On April 28, Kim Tae-hee gave birth to a son at Eshan Hospital, and named him Song Yi Song Yuanhao.
Although Chen Yuanzhong is Song Yi's eldest son, Song Yuanhao is officially Song Yi's first son.
Song Yi's parents, Kim Tae-hee's parents, Kim Tae-hee's younger brother Kim Hyung-soo, Liao Yu and Song Miao all came to the hospital to visit Kim Tae-hee and her son.
Song Mingzhe looked at Song Yuanhao in the swaddling clothes, and his old face was full of joy. Song Miao looked at Song Yuanhao who was still sleeping, and couldn't help but ask curiously: "Why is my brother always sleeping? Don't babies usually cry a lot?"
As soon as Song Miao finished speaking, Song Yuanhao seemed to hear the noise. He opened his eyes, looked at everyone curiously at first, and then found so many unfamiliar faces, and burst into tears.
When Song Yuanhao started crying, everyone in the delivery room burst into laughter. Liao Yu said to Song Miao, "Look at you, you just wanted to tease your brother, and he started crying right away."
Song Yi knew that Song Yuanhao was hungry, so he held his son and asked Jin Taixi to help feed him. Everyone else in the delivery room left and chatted outside the delivery room.
Song Mingzhe looked at Zhou Shulan and Liao Yu, "Did Taixi have a conflict with Song Yi? They said before that they would hold a wedding after graduation. Now that their son is born, Taixi has no intention of holding a wedding. If this happened in our hometown, we would be laughed at."
In the eyes of the older generation, marriage registration does not mean marriage. It is only considered marriage after holding a banquet and inviting relatives and friends of both parties to witness it.
Seeing that there was no one around, Liao Yu said to Song Mingzhe, "Dad, it's actually Tae Hee who doesn't want to have a wedding. She feels that she and Song Yi have already registered in California and held their wedding in a church, so there's no need to hold it again in Seoul, and Tae Hee doesn't like to appear in crowded public places now."
"Last year, after Tae Hee's university graduation ceremony, a fashion show was held at Seoul University B1 Auditorium. The murderer pointed a gun at Tae Hee. If it weren't for Tae Hee's Aunt Park who helped Tae Hee block the gun, Tae Hee and Won Hao would have died."
"Later, Tae-hee learned that the murderer Kim Si-won saw the fashion show update Tae-hee posted on the inschool website, which also had the location of the B1 auditorium. He found Tae-hee based on the location. Tae-hee felt very guilty. If she had not posted that update on inschool, perhaps Aunt Park would not have died." Liao Yu said.
Song Mingzhe sighed, "Tae Hee is really a kind and good child, but there is no need to punish yourself with other people's mistakes."
"But Song Yi and Tae Hee's parents have no objection to not holding their wedding in Seoul? Korean chaebols are also very particular about these etiquettes. Last year, when Gu Guangmo and Zhou Zhiyi held their wedding, all the celebrities in Korean political and business circles attended, and former President Zhong Xiaotong came to serve as their witness."
"Tae Hee's father is also a businessman. Tongyun Logistics' business has been growing bigger and bigger in the past two years. He also needs a wedding to maintain his relationships with business friends in Ulsan. Why don't Tae Hee's parents urge Song Yi and the others?" Song Mingzhe was a little confused.
Zhou Shulan and Liao Yu looked at each other, and Liao Yu wanted to laugh. Jin Yuwen originally wanted to hold a wedding, but Jin Xiyuan, who returned to China with her daughter a few days ago, completely shattered Jin Yuwen's idea.
Jin Yuwen then learned that his eldest daughter Jin Xiyuan had long been Song Yi's lover, and she had given birth to a daughter, Song Yuanying, for Song Yi in the UK. In addition to having a grandson, he suddenly had a granddaughter.
If Song Yi and Kim Tae Hee hold a wedding, Kim Tae Hee's sister Kim Hee Won will definitely attend. Should Song Won Young show up at the wedding? If outsiders knew that Song Yi married his two daughters at once, wouldn't he be laughed to death? Kim Hyung Soo accepted this very easily. In his words, no matter whether Song Yi married Kim Hee Won or Kim Tae Hee, he had to call Song Yi his brother-in-law. And no matter whether it was Song Won Young or Song Won Hao, they had to call him uncle, so for him, it really didn't make much difference.
In order to settle Jin Xiyuan and her daughter, Song Yi spent a lot of money to buy the villa next to No. 330 Chengbuk-dong, and then connected the walls of the two villas to make it convenient for him to visit Jin Xiyuan and her daughter next door at any time.
Because the two villas are located on two different streets in Chengbeidong, and the gates of the two villas face different directions, it is difficult to notice that the two villas are actually connected through the backyard unless someone uses a drone to take pictures from a high altitude. On the surface, Song Yi bought this villa for Jin Yuwen's family to live in.
The parents of both parties came to Asan Hospital today to pick up Kim Tae-hee from the hospital. Although some entertainment reporters tried to take photos of Kim Tae-hee and her son outside the hospital, the security team did not leave any opportunities for reporters to take photos.
When the whole family returned to Seongbuk-dong, Kim Hee-won was waiting for Song Yi and his family at home. Kim Hee-won saw Song Won-ho sleeping soundly and quickly took the baby from the nanny and refused to let go. Kim Hee-won, who had more than two months of experience in childcare, made Song Won-ho laugh non-stop.
Song Mingzhe was a little surprised to see Kim Hee-won. Since Kim Hee-won was in Seoul, why didn't she go to the hospital to pick up Kim Tae-hee and her son?
"It's true that they are connected by blood. Just now, Hengzhu was holding Yuanhao in the hospital, and Yuanhao didn't cry or make a fuss. He was so well behaved." Zhou Shulan sighed.
Jin Xiyuan was very proud, hugged Song Yuanhao and said: "Of course, I am Yuanhao's aunt."
Song Miao quickly reached out his hand, "And me, and me, I just hugged my brother, and he didn't cry."
Jin Xiyuan returned the baby to the nanny and squatted down to chat with Song Miao. She scratched Song Miao's nose and said, "Oh, Miao Miao is so amazing. I believe Miao Miao must be a good sister who can take good care of her brother and protect him."
Unlike the Kim Hee-won sisters, Song Yi may be a first-time father, so he still hasn't learned how to get along with the siblings Song Yuanying and Song Yuanhao.
For Song Yi, the most important significance of the birth of Song Yuanying and his sister is that the huge business empire of Xinya finally has legal heirs.
For example, when Chen Mengxi, the eldest grandson of Samsung founder Chen Bingzhe, was deprived of his inheritance rights, Chen Mengxi's wife Fu Nansun was able to take part of the shares of CheilJedang and set up CJ Group on her own.
Song Yi is the third generation of the modern family, so Song Yuanhao is the fourth generation heir of the modern family.
If Song Yi was assassinated in Seoul last year, then the huge assets of the New Asia Group left in South Korea would indeed be unable to escape the joint calculations of several major conglomerates and politicians. For example, Li Guangxue even specially visited Zhou Mengjiu and his son of Hyundai Motor for this purpose.
Because once Song Yi died, the entire New Asia system would become leaderless, and the business empire built by Song Yi would naturally fall apart. After all, although Kim Tae-hee was pregnant at the time, the baby in her belly had not yet been born.
However, Song Yuanhao's smooth birth is different. With Song Yuanhao as the legal heir, even if Song Yi really gets into trouble in the future, the modern family and Kim Tae-hee's family can still help Kim Tae-hee to support the New Asia family.
For example, Zhou Mengxian committed suicide by jumping off a building in his previous life, and Zhou Mengxian's one son and two daughters are still alive. In the end, the Hyundai family still supported Zheng Enxuan to become the chairman of Hyundai Group. Although Zhou Xiangyong's KCC Group and Zhou Mengjiu's Hyundai Motor both wanted to take action against Hyundai Group, they all failed in the end because they could not pass the public opinion test.
Emperor Yingzong of Ming, Zhu Qizhen, was captured in the Tumu Incident, and Yu Qian supported Zhu Qiyu to succeed him. Why did Zhu Qiyu take the throne, but was still taken back by Zhu Qizhen? The most important reason is that Zhu Qiyu has no son. If you have no son, ministers and generals will have no future with you. Because your throne will be passed on to others sooner or later. So from this point of view, Song Yuanhao's birth is still very important.
Song Miao obviously liked Jin Xiyuan very much. He was coaxed by Jin Xiyuan and smiled happily. He talked endlessly about the interesting things that Song Yuanhao experienced in the hospital. Jin Xiyuan was also very patient and listened with great interest.
When the family was reunited, Zheng Enxuan and Zhou Zhiyi, mother and daughter, also rushed over after hearing the news. Zhou Zhiyi, who just got married last year, obviously also liked children and made faces with Song Yuanhao.
Seeing this, Song Yi said to Zhou Zhiyi, "You like children? Then you and Guang Modonu should work hard to have one of your own, and stop teasing my son all the time."
Zhou Zhiyi's expression suddenly became serious when he heard Song Yi say this. "Guangmo and I have discussed it and plan to focus on our careers in the next two years and then have a child in two years."
After the power struggle between Li Guangxue and Song Yi was decided, LG Group Chairman Gu Guangmao announced the promotion of Gu Guangmo as the head of LG Electronics China, and clarified Gu Guangmo's identity as the fourth-generation heir within the LG Group.
Song Yi shook his head and said to Zheng Enxuan, "Aunt, you have to persuade Zhiyi. She is at the golden age to have a child. In a few years, she will easily become an elderly mother, which is not good for her health."
Zhou Zhiyi was not convinced. "President, at my age, there is nothing I can do that is not the golden age. Even in my career, my age is the best age to start a career. Why do you say it is the golden age to have a child?"
Zhou Shulan heard Zhou Zhiyi say, "We are not in the company, why call him president? It sounds so distant. You can either call him cousin or brother Yi."
Zhou Zhiyi stuck out his tongue, hugged Zhou Shulan's sleeve, and acted coquettishly, "I know, Aunt Shulan. But Brother Yi asked us to come here today to discuss important matters of the company, so it's not wrong to call him the president."
Zhou Shulan didn't expect Song Yi to talk about work as soon as he got home, and she felt sorry for her son. "Since you have something to do, then go and do it first. Yuan Hao asked me and Taixi's mother to take care of it."
Jin Xiyuan knew a little about the situation. Her current status was relatively detached. Although the Xinya Sports Foundation still carried the name of Xinya, it had actually been half-separated from the Xinya system and became an overseas asset jointly held by Song Yi and Jin Xiyuan.
"Now it's Song Yi, Chairman Eun-xuan, and Sister Liao Yu. We also have to wait for Uncle Bingkui, Uncle Mengkui, Li Yiji, and Li Jae-yong to come. Once everyone is here, we can start the meeting." Kim Hee-won said.
In this New Asia system, the New Asia Financial Committee is the highest authority. Originally, there were five members of the New Asia Financial Committee, namely Song Yi, Liao Yu, Zheng Enxuan, Li Bingkui and Li Yizhi.
After Blue Ocean Capital Fund and New Asia Capital Fund jointly acquired Korea Exchange Bank, Lee Jae-yong replaced Lee Ik-ji as the new president of New Asia Capital Fund. Lee Jae-yong and New Asia Construction President Zhou Mengkui joined the New Asia Financial Committee together, and the number of members increased from the original 5 to 7.
In Zhou Zhiyi's words, the members of the New Asia Financial Committee either don't get together, or when they do, it's a big deal. Even Zhou Zhiyi, the general manager of the New Asia Real Estate Puhai Branch, could only listen in on the meeting and take notes.
Li Bingkui and Li Yizhi arrived together, and Zhou Mengkui met Li Zaiyong halfway. Li Zaiyong looked at Song Yi's spacious basement that could accommodate more than a dozen cars with envy. He couldn't help but sigh, "Only by living in Seongbuk-dong can you be considered to be in the top rich circle of Seoul."
Unlike Lee Jae-yong, Zhou Mengkui has lived in such a wealthy mansion since he was born, and he doesn't quite understand Lee Jae-yong's obsession with living in Seongbuk-dong.
However, he still encouraged Lee Jae-yong, "Jae-yong, work hard. Song Yi will not treat any of its staunch supporters unfairly. Believe me, in less than two years, your annual salary plus bonus will be enough to buy a mansion of similar size in Seongbuk-dong."
Lee Jae-yong parked the car. This was his first time attending a meeting of the New Asia Financial Committee. He asked nervously, "President Zhou, why did the chairman call us to the meeting? Last time, when it came to such an important matter as the acquisition of the Korea Exchange Bank, he contacted us via a remote video conference."
Zhou Mengkui could actually guess Song Yi's thoughts. The businesses of the New Asia Group and the Eshan Group now overlap more and more. Song Yi obviously hopes that the New Asia Group and the Eshan Group can be further integrated to form a new group company, so that the new group can compete more flexibly with large conglomerates such as Samsung, SK, and Lotte.
The reason why he was able to guess Song Yi's thoughts was mainly because the South Korean National Assembly held a by-election for members at the beginning of the year.
As a member of the Millennium Democratic Party, Zhou Mengxian, honorary chairman of Asan Group, was elected as a member of the South Korean National Assembly. Zhou Mengxian joined the Unification and Foreign Affairs Committee of the South Korean National Assembly, mainly responsible for diplomatic affairs with North Korea.
If the New Asia and Eshan lines merge, the biggest external resistance actually comes from two sources. The first is opposition from within the modern family, such as Zhou Mengjiu and his son or Zhou Xiangyong, who are worried that Song Yi will quietly swallow up the Eshan line in the name of a merger. In this way, the owner of the Eshan line will no longer be surnamed Zhou.
The second obstacle actually comes from Zhou Mengxian. Although Zhou Mengxian does not have any shares in the Eshan Group, his name cannot be avoided whenever the Eshan Group is mentioned.
For example, Lee Byung-kyu and Lee Yi-ji of the New Asia Financial Committee were both Zhou Mengxian's subordinates and confidants.
At the beginning, Song Yi proposed to Zhou Zhengyong to divide Hyundai into three parts, with Zhou Mengjiu inheriting Hyundai Motor, Zhou Mengzhun inheriting Hyundai Heavy Industries and Hyundai Group, and Zhou Mengxian inheriting Eshan Group.
In the eyes of modern families, although Zheng Enxuan has always served as the chairman of Eshan Group, they have always believed that the Eshan Group should belong to Zhou Mengxian's family, so the second biggest resistance actually comes from Zhou Mengxian.
As a core member of the modern family, Zhou Mengkui knew that Zheng Enxuan and Zhou Zhiyi did not object to the merger of the New Asia family and the Eshan family.
When LG Group was first established, the Gu family of LG and the Xu family of GS looked out for each other and supported each other, creating a beautiful story.
Now, anyone with a discerning eye can see that the New Asia Group is in a period of rapid development, while the Eshan Group is more capable of maintaining the status quo than exploring new opportunities. If the New Asia Group and the Eshan Group can merge, it will actually be a major boon to the Zhou Mengxian family.
After all, no matter how you look at it, Zhou Mengxian's son Zhou Mengxuan does not seem like a business genius. All of Zhou Mengxian and Zheng Enxuan's business talents were inherited by their capable eldest daughter Zhou Zhiyi.
Eshan Construction and Xinya Real Estate are working together on the Wangjing Center office building project in Yanjing, Liubaiben Commercial Street and commercial housing in Changying area.
Asan Construction, Shin-Ah Construction and Hyundai Industrial Development Group often collaborate on the development of The One Apartments, Hyundai Ipark Apartments and Cheonggyecheon renovation projects in Seoul.
The semiconductor factory project of Eshan Electronics, Xinya Optoelectronics and LG Electronics in Liangxi City, Jiangsu Province is the largest cooperative project in terms of funding.
Eshan Group and Xinya Culture Tourism also jointly developed the Mount Konggang International Tourist Area and the Huangcun Ancient Town Scenic Area in Huizhou City.
In addition to project cooperation, the senior management teams of the New Asia Group and the Eshan Group also serve in each other's group companies. In the eyes of outsiders, although the Eshan Group originated from the Hyundai family, it is not closely related to the Hyundai Group, but has a closer relationship with the New Asia Group, a branch of the Hyundai Group.
If two large listed companies want to merge, in addition to obtaining the consent of the Financial Supervisory Service of Korea, the most important thing is that the major shareholders of the two companies can reach an agreement.
In the entire New Asia system, apart from Song Yi, the shareholder with the largest shares is Zhou Mengxian's family, followed by Zhou Mengkui's family.
In the entire Eshan Group, Song Yi has always been the second largest shareholder after Zheng Enxuan. So whether the New Asia Group and the Eshan Group can merge, in fact, only Song Yi and Zheng Enxuan need to nod their heads in agreement. Zheng Enxuan and Song Yi are now as close as wearing a pair of pants. Will Zheng Enxuan really oppose Song Yi's proposal?
Zhou Mengkui thought as he and Li Yizhi took the elevator into the villa. Jin Xiyuan was walking back and forth in the house with a baby in her arms. When Jin Xiyuan saw Zhou Mengkui, she nodded and greeted him, "Uncle Mengkui, President Li, and Song Yi are waiting for you in the conference room. Uncle Bingkui and the others have arrived already and are waiting for you."
Lee Jae-yong is no stranger to Kim Hee-won. When Song Yi borrowed money from the Korea Exchange Bank, the Korea Exchange Bank went to the company to investigate the qualifications of Song Yi's company. Lee Jae-yong knows that Kim Hee-won has always been Song Yi's right-hand man at work, and the employees of the New Asia Group respect her very much. The employees of the New Asia Group have always said that Kim Tae-hee is the boss lady in name only, while Kim Hee-won is the real boss lady.
Zhou Mengkui asked casually, "Will President Jin not attend the meeting?"
Jin Xiyuan was a little surprised. "I am only responsible for the New Asia Sports Foundation and Manchester United Club now. I will not participate in the Korean company's business. I still want to spend more time with my daughter in these years."
Zhou Mengkui was stunned for a moment. He originally thought that Jin Xiyuan was holding Song Yi's son Song Yuanhao, but he didn't expect that Jin Xiyuan was holding her own daughter. But when did Jin Xiyuan get married, and suddenly she had a child, could this be the reason why Jin Xiyuan gradually faded out of the New Asia series?
The conference room in Song Yi's house is very large, with a large LED screen hanging on the wall. Song Yi and Zheng Enxuan sat together, facing the screen, and the other participants were divided into two rows, forming a U shape.
Song Yi looked up and saw Zhou Mengkui, stood up and greeted Zhou Mengkui, "Uncle Mengkui, sit on my left." Zhou Mengkui sat in the first seat on the left, and Li Jae-yong sat in the last seat on the left.
Liao Yu sat in the first seat on the right, and Zhou Zhiyi, who was responsible for taking minutes, sat in the last seat on the right.
To some extent, the seating order also represents your weight in the New Asia Financial Committee. As a new member of the committee, Lee Jae-yong must sit at the end. Zhou Mengkui sits in the first position on the left, which means that Zhou Mengkui will definitely be more important.
Seeing that everyone had arrived, Song Yi announced the official start of the meeting. Zhou Zhiyi distributed meeting materials to the participants, and the LED screen lit up immediately.
Zheng Enxuan instructed Zhou Zhiyi, "Zhiyi, ask them to sign a confidentiality agreement first, and then we can have the meeting. The documents of today's meeting are the core business secrets of Xinya and Eshan."
After Lee Jae-yong and others signed the confidentiality agreement, Song Yi said, "What Chairman Zheng said just now is right. After working in New Asia and Eshan for so long, you may not be very clear about the financial situation of New Asia and Eshan. In order to help better understand everyone these two companies, Zhiyi, prepare to show the PPT!"
At this time, the screen began to scroll the situation of the New Asia Group and the Eshan Group: "Summary of the Assets and Equity Financial Structure of the New Asia Media Real Estate Group Head Office and Its Subsidiaries"; "New Asia IT"; "New Asia Optoelectronics"; "New Asia Capital"; "Blue Ocean Capital"; "New Asia Advertising"; "Summary of the Assets and Equity Financial Structure of the Eshan Group Head Office and Its Subsidiaries"; The more Lee Jae-yong read, the more frightened he became. Although he had long known that the Blue Ocean Capital Fund and the New Asia Capital Fund had a close relationship, after all, the two fund companies had cooperated many times in the financial market. Now it seems that the Blue Ocean Capital Fund was actually founded by Song Yi, and the economic strength of the New Asia Group hidden under the surface should not be underestimated.
Liao Yu, on the other hand, was filled with pride. She had never dreamed that the little kid who followed her around when she got married had now built a business empire with tens of thousands of employees and assets worth over 10 trillion won.
Zheng Enxuan knocked on the table and said, "I called everyone here today to give you a bottom line. I believe you have guessed that the New Asia Group and the Eshan Group need to complete further integration, so as to achieve the goal of reducing costs and increasing efficiency."
"Chairman Song and I initially planned to complete the merger of the two listed companies, New Asia Media Real Estate Group and Eshan Group."
"After all, as you can see from the financial statements, the development momentum of Xinya IT and Xinya Advertising are very good, and they will be able to go public this year. If these two companies are merged in advance, it will be necessary to give a high valuation to Xinya IT and Xinya Advertising, which will also result in our Eshan Group holding too low a proportion of equity in the merger of the new company, and Chairman Song is unwilling to take advantage of me." Zheng Enxuan continued.
Li Bingkui nodded. Zheng Enxuan's words were correct. If Xinya IT went public, its market value would be at least more than 2 billion US dollars. The market value of Xinya IT was almost equal to that of the entire Eshan Group.
If the merger is carried out according to Xinya IT's current valuation, then Eshan Group would be taking advantage of Song Yi, and Xinya IT's employees would not agree.
Song Yi took the microphone and said, "Before the meeting, Chairman Zheng had convened the Eshan Group's board of directors and held a meeting with the executives of the Eshan Group. The Eshan Group's board of directors and more than two-thirds of the executives agreed to complete the merger of New Asia Media Real Estate Group and Eshan Group."
"Personally, I am also inclined to merge with Eshan Group, so that we can combine similar business departments and concentrate manpower and funds on our advantageous projects."
"According to my estimation, if New Asia Media Real Estate Group and Asan Group merge, they will form a large conglomerate with more than 70,000 employees, a market value of more than 10 trillion won, and assets of more than 10 trillion won. This conglomerate will be among the top ten conglomerates in South Korea in terms of both market value and asset size."
"Our English name of Shin Asia is SHINA and Asan Group's English name is ASAN. If the two companies merge, we will take the first letter of each of the two companies' English names to form a new group company."
"Personally, I am very grateful to the Eshan Group for its support and help to the New Asia Media Real Estate Group. I am also a veteran of the Eshan Group. I want to name the new group AS Group, and the Chinese name is AXA Group. What do you think?" Song Yi took the initiative to ask everyone.
Zhou Mengkui was a little amused. Although he knew that this meeting might be just for formality, Song Yi, you have even thought of the name of the new company after the merger, so why do you still need to ask for our opinions?
Zheng Enxuan disagreed. "Our Eshan Group, except for the number of employees exceeding the New Asia Media Real Estate Group, is not as good as New Asia in terms of company revenue, company assets and company market value. And I think AS Group is not easy to pronounce. It is better to call it SA Group. The Chinese name is Sheng'an Group, which is catchy, simple and easy to remember. What do you think?"
Zhou Zhiyi repeated "Sheng'an Group" twice, and her eyes lit up. "Sheng'an, Sheng'an, is the abbreviation of prosperous times and peace. Our SA Group aims to provide Koreans with a prosperous and affluent life. This is a good implication."
After Zhou Zhiyi finished speaking, Liao Yu and Li Yizhi also agreed. After voting, everyone unanimously agreed that the new company should be named SA Group, and its Chinese name should be Sheng'an Group.
Lee Jae-yong said: "The SA Group is now among the top ten conglomerates in South Korea. I believe that after another five or ten years of development, the SA Group will surpass the SK Group and become one of the top three super conglomerates in South Korea."
Song Yi thought of Choi An-won of SK Group and felt a little disdainful. He made no secret of his ambition.
"Someone told me that Samsung Group is the top group in South Korea, Koreans cannot live without Samsung, and only Samsung can represent South Korea. I disagree."
"SA Group's target is definitely not SK Group. We only have one goal, which is to defeat Samsung!" said Song Yi.
On May 27, 2004, New Asia Media Property Group and Eshan Group made a public announcement: New Asia Media Property Group and Eshan Group are going to reconfigure the company's assets. Because this is directly related to the interests of shareholders of both companies and is a major matter for the company, they have applied for a trading suspension.
The boards of directors of Xinya Media Properties Group and Eshan Group have signed a merger agreement. Xinya Media Properties Group will acquire 100% of Eshan Group's shares through shares + cash, and Eshan Group will be merged into the name of the new company.
The new company will be called SA Group, and KOSPI's stock name will be changed from SHINA Group to SA Group. The shareholders' meetings of ShinAsia Media Properties Group and Asan Group have approved the merger by a majority vote at the previous shareholders' meeting. The merger between ShinAsia Media Properties Group and Asan Group requires the approval of the Financial Supervisory Service of Korea and the Anti-Monopoly Department of China.
At the same time, New Asia Media Real Estate Group announced that it was renamed SA Group. China's New Asia Real Estate was also renamed Sheng'an Real Estate.
Zhou Zhiyi resigned from the position of general manager of Shengan Real Estate Puhai Branch, and was replaced by deputy general manager Guo Wenxuan. Guo Wenxuan is a native of Puhai City. He previously worked for Hutchison Whampoa, a long-established real estate company in Hong Kong Island. Later, Zhou Zhiyi poached him from Hutchison Whampoa. He is also a mid-level and senior elite talent that SA Group focuses on training.
SA Group is headed by Song Yi as chairman, Zheng Enxuan as vice chairman, Zhou Mengkui as CEO and president, Li Bingkui as executive director, and Cui Shanji as secretary of the board of directors of SA Group.
Xinya Construction and Eshan Construction merged to form SA Construction. The president of SA Construction is Zhou Xiuxian, the former president of Eshan Construction, and Zhou Zhiyi serves as the vice president and financial director of SA Construction.
SA's companies also changed their names. Shinhan Media changed its name to SA Planning, with Chen Zaican still serving as the president. Shinya Pictures also changed its name to SA Pictures, Shinya Music also changed its name to SA Music, and Shinya IT also changed its name to SA Soft. Asan Electronics and Shinya Optoelectronics also officially merged to form SA Electronics, with Song Yi serving as the president of SA Electronics himself, and Wu Jingang as the general manager of SA Electronics China.
New Asia Capital Fund was officially renamed SA Capital, and Korea Exchange Bank was officially renamed SA Bank. Shengan Bank also became the sixth largest bank in South Korea.
After the New Asia Group and the Eshan Group have completed their merger, the entire SA Group will currently have a total of 87,000 employees (excluding temporary workers).
The financial market is clearly optimistic about the merger between New Asia Group and Eshan Group. SA Group's unlisted Internet business and advertising and media business also give investors enough room for imagination.
According to information disclosed by listed companies, in the entire SA Group, the Song Yi family holds 20% of the shares, the Zheng Enxuan family holds 12% of the shares, and SA Capital and Blue Ocean Capital hold a combined 8% of the shares. These are also the top three major shareholders of the SA Group.
Of course, since the SA Group has adopted a complex cross-shareholding model like Samsung, SK, LG, Lotte, and Hyundai Motor, the actual shareholding ratio of the Song Yi family may be more than the apparent 20%.
On August 11, SA Films' carefully produced action blockbuster "The Thieves" was officially released, with a box office of over 300,000 on the first day of its release.
On August 13, the third day of its release, "The Thieves" grossed over 1 million viewers.
On the fourth day, the box office exceeded 2 million, and on the sixth day, the box office exceeded 3 million.
On the 16th day, the box office of "The Thieves" exceeded 8 million, and Jun Ji-hyun officially broke her own box office record of "My Naughty Girlfriend". On September 1, the box office of "The Thieves" officially exceeded 10 million, officially becoming the first Korean blockbuster with a box office of more than 10 million.
"The Thieves" has set multiple box office records in South Korea, and this overwhelming box office myth is also directly reflected in the SA Group's stock price.
SA Films is not only the production company of "The Thieves", but also the HugeDream Cinema, which is under SA Group, the largest cinema company in South Korea. In addition, the lead of "The Thieves", Jun Ji-hyun, is also a contracted artist of SA actress Group. With these three factors, SA Group can obtain higher profits than other Korean film companies.
On September 9, SA Group's share price reached 63,000 won. After the merger, SA Group's total share capital was 300 million shares.
Calculated based on the closing price of the day, the total market value of SA Group was 18.9 trillion won, successfully surpassing Hanjin Group and Hyundai Group, ranking eighth in the Korean stock market. According to statistics, the total assets of SA Group were 12.6 trillion won, surpassing Hyundai Group and lagging behind Hanjin Group, ranking ninth in the assets of Korean companies.
This is a landmark moment, which means that the three companies under the Hyundai family, Hyundai Motor, Hyundai Group and SA Group, have entered the top ten Korean chaebols at the same time. The third volume has officially ended, and the fourth volume, Flying Dragon in the Sky, will begin tomorrow.
Daughter Song Yuanying, daughter was born in the UK, son Song Tianhao. South Korea is a country of the universe, so it is normal to name him Yuanhao. In fact, this name is also an easter egg.
Song Yuanhao was born on April 28, the same day as a great man. I will explain why he was named this way in the extra chapter after the book is finished. Haha! Thanks to my book friend Guo Wenxuan for his guest appearance.
(End of this chapter)
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