NOVEL NEXT WORLD The youngest son of the chaebol family, Mo Hyun-min
Chapter 40
Conference room of Hanjin Shipping Company Building.
More than a dozen representatives arrived one after another, and Wu Shixian walked in with the cadres of Miracle Investment Company. Many bank representatives and shareholders in the meeting hall enthusiastically stood up to greet Wu Shixian. However, Zhao Liang, the vice president of the Hanjin Group, seemed to be ignored like air, and such a strong gap made Zhao Liang's face obviously dark, and he forcibly endured the anger in his heart so that he did not attack.
The agenda of the meeting proceeded quickly, and it didn't take long to enter today's key session, according to the proposal of Wu Shixian, representative of Miracle Investment Company, whether to pass the resolution on whether to elect a new board of directors. When the host of the meeting said yes, please raise your hand, several people present did not hesitate to raise their hands, and then some small shareholders also raised their hands when they saw this.
Seeing more and more people raising their hands in agreement, Zhao Liang was completely strained, and shouted angrily, "You guys! How dare this! How much benefit have been shared from Hanjin Shipping Company over the years, and now they actually dare to unite with outsiders to seize our Hanjin Group's shipping company, are they not afraid of our retaliation afterwards?
In the face of Zhao Liang's undisguised threatening words, many people present turned cold, thinking of the Hanjin Group's power in the Stick Country, they couldn't help but be a little afraid. Several minority shareholders even retracted their raised hands because of fear.
Seeing this, Wu Shixian replied coldly, "Mr. Zhao, pay attention to your words. This is Hanjin Shipping Company, not your Hanjin Group. What you just said, I can see as intimidation, if you don't apologize for what you just said, I will now have people contact the police department.
"Asibah! It's simply shameless..." Just when Zhao Liang still wanted to continue to insult Wu Shixian, he was already pulled by the cronies around him, after all, the old president of their Hanjin Group is still lying in the hospital, if the vice president is called to the police station, then their Hanjin Group's stock is estimated to fall sharply again, and the loss caused by a momentary mouth cannon is too great, and the gain is not worth the loss!
The angry Zhao Liang did not mean to apologize, but Minister Jin beside him understood it, quickly bowed to everyone to apologize, and asked for your forgiveness...
Seeing this, Wu Shixian did not say anything more, greeted the host, and signaled the voting to continue.
......
Soon the voting results came in, and a number of banks such as Miracle Company, KB Bank, and Youli Holdings and some minority shareholders agreed to the proposal to re-elect the board of directors, and their shares reached 53.5%.
This result made many bank representatives and minority shareholders happy, they did not expect that this temporary cooperation would really take the operating right of Hanjin Shipping Company from Hanjin Group.
And in the face of the threat of the red fruit of Hanjin Group, Wu Shixian, president of Miracle Investment Company, was even more direct and exciting! While everyone was cheering, Zhao Liang took the cadres of the Hanjin Group with a livid face and slammed the door.
He never thought that these banks did not know what benefits they received from Miracle Investment Company, and they were determined to compete with them for shipping companies, even if he offered a high salary, he failed to impress them, which is really hateful!
After successfully winning the management right, Wu Shixian struck while the iron was hot, and asked the host to elect the new members of the board of directors. As he and Mr. Chen expected, many banks and some shareholders became new members of the board. Wu Shixian was elected as the new president of the shipping company.
......
The battle for Hanjin Shipping Company ended with a big victory for Miracle Investment Company. All the chaebol parents who are watching this drama are shocked by this result. They did not expect that the foreign tiger of Miracle Investment Company actually defeated the top chaebol Hanjin Group in their stick country, and even took away one of the core industries of Hanjin Group.
Zhu Yirong of Daying Group was also quite surprised when he heard the report of his subordinates. He always thought that although this miracle investment company had a Wall Street background, the other party only invested in potential projects and fields, but he did not expect that the other party also had ambitions for real enterprises! For the failure of the Hanjin
Group, he has some contempt, except for the chairman of the Hanjin Zhao family, Zhao Zhongxun is a character, the son and two daughters are mediocre, and there is no one who can stand alone! If it weren't for Zhao Zhongxun's sudden illness, I think that miracle investment company would not have won the right to operate Hanjin Shipping so smoothly.
"Fortunately, the five sons of my Zhu family, all of them can be alone! Much stronger than that Zhao Zhongxun! Hahaha! President Zhu Yirong couldn't help but laugh when he thought of his sons with good abilities, and compared them with the three wine bags of the Zhao family!
Zhengxinzhai Chen family.
Chen Yangji, who wore reading glasses, looked at the report that Room Chief Li took over for a long time, and was silent for a long time. When he put down the report, he couldn't help but let out a long sigh.
"The Hanjin Group is considered to have collapsed. I didn't expect that Zhao Zhongxun's son was actually such a waste, even the shipping company couldn't keep it!^... This miracle investment company is a rival that should not be underestimated!
Chen Yangji also did not expect that the arrogant and domineering Zhao Zhongxun and the powerful Hanjin Group would collapse in half so quickly, and the other party used the strategy of attacking the east and west, first pretending to attack Hanjin Airlines, tossing the Hanjin Group to a pulp, and then taking advantage of its unpreparedness to sneak up on Hanjin Shipping Company. It has also connected several banks to obtain their voting rights, and this set of operations can be called a flow, quite clever!
"Dad, should we help the Hanjin Group? After all, they are also big chaebols. Even if you lose a shipping company, the loss is not small, but you should be able to recover soon. Chen Yongji suggested from the sidelines, in his view, chaebols can help each other and form alliances to jointly resist risks, so as to more stable nuclear security.
"Big brother, are you stupid? The three major subsidiaries that Hanjin Group is proud of have gone to the second, and the land transportation company is left alone, and it is good if it does not collapse. I heard that they also applied for a large loan with KB Bank to stabilize the airline. Can you repay the loan? Chen Dongji was quite disgusted by his eldest brother Chen Yongji's proposal and retorted.
Looking at the two sons who had a tendency to gradually quarrel, Chen Yangji said angrily, "You also need to argue about this kind of thing? If Hanjin Group wants to ease up from this turmoil, I am afraid it will be difficult. It's better to help them than to go to Miracle Investment in advance.
Chen Yangji said with a solemn face, "You guys take a closer look at the report that Director Li brought from the Secretariat. This miracle investment company is so well funded, they recently acquired not only a large stake in Hanjin Shipping, but also a stake in Amorepacific's cosmetics company! Double-line combat, actually succeeded! "
“...... How is this possible? How do they have so much cash? Seeing the report thrown by Chen Yangji, the two brothers Chen Yongji and Chen Dongji were completely dumbfounded. It must be known that the common practice of chaebols and large and small enterprises in the country of sticks is to mortgage part of the stock in exchange for a large amount of cash for business expansion through banks, which also leads to high indebtedness of enterprises.
This miracle company was able to come up with so much cash to buy the shares of two companies in one go, and according to the preliminary calculation of the acquired shares, the funds used may have exceeded 1.2 billion US dollars (about 1.4 trillion won)!
Such a terrifying and amazing cash flow, even those big banks could not get so much in a while! Which big man on Wall Street is behind this miracle investment company? It's so arrogant!
"Yongji, visit this President Wu Shixian when you have time. By the way, find out what plans the other party has behind them. Such opponents, unless necessary, do not have a head-on conflict with them. Chen Yangji instructed his eldest son.
"I see, Dad." Chen Yongji nodded.
......
More than a dozen representatives arrived one after another, and Wu Shixian walked in with the cadres of Miracle Investment Company. Many bank representatives and shareholders in the meeting hall enthusiastically stood up to greet Wu Shixian. However, Zhao Liang, the vice president of the Hanjin Group, seemed to be ignored like air, and such a strong gap made Zhao Liang's face obviously dark, and he forcibly endured the anger in his heart so that he did not attack.
The agenda of the meeting proceeded quickly, and it didn't take long to enter today's key session, according to the proposal of Wu Shixian, representative of Miracle Investment Company, whether to pass the resolution on whether to elect a new board of directors. When the host of the meeting said yes, please raise your hand, several people present did not hesitate to raise their hands, and then some small shareholders also raised their hands when they saw this.
Seeing more and more people raising their hands in agreement, Zhao Liang was completely strained, and shouted angrily, "You guys! How dare this! How much benefit have been shared from Hanjin Shipping Company over the years, and now they actually dare to unite with outsiders to seize our Hanjin Group's shipping company, are they not afraid of our retaliation afterwards?
In the face of Zhao Liang's undisguised threatening words, many people present turned cold, thinking of the Hanjin Group's power in the Stick Country, they couldn't help but be a little afraid. Several minority shareholders even retracted their raised hands because of fear.
Seeing this, Wu Shixian replied coldly, "Mr. Zhao, pay attention to your words. This is Hanjin Shipping Company, not your Hanjin Group. What you just said, I can see as intimidation, if you don't apologize for what you just said, I will now have people contact the police department.
"Asibah! It's simply shameless..." Just when Zhao Liang still wanted to continue to insult Wu Shixian, he was already pulled by the cronies around him, after all, the old president of their Hanjin Group is still lying in the hospital, if the vice president is called to the police station, then their Hanjin Group's stock is estimated to fall sharply again, and the loss caused by a momentary mouth cannon is too great, and the gain is not worth the loss!
The angry Zhao Liang did not mean to apologize, but Minister Jin beside him understood it, quickly bowed to everyone to apologize, and asked for your forgiveness...
Seeing this, Wu Shixian did not say anything more, greeted the host, and signaled the voting to continue.
......
Soon the voting results came in, and a number of banks such as Miracle Company, KB Bank, and Youli Holdings and some minority shareholders agreed to the proposal to re-elect the board of directors, and their shares reached 53.5%.
This result made many bank representatives and minority shareholders happy, they did not expect that this temporary cooperation would really take the operating right of Hanjin Shipping Company from Hanjin Group.
And in the face of the threat of the red fruit of Hanjin Group, Wu Shixian, president of Miracle Investment Company, was even more direct and exciting! While everyone was cheering, Zhao Liang took the cadres of the Hanjin Group with a livid face and slammed the door.
He never thought that these banks did not know what benefits they received from Miracle Investment Company, and they were determined to compete with them for shipping companies, even if he offered a high salary, he failed to impress them, which is really hateful!
After successfully winning the management right, Wu Shixian struck while the iron was hot, and asked the host to elect the new members of the board of directors. As he and Mr. Chen expected, many banks and some shareholders became new members of the board. Wu Shixian was elected as the new president of the shipping company.
......
The battle for Hanjin Shipping Company ended with a big victory for Miracle Investment Company. All the chaebol parents who are watching this drama are shocked by this result. They did not expect that the foreign tiger of Miracle Investment Company actually defeated the top chaebol Hanjin Group in their stick country, and even took away one of the core industries of Hanjin Group.
Zhu Yirong of Daying Group was also quite surprised when he heard the report of his subordinates. He always thought that although this miracle investment company had a Wall Street background, the other party only invested in potential projects and fields, but he did not expect that the other party also had ambitions for real enterprises! For the failure of the Hanjin
Group, he has some contempt, except for the chairman of the Hanjin Zhao family, Zhao Zhongxun is a character, the son and two daughters are mediocre, and there is no one who can stand alone! If it weren't for Zhao Zhongxun's sudden illness, I think that miracle investment company would not have won the right to operate Hanjin Shipping so smoothly.
"Fortunately, the five sons of my Zhu family, all of them can be alone! Much stronger than that Zhao Zhongxun! Hahaha! President Zhu Yirong couldn't help but laugh when he thought of his sons with good abilities, and compared them with the three wine bags of the Zhao family!
Zhengxinzhai Chen family.
Chen Yangji, who wore reading glasses, looked at the report that Room Chief Li took over for a long time, and was silent for a long time. When he put down the report, he couldn't help but let out a long sigh.
"The Hanjin Group is considered to have collapsed. I didn't expect that Zhao Zhongxun's son was actually such a waste, even the shipping company couldn't keep it!^... This miracle investment company is a rival that should not be underestimated!
Chen Yangji also did not expect that the arrogant and domineering Zhao Zhongxun and the powerful Hanjin Group would collapse in half so quickly, and the other party used the strategy of attacking the east and west, first pretending to attack Hanjin Airlines, tossing the Hanjin Group to a pulp, and then taking advantage of its unpreparedness to sneak up on Hanjin Shipping Company. It has also connected several banks to obtain their voting rights, and this set of operations can be called a flow, quite clever!
"Dad, should we help the Hanjin Group? After all, they are also big chaebols. Even if you lose a shipping company, the loss is not small, but you should be able to recover soon. Chen Yongji suggested from the sidelines, in his view, chaebols can help each other and form alliances to jointly resist risks, so as to more stable nuclear security.
"Big brother, are you stupid? The three major subsidiaries that Hanjin Group is proud of have gone to the second, and the land transportation company is left alone, and it is good if it does not collapse. I heard that they also applied for a large loan with KB Bank to stabilize the airline. Can you repay the loan? Chen Dongji was quite disgusted by his eldest brother Chen Yongji's proposal and retorted.
Looking at the two sons who had a tendency to gradually quarrel, Chen Yangji said angrily, "You also need to argue about this kind of thing? If Hanjin Group wants to ease up from this turmoil, I am afraid it will be difficult. It's better to help them than to go to Miracle Investment in advance.
Chen Yangji said with a solemn face, "You guys take a closer look at the report that Director Li brought from the Secretariat. This miracle investment company is so well funded, they recently acquired not only a large stake in Hanjin Shipping, but also a stake in Amorepacific's cosmetics company! Double-line combat, actually succeeded! "
“...... How is this possible? How do they have so much cash? Seeing the report thrown by Chen Yangji, the two brothers Chen Yongji and Chen Dongji were completely dumbfounded. It must be known that the common practice of chaebols and large and small enterprises in the country of sticks is to mortgage part of the stock in exchange for a large amount of cash for business expansion through banks, which also leads to high indebtedness of enterprises.
This miracle company was able to come up with so much cash to buy the shares of two companies in one go, and according to the preliminary calculation of the acquired shares, the funds used may have exceeded 1.2 billion US dollars (about 1.4 trillion won)!
Such a terrifying and amazing cash flow, even those big banks could not get so much in a while! Which big man on Wall Street is behind this miracle investment company? It's so arrogant!
"Yongji, visit this President Wu Shixian when you have time. By the way, find out what plans the other party has behind them. Such opponents, unless necessary, do not have a head-on conflict with them. Chen Yangji instructed his eldest son.
"I see, Dad." Chen Yongji nodded.
......
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