Chapter 277 Sudden Bad News
Of course, Zhang Junfeng did not intend to disclose to Mato Walls, Nacho Morgan and others the fact that he had purchased shares of the two telecommunications companies, Orange and Mannesmann, in advance.
After all, investing in the Internet can generate considerable returns and can be explained by being optimistic about the market value of Internet technology companies in the next two years, but the competition between European telecommunications companies is not so easy to explain.
Those who can make accurate judgments based on certain clues can be called experts and geniuses, but those who can make very accurate judgments and prepare in advance like the European telecommunications company can only be described as "monsters".
He didn't want too many people to know about this and cause unnecessary trouble. After all, how could he not arouse jealousy if he plotted against others behind their backs?
If he remembered correctly, even after Vodafone paid a sky-high price of more than HK$250 billion to acquire the third-ranked Qrange and the second-ranked Mannesmann, it also suffered a heavy blow. The entire company's funds were exhausted, and it was also burdened with a large amount of debt. It took many years for it to recover.
…
After finishing the conversation with Leon John, Zhang Junfeng quickly called the chairman of KB Bank, Kim Jung-tae, and briefly described to him the plan that Leon John had just mentioned about opening a wealth management fund and raising funds for a new round of investment.
Jin Zhengtai, who made a fortune by going long on the Hang Seng Index in the futures market with Comet Capital, nodded and agreed when he heard that Zhang Junfeng had a new plan. He was completely convinced by this young boss. Whether it was investment vision or means, he was much better than them, the old men! It was not easy to make money by investing with such an investment expert! Even KB Bank could reach a new height before the end of his term and become a top bank in Asia and even internationally!
——————Dividing line——————
Time flies, and several months have passed before we know it. It is February 1999 in Goryeo with continuous snowfall.
As the Blue House has continued to introduce a series of policies and measures to stimulate consumption over this period of time, the business conditions of domestic companies have gradually improved, and credit card companies have emerged in large numbers with the official tacit approval.
Under the constant encouragement of official news reports, many people who are short of cash have begun to flock to credit card companies to apply for credit cards, and use credit cards to purchase various products to improve their lives and meet their daily needs.
…
Hyundai Group headquarters, inside the chairman’s office.
Chairman Zheng Mengxian, who was originally worried about the cash shortage, was in a good mood when he saw the work report of Hyundai Credit Card Company last quarter submitted by his subordinates.
"President, according to the current situation of credit card companies, thousands of people will come to apply for credit cards every month. We have blocked 20% of their credit limit, and we still have 260 billion won in funds that can be retained. I think there will be no problem in completing the subsequent Mount Kumgang tourism plan." The trusted subordinate smiled and reported this "good news" to Zheng Mengxian.
"Director Cui, you've done a good job! After the Mount Kumgang tourism project is completed next year or the year after, I will promote you to be the vice president of the credit card company and be fully responsible for the business of the credit card company. Remember to perform well and don't let me down!" Zheng Mengxian was quite satisfied with his subordinate's ability to do things.
At this moment, the landline phone on the desk suddenly rang. When Zheng Mengxian curiously picked up the phone to inquire about the situation, he unexpectedly received a "bad news" that caught him off guard! Just now, his father, former Hyundai Group Chairman Zheng Zhouyong, had been sent to the emergency room for emergency treatment due to the deterioration of his condition. According to the doctor in charge, the old chairman, who was already at the end of his life, was probably in danger! After hearing the news, Zheng Mengxian didn't care about anything else, and hurriedly called his trusted subordinates to rush to the hospital where Zheng Zhouyong was.
On the way to the hospital, a trusted subordinate who knew the situation finally spoke up and reminded him that although the presidents of other companies (the Zheng brothers) did not have a good relationship with him, the chairman, such matters should still be notified in a timely manner.
Otherwise, if the old president really couldn't make it, and those presidents didn't get the news in the first time, they might take the opportunity to cause trouble.
After hearing what his trusted subordinate said, Zheng Mengxian thought about it for a while before agreeing to the other party's proposal, and asked the other party to call his brothers after arriving at the hospital to inform them of the situation. As for whether they would come or not, it was entirely up to them, and they did not make any requirements! ...
By around 1 p.m., after nearly two hours of rescue efforts, Chung Ju-yung, a big figure who had dominated Goryeo's business world for decades, finally passed away due to a sudden illness.
When the four brothers Chung Mong-koo, Chung Mong-geun, Chung Mong-woo and Chung Mong-joon heard the sad news from the doctor, they were filled with indescribable sadness, as if they were extremely reluctant to see their father pass away.
Only after the subsequent funeral procedures for the old chairman Chung Ju-yung were finalized did the Zheng brothers slowly leave.
However, when they came out of the hospital, their previous sad expressions were quickly replaced by indifference. According to their previous plan, once the old man passed away and they took care of his funeral, it would be the time for the brothers to completely break away from the Hyundai Group and set up their own business! Especially Chung Mong-koo, the president of Hyundai Motor Company, had a stronger desire to break away from the Hyundai Group and set up his own business. Kia Motors, which cooperated with them to open Hyundai Kia Motors, is now in a more and more miserable situation.
There is no mistake in the poem, post, content, and read the book on 6, 9, and bar!
Kim Sun-hong, chairman of Kia Motors, visited him and Zhang Junfeng of Comet Capital twice, trying to persuade them to agree to the merger proposal of Hyundai Motor and Kia Motors. As the acquired party, Kim Sun-hong also expressed his willingness to give up his position as the company's leader and to sell all his shares in the company to show his sincerity.
Zheng Mengjiu was naturally very tempted by such a proposal. However, Zhang Junfeng, as the big boss behind the funds, did not agree to merge the two companies at this time.
Instead, they asked to wait until the old chairman Chung Ju-yung left before merging the companies. When Chung Ju-yung is gone, the subsidiaries of Hyundai Group will gradually become independent. The scale of Hyundai Motor Company will expand rapidly in a short period of time. With the increase and decrease of one, it is not impossible for Hyundai Motor Group to surpass Hyundai Group in one fell swoop! In a few days, it will be the 28th, and the 15-day militia training will be over. By then, there will be fewer things to do, and I can return to the state of 6,000 daily updates~(*^▽^*) (End of this chapter)