Chapter 111: Sudden change in situation, adjustment of plan

At the suggestion of a group of staff members, Mr. Yongsan, who was about to retire, gritted his teeth and visited the United States again, hoping that through practical actions, the senior officials in the United States would help them urge the International Monetary Fund to raise aid funds as soon as possible, and at the same time help them negotiate with those overseas financial institutions to delay the repayment deadline.

Mr. Klinken of the United States and a group of officials were quite impressed that Goryeo, which had already declared bankruptcy, was able to raise nearly 2 billion US dollars in emergency funds in a short period of time. They did not expect that such a small Asian country could have such courage.

After some discussion, Mr. Klingdun and his subordinates decided to help this "little brother". After all, they were very satisfied with Gao Li's performance in recent years. If Gao Li's little brother really failed and came to him for help, and he, as the "big brother", did not show any support, it would be difficult for him to lead the team in the future! ...

With the intervention of the White House, the International Monetary Fund (IMF), which had been moving slowly, accelerated the pace of raising aid funds. In line with the idea of ​​keeping the money within the family, the first to be interviewed were the financial giants in the United States, hoping that these institutions would be generous and contribute more money.

To be honest, these top Korean companies have developed quite well in some areas. If it were not for the sudden outbreak of the financial crisis, they would not have had the opportunity to acquire a large number of shares in those high-quality companies at a bargain price.

Such an opportunity naturally needs to be seized. When the funds are raised to 70% or 80%, the International Monetary Fund will then invite developed countries in Europe to raise funds, which can be regarded as letting the other party taste some sweetness.

…

The news from the United States was quickly passed on to the branch of Goldman Sachs in Goryeo through internal channels, requiring Leon John to complete the previous investment layout before the aid provided by the International Monetary Fund (IMF) was officially delivered to Goryeo.

The approval of the report on investment in Five Star Group and the US$600 million in funding that had been submitted earlier were also sent back to the branch within just a few days.

After receiving a positive response from the Goldman Sachs headquarters, Leon John was overjoyed and quickly contacted Zhang Junfeng. As long as Zhang Junfeng's funds were in place, he could directly contact the Five Star Group and sign an investment and share transfer contract with Chairman Li Jianxi.

After understanding the situation, Zhang Junfeng did not hesitate and quickly called the staff of the Hong Kong Stock Exchange and asked the other party to cash out some of the short gold futures contracts that had been purchased previously in advance to recover some of the funds.

Such an abrupt decision also surprised the manager of the stock exchange, who also felt sorry for it. You know, although the price of gold has not fallen significantly over the past period of time, the overall downward trend is still visible to the naked eye. As long as we wait for a while, the price of gold will inevitably fall further, and by then, Zhang Junfeng's five-fold leveraged short-selling gold futures contract will surely yield a lot of gains.

…

A few days later, the Blue House received a response from the International Monetary Fund (IMF) on the progress of aid fund raising. In half a month at most, they would be able to raise nearly 35 billion US dollars to help Goryeo overcome the financial crisis. At the same time, they were also actively contacting overseas financial institutions, urging them to implement the relevant matters regarding the suspension of Goryeo's huge loans.

As this news spread widely in the Blue House, many corporate employees and unemployed people at home cheered. In their view, as long as the country can successfully obtain loans, these large domestic companies will surely be able to resume work and production, and they will be able to return to their jobs and earn wages to support their families through their hard work and dedication! …

Mingren Law Firm, inside the director's office.

Zhang Junfeng's face looked a little ugly. He didn't expect that the Blue House would act so quickly this time. Mr. Yongsan actually went to the United States for help under the instigation of his subordinates. Now that the aid from the International Monetary Fund will be in place in more than ten days, he can only speed up the progress of acquiring the cosmetics company.

Otherwise, once the Xu family, especially the chairman of the Amore Group, Xu Qingpei, applied for aid from the Blue House, it would become uncertain for him to take over the management rights of the cosmetics company. After all, once the aid is accepted, overseas financial institutions will inevitably occupy a large share of the company.

It won't be so easy to convince those profit-seeking guys to support him in overthrowing the Xu family and taking over the management rights of the cosmetics company! Seeing Zhang Junfeng's heavy mood, Wu Mingxi hesitated for a while, and then he bit the bullet and proposed, "Boss, according to our current 43.5% stake, if we want to take over the management rights of the cosmetics company at the shareholders' meeting, our chances of winning are less than 60%!"

"Instead of fighting with the Xu family for management rights, we should first propose a vote to approve additional investment in proportion to our shareholding. As long as the resolution to make additional investment is passed, we can use this method to dilute the shares of other shareholders in a short period of time. By then, our shareholding will exceed 50%, thus completing our control of the cosmetics company!"

"...Will this method work? Those guys are not easy to deal with. They can naturally see the trick of this method..." Zhang Junfeng was not optimistic about the method proposed by Wu Mingxi. In his opinion, the remaining shareholders had close relations with the Xu family and would definitely not stand on his side to support him.

Wu Mingxi explained with a smile, "It may not have been possible before, but the IMF's aid is about to arrive, and the situation is different. According to the harsh conditions previously proposed by the IMF, once the aid is received, the shares held by all shareholders will be diluted to varying degrees. And with the entry of foreign capital, their voice will be greatly suppressed!"

"In the end, it is estimated that only the Xu family who are in charge of the Emily Group will be able to gain some benefits, and the other shareholders will become losers. Under such circumstances, can they really still be on the same page with the Xu family? Not necessarily!"

"And given the greed of those foreign financial institutions, the management rights of this cosmetics company are likely to fall into their hands in the future. Under such circumstances, if Comet Capital can make certain commitments, I think these shareholders will be happy to support our proposal to make additional investments in advance!"

There is no mistake in the poem, post, content, and read the book on 6, 9, and bar!

(End of this chapter)