She decided to adopt a joint venture, just like an automobile company, so that she could introduce Nippon Steel's cutting-edge technology in her steel company.
Volkswagen, Honda, and Ford have basically adopted this kind of joint venture idea. After twenty to thirty years of joint venture development, these companies had indeed achieved very impressive sales results.
Nippon Steel was also very interested in this collaboration. After all, coupled with the Moore family's strength, land, and certain experience in the steel industry, they were actually a very good potential partner for Nippon Steel.
So, both of them had hit it off immediately, and all that was left was the discussion and formulation of the collaboration and partnership details.
Jasmine's intention was for the Moore family to hold 5 1% of the shares while Nippon Steel holds 49% of the shares, but Nippon Steel's intention was for them to hold 51% of the shares, whereas the Moore family could hold 49% of the shares.
Even though it was just a very slight difference in the proportions, this would ultimately determine who would have the final say in the company.
who had 51%
absolute power to
soon as the controlling rights were handed over to Nippon Steel, the Moore
and forth at the negotiating
is common practice for the local company to hold onto 51% of the shares, and the overseas company would hold onto 49% of the shares. After all, the
the vice-chairman 0 f Nippon Steel.
years old this year. In a society such as Japan, where qualifications were extremely important, the fact that Kazumi could climb up to the core management at such a young age proved that he was a very capable person.
model in the automobile industry that you are talking about. However, that kind of collaboration model is not suitable for the
it be suitable for our collaboration and partnership. I
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