The penniless son of the penniless ...

Chapter 157 Zhao Chongxun doesn't care
"You know, the aid provided by the IMF is not so easy to get! The old man Zhao Chongxun thought that he could forcibly embezzle the aid with his previous majesty and status as chairman. Little did he know that from the moment he accepted the aid, half of the management rights of Hanjin Group had fallen into the hands of foreign financial institutions!"

"We just need to hold them back for a while and consume as much of their aid as possible. When foreign financial institutions start to make trouble, we can watch a good show for free! You have to know that foreign bankers are not kind people. If someone dares to use their money to do their own things, they will not give up until they have eaten the other party alive."

As for the Zhao family of Hanjin Group? Zhao Zhongxun? They don't care who you are. Even if it is the newly appointed Mr. Da Zhong from Gaoli who comes forward, they still have to consider whether they are willing to give the other party some face.

Hearing Zhang Junfeng say this, Wu Mingxi and Li Fuzhen, who had been listening for a long time, suddenly brightened up. It seemed that this was the case! They were busy thinking about how to get the Hanjin Shipping shares held by other shareholders before Hanjin Group, and subconsciously ignored that the money in the other party's hands was not so easy to use! And the more they used it, the more serious the problem would be~!

Thinking of this, Li Fuzhen on the side said with a smile, "But I'm still more curious, when the people of Hanjin Zhao family find out that our target is the other two core subsidiaries of their group, will they be so angry that they have a stroke and go to the hospital, just like the former president of Hanjin Shipping, Zhao Nangao?"

"Hahaha! It's really possible. Even the elderly Zhao Chongxun might die on the spot in a rage~!" Zhang Junfeng fantasized with malicious intent. If possible, he would really like to see this happen. By then, the Hanjin Group would surely be in chaos, and he might be able to take advantage of the opportunity to seize the operating rights of Hanjin Group's Hanjin Land Transport and Hanjin Airlines.

Anyway, for those foreign financial institutions, if the corporate agent that invests in shares is not obedient, they can just replace it. As long as their interests can be protected and long-term considerable profits can be maintained, they don’t care at all as to who will manage the company in the future!
……

With the high-profile return of Galaxy Group founder Zhang Junfeng, who publicly announced that he had raised a terrifying cash flow of more than 10 billion US dollars to deal with the battle for the operating rights of Hanjin Shipping, and even had his eyes on Hanjin Hanjin Airlines and Hanjin Land Transport, after the news spread that the heads of major companies and staff of the Ministry of Planning and Finance in Goryeo were all stunned!
If Galaxy Group really takes strong action as Zhang Junfeng said and initiates a reverse takeover of Hanjin Group, then Hanjin Group will suffer heavy losses! With the little aid Hanjin Group received, it will be difficult to balance the acquisition of Hanjin Shipping shares and the management rights of its other two core subsidiaries. If things go wrong, everything will go wrong and it may not be possible to keep a single company!
……

Hanjin Group, in the president’s office.

Listening to the assistant's report on the latest situation, the representative of the Galaxy Group next to him frequently contacted the shareholders of the three companies, Hanjin Shipping, Hanjin Aviation and Hanjin Land Transport. The circulating stocks of these three companies in the market are being bought up in large quantities by institutions. This series of news made Zhao Chongxun shocked and angry!
"Ashiba! This damn Zhang Junfeng, where on earth did he get so much money?!" The angry Zhao Chongxun slammed the coffee table heavily, and the teacups placed next to it were splashed with water by the sudden vibration.

"...Father, what should we do next? If we sit back and do nothing, the other party will most likely acquire enough shares in a short period of time and initiate an extraordinary shareholders' meeting. By then, the operating rights of Hanjin Airlines and Hanjin Land Transport will have to change hands!" The eldest brother Zhao Liangzuo was also extremely anxious at this moment. He never expected that the people from the Galaxy Group would be so fierce and would directly turn the tables and launch a counterattack against the two subsidiaries of their group!
Since the confrontation with the Galaxy Group, Zhao Liangzi ordered his subordinates to conduct a detailed investigation of the newly established Galaxy Group, Comet Capital, and Zhang Junfeng. But the results he got shocked him! According to the information obtained, the funds of Comet Capital are outrageous~! In a short period of time, they successively took over KB Bank, Five Star Department Store and Shilla Hotel under the Five Star Group, Hanjin Shipping under the Hanjin Group, and Amore Cosmetics Company under the Amore Group. They snatched food from the Blue House and three large companies in one go, and they can still live so comfortably. Obviously, they are fearless!

The little bit of aid they got from selling shares in their subsidiary is not enough to fight on three fronts. They should be thankful if they can keep the operating rights of a company!

"Brother, you are too worried! The Galaxy Group has mobilized a cash flow of 10 billion US dollars, so what? Our Hanjin Group is not something that can be provoked by such ignorant guys like them!"

Compared to the eldest brother Zhao Liangzuo's caution, the second brother Zhao Xiuhao was a little disapproving. He even felt that their Hanjin Group was now backed by a foreign financial institution such as the IMF. Young people like Zhang Junfeng who were ignorant of the immensity of the world were just trying to hit a rock with an egg and overestimating their own capabilities~!

After hearing the second brother Zhao Xiuhao's words of praising himself and belittling his opponent, Zhao Zhongxun's bad mood, which was originally furious, was relieved a lot. In his opinion, Zhang Junfeng, this rising star, just made more money, and at best it was just bluffing. How could he really cause any harm to their Hanjin Group!
Zhao Chongxun was still very persistent and ordered his two sons to continue with the previous acquisition plan and must obtain the operating rights of Hanjin Shipping in the shortest possible time. He wanted to see how the Galaxy Group would have the face to shout in front of him when the temporary shareholders' meeting was held and the change of ownership of Hanjin Shipping was approved? !

……

Looking at his resolute father Zhao Zhongxun and his brainless second brother Zhao Xiuhao, Zhao Liangzi couldn't help but sigh. These two guys were obviously crazy! Others might not understand the interests involved, but father Zhao Zhongxun and second brother Zhao Xiuhao were really confused!

The aid they are using now was obtained by transferring a lot of shares of the core subsidiaries of the group. If the aid is used up in order to obtain the operating rights of Hanjin Shipping, what should they do next? Moreover, the Galaxy Group has more than 10 billion US dollars. Are they really just bluffing and will not really take action against Hanjin Airlines and Hanjin Land Transport?

(End of this chapter)