Resource Tycoon Reborn

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On November 15th, at the headquarters of Japan Municipal Bank, Nagano Masayuki officially signed and sealed two agreements on behalf of Municipal Bank. From this day on, all 30 sogo0 Co., Ltd. Group holdings owned by Municipal Bank The creditor's rights of US$800 million were completely transferred to Gamestation Company. At the same time, the municipal bank will also loan US$3.8 billion to Gamestation Company for a period of ten years, of which the first six years will be a symbolic one-thousandth of the loan. The interest rate will be the normal interest rate for the next four years.

After signing and sealing, Nagano Mabuyuki watched the gamestation company representative sign and seal the agreement, as if a huge weight had been lifted off his shoulders. The 3.8 billion U.S. dollars of bad debt was finally pushed out, and his business As for the long-term position, there is no danger for the time being. Regarding these two agreements, the board of directors of Municipal Bank has been really entangled for some time and has been difficult to make a decision.

On the one hand, the Board of Directors of Municipal Bank unanimously approved the conversion of the US$3.8 billion loan of Sogo0 Co., Ltd., which will almost certainly become a non-performing debt, into a loan of Gamestation Company. On the other hand, for Fang Mingyuan’s request, Many people on the board of directors were extremely dissatisfied with the six-year interest-free condition. After all, even if calculated based on the lowest interest rate, the interest for six years was a considerable figure.

The board of directors neither wanted to let go of this opportunity to turn huge non-performing debt into high-quality loans, nor was it willing to pay the price of six years without interest. As a result, the two sides became deadlocked on this issue.

However, the day before yesterday, on the 13th, news came from Osaka. After the news that the current chairman of Sogo0 Co., Ltd. Group Mizufune Shinzo was in active contact with Seibu Department Store Group, the Fang family's attitude became more serious. In order to get tougher, the municipal bank must give a clear answer within three days, otherwise, Fang Mingyuan's original proposal will be completely invalid! The Fang family will give up the acquisition of the sogo0 Co., Ltd. group's claims from the municipal bank.

The City Bank was not surprised by the Fang family's reaction, because even they were surprised after hearing the news.

Seibu Department Store is a famous department store in Japan. Although looking at the whole of Japan, in terms of performance and scale, it is not as good as Takashimaya Department Store, but it is also a large department store with a well-known brand in the Japanese department store industry. It is located in Tokyo and Japan. There are large-scale department stores in more than a dozen other Japanese metropolises, especially the Seibu Department Store in Ikebukuro Tram Terminal, one of the downtown areas of Tokyo. It is so large that it seems to occupy the entire street. Some thoughtful people have tried to use I spent a whole day browsing this super large department store, but in the end I realized that it was still just a quick glance.

Especially the major shareholder behind it, the Toibu Group, is a very large enterprise group that spans department stores, railway transportation, hotel management, real estate, restaurants, entertainment venues and many other industries. It once had more than 100,000 employees. It has Nearly one-sixth of Japan's land is included in the ranking of the world's richest entrepreneurs published by the famous financial magazine "Forbes". Its boss, Yoshiaki Tsutsumi, with a net worth of more than 10 billion US dollars, in 1987, Ranked first in the world twice in 1988 - it is said that the Seibu Group's wealth at its peak exceeded US$160 billion!

Although the Japanese economy has fallen into a quagmire and has not grown in ten years, and the Seibu Group has lost its former glory, it is still a very large corporate group in Japan and has huge social influence. The intervention of Seibu Department Store

, the municipal bank had to choose its position as soon as possible. Should we wait for Seibu Department Store and Mizufen Shinzo to reach an agreement, and then see who between Fang Mingyuan and Seibu Department Store can get the sogo0 Co., Ltd.; or help Fang Mingyuan obtain the sogo0 Co., Ltd. Group

The absolute controlling stake, that is, no less than 51% of the shares. Because according to the subsidiary agreements of the two agreements reached between the Fang family and the municipal bank, only the Fang family controls 50% of the shares.

The two agreements will not officially come into effect until a share of sogo0 Co., Ltd. Group is obtained.

After nearly ten hours of intense debate, the Board of Directors of Municipal Bank finally decided to help Fang Mingyuan obtain absolute controlling stake in sogo0 Co., Ltd.!

Regarding the decision of the board of directors, Nagano Mabuyuki couldn't help but agree with it. In his view, although Seibu Department Store is a famous department store in Japan with rich experience in department store business and a strong financial foundation,

, if Seibu Department Store wants to annex sogo0 Co., Ltd. Group, it will not be an easy task. After all, sogo0 Co., Ltd. Group is also a very large department store with assets of more than 10 billion US dollars and liabilities of 10 billion US dollars.

At the same time, the Fang family, which has already obtained more than 30% of the shares, is holding back. When will the negotiations between the two major department stores led by current chairman Mizufune Shinzo finally reach an agreement? What will happen during this period?

It's hard to say what new variables there will be. For commercial banks that are eager to get rid of huge amounts of non-performing debt, it is obviously not a good choice worth taking risks.

As for the Fang family, things are much simpler. As long as we help the Fang family obtain the absolute controlling interest in the sogo0 Co., Ltd. group, then this bad debt will become a high-quality loan for the gamestation company, although the interest will be higher.

There will be some losses, but this money will no longer be recovered. And even if the Fang family fails in the fight for controlling rights, the situation of Municipal Bank will not become worse than it is now.

After signing and sealing the two agreements and one subsidiary agreement, the gamestation company representative stood up with a smile, stretched out his hand to Nagano Shinyuki and said: "President Nagano, I wish us happy cooperation in the future!"

"Happy cooperation!" Nagano Masayuki held his hand and said sincerely, "As for the time when this news was released, Fang Jun meant..."

"Fang Jun hopes to delay it for a while until the situation becomes clearer."

Nagano Shinyuki nodded knowingly and said with a smile: "Then I will wait for Fang Jun's good news!"

At this time, in Fang Mingyuan's villa in Tokyo Bay, the fifty-seven-year-old Yoshida Harunouchi, the president of Seibu Department Store, was sitting on the sofa in the living room in a suit, with his personal secretary sitting next to him.

Fujiwara Yuriko and Seibu Department Store President Yoshi Fukuzawa. Harunouchi Yoshida was talking softly to Fukuzawa Yoshi while observing the villa.

In order to challenge Takashimaya Department Store's No. 1 throne in Japan, sogo0 Co., Ltd. Group has been the prey chosen by Seibu Department Store for a long time. The reason why it has not taken action is because Seibu Department Store is also waiting for a better

The time has come. (To be continued.)