Resource Tycoon Reborn
Chapter 122: Samsung's shareholding structure (seeking a monthly ticket)
Moreover, the more he got to know Fang Mingyuan, the more strange Li Jianxi became. How did the Fang family, who was born in Pingchuan Haizhuang, cultivate such a "freak" in the first place?
In his opinion, Fang Mingyuan's performance over the years cannot be cultivated even by these wealthy families in South Korea. Even Li Jianxi himself does not have this ability. His four children are better among their peers in South Korea.
, can be called a momentary hero, but compared with Fang Mingyuan, this level is not even a little bit different. And Li Jianxi himself cannot cultivate such a genius, and he does not think that other families in South Korea can have such a genius.
Such "freaks" appear.
"Xintong, are you interested in being his new assistant?" Li Jianxi pondered for a moment and said in a deep voice.
"Ah?" Li Xintong was startled and looked at her father in surprise. Did she hear it correctly? Li Jianxi asked her if she wanted to be Fang Mingyuan's assistant?
"You heard that right!" Li Jianxi tapped his fingers lightly on the table and said, "A daughter is better than her father." When he looked at Li Xintong's expression, he knew that his words were somewhat beyond his daughter's expectations.
Outside.
It is not surprising that the little princess of the Samsung Group worked as an assistant. Her brothers and sisters had actually gone through the same path back then, becoming assistants to the management of various companies under the Samsung Group. This way they could work as quickly as possible.
Quickly learn how to manage a company. Today, Li Xintong is also the assistant to the Korean general manager of Qinchuan Samsung Motors Co., Ltd. But this kind of assistant is said to be an assistant, but in fact, it is the old officials of the Samsung Group who assist Li
The next generation of the family is growing up. And Li Xintong is going to be Fang Mingyuan's assistant, which means she is going to work seriously. The nature and meaning of this are completely different.
Li Jianxi also had no choice but to do this. Although when Fang Mingyuan bought shares in Samsung Group, he promised that after ten years, the Li family could partially or even fully redeem Fang Mingyuan's shares. However, after a few years, although Li Jianxi
The family's wealth is accumulating rapidly, but Samsung Group is also developing faster and faster.
Naturally, Fang Mingyuan was involved in this, and Fang Mingyuan was the matchmaker. Samsung Group's products entered the Chinese, Japanese, American and European markets much more smoothly than before the Southeast Asian financial crisis. Although the Korean government has been committed to
Chaebolization. The government’s financial and policy support for these chaebol groups is consciously controlled. However, the development of Samsung Group has received strong support from the Second Gulf Bank. From a financial perspective, it is much more abundant than other group companies in South Korea. And
With the help of the Fang family, the Samsung Group's process of establishing a joint venture in China was quite smooth.
However, these are nothing compared with Fang Mingyuan's guidance on the direction of development. Fang Mingyuan seems to be born with extremely keen insights into the development trends of world electronic products. He selected several people for the Samsung Group
No matter how unreliable the development direction of electronic products seemed at the time, the final results showed that his choice was right. This enabled Samsung Group to avoid many detours and save money when developing new products.
It has invested a large amount of R&D funds. More importantly, this has enabled Samsung Group to always keep up with the development trend of electronic products in the world!
This is a terrible ability. You must know that there are countless well-known companies in this world because they have misjudged the economic and product development direction. They invested too much manpower and material resources in the "wrong" technology, but failed.
They didn't get the rewards they deserved. At worst, their vitality was severely damaged, and at worst, they eventually faced bankruptcy and liquidation.
In the past few years, Samsung Group has completely avoided this risk, which has made Samsung Group's management more and more aware of Fang Mingyuan's status as a major shareholder. If the Fang family powerfully took over Samsung Group back then, they
They had to recognize the status of the Fang family's major shareholder due to financial pressure, so now, these people have psychologically recognized the status of the Fang family - with such a unique vision of the boss, they save a lot of worry.
, and the rapid development of Samsung Group has also brought them huge profits.
Now, even his right-hand man, Yin Zhonglong, the president of Samsung Electronics and the vice chairman of Samsung Group, is full of respect when he talks about Fang Mingyuan. Li Jianxi even sometimes doubts that if there is
One day, when Fang Mingyuan plans to walk to the front desk in person and serve as the chairman of Samsung Group, will these people welcome him without hesitation?
Although, so far, Fang Mingyuan has never skipped over himself on major matters and directly issued orders to the following companies, and all kinds of cooperation have been negotiated with him, but Li Jianxi always has this feeling in his heart.
It is not so practical. Since the Samsung Group was founded by his father, the Li family only owns 30% of the shares in it and has lost control of the group company. This has made Li Jianxi sleepless at night.
If he loses the rights to daily operations and management and is completely reduced to a shareholder who receives dividends, then he will simply be embarrassed to see his father who is under Jiuquan.
It's just that...even of the 30% equity, the Li family only really owns 21% of it so far, and the remaining 9% is mortgaged in the bank.
Samsung Group was originally a listed company. Although it was founded by Li Jianxi's father, the Li family's shares in it did not reach absolute control. The reason why Li Jianxi was able to control Samsung Group was because of the pyramid and the
Cross-shareholdings, the group's subsidiaries are closely connected. Cross-shareholdings and complex pyramid structures allow members of the Lee family to control the entire group to the greatest extent while owning limited shares. Before the Southeast Asian financial crisis, Samsung Group had a large number of
of other shareholders.
However, a sudden financial crisis brought Samsung Group to the brink of bankruptcy and liquidation. At that time, many chaebol companies in South Korea had already been or were about to be liquidated, which caused extremely heavy losses to those shareholders. When the financial crisis came,
, cash is king, especially the US dollar, which is what many investors are chasing.
Fang Mingyuan seized this opportunity and invested huge amounts of U.S. dollars in Samsung Group while acquiring equity interests in other people's hands. At that time, due to concerns over when the financial crisis would end, or whether it would continue to expand, and the Korean economy
The uncertainty of the future was also due to the rapid decline in the exchange rate of the Korean won against the U.S. dollar. This series of blows gave other shareholders of the company a sense of crisis as if they were facing an abyss. In addition, the price offered by the Fang family was quite reasonable at the time, and more importantly
What is interesting is that Hong Kong Zhuanghai Investment Company had an agreement with those shareholders who had first reached an equity sale agreement. Only when the total shares of Samsung Group that reached an acquisition agreement exceeded 60%, these equity acquisition agreements would officially take effect.
Therefore, these shareholders are also putting pressure on those shareholders who are unwilling to take action. In the end, the shareholders of Samsung Group exchanged their equity for US dollars.
Although the U.S. dollars were not all paid to them at that time, the guarantees from Gulf Second Bank and Canada's MO Financial Group also made these shareholders feel reassured.
In this way, Hong Kong Zhuanghai Investment Co., Ltd. swallowed 70% of the shares of Samsung Group, and the remaining 30% was left to the Li family. This number is even larger than the shares of Samsung Group they previously owned.
More. However, the Li family lost control of the group company.
The Li family also needs to pay money to purchase the 30% of the shares, including almost 5% of the shares. In addition, Li Jianxi and the Fang family jointly established Qinchuan Samsung Automobile Co., Ltd. in Tongyi.
The funds needed for the responsible company and his acquisition of Ssangyong Motor Company in South Korea naturally required loans, so 9% of the shares were mortgaged with the Second Gulf Bank.
When Samsung Group had only two shareholders and no public shareholders, its subsidiaries withdrew from the Korean stock market and became a private company.
Over the years, those shareholders who originally withdrew from the Samsung Group, although they said they got their funds back, regretted it. The rapid development of the Samsung Group and the recovery of the Korean economy have made the Samsung Group the largest in South Korea.
A chaebol, and an unlisted chaebol.
Many people hope that Samsung Group can be listed, even if its subsidiaries are listed, but this matter has come to an abrupt end when it comes to Li Jianxi and Fang Mingyuan. On this matter, the two people's views are quite different.
Consistent, what is the purpose of listing a company? It is nothing more than to obtain more sufficient development funds, to improve the company's structure, to obtain the appreciation of equity, to effectively disperse the huge risks caused by concentrated investment, and to effectively enhance the brand value and
Market influence... none of these are problems for the current Samsung Group.
For development funds, Samsung Group has the support of Gulf Second Bank, Canada's MO Financial Group and local Korean banks. During the period when the company is booming, it is still easy to borrow money.
In order to improve the company's structure and effectively enhance the company's brand value and market influence, this no longer makes much sense to Samsung Group, which was once a listed company and is now South Korea's largest company.
As for the huge risks arising from diversified and concentrated investments, Li Jianxi and Fang Mingyuan believe that in the short term, this risk is still within the controllable range.
To put it bluntly, neither Li Jianxi nor Fang Mingyuan wanted to have more constraints during this period.
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