My Age of Investment
Five hundred and thirteenth, tactical action
After meeting with the three founders of ATL in the morning, Xia Jingxing met with Shanxi Tetsu, the executive director of TDK Group who came to China from Japan in the afternoon.
Special executive director is a unique position for the Japanese, one level higher than the executive director. In Japanese companies, it is second only to the president and president, and can be regarded as a member of senior management.
Liang Shaokang previously served as the chairman and CEO of TDK Group Greater China, which sounds very bluffing.
But at TDK Corporation's headquarters in Japan, the job sequence is a dedicated executive officer, three levels lower than Tetsuji Shanxi.
Japanese companies have serious seniority rankings, and it is almost impossible to see younger executives. Shanxi Zhesi is nearly 60 years old, and his hair is a little gray.
In the meeting room of ATL company, this old Japanese man is sitting on a chair upright.
Seeing the door of the meeting room pushed open, a group of people walked in surrounded by a young man.
The translator next to him introduced Shanxi Zhesi, and the Japanese old man immediately got up and bowed half respectfully to Xia Jingxing.
Xia Jingxing didn't bow back, but came up with the highest etiquette in the world - clasping fists.
This was the traditional way of greeting in China, Xia Jingxing didn't feel that he was taking advantage of the Japanese.
He really couldn't learn bowing, and he didn't think it was appropriate.
If someone bows to you, you have to bow back, right?
There is no need to go along with the Japanese, everyone talks about it, which is great!
The TDK Group is not as famous as Toyota, Honda, and Mitsubishi, but it is also a large enterprise with nearly 100,000 employees and billions of dollars in annual revenue.
However, Xia Jingxing is a well-known super rich man in China and the United States, and Facebook and Vision Capital are also well-known companies.
In terms of worth and status, Xia Jingxing is far better than Shanxi Zhesi, who is just a corporate executive.
The Japanese respect the strong, and before the official meeting, Shanxi Zhesi had already obtained all the detailed information of Envision Capital and Xia Jingxing.
Therefore, Zhesi Shanxi didn't think there was any problem with Xia Jingxing's clasped fists in return.
After Chen Tanghua, Zeng Jiqun and Liang Shaokang introduced the two sides,
After sitting for a while, he left the conference room and left the place for both parties.
"Mr. Shanxi, let me just say that Envision Capital is the best buyer of ATL. TDK's timely letting go may be more in line with your company's development strategy."
Xia Jingxing's words were translated to Shanxi Zhesi by the female translator at the side.
After Shanxi Zhesi heard it, he said a lot of "Curry jabbering", but Xia Jingxing didn't understand a word.
However, Vision Capital also hired a temporary female translator, who was sitting next to Xia Jingxing and quickly translated for Xia Jingxing.
"ATL is a well-known and world-leading company in the battery field, and our TDK Group is very interested in it.
After the acquisition is completed, we will invest tens of billions of yen (hundreds of millions of dollars) in ATL, continue to increase investment in research and development, and maintain technological leadership in the battery field..."
Xia Jingxing couldn't tell whether the Japanese were telling the truth or lies, so he could only continue to test.
"TDK Group's main business is the production and sales of electronic raw materials and electronic components. The main products include ceramic capacitors, aluminum electrolytic capacitors, film capacitors, ferrite and inductors, high-frequency components, piezoelectric and protection devices...
Batteries are an unfamiliar field for TDK Group. You have Panasonic batteries in Japan, LG Chem in South Korea, and BYD and BAK batteries in China. This is an industry with great competition.
ATL only has a certain market share, not to mention technology leadership.
In fact, the director of Carlyle stationed in ATL, also after visiting the factory of BAK battery, started to quit..."
After listening to the translation, the Japanese old man shook his head again and again, "Mr. Xia, if ATL is really as bad as you said, why would Envision Capital take a fancy to this company? Are you willing to spend 100 million US dollars for it?"
After finishing speaking, Shanxi Zhesi looked at Xia Jingxing with piercing eyes, trying to see through the latter's true thoughts.
Although he respected Xia Jingxing's status and wealth, it did not mean that he would make concessions in the negotiation.
In fact, after knowing that Envision Capital participated in the bid for the acquisition of ATL, their TDK headquarters in Japan had mixed reactions.
Some high-level officials suggested that the Chinese people should be severely slaughtered and the ATL shares held by them should be sold at a high price;
Some high-level executives suggested that their own company wholly acquire ATL, enter the battery field, and open up more businesses and possibilities for the company.
The two parties had a big difference, and they quarreled fiercely, and neither could persuade the other.
Before sending him to China, the president had told him to play by ear.
Therefore, Shanxi Zhesi is also constantly testing Xia Jingxing's intention and purpose of acquiring ATL.
After listening to the translation, Xia Jingxing looked at the Japanese old man, compared with a finger, and said calmly: "The reason why Envision Capital is willing to take over ATL is that we plan to make mobile phones and have invested 850 million US dollars around the mobile phone industry chain;
Secondly, Envision Capital also invested in a new energy sports car company, and batteries are our key technical direction.
What we value is the technology, talents, factories, and production capacity accumulated by ATL in the battery industry...
This enterprise can be used after buying it, and becomes a piece of our industrial puzzle. "
The reason why Xia Jingxing used the pretense of "industrial investment" was also to lull the Japanese old man.
If we talk about it purely from the perspective of financial investment, it might lead to bad associations among the Japanese: Could it be that Envision Capital has seen the future trend of the battery industry and has a chance to make a lot of money?
At present, Carlyle Investment and 3i Capital, as financial investment institutions, are clamoring to cash out because they don’t believe that ATL has a future. Investment is destined to fail to make a lot of money, or even lose money.
Vision Capital, as a peer and a mature financial institution, cannot fail to see this.
But you know it's a fire pit, but you still want to jump into it?
If something goes wrong, there must be a demon!
After listening to the interpreter's explanation, Zhesi Shanxi nodded slightly. This is the same as their judgment. Envision Capital's acquisition of ATL is not measured by pure financial investment, but to open up the entire industrial chain.
They have read the information of Envision Capital, and indeed spent 500 million US dollars to establish a mobile phone company, 100 million US dollars to develop a mobile phone operating system, and 250 million US dollars to establish a mobile phone industry M\u0026A fund. That new energy vehicle company called Tesla also Tens of millions of dollars have been invested.
Nearly one billion US dollars have been invested, and it is not incomprehensible to spend 100 million US dollars to buy a battery company and integrate it into the entire industrial system.
This is probably also the real reason why Vision Capital came to take over the offer even when institutions such as Carlyle and 3i were no longer optimistic.
The Japanese old man was sure that he had identified Xia Jingxing's acquisition purpose, and continued to test his acquisition intention.
"Mr. Xia, we can understand Envision Capital's desire to open up the industrial chain, but ATL is also an enterprise that TDK Group must win..."
The cunning Japanese old man began to make up his own reasons for the acquisition, such as the slow growth of the group's traditional business, which has gradually entered a bottleneck period, and urgently needs to develop innovative businesses to boost the company's morale and stock price.
Xia Jingxing listened intently to the "simultaneous translation" on his side, and after the old man finished speaking, he replied, "How about this, Envision Capital acquires 51% of the shares and controls ATL, so that we can also achieve the goal of industrial chain control.
And TDK, holding the remaining 49% shares of ATL, can also achieve the purpose of sharing the dividends of enterprise development. "
After hearing what the translator said, Shanxi Zhesi refuted loudly like a cat that stepped on its tail.
"If ATL is controlled by Envision Capital, it is equivalent to labeling you as only providing batteries for your mobile phone companies and automobile companies, which is equivalent to becoming your subsidiary and exclusive supplier.
It seems very good, but it also means losing customers from other mobile phone manufacturers, and even auto manufacturers.
What ATL can develop into depends on your mobile phone company and car company.
TDK Group cannot accept such a plan, nor will we accept any other form of joint venture..."
Xia Jingxing listened to the translation on the side, his originally smiling face darkened a little bit.
Because TDK Group is a shareholder of ATL and enjoys the preemptive right to purchase shares.
In other words, at the same price, shareholders such as Carlyle and 3i should sell their shares to TDK first.
The reason why Xia Jingxing didn't go to Carlyle and other institutions first was because he was afraid that these companies would take their own quotations and turn to Little Japan to drive up the price.
And as long as he is the first to settle TDK, the remaining shareholders will be fish on the chopping board to be slaughtered at will.
TDK is one of the key shareholders, because it is not in a hurry to withdraw, but has bidding intentions.
Facing the Japanese old man who was not good at oil and salt, Xia Jingxing began to make use of the problem.
When the old man finishes speaking, the translation will be finished here.
Xia Jingxing slapped the table violently, and said angrily, "Fuck you, did you give you a little Japanese face?
What is my identity? I kindly invited you to operate a joint venture company, and you still mocked me for destroying ATL.
Don't say that you are just a small executive director, even if you are the president of TDK, you are not qualified to make irresponsible remarks in front of me.
We don't need to talk anymore, let's bid directly tomorrow! "
Xia Jingxing's sudden emotional outburst not only made his own translator dumbfounded, but also Shanxi Zhesi, his translator, and his entourage.
Although Shanxi Zhesi couldn't understand, he was not blind. Seeing Xia Jingxing slapping the table, pointing at his nose, speaking at a speed like machine gun fire...
The old man spread his hands with astonishment on his face, not knowing what happened.
When the translator faithfully translated Xia Jingxing's swear words, the Japanese old man scolded "Baga", stood up "shua", pointed at Xia Jingxing and babbled a lot.
The translator hired by Envision Capital asked in a low voice, "Mr. Xia...do I...translate truthfully?"
"You said, you can't change a single word. Let me see what he said."
Xia Jingxing fought back without showing any weakness in his eyes, staring at the red-faced old Japanese man who was blowing his beard and staring upright.
"Bastard, you irritable Chinese guy, you have no self-cultivation. I just reject your plan. I am not your subordinate. You have no right to scold me. TDK Group, which has a glorious history of 70 years, is not afraid of any threats..."
After listening to the translation, Xia Jingxing said coldly to the female translator, "Tell him, tomorrow I will use US dollars to smash his so-called 70-year glorious history into a pile of shit!"
After finishing speaking, Xia Jingxing gave the Japanese old man a cold look, and led a group of people to leave directly.
There was a room of Japanese people looking at each other in blank dismay, and a Chinese translator.
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