Zheng Qiying quickly raised his hand, asking Park Zhenhe not to be angry. "Vice President Park, listen to me, this project requires a huge investment..."
"Are you saying that DS is not as good as Sanfeng in terms of funding?"
"No, that's not what I meant. I think a project this large should be carried out by a company with relevant experience. DS Group certainly has the capabilities, but this project also requires coordination with numerous local companies in the United States. DS isn't as good as Mitutoyo in this regard."
Seeing Park Jin Hyuk was speechless, Zheng Qiying continued, "I suggest that Sampoong be the general contractor for this project. I have already discussed this with Vice President Buchanan, and he agrees."
"He agreed?"
In fact, Park Jin Hyuk had already communicated with Buchanan and explained to him that the money for the vaccine should be regarded as earned by South Korea. Therefore, as long as the South Korean company invested the corresponding amount of funds back to the United States, he finally convinced Buchanan.
At the same time, he also reminded Buchanan that he should ask Sanfeng to take practical action as soon as possible.
Zheng Qiying continued to explain: "He is concerned about the smooth implementation of this project. It doesn't matter which Korean company implements it. He hopes that Sampoong can show its determination to implement this project." As he said, he looked at Li Xianyu.
Li Xianyu said: "So Sanfeng plans to start the construction of the photovoltaic power plant at the end of this month."
"So fast? Did you get permission from the US government?"
"We can apply for permits and purchase land to start construction at the same time. After completing the takeover of Company C, we will also start the production of photovoltaic panels."
Starting a project without obtaining government approval involves considerable risks. If the final approval is not obtained, all the investment will be wasted.
The reason why the Sanfeng Group dared to take such a big risk was because they were sure that Buchanan could win the election and hoped to submit their allegiance as soon as possible.
Zheng Qiying said with regret, "Since it has come to this, I think you should give this project to Sanfeng."
Park Jin Hyuk looked at Jung Ki Young and said, "Minister Zheng, I always thought we had a good relationship, but now it seems that is not the case."
"It's better to keep some distance. If politicians get too close to chaebols, it's going to get into trouble."
"They say if you want to truly understand a person, you have to look at how he behaves after he gains power. It seems to be true."
"That's a bit too much." Zheng Qiying said unhappily.
"Is all this my fault?"
Park Jin Hyuk turned to Lee Sun Woo and said, "When we met last time, I made it clear that I could withdraw, but I had to know what I could gain."
"I said, I will give Qingyu to you."
"But why are you still meeting privately with President Kim Sung-in? Are you unwilling to let go of either of them?"
"Meeting with President Jin wasn't about competing with DS for Qingyu, but about Qingyu Logistics."
"For that logistics company?" Park Jin Hyuk asked.
"Sanfeng needs Qingyu Logistics, and my aunt Li Zhenshu has agreed to sell it to me."
"While Sanfeng is carrying out a paid capital increase, it is also planning to acquire Qingyu Logistics. I'm afraid they are still eyeing Qingyu?"
"You think too much." Li Xianyu defended.
Park Jin Hyuk felt the time was right, so he said, "I've come up with a solution to our current problem. Are you interested?"
"Oh? Go ahead." Li Xianyu looked at Park Jin Hyuk with interest.
"You acquired the logistics company to expand Sanfeng's e-commerce company, right?"
Li Xianyu nodded.
"Instead of acquiring a logistics company, why don't you directly acquire DS's e-commerce company? Wouldn't that be more direct?"
“Are you willing to sell your e-commerce company to me?”
"Not only am I willing to sell DS's e-commerce company to you, but I can also promise not to get involved in e-commerce for the next five years."
"Are you serious?" Li Xianyu was stunned.
Sampoong had originally prepared for all-round competition with DS, but now Park Jin Hyuk said he is willing to withdraw from the growing e-commerce business.
“Yes, and I can also completely withdraw from the photovoltaic project.”
"What? You don't want to do it anymore?" Zheng Qiying asked in surprise.
"Mitutoyo has taken away all the major parts. I don't think there's any need for DS to stay in this project anymore."
“…..This is not a good idea. It’s as if we deliberately drove you away.” Li Xianyu said.
"Of course, I do this under certain conditions." Park Jin Hyuk changed the subject.
"What conditions?"
"Give DS e-commerce a good price and compensate DS for its losses from no longer being involved in the e-commerce industry and withdrawing from the photovoltaic project."
"...How much do you want?" Li Xianyu asked.
"DS's e-commerce company was spun off from an internal department, and its scale is not comparable to Sanfeng's."
"I know."
"You know the approximate valuation, right? I'm quoting 1.3 trillion yuan (about 6.9 billion RMB)."
Because Sanfeng had studied other e-commerce companies, Li Xianyu knew that the offer was reasonable.
"How much compensation do you want for no longer being involved in the e-commerce industry?"
"The same price as e-commerce companies, 1.3 trillion, a total of 2.5 trillion, a discount of 100 billion."
Zheng Qiying could only listen to the negotiations between Sanfeng and DS.
Li Xianyu smiled and said, "Then I won't be polite. This price is reasonable. What about the compensation for withdrawing from the photovoltaic project?"
"Twice the price paid for the e-commerce company's acquisition, a total of 5 trillion yuan, as long as you come up with 5 trillion yuan, I am willing to completely give up the photovoltaic project in the United States."
The compensation for withdrawing from the photovoltaic project was higher than Li Xianyu expected, and he lowered his head in thought.
First quote two relatively reasonable prices, and then quote a high price. In this way, the final high price will seem acceptable to people.
After thinking for a moment, Li Xianyu extended his hand to Park Zhenhe and said, "Deal."
Park Jin Hyuk smiled and shook the other person's hand.
*** *** ***
Park Jin Hyuk just presided over the DS Group's temporary president meeting.
After the meeting, the presidents walked out of the conference room one by one with serious expressions.
I thought the content of the meeting would be nothing more than greeting each other and words of encouragement like working hard in the new year, but I didn't expect to hear a series of explosive news.
They gathered around Xuan Yizhu, trying to find out something from him.
"President Xuan, what on earth is going on?"
"I heard about these decisions for the first time at today's meeting," said Xuan Yizhu.
"If that's the case, wouldn't all the big projects the Vice President had planned be ruined?"
"Yes, didn't the Vice President repeatedly emphasize that the logistics business should be the next growth engine?"
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