The youngest son of the chaebol family, Hu Mou Xianmin

Chapter 40 Hanjin Shipping changed hands, reactions from all parties

Hanjin Shipping Company Building Conference Room.

More than ten representatives came to the scene one after another, and Wu Shixian walked in with the cadres of Miracle Investment Company.Many bank representatives and shareholders at the meeting got up and greeted Wu Shixian enthusiastically.On the contrary, Zhao Liang, the vice president of the Hanjin Group, seemed to be ignored by the air. Such a strong gap made Zhao Liang's face darken, and he suppressed the anger in his heart before he broke out.

The agenda of the meeting proceeded very quickly, and it didn't take long before it entered the key link of today. According to the proposal of the representative of Miracle Investment Company Wu Shixian, whether to pass the resolution of electing a new board of directors.When the host of the meeting said yes, please raise your hands. Several people present raised their hands without hesitation, and then some minority shareholders also raised their hands after seeing this.

Seeing more and more people raise their hands in agreement, Zhao Liang couldn't hold back anymore, and shouted angrily, "You guys! How dare you do this! How many benefits have you received from Hanjin Shipping Company these years, and now you dare to join forces? Aren't you afraid that we will retaliate after the fact that an outsider seized the shipping company of our Hanjin Group?"

Faced with Zhao Liang's undisguised threats, many people present turned cold, thinking of the power of the Hanjin Group in Bangzi Country, they couldn't help feeling a little scared.Several small shareholders withdrew their raised hands because of fear.

Seeing this, Wu Shixian replied in a cold voice, "Mr. Zhao, pay attention to your words. This is the Hanjin Shipping Company, not your Hanjin Group. What you said just now, I can take it as a threat. If you don't apologize for what you just said, I'm going to have someone contact the police department right now."

"Axiba! It's shameless..." Just when Zhao Liang wanted to continue insulting Wu Shixian, he was stopped by his cronies. After all, the old president of the Hanjin Group is still lying in the hospital. If the vice president If they were called to the police station, then the stock of their Hanjin Group would probably plummet again. The temporary talk caused too much loss, and the gain outweighed the loss!
Angry Zhao Liang didn't mean to apologize, but Minister Jin beside him understood and quickly bowed to everyone to apologize, please forgive me...

Seeing this, Wu Shixian didn't say anything more, and greeted the host, indicating that the voting would continue.

……

The voting results came out soon, Miracle Company, KB Bank, Youli Holdings and other banks and some small shareholders agreed to the proposal of re-election of the board of directors, and their shares reached 53.5%.

Such a result made many bank representatives and small shareholders look happy. They didn't expect that this temporary cooperation would actually take the management right of Hanjin Shipping Company from Hanjin Group.

Facing the threat of the Chiguoguo of the Hanjin Group, Wu Shixian, the president of the Miracle Investment Company, is even more direct. It's too exciting!While everyone was cheering, Zhao Liang slammed the door with the cadres of the Hanjin Group with a livid face.

It never occurred to him that these banks didn't know the benefits of accepting Miracle Investment Company, and they were determined to compete with them for the shipping company. Even though he offered a high remuneration, they failed to impress them, which is really hateful!
After successfully winning the management rights, Wu Shixian struck while the iron was hot and asked the host to elect new board members.The final result was as he and Chen Daojun expected, with many banks and some shareholders becoming new members of the board of directors.Wu Shixian was elected as the new president of the shipping company.

……

The battle for Hanjin Shipping Company ended with the victory of Miracle Investment Company.All the patriarchs of the chaebol who followed this drama were shocked by the result.They didn't expect that the foreign tiger, Miracle Investment Company, actually defeated Hanjin Group, the top-ranked chaebol in Bangzi Country, and took away one of the core industries of Hanjin Group.

Zhu Yirong of Daying Group was quite surprised when he heard the report from his subordinates.He always thought that although this Miracle Investment Company has a Wall Street background, the other party only invests in potential projects and fields. He did not expect that the other party also has ambitions for real companies!
For the failure of the Hanjin Group, he is a bit contemptuous. Except for the chairman Zhao Zhongxun of the Hanjin Zhao family, who is a figure, the son and two daughters are all mediocre, and there is no one who can stand alone!If Zhao Zhongxun hadn't fallen ill suddenly, the Miracle Investment Company wouldn't have won the management right of Hanjin Shipping so smoothly.

"Fortunately, each of my five sons of the Zhu family can be independent! Much better than that Zhao Zhongxun! Hahaha!" President Zhu Yirong thought of his sons with good abilities, and compared them with the three sons of the Zhao family. Laugh out loud!

Zhengxinzhai Chen's family.

Chen Yangji, who was wearing presbyopic glasses, looked at the report brought by Mr. Li 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.

"Hanjin Group has collapsed. I didn't expect Zhao Zhongxun's son to be such a waste, even the shipping company can't keep it! ^... This Miracle Investment Company is an opponent that should not be underestimated!"

Chen Yangji did not expect that Zhao Zhongxun, who used to be domineering and domineering, and Hanjin Group, which was quite powerful in the past, would collapse more than half of them so quickly. The other party's strategy of attacking Hanjin Airlines first pretended to attack Hanjin Airlines, and tossed Hanjin Group into a mess. , and then took advantage of its unpreparedness to attack Hanjin Shipping Company.It even connected several banks in series to obtain their voting rights. This set of operations can be called smooth and smooth, quite brilliant!
"Dad, should we help Hanjin Group? After all, they are also a big chaebol. Even if they lose the shipping company, the loss is not small, but they should be able to recover soon." Chen Yongji suggested from the side. As he watched In the future, the chaebols will help each other and form an alliance to jointly resist risks, so that nuclear security can be more stable.

"Brother, are you stupid? The three major subsidiaries of the Hanjin Group that they are proud of have gone to the second, and the land transportation company is left alone. It's not bad if it doesn't collapse. I heard that they have also applied for a big deal with KB Bank. The loan is used to stabilize the airline company. Can you repay the loan and repay it!" Chen Dongji was quite disgusted with the proposal of his elder brother Chen Yongji, and retorted.

Looking at the two sons who were gradually quarreling, Chen Yangji said angrily, "Do you need to argue about this kind of thing? I'm afraid it will be difficult for the Hanjin Group to recover from this turmoil. It's better to help them Go ahead and make friends with Miracle Investment Company."

Chen Yangji said with a serious expression, "Look carefully at the report Mr. Li brought from the secretariat. This miracle investment company is so rich in funds. They recently acquired not only a large number of shares in Hanjin Shipping, but also Amore Pacific The shares of its cosmetics company! The two-front battle was actually successful!"

"...How is this possible? How do they have so much cash?" Seeing the report thrown over by Chen Yangji, the two brothers Chen Yongji and Chen Dongji were completely dumbfounded.You must know that it is now a common practice for chaebols and large and small companies in Bangzi countries to mortgage part of their stocks through banks in exchange for large amounts of cash for business expansion, which has also led to high corporate debt.

This miraculous company was able to use so much cash to acquire the stocks of the two companies in one go. According to preliminary calculations based on the shares acquired, the funds used may have exceeded 12 billion U.S. dollars (about 1.4 trillion won)!
With such a terrifying and astonishing cash flow, even those big banks couldn't afford so much in a short time!Which bigwig on Wall Street is behind this Miracle Investment Company?It's so arrogant!

"Yongji, visit President Wu Shixian when you have time. By the way, find out what the other party's plans are. If it is not necessary, don't have a direct confrontation with such an opponent." Chen Yangji told his eldest son.

"I see, Dad." Chen Yongji nodded.

……

(End of this chapter)