Those local minority shareholders also cost Toyota dearly.
This is the most critical moment in Toyota's history. If it doesn't take the right steps, it will either change hands or sink into becoming a niche car manufacturer and eventually go bankrupt.
Mitsui Tousaburo, acting as a middleman, continued to serve as his intermediary. He accompanied Zhao Shanhai, Xing Baohua's plenipotentiary representative, to Japan.
They were responsible not only for Zhao Shanhai's food, clothing, and shelter, but also for persuading him.
The pressure is much greater than before.
After arriving at JD.com, Zhao Shanhai went to the branch office to hand over his responsibilities. From now on, he is the person in charge of the branch office.
He achieved a position second only to one person and above a hundred others. Currently, the branch company only has this many people to do the work. If he wanted to be above ten thousand people, he would have to go back to his hometown in central Shandong and serve as the factory director of several factories to gather ten thousand employees.
Upon arriving at the branch office, Zhao Shanhai immediately threw himself into his work.
The first step is the handover of financial accounts.
When Zhao Shanhai saw so much money, his heart jumped into his throat.
I never imagined I'd swindled billions. Now I'm managing over seven billion.
So that's where most of the money is!
He got excited, and suddenly it occurred to him: what if he tricked someone into transferring the money out of the country...?
Actually, he was just thinking, how could Xing Baohua let these unreliable outsiders manage his things? Wasn't he afraid that someone would smuggle the money out?
Zhao Shanhai could have imagined it, but Xing Baohua couldn't have; there are mechanisms in place to restrict the use of funds.
This money is only used for buying and selling financial products.
The bank has restricted transfers from other accounts; any transfers made there indicate a financial problem with the company.
The various mechanisms are all in place, making it quite secure.
The available financial credit limit is only a little over one million for office expenses.
The employees' salaries here are all paid through banks, and the finance department only needs to verify the amount of funds with the bank.
Zhao Shanhai saw that there were five banks, and each bank had opened different accounts to store funds.
The only fund they had was in the Sanjing Bank, which held the least amount, just over two hundred million US dollars.
The largest holders of funds are Morgan Stanley and HSBC, each with over two billion US dollars invested as reserves. These reserves, amounting to over four billion US dollars, will be used should a significant market upturn occur in Toyota.
The current battle with Toyota is a test of who has the financial resources to last the longest.
Zhao Shanhai couldn't even imagine what would happen if Toyota wanted to offer a premium on Xing Baohua's shares. Just thinking about a 50% premium, wow, that would be a fortune! Over 12 billion US dollars!
They're incredibly wealthy!
If he does a good job this time, Xing Baohua will reward him with a certain amount of US dollars.
I felt a sense of joy, and all the worries I had before coming were gone. Money is a good thing; it can cause worry, but it can also relieve it.
I wonder how many Japanese girls are standing on the roadside at night.
Of course, this is just something to think about. I worked in Japan for a while before, so I know a little about the local customs.
But once desires are unleashed, the heart begins to wander.
Mitsui Fuji came to Zhao Shanhai's temporary office and informed him that he needed to bring his documents and other materials to a board meeting at Toyota headquarters the day after tomorrow.
Zhao Shanhai said he would arrive on time.
Mitsui Tousaburo followed up by asking Zhao Shanhai if it was convenient for him.
The implication was that Zhao Shanhai was new to the city and they wanted to treat him well; a place to drink had already been arranged.
In China, when people say "invite someone to drink," it usually means they're having a meal and drinking alcohol.
In Japan, eating is eating, and drinking is drinking.
Although Zhao Shanhai had worked in Japan, he only worked near the factory.
I don't know anything about Mitsui Fujisaburo's invitation to drinks. In JD.com, when someone says they're inviting you to drinks, it usually means drinking, especially with prostitutes.
At most, they'll serve you one or two fruit platters and some snacks to go with your drinks.
The real main attraction is the girls who accompany you while you drink.
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