Chapter 59: Ants swallowing elephants? Difficult!
However, when he tried to persuade his own chairman, Kim Jong-tae, Kim Jong-tae did not give him a good face and even scolded him! As the person in charge of KB Bank for many years, Kim Jong-tae knows too well the dirty things in financial institutions! Although the title of the International Monetary Fund is very intimidating, these guys are all eaters without spitting bones!
Once they accept their assistance, it is unknown whether all the middle and senior management of KB Bank, including himself, will be fired and lose their jobs. It is better to cooperate with Zhang Junfeng, at least their interests can be protected! As for whether the Blue House and Mr. Yongsan will agree? Most of them will remain silent and pretend that nothing happened!
After all, the entire country's financial system has almost collapsed. It is a blessing in disguise that someone is willing to invest and take over! The overseas loans that are due to be repaid at the end of this year alone are as high as 20 billion US dollars. They are already busy and exhausted, so how can they care about the life and death of other people's companies? !
After understanding the whole story, the young assistant fell silent. Although he didn't want to admit it, the president's approach was the best solution at the moment! ...
On the way back to the hotel, the atmosphere inside the black business car that Zhang Junfeng and others were riding in was quite lively.
Wu Mingxi, who was sitting in front of Zhang Junfeng, leaned sideways, flattering his boss with an excited look. This trip to KB Bank shocked him! Although he knew that his boss had made a lot of US dollars from the short-selling of Hanbao Steel, he never thought that the wealth of this young boss could be so huge. He was really shocked! Fortunately, he had seen a lot of ups and downs in the past year, so he did not behave inappropriately in the meeting room of KB Bank.
Zhang Junfeng was not at all bothered by Wu Mingxi's flattery, but rather enjoyed it. After all, how many people can refuse the "sincere" praise from their subordinates? Leon John on the side did not expect that this operation would be so smooth. He just showed up and introduced the situation, and it was done! It was so easy that it was like a dream! If this happened in the United States or other European countries, if there was no wrangling for ten days, half a month, or even several months, I'm afraid there would be no progress at all! Is the efficiency of work in Goryeo so high now? In response to Leon John's doubts, Zhang Junfeng just smiled and explained, "Their financial situation is quite serious and they urgently need a large amount of funds to turn over", and did not continue to delve into this topic.
It's just that "the speaker is unintentional, but the listener is intentional", especially when he saw Zhang Junfeng took over a large bank so easily, Leon John also began to have some ideas in his mind.
After the economic collapse of Thailand, Singapore and other places, many foreign financial institutions took advantage of the situation and bought up many shares of listed companies and properties in excellent locations at almost bargain prices.
Now, Goryeo seems to be a good investment spot! However, his position in Goldman Sachs is not high enough, so he can only make suggestions on some things. It is hard to say whether the senior executives who make the decision will agree!
"...Forget it, I'll just make a report on the situation here and send it to my boss, Mato Walsh, and let him handle the rest!" Leon John thought secretly in his heart.
Especially when he heard that Zhang Junfeng was planning to host a banquet for them, the "heroes", tonight to celebrate their success and would invite many beautiful women to accompany them, Leon John immediately became excited!
It is not easy to have the wonderful experience of appreciating and communicating with beautiful women in a foreign country, and Leon John hates wasting it the most!
…
In the evening, Zhang Junfeng asked Jin Youdao to arrange his subordinates to send the two passionate beauties and the half-drunk Leon John back to the hotel, and then he started talking about business with Wu Mingxi.
"Director Wu, the materials you compiled mentioned that KB Bank has pledged shares of many large domestic companies, including Hanjin Shipping under Hanjin Group, LG Cosmetics under LG Group, several subsidiaries of Yuetian Group, and Hyundai Motor under Hyundai Group?"
"Yes! As one of the four largest banks in Goryeo, most of KB Bank's funds are borrowed by these top domestic companies. Now these big companies are on the verge of bankruptcy, so how can they care about paying the loans and interest owed to the banks on time?"
"KB Bank is in such a difficult situation now, which has a lot to do with those big enterprises..." Wu Mingxi said with emotion. If he had not conducted a special investigation, he would not have thought that the big bank that was once so prosperous would also face such a frustrating time~!
Zhang Junfeng raised his lips slightly, and suddenly said, "What if we take over KB Bank and ask these big companies to repay their loans, but they refuse to do so? Do you have any good ideas?"
Wu Mingxi was stunned. What did his boss mean?! Was he going to take action against these big companies? This... wasn't it a bit hasty?!
But since Zhang Junfeng asked, he could only tell the truth. According to relevant legal provisions, if a company's debts are due and cannot be repaid, the bank can sue and force the other party to repay.
Of course, in addition to this, the bank's shares can also be compensated by converting debt into company shares, but this method is not often used. From the perspective of business operations, the investment value of companies that cannot repay debts is generally not high. Converting debt into shares will most likely result in losses, and the loss may be relatively large!
After learning that these debts could be converted into shares, Zhang Junfeng smiled brightly. In this way, wouldn't he be able to save a lot of money if he wanted to take over Hanjin Shipping? ! Moreover, through the channels of KB Bank, perhaps he could "attack the city and capture the stronghold" in a short period of time, taking advantage of the fact that these large companies are still struggling to survive, and bite off a large piece of "fat meat" from them, so as to obtain more profits for himself! However, if he wants to carry out the plan smoothly, it is probably difficult for him to complete it alone. Being able to swallow a bank and a subsidiary of a large enterprise should be the limit. If he wants to make any more moves, it will inevitably attract the attention of the Blue House.
Even those big companies, after knowing his purpose, would not be willing to sit back and wait for death, and be slaughtered. If he deliberately entangled with him and delayed, he might not be able to get things done in a short time!
There is no mistake in the poem, post, content, and read the book on 6, 9, and bar!
(End of this chapter)