What is the price of the equity in Fanhan Group worth? This has also caused heated discussion within Nikon.

Some people believe that it can be calculated based on the current assets of the lithography machine subsidiary and then pay a price of 49%.

This proposal was immediately ridiculed by others. It is true that China's low business level is not right, but it does not mean that they are fools and mentally retarded. Using asset calculations, no one will sell their shares to Nikon.

Some people immediately said that Nikon could be more generous and also provide 49% of the Intel order profit to Fanhan Group as a bid.

In this way, Nikon's bid has gone above 400 million US dollars, and it has gone to 500 million US dollars. But even so, Tsuruta knew in his heart that Fanhan Group would probably not agree to this request.

So, how can we make Fanhan Group willingly spit out the shares of its lithography machine subsidiary?

After two consecutive days of meetings, the smoke in the conference room was as thick as pm2.5 and at least 300, there was still no perfect way.

At this time, Hatano's executive was still old and stronger, and proposed a way to make people shine. Hatano's executive introduced his understanding of China, and pointed out that although China has implemented reform and opening up, it is still a country with great political influence after all.

This is different from Japan. The Japanese have long been on the sidelines in the 1990s. Now the masters of society are large consortiums and large business owners. This is also a bit obscured. Other Nikon board members take it for granted that Chinese companies can also be like in capital society, omnipotent.

After reminding Hatano, they recalled the days that Japan had lived in the 1960s and 1970s. In that era, the Japanese government was also a group with strong power. The young capital force needed to be harbored by political power. Under the political wings, the Japanese capital force gradually grew up. After growing stronger, it overturned the government's control over them without hesitation.

After more than ten years of political reform, the Japanese government has not done much in the economic world. So much so that most people on the board of directors began to feel that the power of capital was formed naturally.

Hatano's executive is different. Firstly, his life experience was mainly in that era, and secondly, perhaps people are more stubborn when they grow old - he basically lacks the awareness of big capitalists, but often says something similar to the Communist Party, and instead supports the government to interfere with the economy.

In short, in the plan of Hatano's executive, he claimed that as long as he can achieve political achievements, he would often buy some government personnel for his use. Although Fanhan Group has a large amount of equity and key technologies, its biggest weakness is that it has not obtained corresponding political capital in its country.

Perhaps spending 100 million or 200 million US dollars on the Panhan Group itself will not have much effect. However, spending on political forces that urgently need international investment can achieve considerable results.

Moreover, unlike the pure cost required for acquisition, investment will not cause losses and will even produce good returns in the future. Therefore, you can be more generous in investment, including 300 million, 500 million, or even 700 million.

If an investment of 700 million or 800 million US dollars can indeed leverage a lot of political energy in China.

The biggest problem here is the choice of political investment partners, which must not only put enough pressure on the Panhan Group, but also be able to be controlled by Nikon. The measure in this is extremely difficult to grasp.

High-level officials like Minister Hu cannot be so easily impressed. Simple economic interests cannot control his judgment. However, ordinary municipal officials have extremely limited influence on the Panhan Group, and they must find a middle- and high-level official with sufficient influence.

After a while, Nikon found a seemingly good choice in Bohai Province.

"Five hundred million US dollars?" Zhou Shuo frowned and knocked on the table, looking at Tsuruda incredibly, saying: "Tsuruda specializes in the 49% profit created by just this generation of 0.25 micron lithography opportunities. I'm afraid it's more than $500 million, right?"

He snorted coldly with a slight anger: "I think the cooperation between us and Nikon has always been mutually beneficial. Although there are occasional struggles, unity is still the mainstream. In order for Nikon to dominate the lithography machine market, Fanhan Group has also made a lot of contributions. If it weren't for the risk of waterproof photoresist leakage and the release of goodwill first promoted the formation of the alliance, would Nikon have won the order of Intel so smoothly? Will it allow me to export advanced lithography machines that the government can safely?"

"But you ignore the interests of Fanhan Group and use the benefits we will definitely get in the future, you want to completely take away the shares of Fanhan Group." Zhou Shuo said, as he seemed to be a little angry. He slapped the table and said with a grim look: "Is this using our Fanhan Group as a monkey?"

Zhou Shuo's anger is understandable. For example, determining the acquisition price based on assets is mostly used to acquire fixed assets. Calculate the value of the entire company based on the quotation of assets such as equipment, construction, land, etc., and then acquire it according to the share ratio. It is impossible to use it for companies with good profit prospects.

If you want to acquire a company like Nikon lithography machine subsidiary, even if you calculate the company's assets, you must cover all its own technology, brand, market share, profit prospects, etc., and then convert it into corresponding capital. There are specific formulas in accounting.

For Nikon's current quotation method, basically only some startups will use it. The profits of the company's shares in the next few years are used to determine the acquisition price. It is suitable for those areas where there are few fixed assets and the market changes very quickly. Perhaps a company only has a few years of life and does not have any valuable fixed assets. Acquisition of such a company is equivalent to acquiring a future.

But this is obviously not the case for Nikon lithography machine subsidiary. First of all, the lithography machine subsidiary has a lithography machine production line and also has a huge order from Intel. In the future, it will completely occupy a broad lithography machine market - can such a company be acquired as a small company that has nothing but the future?

I can only say that Nikon's abacus is really too loud.

The old god of Hetian shook his head and smiled, "Zhou Sang, don't be anxious, please listen to me to explain it carefully."

He pretended to cough, sorted out his ideas and said, "If immersive lithography technology is of course very huge. But the 49% share allocation cannot accurately reflect the contribution ratio between Nikon and Fanhan Group."

"For Fanhan Group, it is equivalent to selling $500 million in just one immersive lithography technology, which is already a very impressive number." Tsuruda smiled proudly and boasted: "But Zhou Sang also needs to see how much Nikon has paid. Not to mention the entire lithography machine production line, the close connection formed by skilled operation engineers and Intel's long-term cooperation with many years. These soft powers are also extremely important capital, right?"

Zhou Shuo scoffed at this. Will Intel look down on Nikon? If you hadn't been backing the entire Japanese market, you would have been eliminated by Asmay. After entering the 21st century, Japan's electronics industry declined overall, and Nikon's life was getting worse day by day. Asmay accounted for 60% of the global lithography machine market, and Nikon and Canon shared the remaining 40% of the remaining.

For Nikon, who has lost the first echelon of lithography machines in the future under the dual pressure of Asmay and Intel, it is really difficult for Zhou Shuo to pay any respect.

"If you say that, Fanhan Group has also exerted its influence." Zhou Shuo spread his hands and said innocently: "Fanny Optical Manufacturing Company has been in the embroidery city, and the strong support of the local government, as well as the orders placed by the Ministry of Electronics Industry for Huahong Group, we have also had our influence? In any case, Nikon is really insincere for the price of 500 million US dollars."

"If Nikon holds on to this price, I think we have nothing to talk about-" Zhou Shuo looked at Tsuruta with his eyes and said firmly: "You know, besides Nikon, I think there will be many other big companies who are also full of interest in the shares in my hands."

This is also a killer move in Zhou Shuo's hands. At present, Nikon is almost a foregone conclusion to dominate the lithography machine market. If Fanhan Group wants to sell its shares at this time, it seems that Siemens and even Asmay will be very interested in it.

Tsuruta chuckled, as if he disagreed with Zhou Shuo's threat. He hugged his chest and leaned on the back of the chair and said relaxedly: "Zhou Sang said that Fanhan Group has made considerable contributions to the establishment of Fanny Optical Manufacturing Company in China. I really can't agree with this statement. Regarding this matter, I think someone should have a different view on this."

"Different view?" Zhou Shuo was slightly stunned and said inexplicably: "I don't know what Tsuruda Specialist means. Do you doubt our Panhan Group's public relations capabilities?"

“No, no, no—”

Tsuruta shook his hand and said with a smile: "I am not expressing doubts about the public relations capabilities of Panhan Group, but I am expressing strong doubts about your public relations capabilities!"

He suddenly changed his face and said coldly: "It is said that the senior government officials of Bohai Province are currently discussing some inappropriate behaviors of Fanhan Group. I think this may hinder the operation of Fanny Optical Manufacturing Company. Now, on behalf of Nikon's lithography machine subsidiary, I hope to move Fanny Optical Manufacturing Company back to Japan."
Chapter completed!