Reborn since 1993

Chapter 822 Drawing Circles
"what?"

Zha Lun looked at Gao Peng in a daze. He was unable to react for a moment. He suspected that he was hallucinating. He didn't even suspect that someone wanted to buy all the shops on this entire street!

What is the current situation in Siam? The entire Siam has actually gone bankrupt. The entire country, from the rich to the common people, even the Siamese royal family and the Siamese dignitaries, have suffered heavy losses.

All of Siam's foreign exchange was lost, and the Thai baht depreciated by more than 90%. This was the official exchange rate of Siam. In reality, the Thai baht was much worse and almost became waste paper.

Now on the black market, the exchange rate between the Thai baht and the US dollar has reached an exaggerated level, and there is a price but no demand. In other words, you cannot exchange Thai baht for US dollars. No one is willing to exchange US dollars for Thai baht. After all, what is the point of exchanging them?

If you exchange Thai baht today, the exchange rate against the US dollar will plummet by 30% tomorrow. Who can bear this?

The spirit and vitality of the entire Siam were shattered this time. Before Soros came, Siam was still ambitious and wanted to seize the position of the global financial center from Hong Kong to Siam. This is why Siam relaxed its supervision on overseas investment banks.

After this incident, the backbone of the Siamese people was almost broken. It is hard to say whether they can get up again in the future. The financial center has not been built, and the foreign trade and overseas OEM industries have been destroyed.

Even the Siamese people themselves felt despair. A country filled with despair made the Siamese lose hope for the future. So the Siamese were desperately selling off their stocks, properties, shops, etc., which showed that they were not optimistic about the future of Siam.

In this situation, the collapse of Siam was no longer a simple economic problem, but a result of people's scattered hearts. It is easy to build high-rise buildings, but it is not necessarily possible to rebuild them when people's hearts are scattered.

Following behind Gao Peng was Lati, the general manager of the newly formed Dongling Hi-Tech Siam Company, whose Chinese name is Lin Yucheng.

Tanglin Hi-Tech's return to the Southeast Asian market this time is to take root there, so it reorganized Tanglin Hi-Tech in Siam and will localize it in Siam. Only in this way can Tanglin Hi-Tech take root in Siam.

Seeing Charun looking dumbfounded, Lin Yucheng thought that Charun didn't hear clearly, so he repeated Gao Peng's words to Charun in Thai.

This time, Zhalun finally reacted. His Chinese was already stuttering, and because of excitement, it became even more stuttering, so Gao Peng could hardly understand him, so he had to ask Lin Yucheng to translate.

"Do you really want to buy all the shops on this street?" Chalun asked Gao Peng again, "I need to inform you in advance that Siam does not accept Thai baht transactions now, only US dollars!"

The Thai baht may appreciate in the future, but not now. Now the Siamese themselves don’t want the Thai baht which is like waste paper. Only the US dollar is the hard currency in Southeast Asia now.

“It’s a US dollar transaction!”

"One price, three and a half million dollars. We want all the shops on this street. You can call your boss now. He only has ten minutes to consider!"

Gao Peng glanced at his watch and said to Zha Lun. Upon hearing this, the latter ran to the side without saying a word, took out his PHS cell phone and called his boss.

In Bangkok now, Xiaolingtong is the most mainstream mobile phone brand. Because the call charges are cheap and it is very suitable for Siam’s income situation, Xiaolingtong is naturally popular.

Gao Peng had no worries. If the owner of the real estate company in Chalun was not willing to sell, he would just find another one. Now even the Siamese royal family was selling off various properties, not to mention other people.

Three and a half million US dollars is not cheap, but the shops on this commercial street would have cost ten times as much last year and it would not have been possible to buy the entire street.

After the logistics department of Dongling Hi-Tech bought it, they have no intention of selling it, so they don’t care about the temporary gains and losses. Even if the price of the shops does not rise within one or two years, but with the extension of time, Siam will always be able to survive this crisis, and the shops, real estate market, and land prices will surely rise!
“We must also buy this logistics park near the port!”

Holding a map of Bangkok, Gao Peng drew circles on it with a pen. Each circle he drew represented the purchase of land or buildings on the map. It was domineering, simple, rough and direct!
Lin Yucheng looked at the red circles and his cheeks twitched violently. Even though Gao Peng was his immediate superior, he wanted to ask, is Dongling Hi-Tech going to buy the entire Siam?

From shops to industrial park land, and from shopping malls to logistics parks, fleets, and security company licenses, Gao Peng was almost shopping like a shopping spree. And not only in Bangkok, but also in several other major cities in Siam, Gao Peng also asked Lin Yucheng to purchase goods.

Lin Yucheng feels that if these acquisitions are completed, Dongling Hi-Tech Siam Company will become a giant company in Siam!

Seeing the confusion on Lin Yucheng's face, Gao Peng did not explain too much, but just said to him, "I came here this time just to act as a pioneer. Other companies of Dongling Hi-Tech will enter Siam later!"

Gao Peng definitely didn't buy all these industries just for the logistics department. This shopping spree may have cost him hundreds of millions of dollars, which is definitely a huge amount of money in Siam today.

But Dongling Hi-Tech can use all of the properties it bought. For example, in addition to being able to serve as Shenzhou Electronics retail stores and after-sales repair centers, the shops can also be used as Lingyun chain Internet cafes, Lingyun chain printing stores, Focus Media offline experience stores, etc.

With the initial investment from Dongling Hi-Tech, companies like Shenzhou and Lingyun will no longer need to bear store expenses in the later stages. This will give them sufficient price advantages when competing with other brands!
If Oriental Express Company develops the international market and enters Siam in the future, it will also need a large logistics park and fleet, which can be used. There are also Wanjia Electric City, Oriental Times Shopping Mall, etc., which can all use the shops and shopping malls bought from Siam!
It is estimated that it won’t be long before you can see stores with the Shenzhou Electronics brand on the streets of Bangkok, as well as Lingyun’s Internet cafes and printing stores, and a number of experience stores such as Beibeijia on the Focus Media platform.

"I will be leaving for Malaysia the day after tomorrow. You will be in charge of the acquisition of Siam. Don't let Dongling Hi-Tech down!"

Gao Peng told Lin Yucheng that during this period of time, he would act like a frequent flyer, flying all over Southeast Asia and shopping all the time.

After buying Siam, Gao Peng went to Malaysia. Malaysia was similar to Siam. The exchange rate fell by 50% in seven days, which had completely devastated the local area.

Of course, this is good news for those who are preparing to reap the benefits. The worse the decline in Malaysia and other places, the sharper the knife for reaping the benefits will be!
"I will never let the headquarters down, nor will I let Manager Gao down!"

Lin Yucheng said with great insight that he was a man promoted by Gao Peng, and Gao Peng would definitely be his backer in Dongling Hi-Tech in the future.

After finishing the call, Zhalun hurried back, as if he was afraid that Gao Peng would go back on his word.

"Our boss agreed to sell these shops, but the transaction must be in cash in US dollars!" said Chalun.

"make a deal!"

……

While the turmoil in Southeast Asia was raging and people in China were in panic, Dongling Hi-Tech and its subsidiaries were attacking on all fronts and were quite active in Southeast Asia, constantly conducting large transactions.

Meanwhile, within South Korea's shaky Hyundai Group, a dispute arose over a sudden deal.

Art comes from life, but is higher than reality. This is not an exaggeration at all when applied to Korean chaebols. As bloody as Korean dramas are, the Korean chaebol families are just as bloody.

The whole of South Korea is in a panic now. All major chaebols are desperately laying off employees and begging for survival, and Hyundai Group is no exception.

However, compared with the collapsed chaebols such as Daewoo and Kia, Hyundai can still hold on for a while.

"A small company from the mainland actually wants to take advantage of Hyundai's misfortune?"

The family of the founder of Hyundai Group is currently experiencing a dispute. Hyundai Group is entirely a family business, and the entire Korean chaebol is basically family-owned. The core executives are basically members of the founder's family.

The person who spoke just now is Chung Mong-hyun, the fifth son of Chung Ju-yung, the founder of Hyundai Group. He is in charge of Hyundai Electronics Industry, and the panel business is also his territory.

When he heard that Oriental Optoelectronics was going to acquire Hyundai's LCD panel business, he was naturally dissatisfied because it would weaken Zheng Mengxian's strength.

"Hyundai's panel business has been losing money. LCD panels all over the world are not making money now. Selling them and getting some cash back is not a bad idea for Hyundai!"

Since Chung Mong-hsien opposed it, naturally someone from the old Chung family sang a different tune. The person who spoke was Chung Ju-yung's second son, Chung Mong-gu, who currently works for Hyundai Motor.

The internal fighting among wealthy families has always been unruly. They will stab the opponent where it hurts, even more ruthlessly than they do to their opponents.

Because opponents can sometimes negotiate and cooperate, but this kind of internal fighting for the head of the family is comparable to the battle for the throne of the Nine Dragons. Once the other party becomes the head, it is estimated that one's own faction will be kicked out, and it is even hard to say whether one can save one's life.

Countless members of the Korean chaebols jumped off buildings after failing in their internal struggles. Some of them did so out of despair, while as for others, only God knows how they fell.

Zheng Mengxian opposed the sale of Hyundai's panel business, but Zheng Mengjiu supported it. After the sale, some funds could be recovered and Hyundai's life would be better, especially the Hyundai automobile business where Zheng Mengjiu was.

On the one hand, it can weaken Zheng Mengxian's strength, and on the other hand, he can get cash. It is a two-birds-with-one-stone strategy, so Zheng Mengjiu is certainly willing to do it.

Ever since Hyundai founder Chung Ju-yung retired, the family of Hyundai Group's founder has been caught in a situation of two dragons competing for the throne, mainly the competition between Chung Mong-koo and Chung Mong-hyun. However, in recent years, Chung Ju-yung has been reluctant to express his support for anyone, which has gradually divided the Hyundai Group into three factions.

(End of this chapter)