Reborn Industrial Tycoon

Chapter 523 Come back soon!

At Sanquan Medical Equipment Factory, the office of the Korean representative was busy, and various "Smecta" sounds could be heard constantly.

People who didn't know better thought that the Korean cadres inside were busy working, but when they walked in, they found that the Korean cadres were packing up things and destroying documents.

This posture makes it clear that he wants to pack up and leave!

Not long after, Niu Gaofeng, the director of Sanquan Medical Equipment Factory, hurried over.

Seeing the Korean cadres throwing documents into the shredder one by one, Niu Gaofeng felt bad, and he immediately found the person in charge of the Korean side.

"Agent Quan, what are you doing?" Niu Gaofeng asked.

"Mr. Niu, we have received an order from our superiors to evacuate your factory immediately," Agent Quan said.

"Withdraw? But the acquisition has just begun, right? Is Daewoo Group going to send others to continue completing the acquisition?" Niu Gaofeng asked puzzledly.

"I haven't heard that anyone else will take over our job." Agent Quan put on a poker face and continued: "The instructions we received are to evacuate from here immediately."

"Agent Quan, is there something wrong with our Sanquan Factory?" Niu Gaofeng asked immediately.

"Your people are very friendly," Agent Kwon replied.

"Did we fail to provide good hospitality?" Niu Gaofeng asked again.

"Your hospitality is very thoughtful. On behalf of all our colleagues, I would like to express my gratitude to you for your hospitality these days." Agent Quan said officially, without any expression of gratitude on his face.

"Then why? Aren't you doing a good job? Why are you leaving? And if you leave, who will be responsible for the acquisition?" Niu Gaofeng continued to ask.

Agent Quan shook his head: "I don't know about that! Although I am an agent, I am only one level higher than ordinary employees. I don't know why the senior management made such a decision. I just followed orders. Since

The company asked us to return to South Korea, so we naturally have to obey the company's orders."

"Go back to South Korea?" Niu Gaofeng was shocked again.

Things have reached the point where South Korean cadres are returning to China. This must be a big deal!

"We have to report to Director Shen quickly!"

Thinking of this, Niu Gaofeng ran all the way back to the office and dialed Shen Yuan's number.

However, the call was immediately hung up.

At this time, Shen Yuan was in no mood to answer Niu Gaofeng's call.

Consultant Park, the representative sent by Daewoo Group, has submitted a statement of divestment to Shim Yuan.

"Withdraw capital?" Shen Yuan asked with his eyes widened and an incredulous expression on his face; "Why does Daewoo Group want to withdraw capital? Is it because it is not satisfied with the acquisition conditions negotiated before?"

"As for the acquisition conditions, I have already received permission from the group headquarters, so it is inconvenient for me to comment further," Consultant Park said.

"Consultant Park, if you are not satisfied with the conditions, we can still negotiate. The worst we can do is sign a supplementary agreement. There is no need to withdraw capital!" Shen Yuan said immediately.

It took a lot of effort to find a foreign investor, but for this reason, they gave up the better conditions of Puppy Electrical Appliances. How can this let people run away!

However, Consultant Park replied: "This is the decision of the group headquarters. The headquarters requested that the acquisition of Sanquan Medical Equipment Factory be stopped and all relevant personnel return to South Korea immediately." Consultant Park said.

"Consultant Park, you Daewoo Group cannot do this. We have signed a contract and should act in accordance with the contract signed by both parties!" Shen Yuan said.

"Mr. Shen, I'm very sorry to tell you that from now on, we will unilaterally terminate the contract and will not perform the contract." Consultant Park still had a poker face.

"Consultant Park, after we signed the contract, the acquisition of Sanquan Medical Equipment Factory has begun. Not only our side, but your Daewoo Group has also invested a lot of manpower and material resources. If you want to terminate the contract now, then all the previous efforts will be lost , but it was all wasted!" Shen Yuan said immediately.

Consultant Park thought for a moment and said: "What we originally signed was to pay 25 million yuan in installments for the acquisition. We have already completed the payment of the first batch of 2 million yuan.

Now that the contract has been terminated, please return the 2 million yuan acquisition payment to us. As for the human resources expenses, they will be regarded as losses and we will bear them ourselves without any compensation from you!"

"What? You unilaterally tore up the contract and we have to pay compensation!" Shen Yuan suddenly became angry.

Consultant Park had a calm expression and said: "Mr. Shen, we have also wasted a lot of time on this project. We did not ask you to compensate for these losses. We just asked you to return the 2 million. We have made a lot of efforts." gave in!"

"But that's not what is written in the contract!" Shen Yuan said in a threatening tone: "Consultant Park, if you cannot perform the contract, we will go to court to sue you, and your Daewoo Group will pay a high sum of money. Liquidated damages! The losses will definitely be much greater than they are now.”

"Then you go and sue!" Consultant Park looked confident.

Shen Yuan said, "Consultant Park, I want to remind you that we are a legal country and there is a contract here. If we really go to court with Bo, the one who loses the case will definitely be your Daewoo Group. Then you will You have to pay liquidated damages!

I know you may think that you are a Korean company. Even if you lose the case, it is impossible for our judicial organs to go to South Korea to collect debts. But don’t forget that your Daewoo Group also has many investments in China.

If nothing else, let’s just say that in our Jinzhou City, your Daewoo Group also has several investment projects, right? The assets of these projects will become the execution targets for liquidated damages!”

"Really?" Consultant Park smiled slightly and said, "Mr. Shen, you probably didn't read the contract carefully, right? The one who signed the contract with you is not Daewoo Group, but Hanyu Co., Ltd.!"

"Hanyu Company is not yet a company under your Daewoo Group!" Shen Yuan snorted coldly.

"But Hanyu Company is an independently operated company. Most of the shares of Hanyu Company are owned by Daewoo China Investment Company, and the equity of Daewoo China Investment Company is held by Daewoo China Company, which is affiliated to Daewoo China Company." Enterprises under the Daewoo Group. In this way, Daewoo Group only indirectly holds shares."

Consultant Park paused and then said, "If you insist on the lawsuit, let Han Yu go bankrupt! But even if you win the lawsuit, you won't get anything! It won't have any impact on Daewoo Group."

When Daewoo Group came to acquire Sanquan Medical Equipment Factory, of course it would not sign the acquisition contract as the group itself. Instead, it specially registered a Hanyu company. And Daewoo Group completed the acquisition of Hanyu through multiple layers of indirect shareholding methods.

Company control.

Once Hanyu Company goes bankrupt, only one Hanyu Company will be liquidated and the legal representative of Hanyu Company will be found. Daewoo Group will not be implicated.

This method is not uncommon in later generations. The actual controllers of many large enterprises are often not the legal representatives of the enterprises. The real boss will not directly hold a large number of shares in the enterprise, but will pass through a series of subsidiaries or subsidiary companies.

, to hold more than 50% of the company's shares and control the entire company.

Once something happens to the company, since it is an indirect holding, it can be easily divested. At most, you will lose this part of the equity, and the debt has nothing to do with you.

Whether it is a limited liability company or a joint stock company, the company's debts are generally repaid with the company's property. For shareholders, what they pay is their own capital contribution or equity, and they will not let the shareholders

Help pay off debts.

Obviously, Daewoo Group had already thought of this when signing the contract, so it specially registered a Hanyu company to sign the contract with Sanquan Factory.

Now that Daewoo Group is preparing to withdraw its investment, Hanyu Company has become a target that can be abandoned at any time.

Shen Yuan and Sanquan Factory naturally did not realize this. Based on their understanding and understanding of business, it is normal for them not to realize it.

Therefore, when Daewoo Group really wants to withdraw its capital, Sanquan Factory will not get any benefits even if it wins the lawsuit. They can directly let Hanyu Company go bankrupt.

Shen Yuan never expected that Daewoo Group would have such a sinister trick, and he was speechless for a moment.

Consultant Park then said: "It will be good for you to return the 2 million to us!"

"The money has been returned to you, what good can there be?" Shen Yuan snorted coldly.

"You can gain the friendship of Daewoo Group!" Consultant Park smiled slightly and continued; "If you return these 2 million to us, it will leave a good impression on the group headquarters.

Our Daewoo Group has a lot of overseas investments. If we invest again in the future, I believe the group headquarters will give priority to you!

On the other hand, if you must keep these 2 million, it will definitely leave a very bad impression on the senior management of the group. If there are any investment projects in the future, I am afraid that you will not be considered here."

Shen Yuan's face darkened. This time, the other party broke the contract unilaterally. He was supposed to be the rightful party, but in the end he was threatened by the other party!

However, Consultant Park's threat made Shen Yuan have to think seriously. After all, Daewoo Group is a large international company. If Daewoo Group never invests again for a mere 2 million, it will definitely be more gain than loss.

After pondering for a moment, Shen Yuan had no choice but to say, "Counselor Park, this matter is not something I can decide. Well, I need to ask the leader for instructions before making a decision!"

…

Daewoo Group's divestment came very suddenly, and Shen Yuan naturally wanted to find out the reason for Daewoo Group's divestment.

Jinzhou originally had many Korean-owned companies and many Koreans working in Jinzhou. Shen Yuan started to make connections and inquired in detail, and learned that not only in Jinzhou, but also throughout Asia,

Daewoo Group is shrinking its capital.

Many overseas investment projects were temporarily suspended, and funds were withdrawn back to South Korea.

Although Shim Yuan is not an economist, he also realizes that there should be a problem with the capital flow of Daewoo Group, so he began to shrink overseas investment.

However, the acquisition project of Sanquan Medical Equipment Factory had officially begun. At this time, the Daewoo Group, as the acquirer, suddenly chose to withdraw its investment, and the entire acquisition project came to nothing.

Leaving aside the fact that the acquired duck has flown away, how to arrange the more than 1,000 employees of Sanquan Factory is a big problem.

If the acquisition had not happened, then the problem would have been easily solved. The company would have no way out. Those who should be laid off would be laid off, and those who should be resettled. Even if employees have complaints, they can only accept it. After all, the general environment is like this.

But the acquisition contract has been signed, which means that Sanquan Factory has found a way out and its employees have saved their jobs. Now that the acquisition is suddenly terminated, it has shattered the jobs of Sanquan Factory and the more than a thousand employees. The consequences are terrible. That's serious.

The hatred for destroying people's jobs is irreconcilable! Shen Yuan could predict that many employees from Sanquan Factory would inevitably appear in the petition department.

The failure of this acquisition will inevitably require someone to bear responsibility. As the direct handler, Shen Yuan is most likely the person to bear responsibility.

Thinking of this, Shen Yuan suddenly had a headache.

"If I had known that Korean companies were so unreliable, I shouldn't have sold Sanquan Factory to them at that time. If it had been sold to the Puppy Group, Sanquan Factory might have resumed production by now!"

Thinking of this, Shen Yuan's heart was full of regrets. If there had not been a fascination with foreigners and a superstitious belief in foreign capital at that time, Sanquan Factory would not be in the mess it is today.

The next second, an idea suddenly flashed in Shen Yuan's mind.

"Otherwise, I will go talk to the Puppy Group and see if they still want the Sanquan Factory. As long as I can sell the Sanquan Factory and save the jobs of more than a thousand employees, then I will be able to make up for my fault. Got it!"

Fortunately, Teacher Sun Nan hasn't released the album "Aurora Australis" yet, otherwise Shen Yuan would definitely think of the song "Come Back Soon" in Shen Yuan's mind at this time!

…

Lu Guangming came to Li Weidong's office excitedly.

"Director Li, Shen Yuan from Jinzhou City called me again and said that Daewoo Group has withdrawn its investment. He asked us if we are still interested in Sanquan Factory?" Lu Guangming looked happy.

"You shouldn't directly answer that you are interested, right?" Li Weidong asked.

"Of course you wouldn't say that, I'm not stupid." Lu Guangming continued; "I told Shen Yuan that we have inspected several southern companies and have begun to discuss specific acquisition details.

Then Shen Yuan begged me to consider Sanquan Factory again. I talked to him for a long time before reluctantly agreeing and saying that I would report to you.

When I called him back later, I told him that you were originally not planning to consider Sanquan Factory, but I said a lot of good things and finally made you change your mind and reconsider Sanquan Factory!"

After all, Lu Guangming was a medical representative, so he could pull off such scheming tricks easily.

Just listen to Lu Guangming continue to say: "I asked a friend in Hong Kong Island to inquire and said that Daewoo Group has recently begun to sell off assets on a large scale, and its ongoing overseas projects have also stopped. It seems that there is a problem with the capital chain.

Chairman, you are really clever. Daewoo Group is a company with a market value of more than 60 billion US dollars. For such a giant, if you mention a problem, it will go wrong!"

Li Weidong answered: "This is not just a problem for Daewoo Group, but a problem for South Korea as a whole. The fire of the Asian financial crisis has finally reached South Korea! In the next year, South Korean companies will not have a very good life.

"

…

During the Asian Financial Crisis, South Korea suffered heavy losses and almost sold the entire country to Wall Street to survive. Large companies and banks became foreign-owned holdings, and South Korea as a whole became a wage earner on Wall Street.

South Korea's problem is the same as that of Southeast Asian countries. It is a debt problem. For example, using short-term loans for long-term investment, borrowing in U.S. dollars and Japanese yen, and borrowing in local currency.

Although this can attract a large amount of overseas investment in a short period of time, it will make the monetary system vulnerable to attacks.

Unlike Southeast Asian countries, South Korea has a large amount of domestic debt, which is caused by mutual guarantees between companies, and these companies are related to chaebols.

South Korea's economy is controlled by large chaebols, which have many subsidiaries and are involved in various Korean companies.

When these subsidiaries lack funds, they will obtain bank loans through mutual guarantees.

What's more, when South Korea's financial industry opened up, the chaebols themselves had bond companies, which made it easier for subsidiaries to guarantee each other.

South Korea's policy originally encourages banks to lend to these chaebols, so the review of such subsidiaries' mutual guarantees is relatively loose.

A guarantees B, B guarantees C, and C guarantees A, and then everyone gets a loan. This kind of mutual guarantee is inherently risky. Once there is a problem with one of the links, everyone will be finished together.

When the Asian financial crisis hit, South Korea had a certain degree of resistance. After all, South Korea is a wealthy industrialized country, and its ability to withstand financial risks is certainly much stronger than that of poor countries.

However, South Korea's large chaebol subsidiaries guaranteed each other, which caused South Korea's financial system to collapse instantly after the Asian financial crisis.

For South Korean chaebols, as long as there is a problem with one of its subsidiaries, the other subsidiaries will fall together like dominoes, taking the entire chaebol with them.

This is what the Daewoo Group is like. In 1996, the Daewoo Group formulated an expansion strategy, and expansion requires money, so the Daewoo Group obtained a large number of loans through mutual guarantees between subsidiaries.

So when the financial crisis broke out, Daewoo Group was one of the chaebols to file for bankruptcy.

Because their business was too large and there were too many loans between subsidiaries, the flow of funds was instantly cut off and they could not be saved. In the end, more than 60 billion US dollars of assets were all cheapened by the Americans.

This kind of situation can only happen in South Korea. In order to develop the economy, South Korea has allowed the barbaric growth of chaebols and even encouraged the growth of the economy. And the hidden dangers caused by such interference will eventually explode one day.

It can be said that the chaebol economy has shaped South Korea's economic growth and has also brought unsolvable structural problems to South Korea's economic system.

If one day, South Korea's economy collapses again, the problem will definitely come from the chaebols!

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