Reborn in Hong Kong: The Tycoon Grows Up

Mitsubishi Heavy Industries has a long history; in 1884, Mitsubishi founder Yataro Iwasaki leased the Nagasaki Shipbuilding Bureau from the government and named it Nagasaki Shipyard, which later developed into Mitsubishi Shipbuilding Co., Ltd. By 1934, as the company's business had expanded to heavy machinery, aircraft, railway vehicles and other fields, the company was renamed Mitsubishi Heavy Industries Co., Ltd.

As a company that started out by building ships, although LNG carriers have some technical difficulties, for Mitsubishi, it is really not a big deal. But whether it is necessary to invest in Iraq is highly debatable. And according to Bao Zixuan’s wishes, the two parties should cooperate to build a factory.

Heiyun Group has too many advanced technologies, including road and air, Mitsubishi has completely fallen behind. If it is overtaken by the other party in the marine field, Mitsubishi will become very passive in the future. These are all issues that need to be considered.

But Koki Iwasaki also knows that if you don’t go to Iraq to build a factory, they won’t let you exploit oil. This is a mutually reinforcing relationship; if it is an inevitable connection, he is not so naive.

The Iwasaki family still retains the tradition of being a large family, and most of the core members live together. Otherwise, Iwasaki Koki would not be able to guarantee that he would be able to reply to the other party within half an hour.

He went directly to his father's study, where he should be working or relaxing at this time. Then, in the name of his father, he summoned the core members of the family and believed that the result would be obtained within ten minutes.

Eiichi Iwasaki is indeed not young, and his son has been very successful in recent years. Therefore, Mitsubishi Heavy Industries has basically not been involved in major and minor matters. Unless there is a big decision, they won't get involved at all. But when I saw my son coming so late, I knew there must be something important. In other words, things are not only important, but also very urgent.

Isn't it urgent? Bao Zixuan's style of doing things is one thing; the most important thing is to fly over tomorrow and wait for him in Iraq. It was stated that only one day would be given for consideration. If Mitsubishi gave up, others would be informed. Regarding this once-in-a-lifetime opportunity, Iwasaki Koki does not intend to give up, and he cannot give up.

What is the status of oil, and what role will it play in the future? Even children on the street know that as Japan's number one company, the country has given you a platform and resources, so you must be worthy of the country's efforts.

What a great opportunity it is to be able to drill for oil in the Middle East. If Mitsubishi doesn't grasp it, then he is the sinner of the entire country.

After introducing the matter to his father in detail, Iwasaki Eiichi asked: "What do you think?"

This is a test of myself, and judging from the expression on my father's face, he already has the answer.

Koki Iwasaki: "This is a once-in-a-lifetime opportunity. Even if it involves great risks, Mitsubishi must take this risk. Currently, Heiyun Group is involved in the exploitation of three oil fields in Iraq and even has partial pricing power. The oil in Xiangjiang is basically He is supplying. Mitsubishi does not say it has pricing power; but when an oil crisis occurs, it can at least meet its own needs."

"Currently, many Japanese companies are thinking about investing abroad. But I think investing in real estate is not advisable. Although Japan's housing prices are growing very fast, the annual growth rate of real estate prices in other countries is not very large. If you have that kind of money, you might as well Invest in mines and oil fields. These are raw materials that Japan urgently needs, and Japanese people do not lack houses to live in."

"As for investing in shipyards in Iraq, Mitsubishi really doesn't need to invest much. I believe the equipment and technology are enough for us to occupy a large proportion of the shares. There may be risks of technology leaks, but there are not many confidential technologies in shipbuilding. In the world, we can There are countless companies that produce LNG carriers. If Mitsubishi refuses, it is estimated that many companies will be willing to go."

"Now Mitsubishi needs oil more than Heiyun needs Mitsubishi's shipbuilding technology."

After hearing his son's analysis, Iwasaki Eiichi certainly understood what it meant. At the same time, I am reminding myself that it is best not to acquire Rockefeller Center in the United States.

Mitsubishi Estate's management is currently planning to acquire Rockefeller Center in the United States. However, Mitsubishi Estate is not yet under the management of Iwasaki Koki, so it can only give some suggestions.

Iwasaki Eiichi: "Go boldly according to your ideas without any scruples. As for Mitsubishi Real Estate's outward expansion, I will give appropriate reminders. Although as the patriarch, you must balance the interests of all parties and cannot completely make the decision."

"Work hard, arrange a special plane, and leave overnight. Doesn't Bao Zixuan value efficiency? Working with such a person requires more efficiency than him. At the same time, let the Iraqis see the sincerity of Mitsubishi and the Iwasaki family."

"Don't worry about family matters; I'll take care of everything."

Without convening an elders' meeting, I just let him do what he wanted. Iwasaki Koki knew that his father would definitely make some compromises. A family that is too big and has too many members is not always a good thing. Although their surname is Iwasaki, each head of the house is responsible for different businesses and companies. Everyone wants to make themselves responsible for the growth of the sector, so disputes often occur.

There is only so much money, and although the Iwasaki family is very wealthy, their expenses are also not small. In addition, Japan, as a defeated country, did not have much profit left before. Most of the wealth accumulated now was after World War II, and the amount is ultimately limited.

So whether it is investment or acquisition, in most cases, Bank of Mitsubishi needs to provide loans. Mitsubishi Estate wants to acquire Rockefeller Center in the United States, and it is no longer a day or two. If you disagree, it can easily affect family unity.

Mitsubishi Heavy Industries invested in United Aircraft Manufacturing Company, and although it has achieved impressive results, it has not seen any money yet. Then billions of dollars were invested to enter the field of flying saucer research and development and manufacturing. Even if the Japanese government is behind the push, Mitsubishi still needs to bear the bulk.

Now we have to go to Iraq to invest in oil fields and shipyards, and all the funds will be occupied by Mitsubishi Heavy Industries; then, should other companies develop? The balance of interests has been broken, and other house owners will definitely not be willing to do so.

Now without any discussion, let him go to Iraq. It seemed that my father was about to make a compromise; he still wanted to speak, but was interrupted by Eiichi Iwasaki: "Don't think nonsense, as long as I am alive, there will be no problem, and I can still make the decision on some things."

After Koki Iwasaki coordinated the plane, he asked the driver to arrange the vehicle. Due to the sudden incident, only necessary security personnel, housekeepers and translators were brought along.

Bao Shaofu didn't expect that the old boy could be so efficient. The distance between Japan and Iraq is not far, and we can probably meet there tomorrow morning. So I immediately called the second young master and asked him to arrange everything. The heir to the Mitsubishi Group should not be too shabby.

When I heard that Mitsubishi Iwasaki Koki was arriving tomorrow morning, the second young master really didn't know what to say. What is the efficiency of Bao Zixuan? What is the efficiency of the Japanese? No wonder Hong Kong and Japan are so economically developed in places with no resources at all. Judging from people's work efficiency, it is not unreasonable.

On the other hand, although Iraq is rich in oil and gas resources, it does not know how to utilize and adapt them. The economy and technology are lagging far behind. We must seize the opportunity this time. Cooperating with such enterprises is also a kind of learning in itself.

It was not until 12 o'clock in the evening that the Iraqi president returned home. I am very happy to see that my son is still working. Of course he knew when Bao Zixuan came over. It's just that I have an important person to meet today, so I really can't leave.

The Iraqi president smiled and said: "What are you looking at! So serious."

Seeing that it was his father who had returned, the second son said, "It's basic information about liquefied natural gas carriers and Japan's Mitsubishi."

I heard about LNG carriers and Japan's Mitsubishi; is there any connection here?

Seeing the confusion on his father's face, the second son continued: "I met with Bao Zixuan today. Heiyun Group is planning to increase investment in Iraq. It plans to build a power plant and a steel plant; of course the most important thing is a shipyard."

"The shipyard specializes in the production of oil tankers and liquefied natural gas carriers. However, Heiyun Group does not have relevant technical reserves, so it invited Japan's Mitsubishi to cooperate."

"The condition is that Japan's Mitsubishi Group is allowed to develop oil fields in Iraq, and I have agreed to this. I'm sorry that I didn't get your consent, but the opportunity is fleeting, and I don't want Bao Zixuan to feel that Iraq is too slow to do things. After all, Iwasaki, the head of Japan's Mitsubishi Heavy Industries Mr. Hongyi is already on the special plane flying to Baghdad."

Hearing what his son said, the president also became interested. Heiyun Group will invest in the construction of three factories at one time, and will also invite Japan's Mitsubishi to join them. This is a great thing. As for the development of the oil fields, of course he knew his son's concerns, so he said with a smile: "Don't have any burden on your heart. I will meet with them tomorrow morning and then leave. I will leave all the rest to you." You are responsible; I will unconditionally support any decision you make."