Chapter 194

"If I have the chance, I will go to Xiangjiang!"

After reaching an agreement with Yamashina Makoto, Yamashina Makoto was set to return to Japan, and Ning Winke was also preparing to leave; Li Dongling said this to her.

Ning Winke looked at Li Dongling and nodded, then waved her hand, got into the car, and left.

Watching Ning Winke's car drive away, Dongling High-Tech began to get busy; Ren Yuefeng prepared to personally head to Xiangjiang and Japan to handle this matter.

Ren Yuefeng had spent many years in Xiangjiang and was most familiar with that area; he prepared to recruit and assemble a trading team for Dongling High-Tech in Xiangjiang to acquire Wan Dai's stocks.

On the other side, he needed to make contact with several Japanese banks to borrow funds; in this regard, there was actually no need to worry too much. Given Dongling High-Tech's current reputation, if they were to borrow from those Japanese banks and financial groups, the other party would never refuse the loan, even if they knew clearly that the money borrowed was to be used to acquire Japan's Wan Dai!

In fact, those Japanese banks and financial groups were eager for Dongling High-Tech to borrow more. Since Dongling High-Tech's inception and rise, not to mention domestic ones, countless foreign banks, financial groups, and investment institutions had wanted to invest in Dongling High-Tech. However, the two consecutive blockbuster projects—the digital pet machine and the Shenzhou telephone—had allowed Dongling High-Tech to shed its financial pressure, and it had no need to sell equity in exchange for investment.

If Wan Dai could give Japanese banks a chance to obtain Dongling High-Tech's equity, those Japanese banks and financial groups would be eager for Dongling High-Tech to borrow more money, and then have the invested Wan Dai become a mess, dragging Dongling High-Tech into that mess, so that they would have a chance to obtain Dongling High-Tech's equity.

Therefore, in this wave of borrowing from Japanese banks and financial groups, the other party would likely be generous. With the support of these local powerhouses, the acquisition of Wan Dai's equity could proceed more smoothly, and the pressure would be significantly reduced!

Ren Yuefeng was a decisive person; upon arriving in Xiangjiang, he quickly assembled a trading team, then led the team to fly to Japan to begin contact with banks like Mitsubishi Bank of Japan.

"Li Zong!"

After Li Dongling picked up the phone, Ren Yuefeng's voice came through, "Japan's Mitsubishi is willing to provide Dongling High-Tech with a loan worth 300 million USD, but the other party requires Dongling High-Tech to use 6% of its equity as collateral!"

This loan amount was already quite substantial. In this day and age, it was not yet a trend for domestic companies to borrow from overseas institutions, and those who could borrow money were even fewer.

Hearing Ren Yuefeng's words, Li Dongling let out a laugh. Mitsubishi Bank had clearly calculated it; requiring Dongling High-Tech to put up 6% of its equity as collateral clearly placed Dongling High-Tech's valuation at around 5 billion USD!

Mitsubishi Bank being able to give Dongling High-Tech a valuation of 5 billion USD was a valuation combining Dongling High-Tech and Feiyan Technology. Converted into RMB, that was 40 billion. Placed on the A-share market, it was two or three times the valuation of Shanghai Petrochemical, which currently had the highest market value in the domestic A-share market!

If this valuation given to Dongling High-Tech by Mitsubishi Bank were to get out, it would likely cause a sensation throughout the country, higher than the combined market value of the three companies currently ranked in the top three of the A-share market: Shanghai Petrochemical, Maanshan Iron & Steel, and Sinopec Oilfield Service.

Of course, this was just a valuation, but Mitsubishi Bank being able to give such a valuation was enough to show how highly overseas institutions regarded Dongling High-Tech; otherwise, they would never have given such a high valuation.

"Agree to Mitsubishi Bank, but make sure to write in the agreement that this loan is a long-term loan of three years or more. Also, repayments only need to be made in Japanese Yen; there is no need to use USD or other currencies to repay!"

Li Dongling gave instructions to Ren Yuefeng on the other end of the phone. Dealing with that group of overseas institutions required caution and prudence; it had to be written down in black and white to avoid any funny business.

While Dongling High-Tech was constantly busy, Yamashina Makoto, having returned to Japan, also began to cooperate.

"The digital pet machine has indeed experienced sluggish sales; currently, there is inventory worth 370 million USD in machines that cannot be sold!"

Yamashina Makoto accepted interviews from media outlets like Japan's Asahi Shimbun and Nihon Keizai Shimbun, directly dropping a bombshell.

"Next quarter, it is expected that losses may exceed 600 million USD, but we are finding ways to remedy this!"

"The loss is only temporary; I can guarantee that Wan Dai will not go bankrupt!"

At the end of the interview, Yamashina Makoto even bowed in advance to those investors who had bought Wan Dai stock and were preparing to curse him, expressing his apologies.

Yamashina Makoto's interview was equivalent to directly lifting the lid, confirming that the rumors were all true; Wan Dai had indeed played itself out regarding the digital pet machine.

The consequence of this was that Wan Dai's stock price, which had finally shown signs of stabilizing that day, flashed and crashed during the trading session. Various investment institutions and even shareholders began desperately dumping Wan Dai's stock.

Wan Dai's market value fell from 3.6 billion USD that day to below 1.9 billion USD at one point. It wasn't just Wan Dai; the entire Japanese entertainment sector, including gaming, toy, and manga stocks, was dragged into a flash crash, with stock prices falling across the board that day. After all, no one knew if this was just a massive loss for Wan Dai alone or if the entire Japanese entertainment stock sector was finished; running away first was definitely the safest bet.

"Make Yamashina Makoto step down!"

"He is the stupidest professional manager in Japan!"

"A spendthrift among Japan's second generation!"

Last year, the Japanese media had praised Yamashina Makoto to the skies after Wan Dai acquired the digital pet machine project; now, they were spraying him just as fiercely.

Those who had suffered heavy losses because they bought Wan Dai stock were cursing Yamashina Makoto in all sorts of ways. Even investment institutions and Wan Dai shareholders were extremely dissatisfied with Yamashina Makoto and began listing his various dark histories.

Wan Dai's stock price had indeed fallen to a miserable state, but Yamashina Makoto was also under immense pressure. He didn't know how many chips Dongling High-Tech had actually gathered, and he felt he was almost unable to hold on.

After the market opened the next day, Wan Dai's stock price plummeted again, but it was pulled back up during the trading session. At this point, experienced veterans could see that someone was acquiring Wan Dai's stock, but near the close of the market, Wan Dai's stock was smashed down again.

When acquiring stocks of a listed company in Japan, one does not need to issue an announcement or make a bid on the same day when the acquisition exceeds 5%; it is sufficient to report to Japanese securities institutions within five days. Therefore, "secretly" acquiring 30% of a company's equity is possible, provided that the acquired side is willing to cooperate.

Dongling High-Tech's foundation in Xiangjiang was not prepared to actually acquire that much of Wan Dai's equity, nor did it have that much money.

After several days of repeated trading, Dongling High-Tech stopped after obtaining 15% of Wan Dai's equity, and Ren Yuefeng began to head to the Wan Dai company.

Today was the day Wan Dai was holding its board meeting. Everyone felt that Yamashina Makoto's stepping down was a certainty. Causing Wan Dai to lose hundreds of millions of USD and having the stock price fall so miserably—even if he was the biological son of Wan Dai's founder, it was time for him to get out.

……

"Yamashina Makoto, you are someone we watched grow up. You surely don't want Wan Dai, which your father spent his whole life building, to be destroyed in one fell swoop, do you?!"

Inside the Wan Dai board meeting, the atmosphere was already tense. The person speaking was Binshan Xing, who was pushing for this Wan Dai board meeting and wanted to drive Yamashina Makoto away. He was also an old official of Wan Dai and one of Wan Dai's minority shareholders.

During the time of Yamashina Makoto's father, Binshan Xing had been loyal to the Yamashina family and had not shown any signs of being a traitor.

But now, Binshan Xing had gathered a group of Wan Dai shareholders, totaling 25% of Wan Dai's equity, wanting to drive Yamashina Makoto out of Wan Dai and replace him with someone Binshan Xing favored to take charge of Wan Dai, which also meant that from then on, there would be no Yamashina family in Wan Dai.

Yamashina Makoto was anxious, not knowing what the situation was with Dongling High-Tech and whether they could arrive on time today.

But he couldn't show it and still had to stall Binshan Xing. Currently, Yamashina Makoto, plus the equity held by a group of supporters, only had less than 16% of Wan Dai's equity. If a vote were taken now, he would lose for sure.

"If my father knew you were this kind of person who bites the hand that feeds them, he would never have let you enter Wan Dai in the first place!" Yamashina Makoto said with a cold sneer at Binshan Xing.

Binshan Xing was not annoyed. "Yamashina Makoto, I have always respected your father. In fact, I think everyone here today feels the same, but we also do not wish to see Wan Dai collapse just like that!"

Having said that, Binshan Xing stood up directly and said, "I think now, we should begin the board vote for the new generation of Wan Dai president!"

"I support..."

Before Binshan Xing could finish speaking, the conference room door was pushed open, and Ren Yuefeng, dressed in a suit, walked into the conference room. When Yamashina Makoto saw Ren Yuefeng, a look of joy couldn't help but appear on his face, and he let out a long sigh of relief.

"I, representing Wan Dai's largest shareholder, Dongling High-Tech, announce support for President Yamashina Makoto to continue serving as Wan Dai president!"

In the stock market, Wan Dai's stock, which had been lifeless, suddenly began to be pulled up, attracting the attention of countless people, watching as Wan Dai's market value was pulled from 1.7 billion USD all the way to 2.1 billion USD!

At this time, many people thought that Yamashina Makoto had been driven out of Wan Dai and that a new Wan Dai leader had taken office, which investors favored, hence they were buying Wan Dai's stock.

But the news that subsequently came out of Wan Dai left the entire Japanese media industry in an uproar. At the board meeting held by Wan Dai, Yamashina Makoto, with the support of his confidants and supporters, successfully kept his position as president with a vote of nearly 34% of the equity!

This news was truly too shocking. Yamashina Makoto had actually overturned his opponents and remained at Wan Dai, preserving the Yamashina family's foundation, which exceeded everyone's expectations.

This turn of events truly left many people watching this big drama wondering how Yamashina Makoto had managed to turn the tables.

But subsequently, the media dug up an even more explosive piece of news from within Wan Dai: Dongling High-Tech, that company from the mainland that developed the digital pet machine, had actually become Wan Dai's largest shareholder!

And Yamashina Makoto being able to keep his position was also related to Dongling High-Tech!

"Dongling High-Tech from the mainland becomes Wan Dai's largest shareholder with a 17.7% stake!"

Nihon Keizai Shimbun was the first to break the news of Dongling High-Tech becoming Wan Dai's largest shareholder. Subsequently, this news began to spread wildly in the Japanese media, and the more it spread, the more bizarre it became; headlines like "Dongling High-Tech acquires Wan Dai" were even being printed.

(End of chapter)