Chapter 280 Modern Division
Hearing the inside information that Zhang Junfeng suddenly mentioned, Zheng Mengjiu paused, and the stunned expression on his face was quickly replaced by joy, "If this is the case, then our next move will definitely not be hindered!"
"After the memorial service is over, President Meng Jiu please make some preparations. We should be able to complete the acquisition of Kia Motors and establish Hyundai Kia Automotive Group next month!" Zhang Junfeng patted the other person's shoulder, exchanged glances with him, and left with a smile.
After getting Zhang Junfeng's promise to acquire Kia Motors, Zheng Mengjiu couldn't help but be overjoyed, and the ambition that had been suppressed for some time quickly grew again.
If it weren't for Zheng Mengxian and his father Zheng Zhouyong who forcibly deprived him of his position as chairman, how could he have lost his position as chairman? Now that he has a chance to take revenge, he must make Zheng Mengxian pay a heavy price!
And his father, Chung Ju-yung, who was biased until his death, also wanted the other party to watch from heaven how he defeated the waste Chung Mong-sun. He, Chung Mong-koo, was the strongest one in the second generation of the Chung family. Not choosing him as the heir was the biggest mistake of his life, Chung Ju-yung!
…
In the following two weeks, nothing major happened in Goryeo, except that the credit card companies of several large enterprises were operating in full swing.
It was not until two weeks later that two pieces of heavy news came out at a press conference held by Hyundai Motor Company! The first was that President Chung Mong-koo announced in front of many media reporters that Hyundai Motor Company would completely separate from Hyundai Group's sole proprietorship due to production and operation needs.
The second piece of news was that Hyundai Motor Company would complete the acquisition of Kia Motors, the second largest in Korea, by the end of next month to establish a new Hyundai Kia Automotive Group! As soon as the news came out, it quickly caused a huge response. Many big figures in the political circles, financial circles, and business circles were speculating that if Chung Mong-koo of the Chung family left the Hyundai Group at this time, did it mean that there were serious internal conflicts within the huge Hyundai Group? After all, Chung Mong-koo, the president of Hyundai Motor Company, once sat on the throne of the chairman of the Hyundai Group, but was eventually driven off the stage by his powerful father, Chung Ju-yung.
However, some well-informed senior executives discovered clues through the shareholding ratios of several major shareholders of Hyundai Motor Company.
I don't know since when, the well-funded KB Bank's shareholding in Hyundai Motor Company has reached an astonishing 32%. Even in Kia Motors, KB Bank has obtained more than 25% of the shares.
This means that this time, Hyundai Motor Company separated from Hyundai Group and merged with Kia Motors. The driving force behind this may be KB Bank or even Comet Capital, the boss behind KB Bank? ! Before they could pass on the information, and even before the official Hyundai Group gave any response to Hyundai Motor Company's separation from the group, three subsidiaries of Hyundai Group announced that they would separate from the group and operate independently the next morning! They are Hyundai Department Store President Chung Mong-geun; Hyundai Aluminum President Chung Mong-woo; Hyundai Heavy Industries President Chung Mong-joon. They held a press conference almost at the same time to announce the news.
The upper class of Goryeo was completely in an uproar! The news of the internal strife among the brothers of the Hyundai Group's Zheng family was also completely confirmed. After all, if the brothers of the Zheng family were in harmony, how could this happen? Many people were looking forward to the actions of Hyundai Group Chairman Zheng Mengxian. After all, they were also curious whether this second-generation chairman had the means and courage of the old chairman Zheng Zhouyong, and whether he could turn the tide under such circumstances and maintain the strength and title of Hyundai Group's No. 1 in Goryeo?
What is puzzling is that the Blue House, which has always had a good relationship with Hyundai Group, did not make any statement or action this time. This made many people curious, after all, Hyundai Group has undertaken the official Mt. Kumgang tourism project in the past two years. If Hyundai Group has a problem, this project may be abandoned.
Hyundai Group, inside the chairman’s office.
He was originally feeling fortunate that he could finally take full control of the entire Hyundai Group and no longer have to consider anyone's opinions, but then the second-in-command Chung Mong-koo started to tease him!
Although Hyundai Group's shareholding in Hyundai Motor Company has been suppressed to a very low level, everyone generally subconsciously regards Hyundai Motor Company as a subsidiary of Hyundai Group. Now that he is doing this, it is obvious that he wants to break with him completely!
What made him even more angry was that the third brother Zheng Menggen, the fourth brother Zheng Mengyu and the sixth brother Zheng Mengzhun were obviously in collusion and stabbed him in the back together, deliberately making him look bad! The public statement he had prepared seemed so pale and powerless!
The angry Zheng Mengxian immediately tore the prepared notice to pieces and threw it on the ground, "Ashiba! These bastards are trying to embarrass me! My father has only been dead for less than a month, and they can do such a thing. They are simply insane!"
…
Seeing his president roaring crazily, the assistant with his head down was trembling with fear, fearing that he would become the target of the other party's venting and scolding in the next moment.
After a long while, Zheng Mengxian's trusted subordinate knocked on the door and walked in with the latest situation. "Chairman, the current situation is a bit bad. After those presidents held a press conference, the stock prices of many companies under our group were affected to varying degrees and showed a trend of sharp decline!"
"Our top priority is to come up with a solution as soon as possible to stabilize the situation. Otherwise, if the stock price continues to fall, the subsequent situation may be beyond our control..." Director Cui gritted his teeth and made a simple analysis of the current market public opinion and stock price situation.
Hearing that the situation was far more difficult than he had imagined, Zheng Mengxian stopped venting his anger at this moment. Instead, he took a deep breath and asked the other party, "...Then according to Director Cui, what do we need to do now to stabilize the situation?"
Director Cui saw that Zheng Mengxian had regained some of his sanity, so he suggested, "The most urgent thing is to hold a press conference to show that the separation and independent operation of the subsidiary will not affect the overall operation of the Hyundai Group. At the same time, we can also consider polishing last year's financial report and releasing it in advance to stabilize the current company's stock price..."
There is no mistake in the poem, post, content, and read the book on 6, 9, and bar!
(End of this chapter)