My 1999
Chapter 599 Xu Liang’s plan
"Mr. Xu, I heard that Qinglong Fund and Pacific Fund under Hanhua are raising funds from outside?"
"Mr. Robertson is interested?" Xu Liang smiled.
"I think anyone with normal intelligence in the world would be interested."
The Exchange Bank of South Korea is no longer the largest foreign exchange bank in South Korea that made all the difference.
During the Asian financial crisis, capital was rapidly lost due to the operating crises of major customers Hynix and Hyundai Group.
It had no choice but to accept capital injections from institutions such as Commerzbank, the Bank of Korea and the Export-Import Bank of Korea, but it failed to reverse its business decline and continued capital losses. Now it is once again facing the bottom of the minimum capital adequacy ratio.
As the CEO of Exchange Bank, Behenan Robinson is under great pressure.
"Mr. Robinson, thank you. As a private equity institution, Hanhua is willing to cooperate with any other investment institutions, including the South Korean Exchange Bank."
Considering that the other party is Hynix's largest creditor, for the convenience of future cooperation, he is not stingy about giving a small share.
"Thank you so much." Robinson said happily.
Others may not know it, but as an insider, he is very aware of how popular the shares of Hanhua's Qinglong and Pacific funds are now. Many people come to offer money, but they are politely declined.
If it weren't for Hynix's relationship, he wouldn't have had a chance.
"I hope Mr. Robinson can help the government with the acquisition of Hynix." Xu Liang also made his request.
Robinson nodded quickly, "Mr. Xu, please don't worry, this matter will be taken care of by me."
He didn't agree blindly.
With the shell of 'Fund No. 3', it is equivalent to giving the South Korean government, which has a good reputation, a step down and avoiding being harshly criticized by domestic public opinion. There is a high probability that acquisition will not be a problem.
"Thank you very much."
Xu Liang smiled and stretched out his hand.
"Haha, Mr. Xu is welcome, we are mutually beneficial."
After sending people away.
"Mr. Xu, the current situation of the Exchange Bank is very bad. Their major shareholder, Commerzbank, has made it clear that it is unwilling to make new investments and has asked the Korean government to promise not to reduce its capital.
As a result, the Korean government has been unable to recover the investment of state-owned banks in the Korea Exchange Bank. At that time, the existing public funds had been used for other purposes and could not inject new capital.
Now, if the South Korean government wants to save the Exchange Bank, it has only one way to find new strategic investors. "Qiu Youren said from the side.
"You mean the Exchange Bank is for sale?"
After Qiu Youren nodded, "I heard that we are in contact with the American private equity investment institution Lone Star Fund."
"No bid?"
"No."
Xu Liang touched his chin and said with a smile: "The people from Lone Star have gotten through to the upper echelons of South Korea."
There are assets for sale in South Korea that require bidding and auditing, as is the case with Hynix. If it hadn't lost so much that no institution was interested, it wouldn't have been the turn of Xu Liang, a Chinese person.
"I heard they spent 10 million US dollars on public relations."
Qiu Youren said.
During my more than a month in South Korea, although my main job was to acquire Hynix, I inevitably received some rumors from the top.
"It has nothing to do with us, let him be."
Xu Liang waved his hand.
"Mr. Xu, Minister Quan took away the registration documents of 'Fund No. 3'." Lu Huidao.
"Just take it, it's for him anyway."
Fund No. 3 is a standard shell. Xu Liang used 6% of the equity to obtain the management rights, and then gave 94% to Sun Mingzhen.
In other words, he handed Sun Mingzhen this big burden of assets of about 10 billion US dollars and total liabilities of 20.6 billion US dollars.
If Hynix can develop, it will be better.
According to the agreement signed by Sun Mingzhen, the equity of Fund No. 3 will be transferred to the "Xu Family Wealth Trust No. 3" in ten years. The actual controller of this trust is Xu Liang.
Of course, there are also the Sun sisters and their children.
It doesn't matter if Hynix loses money and doesn't develop.
When the company went bankrupt, Sun Mingzhen assumed 94% of the debt, while Xu Liang only had to bear 6%.
Sun Mingzhen will definitely not be able to repay the debt of 20 billion US dollars, but she and Xu Liang are only married in name and have no legal connection, so they do not need to bear the debt of 20 billion US dollars.
To sum it up, I can take the benefits and bear the losses.
Of course, even if Hynix really goes bankrupt, with Xu Liang around, Sun Mingzhen's luxurious life will not be delayed.
The worst case scenario is leaving the quagmire of South Korea and starting over.
"what time is it?"
"It's 11 o'clock in five minutes." Lu Hui said.
"It's almost time, let's go."
"Um."
Although Xu Liang hated socializing, he couldn't refuse some socializing.
A private club in Seoul.
"Mr. Xu, we meet again."
"Chairman Li is much younger than when we last met. It seems that Samsung has been developing well recently."
Li Jianxi is already an old guy with half his neck buried in the ground, and he has long been accustomed to such compliments. But coming out of Xu Liang's mouth still made him sincerely happy.
Xu Liang turned his eyes.
"Hello, Miss Li."
"Hello."
Li Yixin said quickly.
Looking at the young man who was one year younger than herself opposite, Li Yixin felt a little complicated.
When the other party came to their home as a guest the year before last, her parents wanted her to get close to him. For this reason, they went to China Central Academy of Fine Arts to study. As a result, the other party did not return to China for a whole year. When she came back, she was in a hurry and never went to school. One lesson made the family's plans come to nothing.
She was also very happy at first. After all, she rejected marriages that were entirely driven by interests.
Although he is unwilling to do so, he will instinctively learn about the other party.
As a result, we can see that Hanhua has made rapid progress in the financial field, raising hundreds of billions of dollars, becoming the world's largest private equity giant in one fell swoop; Hongmeng has spent tens of billions to annex Universal Entertainment, becoming the world's No. 1 company spanning search, pan-entertainment and other fields. An Internet giant.
As the leader behind the scenes, the impression that Xu Liang was young, rich, and talented became more and more profound in her heart.
Most women are admiring people, and without even noticing it, they no longer dislike the man in front of them.
This time her father brought her over, and she didn't refuse.
There was even a vague expectation.
Seeing his daughter's expression in his eyes, Li Jianxi was secretly happy.
Just don’t resist.
Other things can be done step by step.
"Mr. Xu, please sit down."
"please."
After the three of them sat down.
"The food here is good. Mr. Xu, what do you want to eat?"
Li Jianxi waved his hand, and the waiter next to him quickly handed over the menu.
Xu Liang was not polite and ordered six or seven dishes.
"I eat a lot. Don't be surprised by Mr. Li and Miss Li."
"Haha, it's a blessing to be able to eat. Unfortunately, I'm old and can't eat even if I want to."
He shook his head and looked at the high-spirited and prosperous Xu Liang, feeling full of envy in his heart.
Xu Liang smiled and did not continue the topic.
"Is Mr. Xu's acquisition of Hynix going smoothly?"
Xu Liang shook his head, "My Chinese identity is the biggest obstacle."
He is not stupid, how could he discuss details with Li Jianxi.
Although this can't be hidden for long.
"Hynix's debt is too big and it is not a good investment target." Li Jianxi said.
Although he really wanted to make Xu Liang his son-in-law, he didn't want Xu Liang to successfully acquire Hynix.
In the world market, Hynix is the biggest competitor of Samsung Electronics and Samsung Semiconductor, and the gap between the two parties is not large.
The collapse of Hynix will not only eliminate one competitor, but also take up the market share vacated by Hynix.
If Xu Liang takes over, although he has no operational experience in the IT industry, he will have plenty of funds.
The probability of Hynix coming back to life is extremely high.
This was a situation he especially didn't want to see.
"I don't want to acquire Hynix if possible, but other well-run semiconductor companies will not sell to me." Xu Liang said with a smile.
"Mr. Xu is so optimistic about the IT industry?"
"Mr. Li, I work in the Internet, and I also invest in some hard technologies. Although it is not semiconductors, it is still related. As the price of computers continues to fall, the sales of global electronic products will only get higher and higher.
Memory chips are indispensable for every consumer electronic product. "
As the chairman of Samsung Group, Li Jianxi is very aware of this general trend of international development.
This is also the reason why Xu Liang did not mince words.
"Mr. Xu, although the prospects for the development of consumer electronics are bright, the semiconductor industry is extremely cyclical. If one operation is not done well, the funds lost are not hundreds of millions or billions, but billions or hundreds of millions. One hundred million U.S. dollars!"
"Thank you for your warning, but how can you do business in this world where you can only make money but not lose money? I just need to make sure that I make more than I lose. If I end up losing more, I will make the appointment." Xu Liang said with a smile.
He was very clear about Li Jianxi's plan.
He would do the same thing to attack competitors.
"It seems that Mr. Xu has made up his mind?"
"Mr. Li is a senior in the semiconductor industry and IT industry. If you have the opportunity, he would like to teach me, a junior, some operational experience." After saying this, he turned his eyes and said, "Isn't that right, Miss Li?"
Li Yixin did not expect that the topic would suddenly turn to herself.
My heart was shocked and I nodded quickly.
"Dad, I think Mr. Xu is right. It is your responsibility for the seniors to help the juniors and make the South Korean semiconductor industry develop better."
Li Jianxi glanced at his little daughter, whom he always doted on.
Before this happened, I realized that my elbow was turned outward.
If it succeeds in the end, I'm afraid I'll have to sell out all my money.
But that's fine, there's an opportunity to bring two people together.
The corners of Xu Liang's mouth curled up slightly. He did not expect that Li Yixin, who looked very smart, could be so smart.
"Mr. Xu, what do you think of Yi Xin?"
Xu Liang's mouth froze. Before he could eat the melon, he hit himself on the head?
"dad……."
After shouting shyly, Li Yixin lowered her head. But the two little ears are raised very high.
Xu Liangli sighed. To be fair, although Li Yixin was not a beautiful woman, she had fair skin, a tall figure, and delicate facial features. She was considered one of the best in a thousand.
But...Old Li has a son.
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