Tokyo Barrister: Start the law firm bankruptcy

Chapter 852 Trojan Horse

"You don't need to buy a lot, just a symbolic amount will be enough." Kitahara still had a smile on his face.

"Why do we need to buy Nippon Steel's stocks?" Shiga couldn't help but ask again. At this moment, everyone in the law firm wanted to know the answer.

"It's very simple." Kitahara continued, "When you become shareholders of Nippon Steel, you will have the legal right to know. You will be able to review the company's shareholder resolutions, board resolutions, financial reports, and even the company's account books."

"In the game with Nippon Steel, our biggest disadvantage is the lack of intelligence." Kitahara continued, "Once we become shareholders of Nippon Steel and exercise our right to know, we will be able to obtain relevant company intelligence, understand the dynamics of Nippon Steel's assets, and make the first step in preparing for the realization of our debt claims."

Shareholders’ right to know? !

No one present expected that the lawyer would come up with such a plan.

Buying Nippon Steel shares, a proposal that seemed almost absurd on the surface.

However, after considering the legal effect of obtaining the right to know about equity, it actually becomes very reasonable!

Shiga once again stayed where he was.

He was surprised by the lawyer's plan. He didn't expect it was possible!

Miyakawa and Niwa also reacted just now. Kitahara's move was really clever. No wonder he said something like the fortress was breached from the inside. It turned out that he had thought of this method to make the creditors become shareholders of Nippon Steel, so that they have the right to know. This is a clever use of Nippon Steel's legal status as a listed company.

The workshop contractors present were all experienced people. They immediately understood the lawyer's intention. In an instant, they were full of admiration. Business people always have contact with lawyers, and the lawyer in front of them, Beiyuan, is obviously completely different from the lawyers they have met in the past.

“Therefore, we have to ask you all to work together to scrape together a little extra money during this difficult time and buy some Nippon Steel shares,” Kitahara said finally.

"No problem! We'll listen to Attorney Kitahara!" Someone in the crowd shouted. Then, there were voices of agreement.

Afterwards, the contractors present began to open their brokerage software. Those who had previously contracted the Nippon Steel workshop in their own name directly opened the brokerage software on their mobile phones and bought some money. Those who had contracted the Nippon Steel workshop in the name of a company began to contact the brokerage to see if they could open an account with the company.

Soon, a strange scene appeared.

These creditors rushed to buy some Nippon Steel shares.

And the manipulator of this picture——

It’s Beiyuan.

Just like the Trojan horse in Troy, where a large number of enemy soldiers were hidden, after the defending army brought the horse into the city as a trophy, the enemy soldiers rushed out of the horse at night and captured the city.

Now, each order to buy Nippon Steel stock placed by the workshop contractors present is a Trojan horse ready to be transported into the city to attack!

Under Kitahara's plan—

This legal battle against Nippon Steel began with the Trojan Horse as a prelude...

……

…Just when Kitahara proposed taking action.

Nippon Steel, headquarters building.

The top management of this steel giant is holding an internal meeting to deal with the increasingly tense situation. Previously, Nippon Steel's financial director Nagai, managing director Kamijima, and chairman Shibata were all present.

Shibata knows that Nippon Steel is in a very difficult situation. Now, overseas buyers have cut several large orders from Nippon Steel and demanded that the advance payment be returned. Nippon Steel's cash flow is on the verge of being completely broken. In other words, it is only a matter of time before it breaks. Nippon Steel's cash flow can only last for a few months at most.

"What's the information from the bank?" Shibata looked at the financial director Nagai.

"The major banks are still discussing the issue of interest waiver," Nagai replied. "Although Minister Terada's attitude was quite tough during the last meeting, the representatives of the banks have not yet given a definite answer after returning."

Shibata frowned, "If it really doesn't work, I can only ask Minister Terada for help. We have been cooperating with these banks for so long, and they have made a lot of money. Now, our company is in trouble, but they haven't even responded to the three-month interest waiver for so long!"

Shibata was obviously very unhappy.

"Give the bank another week!" Shibata told Nagai, "If the bank doesn't respond in a week, we'll have to ask Minister Terada to take action. These financial capitals are sucking blood from our industrial capital all day long. How can this be justified! No matter what, in the face of the interests of the overall situation, their interests must give way to the interests of the real industry!"

The chairman of Nippon Steel is apparently extremely unhappy with the attitude of the major banks.

Then, he looked at the executive director, "How is the situation at the union?"

"It's still the same." Uejima said, "I met with Toyama, the secretary of the union, once before. Their main demand is to restart production at the sixth and seventh steel plants."

"Alas!" Shibata sighed, "How can we restart the operation of the two steel mills in the current situation? How much does it cost just to start the machines on the production line? The current order amount is not enough to cover the expenses of these fixed costs. We can't agree to the union's request."

"It is said that they are about to launch a strike. Is this true?" Shibata asked further.

Uejima replied, "The union is currently in a dilemma. They are also divided internally. On the one hand, the employees of the first to fifth steel mills still have production tasks and can receive sufficient wages, but the workers on leave from the sixth and seventh steel mills cannot receive any. They are therefore divided into two factions. The off-duty workers hope that some of the work shifts from the first to fifth steel mills can be allocated to them so that they can start work."

"However, if the division continues, it cannot be ruled out that the union will eventually launch a strike to resolve internal conflicts and differences."

"If we go on strike, Nippon Steel will be finished!" Shibata couldn't help but complain, "Everyone is only thinking about their own interests, and no one has ever considered the overall interests!"

at this time--

The legal director in the conference room suddenly spoke up, "Chairman Shibata, there is something we need to pay attention to. It is said that hundreds of Nippon Steel's workshop contractors are uniting and planning to take legal action against us."

"Workshop contractor?" Shibata sneered. "With such a small debt like theirs, even if they unite, they can't cause any trouble! We should contact the bank first! Do a good job with the bank!"

The chairman instructed.

(End of this chapter)