Wolf of Xiangjiang

Chapter 351 Trip to Korea

Lin Zhengjie took a private plane to Seoul, South Korea.

Hong Kong and South Korea are in a state of competition in the cultural and entertainment industry, which is mainly reflected in the fact that South Korea's "cultural industry" likes to copy Hong Kong. From "Hong Kong culture" to "game industry" to "comics industry", South Korea has been plagiarizing in recent years.

Of course, no matter how much South Korea plagiarizes, it is still far from the success achieved by Hong Kong's cultural industry.

Currently, "Hong Kong culture" is popular in Asia. From "HK-POP" to "Hong Kong dramas" and then to "Hong Kong variety shows", they have already gained huge influence in Greater China, Japan, South Korea, and Southeast Asia.

After all, South Korea is already "a generation late in development", and the same is true for South Korea's gaming and comics industries. Their overseas markets have been completely taken over by Hong Kong, and even their homeland has been attacked.

Generally speaking, South Korea's cultural development has been restricted by Hong Kong, and even the "Hong Kong wave" is popular in the local area.

At the Peninsula Hotel in Seoul, Lin Zhengjie met with Chen Wenjin, Liang Botao, Li Huiling and others to discuss the progress of the acquisition of "Korea First Bank".

Korea First Bank is actually the eighth largest bank in South Korea, it just has the word "First" in its name.

Ever since Citibank acquired Korea America Bank, HSBC and Standard Chartered have both wanted to enter the Korean banking industry, so the competitors of Hengfeng Bank in this acquisition of Korea First Bank are HSBC and Standard Chartered.

Although Hengfeng Bank has the lowest asset value, it is the most confident.

In the conference room.

Chen Wenjin reported: "At present, our Hengfeng Bank has basically won the bid. Newbridge Group is very satisfied with the price of US$35 billion. It is said that Standard Chartered is only willing to pay US$33 billion and HSBC is only willing to pay US$32.5 billion."

Everyone would be full of doubts about this price if it was not decided by the boss himself.

Lin Zhengjie immediately said: "If we don't raise the price by 200 million US dollars, we will be at a disadvantage in terms of external factors, and it will not be possible to complete the acquisition as quickly as possible."

Chen Wenjin nodded and said, "We have already reached an agreement with Newbridge Group. Once the corresponding agreement is reached, Newbridge Group will take immediate action - requiring other shareholders of Korea First Bank, including the Ministry of Finance and Economy of Korea and the Korea Deposit Insurance Corporation, to agree to the acquisition agreement and sell all the shares of Korea First Bank to Hengfeng Bank. The acquisition must be completed within 150 days, otherwise the agreement will be terminated."

Newbridge Group only holds a 49% stake in Korea First Bank, while the remaining 51% is held by other shareholders including the Ministry of Finance and Economy and the Korea Deposit Insurance Corporation.

If Hengfeng Bank wants to acquire Korea First Bank, it must be a wholly-owned subsidiary, so the Newbridge Group, which facilitates this transaction, must take full responsibility and convince all shareholders to sell.

This is equivalent to saying that Hengfeng Bank does not need to pay attention to external factors, as everything will be handled by the American consortium. After all, the United States is the master and South Korea is the dog.

Lin Zhengjie looked at the relevant agreement and read it item by item. After all, the acquisition worth up to HK$280 billion was equivalent to 20% of Hengfeng Bank's assets.

In order to complete this acquisition, Hengfeng Bank issued new shares and bonds for financing, showing its determination to win.

"No problem. Once the acquisition is completed, we will have plenty of ways to earn more money in the Korean market."

All his subordinates knew that this boss was very good at cyclical investment, selling high and buying low.

Yes, Lin Zhengjie did think that whether it was real estate, securities, or certain assets, if he invested this year or next year and sold them in the second half of 07, he could make a lot of profit. After all, the global economy has developed greatly in recent years; more importantly, in 08, the global financial crisis hit, and assets were % cheap.

The next day, Lin Zhengjie met with Hyundai Group Chairman Hyun Jeong-eun again, and the two sides held friendly consultations.

In early 2002, Hyundai Merchant Marine was undergoing debt restructuring and actively selling its assets. At that time, the group owned shares in five Korean ports, including two container terminals in Busan Port, one container terminal in Gwangyang Port and two other terminals. In the end, the first three ports were acquired by Wheelock Group.

After the Asian financial crisis, Lin Zhengjie met Chung Mong-hun of Hyundai Group. However, Chung Mong-hun committed suicide in 2003. At that time, Lin Zhengjie came to South Korea to pay condolences as a friend.

Therefore, Lin Zhengjie has a very good relationship with the Hyundai Group. The Hyundai Group does not include the 'Hyundai Kia Automotive Group' and 'Hyundai Heavy Industries', which are two important groups separated from the Zheng family.

As the widow of Chung Mong-hun, Hyun Jung-eun continues to maintain contact with Lim Jung-jae. Lin Zhengjie came to South Korea this time mainly to invest in her.

"To be honest with you, Mr. Lin, Hyundai Elevator is currently facing a hostile takeover by my 'uncle'. He already holds 22% of the shares, which is close to what I hold. So I decided to issue new shares to dilute his shares," Hyun Jung-eun said sincerely.

Thinking back to the beginning, her husband and this friend got along very well. Now that Lin Zhengjie's family is interested in investing in South Korea, she thought of this channel.

"My investment bank, Henderson Investment Development, can subscribe to new shares of Hyundai Elevator. After all, I believe in your ability, and I admire your work style - gentle on the outside but strong on the inside. I believe that Hyundai Group will develop quickly under your leadership. Including Hyundai Merchant Marine, they are all companies I am optimistic about."

South Korea's chaebols actually don't hold much equity in their holding companies, which is the price they paid for their crazy expansion. Hyun Jung-eun controls Hyundai Elevator and Hyundai Department Store, and her shareholding is not high, especially in Hyundai Merchant Marine.

Hyun Jeong-eun took control of the Hyundai Group by controlling Hyundai Elevator and Hyundai Merchant Marine, two of the group's most important companies (Hyundai Motor and Hyundai Heavy Industries have been spun off and are not included in the Hyundai Group).

"Thank you. When my late husband was alive, he always praised Mr. Lin. Mr. Lin's achievements in the business field are my role models."

Everyone was very polite. The subscription to Hyundai Elevator was considered a small investment, at least for Lin Zhengjie's family.

However, for the sake of their friendship, Lin Zhengjie still talked to Hyun Jung-eun in person.

As for investing in Hyundai Elevator, this business is definitely a good deal. Lin Zhengjie knows that Hyun Jung-eun is also a strong woman. She led the Hyundai Group to more than triple its assets in the future. She is obviously very impressive.

After the two sides agreed on the matter of acquiring shares in Hyundai Elevator, Hyun Jung-eun invited Lim Jung-jae to a private banquet, and Lim Jung-jae readily attended. In fact, he also wanted to get involved in Hyundai Merchant Marine.

A private banquet on the day.

"Uncle Lin"

"Zhi Yi, you've become more beautiful again!"

Hyun Jung-eun's eldest daughter, Jung Ji-yi, is 22 years old this year and has grown into a beautiful young lady. It's a pity that Lin Zhengjie doesn't have a suitable son, otherwise he would have tried to match them up.

Of course, the Lin family does not need a "marriage alliance" at all. Lin Zhengjie does not need such a marriage and does not like to interfere with his son's emotional life. After all, he is like this himself.

"Thank you Uncle Lin, you have always been young!"

Hyun Jung-eun blamed her daughter and gave her a look that meant she was disrespectful.

She was very grateful that Lin Zhengjie came to help her this time. Of course, she always remembered Lin Zhengjie's personal visit to Korea to pay his respects.

"It's okay, today is a private party."

Although it was a private banquet, it was also held in a hotel, and Lin Zhengjie only brought his assistant and bodyguards.

During the dinner, Lin Zhengjie said, "Sister-in-law, I think it will be no problem for you to defeat your uncle this time. Issue Hyundai Elevator shares to dilute his shares. At the same time, he did not announce when his shares exceeded 5%, which obviously did not comply with securities regulations. You only need to sue the court and he will definitely be able to sell his shares."

Xuan Zhenen nodded and said, "Mr. Lin is right, but unfortunately I have too few shares in my hands, so they are eyeing it covetously. Today I remember Mr. Lin said that he could also invest in Hyundai Merchant Marine, I welcome it very much, but if Hyundai Merchant Marine issues new shares, it must have the consent of many shareholders, which is not easy. Unless, unless Mr. Lin is willing to purchase from the market!"

Lin Zhengjie said frankly, "Yes, we are acquiring Korea First Bank. If the acquisition is successful, we will acquire the equity of Hyundai Department Store." Xuan Zhenen was overjoyed and immediately said, "That's great. With Mr. Lin's help, I will be more stable in Hyundai Group."

She still trusts Lin Zhengjie. After all, she thinks that Lin Zhengjie is a gentleman since he was able to pay his respects to her late husband. Of course, Lin Zhengjie cannot acquire Hyundai Elevator and Hyundai Merchant Marine. After all, he is not Korean. If he maliciously acquires such enterprises, he will be boycotted by many people.

Moreover, Lin Zhengjie's investment in shares will not exceed 10%, it is just a strategic investment.

The two sides had a very pleasant conversation, and Lin Zhengjie also took the opportunity to make a small investment in South Korea.

Hyun Jung-eun then asked, "Mr. Lin, do you have any important plans during your stay in Korea? If you are willing to visit Seoul, my daughter Zhiyi can be your guide."

Zheng Zhiyi immediately said, "Yes, Uncle Lin, maybe you are always in a hurry every time you come to Korea, and you haven't really explored Seoul. I can be your guide."

Lin Zhengjie generally does not have a fixed schedule, except for meeting with certain politicians and businessmen. However, he now basically leaves many official activities to his subordinates, and he is more mobile and participates when he wants.

Seeing that Hyun Jung-eun and Jung Ji-yi were very sincere, Lin Zhengjie readily agreed.

After the party, we returned home.

Hyun Jung-eun called Zheng Zhiyi to the study and said, "Zhiyi, you must accompany Mr. Lin tomorrow. He is very important for us to defend Hyundai Group. More importantly, he is a good friend of your father and a trustworthy person. You also know that in addition to your great-uncle coveting Hyundai Group, your uncles also covet Hyundai Group, so if we want to defend it, we must have an external aid."

Zheng Zhiyi has graduated from university this year, and Hyun Zhenen also regards her as her "successor" to be trained.

"But mother, why is Mr. Lin so kind to help us? Is it just because he is a friend of father?"

Hyun Jung-eun was very happy to hear her daughter ask this.

"Of course not. He values ​​the Korean market and hopes to have an ally in Korea. As for investing in Hyundai Elevator and Hyundai Department Store, he is naturally optimistic about these two companies and is helping us. You have to believe that in this world, apart from interests, all other relationships are unreliable. Even your great-uncle and uncle are like this, let alone Lin Zhengjie, an outsider! Of course, we don't need to be on guard against him, because it is impossible for him to maliciously acquire Hyundai Group. After all, it involves politics and other factors."

"I see. Anyway, we need to strengthen our relationship with Mr. Lin and form an alliance. He is so rich that he can become an external force for us."

"That's right, so keep him company!"

The next day, Lin Zhengjie and Zheng Zhiyi toured Seoul, of course accompanied by a bodyguard assistant.

Rather than touring Seoul, Lin Zhengjie's visit was actually an inspection. Once Korea First Bank is acquired, his investment in Korea will be intensified.

After touring Seoul, Lin Zhengjie invited Zheng Zhiyi to dinner in the evening to thank her for being his guide today.

Of course, I continued to choose the Peninsula Hotel (Seoul).

"Uncle Lin, can I ask you a personal question?" Zheng Zhiyi asked a question during the meal.

"what is the problem?"

Although Lin Zhengjie felt a little indifferent about Zheng Zhiyi calling him uncle, he was indeed 46 years old after all, although he was indeed very young.

"Why do you think modern elevators and modern shopping malls have investment prospects?"

"I see in your mother a quality that your father doesn't have - that is, she is strong, gentle on the outside but strong on the inside. So when I invest in a company, I must first look at the leader of the company."

Zheng Zhiyi nodded immediately and took note of Lin Zhengjie's words.

Rather than saying that she was taking Lin Zhengjie around Seoul today, it would be more accurate to say that she took the opportunity to learn a lot from Lin Zhengjie.

"Uncle Lin, I toast to you!"

"Okay, thank you for accompanying me today."

Although Lin Zhengjie was dating a young girl, he was an elder after all, so he didn't think much about it. However, Zheng Zhiyi did exude a pure and lovely temperament. The girl was only about 1.6 meters tall and a little chubby, but still very beautiful, a very sweet little beauty.

This way the man will not be in a bad mood!
After the banquet, Lin Zhengjie planned to arrange for a bodyguard to send her home, but unexpectedly Zheng Zhiyi took the initiative to offer to accompany Lin Zhengjie to the hotel room for tea.

This made Lin Zhengjie a little alert, but when he thought that this hotel was his territory, he was no longer worried.

After a while, the two came to his suite, and Zheng Zhiyi took off his coat without hesitation.

"Uncle Lin, I admire you very much!" the girl said as she came closer while being a little drunk.

"Zhiyi, are you drunk and not able to hold your liquor?" Lin Zhengjie asked, supporting Zheng Zhiyi who came over.

Taking the opportunity, he also looked at the girl, who was very plump and innocent.

"I'm not drunk, Uncle Lin, I hope to hear your teachings often."

Lin Zhengjie stopped talking nonsense. His original intention was to form an alliance with the Zheng family and have teammates in the Korean business community. Since the girl is in love, she will not be polite.

He quickly got close to Zheng Zhiyi and put one hand into her shirt.

It’s really majestic!
It's plump and feels so little!
I remember when I met this girl, she was only eighteen or nineteen years old, and now she has become a bargaining chip for business cooperation.

"Uncle Lin, they are so scary, I am still No. 1"

"Don't worry, I'm always gentle"

As time goes by, Zheng Zhiyi finally becomes a woman.

The next morning, Lin Zhengjie and Zheng Zhiyi had breakfast together and arranged for a driver to take him home.

"Next time you come to Hong Kong, let's meet again!"

"Well, you should arrange it earlier. I have always liked Hong Kong!"

Zheng Zhiyi left reluctantly, she had already invested some emotions, it might have been a business ploy at first, but now she was thinking more about the relationship between a man and a woman.

Of course, she would not have other ideas. She just needed Lin Zhengjie to invest normally, or to become a backer for her. (End of this chapter)

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