Technology company, I will become the light of China!
Chapter 514: Global Focus on Acquisition War, Chen Xing Dissolves Toyota Group Board of Directors
Following Chen Xing's order, Li Daxiao, Yang Delong and Liu Jipeng immediately contacted the overseas fund manager who held the stocks on their behalf.
All of a sudden.
Overseas funds issued statements one after another.
[Notification of Transfer of Share Rights of Songshan Fund]
[In view of the urgent need for strategic adjustment, this fund has decided to transfer its 0.7% stake in Toyota Group to Longxing International Investment Fund. This decision aims to promote resource sharing and complementary advantages between the two parties and jointly promote the long-term development of the target project.
After this letter is sent, Longxing International Investment Fund will replace our Songshan Fund to exercise the rights of Toyota Group's 0.7% shares. If you have any questions or need further discussion, please feel free to contact us. ]
Songshan Fund, CPF Wealth Fund and Robeco International Investment Fund have successively issued global statements on the transfer of share rights.
It is worth mentioning here that they are not transferring shares, but transferring the rights to shares. Even if the Toyota Group’s board of directors has clearly defined the “poison pill plan”, it will not reach the proportion required to trigger the rights.
To put it bluntly, this statement from the major funds is a "Contract to Act in Accord".
"Consensus Action Contract" is common in multi-person startup companies. For example, a company has five founders, each of whom contributes money, effort and technology, and the final settlement is based on contribution, with each person receiving a 20% equity ratio.
If a startup company has no background, it must go through financing, that is, capital injection in rounds ABC.
Capital is not invested in vain. When they inject capital, they will take away a certain proportion of shares, which is equivalent to capital investment.
As the A, B, and C rounds of financing come together, the company's shares will become extremely dispersed. If the founders do not sign a "Consensus Agreement," they will lose control of the company, because the A round of financing often takes away more than 20% of the shares, not to mention the dilution in other rounds.
The simple summary of the "Consensus Action Contract" is that your shares are still yours, but the rights have been transferred to "someone". This "someone" is the representative elected by the founders of other companies. They can exercise the power of their shares to ensure that the company is not controlled by capital and is still in their hands.
As major funds released statements, Longxing International Investment Fund also released announcements on global and public online media platforms such as Weibo, TikTok, and Twitter.
[Announcement of Toyota Group Board of Directors Reshuffle]
[Through the transfer of Toyota Group's equity rights by financial institutions such as NOF International Investment Fund, Songshan Fund, CPF Wealth Fund, and Robeco International Investment Fund, and the signing of the "Action Agreement", this fund company, namely Longxing International Investment Fund, has held more than 51% of the shares. The following adjustments are now made to the Toyota Group's board of directors.
1. Remove Takahiro Saikawa, the current chairman and CEO of Toyota Group, from all company positions and demote him to an ordinary employee.
2. Immediately dissolve the original board of directors of Toyota Group, remove all positions of the original board members, and confiscate all rights.
3. All company charters and systems formulated by the original board of directors of Toyota Group are abolished.
4. All contracts of the Group are temporarily frozen and must be confirmed by the new Board of Directors before the contractual rights and obligations can continue to be fulfilled.
5. Longxing International Investment Fund will establish an interim board of directors to temporarily take over all rights and obligations of the Toyota Group and hold an online meeting of the board of directors three hours after the issuance of this announcement.
The adjustment of the Toyota Group's board of directors is to further optimize the corporate governance structure and improve decision-making efficiency and strategic execution. If you have any questions, you can write to the official email address of Longxing International Investment Fund. We will give an official reply within seven working days. ]
When the "Toyota Group Board of Directors Adjustment Announcement" passed the Weibo machine review and was presented to the public, the entire Longguo Internet instantly exploded.
[Wolong Jushi]: "Oh my god, where did I get myself into? Is this still China? Longxing International Investment Fund actually issued a document to dissolve the board of directors of Toyota Group?"
[Little Yasuo]: "Something's wrong, it's really wrong. I just checked. Longxing International Investment Fund was registered in Hong Kong Island. The largest shareholder is Longxing Group. In other words, the actual controller is Mr. Chen!"
[Mingjian Jiuzhou]: "By forcibly disbanding the Toyota Group's board of directors, will the Toyota Group become a dragon-funded enterprise in the future?"
[Invincible Xiaomei]: "Looking at this situation, it seems that Mr. Chen is using dishonorable means. It's a bit like a hostile takeover of Toyota Group!"
After reading the content of the announcement, netizens have already figured out the general process and means.
Because in a normal company acquisition, there would be no public announcement, and the current chairman would be removed from his position and the existing board of directors would be dissolved. This is totally wrong.
there is only one truth!
Chen Xing is forcibly acquiring Toyota Group!
The speed of online communication is extremely fast. Less than five minutes after the announcement was made, related entries appeared on the hot search list. Countless marketing accounts flocked to the site, raising the popularity even more.
"Normal acquisition or hostile takeover? Longxing Group is suspected of forcibly acquiring Toyota Group. It issued a document to remove all duties of Toyota Group's current chairman Takahiro Nishikawa and disband the entire board of directors. Toyota Group has not responded yet!"
"Unbelievable! The investment company controlled by Longxing Group actually issued a document to dissolve the Toyota Group's board of directors. Is this a distortion of human nature or a lack of law?"
"The Trillion Group was swallowed up, we are about to witness history, Toyota Group is rumored to be in a power grab, who will win this time?"
With the help of marketing accounts, the popularity can be said to be overwhelming, covering the entire Internet.
When Ren Wanzhou, who was already in charge of Kunpeng Company, learned the news, he immediately opened Weibo to confirm the authenticity of the source of the news.
When she saw that the announcement was issued by the Blue V certified official account, the surprise in her pupils could no longer be suppressed, and even her mouth subconsciously opened a little, her whole face was filled with shock.
"Longxing Group...acquires Toyota Group..."
Ren Wanzhou murmured to himself.
Even though the facts were right in front of her, she couldn't believe it was true.
How long would it take to secretly plan a hostile takeover of a trillion-dollar group, the world-renowned Toyota Group, which is among the Fortune 500?
Perhaps many people do not know the position of Toyota Group in the automotive industry.
Let’s put it this way, before new energy vehicles became the mainstream of the market, except for the Western automobile market where it was suppressed by Volkswagen, it was firmly in the forefront in other regions.
Not only does it rank first in global sales, it also has a complete and independent industrial system.
While other car companies need to purchase parts globally to build cars, the Toyota Group has long achieved self-sufficiency and independent car manufacturing.
To demonstrate the quality of Toyota cars, one need not look to other regions, but only to the Middle East.
In the Middle East, you can live without a Hummer or a Land Rover, but you can't live without a Toyota Hilux pickup.
Those who don’t buy pickup trucks may not know that Hilux is hailed as the God of Pickup Trucks by car enthusiasts.
It is routine to travel a million kilometers without major repairs and a hundred thousand kilometers without changing the oil. It is most famous for its machine gun modification.
Yes!
In movies or TV dramas, the pickup trucks driven by Middle Eastern militants with machine guns mounted on the roof are basically Toyota Hilux.
You may not believe the reviews of online bloggers, but you have to believe in the “Middle East Armed Forces Strict Selection”!
It is no exaggeration to say that as long as any country in the Middle East gets the Toyota Group, it can instantly establish its own industrial system, start to produce airplanes and tanks in an endless stream, and become a well-deserved little overlord of the Middle East.
Even BYD CEO Wang Fu has publicly stated that the Toyota Group is their role model and goal to catch up with. It can be imagined how high the status of the Toyota Group is.
When Longxing Group acquired Toyota Group, Ren Wanzhou thought again and again that he had made a mistake, but it turned out that he was not wrong. Chen Xing really did something big again!
If this man doesn't take action, it's fine. But once he does, it will definitely cause a big noise!
The first thing Ren Wanzhou did when he came to his senses was to take out his cell phone and call Ren Guofei who was still in Fengtian.
"Dududu-"
After the busy tone, the call was connected.
"What does Wanzhou want from me?"
Ren Guofei's voice was steady, deep and full of energy.
Ever since he handed over Kunpeng Company to Ren Wanzhou, he seldom asked about the company's affairs. In addition, the two of them lived in the north and south respectively, and their communication became less and less frequent. Only when there was any major decision that Kunpeng Company was unsure of, would Ren Wanzhou call Ren Guofei.
"Longxing Group maliciously acquired Toyota Group. Are we involved?"
Having followed Ren Guofei and studied under him for so long, she knew very well that Ren Guofei and Chen Xing had an unimaginably close collaboration.
If it is true as stated in the announcement that Longxing Group has already taken control of Toyota Group, then our company may also be involved.
If she was really involved, she would have to adjust the company's strategic direction.
"what?"
After hearing this, Ren Guofei lost his composure instantly, and even raised his voice several times, saying: "Malicious acquisition of Toyota Group???"
"You do not know?"
"I have no idea."
"..."
Ren Wanzhou was silent.
She thought Ren Guofei knew about it, but she didn't expect it to be Chen Xing's swan song.
Now the question is, how did Longxing Group maliciously acquire Toyota Group?
Not only Ren Guofei and Ren Wanzhou were confused, but even corporate CEOs like Pony Ma, Jack Ma, Liu Dongzi, Zhou Hongwei and others who had just learned the news were stunned.
Trillion Group!
That’s a trillion-dollar group!
Silently and in a flash, Toyota Group was forcibly acquired. They racked their brains but could not figure out how Chen Xing collected 51% of Toyota Group's shares without anyone noticing.
Now, let alone the CEOs of private enterprises, even Xiao Gang, the village chief of the China Securities Regulatory Commission, had its network down for more than ten seconds.
At first he couldn't believe it was true and thought it was a marketing account spreading rumors. But when he found the original text, his mind went blank.
He thought Chen Xing would make a big move, but he really didn't expect that he would actually take over the Toyota Group next door.
"Chen Xing..."
"How should I evaluate you?"
He was convinced.
This time he was completely convinced.
If scientific research and technology are the credit of R&D personnel and have little to do with Chen Xing, then the mastermind behind this forced acquisition is definitely Chen Xing, and it must be him.
Song Weiguo, who had just completed the test launch of an intercontinental missile and shocked the whole world, could not help but exclaimed after hearing the news:
"My intercontinental missile flies across the sea, but the intercontinental missile launched by Chen Xing is flying all over the world!"
Toyota Group was forcibly acquired. Can Toyota Group be acquired?
For the United States and island countries, this is definitely not possible.
The reason is very simple. The Toyota Group itself has a complete industrial system. Once Longguo Capital takes control of it, they can completely rely on the Toyota Group's own industrial system to complete the industrial upgrade.
If Longguo completed its industrial upgrade, they couldn't believe how serious the consequences would be.
It is for this reason that, as Chen Xing had someone issue a high-profile announcement, Saito Ii of the FSA Financial Services Agency and other high-level officials of the island country collectively called Toyota Group’s current chairman Takahiro Nishikawa to inquire about the situation as soon as they learned the news.
Facing the bombardment of phone calls, Nishikawa Takahiro was sweating on his forehead and nodded and said, "President, don't worry, Longxing Group can't control Toyota Group through stocks!"
"Correct!"
"That's right!"
"Absolutely impossible!"
"Don't worry, it's absolutely impossible!"
Nishikawa Takahiro gave assurances again and again.
Although he said it was impossible, he was doubtful in his heart.
It stands to reason that Chen Xing would not make such a joke, but he did so on global public platforms such as TikTok, Weibo, and Twitter.
If Chen Xing is not joking, will Toyota Group be forcibly acquired?
His answer was impossible.
The reason is very simple. In 1997, during the Asian financial crisis, Wall Street giants took advantage of the situation and took away at least 20% of Toyota Group's shares. Saikawa Takahiro also controlled 40% of the shares. In total, 60% of the shares did not appear in the circulation market. How could they be forcibly acquired?
He couldn't figure it out or understand it.
But he thought of a possibility, that is, there was a traitor!
Because some time ago, due to a broken capital chain, Toyota Group transferred 47% of its shares to the Miyazaki family for US$17 billion. His shareholding ratio also dropped from 40% to 23%, but he still remains the largest shareholder.
Although 23% is a very dangerous ratio, he has not forgotten the Wall Street tycoons, who still hold 20% of the shares. Besides, there is the "Poison Pill Plan" and stock market warnings. He has never thought about the possibility of a hostile takeover.
But if the Miyazaki family turns against us...
Thinking of this, Takahiro Nishikawa quickly said a few polite words and then hung up the phone.
He immediately called Miyazaki Jun'e to inquire about the stock situation.
When the call was connected, before Miyazaki Junhui could speak, Nishikawa Takahiro could not wait to ask: "Ms. Junhui, are the shares we transferred to you last time still in your hands?"
"Toyota Group's shares..."
Miyazaki Jun'e had long anticipated that Nishikawa Takahiro would call her, so she continued, "I transferred it to Singapore's FOF International Fund for 65 billion US dollars. Did something happen?"
She asked knowingly.
When Nishikawa Takahiro heard this, he immediately became anxious.
"How can you transfer it twice!"
"Why not?"
"..."
The five words "Why not?" left Nishikawa Takahiro speechless for a moment. If the shares are transferred to others, those others will have the right to transfer and sell them, and there is nothing wrong with this.
But this made things difficult for Takahiro Nishikawa, as he had originally planned to make some cash flow and redeem it later, but he didn't expect the Miyazaki family to sell so quickly, which disrupted his plans.
"What happened?"
Miyazaki Jun'e continued to pretend to be ignorant even though she knew the truth.
"No...it's alright..."
Takahiro Nishikawa didn't want to say more and hung up the phone directly.
As soon as he hung up the phone, Saito Ii called him.
"President Saito..."
After hesitating for half a second, he chose to answer the call.
"What's going on with Toyota Group? Why did Longxing Group say it already holds 51% of your shares? I need an explanation!"
Saito Ii went straight to the point, more straightforward than the previous presidents.
"Maybe... maybe it's a rumor..."
Nishikawa Takahiro hesitated.
"possible?"
Saito's heart suddenly stopped.
Seeing that things had come to this, Nishikawa Takahiro simply confessed and told the whole story about the bank's refusal to lend and the Miyazaki family's capital injection.
"..."
silence!
The two were completely silent!
Saito I didn't expect that Toyota Group would not be able to borrow money.
However, this cannot be blamed on the island countries' banks. The main reason is that the impact of new energy vehicles is too fierce. Japanese companies that have a large number of fuel vehicles are facing a downturn. If they choose to take out loans at this time, they will definitely be bad debts that they cannot repay for several years. Therefore, no bank is willing to lend to island countries' car companies.
"So now, even you are not sure whether it has been acquired by Longxing Group?" Saito Jing was silent for a long time, then asked, grasping the key point.
"Yes, because I only hold 23% of the shares now. If Chen Xing really holds 51% of the shares, then Toyota Group..."
He did not continue because the consequences were too serious.
"idiot!!!"
Saito I cursed angrily and then hung up the phone.
He did not sit idle, but mobilized all his connections to find out what the shareholding situation of Toyota Group was.
He also wanted to know how Longxing Group circumvented their acquisition warning and Toyota Group's poison pill plan.
Saito Ii's investigation using his personal connections could naturally not be hidden from the eyes of the United States.
The island country did not refute the rumor, but instead used its unusual behavior of using its connections to investigate, which made Renato Marotta's secretary unable to sit still, so he called Renato Marotta directly to explain the specific situation.
Renato Marotta was woken up in the middle of the night and was still angry.
But when the secretary explained the situation, his anger turned into rage, and he said in a foul language, "Damn you little bastard, you're not really going to hand over the Toyota Group to Longguo, are you?"
He panicked!
This time he really panicked!
The Toyota Group is one of the leading manufacturing giants with a complete and supporting industrial system, which is what Longguo urgently needs.
Assuming that the Toyota Group becomes a dragon-funded enterprise, then the Dragon Country will instantly transform from a low- and medium-end industrial country to a full-category industrial country, and the words "low- and medium-end" will no longer exist.
"What do we do now?"
the secretary asked.
"Go check it out immediately. Use all your connections and resources. I want to know the shareholding situation of Toyota Group within 30 minutes."
"I'll do it right away."
When he hung up the phone, Renato Marotta tapped his chest twice, pointed his index finger to the sky, and prayed devoutly: "God, please don't let Toyota Group become Longzi Holdings. This is our last bottom line."
……
New York, USA.
No. 666 Satan Building.
Davic had already obtained the shareholding report when Renato Marotta was investigating.
Currently, the largest shareholder of Toyota Group is Takahiro Saikawa, holding 23% of the shares. The second largest shareholder is the Miyazaki family, holding 17% of the shares. The third largest shareholder is the Belle Group, holding 9% of the shares. The fourth largest shareholder is the Vanguard Group, holding 7% of the shares. The fifth largest stock market...
Davich looked down and compared it with the funds that issued the statement.
He was horrified to discover that these international investment funds that had issued global statements held a total of 22% of Toyota Group shares, but the average shareholding per person was only 0.33%, leaving no way to prevent it in advance.
"cunning!"
"Cunning Chen Xing!"
"Cunning Dragon Countryman!!!"
Like most people, Davic felt that the chances of Toyota being forcibly acquired were close to zero.
Because not only does the stock market have acquisition alerts, there is also a "poison pill plan", so they can be the first to know about any slight disturbance.
But what puzzled Davich was that wasn't NOF International Investment Fund wholly owned by Drew Parada? Why did it issue a statement about the transfer of share rights?
Thinking of this, he frowned and asked someone to investigate again.
After about ten minutes, he got the full story.
It turned out that Drew Parada believed in the country's destiny. When the exchange rate of the U.S. dollar against the Dragon currency fell, he used a leverage of 200 times to bet on a rebound.
As a result, Longxing Group and its thirteen good brothers went public collectively, which not only brought new life to the Longguo stock market, but also brought about an epic rise in the exchange rate of the Longguo currency.
with no doubt.
Drew Parada went bankrupt!
It was not just an ordinary margin call, he also owed tens of billions of dollars in debt.
In order to repay his debts, he had no choice but to sell all his real estate and funds, including the NOF International Investment Fund.
"Will Chen Xing succeed?"
Davic was visibly panicking. He continued to look through the investigation report and unexpectedly found a familiar name.
Drew Parada's NOF International Investment Fund was not sold to anyone else, but to Wei Yan's Double Fund Management Agency.
“Double Fund Management Agency.”
"Wei Yan."
Davic frowned.
He didn't expect that Wei Yan was involved in this matter, which made him once again doubt Wei Yan's intention to approach him.
Now things are just like pulling out a radish and bringing out the mud. No one knows who is the human and who is the ghost under the complicated relationship.
"Is it a coincidence?"
"Or did you approach intentionally?"
Davic was lost in thought.
Before this incident, he had treated Wei Yan as his confidant, but this matter involved the involvement of an organization behind Wei Yan, and coupled with his Chinese identity, he had every reason to suspect that Wei Yan might be a planted mole.
But then again, if Wei Yan was a traitor, why did he repeatedly offer advice to help the United States and stop the rise of the Dragon Kingdom?
Davic couldn't understand.
While his brain was working rapidly, Wei Yan did not sleep either.
At this moment, he was sitting in the office of his luxurious villa, looking at the computer screen in front of him with a comfortable expression. He was shaking a red wine glass in his hand, and the deep red wine was swirling on the wall of the glass. He was not worried about being investigated at all.
Although Chen Xing chose to reveal his cards a little suddenly, he had already cleared himself of any wrongdoing.
Under his operation, even if Davic conducted a surprise inspection, he could only find that Double Fund Management acted as a middleman, and someone else purchased the NOF International Fund!
(End of this chapter)
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