The rebirth of the Hong Kong Island chaebol, starting with a short-selling Eagle Sauce
Chapter 301 The chaebol’s chaebol are aggressive
"Boss, let me tell you some good news. Our total profit from short selling in Cold Coin is as high as 300 billion U.S. dollars. Before you took over the economy of Cold Country, we successfully cashed out this fund!"
The short selling of Hanbi started almost at the same time as the Thai baht. When entering the game, the exchange rate of Hanbi was still as high as 780:1, but due to the breakdown of negotiations with the imf and a series of unfavorable news.
In a very short period of time, Hancoin once fell below the 2000 mark.
After Bailong Bank announced that it would take over Hanguo's economy, Hanyuan immediately recovered and is now stable at around 1600:1.
"Very good. According to the plan, we will continue to short Hanguo's stock market. All the negative news collected by Thousand Faced Fox can be disseminated."
Only if the stock price is low, Wang Lei will be able to make acquisitions more efficiently.
There is a rule in Han State that foreign capital cannot exceed 50% of a company's shares, but this rule does not apply only to the White Dragon Consortium.
Cayman Capital drove the stock market down, and then it was time for Wang Lei to reap the rewards.
The big chaebols who came to the Wang Mansion for a meeting the next day were not in a good mood.
Because Hanguo's stock market plummeted, some rumors were circulating among the people that they were about to go bankrupt.
Their market value has evaporated a lot in just a few months.
If it continues to fall, it will be difficult for them to borrow loans even if they use their shares as collateral.
What makes Li Jianxi and Jin Yuzhong a little uncomfortable is that they are vaguely isolated by other chaebols. Hyundai, LG, and SK are sitting in the row opposite them.
As we all know, Samsung and Daewoo are the core allies of the Wang family. They cannot resist Wang Lei, so they naturally point the finger at them.
Just when the atmosphere was almost solidified, Lotte's boss Qi arrived belatedly.
"Sorry everyone, I'm a little late."
Hyundai President Zheng Yongzheng waved to Boss Qi:
"It's not too late, it's not too late, come and sit here."
Boss Qi looked at the postures of both parties, ignored the greetings of the modern elder brother, and sat next to Li Jianxi.
Of course Zheng Yongzheng was unhappy. He was the number one chaebol in Han Country, with the oldest qualifications among all the people. He even dared to openly challenge the president and controlled 16% of Han Country's total production. If the situation was not stronger than others, he would not have done it at all. Give Wang Lei any face.
At that moment, all the top six chaebols were present and divided into two camps.
But no matter how you look at it, the three major chaebols close to the Wang family are weaker, and Lotte is not even ranked among the top five.
But from the moment Wang Lei walked into the conference room, all the chaebols stood up to greet him.
Because this young man controls the tomorrow and future of their business.
"I invite you here today just to talk about how to distribute aid funds."
Seeing that no one spoke, Wang Lei continued:
"Let me give you a heads-up first. I plan to let the groups ranked 6th to 70th merge with each other, reorganize their debts, go bankrupt if they should, and apply for assistance if they should apply for assistance."
Zheng Yongzheng couldn't sit still and asked eagerly;
“Does this include the two big groups Kia and Jinro?”
This is also the same question that everyone has. Kia's filing for bankruptcy was something that no one expected.
As the largest automobile company in the cold country, it has naturally become the target of competition among the chaebols.
Hyundai is even more determined to win it.
In the original history, in 98, it gritted its teeth and bought 51% of Kia's shares.
Wang Lei smiled and said:
"Don't worry, Kia is not among them and I do not intend to provide any assistance to them."
Zheng Zhengyong was about to breathe a sigh of relief when he heard Wang Lei continue:
"I plan to let Daewoo Motors acquire the bankrupt Kia Corporation, buy back all its shares from creditors, and officially change its name to Bailong Motors!"
"I hope you can withdraw from the competition for Kia and let me win Kia at the lowest price."
Everyone was furious at Wang Lei's behavior. Zheng Zhengyong could only feel helpless and furious in his heart. Because he couldn't get the bailout, he was powerless to acquire Kia.
The reason why Wang Lei is so strong is that the automotive industry is a very important part of his future layout. He has even asked people to contact BYD Battery, intending to spend heavily to support its research and development of batteries.
"As for the 100 billion in corporate aid, I plan to allocate 20 billion to assist small and medium-sized groups, and the remaining 80 billion will be divided among the six of you."
After hearing this, the six people looked better.
In this way, they can deal with debt collection calls from foreign banks and invest the remaining money in production.
Li Jianxi asked with a shy face:
"Then how will the six of us distribute the $80 billion?"
"Father-in-law, don't worry, these 80 billion US dollars are not for nothing."
Jin Yuzhong asked:
"The interest rate is still 12%?"
Wang Lei shook his head: "The interest rate is only 5%!"
Everyone became uneasy after hearing this. It was a problem for such a low interest rate to beat inflation. The Wang family was not a charity, so they must have ulterior motives.
"I hope to acquire 51% of the shares of each parent company at your current market value!"
Everyone was furious when they heard this.
Li Jianxi also looked at Wang Lei with doubtful eyes.
They seem to be asking, why is it 51%?
Wang Lei just pretended not to see it.
The chaebols all thought Wang Lei was crazy. Boss Xin hurriedly said:
"Mr. Wang, your idea is simply unrealistic. We have a lot of shares in the hands of low-pressure foreign investors. We want to sell them to you, but those people don't agree."
Of course Wang Lei knew this, he smiled and said:
"I will naturally communicate this matter with them, provided that you agree to the acquisition by the White Dragon Consortium."
Li Jianxi thought for a while, if the debt could not be exchanged, these shares would still fall into the hands of foreigners. It was better to borrow the shares from Wang Lei. It was better to benefit his own grandson than to benefit foreigners.
"We, the Samsung Li family, agree to this acquisition!"
Everyone was in an uproar. After all, Wang Lei was just the son-in-law of the Li family. How could Li Jianxi make such a stupid decision.
After finishing speaking, Li Jianxi began to encourage Jin Yuzhong:
"Lao Jin, your Daewoo debt problem is urgent. If you don't make a decision now, how long do you think Daewoo can hold on?"
"If we have taken advantage of those foreigners, we might as well ask Wang Lei to help us recover the mortgaged shares."
Jin Yuzhong gritted his teeth. That was 51% of the equity. Will Daewoo’s surname be Jin or Wang in the future?
"Don't worry, everyone. I will sign an agreement with you. After Bailong becomes a shareholder, the group will still be run by you and will not interfere with your sovereignty. Bailong only retains the power of supervision and impeachment."
As he said that, Wang Lei looked at Boss Xin, his eyes full of threats.
As the sixth largest chaebol, Lotte was not qualified to sit here. Wang Lei gave him the power to make a choice.
Boss Xin didn't dare to look into Wang Lei's eyes, but he immediately thought of a good idea:
"We at Hanguo Lotte are willing to facilitate this deal!"
Just Han Guo Lotte?
Wang Lei still let go and continued to use his eyes to kill Boss Xin. At least this guy showed his attitude.
He turned his attention to Jin Yuzhong again:
"Senior Jin, what do you Daewoo say?"
Jin Yuzhong said frankly:
"Mr. Wang, you suddenly asked for 51% of our equity, which really caught us off guard. Can you allow me to go back and think about it carefully?"
The short selling of Hanbi started almost at the same time as the Thai baht. When entering the game, the exchange rate of Hanbi was still as high as 780:1, but due to the breakdown of negotiations with the imf and a series of unfavorable news.
In a very short period of time, Hancoin once fell below the 2000 mark.
After Bailong Bank announced that it would take over Hanguo's economy, Hanyuan immediately recovered and is now stable at around 1600:1.
"Very good. According to the plan, we will continue to short Hanguo's stock market. All the negative news collected by Thousand Faced Fox can be disseminated."
Only if the stock price is low, Wang Lei will be able to make acquisitions more efficiently.
There is a rule in Han State that foreign capital cannot exceed 50% of a company's shares, but this rule does not apply only to the White Dragon Consortium.
Cayman Capital drove the stock market down, and then it was time for Wang Lei to reap the rewards.
The big chaebols who came to the Wang Mansion for a meeting the next day were not in a good mood.
Because Hanguo's stock market plummeted, some rumors were circulating among the people that they were about to go bankrupt.
Their market value has evaporated a lot in just a few months.
If it continues to fall, it will be difficult for them to borrow loans even if they use their shares as collateral.
What makes Li Jianxi and Jin Yuzhong a little uncomfortable is that they are vaguely isolated by other chaebols. Hyundai, LG, and SK are sitting in the row opposite them.
As we all know, Samsung and Daewoo are the core allies of the Wang family. They cannot resist Wang Lei, so they naturally point the finger at them.
Just when the atmosphere was almost solidified, Lotte's boss Qi arrived belatedly.
"Sorry everyone, I'm a little late."
Hyundai President Zheng Yongzheng waved to Boss Qi:
"It's not too late, it's not too late, come and sit here."
Boss Qi looked at the postures of both parties, ignored the greetings of the modern elder brother, and sat next to Li Jianxi.
Of course Zheng Yongzheng was unhappy. He was the number one chaebol in Han Country, with the oldest qualifications among all the people. He even dared to openly challenge the president and controlled 16% of Han Country's total production. If the situation was not stronger than others, he would not have done it at all. Give Wang Lei any face.
At that moment, all the top six chaebols were present and divided into two camps.
But no matter how you look at it, the three major chaebols close to the Wang family are weaker, and Lotte is not even ranked among the top five.
But from the moment Wang Lei walked into the conference room, all the chaebols stood up to greet him.
Because this young man controls the tomorrow and future of their business.
"I invite you here today just to talk about how to distribute aid funds."
Seeing that no one spoke, Wang Lei continued:
"Let me give you a heads-up first. I plan to let the groups ranked 6th to 70th merge with each other, reorganize their debts, go bankrupt if they should, and apply for assistance if they should apply for assistance."
Zheng Yongzheng couldn't sit still and asked eagerly;
“Does this include the two big groups Kia and Jinro?”
This is also the same question that everyone has. Kia's filing for bankruptcy was something that no one expected.
As the largest automobile company in the cold country, it has naturally become the target of competition among the chaebols.
Hyundai is even more determined to win it.
In the original history, in 98, it gritted its teeth and bought 51% of Kia's shares.
Wang Lei smiled and said:
"Don't worry, Kia is not among them and I do not intend to provide any assistance to them."
Zheng Zhengyong was about to breathe a sigh of relief when he heard Wang Lei continue:
"I plan to let Daewoo Motors acquire the bankrupt Kia Corporation, buy back all its shares from creditors, and officially change its name to Bailong Motors!"
"I hope you can withdraw from the competition for Kia and let me win Kia at the lowest price."
Everyone was furious at Wang Lei's behavior. Zheng Zhengyong could only feel helpless and furious in his heart. Because he couldn't get the bailout, he was powerless to acquire Kia.
The reason why Wang Lei is so strong is that the automotive industry is a very important part of his future layout. He has even asked people to contact BYD Battery, intending to spend heavily to support its research and development of batteries.
"As for the 100 billion in corporate aid, I plan to allocate 20 billion to assist small and medium-sized groups, and the remaining 80 billion will be divided among the six of you."
After hearing this, the six people looked better.
In this way, they can deal with debt collection calls from foreign banks and invest the remaining money in production.
Li Jianxi asked with a shy face:
"Then how will the six of us distribute the $80 billion?"
"Father-in-law, don't worry, these 80 billion US dollars are not for nothing."
Jin Yuzhong asked:
"The interest rate is still 12%?"
Wang Lei shook his head: "The interest rate is only 5%!"
Everyone became uneasy after hearing this. It was a problem for such a low interest rate to beat inflation. The Wang family was not a charity, so they must have ulterior motives.
"I hope to acquire 51% of the shares of each parent company at your current market value!"
Everyone was furious when they heard this.
Li Jianxi also looked at Wang Lei with doubtful eyes.
They seem to be asking, why is it 51%?
Wang Lei just pretended not to see it.
The chaebols all thought Wang Lei was crazy. Boss Xin hurriedly said:
"Mr. Wang, your idea is simply unrealistic. We have a lot of shares in the hands of low-pressure foreign investors. We want to sell them to you, but those people don't agree."
Of course Wang Lei knew this, he smiled and said:
"I will naturally communicate this matter with them, provided that you agree to the acquisition by the White Dragon Consortium."
Li Jianxi thought for a while, if the debt could not be exchanged, these shares would still fall into the hands of foreigners. It was better to borrow the shares from Wang Lei. It was better to benefit his own grandson than to benefit foreigners.
"We, the Samsung Li family, agree to this acquisition!"
Everyone was in an uproar. After all, Wang Lei was just the son-in-law of the Li family. How could Li Jianxi make such a stupid decision.
After finishing speaking, Li Jianxi began to encourage Jin Yuzhong:
"Lao Jin, your Daewoo debt problem is urgent. If you don't make a decision now, how long do you think Daewoo can hold on?"
"If we have taken advantage of those foreigners, we might as well ask Wang Lei to help us recover the mortgaged shares."
Jin Yuzhong gritted his teeth. That was 51% of the equity. Will Daewoo’s surname be Jin or Wang in the future?
"Don't worry, everyone. I will sign an agreement with you. After Bailong becomes a shareholder, the group will still be run by you and will not interfere with your sovereignty. Bailong only retains the power of supervision and impeachment."
As he said that, Wang Lei looked at Boss Xin, his eyes full of threats.
As the sixth largest chaebol, Lotte was not qualified to sit here. Wang Lei gave him the power to make a choice.
Boss Xin didn't dare to look into Wang Lei's eyes, but he immediately thought of a good idea:
"We at Hanguo Lotte are willing to facilitate this deal!"
Just Han Guo Lotte?
Wang Lei still let go and continued to use his eyes to kill Boss Xin. At least this guy showed his attitude.
He turned his attention to Jin Yuzhong again:
"Senior Jin, what do you Daewoo say?"
Jin Yuzhong said frankly:
"Mr. Wang, you suddenly asked for 51% of our equity, which really caught us off guard. Can you allow me to go back and think about it carefully?"
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