Chapter 224 "The Taker" - Xin Dongzhu (Additional Update)

After some consideration, Xin Dongzhu decided to seek help from his mother in Japan. After all, although he is Xing Gehao's eldest son, it is his mother's family - the Shigemitsu family - who has been supporting him for so many years.

If he could solve these current difficult problems, he would be able to secure the position of chairman of Yuetian Group in Goryeo, which would be a great thing for the Shigemitsu family.

…

After receiving the call from her son, the old lady Shigemitsu Hatsuko quickly asked her family subordinates to contact the bank with which they had a cooperative relationship in Japan, hoping to obtain a substantial amount of funds from the bank to help her eldest son.

Of course, the old lady was also cautious and did not take on all the collateral required for the loan from the bank. Instead, she asked her son Shin Dong-joo to use the shares of a subsidiary of Korea Yuetian Group as collateral.

The old lady was also very clear that if her husband Xingehao did not pass the group on to her eldest son, then all the efforts made by her family would be in vain.

She and Xing Gehao had been separated by two countries for so many years, and their love had long been exhausted. She turned a blind eye to the mess that Xing Gehao, a playboy, had made in Goryeo. If she had to ensure that her eldest son could inherit the huge industry of Yuetian Group as agreed, she would not bother to pay attention to this guy Xing Gehao.

…

In the following period, regarding the operating rights of the three subsidiaries of Yuetian Group, Xin Dongzhu frequently met with the shareholders of the subsidiaries, hoping to persuade them to support him.

However, Shin Dong-joo, who had just arrived in Goryeo, had not yet realized how powerful and influential Comet Capital was in Goryeo. He originally thought that he could convince these shareholders by showing enough "sincerity", but he did not know that these guys had chosen to stand with Comet Capital without hesitation after receiving the conditions promised by the Comet Capital representative.

After being rejected repeatedly, Shin Dong-joo looked very unhappy. In his impression, the Yuetian Group in Korea should be a large enterprise with a very high ranking. Under such circumstances, he did not understand why the shareholders of these subsidiaries were not optimistic about the Yuetian Group, but were more fond of Comet Capital that appeared out of nowhere.

When he went back to look through the information and learned about Comet Capital's outstanding performance over the past year, he realized how big a hot potato he had taken over! Especially his brother Shin Dong-byeong's arrogance had caused so much trouble for the group! Especially when he learned that Shin Dong-byeong had actually fled abroad to avoid the limelight, leaving a mess for his father and him to deal with, Shin Dong-joo was so angry that he almost broke down.

If he could, he would have scolded and beaten his father Xing Gehao and his brother Xin Dongbing. These two bastards were too abominable. When they were enjoying the high status and wealth in Goryeo, they never thought of him who was far away in Japan. Now they had dug such a big hole for him to fill. It was too much!

Let him face the powerful Comet Capital head-on. With no money and no people, how could he deal with it with his head? ! Fortunately, two days later, Japan called and said that they had contacted a bank to help provide a loan, but they needed a certain amount of company shares as collateral. After a little thought, Xin Dongzhu decisively agreed.

According to the current situation, it is obviously impossible to maintain the operation of the three subsidiaries in a short period of time. What he can do is to concentrate funds and collect as many shares of the company as possible before the extraordinary shareholders' meeting to ensure that the operation of one or two subsidiaries will not be taken away.

…

A week later, in the meeting room of Hyundai Group headquarters.

At the extraordinary shareholders' meeting held again less than half a month later, Chairman Chung Mong-koo calmly glanced at the familiar participants in front of him, and then turned his gaze to Chung Mong-sun and his father Chung Ju-yung.

After seeing the old chairman Chung Ju-yung attending the meeting, complicated looks flashed across the faces of many shareholders and group executives attending the meeting. Many of them were once followers of the old chairman Chung Ju-yung, but things are unpredictable, and now they are standing on the opposite side.

After Chung Mong-koo presided over the extraordinary shareholders' meeting and announced in public the content that needed to be voted on, many shareholders who were supposed to support Chung Mong-koo actually turned against him and raised their hands to express their support for the resolution to remove Chung Mong-koo from the position of chairman.

Seeing that the goal had been achieved, the old chairman Chung Ju-yung slowly raised his right hand. After on-site statistics, the proportion of shares in favor exceeded 50%, which meant that Chung Mong-koo, the newly appointed chairman of the group, was pulled down again.

Looking at the shareholders who had turned against him at the last minute, Zheng Mengjiu's face was full of confusion. These guys had firmly stood on his side under the benefits he had promised them, so why did they suddenly "betray" him now? This was impossible no matter how you looked at it!

How could the good-for-nothing Chung Mong-sun, the fifth son, have the ability to convince so many people to change their minds? But it couldn't be his father Chung Ju-yung's doing, right? But he had already stepped down as the chairman of the group, so how could he convince these people? !

…

Zheng Mengjiu's failure also made the other members of the Zheng family look unhappy. You know, they are brothers in the same boat. Now that the second brother Zheng Mengjiu, who took the lead, has lost his position as chairman, it is very likely that they will be liquidated.

And just when Chung Mong-sun was proudly planning to "press the advantage" and demand another vote to remove Chung Mong-koo from the position of president of Hyundai Motor Company, he was directly stopped by Chung Mong-koo!

Zheng Mengjiu stood up with a gloomy face, glanced around, and said in a cold tone, "You can remove the position of chairman of the group, but you have no say in the position of president of Hyundai Motor Company!"

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

"According to my current holdings in Hyundai Motor Company, KB Bank, and Comet Capital, the total shares held by both parties have exceeded 50%. On what basis can you remove me from my position as the president of Hyundai Motor Company?!"

"My second brother is right. The group headquarters does not hold a large number of shares in its subsidiaries. This extraordinary shareholders' meeting cannot be used to appoint or dismiss personnel at Hyundai Motor Company!"

Seeing that the fifth brother Zheng Mengxian was aggressive and wanted to kill him, the third brother Zheng Menggen, the fourth brother Zheng Mengyu and the sixth brother Zheng Mengzhun all stood up to support Zheng Mengjiu! (End of this chapter)