The penniless son of the penniless ...

Chapter 187 Brotherly Alliance (Additional Update)
Inside the meeting room of Hyundai Motor Company.

The three brothers, Zheng Mengjiu, Zheng Menggen and Zheng Mengyu, sat on the sofa around the coffee table, tasting the freshly brewed tea. However, the three of them did not look as relaxed as before. Even though they were drinking expensive tea, their moods were different.

After a while, Chung Mong-koo spoke first, "A 'friend' talked to me about the future position of chairman of Hyundai Group. He asked me, if the position of chairman of the group is not passed on to me, how should I, the eldest son, deal with it? I originally thought it was just a joke, but I didn't expect it to come true!"

"It's ridiculous. I thought at that time that if my father really wanted to hand over the position of group chairman to someone else one day, I would choose to take the position by force, pull down the person who usurped my position as chairman, and suppress him severely. Now it seems more like a joke!"

At this point, Zheng Mengjiu's expression was full of regret. He didn't expect that Zhang Junfeng was like a prophet. Many things actually came true as he said! Especially the sentence "The world is so big, I have only heard of emperors who reigned for 60 years, but I have never heard of a prince who reigned for 60 years?"

Now it seems that this is not a hint that his father, Chung Ju-yung, had other plans long ago, so he has been dragging his feet on deciding who will be the heir and has not announced it to the public. Otherwise, wouldn't it be fine if he had just confirmed him as the heir to the group? !
……

After hearing what Chung Mong-koo said, the brothers Chung Mong-geun and Chung Mong-woo were surprised. At the same time, they were not optimistic about this approach of breaking off relations with the Hyundai Group and confronting their father Chung Ju-yung head-on.

Although Chung Ju-yung had clearly stated at the previous high-level meeting that he was unwell and needed rest, an acting chairman was appointed to manage the group's daily affairs.

But now Chung Ju-yung has only retired. He is still there after all. The Hyundai Group, which has been developing for decades, was founded by him. He enjoys unparalleled reputation and dominance in the entire group.

However, Chung Mong-koo, the president of a core subsidiary of the group, wanted to leverage the power of one company to shake up the entire Hyundai Group, or even overthrow Chung Mong-sun's management of the entire group, but he was clearly unable to do so.

If this is all Zheng Mengjiu's method is, then it doesn't seem to be a wise idea for the two of them to cooperate with him!
……

Thinking of this, the third brother Zheng Menggen asked tentatively, "Brother, don't you have any other ideas? For example, we can cooperate with external financial institutions. Don't you have a good relationship with Zhang Junfeng of Comet Capital? If we can get his support, maybe we can compete with Zheng Mengxian, and maybe we can even have a chance to pull him down from the position of acting chairman!"

Hearing what the third brother said, the fourth brother Zheng Mengyu's eyes also lit up. How could they forget about Zhang Junfeng, a powerful foreign aid? According to the rumors received before, Zhang Junfeng's KB Bank and even Comet Capital have a lot of intersections with the second brother's Hyundai Motor Company.

They couldn't believe that there was no PY transaction between them. After all, Comet Capital had swallowed up many companies like a greedy snake and won the management rights. Such a fierce existence should not easily let go of a large piece of meat from a high-quality enterprise like Hyundai Motor Company! Moreover, Zhang Junfeng was the son-in-law of Li Jianxi, chairman of the Five Star Group. The competition between their Hyundai Group and the Five Star Group was becoming increasingly tense, but the two sides did not have any conflicts. There was no trick in the middle, how could it be justified!

……

Seeing that the two brothers mentioned Zhang Junfeng and Comet Capital, Zheng Mengjiu pondered for a moment and then acknowledged his cooperative relationship with Zhang Junfeng in an affirmative tone. If the previous concealment was to reduce his father Zheng Zhouyong's powerful ability and avoid arousing the other party's suspicion, then the active exposure now is to show his own strength and increase the confidence of his "allies" on this side, and stand on his side with a firm attitude!
Hearing Zheng Mengjiu's personal admission, the two brothers Zheng Menggen and Zheng Mengyu were immediately overjoyed. With the powerful foreign aid of Comet Capital, their chances of success in the next action will be greatly improved! After all, Zhang Junfeng was able to lead the newly established Galaxy Group to fight against the Hanjin Group head-on and successfully seized many of the other party's subsidiaries. His record is outstanding!

"If possible, we can also win over the sixth brother Zheng Mengzhun. Although this guy always looks peaceful and carefree in his daily life, I absolutely don't believe that he has no ambition! Especially when a waste like the fifth brother is in charge of the group, it would be a miracle if he can accept it!" The fourth brother Zheng Mengyu took the opportunity to suggest. Although the relationship between the sixth brother Zheng Mengzhun and the others was average, Zheng Mengyu still paid attention to his every move.

Hearing what Zheng Mengyu said, the third brother Zheng Menggen also smiled brightly, "Besides that, some of the senior executives in the group are also loyal to us! With the little ability of the fifth brother, it is impossible to subdue them one by one!"

"As long as we give the order to let them hold back at the critical moment and mess up their project plan, it won't be long before those senior executives who support him for the sake of their father, Chung Ju-yung, will have second thoughts. We can then take advantage of the opportunity to cause trouble!"

Listening to the analysis and plans of the third and fourth brothers, the second brother Zheng Mengjiu was in a very good mood. If they really did follow what they said, and with the help of Zhang Junfeng, a powerful foreign aid, to provide them with financial and other assistance, their success rate of bringing down Zheng Mengxian would be quite high!
……

Perhaps in order to win over the hearts of the people and completely tie the two brothers, Zheng Menggen and Zheng Mengyu, to his side, Zheng Mengjiu proudly stated that if he could drive Zheng Mengxian out of office and successfully become the chairman of the group, he would remember today's alliance.

After he takes office, Zheng Menggen, who is in charge of running the Hyundai Department Store, and Zheng Mengyu, who is in charge of running the Hyundai Aluminum Company, will be given greater authority, and all personnel appointments and dismissals will be decided by them.

The previous regulation set by Chung Ju-yung to hand over a large amount of profits to the group headquarters every year to enrich the group headquarters' finances can also be reduced to 10%. Such tangible benefits made the brothers Chung Mong-geun and Chung Mong-woo very happy.

You know, once this is really done, the power of the presidents of their two companies will be greatly enhanced, and it will not be an exaggeration to say that the company's management rights will be completely independent!
(End of this chapter)