She decided to adopt a joint venture approach, as in the case of the automobile companies, to introduce the cutting-edge technology of Nippon Steel in the steel business.
FAW-Volkswagen, GAC-Honda, GM Ford, all basically adopted this joint venture idea, and these enterprises, after 20 or 30 years of joint venture development, also really achieved very proud sales results.
Nippon Steel is also very interested in this cooperation, plus the Moore family has the strength, land, and also a certain amount of experience in the steel industry, it is also a very good potential partner for Nippon Steel.
So the two sides hit it off right away, and all that remained was the discussion and formulation of the details of the cooperation.
Moore family to hold 51% of the shares and Nippon Steel to hold 49%, but Nippon Steel’s idea was for them to hold 51% and the Moore family to
small percentage difference, but it determines who is in charge of
51% shareholder is the unquestionably largest shareholder, and has the absolute power to
Steel, the Moore family will lose all
the negotiation table, the two sides tug back and forth on this issue, but
up a joint venture company’s rules is the local enterprise share 51%, the overseas enterprise share 49%, after all, the enterprise is established in our country, also should be held by us, this point!
of Nippon Steel, whose full name was
forty years old, in Japan’s society that attaches great importance to seniority, he was able
and smiled slightly, “Miss Moore, I know the kind of cooperation model you are talking about in the automotive
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