Although Mr. Daejong was quite dissatisfied with Zheng Mengxian's incompetence, the scale of Hyundai Group was too large. If it also declared bankruptcy and was on the verge of closing down, it would be extremely bad news for these officials.
The bankruptcy of Daewoo Group had caused them headaches for a long time. Large enterprises have a lot of employees. If they are allowed to go bankrupt, a large number of employees will inevitably be unemployed in a short period of time. If those guys get together and make trouble, they will not be so decent!
…
After a few minutes of silence, Mr. Da Zhong said to the other party in a calm tone, "Chairman Zheng, even if the Blue House can mediate and let the bank provide a loan, with the current profitability of Hyundai Group, can it repay the debt on time?"
"Even if I, the President, personally give the order, there are still some rules and regulations that need to be followed..."
Hearing what the other party said, Zheng Mengxian became a little anxious. He knew that if the other party rejected him and chose to stand aside, he really had no other choice! "Mr. Da Zhong, don't worry! We will definitely find a way to repay the bank's loan on time, and we won't make it difficult for you! Although our Hyundai Group is not in a good situation at the moment, as long as we give us some time to turn around, we will definitely be able to recover!"
Zheng Mengxian didn't care about anything else at this moment. He kept patting his chest and making promises, trying to convince the other party.
Seeing the other party's persistence, Mr. Da Zhong couldn't help but sigh. The reason why he said this was mainly to sound a warning to this guy. It is not a long-term solution to always expect the Blue House to come forward to clean up the mess.
As a proverb in Longguo mentioned, "Don't take on a job if you don't have the skills", if the Hyundai Group is not sure it can get through this hurdle, it would be better to make plans early, instead of sitting back and waiting for death like those who did not live up to their expectations before and letting them deal with the aftermath.
…
In the end, Mr. Daejong helped Chung Mong-sun because of the former chairman Chung Ju-yung and the fact that Hyundai Group had previously lost money building the Mount Kumgang tourist project. He asked his subordinates to contact Woori Bank and asked them to provide a 5-year, 500 million US dollar low-interest loan to Hyundai Group for emergency response.
After receiving the promise, Zheng Mengxian was so excited that tears welled up in his eyes. After such a long period of suffering, the other party finally agreed. Now the Hyundai Group will be able to survive.
After paying off the debt to the bank, he will ask the heads of those subsidiaries to find ways to raise funds in a short period of time. Such an embarrassing thing must not happen again.
Especially since my subordinates had previously proposed that credit card companies expand their scale, issue more credit cards and use this to obtain more funds, this approach is very feasible and we should push for its implementation as soon as possible after we return!
…
Comet Capital, President’s Office.
Zhang Junfeng was leaning on the sofa, smoking a cigarette lazily, while the voice of Zheng Mengjiu came from the mobile phone in his other hand.
"Chairman Zhang, Hyundai Group's financial crisis is already very serious. Many of its subsidiaries are very dissatisfied with the fact that Chung Mong-sun previously misappropriated funds to buy Daum and suffered a large loss."
"If you can provide financial support, I am sure I can take advantage of this opportunity to acquire 2-3 subsidiaries of Hyundai Group and merge them into Hyundai Kia Automotive Group!"
Hearing what Zheng Mengjiu said, Zhang Junfeng naturally understood the other party's plan. However, no matter how poor the Hyundai Group was in the hands of Zheng Mengxian, it should not be without other ways out, right?
Hyundai Group spent a lot of money to help the Blue House complete the Mount Kumgang tourism project, and the credit for this achievement was ultimately attributed to Mr. Dae Jong. If Chung Mong-sun came to the Blue House for help, would they still turn a blind eye or reject him? Once the news of the Blue House's demolition of the bridge spreads, I'm afraid all domestic companies will be disappointed! Who will dare to take on big official projects in the future?
"Chairman Mengjiu, it's not that I don't think highly of your plan. But do you really think that Zheng Mengxian has reached the end of his road? If this guy goes to the Blue House for help, do you think Mr. Dae Jong will help him?" Zhang Junfeng asked with a half-joking smile.
"This... shouldn't be possible?" When Zheng Mengjiu heard Zhang Junfeng mention the Blue House, he hesitated. They really didn't expect what Zhang Junfeng said.
If this guy Chung Mong-sun really gets financial support from the Blue House, wouldn't their financial crisis be solved? This is not good news! "... Chairman Mong-gu didn't expect this, did he? Although the old chairman Chung Ju-yung is gone, it is quite common for people to be forgotten. But Mr. Dae-jong cares so much about his reputation, he shouldn't do something that would lead to criticism, right?"
"…But are we just going to give up such an opportunity?" Chung Mong-koo was unwilling to accept the fact. The Hyundai Group should have been in his pocket, but his father Chung Ju-yung was biased and handed the group over to the good-for-nothing and bootlicker Chung Mong-seon, the fifth son.
Now we have finally waited for Chung Mong-sun to make a mistake and Hyundai Group is in deep financial crisis. It would be such a waste if we just sit there and watch without taking any action!
…
"Haha, since President Meng Jiu is so persistent, I will naturally support him. Even if Hyundai Group gets help from the Blue House, its financial situation will still not be too optimistic in the short term. We can still cause some trouble to the other party..."
Today's Comet Capital's funds and strength are no longer what they used to be. If it were in the past, he would still be wary of the entire Hyundai Group, but now the financially strong Comet Capital is not afraid of any opponents and forces in Goryeo. If Chung Mong-koo really has the ability to erode the Hyundai Group and strengthen himself, he would also be happy to see it happen.
Hearing that Zhang Junfeng agreed to his proposal, Zheng Mengjiu also laughed. Almost two years have passed, and he didn't expect that he would have a chance to avenge his previous shame and make Zheng Mengxian, the bastard, pay a painful price. He was very happy!
…
In a courtyard in the capital of Dragon Kingdom.
Ye Boyang was called here by Mr. Ye and asked him about opening a real estate company. When he learned that he and Zhang Junfeng chose the Cayman Islands as the registered place for the real estate company and planned to enter the Hong Kong real estate, Mr. Ye was a little restless.
After mentioning the fact that he and Zhang Junfeng were cooperating to open a real estate company to his grandfather, Mr. Ye hesitated for a long time before speaking out his opinion, "I don't object to you running a real estate company. But why should such an enterprise go to Hong Kong? If it is developed in Guangdong Province and Shandong Province to boost the local real estate, it can also bring certain political achievements and credit to your brothers and sisters..."
Listening to his old man's usual partiality, Ye Boyang's mouth twitched slightly. Could he say that the old man was playing dumb the whole time to trick his youngest son? Look at what he said, asking him to go to Guangdong Province and Shandong Province to develop real estate?
In addition to Pengcheng, how many other cities in Guangdong Province can be called prosperous? As for Shandong Province, let alone, apart from the local wealthy businessmen and companies, how many wealthy businessmen and companies are willing to invest here?
Isn't it ridiculous to expect ordinary workers who only earn a few hundred yuan per capita to buy houses? Their real estate company is doing development in such a place, which is just losing money and gaining publicity, and it's boring! "... Old man, you think too simply! It is natural for businessmen to pursue profits, and companies must have profits to develop. How many people can make money by investing in those cities? What's more, the majority of the funds for the real estate company this time are from Comet Capital and the Five Star Group in Goryeo. If I invest the company's money in such a place, do you think they will agree?!"
After hearing what Ye Boyang said, Old Master Ye fell silent. He also hoped that his youngest son would be able to help his other sons and daughters after he started his business. After all, they are all family, and if everyone is doing well, that would be truly good.
After learning that most of the money for the real estate company was invested by Comet Capital and Samsung Group, he stopped. Joint ventures with foreign companies are not so casual. If there are any disputes, let alone cooperation, it is very likely that they will become enemies!
Seeing that his goal had been successfully achieved, Ye Boyang smiled and said to Old Man Ye, "Of course I understand what you mean. When the real estate company grows in size, I will provide them with some help, but I still need your 'support' in the early stages. Of course, this will definitely not violate your principles..."
After hearing this, Mr. Ye thought for a moment, then nodded with his eyes slightly narrowed, agreeing to the other party's proposal. Seeing this, Ye Boyang smiled brightly, and with the tacit approval of the old man, many subsequent things would be much easier.
There is no mistake in the poem, post, content, and read the book on 6, 9, and bar!
The areas suitable for investment that Zhang Junfeng mentioned to him before, in addition to Hong Kong, include Shanghai, Beijing, Shenzhen and other areas, all of which have extremely high investment value.
In Hong Kong, it is not so difficult. Comet Capital and KB Bank have considerable influence. Moreover, after the company is officially established and the funds are in place, they can completely rely on their "cash power" to win the target they like. Anyway, the housing prices in Hong Kong have continued to fall and sluggish in recent years. Many people are selling, and there are very few people willing to buy.
As for the land acquisition in the mainland, especially the land with a good geographical location, it is not necessarily possible without some channels and connections. If Ye Boyang wants to use some connections, he still needs the approval of his father before he can proceed smoothly.
…
The office area of Blizzard Entertainment in Irvine, California, USA.
Comet Capital's investment director, Mugur Hosking, came here with several subordinates. According to the order issued by the big boss Zhang Junfeng two days ago, they negotiated with the top management of Blizzard Entertainment, trying to obtain more shares and even the operating rights of Blizzard Entertainment through financing.
However, Mike Morhaime, the president of Blizzard Entertainment, was not interested in the purpose of Mugur Hosking and others' visit. He even said arrogantly, "We at Blizzard Entertainment are not short of cash at the moment. On the contrary, we can earn hundreds of millions of dollars in profits every year. Under such circumstances, I really can't think of any reason why we still need financing?"
The reason why Mike Morhaime rejected the other party so directly was mainly because the release of "WarcraftⅡ: Battle.net Edition" last year brought them unprecedented huge benefits.
The reason for this is mainly due to the correct adjustments they made the year before. In 1998, Blizzard Entertainment released the Sony Playstation version of Diablo, but it only sold tens of thousands of copies and ended in failure.
Later, the senior management of Blizzard Entertainment quickly adjusted the R&D direction and business strategy, focusing on the marketing and listing of "StarCraft", which sold 1 million copies in just three months after its launch.
In December of the same year, StarCraft: Brood War was released, selling 1.5 million copies worldwide that year, making StarCraft the world's best-selling PC game in 1998.
It is precisely because the IP of the game "StarCraft" was successfully shaped by Blizzard Entertainment that Blizzard Entertainment has made a lot of profits in the past two years, and its market value has also increased significantly. Under such circumstances, they do not want the company to have any more financing to dilute the existing interests of these shareholders! Seeing that the negotiation ended in failure and the other party did not agree to his financing proposal, Mugur Hosking had no choice but to accept this result. It is indeed difficult to make those guys give up the visible interests in exchange for more funds and a broader future.
However, he did not give up easily. Instead, he planned to investigate other shareholders of Blizzard Entertainment and try to find a breakthrough from those shareholders to obtain more shares.
He believes that in the context of the ongoing crisis in the Internet industry, there will always be shareholders who will choose a safer approach and sell their shares to cash out, and this is their opportunity.
——————Dividing line——————
On the side of Hyundai Kia Automotive Group, which has received financial support from Comet Capital, under the order of Chairman Chung Mong-koo, many cadres responded and began to frequently contact the senior executives of subsidiaries of Hyundai Group, with whom they had previously had a good relationship, lobbying them to abandon the hopeless Hyundai Group and join Hyundai Kia Automotive Group.
Especially after these cadres put forward the idea and slogan that "Chung Mong-koo will take over these subsidiaries to create a more glorious new Hyundai Group", those senior executives who already felt that the current chairman Chung Mong-sun was incompetent and could not lead them to rebuild their former glory began to waver in their thinking.
On one side is the Hyundai Group, which is continuously weakening and has been frequently rumored to have financial crises. On the other side is the Hyundai Kia Automotive Group, which is gaining momentum and becoming increasingly powerful. Naturally, they are more optimistic about the powerful Chung Mong-koo. After all, he has the strength and is backed by a financially strong financial institution like Comet Capital. It is easy to tell which one is better! (End of this chapter)