The rebirth of the Hong Kong Island chaebol, starting with a short-selling Eagle Sauce

"consider?"

Faced with Jin Yuzhong's attitude of not seeing the situation clearly, Wang Lei was very dissatisfied. No wonder the little old man was made bankrupt and had to go to prison for further studies at a young age.

"Uncle Jin, I hope you can give me an answer now."

The threat is self-evident.

Jin Yuzhong felt extremely stressed, with cold sweat overflowing from his forehead.

Everyone is very uncomfortable with this atmosphere. Who are they? They are the great Han chaebols who monopolize people's livelihood. They are big shots who would shake the Han country just by stomping their feet.

In the past, they had only coerced others, but this was the first time they were threatened.

As a result, Zheng Zhengyong couldn't stand it any longer, and he asked angrily:

"Mr. Wang, are you trying to buy or sell by force?"

Seeing that all the plutocrats looked unconvinced, Wang Lei sneered:

"How could it be? I respect your wishes very much. Since you need time to think about it, okay, no problem, then we will put the problem aside for now, and I will solve their problems first for small and medium-sized enterprises."

"Dismiss!"

Seeing that Wang Lei was unwilling to give them aid money, Zheng Zhengyong and his people left angrily, planning to go to Representative Jin to complain about this kid's forced buying and selling.

"President Jin, why don't you leave?"

"A Lei, I..."

"President Jin, don't put too much pressure on yourself. Don't you have to think about it? I'll just give you time."

Seeing Wang Lei chasing people away, Jin Yuzhong had no choice but to leave Wang's house worried about gain and loss.

"Bah, what the hell."

Boss Xin said angrily:

"This guy can't understand the situation."

"Boss Xin, you have done a great job. Don't worry, Lotte Han Country still belongs to the Xin family. Next, I will ask the financial department to allocate you a 10 billion interest-free loan."

Boss Xin couldn't help laughing after hearing this.

One billion US dollars was interest-free, which far exceeded his expectations.

Li Jianxi asked hurriedly:

"Good son-in-law, where is our Samsung?"

"20 billion U.S. dollars, the same interest-free loan, and at least 50 billion in aid will be provided one after another."

Hearing this, the stone in Li Jianxi's heart fell to the ground safely.

He didn't realize how precious the U.S. dollar was before, but it wasn't until imports stagnated and Samsung was on the verge of a complete shutdown that he realized how precious the U.S. dollar was.

This 20 billion US dollars is life-saving money.

"I hope you will use this money wisely and continue to expand production and make reverse investments!"

Both of them deeply agreed with this.

Most people think that when encountering a major financial crisis, they should reduce investment and save more money.

That applies to the average person, and it's a good time for big companies like Samsung to invest more.

You can take advantage of the difficult time for everyone to seize the market and expand during the crisis. When the crisis is over, there will be no such good opportunities.

"But I hope that the two of us can sit down and exchange some industries, so that we can not only achieve industry complementarity, but also avoid vicious internal competition."

The two felt that this made sense. They also wanted to reduce the burden on the parent group and get rid of some unimportant baggage.

Li Jianxi asked worriedly:

"A Lei, are you going to convince those debt holders?"

"It's nothing more than coercion and inducement. What if the mortgaged equity becomes worthless?"

Hearing Wang Lei's cold words, both of them couldn't help but shudder.

In fact, Robert on the other side has already started taking action.

They released a research report on the deficit problem of the ten largest chaebols in Han Country.

Data show that under the impact of the East Asian financial crisis.

By the end of 1996, the total debt of the 28 largest enterprise groups in the cold country was US$1775 billion, and the average debt ratio was as high as 450%!

The debt of Hyundai Group alone is as high as US$660 billion, accounting for 20% of South Korea's GDP!

Cayman Fund believes that a company's debt ratio is within the normal range of 40% to 60%, and some industries can barely accept a debt ratio of 70%.

More than 100% is insolvent, and liabilities are 4.5 times greater than assets, which is simply a fantasy.

Robert joked in an interview that not shorting Hyundai would be an insult to his career for a conscientious short seller.

Well, what creditors and people who owe money tried their best to keep secret were exposed by Cayman Capital.

The report also exposed in detail those financial institutions that were taking investors' money and lending money to the old people in the cold country.

It is undoubtedly a big disaster for cold country enterprises that owe money and overseas financial institutions that borrow money.

Not only did the stocks of listed companies of several major chaebols plummet, but the stock prices of overseas banks were also shorted.

Investors who knew the truth protested to financial institutions one after another, and a run crisis almost erupted.

Zheng Zhengyong and Jin Yuzhong found Representative Jin and hoped that he could comment.

Representative Kim, who has just been re-elected, is discussing economic reform with Han Si-hyun.

After listening to the angry and helpless complaints from several people, Han Shixian secretly laughed in his heart.

She is still happy to see a few plutocrats suffer.

These people cannot escape the blame for Han Guo reaching this stage.

Representative Jin thought for a while and agreed:

"What Wang Lei did was a bit excessive. Don't worry, I will actively negotiate with him and urge him to distribute aid to you as soon as possible."

After hearing Representative Jin's assurance, several people left with satisfaction.

Han Shixian asked puzzledly:

"Mr. President, what authority do we have to supervise White Dragon Capital? This clause is not written in the contract at all."

“Shixian, I just deal with them, you help me draft a speech.

To save our country's economy, we must reorganize the big chaebols and break the situation where companies are "too big to fail." "

Hearing this, Han Shixian couldn't help but feel shocked. Is he finally going to take action against the big chaebol?

"Only by killing the chicken and waiting for me can these old boys obey the king...my words."

Jin Yuzhong didn't know that Representative Jin, who was comforting him just now, turned around and sold him to Wang Lei.

During his speech at the press conference, he mentioned:

“Our cold-blooded enterprises cannot hide from reality and must face up to the problems raised by foreign institutions. We cannot blindly be a coward. The problem of fiscal deficit must be solved immediately...

If the chaebol cannot solve the problem on its own, our officials do not mind exercising the power to force closure! "

The target was pointed directly at the five major chaebols, and he launched the most violent backstabbing against them.

As soon as this announcement came out, not only did the situation in Han Kingdom explode, but the debtors abroad were completely unable to sit still.

Why do they have the confidence to continuously borrow money from modern and other cold country chaebols?

Isn't it because they are chaebols who monopolize core industries and are the economic backbone of Han Country.

What they rely on is that the government will not just watch these chaebols collapse, and it is impossible for them to collapse.

But things are different now. Hanguo officials have the support of the White Dragon Financial Group. After bankruptcy, they can reorganize, but creditors like them will suffer.

The debt in their hands will become a real cabbage price, and it is difficult to say whether there will be a takeover.