The penniless son of the penniless ...

Chapter 176 Zhao Chongxun's Choice
"You're welcome. It's a good thing to be able to help you. Mato Walsh, this stingy boss, is not very generous. It would be great if I could exchange some extra investment plans for some extra money..."

Leon John on the other end of the phone read out the lines he had prepared long ago, fooling Gary Reid who was unaware of the situation.

Hearing what Leon John said, Gary Reid, who felt that he had taken advantage, was in a good mood. Little did he know that he was actually used as a tool and a springboard by the other party this time, and he was severely calculating against Jacqueline Bernard. I don't know if Gary Reid will be as happy as he is today after the subsequent short-selling of the big ruble investment suffers huge losses?
……

Inside the VIP ward of a private hospital in Seoul, Goryeo.

Zhao Chongxun, who had vomited blood and fainted in the office of the president of Hanjin Group, has been rescued, but his pale face and haggard appearance reveal that Zhao Chongxun's physical condition is very bad.

After getting the doctor's permission to visit, Zhao Liang's eldest brother Zhao Liangzuo and the second brother Zhao Xiuhao came to Zhao Chongxun. In addition to checking on the old father's condition, they hoped that he could help with some advice. Otherwise, when the extraordinary shareholders' meeting is held next week, their Hanjin Group may lose another subsidiary!
"Father, if it weren't for the last resort, I wouldn't want to bring up those bad things at this juncture. If we really can't come up with a solution now, Yuetian Group will seize the management rights of Hanjin Food Company at the extraordinary shareholders' meeting next week!"

Hearing the eldest brother Zhao Liangzao finally speaking out about the current embarrassing situation, the second brother Zhao Xiuhao did not say anything more and waited quietly for Zhao Chongxun's reaction.

Upon hearing the news, a trace of anger flashed across Zhao Chongxun's face as he lay on the hospital bed. He had not expected that Xingehao, a scum who had made his way in Japan by living off gigolos, would dare to set his sights on the Hanjin Group. If he had not suffered a great loss in the previous fight with Zhang Junfeng of the Galaxy Group and Comet Capital, how could this bastard have the turn to "take advantage of the fire"?
Even if this guy had two or three more courages, he might not have the guts to do it!

……

But the current situation, Hanjin Group is no longer what it used to be. If he had known that Zhang Junfeng was so tough, he should have warned these unpromising sons not to cause trouble and fight with others. Then their Hanjin Group would not have fallen into such an embarrassing situation now, right? !

"...There is only one solution now. However, this matter still requires you two to bow your heads and go to the Galaxy Group to find Li Fuzhen or Zhang Junfeng..."

Hearing that Zhao Zhongxun wanted the two of them to find Zhang Junfeng, the archenemy, the always impatient second brother Zhao Xiuhao immediately lost his composure, "Dad, you're right, aren't you? Zhang Junfeng, that bastard, is our enemy! If it weren't for him, how could our Hanjin Group be in this state now?!"

The eldest brother Zhao Liangzuo, who was standing nearby, heard that the second brother was still angry at this time, and hurriedly stopped him. If Zhao Chongxun was angered again, both of them would be in big trouble, and they wouldn't even be able to count on anyone to help them with advice!
……

"Ahem, the reason why I asked you to go find Zhang Junfeng is because we still have the leverage to convince him..."

Zhao Zhongxun coughed twice with a somewhat painful expression, and after a long while he continued, "As things stand, if we want to raise funds to deal with the battle for the management rights of Yuetian Group, we can only do so by selling shares of other companies."

"Ahem..., the only one who has the ability and is willing to acquire the shares held by our Hanjin Group is Zhang Junfeng. As long as we sell all the remaining shares of Hanjin Shipping to the other party, I think we should be able to obtain shares worth hundreds of millions of US dollars to deal with the acquisition of Yuetian Group..."

Hearing what Zhao Zhongxun said, Zhao Liangzhao and Zhao Xiuhao looked at each other with a serious expression, and for a moment they didn't know whether they should agree to do it. After all, if they did this kind of thing, they might be labeled as selling out the interests of the company!
"...Father, this is not appropriate, right? Isn't Zhang Junfeng our enemy? Now we are selling all the shares of Hanjin Shipping to him, isn't that giving him a free ride?!" Zhao Liangzi said with some dissatisfaction. In his opinion, they spent so much energy and time to acquire the shares of Hanjin Shipping Company, and now they have to transfer all of them to Zhang Junfeng, their enemy. Just thinking about it makes him feel aggrieved!

Hearing his son's words, Zhao Chongxun's face flashed a trace of struggle, but he quickly regained his composure, "...The operating rights of Hanjin Shipping have not been in our hands for a long time. If it continues like this, I'm afraid the entire Hanjin Group will be dragged into the abyss. It's time to let go..."

"It's not terrible to lose to Galaxy Group. Zhang Junfeng's financial strength cannot be compared with that of ordinary financial institutions. Even if Chung Ju-yung of Hyundai Group faced him, he would not be able to gain any advantage."

"But the situation of Yuetian Group is different. If they succeed again, Hanjin Group will lose its prestige and be trampled on. No one will take Hanjin Group seriously anymore..."

Seeing his father Zhao Chongxun say this, Zhao Liangzi nodded solemnly. According to his father's analysis, selling all the remaining shares of Hanjin Shipping Company is the best way at present.

And if they don't sell Hanjin Shipping, they can't sell the shares of Hanjin Airlines and Hanjin Land Transport that they both participated in, right? If they really did that, not only would they have no chance of turning the tables, but they would even become the laughing stock of the Goryeo upper class!

……

Watching his two sons leave, Zhao Chongxun, lying on the hospital bed, sighed helplessly.

What a legend his life was! From an unknown ordinary Korean civilian, he quickly accumulated wealth by transporting supplies to the American side during several wars and completed his transformation.

During the period of rapid development of Hanjin Group, he was fortunate enough to become the richest man in Goryeo and stood at the top of the business pyramid. Even the president at that time treated him with courtesy~!

Unfortunately, this peak moment did not last long. In the past few years, the growth rate of Hanjin Group was no match for Wuxing Group, Hyundai Group and Daewoo Group, and its ranking fell further and further behind.

……

This time, he was defeated by Zhang Junfeng, a younger and somewhat overconfident junior, which made him gradually realize that he was already an old man of this era and was about to be eliminated by this era. After all, the future belonged to these young people. As the chairman and father, he should arrange a safe way out for them. Only in this way could Hanjin Group continue to operate in the future instead of being eaten away by those ambitious guys.

(End of this chapter)