"Oh... The United States has put pressure on them. This is really interesting news. It seems that they can't sit still anymore." Wang Yaocheng was not surprised by the news brought by Mitsui Takauchi. Instead, he felt that the news came too late.
Mitsui Takacho said with a dissatisfied expression;
"We have replied to the US side that Mitsui is acting in accordance with the rules of the free market and does not involve suppressing a specific company. It does not accept relevant accusations from the US side. We ask them to mind their own business and not to worry about the meat in their neighbor's pot."
"In fact, we have just received a formal inquiry letter from the U.S. Senate and expressed concern about this."
Wang Yaocheng reached out and took out a milky-white letter from the side, read it and said;
"It was sent by my old friend Senator Michael Bay, and he also mobilized several senators to sign it. He has always been very concerned about the development of the Royal Family Fund."
Han Jianfei, the secretary-general who was sitting aside, asked at the right time: "Chairman, how should I respond to this inquiry letter?"
"Haha... First of all, I would like to thank Senator Michael Bay for taking time out of his busy schedule to ask about this matter. I must emphasize that we are professional in economic development and a responsible and law-abiding enterprise. Unfortunately, we cannot accept groundless accusations."
Wang Yaocheng gently tapped the armrest of the seat with his slender fingers, smiled evilly and said, "We can understand the mood of Samsung Group, sympathize with it, and sympathize deeply. As a respectable opponent, Samsung will do our best to defeat it."
he."
"I understand, I'll reply right away."
Han Jianfei stood up, politely greeted the senior executives present, and turned to leave.
Mitsui Takanaga and Wang Yaocheng looked at each other and smiled like good friends. They clearly expressed their respective positions and expressed their confidence in the next step of cooperation.
Senator Michael Bay exerts pressure through his official capacity and hopes to get the Royal Family Fund and Mitsui Foundation to change their ways based on a letter. This can only be overthinking.
For major strategic initiatives at the consortium level of both parties, detailed feasibility studies have been carried out in advance, and the fierce reactions of Samsung from all involved stakeholders are also being considered.
After careful evaluation, a lot of detailed work was done, and it was by no means a decision made with a slap on the forehead.
From a consortium level
The Royal Family Fund and the Mitsui Foundation only signed a vague intention to cooperate. They were all about strengthening exchanges and looking toward future win-win cooperation. They did not involve specific cooperation and served as a guideline document for the direction of the consortium's enterprises.
The size of the Chinese and Japanese consortiums will have far-reaching impacts in any field.
Doing this is to avoid being criticized by the Americans and finding reasons to launch attacks.
Han Bangzi treats himself as a green onion, but who dips him in soybean paste to eat?
Haha... I don't have a lot of money in my waist, so I speak softly, and I didn't take it into consideration at all.
A series of cooperation between the two parties, which only involves mutual equity participation and does not involve corporate mergers and acquisitions, has avoided accusations of forming an oligarchic enterprise and hindering market competition, and it is difficult for the United States to find fault.
Only then did Mitsui Takacho realize;
The ingenuity of Wang Yaocheng's proposal to replace Shin-Etsu Chemical and Sumitomo Chemical with Marvel's equity can be completely understood as a normal financial investment and does not allow Americans to find faults.
Shin-Etsu Chemical and Sumitomo Chemical received cash compensation from Sony Corporation, Sony Corporation received 8.5% of Marvel's equity, and Royal Family Fund got its wish to invest in upstream chemical companies, and each gained something.
If the equity of Hynix or Atlantic Jinko is directly replaced, the upstream and downstream industry connections will be clear at a glance, which will indeed hinder normal market competition and make it easy to get caught.
Americans have always been arrogant, and it is inevitable that they will be beaten if they find something to do.
Everyone was lucky enough to escape.
"Wang Sang's true knowledge is indeed admirable. Now the Americans can only exert pressure in the dark. Without conclusive evidence, neither the Ministry of Justice nor the Ministry of Commerce will get involved. It is much easier for us to deal with it, hahaha...
..." Mitsui Gao smiled so hard that his teeth were missing.
Think about those days
Toyota's entry into the North American market infringed on the actual interests of the three major American car companies. It was subject to repeated investigations by the U.S. Department of Justice and the Department of Commerce, and came with a hail of bullets. Now, after all the hardships, it has become the most popular car brand in the North American market.
The Mitsui Consortium has seen the world, and they don't care at all about Senator Michael Bay's actions. This is just a little bit of pressure.
Wang Yaocheng said with confidence, "Samsung is in a desperate situation and seeking medical treatment! We don't care what tricks it uses, just do our own thing well. We rely on market competitiveness, and everything else is just a cloud."
"Wang Sang has spoken to my heart. When it comes to market competition, the Mitsui Consortium has never been afraid of anyone."
"Heroes see the same thing!"
"Hahaha……"
The two laughed loudly, and the old fox and the little fox had a tacit understanding. What maintained the close relationship between the two parties was real interests, which was the most reliable.
Cooperation in the field of home appliances
Companies such as Sony, Toshiba and Panasonic have established production bases in China and established Sino-Japanese joint ventures, which also do not involve corporate mergers and acquisitions.
These practices are very clever, bypassing the accusations from the United States and South Korea, and are completely normal market behavior.
Americans can't find a reason to get angry, so they can only sulk in private.
Wang Yaocheng thought about it and said, "Since Samsung Group has sensed the crisis, it means that we are moving in the right direction. The international market is so big. If others take more bites, we will take less bites. It seems that the next step should be taken as soon as possible."
.”
"The Mitsui Foundation has high expectations for this and relevant talks are ready."
"In that case, let's officially start tomorrow."
"Yeah... no problem."
In addition to attending the cooperation signing ceremony between the two parties, Wang Yaocheng's main task in Japan this time is to start the second round of cooperation negotiations. The scope currently determined includes the retail industry, shipbuilding industry and electronic semiconductor industry.
If the negotiations go well, the steel industry may also be included.
in the conference room
The relaxed atmosphere of the high-level meeting between the two parties did not discuss any substantive issues. It was more about creating an opportunity for senior corporate executives to meet and familiarize themselves with each other.
Formal talks will begin the next day.
after the meeting
Wang Yaocheng returned to the hotel room and carefully sorted out the areas of cooperation to be discussed.
overall
There are not many difficulties in the second round of cooperation. The cooperation between Carrefour Supermarket Group and 7-11 Supermarket Chain Group is mainly to learn from each other's strengths and make up for their weaknesses in Southeast Asia and make some useful attempts.
In their respective base camps, the lead is almost unshakable.
shipbuilding industry
Royal Capital has acquired the Yangtze River Shipyard in Jiangsu Province and plans to establish a joint venture with Mitsui Shipbuilding to fully introduce Japan's advanced shipbuilding technology and experience and create a shipbuilding base with internationally advanced levels.
As traditional shipbuilding powers, Japan and South Korea have strong competitiveness in the offshore engineering field.
Thanks to its price advantage and high quality, the Korean Peninsula ranks first in the world in terms of order volume, delivery volume and orders on hand in the field of shipbuilding. Japan ranks second. Faced with South Korea's aggressive price competition, it continues to encroach on market share.
After learning from the painful experience, Japan set its sights on the rising mainland of China.
Cooperating with the Wang Consortium, which is deeply involved in mainland China, is a strategic move for Mitsui Shipbuilding to break through its operating difficulties and may revitalize the company.
As a global consortium
Whether it is the Mitsui Consortium or the Wang Consortium, their ocean shipping companies have a rigid demand for large ships to transport bulk cargo all over the world.
300,000-ton iron ore ships, 300,000-ton crude oil carriers, 200,000-ton dry bulk carriers, and 16,000 TEU container ships. These large orders alone are enough for Mitsui Shipbuilding to thrive!
The problem is
No matter how good our relationship is, it's not okay for the same boat to be priced much higher than others.
Royal Family Fund
Its subsidiary Swire Shipping Company is an independent listed company. As a ship owner, under the same circumstances, Mitsui Shipbuilding can be given priority, otherwise there is no need to discuss anything.
The shipbuilding industry is a traditional labor-intensive enterprise. It is almost inevitable for Mitsui Shipbuilding to set up joint ventures in mainland China to reduce costs.
Electronic semiconductor industry
The electronic semiconductor industry under the Mitsui Consortium once flourished in the 1990s and occupied a leading position in the world.
In 1990, NEC ranked first in the world semiconductor industry with revenue of US$4.9 billion, Toshiba ranked second with revenue of US$4.8 billion, Sony ranked 11th with revenue of US$1.9 billion, and Mitsui Steel ranked 13th with revenue of US$1.5 billion.
The company's total revenue exceeds US$13.2 billion.
It's a pity...when the flowers fall and the spring passes, everything will never be the same again.
to this day
14 years have passed, and the Mitsui Consortium has all withdrawn from the production of DRMA memory chips, leaving only Toshiba with some flash memory business. This is Toshiba's traditional strength, but it is now declining due to cost factors.
The Mitsui Consortium intends to sell this part of Toshiba's flash memory business to Atlantic Jinko Group to participate in Atlantic Jinko and share the steady flow of monopoly profits.
Specific details require in-depth negotiation.
For the Wang Fund, the flash memory patent pool held by Toshiba is of incomparable value. If combined with the patent pool held by the consortium, a high patent wall will be formed to prevent future competitors from entering this field.
.
The benefits are self-evident.
Wang Yaocheng is now considering the Mitsui Consortium's proposal on how to participate in large-scale resource investments.
Previously, the Mitsui Consortium's proposed investment plan for steel production companies was rejected as expected, and the Royal Family Fund had no intention of investing in the steel industry, known as the "sunset industry."
Even Nippon Steel, the world's leading steel company, has no appeal to royal funds.
Wang Yaocheng is considering the iron ore enterprise. Mitsui Consortium has been in this field for decades and has a profound foundation.
It is the major shareholder of BHP Billiton, Vale and Rio Tinto, the world's three largest mining companies, and holds a large amount of equity in the top 20 mining companies in the world. It is the invisible king in this bulk resource field.
Royal Fund has no foundation in this field at all. According to its steady strategy and its friendly relationship with the Mitsui Foundation, it should be the best choice to hold a small number of equity interests in mining giants.
It is a financial investment in the complete sense, just a little brother who gets dividends.
As a glorious reborn, Wang Yaocheng could not afford to lose that person, nor did he want to make this money.
As the world's largest importer of iron ore, China now has ore pricing power completely in the hands of the world's three largest mining companies. It is experiencing the pain of constantly plundering wool and losing tens of billions of dollars every year.
Now is just the beginning. As the domestic economy takes off, the demand for steel has increased significantly. Domestic production has exceeded the 1.1 billion tons mark, accounting for more than half of the world's production.
As a result, as mining giants increase steel prices one after another, hundreds of domestic steel companies are struggling to operate, and most of their profits are plundered by mining giants, amounting to tens of billions every year.
US dollars.
Faced with this, what can Wang Yaocheng, who cares about the motherland, do?