Chapter 110 Li Jianxi's Little Thoughts (Additional Update)
After the meeting, President Li Jianxi hurried to the conference room with Director Yin to discuss the details of this cooperation.
When Leon John heard Li Jianxi express his hope to obtain a loan or investment of no less than 1 billion US dollars from Goldman Sachs, even though he was mentally prepared, he became a little uneasy.
You have to know that although he is the president of the branch, he still needs to submit an application to the Wall Street headquarters for large investments of over 100 million US dollars. And according to the amount of funds approved by the headquarters for investing in Yuetian Group, the senior officials of the headquarters are unlikely to invest too much money in any company in Goryeo.
Being able to invest another 500 million US dollars in the Five Star Group is already a great achievement. However, Leon John did not intend to reveal this point of view. After all, Li Jianxi has a son-in-law, Zhang Junfeng, who is very rich. If Zhang Junfeng is willing, let alone 500 million US dollars, he can even take out 1 billion US dollars.
But now that they were negotiating an investment, Leon John did not hesitate and continued to negotiate with Li Jianxi about the benefits of investing in the Five Star Group and the shares of the many branches of the Five Star Group that could be obtained.
However, at the beginning, the cunning Li Jianxi tried to use the shares of non-core subsidiaries to obtain large sums of funds from Goldman Sachs Group. However, Leon John, who had already investigated the Five Star Group very clearly, saw through Li Jianxi's little plan at a glance, and directly asked for shares of a number of core subsidiaries such as Five Star Electronics, Five Star Motor, and Five Star Semiconductor in exchange for their Goldman Sachs Group's investment.
Otherwise, Goldman Sachs would refuse to invest in Five Star Group or provide any loans. This rather realistic scene made Li Jianxi feel a bit stuck. He had originally planned to get some benefits from Goldman Sachs, but the other party's shrewdness was completely beyond his expectations.
But if they reject Leon John's proposal, where can they find another overseas financial institution that can provide them with a huge loan/funds? !
Even so, Li Jianxi still tried to exchange the least shares for more cash flow, but Leon John was not a pushover and had no intention of giving in to the amount of shares Li Jianxi proposed to transfer. These professional financial institutions are best at "taking advantage of the situation" and getting the biggest profit with the least cost! ...
After fierce bargaining, Five Star Group finally needed to sell 6.6% of the shares of five core qualified companies in exchange for a $1 billion investment from Goldman Sachs. The specific contract signing time needs to wait until Goldman Sachs headquarters approves the allocation of funds, but Leon John said that this period will be shortened as much as possible, and the result is expected within a week.
After hearing Leon John's affirmative reply, Li Jianxi and Li Zairong finally relaxed. Although they sold a lot of core subsidiary stocks at a very low price, they could get a huge amount of funds for turnover to ensure that the group could resume operations in a short time. This deal was still quite cost-effective.
Otherwise, when the subsequent aid from the International Monetary Fund arrives, the situation of their Five Star Group will only become more difficult! Moreover, they were able to pull a financial giant like Goldman Sachs onto the chariot of their Five Star Group, and the subsequent shareholders of the company's shares were diluted again. It would be difficult for their Li family to be completely shaken as the manager of the Five Star Group.
This was the safest way Li Jianxi could do under the current circumstances. As for what the Five Star Group would become in the future, he could no longer care about it.
If Lee Jae-yong's son is capable, he can lead the Five Star Group to glory. If he is not capable enough, it should not be too difficult for him to keep the company founded by his father Lee Byung-chul and pass it on.
…
In the following days, Zhang Junfeng and others continued to visit shareholders of Amore Cosmetics Company, trying to buy the shares held by the other party at a low price through negotiation. After successfully acquiring 12.5% of the shares from the second financial institution, the situation became delicate.
The institutions holding large shares that were subsequently contacted were obviously not so cooperative. The executives of several of these institutions seemed to have a good relationship with the Xu family of Amorepacific Group. They were somewhat resistant to Comet Capital's acquisition and had no intention of abandoning their former allies for the time being. This made Zhang Junfeng inevitably angry.
This situation undoubtedly slowed down Zhang Junfeng's progress in taking over the management rights of Amore Cosmetics. Fortunately, Jin Youdao led the Black Panther Security Company to frequently visit those individual shareholders, which was quite effective. In just a few days, they successfully took over a total of 7.2% of the company's shares! This made Zhang Junfeng quite pleased. Seeing that the current total shareholding had reached 36.2%, under Wu Mingxi's suggestion, Zhang Junfeng finally decided to let the securities company arrange personnel to sweep the circulating Amore Cosmetics Company stocks on the market. After the shareholding reached 45%, an interim shareholders meeting was initiated to officially declare war on the other party and compete for the management rights of the cosmetics company! ...
On the other hand, Leon John also informed Zhang Junfeng of the investment content discussed with Li Jianxi, and asked Zhang Junfeng for his opinion on whether he needed to invest in the core subsidiaries of the Five Star Group in the future.
Zhang Junfeng thought for a moment and agreed decisively. According to their previous speculation, Goldman Sachs would most likely not really invest $1 billion in a Korean company like Five Star Group that was in trouble. $400-500 million would be the most they could afford.
The remaining difference, which he paid for, was also a disguised investment. After all, in the future, the share and revenue of the Five Star Group in the global semiconductor field were still considerable. No matter what, this deal would not incur losses and was indeed quite worthwhile!
On the other hand, the national debt repayment campaign that lasted for a month is gradually coming to an end. Although every effort has been made to mobilize the people of the entire country to respond actively, only more than 190 tons of gold have been collected so far. According to the current gold price, it is less than 2 billion US dollars.
Such a sum of money is extremely embarrassing. It is simply a drop in the bucket for the tens of billions of dollars of overseas debt that are about to mature. The officials of the Blue House are helpless when they see such a scene. The idea is beautiful, but the reality is so cruel!
There is no mistake in the poem, post, content, and read the book on 6, 9, and bar!
(End of this chapter)