Chương 1248: Chapter 1248: Sniping Begins
With absolute control, Jiuding Securities has already taken a firm seat at the table.
After forcing Mitsui Securities out, Matsumoto Yu's only thought is to teach Mitsui Securities a lesson and make them spend a higher price to acquire the stock.
After all, according to the strategy for Suntory, Suntory would not be privatised, and the stock price before the move was the normal stock price. Even if the stock price was speculated to rise again now, it would still plummet back when the press conference was held in a few days' time.
Unless Mitsui Securities was willing to keep the funds tied up, it would have to admit defeat and clear its position.
Simply raising the price was the simplest operation, and Matsumoto Yu directly handed it over to his subordinates to control, while he devoted his energy to other aspects.
For example, the task previously assigned by his boss Xia Yu, the acquisition of the six companies Leading Motor Company, Sankyo Seisakusho, Nippon Electric Company, Nisshin Steel Company, Sanyo Special Steel Company and Tokyo Steel Company, as well as the task of sniping Nippon Steel!
And the task of acquiring Nisshin Steel Company, Sanyo Special Steel Company and Tokyo Steel Company, which was proposed later, is even more urgent.
For this reason, Matsumoto Yu had been tracking and scheduling these tasks almost every day before, urging employees to speed up the acquisition process.
After nearly a month of action, the entire operation has achieved great results.
First, the three major industrial manufacturing companies, including the unlisted leading motor company and the island country electric company, have been brought under the banner.
The leading motor company, Takemitsu Takizaki, has been operating very steadily, with no loans and relatively little financing on the growth path, so the equity is relatively concentrated.
However, after a series of breakthroughs, we finally held 60.5% of the equity of the leading motor company and became the largest shareholder, surpassing Takemitsu Takizaki.
Of these 60.5% of shares, 45.5% were acquired from other shareholders, and the other 15% were obtained after financing for Ryoden.
These two major steps cost a total of 7.34 billion yen.
Compared to Ryoden, the acquisition of Nidec Corporation was even more smooth.
Shigenobu Nagamori was from humble beginnings, so in the past ten years, Nidec Corporation has had to cater to capital in order to grow quickly.
Nidec Corporation has received investment since its inception, and has subsequently undergone three rounds of financing and share expansion. In order to develop, the company has also borrowed from a number of banks, and Nidec Corporation's debt has reached 2.58 billion yen.
Due to the constraints of shareholders and the pressure of debt, Nidec Corporation's operations are much more difficult than those of Ryoden, and therefore Shigenobu Nagamori's mentality is different from that of Takemitsu Takizaki.
For example, in terms of control of the company, Shigenobu Nagamori's shareholding has long been below 50%.
Therefore, the takeover of the company was much more successful.
The aim of investors is to make money, so Jiuding Securities Company kept increasing the price and took over all the shares of other shareholders.
Shigenobu YAMANOUCHI did not oppose being dependent on a large financial group, so he also agreed to the financing.
In the end, only two shareholders remained in the company: Shigenobu YAMANOUCHI with 26.2% and Jiuding Securities with 73.8%. Jiuding Securities spent a total of 7.88 billion yen.
In addition to these two unlisted companies, Jiuding Securities still only holds a 5.1% stake in the listed company Sankyo Seisakusho on the surface, but in reality, its shareholding has reached 35.76%, far exceeding the 12.1% of the original largest shareholder Toyota Motor and the 11.4% of the second largest shareholder Ogawa Family.
Then there are the four companies in the steel sector.
The acquisition of 46.5% of Sanyo Special Steel cost 22.75 billion yen.
Acquired 52.4% of Tokyo Steel Manufacturing for 32.93 billion yen.
The only acquisition of Nisshin Steel, which is affiliated with Nippon Steel and is the largest in size, cost 30.76 billion yen, and only 29.7% of the equity was acquired.
It is not that the staff is not working hard enough, but Nippon Steel, unlike the other two steel companies, has a powerful backing!
Nippon Steel is backed by the core pillar of the Mitsui Financial Group, and its products are sold through the channels of Mitsui & Co., Ltd., one of the top ten trading companies. The company's prospects and business risks are different, and naturally the shareholders' mentality is also different, making the acquisition more difficult.
It is not easy to acquire so much equity without arousing the vigilance of Nippon Steel.
Finally, Nippon Steel, a giant with a market value of 1,636.8 billion yen today, Jiuding Securities Company used ten times leverage to enter the market, spending 139.5 billion yen to buy 204.48 million shares, accounting for 8.52% of the company's total share capital.
Although this percentage is still somewhat low, if it is announced, it will be enough to become the apparent largest shareholder of Nippon Steel.
If an attack is launched, it will already have a certain amount of power.
Matsumoto Yusei reported all these results to Xia Yu.
'The results of Ryoden Electric and Nippon Chemi-Con are very good. As long as you do a good job of financial supervision, you can let Takizaki Takemitsu and Nagamori Shigenobu run the business with their hands free.'
'Sankyo Seisakusho has huge potential for the future. You can continue to acquire equity. Even if it is exposed, it doesn't matter. At that time, you can just take advantage of the situation to gain more say.'
'Sanyo Special Steel and Tokyo Steel, make further acquisitions, and our ultimate goal is to delist and privatise these two companies.'
'Launch a formal attack on Nippon Steel, make a lot of noise, draw attention away from us, take the opportunity to secretly acquire a stake in Nisshin Steel, and it will also facilitate the acquisition of Sanyo Special Steel and Tokyo Steel. We still need to save money.'
'As for Suntory, you just take care of it, and teach Mitsui Securities a long-lasting lesson.'
Xia Yu decisively gave a series of orders after reading the results.
Matsumoto Yu quickly took notes while subconsciously nodding all the time.
'Boss, I understand, I promise to complete the task!'
Matsumoto Yu straightened his back with a serious expression and answered loudly.
'Well, go!'
Xia Yu nodded slightly, dismissed Matsumoto Yu, and continued to bury his head in ideas.
...
Jiuding Securities' execution is very strong.
Let's say Matsumoto Yu, carrying Xia Yu's order, immediately gathered the personnel for a detailed discussion after going back to figure it out, and negotiated a detailed and comprehensive action plan.
Early the next morning, as soon as the stock market opened, large sums of money poured into the stock market, and a massive acquisition of Nippon Steel's stocks began.
Because it is the leading steel stock in the country, Nippon Steel's price-earnings ratio is considered quite high.
However, after all, the entire steel industry in the island country is in a depression, so in the assessments of major institutions, Nippon Steel's stock appreciation potential is not high. Investing capital in this stock can barely maintain its value, but it is impossible to hope for large profits.
Therefore, when Jiuding Securities Company continued to buy stocks to drive up the price of Nippon Steel, some institutions and investors decisively sold their holdings.
Over the next few days, until the market closed on Friday afternoon,
Jiuding Securities once again spent 55.72 billion yen to buy 80.64 million shares.
Nippon Steel's share price also rose from 682.2 yen per share to 702.6 yen per share within a few days.
Although the increase was not significant, due to Nippon Steel's large size, it also caused Nippon Steel's market value to rise by nearly 49 billion yen.
The trading volume and turnover rate remained high for several consecutive days, which finally alerted the Nippon Steel Securities Department...
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