The penniless son of the penniless ...

Chapter 109: Shinhan Bank is robbed for the second time
In the meeting room on the 10th floor of the building where Shinhan Bank is located.

Chairman Zheng Zhefu looked at the familiar Zhang Junfeng and Wu Mingxi with a complicated expression. He never expected that their meeting again would be at this time.

"Chairman Zheng, long time no see! This time we visit you and bring you good news!" Zhang Junfeng greeted him with a smile. When he shorted Hanbao Steel's share price last year, part of the borrowed shares were obtained from Shinhan Bank. The two parties can be regarded as "old acquaintances"!

Hearing what Zhang Junfeng said, Zheng Zhefu showed a smile that was uglier than crying. "The good news Mr. Zhang mentioned, could it be the same as last time, the 'borrowing' of shares? Hanbao Steel has gone bankrupt, and our Shinhan Bank has suffered a lot of losses..."

Hearing the other party bring up the old story again, Zhang Junfeng smiled awkwardly. In addition to KB Bank, another part of Hanbao Steel's shares came from Shinhan Bank. He made up a reason and paid 0.5 million US dollars in cash as collateral, borrowing hundreds of millions of Hanbao Steel's shares from them.

However, after Hanbao Steel collapsed, Zhang Junfeng went to America with Li Fuzhen because of the start of school, and the mess they left behind really hurt Shinhan Bank.

However, when Zhang Junfeng returned, his status changed from the boyfriend of the Five Star Group's daughter to her husband, and he also had a lot of money on hand. Even for Shinhan Bank, it was not easy to offend such a person, so they could only swallow the loss they had suffered and pretend that nothing had happened.

……

"Ahem, President Zheng, you're worrying too much. This time we, Comet Capital, come here to buy the shares of the cosmetics company under the Amorepacific Group from your bank!" Zhang Junfeng was afraid that the other party would associate the previous events with this and affect the negotiations and transactions this time, so he opened the door and directly stated his purpose.

Zheng Zhefu's expression froze, as if he had never expected that Zhang Junfeng would come here to buy the company's shares from their bank!
However, although the current domestic economic situation is quite bad, if they were to sell their shares in Shinhan Bank at this time, they would inevitably lose a lot of money, even though the current revenue and performance of the cosmetics company of the Amorepacific Group are still quite good.

"...Mr. Zhang, excuse me for being blunt, but Comet Capital should have acquired shares and management rights of many companies in the past two months. Does it still have the spare capacity to acquire shares of Emily Group Cosmetics Company? Or does it plan to take the opportunity to short sell again?" Zheng Zhefu did not rush to answer, but asked about Zhang Junfeng's purpose.

"President Zheng, you must be joking. Given the current domestic economic situation, I won't make much money even if I short the stock price of this cosmetics company. I plan to acquire shares of this cosmetics company and give it to my wife as a wedding gift after I take over the management rights of the company. However, President Xu Qingpei of the Amore Group seems unwilling to help, so I can only come to Shinhan Bank and seek help from President Zheng."

Hearing that Zhang Junfeng actually wanted to take over the management rights of the company and then give it to the daughter of the Five Star Group, his face twitched. Good guy, even Zheng Zhefu, who is old, was stunned by the other party's generosity!
You know, even though the cosmetics company is just one of the subsidiaries of the Amorepacific Group, its market value is still as high as hundreds of millions of dollars. Giving it as a gift to your wife to make her happy? This price... is too high, right? !
However, despite his complaints, Zheng Zhefu expressed his appreciation for Zhang Junfeng's behavior on the surface, and even praised Zhang Junfeng as an excellent husband who knew how to please his wife.

Zhang Junfeng didn't care about this. As long as he could successfully buy the shares of the cosmetics company from the other party, it would be fine. As for the management rights of the cosmetics company, he would indeed hand it over to Li Fuzhen for management. After all, when these companies were integrated into a new group, Li Fuzhen was his designated chairman! ...

After understanding Zhang Junfeng's purpose, Zheng Zhefu negotiated with Zhang Junfeng about the purchase price. After all, this was not a loan, and the shares were naturally sold at an ideal price. However, when Zheng Zhefu asked to sell Shinhan Bank's 16.5% stake for 1.2 million US dollars, Zhang Junfeng's staff were not satisfied with such a high price.

After all, what they wanted to acquire was the cosmetics subsidiary of the Amorepacific Group. This price was more than 20% higher than the current market price, almost reaching 30%! If they really bought the shares from the other party at this price, wouldn’t they be completely taken advantage of?
"Chairman Zheng, these shares held by Shinhan Bank do not seem to bring you any benefits, right? Even if the economic environment improves in the next few years, according to the character of the Xu family, will they distribute dividends to the company's shareholders? Not necessarily?!"

"Instead of counting on others to give out dividends out of kindness, it is more important to abandon the bank and save the driver during this period of time. The most important thing is to exchange those "useless" shares for cash to help the bank survive." Zhang Junfeng reminded Zheng Zhefu meaningfully that it is their Shinhan Bank that really needs to sell shares to recover funds!

If Comet Capital cannot agree on the price, they can look for other shareholders. If the price is not agreed upon in one day, they can try two or three days. If it drags on for too long, shareholders like them will be the ones who suffer!

……

Zheng Zhefu looked at Zhang Junfeng who was very confident, hesitated for a long time, and finally said with gritted teeth, "This 16.5% of the cosmetics company's shares are worth 1 million US dollars. If Mr. Zhang is willing, I will ask my subordinates to prepare the contract, and the share transfer contract can be signed today!"

Seeing that the other party finally chose to give in and recover the funds as soon as possible, Zhang Junfeng nodded with a bright smile and agreed. Being able to acquire a large number of company shares at a price close to the market price is indeed good news. If more shares can be acquired at this price, it should only cost less than 4 million US dollars to complete it smoothly.

……

Just as Zhang Junfeng was negotiating with Shinhan Bank, the Five Star Group received a visit from the top management of Goldman Sachs' Korea branch, led by the current branch president Leon John.

As the vice president, Li Zairong greeted Leon John warmly and led him into the meeting room which had been well decorated. He also did not forget to praise the strength of Goldman Sachs Group and its brilliant investment performance in recent years from time to time. This flattery made Leon John quite satisfied.

(End of this chapter)