The next night, in a hotel room in Beijing, Feng Yu, Heitaro Nakajima, Wilson, and a lawyer brought by Heitaro Nakajima were looking at a few contracts in their hands.
One of the contracts was a loan from Feng Yu to Aiwa. Of course, this was not a low-interest loan. The interest was the highest allowed by law.
The other contract was for Feng Yu to inject a sum of money into Aiwa in exchange for some shares. This was to dilute Heitaro Nakajima's shares from 13% to 10%.
Both parties signed the contracts under the witness of their lawyers. Feng Yu then wrote two HSBC cheques to Heitaro Nakajima.
"Heitaro Nakajima, I trust you in the management of the company. I do not have many requirements for the company, but I do not wish for something like this to happen again. If you make such a mistake again, I will forcefully buy over your shares and kick you out of Aiwa!"
Heitaro Nakajima bowed 90 degrees: "Mr. Feng, I am very sorry. I promise that I will not make the same mistake again. I will not let the company get into trouble again. Although the company still owes Sony more than 3 billion Yen, the contract is not a problem. We only need to repay the interest at the end of the year and the principal within 3 years. The contract is very lenient. "
In the past, Sony had the controlling stake in Aiwa, and the contract was very lenient. But Heitaro Nakajima had spent a lot of effort to get this low-interest loan from Sony.
If Aiwa could not repay the loan, then Aiwa's brand and technologies will be given to Sony. Sony felt that this was not a loss as Aiwa's electronics technologies were better than Sony's.
Feng Yu nodded: "This is the best. I will invest in the company and let you be the President of the company. This is my trust in you. Even Sony does not agree with your market strategies, but I agree with you. I also agree with the direction of your Walkman development. I hope you will not let me down."
"Mr. Feng, rest assured. I will make sure Mr. Feng is satisfied with my results!"
… …
3 days later, the bank's executives came to Aiwa again. When they saw Heitaro Nakajima, they were very arrogant.
To them, Heitaro Nakajima only has two choices. First, sell a portion of his shares to them. Second, sell a portion of his shares to Sony, or give in to Sony in the market in exchange for Sony's guarantee.
They felt that Heitaro Nakajima would not be able to repay Aiwa. If Aiwa really wants to repay Aiwa, they will have to sell off all their assets, including all the factories, shares, technologies, etc. that were under construction. According to the strategic cooperation agreement between AIWA and Sony, AIWA's technologies can only be sold to Sony.
The major shareholder of one of these banks is Sony, and the representative of this bank is Watanabe Ichiro. This time, it was Watanabe Ichiro who led the banks to chase Sony's debts. The other banks were only giving Sony face.
What AIWA is going to rise? They can't see it. If Sony doesn't do something, AIWA will be finished. Other than Watanabe Ichiro's bank, even if AIWA is willing to give them a portion of their shares, they will not accept it. They only want AIWA to sell off their shares and have the money to repay them earlier.
Today, they will achieve their goal.
"President Heitaro, what do you think?" Watanabe Ichiro crossed his legs and asked proudly.
So what if Heitaro Nakajima is not convinced? Take out the money. If you can't, then you must accept my conditions! Sony will be defeated by a company that once controlled the company?
"I have thought about it." Heitaro Nakajima said.
"Ok. President Heitaro, are you going to sell a portion of your shares to our bank, or are you going to get a big company to be your guarantor? For example, Sony?" Watanabe Ichiro smiled and asked.
"Neither. I want to repay you all the loans!"
"What? You want to repay the loans? "Watanabe Ichiro sat up straight. Was he hallucinating? How is Heitaro Nakajima going to repay the loans?
He knew about AIWA's bank account. Although there is a lot of money in it, it is not enough to repay the banks!
"That's right. I want to repay the loans. Since all of you are here, then let's calculate the total amount I need to repay you all. Oh, I will be using USD to pay you all. Please be quick. After all, the exchange rates might change every minute. "
Heitaro Nakajima leaned back on the sofa and looked at Watanabe Ichiro's shocked expression.
Humph! You think I don't know Sony had sent you all? You think I will give in? Let me tell you. Impossible. From the day Sony sold off AIWA's shares without informing me, I swore that I will make Sony regret!
Now you all are regretting, and you all will regret forever! You want to take advantage of Aiwa? You want to take advantage of me? Dream on!
"President Heitaro Nakajima, think carefully. You owe us 5 billion Yen. 5 billion Yen!" Watanabe Ichiro shouted.
"I know. My company had just received a sum of money. 5 billion Yen is not a problem. This is a cheque from Hong Kong's HSBC Bank. You all can verify it."
Watanabe Ichiro looked at the cheque in Heitaro Nakajima's hand. There is more than one cheque, and the amount on the first cheque is 40 million USD!
Who is it? Who is so generous? How come there were no signs of this?
Watanabe Ichiro and the rest had come to Aiwa excitedly, but they returned disappointed. They had gotten the money, but they were not happy.
The higher management of the banks were regretting their decision. Since someone was willing to invest so much money in AIWA, that means AIWA had overcome their financial crisis. The Walkman sales might not be a one-time thing. Didn't they want a lot less interest? Also, they had lost a potential customer?
… …
"What did you say? AIWA had paid off all the loans from the banks? This is impossible. AIWA does not have so much money! "Norio Ohga shouted. He almost smashed the phone.
Impossible. This was impossible. 5 billion Yen. Even if AIWA held back the payments from the suppliers, they would not be able to raise so much money. Unless someone else had invested in AIWA!
Norio Ohga did not know why but he suddenly thought of that young man, Hua Xia. That young man, Hua Xia, had bought AIWA's shares from Sony.
That young man could easily take out so much money. Maybe he could really take out 5 billion Yen. If AIWA did not have any problems with their funds, then with AIWA's technologies and sales channels, Sony's Walkman products would be in big trouble!
Sony had been supporting AIWA in the past to form a brand alliance to stop other brands from entering the Walkman market. In this regard, they were successful.
But Norio Ohga did not expect that AIWA, which they had supported, had grown to such a stage and could threaten Sony's position. Norio Ohga was regretting his decision.
He should not have sold off AIWA's shares in the past. Sony only had one option left. That is to … … tear up their strategic alliance with AIWA!
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