Once Xing Baohua starts spouting nonsense, his words become unrestrained, mentioning billions of yuan as nothing more than a trivial matter.
Go ahead and brag.
Of course, Mitsui Tousaburo only listened to it; if he took it seriously, he wouldn't have reached that position.
About an hour later, both parties' lawyers arrived and signed the transfer agreement. After the market closed, Xing Baohua had the finance department compile data on which stocks were involved, their prices, and so on.
The final trading price of each stock and the value of the number of shares held should be reported.
The rest is up to the lawyer; we'll go to the exchange to change the account tomorrow.
Changing accounts is a complicated process with some restrictions. You need to open an account with another brokerage firm and then transfer the funds there.
Private transfers between private individuals are not permitted; only unlisted companies are allowed. Once a company is listed, it can only be freely traded on the secondary market.
This is no different from Xing Baohua selling off his own shares.
However, Mitsui Group has connections with numerous securities firms, so according to the transfer agreement, it is equivalent to acquiring the shares held by Xing Baohua.
However, it is rather cumbersome to operate.
No matter which brokerage firm Xing Baohua transferred to, it was always under his name; Mitsui Group was simply using his account to make the transactions.
After Xing Baohua received the money, it was no longer his concern.
If Xing Baohua were to act maliciously and use his own identification to change the password, he could still regain control, but everything was already written into the agreement.
If Xing Baohua forcibly changes the account password with his identification documents, it constitutes a breach of contract, and he will be responsible for any resulting losses.
For such a large transaction, they've thought it through very carefully.
After submitting the account information, I'm just waiting to go for the transfer tomorrow. This transfer will be from Xing Baohua's current brokerage firm to the brokerage firm designated by Mitsui Group.
After all that was done, Xing Baohua was basically done with it.
With a lawyer present, Xing Baohua didn't need to appear in person; a power of attorney was all that was needed.
It was agreed that after tomorrow, a total of US$4.38 billion would be transferred in two installments to the account designated by Xing Baohua.
A sum of 2 billion was deposited into his Citibank account in the United States.
The final sum of $2.38 billion was retained by Mitsui Bank in Japan.
Although it was their first time working with Mitsui Bank, large clients like Xing Baohua didn't need to go to Japan to open an account in person.
Mitsui Tousaburo had already prepared the necessary documents and information for him to open an account.
Xing Baohua just needs to sign, and he will go and process it as quickly as possible.
When he returned, he would personally hand over the account opening documents and telephone transaction password card to Xing Baohua.
The old man still has the spirit to back it up; he's not afraid that Mitsui Tousaburo will run off with the money.
There's nothing to worry about; such large transactions all require bank verification.
Unless the other party sets up another scheme to completely trap Xing Baohua.
Xing Baohua was really happy to have finished all this work.
Humming a song, I rode in the car to get some soup.
The soup was drunk, but the matter couldn't be resolved.
Master Zhou is always a little out of sorts for a few days, no!
The following day, financial newspapers reported that Xing Baohua and Mitsui Group had reached a stock transfer agreement.
The total value is over four billion US dollars.
A group of people were dumbfounded, because they had previously explained that Xing Baohua was short of money and wanted to sell stocks.
But everyone expected that they would all sell off their shares at once.
At first, I thought people were foolish, throwing in six or seven hundred million US dollars. Look at that time—just a year later! It's grown five or six times, which means the stock market is still booming.
This news seemed to add fuel to the fire in the stock market, making it burn even more fiercely.
Logically, Xing Baohua's sell-off should have caused a shock or a slight drop in prices.
It's gone up instead?
In this case, Xing Baohua only transferred the ownership and handed over the account; there was no actual sale or transaction.
Since people felt they could still make money in the stock market, they bought more shares, causing the price of freely traded shares to rise.
Of course, this is a phenomenon that the Mitsui Group likes to see.
Even some of their own staff felt that they could earn one or two times their initial investment by selling the products themselves, without having to distribute them to the Japanese public.
Mitsui Tousaburo has already rushed to their headquarters.
This person is also ambitious. Despite having the surname Mitsui, he is actually from a collateral branch and does not hold a high position in the family.
If you want to stand out from the crowd, you need to achieve remarkable results.
There is a huge opportunity right now.
After negotiating that huge deal with Xing Baohua, he had already demonstrated his capabilities, but he felt there was still an opportunity to do another one: leave Xing Baohua's more than 2 billion US dollars in Japan.
Money needs to be put into circulation to generate more money.
The Mitsui Group's business is like a towering tree, with deep roots controlling many companies.
Nissan.
The Mitsui family not only owns shares, but also has many other business dealings.
Doesn't Xing Baohua need a car?
Then recommend a familiar car company to absorb his more than 2 billion yuan in funds.
This matter needs urgent negotiation back home. We need to see which car model, engine model, or other key technologies we can offer in exchange for money.
Xing Baohua's current technical needs are far from adequate.
Moreover, Xing Baohua himself admitted that it wasn't that he didn't want to buy new ones, but rather that he couldn't find any! He even accepted his fate of collecting scrap.
Then take out some technology that's about to become obsolete, modify it, and trick him into buying it.
When Mitsui Fujisaburo arrived at headquarters to report on his work, he arranged for someone to transfer money to Xing Baohua and open an account, etc.
He then explained his plan, which received support from senior executives at Mitsui headquarters. He was even accompanied by senior executives to Nissan headquarters for further negotiations.
Since 1985, the Japanese economy has stagnated, and they blame everything on the Plaza Accord.
That's true, it was caused by that thing. Who told you to be so rich?
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