National Tide 1980.

Chapter 1005 Professional Shareholders
What's the matter?
Dare to love the unique system of this wonderful country in Japan, which will always lead to weird things.

No one would believe that such a serious thing as doing securities investment in Japan and being a shareholder can actually evolve into an immoral and gray profession.

The first prerequisite for people in this line of work is that they must have a certain amount of financial resources in order to buy and hold stocks in multiple companies.

Therefore, the entry threshold is not low, and the personnel composition is also very complicated.

From the Yakuza who rely on associations to the single-handed nouveau riche.

As for the work to be done every day, it is to attend the shareholders' meetings of various companies, express serious questions or opinions, or interfere with the meeting.

The purpose is to be a shit-stirring stick, so as to charge management fees from the companies in which it holds shares and extort benefits.

They see the mentality of the company's management for fear of causing trouble, seize various disadvantages in the company's operations, and use this to put pressure on the company, inflicting professional and intellectual violence, and are dubbed "professional shareholders" by the Japanese society. .

To put it bluntly, the behavior of these professional shareholders to collect benefits from the company can be regarded as intimidation and blackmail.

In essence, it is the use of shareholder power to interfere with the normal operation of the company.

They are sure that the management is afraid of "repeated troubles" and dare not report to the police, so they succeed repeatedly.

This kind of evil behavior filled the entire 60s. At that time, most Japanese companies would determine the amount of payment according to the level of the other party.

Even those professional shareholders who are like punks come to "call" on the Ghost Festival or at the end of the year, most of the Japanese companies pay them with "travel expenses".

In fact, Japanese companies at that time had received instructions from the police, and often held discussions on “how to expel professional shareholders”, but unfortunately the results were not great.

Later, in the 70s, because the situation got worse and worse, Japanese companies finally twisted into a rope with deep hatred, and only then mastered the method to fight against professional shareholders.

First, Japanese companies have adjusted their company rules and regulations and decided not to have external independent directors.

Second, in order to reduce external shareholders, many small and medium-sized enterprises have also followed the example of large enterprises in the chaebol system and started cross-shareholding with each other using business connections as a link.

Third, in order to prevent shareholders and journalists who intentionally make troubles from making things difficult for corporate management, hundreds of listed companies even tacitly choose to hold shareholder meetings at the same time.

It is by relying on this way of keeping warm among enterprises that the professional shareholders have basically blocked the room for profit.

However, there is no absolute in everything, and there are always some individual exceptions.

For example, listed companies with small and medium market capitalizations like Hanwa Kogyo have the most obvious weaknesses.

Especially when the business encounters difficulties and the market value drops sharply, it is easiest for outsiders to take advantage of it.

If the internal unity is not enough, once the shares held by outsiders are enough to affect the appointment of board members, or the change of the actual controller of the company.

Then such shares are valuable, and they can still reap certain benefits.

So it is conceivable, from the perspective of Hanwa Kogyo.

Suddenly found that after the market value of my company experienced a sharp drop, an outsider who held as much as [-]% of the shares appeared in the list of shareholders.

Especially a foreigner.

It is normal to have concerns about this.

At this point, Ning Weimin understood that the co-author was treating him like a professional shareholder.

"You mean, Hanhe Xingye regards me as a dangerous person with ulterior motives? Then you still say it's okay?"

"Because I know exactly who you are. It's just a misunderstanding. Your investments are so profitable and all your stocks are skyrocketing. How can you do something like this when you own your own company? For you, this kind of meeting is nothing more than a meal."

"It's true to say so. But I feel very bad. It is unreasonable to be suspected of bad motives and to be interrogated. This is an insult to my personality."

"I understand your troubles very well. Of course your dissatisfaction is justified. No one would be happy to encounter such a thing, let alone a person with status like you."

Director Sagawa nodded in agreement, fully understanding Ning Weimin's dissatisfaction.

Not only was his flattering skills in place, but Ning Weimin also heard something interesting from what he said afterwards.

"However, because of this, presumably once the misunderstanding between the two parties is clarified, the other party will feel deeply guilty, right? After all, the other party does not trust you first, which is also a kind of disrespect. You must not let you suffer such unreasonable treatment Suspect?"

"Huh? What do you mean?"

Perhaps because he was worried that Ning Weimin, as a foreigner, would not understand Japanese euphemisms, this time Sagawa also went all out.

He deliberately approached, then lowered his voice, whispering like a dog-headed military division.

"If you still want to continue to invest in Hanwa Kogyo, then I should tell you something. Although Hanwa Kogyo's financial annual report has seen a sharp increase in profits, their president, Kita Mo-san, has almost completely abandoned the traditional main business. The practice of fully investing the company's resources in financial management and investment. There are also different opinions within Hanwa Kogyo. Many senior officials seem to be deeply worried about this."

"When Hanwa Kogyo held a general meeting of shareholders last month, I heard that some veterans of the company questioned this on the spot, which even caused a dispute between the two factions, and they quarreled on the spot. In this case, the president of Hanwa Kogyo, Bei Mao It is obvious what the other party is worried about when I want to meet with you. This is actually an advantage for you."

"What I mean is that even though you are not a professional shareholder, you will not make unreasonable demands on Hanwa Industrial. But in turn, you can use this opportunity to reassure the president of Hanwa Industrial and establish a certain relationship with him. .In fact, no matter from that point of view, they will never refuse your kindness, and they will definitely express their gratitude to you. Then you will have the most reliable source of information in the future? Meet with the other party , In fact, you are not at a disadvantage..."

Depend on!Pretending to be mysterious!

After all, the co-author of this guy is persuading himself to engage in insider trading!
Ning Weimin was both angry and funny.

I said in my heart, how can I use such a dirty trick?
But when he thought of his trolley suitcase and the soon-to-open Tangong Restaurant, his heart moved.

Although Sagawa's suggestion was not good, it was right in principle.

After all, the other party is the president of a listed company, so getting acquainted and talking about the matter will definitely not hurt.

Even if there is no possibility of cooperation, at least I don't have to worry about breaking other people's taboos, or being troubled by others.

While meditating, Ning Weimin heard Sa Chuan say again, "President, I have a few more words, and I think it is my duty to remind you. Although you are innocent in this matter, you have no regrets at all. But if you refuse to meet with the other party , then there may be situations that are unfavorable to you..."

"What? Bad for me? Who will be bad for me? You are..."

Ning Weimin was stunned again, he didn't expect to hear a vague threat from Sagawa's mouth.

However, this time he was wrong again.

Because Sagawa's face was full of flattery, and he tried his best to show his heart, just like a pitiful loyal dog.

"President, I have absolutely no malicious intentions. Although my words may sound a little offensive, I really just want to remind you in good faith and consider you wholeheartedly. What I want to say is the unspoken rules of the Japanese stock market. On the surface, Japan’s securities industry is very regulated and is promoting financial liberalization. But in fact, there are many unfair inside stories. Investment traps always exist. "Self-precautionary measures" are one of them..."

"Self-precautionary measures?" Ning Weimin frowned in confusion, and repeated this special term.

Intuitively, he already had a premonition that what Sagawa was going to tell him was a very important thing.

Sure enough, Sagawa's next explanation was as expected.

"Yes, the so-called self-precautionary measures. Simply put, it is a specific measure aimed at foreigners. There is an unwritten tacit understanding among Japanese securities firms. There are unfriendly suspicions and the support of the securities company. It is possible to initiate a special investigation. And during the investigation period, the securities company has the right to stop the customer from buying and selling this stock. The stock held by the customer will be It was completely frozen by the securities company. It cannot be traded again until the investigation is over."

These words made Ning Weimin shudder, and his heart skipped a beat.

For nothing else, the stock market is changing rapidly, and a little carelessness can miss good opportunities and cause losses.

If the stocks you buy in the open market may not be traded at any time, how can investors play?
Isn't this just playing hooligans?

"What? Isn't this against the principle of fair trading of stocks? The essence of securities trading is that you can buy and sell at any time?"

"That's right. It's really unfair, but there's no way around it. This is the objective status quo of the Japanese securities industry. I can even reveal a little more specific inside information to you. You should know about Oji Paper, a listed company, right? In the past few years, because the company was dissatisfied with a few people from Hong Kong City and took advantage of the low corporate value to buy a large number of shares, it passed through our Nomura Securities, Daiwa Securities, Hiwa Securities, Yamaichi Securities, as well as Wako, New Japan, and Japan Quanye Corner. Eight securities firms, including Maru and Okasan, jointly froze 12.00% of Oji Paper’s shares held by five Hong Kong investors. The so-called investigation has been going on for several years. Obviously making huge profits, but still unable to trade.”

Ning Weimin couldn't imagine how a Japanese securities company would have such a destructive trick and dare to openly violate the world's prevailing financial rules.

Don't be afraid of [-], just be afraid of what.

If this trick is used on him one day, it will definitely kill him.

"What about the reason? The securities company must have a reason for doing this, right?"

Ning Weimin suppressed his annoyance and asked.

As a result, Sagawa's answer almost didn't make him crook his nose.

"Malicious hoarding!"

"Malicious hoarding? Are you kidding? This kind of excuse is too perfunctory. How could the people of Hong Kong City agree? They will definitely sue?"

"Yes. As you said, they have gone through legal channels, but it is useless. Neither the Tokyo Stock Exchange nor the Japanese courts will support the claims of several foreign investors. In fact, the Japanese stock market, In essence, it is still a business club. The purpose of existence is to facilitate companies to raise funds, which is also the general consensus of the upper class in Japan. So no matter what, you should agree to the request of Hanwa Kogyo and meet with President Bei Mao. Otherwise If you don't, it will make the other party suspicious and think that you have some bad intentions."

Sa Chuan's words revealed the helplessness and cruelty of reality, immediately blocked all the words Ning Weimin wanted to say.

It's too useless to co-author and not even see or see.

But he is so angry that he is not easy to attack.

After all, Sagawa had good intentions, and this phenomenon was not caused by him.

People should be grateful for reminding him to avoid such potential risks that are likely to occur.

If all this is true...

After being silent for a while, Ning Weimin still couldn't help complaining.

"Could it be that your sales department will do this to me just because I don't agree to meet? If so, how can I invest with confidence? It's really troublesome! Why don't I just sell all the stocks and stay away from it?" The Japanese stock market is doing well!"

Of course he was angry.

Japan's economic bubble has just kicked off.

How could he give up such a once-in-a-lifetime meal?

How can you give up eating because of choking?

But Sagawa didn't know this.

He thought that Ning Weimin was telling the truth, and immediately regretted it so much that his intestines turned green.

Why did he spend so much spitting?
No hurry is to gain the trust of customers.

But if it passes and scares the customers away, then it will backfire.

For this reason, Sagawa broke out in sweat again, forced a smile on his pale face, and quickly changed the subject, trying to save him.

"President, I understand your concerns very well. But you don't need to worry too much about this matter. The reason why I remind you is not to say that such a situation will definitely happen. It is just that there is such a possibility. I hope you can take precautions. And maybe what I just said is not comprehensive enough, in fact, such things as listed companies proposing self-precautionary measures also need corresponding conditions, and ordinary companies cannot do this."

"The reason why Hanwa Kogyo has this possibility is because of its particularity. First, its main business is steel manufacturing, which is the foundation of all industries. This is an industry that the Japanese government is concerned about. Second, Hanwa Kogyo and Yamaichi Securities are also very closely related. All of Hanwa Kogyo’s financial investments have always been traded through Yamaichi Securities. From the analysis of its financial report data this year, the scale of funds has exceeded 500 billion yen at least. So Yamaichi Securities has Driven by enough interests, we will firmly support Hanwa Kogyo.”

"But for the same reason, we at Nomura Securities also value high-quality customers like you. Even if we are forced by the common principles of the securities industry, we at Nomura Securities will not be willing to blindly sacrifice our own customers for the benefit of others. Especially myself, as your exclusive stock broker, it is impossible to live up to your trust, and I must do my best to protect your interests. In fact, since I have disclosed these things to you, it is for your sake Eliminate troubles and eliminate hidden dangers."

"Do you think this is good? If you allow me, I will accompany you to meet with the other party. On behalf of Nomura Securities, I can make a statement for you in person and try my best to prevent such a thing from happening. I assure you that the final result will definitely be It will satisfy you. Please give me a chance to fight for you and let me work for you."

At the end, Sagawa also came with a Dogeza.

He slipped off the couch onto the carpet and just knelt down, it was so sincere.

(End of this chapter)