Rebirth: Japanese investor

   Chapter 481 Mitsuha Bank

   At seven o'clock in the evening, Masayoshi Kishimoto was already sitting in one of the best private rooms of the Kilo Premium Japanese Restaurant. When he waited until the door was opened again, Yamada Miku walked in with the two men personally.

   One of the two men is older, entering old age, and the other is much younger, entering middle age. They were exactly the people Kishimoto Masayoshi wanted to meet.

   The two men sat cross-legged in front of Masayoshi Kishimoto. Before they sat down, Masayoshi Kishimoto, who was sitting and didn't get up, bowed deeply.

  In Japan, the elders take the initiative to bow to the younger ones, which can only show that this person has a higher social status. They stood upright, with serious expressions on their faces.

  Even though the dishes were served on the table one after another, and the wine was filled by Yamada Mirai himself to the empty glasses in front of them, they did not let the two relax.

   They are very clear in their hearts that tonight's meal can be described as a veritable Hongmen banquet. Even so, it had to be the last fight.

  The old man suddenly moved backwards, and directly bowed to the tatami with both hands and said, "Please let us Sanye Bank go!"

   Afterwards, the middle-aged man on one side also imitated the appearance of an old man, and also bowed his hands on the tatami and said, "Please."

   "If what you do is really useful, then why should I bother?" Kishimoto Masayoshi completely showed a sense of indifference.

  In the world of capital, the law of survival is the law of the jungle. The reason why I stared at this small bank called Sanye is to integrate and improve my current financial chain.

  Hard Gold Capital is his entrepreneurial work and is currently the largest wholly-owned subsidiary of the Hard Gold Group. Hard Gold Capital is actually an investment bank, referred to as an investment bank.

  In Japan, investment banks often appear in the form of securities companies. At the beginning, Miyazaki Longjing entered a medium-sized securities company after graduating from Waseda University, not because he was the last among the graduates of Waseda University, but the leader.

   That is a job that needs to go through layers of selection and successful people who have passed five hurdles and six generals. After all, investment banks in the financial field are extremely difficult to enter.

   However, the other party's luck was not very good. They encountered the Asian financial crisis in 1997, so the original company went bankrupt.

  Before this, the most famous Yamaichi Securities also went bankrupt. Although the bankruptcy of Yamaichi Securities was not directly related to the Asian financial crisis in 1997, it was also because the last straw broke the donkey's back.

   The root cause of Yamaichi Securities' real bankruptcy is that the economic bubble that began to collapse in the late 1980s in Japan brought huge losses to it.

  In 1989, Yamaichi Securities and Banwa Kogyo conducted illicit securities transactions again, which was also to make up for the concealed losses.

   In January 1992, Yamaichi Securities' losses had reached 109.3 billion yen. In December 1996, another 150 billion yen was lost due to the handling of bad debts.

In July of the same year, under the compulsory search of the Japan Securities and Exchange Commission and the Tokyo District Prosecutor's Office, it was found that Yamaichi Securities had provided illegal funds to the "headquarters" with a gangland nature, resulting in the arrest of the general manager of Yamaichi Securities. .

   At the end of August, 11 senior executives, including Chairman Xingping and Manager Miki, resigned, discrediting Yamaichi Securities in the eyes of customers.

  The US Moody's Corporation also declared that its bonds had no credibility. So far, Fuji Bank, the closest ally of Yamaichi Securities Co., left it. Without the capital injection of Fuji Bank, Yamaichi gradually came to an end.

  Mitsuba Bank is a small bank located in Nakano District, but it is a commercial bank. There are essential differences between investment banks and commercial banks.

  In the process of playing the role of financial intermediary, investment banks are financial intermediaries for direct financing, while commercial banks are financial intermediaries for indirect financing.

  Large commercial banks or all-round commercial banks will also carry out investment business, that is, to play the role of investment banks.

  General small commercial banks generally do not have this business item, that is, their own capital is not enough to support them to carry out such high-risk and high-return business, even with a long investment time period.

  Once the investment fails, it will directly affect the safety of its own liquidity funds, and there will be a run on it. This is also what commercial banks are most afraid of.

   Their main financial project is to absorb deposits from depositors large and small, and then lend the deposits through the credit department to companies or factories that need funds, using the interest difference to make a profit.

Furthermore, it is to sell financial wealth management products to some depositors of the bank to earn commissions, and to use the funds of depositors to trade stocks, negotiable securities, foreign exchange, gold, futures to a certain extent... Or, there is a lack of funds among peers. , use the overnight rate to make a profit and so on.

   Kishimoto Masayoshi is to forcibly eat the Mitsuha Bank and take over with the big bully and the small. At this moment, the two men in front of him are worshipping, one is the president of the three-leaf bank, and the other is the special service of the three-leaf bank.

   Kishimoto Masayoshi picked up the sake on the table and drank his head up: "Let's talk about the most practical things!"

   "Our Sanye Bank did not lose money. You are a hostile takeover." The president of Sanye Bank stood up and said with courage.

   "I have never denied that my behavior is a hostile takeover. There are two ways to force me to give up. One is MBO, which is a management buyout.

Another method is the white knight (when the company becomes the target of other companies, it is usually a hostile takeover. In order to prevent the occurrence of a hostile takeover, the management of the company looks for a "friendly" company to merge, and the "friendly" company The company is known as the "white knight".

Generally speaking, the acquisition of "white knights" supported by management has a high probability of success, and the company's managers can even become "white knights" themselves with the support of institutional investors and turn to management acquisition). "Kishimoto Justice made no secret of it.

   He paused for a while when he said this, his right index finger was erected, and then he said: "I remembered that the two of you have worked hard for the three-leaf bank for many years.

There is also one more choice for the two of you, that is, the golden parachute (also known as the golden parachute, which means that as the senior management of the enterprise, after losing their original jobs, the company provides them with rich economic protection, which was first produced in the United States. .

   "Gold" means generous compensation, and "parachute" means executives can make a smooth transition that avoids the shock of a change in company control.

   This strategy of causing the acquirer to “bleed a lot” is one of the “poison pill plans” for anti-takeovers. The principle can be extended to apply to the termination compensation for various reasons of the operator. These compensations include stock options, bonuses, severance pay, etc. ). "

   (end of this chapter)