Chapter 1256: Decisive action

However, despite being frustrated, he did not dwell on it.

Before taking action, he was mentally prepared.

After all, the island country's steel and auto parts are not irreplaceable. As long as the Tiangong Automobile Group is not stupid enough to sit back and wait for death, it will definitely find a way to save itself.

The initial goal of the Toyota Motor Corporation and other automobile giants on the island was not to use this opportunity to eliminate the Tiangong Automobile Group once and for all, but to delay the Tiangong Automobile Group's market occupation as much as possible.

Moreover, how could they ignore the Tiangong Automobile Group's aggressive rush into the island country and their unrestrained expansion of 4S stores with their financial resources?

How can you allow someone else to sleep soundly on your couch?

Unfortunately, the delay did not have the desired effect, and it also provoked a counterattack from the Jiuding Consortium.

'Mitsui-kun, my attitude is to preserve Aichi Steel. I will fund the increase in equity on my side, but it is more stressful to rely on my side alone.'

'In the first half of this year, our net profit was 370 million U.S. dollars. Most of this profit has already been earmarked for a purpose, and at most, 50 million U.S. dollars can be used for the increase in equity.'

After making his statement, Shoichiro Toyoda looked at Genta Mitsui, waiting for his response.

Genta Mitsui remained silent, secretly calculating in his heart.

Aichi Steel's market value was currently just over 60 billion yen, but once a bidding war began, a surge in the stock price was a certainty.

Toyota Motor's offer of 50 million US dollars would, at a conservative estimate, be enough to buy a 10% stake.

Together with the Mitsui Group's current total stake in Aichi Steel, that would still be less than 33.4%.

And judging from Toyoda Shoichiro's attitude, he wants Aichi Steel to stabilise, so 33.4% of the control ratio and voting rights are definitely not enough to completely control the company's personnel.

This means that in addition to Toyota Motor, he will have to raise another 100 million to 150 million US dollars.

For the head of this consortium, this is not a lot of money.

But the bad thing is that there is already a precedent. The bailout of Nippon Steel has already caused losses of up to one billion US dollars for many companies, and as the stock price falls, the losses are further expanding.

This time, if he wants other companies to bail out and increase their shareholdings, other companies may not be willing to do so, and it is likely that he will have to force them to do so...

Thinking about this, Mitsui Genta felt a dull pain in his temples, and subconsciously rubbed them.

After weighing the pros and cons for a long time...

Mitsui Genta voiced his concerns: 'Toyota-kun, do you think this time, is Jiuding Securities really acquiring or just sniping?'

Toyota Shouichirou was silent, and after a moment, he slowly shook his head and said, 'I don't think we can rule out the possibility of malicious sniping, but the possibility of a real acquisition is even greater. After all, Aichi Steel is not Nippon Steel, the product types are clear, and the crude steel production is within the Jiuding consortium's digestion capacity.'

Mitsui Genta nodded slightly, and after a long pause, he said slowly, 'Toyota-kun, what do you think, this time let the island country Denso Corporation, Ishikawajima Harima Heavy Industries, and Toshiba Corporation invest in the acquisition of some equity?'

'Then you go contact the Nissan Motor Group and Honda R&D to jointly acquire the equity. Is this feasible?'

Toyota Shouichirou's face twitched slightly, and he understood the meaning of Mitsui Genta's words.

However, although there was a gap between his position and Mitsui Genta's, he was also considered to be second only to Mitsui Genta among the tens of thousands of people within the Mitsui Zaibatsu, so he was able to understand Mitsui Genta's concerns.

The financial giants within the Zaibatsu had already helped Nippon Steel a lot, and now other shareholders within the Zaibatsu were indeed complaining more, so they couldn't go too far.

As for Nippon Denso, Ishikawajima-Harima Heavy Industries and Toshiba, they all have deep business ties with Aichi Steel, so it is barely acceptable to let these companies increase their shareholdings.

As for asking him to approach other companies, it is nothing more than trying to drag these companies down. After all, the benefits of blocking Tiangong Auto Group are shared by everyone, but the pressure is now being shouldered by the Mitsui consortium alone.

Toyota Shoichiro has to do something for the consortium and get those companies to cooperate.

Even if these companies just give a symbolic response!

"It's possible!'

'I'll go negotiate with them.'

Without arguing, Shouichirou Toyota nodded with a solemn face and replied.

'Toyota-kun, I'll leave it to you then!'

After saying this, Genta Mitsui looked back at Ichiro Fujiwara.

'Fujiwara-kun, after you go back, please conduct a comprehensive investigation of the entire group to see if there are any risks. I hope we can take the initiative this time.'

Although these words were spoken in a light tone, Fujiwara Ichiro could not help but tremble inside.

He hurriedly replied, 'Yes, I am already sending someone to verify it, and I will definitely increase the intensity of the investigation when I return.'

'Hm!'

...

This time, the Mitsui Foundation was still determined to defend Aichi Steel, so naturally its actions would not be small.

Mitsui Genta called the heads of the island country's Denso, Ishikawajima Harima Heavy Industries, and Toshiba companies, and after communicating with them, assigned them different acquisition tasks according to the situation.

And Toyota Shoichiro also successfully convinced the Nissan Motor Group, Honda Motor Co., and Mitsubishi Heavy Industries to join the acquisition.

However, this time, the time was too urgent.

The goal was not completed before the market opened the following Monday.

As a result, after the stock market opened, the stock price of Aichi Steel soared.

Within an hour of the market opening, the stock price had risen 37%, and Aichi Steel's market value had soared by more than 20 billion yen to a high of 86.01 billion yen.

Such a rise made it more difficult for multiple parties to acquire shares off the market.

This time, the general public generally believed that Jiuding Securities had a good chance of success.

However, just two hours after the stock market opened,

Ichiro Fujiwara, who was in the office at Nippon Steel, saw his subordinates rush in in a panic.

He was about to lose his temper, but then he suddenly reacted, got up abruptly, and hurriedly asked, 'What's wrong? What's happened?'

'President, just now we found out through investigation that there are problems with the shareholders of Nisshin Steel, and they have all sold their shares. We suspect that Nisshin Steel is also being taken over.'

The subordinate reported breathlessly, without taking time to catch his breath.

'What?'

'Follow me to Nisshin Steel immediately!'

With that, Ichiro Fujiwara left the office in a hurry.

...

And just as Nippon Steel noticed something unusual about Nisshin Steel, Jiuding Securities also got the news.

Nippon Steel investigated the situation by contacting shareholders one by one by phone, which was fast but too simple and rude.

Many shareholders of Nisshin Steel had already transferred their shares, one of them being Sanwa Bank. Sanwa Bank's shares were even bought by Wang Qi, who was directly instructed to call Fukuhara Kazuya.

Nippon Steel's phone call reached the shareholder representative stationed by Sanwa Bank to verify the situation. After hanging up, the report was sent to Fukuhara Kazuya, and then Jiuding Securities Company learned about it.

They realised that they had been discovered.

Matsumoto Yu knew that he could no longer keep a low profile and decisively started the final stage of the plan.

At his command, Jiuding Securities began to buy heavily on the stock market.

At this time, Fujiwara Ichiro had just arrived at the Nisshin Steel Corporation's new international building at 3-4-1 Marunouchi, Chiyoda-ku, Tokyo, and he had just wanted to ask the company president about the situation when he encountered the person in charge of information monitoring in the securities department of Nisshin Steel Corporation reporting an emergency situation.

Hearing that the stock price of Nisshin Steel was abnormal and that a large institution was buying stocks like crazy in the stock market, Fujiwara Ichiro felt his scalp tingling.

The enemy struck fast, and this was someone who had been keeping an eye on them!

At this moment, he felt as if there were eyes hidden everywhere, watching his every move, leaving him with no secrets!

He didn't have time to linger at Nisshin Steel, and after urgently giving some instructions, he left in a hurry.

After half an hour of Nisshin Steel's stock being swept by Jiuding Securities, a keen institution finally discovered that the one buying the stock was Jiuding Securities!

Not only was Jiuding Securities acquiring Aichi Steel, it was also simultaneously targeting Nisshin Steel, which was in the Nippon Steel camp!

The news quickly spread, and the stock exchange was in an uproar...