The Man in Power After Being Married into Her Family novel Chapter 2046

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.

Shareholders who had 51% of the shares would

undoubtedly be the largest, and they would have absolute power to make all decisions about the specific matters of the company. 1

As soon as the controlling rights were handed over to Nippon Steel, the Moore family would lose all dominant positions and power in this partnership. 2