Chapter 322 Repurchase of Shares
Masao Ishihara met Lee Kwang-soo again at the headquarters building of the South Korean Maru Group. Naturally, there were polite bows and greetings between each other.
Masao Ishihara stood upright and raised his hand to signal. Shota Nakano immediately understood it and quickly sent a paper bag in his hand towards Lee Kwang-soo.
Masao Ishihara understates: "2 bottles of Karuizawa 21-year single malt whiskey."
Lee Kwang-soo took the paper bag from Shota Nakano's hand, and handed it to the hand of his beautiful female secretary and said, "President Ishihara, you are so polite. Please here."
Masao Ishihara walked towards a conference room with him. The people from both sides were able to sit down on the left and right of the large conference table.
Lee Kwang-soo didn't beat around the bush and said straight to the point: "Our company is willing to acquire some of the shares of Shinlu Group at a suitable price."
Masao Ishihara was not surprised at all about his request. Just yesterday, both sides had some tests on the main topics today.
Masao Ishihara understood that all the shares of the Malu Group in his hands were circulating shares in the secondary market. Logically speaking, if you want to cash out, you can sell them directly on the stock market.
As long as the amount sold at one time does not exceed 5% of the total, there is no need to make a relevant public announcement three days in advance.
The Maru Group wants to repurchase some of the circulating shares in the secondary market from its own hands. On the one hand, it is to avoid causing various speculations in the market, which is completely conducive to stabilizing the stock price. On the other hand, it is to reduce Japanese capital. To be precise, it is the potential threat from Karuizawa Group to itself.
It’s not unclear that Karuizawa Group is not just a multinational big-hand enterprise, but also a thriving and prosperous multinational big-hand enterprise.
Karuizawa Group owns a lot of stocks of the Maru Group, or circulating shares in the secondary market. This will be subject to the other party to a certain extent.
At the beginning, the Maru Group did not want to provide Karuizawa Group with South Korea's sales channels, but was threatened. If the Maru Group did not provide South Korea's sales channels, the Karuizawa Group would sell its stocks in large quantities, which caused market investors to panic about the Maru Group.
In this way, the stock price of Zhenlu Group will inevitably cause a sharp drop and affect its reputation. The higher the credibility of a company, the lower the financing cost. Commercial banks and other financial institutions will give great discounts on loan interest rates.
On the contrary, the worse the reputation of a company, the higher the financing cost. Commercial banks and other financial institutions either do not provide loans or significantly increase loan interest rates.
It was precisely because of the same expectation that Maru Group was forced to agree to the condition proposed by Karuizawa Group.
Nowadays, the Malu Group has recovered so naturally wants to eliminate such a threat. After all, the Malu Group does not have a stock of Karuizawa Group, and it is completely impossible to deal with it.
Even if you want to secretly acquire the shares of Karuizawa Group in the secondary market, you cannot do it at all. Karuizawa Group is not a listed company at all.
Furthermore, it is also a completely unfeasible way to quietly acquire stocks from other shareholders of Karuizawa Group. Masao Ishihara has control over Karuizawa Group that cannot be shaken.
The Karuizawa Group's Yamaguchi Prefecture Iwakita City Otter Sake Brewing Factory, Hokkaido Ice Brewing Factory, and Taiwan Yuanda Trading Company have a joint venture.
In the first two, he has 80% of the shares, and the second one, as high as 90% of the shares. All three companies have achieved absolute control.
As for other liquor companies, he achieved 100% holding. This left Zhenlu Group with no chance to take advantage of it.
When Masao Ishihara was silent, Oda Ryunosuke and others felt that the request of Malu Group was extremely rude. They were all waiting for the president's flattery to refuse.
In their opinion, if necessary, Karuizawa Group should also increase its investment in the stocks of the Matsuru Group and increase its voice.
Masao Ishihara chuckled and said, "I can not only come completely at President Li's request, but also completely clear the stocks of Shino Group."
As soon as this statement was made, not only Lee Kwang-soo and others were shocked, but they did not expect that the other party would be so straightforward, but even Xiaolong Nosuke and others were also surprised.
Lee Kwang-soo quickly calmed down. He originally expected it to be a very difficult business negotiation. This was mainly focused on the price of repurchase per share and how many shares it was.
He now came to a conclusion based on his years of business sense that something strange will happen. Could it be that Karuizawa Group encountered a cash flow crisis?
Otherwise, it would be so straightforward to what Ishihara Masao agreed to. However, it is unlikely. If the other party really encounters a cash flow crisis, and agreeing so readily would be like showing off all the cards?
He absolutely did not believe that the young man in front of him would be so stupid unless the other party was really an unqualified heir. The personal information about Masao Ishihara that he had had had had had had already shown the other party's extraordinaryness.
Otherwise, Karuizawa Group would not have been able to grow from a small winery to this level in just a few years.
Lee Kwang-soo said seriously in English: "President Ishihara, are you serious?"
Masao Ishihara put away the smile on his face and answered seriously in English: "Serious."
The conversation between the two started with their respective translators and now they communicated directly in English.
Masao Ishihara's right index finger stood up and said, "But I have a small request."
When Lee Kwang-soo heard him say this, his doubts and wonders disappeared. If the other party had no conditions, would it be so straightforward?
"I've heard that there is a brewery called Haite in Masan City, Gyeongsang-do, South Korea. If President Lee can help me achieve absolute control of this brewery, I will be as you wish.
I only accept the method of equity replacement. If the insufficient part is paid, I will use cash to make up for the extra part. If the extra part is paid, you will use cash to make up for it. I need to own at least 60% of the shares of Hit Beer.”
Masao Ishihara knew that Koreans had a national complex for Korean soju, which is their own national liquor. Not to mention letting foreign capital take control, even if it was to let foreign capital invest, it would be a great shame.
Chapter completed!