That night, there were fierce negotiations in the conference room of Jiuding Securities.
Although the negotiations were difficult and lasted nearly two hours, in the end the two sides reached an agreement.
Overall, the initiative was still on Jiuding Securities' side, and Nippon Steel made certain compromises in order to get Jiuding Securities to let them off the hook and not point the finger at them anymore.
Nippon Steel will sell its 13.5% stake in Nisshin Steel for 13.66 billion yen and pay an additional 6.27 billion yen in cash in exchange for Jiuding Securities' 20.2% stake in Aichi Steel.
After the contract was signed, the two parties shook hands and made peace.
Of course, in the end, the principals of both sides also agreed to keep this matter secret for the time being.
The purpose of this is self-evident.
It's all about profit!
The stock prices of Aichi Steel and Nisshin Steel were inflated, and once it was announced that the two sides had called off the war, the stock prices would definitely plummet.
Since they would fall sooner or later, they definitely could not give up such a good opportunity.
The institutions and retail investors who followed the hype would have to pay something.
However, in this kind of situation, Jiuding Securities could not do it on its own.
In the following days, the Mitsui Consortium and Jiuding Securities continued to compete with each other, fighting on and off the field with great joy.
The stock prices of Aichi Steel and Nisshin Steel continued to rise as a result of the speculation.
However, at this time, Xia Yu had already arranged for other companies that had no connection with Jiuding Securities to short Nisshin Steel.
It wasn't until the following week that both sides announced a settlement, leaving the institutions that had agreed to the bet and the retail investors who had gone long all dumbfounded.
The Mitsui Group and Jiuding Securities each completed a 50% shareholding in a company, and all the dust had settled, with each side having its own victory.
Immediately afterwards, the share prices of Aichi Steel and Nisshin Steel began to fall, and institutions and retail investors scrambled to flee.
The whole of August was spent in a flurry of activity.
During this period, Jiuding Securities frequently made moves.
It announced the completion of full acquisitions of Tokyo Steel, Sanyo Special Steel and Nisshin Steel.
And on September 1st, it was announced that the three companies would merge to form a steel group, the Zenni Steel Group.
The establishment of this steel group caused a huge stir in the island country.
This is because it is a large steel group with more than 10,000 employees and an annual crude steel production of more than 5 million tons, accounting for 5% of the island country's annual crude steel production capacity. The company's total assets are as high as more than 600 billion yen, and annual sales can reach 500 billion yen.
In terms of company size and production capacity, it ranks sixth in the island nation's steel industry!
Although it is still more than half the gap from the fifth-ranked Kobe Steel, at least the Zhenri Iron and Steel Group already has the qualifications to compete with the giants.
In addition to having a crude steel production capacity of more than 5 million tons, the Zhenri Iron and Steel Group's production capacity of various types of medium and high-grade steel can also reach 820,000 tons per year, and it is also competitive in terms of product variety.
At the very least, the other five steel giants dare not ignore or neglect the Zhenri Iron and Steel Group.
In addition, Jiuding Securities also secretly completed a relative holding of Sankyo Seisakusho, with a 50.2% stake, becoming the largest shareholder of Sankyo Seisakusho, catching the former largest shareholder Toyota Motor Corporation and the former second largest shareholder Ogawa family off guard.
However, as things stood, Toyoda Shoichiro could only accept it with a pinch of the nose.
In the field of capital markets, Xia Yu's companies other than Jiuding Securities also reaped a lot of rewards by shorting Mitsui Securities, Mitsui & Co. and Nisshin Steel, garnering a total of 43.6 billion yen.
...
That afternoon, Xia Yu was in his office, reviewing the foundations he had laid in the island country, when he realised that he had already laid down a relatively solid foundation in the island country this year.
Not counting the branches of the companies under his own Jiuding Foundation and Polaris Foundation established in the island country.
There are already quite a few local companies.
In general, they are mainly distributed in the financial, media, manufacturing, wine and fishing industries.
First, in the financial sector, there are banks, securities companies and credit companies.
The acquisitions of banks were all carried out secretly, without revealing their identities.
In addition to Chiba Bank, which was already wholly owned, the other six targeted banks have secretly increased their shareholdings to more than 50% in the past seven months.
The Shizuoka Bank, the key acquisition target, has reached a holding ratio of 73.5%.
These are all local city banks, and while the attention is often drawn to those national banks, the gradual change in shareholders has not caused much of a stir.
After all, although Xia Yu controls such a high percentage of shares behind the scenes, in reality they are spread among many puppet shareholders.
With this kind of control, these seven banks can be said to be able to implement orders smoothly. Once the time is ripe, the seven banks can merge and become the tenth largest national commercial bank in the island country.
Needless to say about securities companies, Nomura Securities, one of the top ten securities companies in the island country, is still a member of the Sanwa Group on the surface, but in fact it is owned by Xia Yu.
Since it is the biggest highlight in the field, it must be Sunny Credit Company. This consumer credit company with a registered capital of 50 billion yen has, with the combined efforts of many resources, expanded frantically from scratch to 65 outlets in just five months.
Moreover, most of these outlets are not far from the big banks, and they give priority to attacking small and medium-sized enterprises. They have lent a total of 52.6 billion yen at an interest rate of 30%, which has already exceeded the registered capital.
However, it is fortunate that Sunshine Credit Company attracts deposits at an interest rate more than twice that of the bank, and has managed to attract deposits of 24.1 billion yen in just five months.
This has enabled Sunshine Credit Company to make loans normally.
However, at present, the reputation of Sunshine Credit Company has already been established among small and medium-sized enterprises and grassroots residents, and the growth rate of loans in the past two months has increased by more than 40%.
In order to solve the funding problem, in addition to continuing to attract savings from ordinary residents, Sunshine Credit Company is also approaching banks, with an interest rate of 10%. It is believed that many banks will be tempted.
It can be said that Sunshine Credit Company is recklessly racing towards the position of the king of consumer credit in the island country, and it is a dark horse in the industry!
The media sector is Xia Yu's key area of focus.
In the past five months, the number of stores in the Daily News Store has increased from 5,369 to 5,857, expanding at a rate of almost 100 new stores per month. Although this is astonishing, the Daily News Store is ultimately a store with little technical content. The most important things are the location and the delivery staff, and these two things can be solved with money.
Then there are media groups such as Chunichi Shimbun, Shinshin SBS Group, and Hokkaido Shimbun, which have already gained absolute control, and some are even wholly owned.
In addition, they have continuously increased their equity in various TV stations and radio stations in the past, and have formed an alliance with NTV as the core, and the rudiments of the sixth largest private news network have been created.
It is worth mentioning that Quanzhou News, the sixth nationwide newspaper in the island country that Quanzhou Broadcasting has worked hard to establish, has the support of the sixth largest private news network and Jiuding News Agency, the support of an experienced management and marketing team, and the support of Quanzhou Daily News Store, the fourth largest newspaper and magazine distributor in the island country. Since its establishment in April, Quanzhou News has been growing by leaps and bounds.
In just five months, the daily circulation has reached a high of 3.28 million copies from scratch.
However, in order to keep a low profile, the specific sales volume of 'Zennikki News' has always been a mystery. Within Zennikki Broadcasting, only a few people know, let alone outsiders.
Due to competitive relations, 'Zennikki News' cannot log in to the sales channels of newspapers such as 'Yomiuri Shimbun', 'Mainichi Shimbun', and 'Asahi Shimbun'. It relies solely on its own Zennikki Newsstand to distribute, so it is strange that outsiders can know.
Due to the extensive sales network of the All-Japan News Store, the circulation of a large number of newspapers acquired, such as the Hokkaido Shimbun, the Nishi Nippon Shimbun, and the Tokyo Sports Shimbun, has increased to a certain extent.
In the manufacturing sector, the combined value of the five companies, Koshi Industries, Ryoden Electric, Nihon Densan, Sankyo Seisakusho, and the Zennichi Steel Group, is more than 1.5 trillion yen.
The alcohol industry is dominated by Suntory, currently the third largest alcohol company in the island nation.
The fishing industry is dominated by the island nation's Ocean Fishing Company, which has annual revenue of over 1 trillion yen.
Xia Yu personally believes that the influence of these five industries is not small, and although the scope is a bit large, due to the particularity of the financial industry and the media industry, his ability to withstand risks is extremely strong.
The foundations have been laid, and the island nation's Jiuding Securities Company has also been doing well in the island nation, with a huge amount of capital in its hands and the ability to make waves. As long as Yutaka Matsumoto and Junpei Hinata work closely together, there is no need for him to worry.
In other words, at this point in time, there is no need for him to remain in the island nation all the time, and he can completely withdraw.
However, before leaving, he still wants to solve one thing and clear obstacles for his Jiuding Retail Group to successfully enter the island nation.
And incidentally, he wanted to remove the peach that someone else had cultivated for ten years.
He just didn't know if the Ito family would comply obediently.