Resource Tycoon Reborn

Chapter 936 The dust has settled

At two o'clock in the afternoon on January 11, 2010, in Walkerhill, Seoul, South Korea, Hyundai Motor Company formally signed a contract with the bank creditors of Hyundai Construction Company represented by Korea Development Bank. Hyundai Motor Group Company signed an agreement with 48

At a price of US$20 million, 39% of Hyundai E&C's shares were acquired from Hyundai E&C's bank creditors. Kim Junho attended the signing ceremony as a representative of Korea Development Bank.

Jin Junhao looked at the long table where the signing documents had been placed, and he still felt a little regretful. Since Texas Pacific Group Corporation suddenly announced that it would acquire 39% of the equity of Hyundai Construction Company, it had always been

They finally had the opportunity to sell the shares of Hyundai Construction Company that "no one cares about". However, at that time, they, the creditors, did not expect that due to the struggle between Texas Pacific Group Company and the Zheng family, the purchase price would be reduced.

It has been rising again and again, and now, it has reached more than 4.8 billion US dollars!

It was just this last bid. They originally thought that Texas Pacific Group would not let go so easily and would bid more than 5 billion US dollars. However, after Hyundai Motor Company raised a bid of 4.8 billion US dollars,

Later, after hesitating for a few days, Texas Pacific Group Company suddenly announced that it would give up the acquisition of Hyundai Construction Company's equity, which disappointed creditors like them. Due to Texas Pacific Group's decisive withdrawal, neither the Zheng family nor the

They, the creditors, are all afraid of another accident if they have long nights and dreams, so what happens next becomes very fast. As long as they and the president of Hyundai Motor Company sign these two contracts, then the acquisition will be officially completed!

Controlling stake in Hyundai Construction Company will return to the hands of the Chung family.

Jung Sunhan attended the ceremony as one of the representatives of Hyundai Motor Company. Standing next to the president, although his face was still quite calm, he was extremely excited in his heart. Hyundai Construction Company expressed its gratitude to the Jung family

It has a special meaning. Back then, his grandfather started from the founding of Hyundai Construction Company and gradually created the largest Hyundai Group Company for the Zheng family! Back then, when mentioning South Korea, it was inevitable to mention Hyundai Group Company.

Their Zheng family is just like today's Samsung Li family.

However, the Asian financial crisis that year caused a severe setback to the Korean economy. Many corporate groups were in operating difficulties and even on the verge of bankruptcy. Hyundai Group was no exception. In order to enable the group companies to successfully survive the crisis, Hyundai

The equity of the construction company was mortgaged to bank creditors in exchange for huge loans. After the economic crisis, the company's business got back on track, but my grandfather passed away, which also caused Hyundai Group to split into three group companies. The equity of Hyundai Construction Company

It has always been in the hands of bank creditors.

Fang Mingyuan and Xuan Zhenen attempted to use Texas Pacific Group Company to acquire the equity of Hyundai Construction Company to contain and influence the re-emergence of the Zheng family. This move was ruthless. Once they succeeded, not only the Zheng family would reorganize Hyundai Group Company

The plan will be broken, and it will be restricted in every way because Hyundai Construction Company is controlled. Fang Mingyuan and the others can even use this to extend their hands to Hyundai Motor Group Company and Hyundai Heavy Industries Group Company. Fortunately, this final battle

The battle ended with one's side winning, and the worst outcome did not occur. This made everyone in the Zheng family breathe a sigh of relief.

However, Fang Mingyuan and Xuan Zhenen cannot be said to have failed. Although the Zheng family controls Hyundai Construction Company and can in turn influence the companies controlled by Xuan Zhenen, but the US$4.82 billion

The expenditure has brought the working capital balance of Hyundai Motor Group Corporation and Hyundai Heavy Industries Group Corporation to the limit. If this economic crisis cannot be ended in the next two years, I am afraid that in five or six years, the Zheng family will face the challenge of Shang Xuan Jin Eun.

They are all powerless. And who can say for sure what Korean society will be like in five or six years? This can only be said to be a tragic victory. Although the Zheng family regained control of Hyundai Construction Company

, and successfully blocked the forces of Fang Mingyuan and Xuan Zhenen from outside, but were unable to counterattack them.

Thinking of this, Zheng Xuanhan couldn't help but feel helpless and resentful towards Fang Mingyuan. If he hadn't intervened in the Zheng family's family affairs to stir up trouble and support Xuan Zhenen, how could he have caused so many things?

Come!

But facing Fang Mingyuan and Xuan Zhenen, they could only passively defend at this time, and their counterattack could only wait for the future. Although Fang Mingyuan gave Jeju International Airport Customs a beating, although it did not cause a fuss, the Zheng family already knew about it.

The ins and outs of the matter. Although I am dissatisfied with Park Yeechan's handling, I also understand that if it were another Chinese person, they would be careless and delay the time. When the matter is over and the other party's anger has subsided, naturally nothing will happen.

, but the other party Mingyuan cannot do this.

Although the Jeju Special Self-Government Province is small, the political status of its governor is not low. Fang Mingyuan was able to force Park Yeolcan and Jeju Customs to make concessions so easily. Not only did he have to apologize to those Chinese people, but he also had to

The rectification of Jeju International Airport and Jeju Customs is enough to show how much influence he has on Korean society at this time!

At the signing ceremony, there were nearly a hundred media personnel to witness this moment. Hyundai Motor Group Corporation and Hyundai Heavy Industries Group Corporation are reorganizing and rebuilding Hyundai Group Corporation. It is no secret now, and many Koreans are happy to see the results.

, after all, the name Hyundai Group Company has represented South Korea for a long time in the past! Today's economic situation is not optimistic, and people are naturally full of nostalgia for that period of rapid economic development. People hope that the divided Hyundai Group Company can be reunited.

Established to regain its past glory, it has become a powerful motivation for South Korea's economic development, allowing the South Korean economy to get out of the quagmire as soon as possible.

As the earliest among the old Hyundai Group companies, Hyundai Construction Company, which is of great significance to Hyundai companies and many Koreans, has had 39% of its equity repurchased, which is regarded by many Koreans as Hyundai.

An important symbol of the reconstruction of the group company!

When Kim Junho and the president of Hyundai Motor Company signed the contract and exchanged the text before signing, the flash lights lit up! When they finished signing and raised the text to show to the crowd, some people in the venue even cheered.

The scene was very lively for a while!

When the news reached Fang Mingyuan's ears, he was in Yazhou, Qionghai Province. On January 8, "Several Opinions on Promoting the Construction of Qionghai International Tourism Island" was officially announced, pushing Qionghai Province once again to the top of the list.

In front of the vast number of investors, the Fang family had already invested and constructed in Qionghai Province many years ago. Taking advantage of this opportunity, Fang Mingyuan took the opportunity to personally visit Qionghai Province to inspect the current situation here.

Qionghai Province naturally welcomed Fang Mingyuan's arrival with both hands. Fang Mingyuan had just moved into his residence in Yazhou. Not long after, the first and second leaders of Yazhou called, followed by the first and second leaders of the province.

Hand in hand, the next day, Yuan Jinjiang, executive deputy governor of the Qionghai Provincial Government in charge of economy, rushed over in person.

It's no wonder that Qionghai Province attaches great importance to Fang Mingyuan's arrival. Not to mention Fang Mingyuan's previous large investments in Qinxi Province and the three northeastern provinces, which made countless officials in the country jealous. Just relying on the Fang family's companies in Qionghai

Many branches in the province are now the banner of private enterprises in the province, and the total amount of taxes paid every year ranks first among all enterprises! Even state-owned enterprises such as petroleum, telecommunications, and banks where state-owned capital occupies a monopoly position also

It cannot be compared with it. Especially in the shipping industry, retail industry, real estate industry, film industry and tourism industry, the companies under the Fang family are leading companies among their local counterparts. Every year, nearly one-third of Qionghai Province’s agricultural products are produced.

It was purchased by a company under the Fang family and shipped to other countries for sale outside the island.

It can be said that the economic status of the Fang family enterprise in Qionghai Province is somewhat similar to that of Samsung Group in the Korean economy. This makes the officials of Qionghai Province not pay attention to his arrival!

The "Several Opinions on Promoting the Construction and Exhibition of Qionghai International Tourism Island" passed a few days ago will undoubtedly give a strong boost to the tourism-related industries in Qionghai Province, and Qionghai Province will also usher in a good exhibition.

Opportunity. Fang Mingyuan came to Qionghai Province at this time. Yuan Jinjiang and others believed that this was probably to investigate the future investment of the Fang family in Qionghai Province. Recall that last year, Longxing Construction Group Company invested in Qionghai Province

Officials in Qionghai Province were excited about the acquisition of many pieces of land within the territory.

Fang Mingyuan came to Qionghai Province, just as Yuan Jinjiang and others thought, to inspect the economic status of Qionghai Province on the spot to determine the scale of investment in Qionghai Province in the future. There is another incident.

The thing is, he is waiting for someone.

On January 1st this year, the ASEAN FTA (free trade agreement) officially came into effect. This marked the official launch of the China-ASEAN Free Trade Area. It is China's first free trade area that has reached an agreement with overseas countries, including China and ASEAN.

Eleven countries, covering a population of nearly 1.9 billion! Its success will undoubtedly play a huge role in promoting the establishment of other free trade areas that China is currently promoting. The ten ASEAN countries are important partners of China's foreign trade

, the ten ASEAN countries are China's largest trading partner among developing countries, and also the fourth largest trading partner. In order to realize it, China and the ten ASEAN countries started preparations as early as 2002. Over the past few years, with the

With the signing and implementation of this agreement, the China-ASEAN Free Trade Area is finally ready! 8

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