Tokyo Barrister: Start the law firm bankruptcy

Chapter 860 Who is the strategic investor?

At this critical moment, Tanimoto resorted to the tactic of procrastination.

Miyakawa and Niwa both frowned slightly. After all, the other party's lawyer was right. The law did not stipulate that the company had the obligation to respond on the spot.

Hearing what Tanimoto said, the contractors present all expressed their dissatisfaction. Some whistled, others shouted, "Stop delaying." Some even pointed at Nagai and cursed him, calling him a heartless guy who had delayed the payment for so long.

"When you respond is your internal matter," Kitahara continued. "But I will tell you. First, we will report to the police that you have illegally occupied our contractor's production equipment. Second, we will also file a lawsuit to recover the outstanding balance you owe us. Third, we will also file a shareholder right to know lawsuit, requiring you to disclose relevant company operating materials to us in accordance with the law."

One police report, two lawsuits.

Kitahara is putting pressure on Nippon Steel.

Nagai, who was standing next to him, looked a little strange, with cold sweat on his forehead. He had never expected that a group of workshop contractors could cause such a commotion.

"You must stay calm and don't be scared by a few words from the other side's lawyer." Tanimoto hurriedly whispered to Nagai.

However, having said this, Nagai couldn't possibly panic in his heart.

As the company's top financial officer, he was well aware of how serious Nippon Steel's situation was.

Nippon Steel is currently negotiating new financing plans with its major banks.

If so many legal disputes arise at such a critical juncture, it will be extremely disadvantageous to Nippon Steel.

"Actually, our requirements are very simple." Kitahara said with a smile.

At the beginning, both Tanimoto and Kitahara maintained their professional smiles.

But, in the end—

The one who still maintained this smile was Kitahara.

Nagai had to take a closer look at the young lawyer. He originally thought that it was just a bunch of small contractors making a scene, but now that they had the help of a lawyer, he was afraid that everything might not be so simple.

Kitahara's voice continued, "We are simply asking Nippon Steel to take seriously the claims of our workshop contractors. If you continue to play dumb and are unwilling to show true business spirit to negotiate with us and deal with these pending payments, then we will have no choice but to take up legal action to protect our rights."

"I understand your request..." Nagai answered stiffly.

……

……

……

At the same time, a meeting on the new financing plan was being held at Nippon Steel's headquarters building.

Minister Terada once again came to the company. He had been visiting the steel company quite frequently recently. He knew that the implementation of such a large financing plan would require the proper use of some "power" to speed up the process. Terada only hoped that the financing plan could be finalized as soon as possible.

In this way, he could become the savior of Nippon Steel.

To reverse the negative impact of the Eriko scandal.

Terada entered the building through a special entrance, so the Minister of General Affairs was unaware that a fierce confrontation between Kitahara and Nippon Steel was taking place in the lobby on the first floor of the headquarters.

Terada arrived at the conference room. Today, he planned to hold two more meetings. The first meeting was with Nippon Steel internal staff, and the second meeting was with Nippon Steel and bank representatives to speed up the implementation of the financing plan.

Open the door to the conference room——

Nippon Steel's Chairman Shibata, Managing Director Kamijima, and other important Nippon Steel executives are already in place.

"Where is the financial director Nagai?" Terada asked as he entered the meeting room and found that an old acquaintance was missing.

"We can start first." Shibata said, "Director Nagai is dealing with some emergencies right now. He should be here soon."

Terada nodded. "Then let's keep today's meeting short and focus on the main points. I think everyone present at Nippon Steel understands that during this period, as the Minister of General Affairs, I have been busy raising new bank funds for Nippon Steel to tide over the current difficult times."

"Today, I want to share with you that I believe you all understand that any assistance comes at a price. The bank's funds will inevitably require additional guarantees from Nippon Steel. This is especially true for the production lines and production equipment of the newly built sixth and seventh steel plants. Without these collaterals, it will be difficult for the bank to approve the loan process."

The purpose of this first meeting was for Terada to persuade Nippon Steel to accept the bank's demand for additional guarantees.

Of course, banks don’t lend money casually.

Without sufficient collateral, they certainly won't lend money out for free.

Although Nippon Steel is in a very difficult situation, some people are against the financing plan implemented by Terada. This is because the implementation of this financing plan will inevitably turn most of Nippon Steel's new investment assets into bank collateral. In this way, Nippon Steel seems to have become a company working for the bank.

Every penny of profit eventually becomes interest for the bank.

Therefore, many senior executives within Nippon Steel still have complaints about Terada's plan.

"If we are not willing to provide guarantees for these new equipment, the bank will not be able to release the funds. What if Nippon Steel's capital chain is broken? If this scenario really happens, no matter how much we regret it, it will be too late. I know that some people inside Nippon Steel believe that Nippon Steel is being sucked dry by the banks. However, this financing plan will bring new life to Nippon Steel, completely get rid of the burdens and baggage of the past, and continue to move forward."

In the conference room, Terada was almost the only one performing.

After all, he is the cabinet's general affairs minister.

Even if there were objections to his financing plan within Nippon Steel, they would not express them openly at the meeting.

Terada naturally understood that he had not really convinced many of Nippon Steel's senior executives.

At this moment, he suddenly said:

"Last time, I promised to introduce a strategic investor to Nippon Steel. Now, I have found one, and she will be here in a few minutes. She is Ms. Shima Miho."

The three words "Shima Miho" echoed in the conference room.

Hearing this woman's name, all the executives of Nippon Steel present were shocked. The reason was simple: Shima Miho was the CEO of Future Space Co., Ltd., a large aerospace company in Japan! Future Space is the leading rocket and aerospace company in Japan! It can be said to be the most cutting-edge and imaginative company in Japan.

This enterprise is not only committed to aerospace, but also includes the exploration and collection of space resources.

Such a big company is going to invest in Nippon Steel!!!

(End of this chapter)