Millionaire Son in Law Chapter 2046
Welcome to Millionaire Son in Law Chapter 2046. Please enjoy reading this installment.
- A significant joint venture between the Song family and Nippon Steel is being discussed.
- Control of share percentages emerges as a critical negotiation point.
- Previous industry models are brought up but encounter resistance.
A joint venture is proposed between the Song family and Nippon Steel. The core issue revolves around controlling share percentages. A precedent from the auto industry is discussed, but met with resistance.
She decided to adopt a joint venture like an automobile company to introduce Nippon Steel’s cutting-edge technology in steel companies.
FAW-Volkswagen, Guangqi Honda, and Changan Ford have basically adopted this kind of joint venture idea. After two to thirty years of joint venture development, these companies have indeed achieved very impressive sales results.
Nippon Steel is also very interested in this cooperation, coupled with the Song family’s strength, land, and certain experience in the steel industry, it is also a very good potential partner for Nippon Steel.
So the two sides hit it off, and the rest is the discussion and formulation of cooperation details.
Warnia’s idea is that the Song family holds 51% and Nippon Steel holds 49%, but the idea of Nippon Steel is that they hold 51% and the Song family holds 49%.
Don’t look at such a slight difference in proportions, but it determines who has the final say in a company.
Shareholders who reach 51% are undoubtedly the largest shareholders, and they have absolute power to say anything about specific matters of the company.
Once the controlling rights are handed over to Nippon Steel, the Song family will lose all dominant positions in this cooperation.
At the negotiating table, both sides saw the issue back and forth, but no one wanted to take a step back.