Rebirth of the Golden Chaebol

Chapter 514 Acquisition of Hu Corporation

Li Xinghe smiled apologetically at Song Guangming, stood up and walked out.

"Uncle Song, you guys talk first, I'm going to get busy."

Li Xinghe left, Song Guangming's face was shocked, and he slowly turned to look at Xu Shirong.

"Mr. Xu, what...what does this mean?"

"Isn't it obvious enough?"

Xu Shirong smiled.

Song Guangming's eyes widened and he said in disbelief: "You mean... the person who brought down Hu Qiang was... Li Xinghe?"

Xu Shirong nodded and smiled without saying a word.

Needless to say, Song Guangming's guess is correct.

But he really couldn't believe how could Li Xinghe have such a strong background and energy?

How powerful is it to defeat the Hu family in just a few days?

As for Li Xinghe, as far as he knew, he only ran a small company in Qingcheng. If he really had such strong energy, why could the Xu Group go bankrupt?

"Oh my God! How is this possible?"

No matter what, Song Guangming couldn't believe the truth.

"Everything is possible."

Xu Shirong smiled.

Before Song Guangming could fully digest this matter, his cell phone rang.

After answering the phone, Song Guangming was stunned.

"What happened?"

Xu Shirong asked.

"Hu Qiang... committed suicide."

"What?"

Xu Shirong was also shocked. He thought that Hu Qiang's end would be miserable, but he didn't expect that he would commit suicide out of mind.

"Oh my god! This time the Hu family is really doomed!"

Song Guangming murmured.

Xu Shirong felt unhappy. Normally, he should be happy that the enemy who killed his wife was dead, but this result made him unhappy no matter what.

After all, it was a human life. He wanted revenge, but he never thought about letting Hu Qiang die.

"Mr. Xu, your son-in-law is really too strong."

Song Guangming sighed.

"The Hu family is finished, Mr. Xu, you have such a strong background to rely on, haven't you ever thought about entering Ming Province?"

"I……"

I have never thought about this before, but once Hu Qiang dies, there will be a large gap in the market in Ming Province. The time to enter is indeed very suitable.

It’s just that this cannot be decided by Xu Shirong alone, it must also have the support of Li Xinghe.

On the other side, Li Xinghe met Ning Sheng and his son in the hotel's reception room, and at the same time received the news of Hu Qiang's suicide.

"Isn't this Hu Qiang's mental endurance too weak?"

Li Xinghe didn't expect this. He originally wanted Hu Qiang to live a life worse than death, but now it's better. Hu Qiang himself chose to end it neatly.

"Mr. Li, when Hu Qiang died, the Hu Group was heavily in debt. His family was timid and decided to sell the company to our Ning family at a low price."

Ning Sheng said: "Because we are related, we won the Hu Group at the lowest price."

This is really a good deal.

Although the Hu Group has heavy debts on its books, if it packages all its businesses and sells them, it should be able to sell them at a good price, at least with a surplus.

But the takeover must have the strength to turn liabilities into profits.

Generally speaking, the Hu Group can be regarded as a high-quality asset. Although it has been squandered a lot by Hu Qiang, without Li Xinghe's fatal blow, the Hu Group can survive even if there is a crisis, and its market value is still two times.

More than one billion.

As long as you get through it, the next profits will be very objective.

It's a pity that the big guys in Ming Province are not optimistic about the Hu Group. In addition, everyone knows that Hu Qiang was brought down by a person with a strong background, so no one dares to take over.

Once it is taken over, I am afraid that before it can make a profit, the company will be suppressed again by this mysterious person, and the gains will outweigh the losses, or even all the money will be lost.

It is precisely because of this that Hu Qiang's family is eager to sell the company, otherwise the mess will be thrown into their hands and Hu Qiang will have to shoulder a lot of debt.

Finally, Hu Qiang's family found the Ning family and begged them to buy out the Hu Group.

Use Hu Group's existing goods and assets to offset the supply payment, and then mortgage several large shopping malls to the bank. In addition, the Ning family's acquisition of Hu Group as a guarantee will stabilize the bank.

"How much did it cost?"

Li Xinghe asked.

"One hundred million."

Li Xinghe nodded and praised: "As expected of the Ning family, they used 100 million to acquire the Hu Group worth more than 2 billion. It's amazing!"

"No, no, if you want to say it's great, it has to be Mr. Li. If it weren't for what you planned before, we wouldn't be able to buy it at this price."

Ning Jiahao pursued.

"Young Master Ning, you're welcome."

Li Xinghe smiled and said: "Since you have acquired Hu's, why do you still come to me to discuss the acquisition?"

Ning Sheng smiled and said: "Mr. Li, we have received a lot of benefits from you, why are we embarrassed to enjoy the fruits of victory alone?"

"We decided to give the Hu Group to Mr. Li."

"Yes, yes, Mr. Li, this is our sincerity."

The father and son seemed very sincere, not like they were deliberately being pretentious.

"No reward for no merit. You spent money to acquire the Hu family. What's the point of giving it to me?"

Ning Sheng said: "Mr. Li, speaking of it, the money for this acquisition is not as much as the gambling money you gave us. If Mr. Li refuses to accept it, then he is looking down on me."

Li Xinghe smiled and said nothing.

"Although the Ning family is severely weakened, it is not a problem to support and operate a Hu Group. Moreover, if you run it by yourself, you will make a profit of at least one billion in less than a year. Are you really willing to give it to me?"

It is not that the father and son have not calculated this account, and based on their budget estimates, the profit can reach at least 2 billion, which is not a small amount of money.

No matter what project you invest in, it is impossible to see such profit results within one year.

The acquisition of Hu's family is definitely a big piece of meat for the Ning family.

During the discussion, Ning Jiahao did not agree to give Mrs. Hu to Li Xinghe. After all, with more than 2 billion, it would be impossible for anyone to be so noble and upright.

But Ning Sheng had his own idea and sent Hu as a gift. This was a good opportunity to hook up with Li Xinghe and tie him up deeply.

It seems like they have lost two billion, but in fact the value of the benefits they can get is definitely more than this amount. At least in Ning Sheng's eyes, Li Xinghe is more important than two billion.

After pondering for a moment, Ning Sheng said with certainty: "Mr. Li, I have already considered this matter. Little Hu, I just think of it as a return gift to Mr. Li."

Li Xinghe smiled slightly and said, "Okay! I appreciate Mr. Ning's decisiveness."

"Let's do this! I'll give you two choices."

"First, I will use 1.1 billion to acquire Hu's. You don't have to do anything. Once you sell it, you will make a net profit of 1 billion without any risk."

"Secondly, I will take over the Hu family, and I will also acquire all the businesses of your Ning Group, and you will get 30% of the shares of our Xingman Entertainment."

Hearing this, the father and son were stunned.

As expected of Li Xinghe, he was very generous from the beginning, which shocked both father and son.