Chapter 22 Successfully Taken
"The funds are ready, we just need a little help from President Li. Five Star Group will send a representative to negotiate with the other party. I think the banks should be willing to give this face! And if President Li believes in me, you can also invest a sum of money and the return will definitely satisfy you!"
"My goal is just to short Hanbao Steel and earn a commission. If Chairman Li is unwilling to get involved, I will prepare 5 million US dollars as a 'hardship fee' for the Five Star Group to help me after the matter is completed!"
Zhang Junfeng's words made Li Jianxi fall into deep thought. He had been thinking about how to turn around the poor financial situation of the Five Star Group. However, "the ice is three feet thick, and it is not formed in a day"! He had been like this for so many years. It was obviously not that easy to make up for such a huge debt problem in a short time!
(Note: Companies in Korea obtain loans by mortgaging company shares from banks, and then use the loans to expand the company's production scale or merge other similar companies. Therefore, in fact, after deducting all expenses from the annual revenue, only a small part of the profit is accumulated.) ...
"...I agree to this. As for the 5 million US dollars, if you really want to give it, give it to Fuzhen! You are the man she likes. If you are really capable, I naturally don't mind helping you! If you are just a show-off, then your relationship with Fuzhen ends here!"
Hearing what the majestic president Li Jianxi said, Zhang Junfeng nodded calmly. As long as Li Jianxi acquiesced to this matter, then the matter would be half successful, and the rest could be done smoothly step by step!
…
A week later, Zhang Junfeng, Wu Mingxi and Director Yin came to KB Bank to visit Chairman Kim Jung-tae to discuss borrowing shares of Hanbo Steel Company.
After meeting Director Yin, the secretary of the chairman of the Five Star Group, Jin Zhengtai's mind became confused. Although they had many contacts and cooperation with the Five Star Group, it seemed a bit "abnormal" that the other party came to visit with a strange young man!
After Zhang Junfeng met the head of the bank, he directly stated his purpose. He wanted to borrow 15% of Hanbo Steel's shares (worth about US$1.2 billion) from their KB Bank!
This abrupt request made Jin Zhengtai's pupils shrink slightly. He had never expected that this young man would actually make such a request. You know, Hanbao Steel is the second largest steel company in Korea. What does he want to do with Hanbao Steel's stocks? Could it be that... Five Star Group is planning to acquire this big company? !
However, Kim Jung-tae did not get any useful information from Director Yoon. Even when he asked tentatively, he did not get any key information from the other party.
…
As if seeing through Jin Zhengtai's hesitation, Zhang Junfeng added his own bargaining chips at the right time, "If Chairman Jin is willing to 'help the other party's wishes', I am willing to offer 100 million US dollars as a deposit after signing a contract with KB Bank. After half a year, all the stocks will be returned to me, and I will also pay a fee equal to 10% of the stock price as a return!"
Kim Jong-tae, who was still hesitating, suddenly became a little shaken. A mortgage of 100 million US dollars?! According to the current exchange rate, this is a full 80 billion won!
You know, the current situation of Korea Bank is not very good. A large number of companies have applied for a large number of loans, which has caused the bank's internal funds to be stretched to the point of being stretched to the limit. It would be a pity if they did not take this profitable business that came to them on their own initiative! As for what the other party borrowed the shares of Hanbao Steel for, it should have nothing to do with them, right? Anyway, these stocks were also used as collateral by the other party in order to borrow money from them!
…
Seeing that Kim Jung-tae was still hesitant, Zhang Junfeng immediately increased the deposit to 150 million US dollars, and even said that if KB Bank refused, he would have to go to other banks to discuss the deal.
Seeing Zhang Junfeng's tough tone, Jin Zhengtai was about to give up if he disagreed with him, so he quickly spoke to ease the atmosphere, "Since Mr. Zhang is so sincere, we at KB Bank are naturally willing to help! But can Mr. Zhang tell us the purpose of borrowing these stocks?"
Seeing the other party asking about the purpose of borrowing stocks again, Zhang Junfeng thought to himself, "This old fox is really not going to show his eagle until he sees the rabbit. Since you want to know so much, don't blame me for making up a lie to trick you!"
"I am optimistic about the industry prospects of Hanbao Steel! I believe that Hanbao's stock price still has a lot of room for growth. I plan to borrow some shares and wait for them to appreciate and earn dividends!" Zhang Junfeng answered with a smile, portraying the image of a young college student with clear and honest eyes quite well.
Jin Zhengtai nodded and agreed to the deal. After ordering his subordinates to prepare the contract, he chatted with Zhang Junfeng and others for a while. Perhaps because he had facilitated a "big deal", Jin Zhengtai's expression was much more "easy-going" than when they first met!
…
When the three of them came out of KB Bank, Zhang Junfeng, who was sitting in the back row, spoke up, "Director Wu, have you gotten any results from the information I asked you to investigate?"
Wu Mingxi, who was driving, heard Zhang Junfeng's question and quickly answered, "Boss, don't worry! We have successfully bribed the senior executives of Hanbao Steel and obtained solid evidence that their company has committed financial fraud and suffered huge losses!"
Yin Xianbin, who was sitting next to Zhang Junfeng, trembled suddenly. He had never expected that this young man, Zhang Junfeng, would actually plot against the big company of Hanbao Steel! He had previously thought that Zhang Junfeng was making such a big fuss just to borrow shares and wait for appreciation, which was not worth much, and he was disdainful of it, but he had never expected that this young man would be so bold! ...
Zhang Junfeng nodded with satisfaction, then took out a check that had been prepared long ago from the lining of his suit and handed it to Yin Hyunbin.
There is no mistake in the poem, post, content, and read the book on 6, 9, and bar!
"This time, please help Director Yin with us. There is another bank that needs your help!"
"...Isn't this...inappropriate? I'm just following the chairman's instructions..." Yin Xianbin never expected that this young man would actually prepare a bribe for him. Is he...really just a college student? !
After considering for a moment, Yoon Hyun-bin accepted the check for 2 million U.S. dollars with great sincerity. After all, even his own chairman might not be so generous. Since the other party was interested in making friends with him, there was no need to offend him.
(End of this chapter)