The youngest son of the chaebol family, Hu Mou Xianmin

Chapter 284 Dongzhu Xin is desperate

Even if he goes all out and uses the remaining 3 million US dollars on hand to repurchase the shares of those subsidiaries, I am afraid the result will not be satisfactory. Being able to keep the management rights of 4-[-] companies is already in the sky!
Distressed, he couldn't help but ask Mrs. Xin how he should make a choice.

It's just that Mrs. Xin, who is nearly 70 years old, is helpless in the face of such a difficult situation.If they want to survive the immediate crisis, unless they can obtain hundreds of millions of dollars out of thin air, they will be able to survive safely.And this is obviously impossible!
The second child, Xin Dongzhu, looked at his elder brother Xin Dongzhu who was in trouble, and felt an inexplicable pleasure in his heart.Originally, his mother felt that he was overwhelmed by the heavy responsibility, so she specially transferred Dongzhu Xin from the Sun Kingdom to turn the tide.

Dongzhu Xin had vowed at the beginning that with the [-] million US dollars he brought, he could lead the Yuetian Group to the top, but what happened?Still in trouble?

……

Proprietor Xin finally decided to sell all the shares in Yuetian Department Store, Yuetian Products, Yuetian Construction, Yuetian Food, and Yuetian Hotel that had been deprived of management rights!Hope to use this to raise funds and keep the operating rights of other companies!
When this news was announced, the executives of Yuetian Group were dumbfounded.

You must know that in the previous shareholder meetings, they lost the management rights of those companies, but their shares are still there. Even if the companies are controlled by Miracle Group, after these companies develop, they can still get a lot of money. benefit.

But if they sell the shares of those core subsidiaries now, their losses will be too great!

Many executives did not agree with Dongzhu Xin’s proposal. After all, the shares of core subsidiaries are much more important than the shares of ordinary companies!
Seeing that several high-level executives opposed his opinion, Dongzhu Xin said angrily, "Then tell me, where do you get the funds to save the companies that are about to be annexed? The bank has already rejected our loan application!"

"Even if you keep the shares of those companies, how will the end be better?" Dongzhu Xin looked at the short-sighted guys in front of him, and shouted loudly, "After Miracle Group acquired Hanjin Shipping and Hanjin Land Transport, what happened? Didn’t you all forget what you did?”

Dongzhu Xin's scolding quickly silenced those who raised objections.It turned out that after Miracle Group took over Hanjin Shipping and Hanjin Land Transportation, it continuously increased its holdings through multiple additional investments.

However, due to the loss of the two core industries of the Hanjin Group, Hanjin Airlines is still alive and there is no way to spend more funds for additional investment.

In the end, I could only watch helplessly as my shareholding was diluted from more than 20% to less than 10%, completely losing the right to speak in these two companies.

The core subsidiaries they have taken away are likely to encounter the same thing. Perhaps within a few years, they will completely lose their voice in these companies and become completely transparent.

Dongzhu Xin’s plan is to sell them at a high price to obtain more funds while the equity has not been diluted. Only in this way can the remaining companies be protected from being taken away by Miracle Group and other institutions in the same way!

In the end, no one raised any objections, and Dongzhu Xin finally made a decision that they would sell all the shares of the five companies that had been acquired before in a short period of time.

……

The Miracle Group, Daying Group, and other companies that were still snapping up shares suddenly discovered that there were a lot of stocks in the market such as Yuetian Department Store, Yuetian Products, Yuetian Hotel, and Yuetian Food.

The people and institutions who discovered this situation quickly began to buy up.Especially the shares of Yuetian Products, Yuetian Food and Yuetian Construction, many people are quite optimistic about the shares.Because Miracle Group received a large amount of capital injection after the acquisition, and took the lead in resuming production and work.

Yuecheon Construction even contracted a new urban development project in the Bundang area. This large case, worth more than [-] trillion won, made Yuecheon Construction's stock price soar, even surpassing the highest share price before the financial crisis.

Such a white horse stock, if you miss it, you will miss a great opportunity to make money!Ever since, a large number of stockholders and institutions began to buy a lot in the stock market, for fear that they would be too late, and the "baby" would be covered by others!

……

Miracle Group also noticed the abnormal behavior in the stock market. When Rachel reported these things to Wu Shixian, Wu Shixian looked a little solemn. He soon realized that the company that would sell a large number of shares would most likely be Yuetian Group. up.

"I didn't expect that Dongzhu Xin had so many tricks. He even used this method of abandoning his car to protect his commander! It seems that he is determined to keep the management rights of those subsidiaries!" Wu Shixian felt a little emotional in his heart. Dongzhu Xin is really good in terms of his methods and adaptability, and he is a good opponent.

"Let me and the boss report it as well. You go contact the securities company and ask them to arrange for traders to buy as many of the sold Yuetian Company shares as possible!" Wu Shixian did not hesitate and quickly made a decision. , quickly gave instructions to Rachel.

"Okay!" Rachel nodded solemnly.

……

A week later, after sweeping up all the shares on the market, Miracle Group and Daying Group acquired a lot of shares again, increasing their shareholding ratio to about 48%-50%. The extraordinary general meeting of shareholders was held, and the time of the general meeting of shareholders was set on the same day quite maliciously.

When the news reached the headquarters of Yuetian Group, Dongzhu Xin was very angry. Miracle Group and Daying Group were really bullying people too much. It was a shame for the two companies to join forces to deal with Yuetian and Yuetian!
"President Xin, what should we do now? At present, only Yuetian Chemical and Yuetian Qixing Beverage have more than 50% of the shares, and most of the other companies' shares are above 40%. Keep the right to manage the company..." The subordinate said with some embarrassment.

"..." Dongzhu Xin felt very unwilling at the moment, but there was no better way to reverse the disadvantage.Perhaps it was due to the previous series of negative news about Yuetian Group that Yuetian Group could not find a partner to cooperate with.

Xin Gehao and Xin Dongbin offended the Miracle Group too much. Even if he wanted to negotiate peace with the Miracle Group, the other party never gave them a chance.

Although he still had a lot of funds on hand, he couldn't receive any more shares at all. He really couldn't figure out what those small shareholders wanted to do by holding on to the shares and refusing to sell them.
　Chapter 3 will be uploaded later

　　
　
(End of this chapter)