Resource Tycoon Reborn
Chapter eight hundred and seventy fourth
The Korea Development Bank is South Korea's only policy financial institution. Its purpose is to restore the national economy that was severely damaged after the peninsula's civil war and to provide long-term and stable funds for the development of South Korea's economy. It can be said that more than fifty years after its establishment,
Over the years, the Korea Development Bank has played a representative role of the Korean government in the financial world, and has played an important role in guiding and escorting the development of South Korea's economy. Although it is not as good as in many indices such as asset size and number of employees.
It is not the best in the Korean financial industry, but because it often represents the attitude of the Korean government, it has a great say in the financial industry.
Jin Junhao, as the vice president of the Industrial Bank, is also a guest of many entrepreneurs in South Korea. Naturally, he is no stranger to the Zheng brothers. He has dealt with two companies in the past.
"Two presidents, Texas Pacific Group is indeed discussing with bank creditors to acquire 39% of Hyundai Construction Company's equity." Jin Junhao said to the Zheng brothers who were sitting on the sofa with angry faces.
, "But at present, it is just an intention and has not entered the stage of formal negotiations. We do not think it is necessary to make any notification to the two of you at this stage."
Zheng Mengzhong snorted and said coldly: "President Jin, the equity of Hyundai Construction Company is mortgaged to bank creditors, not sold to you. When you plan to sell, the notification is a procedure that we must perform. I hope you will
Don’t forget this!”
Jin Junhao glanced at Zheng Mengzhong lightly, and Brother Zheng Mengxin said: "Chairman Mengzhong is right. If we plan to sell the mortgage equity of Hyundai Construction Company, we should notify you in advance. This is a necessary procedure. However,
, since you are here today, I also want to ask on behalf of the bank creditors, it has been nearly ten years since Hyundai Construction Company's equity was mortgaged to us, and everyone wants to know when you plan to redeem these shares.
Equity? Can you give us an accurate time?"
A flash of anger flashed in Zheng Mengzhong's eyes, Jin Junhao was tit for tat!
"We are a bank, and operating a construction company is not our main business, nor is it an area we are interested in entering. The reason why we initially agreed to Hyundai Group Company to mortgage the equity of Hyundai Construction Company in exchange for loans was also based on consideration
The importance of Hyundai Group Company to our country's economy. However, we did not expect that ten years have passed and your family still does not have an accurate time to redeem the equity. You two should also know very well that the company originated from the United States
The financial crisis caused by the subprime mortgage crisis has had a huge impact on the global financial industry, and our country's financial industry is not immune. Now everyone has insufficient funds. If your family can take back the equity of Hyundai Construction Company, wouldn't it be great?
Everyone is happy?" Jin Junhao said.
Zheng Mengzhong and Zheng Mengzhong were racing past with a million dollars of confidence. During the economic crisis, life was difficult for banks, but life was easy for enterprises? Even if Hyundai Motor Group and Hyundai Heavy Industries Group still have some funds on hand, but in the
Now that the turning point of the economic crisis has not been seen for a long time, how can we dare to spend this money? If something happens, if we have no money on hand, we will no longer be able to borrow money, and even the Daewoo Group will bear the consequences of the broken capital chain.
I can't afford it, let alone them!
"Hmph!" Looking at the two old faces of the Zheng brothers, Jin Junhao snorted in his heart. He could not afford the money to take back the equity of Hyundai Construction Company, but he also did not want the equity of Hyundai Construction Company to fall into the hands of others.
Such a good thing! There are actually people who come to ask questions!
Jin Junhao can sit in the position of vice president of Korea Development Bank, so he is naturally a person with background and strength, and this matter is not his idea alone, but the embodiment of the collective will of the bank's creditors. Now,
This is a time when cash is king! Equity? Look at how low the Korean stock market has fallen. A construction company is not a financial institution, nor is it a high-tech industry with great development in the future. What is the use of holding it? If it weren’t for modern times
The importance of related enterprises to domestic economic development. If it were not for the influence of the Zheng family in the country, if it were not that no other family in the country had expressed interest in acquisitions, and if it were not for the good performance of Hyundai Construction Company in recent years, they would
I have no interest in holding its shares long term.
As a well-known private investment company in the United States, Texas Pacific Group is willing to take over the equity of Hyundai Construction Company. It is undoubtedly a good choice for people like them. A construction company is not involved in South Korea's economic development at all.
It is not a sensitive industry at all, and American capital can be said to have unimpeded access in South Korea. If the other party is willing to enter, even the government has no good reason to refuse. And for these banks, billions of dollars of funds can be recovered in one go.
Secondly, they could also form a good relationship with Texas Pacific Group Company, why not? But they didn't expect that as soon as the formal contact between the two parties started, the news spread, and the Zheng brothers came to visit.
.
"You two, according to our contract back then, do we have the right to transfer these shares today? You only have priority under the same conditions. Since you two are here, I represent the bank creditors of Hyundai Construction Company
We have formally notified you two that we have decided to start negotiations with Texas Pacific Group Company on the equity transfer of Hyundai Construction Company. A specific written notice will be sent to the two Chairman Hexuan within two days!"
Jin Junhao said solemnly.
The Zheng brothers were filled with bitterness. They also understood that since Jin Junhao dared to say this, it means that the bank creditors of Hyundai Construction Company have basically reached a consensus. If they cannot come up with money to recover the equity, then as long as they
If Texas Pacific Group offers the right price, Jin Junhao and the others will really sell it! And even if they decide to take back the equity of Hyundai Construction Company, the price must be roughly at the same level as Texas Pacific Group.
Have the right to use priority.
The meeting broke up unhappily. On the way back to the mansion, the Zheng brothers all had frosty expressions on their faces. Their entourage was all silent and did not even dare to speak out. The atmosphere in the car was extremely depressing.
It wasn't until they entered Zheng Mengzhong's study and everyone else left that the Zheng brothers breathed a sigh of relief. Zheng Mengzhong said: "This time we were negligent!" Hyundai Construction Company has been mortgaging its equity for nearly ten years.
, since no outsiders have ever had any idea of it, even they often can't think of what kind of trouble it will cause if the leadership of Hyundai Construction Company is lost.
"But Texas Pacific Group spent more than one billion dollars to buy shares of Hyundai Construction Company just to get involved in our company?" Zheng Mengxin still couldn't understand. From the information obtained, Texas Pacific
The group company should not be interested in modern construction companies, and the construction industry is not their main business.
Zheng Mengzhong, who was looking through the documents on the desk, suddenly slapped the desk and said bitterly, "Texas Pacific Group may just be pushed to the front desk to attract our attention. I suspect that the people behind it may still be
Fang Mingyuan! Texas Pacific Group and the Fang family had a cooperative relationship when they acquired MGM Films. This bastard!"
Zheng Mengxin immediately sat up straight and said in surprise: "Are you sure?" If Fang Mingyuan was behind Texas Pacific Group, things would undoubtedly be more difficult.
"Well, this is the document that was just sent to me. It clearly mentions that Texas Pacific Group Corporation cooperated with a number of companies to jointly acquire the MGM Film Company in Hollywood. And MGM Film Company is now
The manager is the Fang family." Zheng Mengzhong handed the document to Zheng Mengxin.
Zheng Mengxin's face turned pale after reading it. He usually doesn't care much about things in the entertainment industry, let alone Hollywood on the other side of the ocean. But this document was issued by the most famous investigative agency in South Korea, and as long as
It is not difficult for people of their class to find out the identity of the management and shareholders of MGM Film Company if they are willing to do so. These investigative agencies do not dare to deceive and deceive them about such an important matter.
"If Fang Mingyuan is really behind Texas Pacific Group, and if they really get 39% of the shares of Hyundai Construction Company, then adding the shares in the hands of that bitch Xuan Zhenen,
They have complete control of Hyundai Construction Company. And Hyundai Construction Company owns shares of Hyundai Merchant Marine and Hyundai Elevator Company... In this case, it will be much more difficult for us to take back control of Hyundai Group Company. Even if we buy it
"Other shareholders, Xuan Zhenen can also have excuses to refuse to agree." Zheng Mengzhong said with a sullen face. In South Korea, the influence of American companies is greater than that of other foreign-funded enterprises. If Texas Pacific Group publicly
If you object, I’m afraid other shareholders will have to think twice!
"What's even more troublesome is that if they own Hyundai Construction Company, they can put their hands into our company to stir up troubles and make our own position unstable. We must guard against this!" Zheng Mengzhong continued
Dao. When the two of them split Hyundai Motor Company and Hyundai Heavy Industries from the Hyundai Group, their brother, Hyun Jin-eun’s husband and the former chairman of the Hyundai Group, had always wanted to separate the two companies.
He was taken back to the Hyundai Group Company. It's just that the reality does not allow him to have the conditions to put his ideas into practice! And if there are conditions, will Xuan Zhenen think of the regret of his late husband?
Even if it is not for their dead brother, the Zheng family has caused chaos to Hyundai Group Company in recent years. If Xuan Zhenen has no revenge at all, they themselves will not believe it!
When they think that on the board of directors of their company, there will be directors who have been instructed by Xuan Zhenen or Fang Mingyuan to interfere or deliberately vote against, and the company's secrets will be continuously leaked, the two people's expressions can't help but change.
Green and white.
The way the Zheng family controls these two group companies is not fundamentally different from most corporate groups in South Korea. At the same time, it uses relatively small amounts of capital to mobilize large-scale funds like a snowball. The core enterprises
Therefore, shares have become particularly important. As for the huge group company, the part that the Zheng family can really directly control would be good if it can reach 10%. Under normal circumstances, through the cooperation in the board of directors,
, the Zheng family has been able to ensure that the entire company will not escape its control in the general direction, but this will inevitably leave many loopholes for opponents to exploit.
It's just that it's not easy for the opponents of the Zheng family to exploit these loopholes. Moreover, these families in South Korea are not willing to lose both sides with the Zheng family and let others take advantage. So like
These wealthy families in South Korea, apart from arousing public anger and the government taking action, are either causing internal strife within the family and making mistakes on their own. Otherwise, external forces will only damage their muscles and bones at best, and will not be able to overthrow them. However,
The Zheng brothers did not expect that Youxuan Zhenen, a "traitor", and Fang Mingyuan, a foreign enemy, would actually think of using Hyundai Construction Company to target them.
This killer weapon has forced them into a dangerous situation at this time. Where can they find enough funds to take back the shares of Hyundai Construction Company? If the company's reserve funds are exhausted for Hyundai Construction Company,
Once an accident occurs, or someone launches a hostile takeover of the core companies of the two major group companies, how will they respond? However, they cannot completely ignore it. The result of ignoring it will also make them feel like they are in trouble!
To say that there is no trace of regret in the hearts of the two of them at this time is definitely an overestimation of their willpower. It would be better to let Fang Mingyuan and Xuan Zhenen toss around in Hyundai Group Company, whether it is Hyundai Elevator, Hyundai Merchant Ship or Hyundai
Steel company, none of these three companies has caused them such difficulties as Hyundai Construction Company!
But they were the ones who lit the fire. They were the ones who spread the rumors about the merger between Hyundai Motor Group and Hyundai Heavy Industries. In the eyes of Xuan Zhenen and Fang Mingyuan, this act was tantamount to their intention to attack Hyundai Group.
War drum! Originally, the two of them planned to subjugate the enemy without fighting, to intimidate Fang Mingyuan from intervening in Hyundai Group Company, to pressure Xuan Zhenen to move closer to them, and finally took over Hyundai Group Company relatively peacefully, but in the end, they ended up in the situation where they are now
dilemma!
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