Chapter 99 A Completely Different Situation
The terrible domestic environment with a large number of workers being laid off and companies going bankrupt has made ordinary people, who are not rich to begin with, even more reluctant to spend their remaining little money on buying games to pass the time.
Nexon soon encountered a financial crisis after the game's release was a complete failure. President Kim Jung-joo is contacting domestic financial institutions and private lending companies to try to get a loan to help Nexon overcome the difficulties.
…
Wu Mingxi put down the documents in his hand and a long-lost smile appeared on his face. Isn't Nexon, which is now in trouble and in urgent need of funds, the best opportunity for capital injection and acquisition?
If he extended an olive branch to the other party, Kim Jung-joo, who was worried about money, would not refuse. This also meant that the acquisition and negotiation actions led by him against Nexon should be extremely smooth!
Thinking of this, Wu Mingxi couldn't help but relax a lot. It seemed that this case could be completed easily!
…
Compared to Nexon, which is small in scale and covers relatively single fields, the Emily Group that Wu Xiuying is in charge of is much more complicated.
Since Seo Seung-hwan founded Pacific Chemical Industry Co., Ltd. (the predecessor of Amorepacific) in 1945, Amorepacific Cosmetics Company has embarked on an unstoppable journey of rapid development.
In 1948, the first beauty product in Korea, Melody cream, was developed. In 1951, the first pure plant hair wax, ABC hair wax, was launched through rapid freezing technology. In 1954, the first cosmetics research laboratory in Korea's cosmetics industry was established, focusing on studying natural raw materials in Asia and developing technologies and products suitable for Asian skin.
…
By the 1990s, internationalization had become the main theme of the development of the Amorepacific Group. In 1990, Amorepacific established the Sartre factory in France, and Korean cosmetics truly entered the international market.
The Amorepacific Group has started industrial transformation in many fields such as daily necessities, pharmaceuticals, finance, media and electronics, and has gradually become a business group with 25 subsidiaries.
Until 1997, the sudden outbreak of the Asian financial crisis posed severe challenges to Emily's diversified operations. Over-investment led to the company's high debt and severe losses.
According to their current estimate of the market value of the Amore Group, if they want to take over the management rights of the entire Amore Group in one fell swoop, the funds needed to be mobilized are likely to exceed 700 million US dollars! This is only a relatively easy situation to achieve without other external interference. Once the Amore Group gets financial support and fights them to the end, their acquisition plan will probably be deadlocked.
Unless a thunder-like means is used to directly launch an "acquisition war" against the cosmetics company under the Emily Group, in this way, funds and energy will be concentrated to fight the other party, and the probability of successfully taking over the cosmetics company will be greatly increased.
However, Wu Xiuying was not sure whether doing so was what her boss Zhang Junfeng expected.
Just targeting the core subsidiary of the other party is no different from completely breaking up with the other party. Once the other party recovers, there is a high probability that they will compete with them for the management rights of the cosmetics company, right? !
Wu Xiuying, feeling uneasy, took the sorted information to find her cousin Wu Mingxi, wanting to ask for his opinion. Unexpectedly, Wu Mingxi glanced at the information and laughed and teased, "Xiuying, it seems that you may not get the cosmetics gift that the boss promised you!"
Hearing Wu Mingxi say this, Wu Xiuying was relieved and laughed back, "Really? If I can't get it, Mingxi Oppa, you should also not get your share, right?"
"If I remember correctly, Oppa said yesterday that he needed a 'special gift' like this to give to the ladies he was dating! If you can't take over the cosmetics company, you'll lose this gift!" Wu Xiuying thought of the fact that Wu Mingxi was also eyeing the high-end cosmetics under the Emily Group, and she threatened him softly.
Wu Mingxi's smile froze. He had never expected that his cousin would do this to him. She had directly held him up! After several seconds, Wu Mingxi smiled and said shamelessly, "According to the boss's instructions, we only need to collect information and preset the plan. As for other matters, let the boss make the decision himself!"
"But according to my idea, since the boss took the initiative to mention the acquisition of Emily Group, he should be prepared for the situation of Emily Group..." Wu Mingxi recalled Zhang Junfeng's previous working style and made a rough analysis.
After hearing what her cousin said, Wu Xiuying finally relaxed. She had originally thought that the high-end cosmetics she was about to get might be a failure, but now it seems there is still a chance to save them!
——————Dividing line——————
The next morning, Zhang Junfeng came to the office area of Goldman Sachs Group's Korea branch.
I have to say that Leon John is very efficient! In just a month or so, he not only recruited more than 20 elites, but also expanded the office that was originally small enough to be ignored into a branch. Looking at the magnificent decoration style and interior layout, it created a high-profile and powerful atmosphere.
When Zhang Junfeng arrived at the general manager's office where Leon John was, Leon John was leaning on the leather sofa, smoking a cigar happily, looking very comfortable.
"...John, you are living a very comfortable life these days! If Matto Walls knew how carefree you are here, he would probably be jealous!" Zhang Junfeng joked with the other party with a smile, and then sat down on the sofa next to him very casually.
There is no mistake in the poem, post, content, and read the book on 6, 9, and bar!
"Zhang, do you want one too? This is the high-end Elie Bleu brand that I asked someone to get from France!" Leon John showed off his "treasure" to Zhang Junfeng. He had once seen those well-known financiers enjoying expensive cigars and chatting with their peers at a banquet hosted by Wall Street financial giants. It was very enviable.
Fortunately, now he is a "provincial governor" of Goldman Sachs Group, so he can enjoy this high-end cigar with peace of mind!
…
While the two were smoking cigars, Leon John informed Zhang Junfeng that he had submitted an application report to the headquarters and expected to receive a reply in a few days. He just didn't know how much money the headquarters would give them to invest in and acquire department stores under the Yuetian Group.
Zhang Junfeng nodded absentmindedly, holding a choking cigar in his right hand, and explained the purpose of his visit to the other party. "My father-in-law is the chairman of the Five Star Group. He called me over a few days ago and said that the current financial situation of the Five Star Group is still not optimistic. He hopes to cooperate with Goldman Sachs and is willing to transfer part of the company's equity in exchange for investment from Goldman Sachs."
(End of this chapter)