It can also be seen from his actions how much Chu Huan's plan to invest in BG has affected them.
"Director Chu, I thought we were friends!"
When meeting Chu Huan, Mitsui Gaochang didn't say any pleasantries and spoke straight to the point.
Chu Huan sat on the sofa, looked at Mitsui Gaochang with a smile, and said, "Mr. Mitsui, aren't we friends?"
Mitsui Gaochang said loudly: "So, Mr. Chu, can you explain to me what's going on with Luoshui Mining in Australia? What's going on with BG in China?"
Luoshui Mining is a mining company established by Chu Huan in Australia.
Chu Huan frowned slightly and said dissatisfiedly: "Mitsui, are you questioning me?"
Mitsui Gaochang's expression was stagnant, and then he realized that the Chu Huan in front of him was no longer someone he could yell at loudly. When he was in Japan, the Mitsui family did not take advantage in the fight with Chu Huan.
Now nearly two years have passed.
The growth rate of Chu Huan's Japanese Jiaku at this time has exceeded Mitsui Takacho's expectations, especially the US$1 billion previously taken out by the Japanese branch of Alder Commercial Bank, which has successfully supported many Japanese companies.
Industry, it can be said that at this time, Japan's Jiaku has already integrated into Japan's chaebol. You have me, and I have you. It is already impossible to deal with Chu Huan at this time.
Moreover, during the past two years, two major events occurred in Japan, both of which were related to Japan Jiaku, because Japan Jiaku invested in Japan's largest securities company Nomura Securities, the largest media group Yomiuri Group, and the three parties respectively.
Cross-shareholding continues the Japanese chaebol's business policy.
However, with the cross-shareholding of these three groups, Japan Kaku has officially become one of the largest financial institutions in Japan, and it has also exerted a huge influence on Japan's media industry.
Coupled with Chu Huan's investment in Laidao Shipyard.
And this also ensures that Japan's Kaku has grown into the fifth largest chaebol in Japan after Mitsui, Sumitomo, Mitsubishi and Fuji!
"Director Chu, I apologize for my attitude just now, but since you, Director Chu, have already said that we are friends, why didn't Director Chu say hello to us when he entered the steel industry?"
Chu Huan smiled and said: "Mr. Mitsui, this is our strategic plan for the development of Jiaku. There should be no need to report it to you, Mr. Mitsui. Besides, Mitsui & Co. can do business in the steel industry. Is it possible that our Jiaku can do this?"
is it not OK?
Or is Mr. Mitsui willing to release more Mitsui & Co.’s shares to our Jiaku?"
As soon as these words came out, Mitsui Gaochang was unable to respond, but the anger in his heart was still not eliminated. The whole world knew about Mitsui & Co.’s layout in the steel industry, but Chu Huan, as the director of Mitsui & Co., was independently developing the steel industry at this time.
, or brought many rich people from Xiangjiang with him.
More importantly, for Mitsui & Co., investing in BG is one of their most important strategic plans in the future. Now, Chu Huan suddenly stole the house. No matter what Chu Huan said, the anger in Mitsui Gaochang's heart was unbearable.
eliminated.
How important is the BG project to Mitsui & Co.?
A string of data can prove it.
Toshio Domitsu, chairman of the Keidanren Federation and president of Toshiba Corporation of the Mitsui Foundation, once estimated that if Japan helps China build a steel conglomerate like BG, Japan's steel industry, machinery manufacturing industry and related supporting industries will be greatly affected.
The industry will be driven forward, which will likely increase Japan's GDP by 2%.
The raw material input, coking, sintering, ironmaking, steelmaking, and rough rolling complete sets of equipment and technologies for the first phase of the BG project were all imported from Nippon Steel.
This is not the most important thing. The most important thing is that Japan can take advantage of this opportunity to officially enter the steel market in its hometown. If the later operations are done properly, it can even develop BG into its own affiliated enterprise. By then, what will happen to BG?
Whether it is a company from my hometown or a company from Mitsui & Co., it’s hard to say!
But now everything has changed because of Chu Huan's appearance.
With the support of Chu Huan's funds, Nippon Steel is no longer BG's only choice. It can wave checks and purchase various equipment all over the world, and Nippon Steel's influence on the BG project will be reduced to
At the very least, this is what irritates Mitsui Takauchi the most.
All the layouts had the worst changes due to the appearance of Chu Huan!
"Director Chu, let's open up the sky and tell the truth. What do you think about this matter? You should know that if things continue like this, we will inevitably become rivals. By then I can guarantee your safety in Japan.
Industry, the global steel industry will suffer a devastating blow!"
At this time, Mitsui Gaonaga was already a little angry!
Whether it is the Australian Iron Ore Mountains or the BG back home, they are all strategic plans of Mitsui & Co., but now they are suddenly stolen by Chu Huan. Whoever it is is not going to feel good!
Even people like Mitsui Takacho are no exception!
Chu Huan said calmly: "Mr. Mitsui, if you can't do something, don't talk nonsense, otherwise you will be the one who will be embarrassed."
Having said this, Chu Huan stood up, looked at Mitsui Takamichi condescendingly, and continued: "Japan's business, Mitsui Takamichi couldn't hit it at the beginning, and now you Mitsui Takamichi can't hit it either, at worst, everyone will take a beating when the time comes.
The two separated, but I think if you had such courage, we wouldn't have ended the fight in a cooperative manner.
As for the iron ore mountains in Australia, they were originally discovered by our company, Jiaku. What? Mitsui & Co. is now so overbearing that it does not allow other companies to enter the iron ore mining industry?
Of course, you can also try to decide which one is Mitsui & Co., Ltd., which is stronger in Australia, or our Jiaku, which is stronger in Australia?"
Which one is more influential in Australia, Jiaku, or Mitsui & Co.?
This chapter is not over yet, please click on the next page to continue reading! In fact, neither Chu Huan nor Mitsui Takacho can give a definite answer to this matter, but one thing is certain, that is, if a conflict really breaks out between the two parties, then
The result is definitely not one side losing and one side winning, but a tragic defeat and a tragic victory.
At that time, the problem Mitsui & Co. will face is not Jiaku, but the intervention of capital from European and American countries.
At that time, that scene was definitely not what Mitsui Takaucha wanted to see.
Chu Huan could think of this, and Mitsui Gaochang could naturally think of this, so at this moment he could only breathe heavily, like an angry bull, but there was nothing he could do.
"Hmph, if we withdraw from the Huaguo BG project, even if you, Director Chu, can support more funds, I think the BG project will not be successful!"
Mitsui Takauchi could only change the topic at this time!
Chu Huan smiled and said: "Mr. Mitsui, you can only use this kind of rhetoric to explain to Nippon Steel's people when they are negotiating with their hometown. In my case, such rhetoric has no effect. Nippon Steel and
Mitsui's relationship, the things Mitsui did during the war, if this matter spreads in my hometown, then it will not be whether Nippon Steel wants to cooperate with my hometown, but whether my hometown wants to cooperate with Nippon Steel
Is it okay?"
Although Nippon Steel is not a member of the Futuki-kai of the Mitsui Consortium, in fact, Nippon Steel has a substantial relationship with Mitsui & Co., Ltd. and other members of the Mitsui Consortium through mutual shareholding, joint investment, trade agency, etc., and has formed a symbiosis of interests.
relationship, which shows Nippon Steel's status as an "associate member" of the Mitsui Consortium.
The real situation is that Mitsui & Co., Ltd. owns 20.132% of Nippon Steel Corporation... Nippon Steel Corporation is a trading company of Nippon Steel and owns more than 5% of Nippon Steel Corporation.
At the same time, Nippon Steel is an independent director of Mitsui & Co.
In terms of steel trade, Mitsui & Co. is Nippon Steel's largest steel agent trader, with an average annual agency ratio of more than 35% of Nippon Steel's output.
In fact, Nippon Steel not only has a turbulent relationship with Mitsui Consortium, but also has a similar relationship with Sumitomo Consortium.
In 1999, Mitsui Fudosan, as one of the pillar companies of the Mitsui Consortium, obtained the operating rights to the Nippon Steel Building, the headquarters building of the Japanese energy company; in 2007, Nippon Steel, Sumitomo Metal Corporation, Sumitomo Corporation, and Nippon Steel Corporation formed a new joint venture
Company; in early 2008, Nippon Steel and Sumitomo Corporation each invested approximately US$63 million to acquire 20 million preferred shares of Mitsui Mining from Sumitomo Mitsui Banking Corporation, raising their respective shareholdings to 21.7%.
Since the financial institutions of the Mitsui Foundation and Sumitomo Foundation merged in 2001, Nippon Steel and companies within the Mitsui-Sumitomo conglomerate system have formed close ties through mutual shareholdings and cooperative operations.
It can be said that just from the operating conditions of Nippon Steel, we can see what the concept of Japan Corporation is like!
In addition, regarding the BG project, Mitsui & Co., not Nippon Steel, was actually the first one to express cooperation intentions. However, due to Mitsui's wartime background, Mitsui & Co.'s direct entry into this project failed.
Only then did Nippon Steel step in!
In fact, without the emergence of Chu Huan, Mitsui & Co., Ltd. would indeed have fully entered the steel industry in its hometown through the BG project!
And step by step, we have gained more say.
Even, at a certain period of time, even BG was known as a member of the Mitsui Foundation's Futuki-kai, because during that period, the person in charge of BG would also attend the Mitsui Foundation's Futuki-kai meetings.
"As for Nippon Steel's equipment and technology, I don't think Mr. Mitsui, you think that there is only one MTR company in the world, Nippon Steel, including North American Steel, Welton Steel, Wheeling-Pittsburgh MTR, and Rouge.
Industrial companies, AK MTR Corporation... Now people from my North American company are contacting them, and they are very interested in entering the market in their hometown."
After saying all this, Chu Huanxiao looked at Mitsui Gaochang and said meaningfully: "Mr. Mitsui, if I were you, what I want to do now is not to accuse me, but to fight with me in a good manner.
I will discuss how to make Nippon Steel successfully undertake the BG project!"
Mitsui Gaochang's expression changed again. From the anger before, he was now panicking inside.
Although the BG project has not been officially launched, Mitsui & Co., Ltd. has already regarded the subsequent profits as its own company. Now I heard that Chu Huan actually wanted to persuade his hometown to switch to another company. If such a situation happens, it will inevitably
It will affect the pattern of the global steel industry.
Mitsui & Co., Ltd. will gradually lose its position in the steel industry.
"Director Chu, don't forget, you are still a shareholder of Mitsui & Co., Ltd.!" Mitsui Gaochang no longer had the arrogance he had just now.
Chu Huan said easily: "Mr. Mitsui, it is precisely because I am the director of Mitsui & Co. that I am still calmly talking to you in the face of your unfriendly attitude today.
Do you really think that I want to tell you these things just now?"
Mitsui Gaochang's expression changed slightly and he asked: "If it's not Director Chu, then what is it?"
Chu Huan said calmly: "Mr. Mitsui, if you think that the steel market in your hometown is inseparable from Nippon Steel, it only shows that you still don't understand China. In the past two years, your hometown has been constantly contacting overseas Chinese and overseas Chinese.
I don’t need to tell you the power of it, Mr. Mitsui, you should know it.
So everyone in my hometown knows about Mitsui & Co.’s plans. It is true that China’s current economy is not as good as Japan’s, but I think you can see China’s development potential, Mr. Mitsui, otherwise Mitsui & Co.
I won’t take such a roundabout way and still want to enter China’s steel market.
This chapter is not finished yet, please click on the next page to continue reading the exciting content! To put it bluntly, both parties get what they need, but you can’t be too greedy. Otherwise, the opportunities you can see can also be seen by others. As long as there are more
Connections can always be seen and captured.”
Mitsui Gaochang was deceived by Chu Huan. Just looking at Chu Huan's smile, Mitsui Gaochang was still angry and said: "If it weren't for your financial support, Director Chu, and the support from the iron mine, I think
We at Mitsui will never encounter such a situation!"
Chu Huan smiled and said: "Mr. Mitsui, if you were in my position, would you choose the same strategy as me?"
Mitsui Takacho: "......"
Chu Huan smiled and said: "Mr. Mitsui, there is no right or wrong in this matter. Everyone is for their own development. I think we all should know this!"
Although Mitsui Gaochang understood what Chu Huan meant, the discomfort in his heart still continued.
When Chu Huan saw this, he knew that Mitsui Gao had been forced to do it. Now that the big stick had fallen, it was time to give him a sweet date. Although Chu Huan had just said so much, in fact, whether it was Chu Huan or BG at this time,
They cannot do without Nippon Steel.
Putting aside the influence of Mitsui & Co. in the steel industry, in terms of technology, equipment, and talent, Nippon Steel provides the cheapest.
What Chu Huan wants to do is actually to change the layout of Mitsui & Co., Ltd. and Nippon Steel in his hometown, but it does not mean to directly reject Nippon Steel's intervention.
To put it simply, Chu Huan now needs Mitsui & Co., Ltd. and Nippon Steel to continue to enhance Chu Huan’s influence in the steel industry.
When Chu Huan also has the right to talk to Mitsui & Co. on an equal footing in the steel industry, that will be the best time to kick Mitsui & Co. away.
Of course, Mitsui Gaonaga must also understand that it is no longer possible for Chu Huan to withdraw from the steel industry and the BG project at this time, and their plans will definitely change accordingly.
In the final analysis, we must continue to maintain a relationship of both competition and cooperation!
"Mr. Mitsui, our Jiaku very much approves of our cooperation with Mitsui & Co., so if Mr. Mitsui is interested, our Jiaku can sell 5% of its shares in Luoshui Mining in Australia to Mitsui & Co.!"
This is the sweet date that Chu Huan handed over to Mitsui.
Of course, this sweet date will definitely not be given away for free!
"Director Chu, you probably don't want cash, right?" Mitsui Gaochang looked at Chu Huan meaningfully.
Chu Huan nodded, and then smiled: "I hope to exchange 5% of Luoshui Mining's shares for 5% of Nippon Steel's shares. As for the price difference, we can use cash compensation after we all calculate it!"
Mitsui Gaonaga put down all the anger in his heart and began to think about this matter. If there is such cooperation, then there is no doubt that Chu Huan's Luoshui Mining will enter the world's steel industry more deeply, but those 5 of Luoshui Mining
% shares are really too tempting!
Before Mitsui Gaochang came to Xiangjiang to see Chu Huan, he had already sent people to Australia to investigate the iron ore mountain range discovered in Jiaku. The reserves were astonishing. This was only discovered now. As for what was not discovered later, no one knew
Know how many there are.
"From now on, the steel industry will probably have to add Luoshui Mining, a force that cannot be ignored!" Mitsui Takanaga said meaningfully.
At this time, he was really envious of Chu Huan's luck. Yes, it was luck!
To discover an ore vein, it would take many years of exploration before the result is possible, but now it only took Chu Huan less than two years to discover a mountain range of iron ore with astonishing reserves.
Such luck is really hard not to envy!
If Chu Huan knew what Mitsui Gaochang was thinking, he would definitely not tell him that this was not luck at all, but something Chu Huan had seen in the mining report in his previous life.
"So, Mr. Mitsui agrees?" Chu Huan said with a smile.
Mitsui Gaonaga did not answer Chu Huan's question, but continued: "Director Chu, I think your ambition is not to reach Australia's Luoshui Mining. China's BG should have already prepared to build one in Australia.
Is it a large steel factory?”
Chu Huan laughed and said: "Mr. Mitsui is indeed a smart man, you have guessed all this!"
Mitsui Takanaga said: "A large steel company cannot only be built with money. It also requires technology, equipment, and talents. Since Director Chu has decided to enter this industry, how about we deepen our cooperation?"
"
Chu Huan asked: "Mr. Mitsui wants to invest in our steel company in Australia?"
Mitsui Gaonaga had already given up and asked Chu Huan to give up the iron ore mountains in Australia and the BG project in China. In fact, before coming to Xiangjiang, he had already guessed that this was impossible.
The real reason why Mitsui Gao came to Xiangjiang was actually the matter mentioned now.
Since there is no way for Chu Huan to leave this industry, he can only join in. Only in this way can we ensure that Mitsui & Co., Ltd. will always be at the top of the steel industry!
"That's right, Director Chu, you have the funds and connections, as well as the three shipping companies of Universal, IWC, and Wheelock. We, Mitsui & Co., have the technology and equipment. This combination can be said to be a match made in heaven!"
Mitsui Takacho preached seriously.
Chu Huan was seriously thinking about Mitsui Gaonaga's suggestion. In fact, Chu Huan also knew what Mitsui Gaonaga was thinking.
Although neither of them said it explicitly, their respective plans were well known.
What we need to see now is whether both sides can find a line acceptable to everyone in this game with a delicately balanced attitude!
As mentioned just now, although Chu Huan has a huge amount of cash and mines in Australia, in the final analysis, Chu Huan is just a newcomer in the steel industry. In the process of his development, he needs the help of time-honored brands like Mitsui & Co.
of.
After pondering for a moment, Chu Huan said: "25%, I can only give up 25% of the shares of the MTR Corporation, but at the same time, I still don't need cash for the transfer of these shares, but the equivalent shares of Mitsui & Co.!"
This chapter is not over yet, please click on the next page to continue reading! Mitsui Gaochang knew that Chu Huan would definitely agree to his suggestion, but he did not expect that Chu Huan's appetite would be so big, and the one he wanted was Mitsui & Co.'s shares.
Mitsui & Co., as the core industry of the Mitsui Consortium, had previously exchanged 5% of its shares with Chu Huan for the establishment of the Xiangjiang Branch of Alder Commercial Bank. Now Chu Huan actually wants Mitsui & Co.'s shares. If this continues,
Maybe at some point, Chu Huan will become the largest shareholder of Mitsui & Co.!
"This is impossible!" Mitsui Gaochang immediately rejected Chu Huan's request, "I can transfer the shares of some affiliated companies of the Mitsui Consortium, but the shares of Mitsui & Co., Ltd. are absolutely impossible!"
Faced with Mitsui Takaucha's rejection, Chu Huan was not surprised and said with a smile: "Mr. Mitsui, if Mitsui & Co. can't do it, I hope to obtain part of the shares of Toyota, Sakura Bank and Sony!"
Sony is not actually a member of the Mitsui Foundation's Futuki-kai, but Sony still received financial support from the Mitsui Foundation in its early stages of development. At the same time, the Mitsui Foundation also has a large stake in Sony.
As for Toyota and Sakura Bank, they are both members of the Futuki-kai of the Mitsui Foundation. Naturally, the Mitsui Foundation also has a lot of shares in these two companies!
Mitsui Gaochang looked embarrassed, and it was obvious that he was unwilling to accept this result.
Chu Huan said: "Mr. Mitsui, if you don't even agree to this condition, then I think there will be nothing left to talk about between us!"
Mitsui Takacho said in a deep voice: "Sony's shares are not allowed, and the shares of the other two companies are allowed, but each cannot exceed 5%. If you don't agree, Director Chu, then the two of us can only go to war, as you said
As you said, it’s a big deal that the two of them will fall apart!”
It's funny to say that both Chu Huan and Mitsui Takaucha know that it is impossible for the two parties to break up, but both of them have expressed such attitudes now in order to express their attitudes.
, and then achieve the purpose of allowing both parties to obtain more benefits in this negotiation!
Chu Huan pondered for a moment and said helplessly: "That's all, Mr. Mitsui, come here in person today. I will give you some face no matter what. I don't need Sony's shares, and I can just keep the shares of Toyota and Sakura Bank."
At 5%, I want to exchange the remaining shares for Mitsui Chemicals shares, but I think Mr. Mitsui will definitely not give too much shares of Mitsui Chemicals, so I have another request, that is, in the next two years
Within three years, Mitsui Chemicals will help our Jiaku cultivate some talents in this field!"
Mitsui Gaochang was not happy because Chu Huan's requirements were lowered, but more to make him wary.
The first thing that Mitsui Takaucha thought about might be that Chu Huan wanted to enter the field of chemistry.
Nowadays, just the steel industry has already made itself extremely passive. What if Chu Huan enters the chemical field again?
"If Mr. Mitsui doesn't even agree to this matter, then let's break up!" Seeing Mitsui Gao Chang's hesitation, Chu Huan also said a breakup.
"Okay, I promise you!" After thinking for a long time, Mitsui Gaochang finally agreed to Chu Huan's request, because the interests of Luoshui Mining and Australian steel companies were too tempting.
The most important thing is that Mitsui Takacho cannot give up on Huaguo's BG project.
Seeing that Mitsui Gaochang agreed to his request, Chu Huan's worries finally subsided. Mitsui Gaochang's real purpose in coming to Xiangjiang was to enter Luoshui Mining and invest in Jiaku's steel company in Australia.
And Chu Huan was waiting for Mitsui Gaochang to come because he was actually talking about Mitsui Chemical's shares and technical support!
This involves an important investment by Chu Huan in his future hometown. As long as this investment is successfully completed, the impact will be an order of magnitude change and the profits will be astronomical.
Even Chu Huan has so many properties in Xiangjiang, and the annual rent in Xiangjiang real estate is also at its peak.
That’s a profit of hundreds of billions of Hong Kong dollars!
Per year!
However, this plan is too big, and Chu Huan needs to proceed cautiously step by step.
"Haha, if that's the case, then there will be no conflicts between us. I hope there will be more cooperation with the Mitsui Foundation in the future!" Chu Huan said with a smile.
Mitsui Gaochang smiled bitterly and said: "I would rather not cooperate with you, Director Chu!"
Without Chu Huan, these projects would actually belong to Mitsui & Co. Officially, it was because of Chu Huan's appearance that Mitsui & Co. lost the industry and profits that should have belonged to them. That's why Mitsui Gaonaga said this!
Of course, Mitsui Gaochang could not have known in advance that these properties should be theirs, but in Mitsui Gaochang's opinion, there is a high chance that these properties would be theirs without Chu Huan!
"Mr. Mitsui, what you say is affecting the cooperative relationship between us!" Chu Huan joked in a good mood.
Mitsui Gaonaga asked: "Director Chu, although we have reached a consensus now, what about those companies you mentioned before?"
Chu Huan asked: "What company did I just talk about?"
Mitsui Takacho: "......"
"To celebrate the success of our cooperation, how about a drink?" Chu Huan had already stood up and downed twice as much whiskey.
Mitsui Takacho raised his glass with a complicated expression and said: "Best wishes to the future steel tycoons!"
.
Ps: Recommend a friend’s book, the author is old and the quality is guaranteed, "America: I am the Big Bull of Wall Street"
The roaring 1980s was an era when European and American stars blossomed with unparalleled splendor.