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With the successful acquisition of Kowloon Bus and China Motors, and Liu Sanquan also dealt with the dead and injured properly, Jiuding Newspaper no longer contributed to the flames, and the public opinion on the Kowloon Bus quickly dropped.

People are good at forgetting the past!

I believe that as time goes by, this matter will gradually become dusty in history, turning into a dust.

Unless there is another accident and it is picked up and exposed by a caring person, the memory can be awakened.

……

“Hey!”

“Come in!”

Hearing the knock on the door, Xia Yu didn’t raise her head, and continued to sign and issue documents. When she felt someone coming before her, Xia Yu lifted the head and found that it was Canning Fok.

Xia Yu smiled and motioned Canning Fok to sit down: “Jianning, sit down!”

“Thank you Board-Chairman!”

“Board-Chairman, this is the information you arranged for me to collect about Japan Pioneer Electronics Company. There are 28 pages in total. Please have a look!”

Canning Fok said, presenting a document in his hand to Xia Yu, and after Xia Yu took it, he sat down upright.

Xia Yu weighed the documents and said with a smile: “It seems that there is a lot of information, you have worked hard.”

“You go to work on other things first, I should finish watching it in half an hour, and you will come back.”

Canning Fok was taken aback, then got up and bowed slightly and said, “Okay, then Board-Chairman, I will go down first.”

“en!”

Ignoring Canning Fok, Xia Yu lowered his head and flipped through the information, browsing quickly, only staying for a while when encountering key information.

More and more information about Japan Pioneer Electronics Company entered his mind.

Japan Pioneer Electronics Co., Ltd. was established in 1938. Founder Matsumoto Nozomi started with the development of A-8 dynamic speakers. The company’s original name was Chamber of Commerce Electric Manufacturing Co., Ltd., but it was not changed to its current name until 1961.

Pioneer Electronics’ products have 4 prominent stages.

The first stage was the launch of the world’s first component stereo system in 1962, which became popular in the world. Because of this product, Pioneer Electronics also established sales companies in Europe and United States in the next few years, allowing Pioneer Electronics to move towards world, a Japanese company became a multinational company.

Pioneer Electronics has been listed on the Tokyo stock exchange, the Osaka stock exchange and the Amsterdam stock exchange in the Netherlands.

The second stage was in 1975, when the first modular car audio system was launched again, and it was once again welcomed by the market. In order to further develop the United States market, Pioneer Electronics Co., Ltd., with outstanding sales and outstanding performance, went public on the New York stock exchange in December 1976. .

In this way, Pioneer Electronics Co., Ltd. has properly become a well-known and solid multinational company.

The third stage was 3. Pioneer Electronics Company broke through the audio field business category. It launched the world’s first two-way addressable cable TV system in United States. With the help of the cooperation with Warner Brother Company, it entered the United States cable TV industry. market.

The fourth stage was in 4 and 1979. After acquiring most of the copyright of Philips’ LD laser disc system, the industrial LD ​​player and the home LD player VP-1980 were successively launched.

In addition to these more iconic products, Pioneer Electronics has other products and businesses, but they are not as prominent as the above-mentioned products, but there are also many bright spots.

In general, Pioneer Electronics is an outstanding electronics company, and it is also a peak company in the world audio field.

Xia Yu vaguely remembered that when he visited the Rolls-Royce Motor Group in the United Kingdom, he had heard that the Bentley Motors subsidiary purchased Pioneer Car Audio…

According to the data, Pioneer Electronics is listed on multiple stock exchanges. The highest market value is Tokyo Stock Exchange, with a current market value of 1800 yen.

According to the current USD/JPY exchange rate, the market value will be around 800 million 20 million USD after being converted into USD.

As for the equity shares structure of Japan Pioneer Electronics, which Xia Yu cares about, it has the characteristics of Japan 2’s early stage since the war, with highly dispersed individual shares and a mutually stable share structure between relatively concentrated financial institutions and industrial legal persons.

I remember that after 90 years, after a series of reform measures by the Japanese government to relax the rules, will it bring about the second structural change of equity shares, which is the disintegration of mutual shares and the rise of pure market investment shares.

So for now, Japan Pioneer Electronics Company is not at all the so-called first super major shareholder.

The first major shareholder is 3 Ryoden Electric Company, shares 5% points9.

The second shareholder is the founding family Matsumoto family, and the share ratio is 4%.

……

Then the top ten shareholders add up to 30% shares, a point 7!

Top 20 shareholders total shares 40% 3 points 4!

However, Canning Fok is very careful in data preparation, and specifically marked out the backgrounds or related backgrounds of the top ten and top 20 shareholders.

Just like the first major shareholder 3 Ryoden Electric Company, it is undoubtedly one of the core companies of the 3 Ryogo Consortium.

Among the top ten major shareholders, in addition to the 3 Ryoden Consortium camp, there are also the 3th major shareholder Tokyo 5 Ryogoku shares 3% point 3, and the ninth major shareholder 2 Ryogoku shares 3% point 2.

Therefore, 3 Ling consortium camp controls Pioneer Electronics Co., Ltd., totaling 10%, 3, accounting for the largest proportion.

Even if this cumulative shares ratio does not allow the Sanling consortium to make a decision on Pioneer Electronics’ decision in one word, but considering the partnership with Sanling Motors and other companies under the Sanling Consortium, Sanling Consortium will give the Pioneer Electronics Co. The influence is still great.

Therefore, it can be considered that Pioneer Electronics is a peripheral enterprise of 3 Ling consortium.

Only Xia Yu also knows that for peripheral companies such as Pioneer Electronics, 3 Ling consortium is not too much. If there is anything special, Pioneer Electronics has a higher market value and stronger strength!

Unconsciously, half an hour passed before Canning Fok came to Xia Yu’s office again.

Xia Yu showed admiration and praised Canning Fok: “Jianning, you have collected very detailed information, and you have been careful.”

Canning Fok said modestly: “Thank you Board-Chairman for your praise, this is what I should do.”

Xia Yu smiled and nodded, put the information on the desktop, and said to Canning Fok: “I also read the content. Although Pioneer Electronics has scattered equity shares, it is more difficult to acquire.”

“What do you think of this situation?”

Canning Fok has obviously considered this issue. He sorted out his thoughts and said: “Board-Chairman, among the top 20 shareholders of Pioneer Electronics, has 4 deep business relationships, or has a relationship with banks and insurance companies. The fund lending relationship is either the business cooperation with 3 Ling Motors and 3 Ling Electric.”

“Moreover, Pioneer Electronics also has a mutual share relationship with some of these companies. Although the share ratio is not large, the corporate legal persons are mutual shareholder and board member.”

“This also shows that these equity shares mainly serve as a cooperative link relationship, not a pure investment role, so the acquisition will be very difficult.”

“Even if the equity shares of these shareholders are acquired, it will bring hidden dangers to Pioneer Electronics, and the cooperative relationship with other companies will be unstable.”

“In addition, Pioneer Electronics is also listed on the Amsterdam stock exchange in Netherlands and New York, USA stock exchange. Some institutions in Europe and United States also hold Pioneer Electronics shares. These shares are pure shares investment, but It will also make acquisitions cumbersome.”

“Of course there are disadvantages and advantages. Pioneer Electronics is listed on a number of stock exchanges. It will also make it easier for us to secretly attract funds, and the probability of being discovered is lower.”

“If you don’t want to fully acquire Pioneer Electronics, then I suggest buying from Level 2 markets in various places in the name of multiple companies, unconsciously adding shares to the top 20 and top ten shareholders, Then, the non-business shareholders among the top 20 shareholders will acquire equity shares.”

“Pa pa pa …”

After Canning Fok finished speaking, Xia Yu’s applause followed.

“The thinking is very clear and the implementability is high.”

Xia Yu said in admiration.

Canning Fok laughed modestly and said: “Board-Chairman is a good training, but I don’t know if my ideas are in line with yours.”

Xia Yu said with a smile: “Your thoughts are in my heart. I don’t want to wholly acquire Pioneer Electronics.”

“The main or for has played a role in perfecting the industrial chain.”

“Like Pioneer Electronics’ car audio, it is what the car company needs.”

“LD player and related patents are what Tiangong Electronics needs in the future.”

“Stereo system and limited TV system are also available.”

As long as you have invested in Pioneer Electronics and have an important voice, automobile companies, electronics companies, electrical appliance manufacturing companies, and United States media companies will all have a solid supply chain in terms of product and technology supply. Don’t worry about the future. In these areas, the card was blackmailed by others, or other problems occurred.

This is the meaning of strategic equity participation!

Japan 6 major consortium relied on this model to acquire shares in companies worldwide, opening up all the industrial chains of various industries, and many possible constraints disappeared before the bud due to a small number of shares.

Xia Yu’s Jiuding Consortium has developed to the current scale and will inevitably be on the edge of major consortiums in the world. Then this strategic equity investment model is undoubtedly the most suitable. It costs little but can make a difference. effect.

Seeing that he had guessed the Board-Chairman’s thoughts correctly, Canning Fok became more confident. He smiled and asked: “Board-Chairman, what are you going to do? Please give me an order!”

Xia Yu pondered for a moment and said to Canning Fok: “Originally, it is more appropriate to leave this matter to Wang Qi of Jiuding Securities Ltd., but since you handle it, it is left to you to handle it. You also take this opportunity to exercise. To deepen the understanding of the capital market, a company must have a sufficient understanding of the capital market if it wants to develop well.”

Canning Fok’s eyes flashed the color of thinking, and solemnly nodded that he had listened.

Xia Yu continued: “The acquired equity shares will be placed under the banner of Tiangong Electronics’ wages, Tiangong Electric Manufacturing’s wages, Tiangong Machinery Group, Tiangong Automobile Group and Jiuding Securities Ltd., and the purpose is to deepen the board of pioneer electronics company. As for the influence of Directors, it’s up to you to decide on the situation, and you will report to me after completion.”

“As for capital, I will inject 200000000 million USD into Tiangong Group, and each of its four subsidiaries will be divided into 4 million USD. If there is a capital gap, you can figure out your own solution.”

“In order to facilitate your actions, I will appoint you as the agent Board-Chairman of Tiangong Group, and strive to remove the word agent as soon as possible.”

Canning Fok was pleasantly surprised. He took a deep breath and suppressed the excitement in his heart. He nodded and promised: “Thank you for the new Board-Chairman, I will not let you down!”

Xia Yu crossed her palms, leaned forward, and smiled and asked, “Do you have any questions?”

Canning Fok thought about shaking the head and said, “No more!”

Xia Yu slightly nodded said: “That’s OK, you go work!”

“Board-Chairman Goodbye!”

After speaking, Canning Fok bowed slightly and exited the chairman’s office.

Seeing Canning Fok’s fighting spirit after going out, Xia Yu smiled.

He has been watching Canning Fok’s performance. Whether it is assisting him in handling affairs or operating Tiangong Electronics, he has performed very well. The spoiling things through excessive enthusiasm he was worried about did not happen.

That’s why he will take advantage of this opportunity to safely burden Canning Fok and continue to help him grow.

I believe that Canning Fok can become a capable man with complete peace of mind and trust without having to spend how many years!

PS: Today 2 is more than 7000 words, which is not bad, so I have the courage to ask everyone for a monthly pass.

Today, when I saw the author’s remuneration list, I was unable to bear wa’ed and cried, so sad!

In addition, I call on friends who watch pirated copies to support the original version. Don’t you know that the book review section has a fan rating? With the title of trainee and first-level in the comment area, em… imagine that picture for yourself

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