Siheyuan: I am Jia Dongxu's cousin

Chapter 229: Taking Over Hitachi Manufacturing

"Mitsui-kun, please!"

"Sumitomo-kun, please!"

Okamoto Yokomura hung up the phone, stretched out his hands, and swept the documents beside the desk.

"Baga! These bastards are the ones who fell into my trap."

After cursing for a few minutes, Okamoto Yokomura collapsed in his office chair in frustration and rage. He had previously sought help from many Japanese companies, but was rejected by them for various reasons. In the end, he borrowed 1 million US dollars from Mitsui and Sumitomo. Together with bank loans, Okamoto Yokomura has only raised 3 million US dollars so far.

Helpless, Okamoto Yokomura had to initiate a board meeting and ask the directors to lend money to Hitachi, Ltd.

"We all have our own businesses in Okamoto Yokomura. Please forgive me for being unable to help you in this situation."

The Italian white man who was speaking had received an offer from the Flower Planting Group two days ago. Perhaps the price was not agreed upon, so he did not think about selling his shares in Hitachi at the time. However, given the current situation, it would be better to sell as soon as possible. His own company was also not doing well in this economic crisis and urgently needed cash.

With this Italian shareholder taking the lead, some shareholders who held small shares and received acquisition invitations rejected Okamoto Yokomura's request.

In the end, only a few Fuso shareholders agreed to lend money to Hitachi, and the amount of the loan was only 3000 million US dollars, which was far from enough.

At this time, Okamoto Yokomura looked at the representative of the Flower Planting Group and said, "Mr. Meng, I wonder if the Flower Planting Group can lend some cash to Hitachi Manufacturing. We will definitely return it in time after we get through this crisis."

Meng Cheng looked at Okamoto Yokomura's flattering expression, stood up, straightened his suit, and directly refused: "I'm sorry, Mr. Okamoto, the Flower Planting Group cannot lend money to Hitachi Manufacturing."

Just when Okamoto Yokomura was still trying to fight for it, he heard Meng Cheng say, "Today, I am representing the Zhonghua Group to participate in this board meeting and to announce one thing. The Zhonghua Group has officially launched an acquisition of Hitachi Manufacturing. Interested shareholders can hand over to our staff after the meeting, and we will definitely give you a satisfactory answer."

"By the way, I forgot to say that the Zhonghua Group now owns 22% of the shares of Hitachi, Ltd." Meng Cheng looked at everyone present with a smile on his face.

Meng Cheng was originally inspecting business in Fuso, but Zhang Weiguo notified him to attend the board meeting. Before he came, Zhang Weiguo emphasized that the acquisition of Hitachi Manufacturing by the Zhonghua Group should be made public.

As for Zhang Weiguo's purpose, it was of course to achieve a better acquisition.

Anyway, when the shares reach a certain level, the other party will know that it is their Zhonghua Group that is acquiring Hitachi, so it is better for him to expose it in advance. This will also bring greater pressure to Okamoto Yokomura and give those entangled small shareholders a direction.

"Mr. Meng, it turns out it was you who did it!" Okamoto Yokomura stared at Meng Cheng angrily.

Before, Okamoto Yokomura couldn't understand who would, in such an environment, risk mutual loss to acquire Hitachi, Ltd.

OK! Now I understand, it turned out to be the Flower Planting Group.

But what Okamoto Yokomura couldn't understand was that there was no conflict between Hitachi, Ltd. and the Flower Planting Group, so why did the other party have to acquire Hitachi, Ltd.

Just when Okamoto Yokomura was about to ask Meng Cheng for help, he heard him say, "Dear shareholders, please think about it carefully. Maybe in a few days, we will not offer this price anymore."

After the meeting, Okamoto Yokomura called Ozawa Ichiro in and angrily scolded him, "You idiot, the other party has acquired so many of our shares, and you, the manager of the risk department, didn't even notice it."

"Snapped--"

"Snapped--"

A few minutes later, Okamoto Yokomura, who was tired of talking and doing things, said to Ozawa Ichiro: "I have raised 3 million US dollars. I don't care what method you use, you must resist the other party's acquisition, otherwise you will be fired!"

"Hey!" After being beaten, Ichiro Ozawa didn't dare to say anything and could only nod.

After Ichiro Ozawa left the office, Okamoto Yokomura sat on the office chair with a dejected look on his face.

"Damn the Flower Planting Group, damn Zhang Weiguo!" Okamoto Yokomura was furious.

As chairman for so many years, Okamoto Yokomura has experienced all kinds of difficulties, but this time he may really lose control of Hitachi, Ltd.

Half an hour later, Okamoto Yokomura, unwilling to give up, called a Japanese company for help again, and borrowed another 2000 million US dollars with his miserable performance. But the money was still not enough.

Compared to Okamoto Yokomura's anxious look, the members of the Flower Planting Group's acquisition team were completely an exception.

"We agree to your request, Mr. Henry. I wonder if we can sign the contract now."

"Takeda-kun, we can give you a 5% premium. Instead of holding the shares of Hitachi, it is better to exchange some money to help your own company get through this difficult time."

"Don't worry about this small loss. Just suppress their stock price severely."

"Sell them now! The share price of Hitachi Manufacturing must drop by 10% today."

Three days later, under the fierce attack of the Flower Planting Group, the money that Okamoto Yokomura borrowed from various parties was almost exhausted.

"Chairman, without additional funds, our stock price will not be able to hold up. If some retail investors follow suit and sell off, Hitachi's stock price will not be able to be saved." Ichiro Ozawa reported nervously.

"Damn you, their money is all from the wind." After cursing, Okamoto Yokomura pointed the finger at Ozawa Ichiro: "You idiot, you burned more than 3 million US dollars in just three days, do you really think I am a money printing machine?"

After a few minutes, Okamoto Yokomura, who had gradually calmed down, asked, "If there is no inflow of funds, Ozawa-kun, how long can we hold out?"

"This..." After hesitating for a moment, Ozawa Ichiro said truthfully: "No more than two days at most."

This is still Ichiro Ozawa's conservative estimate. If the Flower-Growing Group increases its offensive again, the stock price of Hitachi, Ltd. will collapse tomorrow.

Hearing this news, Okamoto Yokomura nodded helplessly and told Ozawa Ichiro: "I will raise the money as soon as possible. I'll have to ask Ozawa-kun for help in the next few days."

"Hey, I will definitely not let the chairman down."

……

……

A week later, Zhang Weiguo looked at the report submitted by Tang Hongren and nodded with satisfaction. Although Okamoto Yokomura had been raising money to resist during this period, he still couldn't resist the wealthy acquisition team. Now the share price of Hitachi, Ltd. has dropped to US$5.34 per share, and it is too tight to collapse.

At the same time, the acquisition team also acquired 43% of Hitachi's shares during this period. Together with Zhang Weiguo's original 11%, it has reached the controlling stake requirement.

Soon as the news was reported in the Flower Planting News, Okamoto Yokomura slumped weakly in his chair.

"It's over! It's over!" Okamoto Yokomura's face was bleak. Looking at the familiar office, he knew that from today on, Hitachi, Ltd. no longer belonged to him.

On the second day, Zhang Weiguo, as a major shareholder of Hitachi, dismissed Okamoto Yokomura from the position of chairman and arranged for a man named Huang Yishan to take the position of chairman. And after this meeting, Okamoto Yokomura also sold 21% of his shares. At this time, Zhang Weiguo's shares in Hitachi Manufacturing reached 75%, meeting the delisting requirements.

Then, after a week of hard work, Hitachi Manufacturing was transformed from a listed company into a subsidiary of the Zhonghua Group and renamed Zhonghua Manufacturing.

The acquisition and transformation of Hitachi Ltd. lasted for a full month and a half. Since many things required Zhang Weiguo to decide personally, he put less effort into the acquisition of other Fuso companies.

But as Zhang Weiguo withdrew, Fusang's enterprises began to face the scythe of harvest again...

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