Chapter 227: Premium also (please ask for a ticket)

Sony only rented an office in Modu, set up an office, and did not open a branch. They attacked the Chinese market in an all-round way, waiting 96 years later. The chapter update is the fastest [Feng \ / Phoenix \ / update please search]
At the office of Sony, Feng Yu was disappointed. This is not like the office of the world's top companies, and even less spacious than the office of Bingcheng Machinery Company.
This is the difference of ideas, the European countries and other European countries, will get a large office, spacious and comfortable, and Asian companies such as the island countries, as much as possible use of space, after all, the island country in the first two years is the world's highest price of the country, the future of China's summer High housing prices are completely incomparable with the island countries of the previous two years.
At this time, Sony also tries to reduce office expenses. Even the record of recruiting new employees every year will be suspended. They can only guarantee that they will not lay off employees this year.
The island company has a very interesting rule. Some of the state-owned enterprises are similar to our post-restructuring state-owned enterprises. After the first contract is more than ten years later, the second contract is the life-long system until you retire. As long as you don't have serious mistakes in your work, you will never be fired.
And there is a tradition in such companies. After marriage, the salary of male employees will generally nearly double. The reason is to support your family and let your wife take care of the family at home full time. If you still use the family as an excuse, it is not good. Work, they can dismiss you.
How will they do once the economy is not good? First, the
temporary workers
were dismissed, not the employees of the life-long contract, among which the foreign employees were mostly foreigners, and among the foreign employees, the majority were Chinese. Secondly, I made a speech with a strong voice, explaining the company's predicament, asking employees to resign, and they will also send a reasonable compensation. Aiwa dismissed the employee in 1987, using this trick, more than 3,000. People have become a thousand people.
Feng Yu and others sat down, and Dahe Dianxiong gave people tea. Then he said: "Mr. Feng, before I talk, I want to hear how much you know about aiwa."
Feng Yu said about what he had learned. Of course, he did not say that aiwa would achieve extraordinary achievements in two years. Just say that aiwa has a history of scenery. He hopes to lead Aiwa out of the woods and share a bright future.
Dahe Dianxiong frowned and led? Does this Chinese want to be the president of aiwa? However, according to their contract with Sony and Aiwa, although Sony’s equity is more than 50%, it is only a shareholding. The president of aiwa is still Liu Shengwei, who has the right to operate independently.
Hearing the explanation of Dahe Dianxiong, Feng Yu deliberately frowned. "So? You are not the controlling shareholder of aiwa?"
"No, we only account for more than 61% of the shares, which is not absolute control, but the president of aiwa is very capable, so Mr. Feng does not have to worry about losing money after buying it."
"Is it? How did I hear that Aiwa was under his leadership and gradually went downhill? Now it seems that there are billions of yen in debt?" Feng Yu asked.
Dahe Dianxiong was a bit embarrassed, but I didn’t expect Feng Yu to know. That's right. Although aiwa's operation has improved a bit, it still has high debts. A company's liabilities are several times the company's market value. This is hard to believe, they can tide over the difficulties.
If it was not for market considerations, Sony had already withdrawn. However, Liu Shengzhen threatened him. If Sony did not give capital injections, then they would find a company to invest in the company, and the agreement between them on the monopoly market would naturally be void!
"Mr. Feng. There are two banks, holding about 6 percent of the shares of aiwa. Together with our shares, it can reach 67 percent. You can fully control this company. If you want to manage, how can you manage it?"
Feng Yu showed a satisfactory look and continued to ask: "So, Mr. Dahe agreed to sell the shares of aiwa to me?"
Dahe Dianxiong said something awkward: "Before talking about this, I want to talk to Mr. Feng about another thing. Since Mr. Feng likes to use the Walkman, what do you think is the best player in the world? Do you have any good Walkman in China?"
I rub. So shameless, is this for me to praise you?
In the past, I heard that many companies even believe that their brand is the best when they sell their brands. They just don’t like it for the time being. If the other party doesn’t boast, he won’t even sell it. For example, Volvo, it was an
ilveyu
that agreed to sell. To Geely.
Feng Yu did not expect that the island people are like this, but in fact the currently recognized best sound quality Walkman is aiwa, followed by Sony.
Feng Yu said very uncomfortably: "Sony first, aiwa may be ranked in the top three. As for our country, there is no good quality at present."
Because of the involvement of anti-spyware, the Chinese recorder was only a sound player, and there was no recording button at all. Now the conditions are relaxed, but the small-sized equipment of the Walkman is still not compatible with the recording function. As for the recording pen, it is a professional tool that can be found in the national and security departments!
"Mr. Feng, I didn't mean to devalue you in China. But Sony and Aiwa are indeed the best Walkman brands in the world. We have an agreement with Aiwa, market alliance, healthy competition, and exclude brands such as squats from the Walkman. Outside the market. So before we sell the shares of aiwa to you, I hope to renew this contract with you!"
Renewing the alliance agreement? Feng Yu is not allowed. If Sony really uses the money to grab the market, although Sony will lose more, but aiwa can be completely finished.
Feng Yu is now a little bit of money, and there is still a big gap with Big Mac. Didn't watch Sony only join Aiwa, you can compete with a number of large electronics companies such as Her Majesty, Sharp, and have the upper hand.
At present, the Walkman market is a three-point world, Sony boss accounts for about 40%, aiwa second child, accounting for about 30%, other companies are divided into other 30%.
"Brand alliance, this, well, I can promise. Mr. Dahe has other questions? Can we talk about the purchase price?" Feng Yu pretended to hesitate, and he readily agreed. Just kidding, don't promise to be stupid.
After two years, you Sony regrets, because the Walkman market is not a three-point world, but the aiwa family is dominant, accounting for more than 50% of the market share!
"Twenty million dollars, I can convince shareholders to sell all the shares of aiwa held by Sony to you."
20 million US dollars? Rub, really when I don't know the market value of aiwa. Feng Yu can accept the premium, but will never accept a premium more than three times!
"Mr. Dahe, aiwa's current debt is not low. If you remove the debt, I can accept it for 20 million US dollars. The market value of aiwa is less than 1.2 billion yen. How do you calculate 20 million US dollars? If the debt is also counted on me, then five million dollars is the highest price I can get!"
According to the proportion of shares, Sony's aiwa debt is more than 15 million US dollars, and the stock is worth nearly 6 million US dollars. Feng Yu's price is also relatively low.
Dahedian smiled and smiled: "Mr. Feng, we can't afford the debt. Our company's financial pressure is also very big, but the five million dollars is too low. Below the share price of aiwa company, we can't accept it anyway. How about $10 million, I can convince the shareholders meeting to sign up with you as soon as possible."
"Mr. Dahe, can you really guarantee to convince shareholders?"
"The guarantee is no problem." Da Hedian eagerly thought that you didn't know how much the shareholders wanted to get rid of these bad assets. At the beginning, I proposed to acquire and reinvest aiwa twice. As a result, the company lost money for years and was miserable by those shareholders.
"Then I add a little more, six million dollars."
The two really want to buy, one wants to sell long ago, and talks very smoothly. In less than an hour, the final price was determined, at $7.2 million.
The premium is more than 20%, but compared with the fierce earning ability of aiwa in the past two years, Feng Yu earned a lot! (To be continued.)
p:&nbp;&nbp; The third is sent, thanks to Mr. Liu Zhi, the ghost of the Emperor Wu, thank you for watching the pirated version of the monthly ticket for 8 years. There is a book book shortage, you can look at the works of Mr. Liu Zhi, the old author in our group, and his books have always been chased by the old four.
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