Technology company, I will become the light of China!

Chapter 570 Global Economic Consensus, Chen Xing takes over Hanxing Group!

As Chen Xing and the country mentioned the low-altitude economy many times, after-hours trading of related concept stocks continued to rise.

For example, Xinjiang Technology, Jiujiang Intelligent Control, and Shanhe Electronics, all of them were pulled up by an extremely high rate of 10% after the market closed.

After nearly a year of drastic reforms, the Dragon Country's stock market is no longer just about buying high and hedging with futures.

Things like pre-market trading and after-market trading have gradually been realized.

Perhaps many people do not understand what pre-market trading and after-market trading are. Simply put, these two transactions allow some hot stocks to be freed from the constraints of trading hours.

Nowadays, the Longguo stock market currently starts the call auction at 9:10, officially starts trading at 9:30, and closes at 4 pm. All in all, the stock trading time in a day is less than 7 hours.

7 hours is already a very long time for retail investors.

But for institutions, hot money and professional players, 7 hours is too short, and the time limit will exacerbate the impact of emergencies.

For example, when the Nord Stream pipeline was exploded, US stocks related to it began to fall as soon as the news was reported. As time passed and the market digested the news, the stock value would slowly return to a reasonable range.

But what about the A shares back then?

If you encounter an emergency and it is not during the trading hours, you cannot sell even if you want to and can only wait.

This is why every retail investor panics at night.

Every retail investor is afraid that he will run too slowly and get trapped at the highest point, so he places a stop-loss order in the early hours of the morning and tries to escape.

To a certain extent, setting trading hours will increase retail investors' panic about sudden events and cause them to consume themselves.

In order to alleviate the panic of retail investors over sudden events and maintain the stability of the financial market, Xiao Gang, the village chief of the China Securities Regulatory Commission, also opened pre-market and after-hours trading for the Longguo stock market, but only for 500 popular stocks representing the broader market.

Since the introduction of pre-market and after-market trading, it can be said that the Longguo stock market can be traded 24 hours a day.

Even if a black swan event occurs, the market and retail investors can respond immediately to avoid panic selling.

Foreign funds have also noticed the gradual improvement of the Dragon Country's stock market.

According to data disclosed by northbound funds, in the past 12 hours, a total of 6.4 trillion Longguo yuan flowed into the Jinlong Technology Index, of which 1.7 trillion entered Longxing Group stocks.

In contrast, in the U.S. stock market, after pre-market trading opened, Apple, Google, Microsoft, Amazon and Tesla all fell, and a large amount of funds were being withdrawn from the United States.

Anyone who has studied finance knows that trading is actually a process of finding consensus.

Are stocks valuable?
Is virtual currency valuable?
Is gold even valuable?
They are essentially worthless.

why would you say so?

In the past, shells could be used as currency to buy cattle and sheep. Now, what about using shells to buy cattle and sheep?
Another example is antique collectibles. A small honeycomb silver ingot can be sold for hundreds of thousands, and a copper coin from a hundred years ago can be sold for millions, or even tens of millions.

For example, a pair of sneakers that cannot be more ordinary can be sold for hundreds of thousands of yuan. Is there really some kind of cultural heritage here?
actually not.

Whether it is stocks, virtual currency, antique calligraphy and paintings, or gold sneakers, their value is based on consensus.

To put it simply, when a person or an object is recognized by the vast majority of people, it will deviate from its original value, and this is a transaction.

This is also why investment can only follow the trend.

The shift in international financial consensus also means that the world order is heading towards destruction. As for the birth of a new order, it will often be established by countries recognized by the world.

At this moment, the United States and even European countries are feeling terrified that the superpower from the East is continuously withdrawing world funds.

A meeting is being held in Washington, USA.

Meeting in Berlin, Germany.

A meeting is taking place in Paris, France.

The Western world suddenly realized at this moment that the Dragon Country was not only shaking up the U.S. dollar, but also the Euro!
At the beginning, the EU countries all took a wait-and-see attitude, because they established the EU in order to break the US currency monopoly.

However, the birth of the euro still failed to break the hegemony of the US dollar.

This time, when the Dragon currency challenges the U.S. dollar, most EU countries think it is impossible to succeed, because two years ago, Dragon did not even have high-precision machine tools, let alone lithography machines. It was completely a low-end industrial country.

Can a low-end industrial country compare with a financially powerful country?

Totally impossible!
But now?

The Dragon Country has become the world's largest exporter of chips, the largest exporter of electricity, and the largest exporter of mobile phones, drones and electric vehicles.

In just three years, a low-end industrial country has become a high-end industrial country, and has transformed from an industrial country to a financial power. Who would have dared to imagine such a speed?
It is too late to stop it now, because international funds have reached a consensus that it is only a matter of time before Dragon Country achieves its great rejuvenation.

……

During the period of capital market reshuffle and consensus building, Lee Jae-yong has completed basic physical examinations and submitted his nationality application.

Since Wang Shan had already made the arrangements, his application was approved in less than half an hour. However, he still needed to record a swearing-in video to get the Longguo green card.

Why do we need a swearing-in video?

It can prove that naturalization is voluntary and not forced.

This process exists not only in China but all over the world, because it can avoid disputes.

Lee Jae-yong looked at the camera in front of him, then looked at the teleprompter behind the camera and spoke the oath in a clear and loud voice.

After the recording was completed, the staff immediately handed over the green card and congratulated him, "Mr. Lee Jae-yong, congratulations on becoming a permanent legal resident of our Dragon Country. Let's work together to build the country in the future."

"sure."

Lee Jae-yong responded with a smile on his face.

He didn’t know whether it would be built or not, he only knew that by becoming a citizen of the Dragon Country, his personal safety would be greatly guaranteed.

After a few more pleasantries, Lee Jae-yong also left the Immigration Bureau.

Twenty minutes later.

He returned to the Imperial Hotel.

Chen Xing, Li Zhenzhen and Zhao Siqiu were sitting in the cafe on the first floor drinking coffee, waiting for Li Jae-yong to come back.

As soon as Li Zairong walked to the entrance of the Capital Hotel, the hotel manager Zhang Wang recognized him at a glance and quickly said, "Mr. Li, you are back. Please follow me. Mr. Chen and others are waiting for you in the cafe."

"Lead the way."

Li Jae-yong said in a deep voice.

This time, not only did he return to the Imperial Capital Hotel, he was also accompanied by a tall woman with extraordinary temperament. The woman was holding a briefcase and had extremely sharp eyes.

Zhang Wang led Li Jae-yong and the other man into the coffee area. Before they got close, Li Zhenzhen spotted the three of them.

When she saw the woman next to Li Zaiyong, she immediately frowned and said, "Jin Yanya."

"Who is Jin Yanya?" Zhao Siqiu followed her gaze and immediately locked onto the tall woman walking side by side with Li Jae-yong.

Because Chen Xing had his back to the opponent, he did not choose to look back, but picked up the coffee and took a sip.

He also knew something about Jin Yanya, a woman who looked like a secretary but was actually a third party.

In the past, the media had captured a video of Lee Jae-yong, his wife, and two strange beauties vacationing in Hawaii.

The one man and three women not only behaved intimately, but also talked and laughed with each other.

Later, Korean media revealed that one of the three women was Lee Jae-yong's secretary Kim Yeon-ya, who was Lee Jae-yong's childhood sweetheart.

The relationship between them is complicated, but it is not that complicated. To put it simply, his current wife was married through a family marriage, and he does not like her in his heart. If he chooses to divorce, he will lose some resources, so Lee Jae-yong and Kim Yeon-ya can only have an underground relationship.

However, since he took power in the Korean Star Group, he gradually developed the underground relationship into an open one. Lee Jae-yong's current wife was also very sensible. Since things had developed to this point, for the sake of her own status and wealth, she had no choice but to join in.

Li Zhenzhen retracted her gaze, looked at Zhao Siqiu and said, "A disgusting woman."

"Boss Chen." As soon as Li Zhenzhen finished speaking, Zhang Wang raised his voice and reminded Chen Xing, "Boss Li and his team are here."

"Sorry for the long wait, Mr. Chen."

Li Jae-yong's expression changed quickly, and his cold cheeks were instantly filled with a smile.

Chen Xing glanced sideways, stood up and said: "How is it? Did you get the Longguo green card?" "With Mr. Chen's help, you must have got it." Li Jae-yong said with a smile.

"correct."

He stepped aside and introduced, "This is my secretary, Jin Yanya. She just flew from the Peninsula to Dragon Country. Shall we talk somewhere else?"

Although there are not many people around, the cafe is a public area after all, so it is better to discuss things and sign contracts in a private space.

Hearing this, Chen Xing did not refuse and nodded, saying, "Then let's go back to the box and chat, and by the way, welcome Secretary Jin."

"Thank you, Mr. Chen."

Jin Yanya thanked him.

Her voice is very soft and her expression is kind of seductive. If a 17 or 18-year-old boy meets her, he would probably be able to take out a loan of hundreds of thousands of dollars for her.

But for Chen Xing, he had seen many beautiful women, and those silky eyes did not cause any ripples in his mind.

When Lee Jae-yong saw Kim Yeon-ya's seductive look, although he was very unhappy, he had to suppress it for the sake of cooperation.

Li Zhenzhen on the side was used to it. She knew very well that Jin Yanya did not like Lee Jae-yong, but among all the people she had contact with, Lee Jae-yong was the richest and most powerful.

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Once she finds a better tree, she will abandon Lee Jae-yong without hesitation.

Doesn't Lee Jae-yong know this?

In fact, he knew it too.

But with the buff of Bai Yueguang and the bonus of his childhood sweetheart, even though he knew Jin Yanya would abandon him at any time, he was willing to be the "donkey". After all, at least he had her.

……

When everyone returned to the Supreme Box, Zhang Wang immediately arranged for the chef to stir-fry more than a dozen dishes and serve them on the table as quickly as possible.

Twenty minutes later.

Everyone in the box ate and drank their fill.

"It's almost time to eat. Talking too late will disturb your rest, Mr. Chen. Secretary Jin, please take out the documents." Li Jae-yong wiped his mouth and said.

"Ok."

Jin Yanya picked up the briefcase.

She put her briefcase on the table, then stood up, unzipped it, took out a copy of the Equity Agreement and said:

"This is a concerted action agreement signed by the group, which ensures that the Lee family has absolute control over the Hanxing Group."

Chen Xing took the agreement document and looked at it, and suddenly everything became clear to him.

No wonder the Lee family can control Hanxing Group with a single-digit stake. It turns out that other shareholders have signed this agreement.

This agreement is like a "Shareholder Action Agreement", where several shareholders voluntarily give up their decision-making power and hand over the rights to others, and they just sit back and wait to share the money.

Seeing Chen Xing's expression, Li Jae-yong also explained: "When the shares were sold in exchange for international funds in 1997, my father kept this as a backup. It is also because of this agreement that Hanxing Group has always been controlled by my Li family."

"This is the basis for you to bypass the board of directors and directly transfer Hanxing Group, right?" Chen Xing asked after putting down the document.

"Yes."

Li Zaiyong nodded and continued, "Because they have given up their decision-making rights, even if my Li family only has 1% of the shares, we can still make the final decision on anything."

At the beginning, Chen Xing was confused when Lee Jae-yong wanted to transfer and sell Hanxing Group, because major personnel changes must be approved by the board of directors.

Take Toyota Group for example. If Longxing Group did not hold more than 51% of the shares, it would have no right to dissolve the old board of directors.

But it is different for the Li family with this agreement. If other shareholders give up their rights, the Li family will have 100% control and they can make the final decision on anything, including selling the group.

Of course.

Wall Street estimates...

Do not!
Not only Wall Street, but even the top leaders of the Peninsula would never have thought that Lee Jae-yong would actually think about selling the Hanxing Group. You know, this is a family business.

If you sell all the family businesses, wouldn’t your ancestors be furious?
Therefore, in everyone's opinion, Lee Jae-yong will definitely not sell the Hanxing Group unless it is absolutely necessary or the capital chain is broken.

After understanding the truth about Hanxing Group's holdings, Chen Xing glanced at Li Zhenzhen and said, "Then sign the contract."

"Your lawyer is..." Li Jae-yong glanced at Chen Xing, Li Zhenzhen and Zhao Siqiu, and said uncertainly.

"I don't need a lawyer now." Chen Xing took out his Dragon Star Extraordinary Master and said with a calm smile: "Ai can accurately identify the possible risks in the contract."

Li Jae-yong stared at the machine in Chen Xing's hand and said helplessly, "Technology is indeed the primary productive force. The world is changing too fast. I can't keep up."

"You're being modest, but there's also an old saying that goes, you never stop learning. If you can't keep up with the times, then try not to fall too far behind."

Chen Xing laughed.

"Too."

Li Jae-yong nodded.

After a few casual words, Kim Yeon-ya's secretary and lawyer was responsible for recording the key points of the contract, while Chen Xing and Li Jae-yong finalized the details.

About half an hour later.

A handwritten preliminary contract was produced.

"Nothing else to add, right?" Jin Yanya looked at Chen Xing and Li Jae-yong.

"No."

"Okay."

After getting the confirmation from the two, Jin Yanya picked up the handwritten contract and said, "Then I will briefly describe it. If you two think it's okay, we will officially print the contract and sign it."

"Row."

"can."

After getting the two people's response, Jin Yanya said: "1. Longxing Group needs to pay at least 300 billion Longguo currency to Li Jae-yong every year within four years as the acquisition fee of Hanxing Group's equity. If it fails to pay on time, Li Jae-yong has the right to charge a penalty of 1% of the total amount every year."

"2. Longxing Group must ensure the market position of Hanxing Group's brand and operate normally. If there are any malicious behaviors, such as large-scale layoffs, large-scale production cuts, or profits without profits, Lee Jae-yong can buy back Hanxing Group at 500 billion Longguo yuan."

"3. Lee Jae-yong needs to guarantee that the actual control of the group is transferred to Longxing Group. If this cannot be achieved, Longxing Group does not have to pay any fees..."

……

After reading out the contract clauses one by one, Li Jae-yong and Chen Xing both felt that there was no problem. After all, the two of them spent half an hour negotiating.

After Jin Yanya confirmed that there was no problem, she took the handwritten contract back to the car and started printing it using her own printer.

after finishing.

She immediately destroyed all traces.

Then she returned to the Supreme Box.

Before signing the contract, Chen Xing used AI technology to scan it and did not find any loopholes in the contract.

He was not worried about leaks, as Longxing Group's security system was not something that ordinary hackers could break into.

Chen Xing and Li Jae-yong signed quickly and pressed their handprints and official seals.

The contract was made in four copies, with each party retaining one copy and the other two copies being notarized by an agency hired by Chen Xing and Li Jae-yong.

After checking the contract, Chen Xing smiled, looked at Li Zaiyong, and took the initiative to extend his hand and said, "It's a pleasure to cooperate with you, Mr. Li."

"Pleasant to work with."

Li Jae-yong quickly stretched out his hand in response.

(End of this chapter)

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