The penniless son of the penniless ...

Chapter 237 The Frustrated Zhao Family Father and Son

The top priority now is not to continue to expand the company blindly, but to hope that in the next few years, the Five Star Group's overseas sales can be reorganized and bring rich profits to the group headquarters, so as to turn losses into profits as soon as possible and gradually reduce and eliminate the group's debts.

It seems that these state-owned enterprises may have no chance with their Five Star Group. It depends on whether Zhang Junfeng has the means to take them over.

……

In the following days, Comet Capital issued a special announcement, saying that they had reached a cooperation with Yuetian Group and successfully seized the shares of Yuetian Shopping, Yuetian Capital and Yuetian Seven Star Beverage from the other party, successfully holding more than 50% of the shares and smoothly taking over the company's operating rights.

The Hanjin Group, which originally wanted to sell at a price, is now a little upset! Especially the second brother Zhao Xiuhao, who is quite dissatisfied with his boss Zhao Liangzi who messed up things. He even said bluntly that he should have stopped when he saw the good instead of asking for an exorbitant price. How could it be like this now, with all these stocks in his hands!
"…Is this my decision? Didn't you and father encourage me to ask them to raise the price before selling?" Zhao Liangzi was in a bad mood at the moment. Although he was in charge of this matter, he was not the only one who made the decision. Now that something went wrong, the stocks might be ruined, but he had to take the blame alone? This was unacceptable, wasn't it? !
Hearing the boss say this, Zhao Zhongxun, as a father and the chairman of the group, looked a little embarrassed. According to his previous plan, the conflict between Comet Capital and Yuetian Group would definitely allow Hanjin Group to take advantage of the situation and make a lot of money.

But KB Bank, a subsidiary of Comet Capital, made such a big fuss about it, with tens of billions of US dollars, that the attitude of Yuetian Group changed 180 degrees in a short period of time!
"...This Xing Gehao is really a guy who only bullies the weak and fears the strong. When he saw that Zhang Junfeng was someone he couldn't afford to offend, he immediately surrendered and asked for peace. What a coward!" Zhao Chongxun was quite dissatisfied with the performance of Xing Gehao and Yuetian Group. If they could be tougher and buy the shares of Yuetian Shopping Company in their hands at a high price, wouldn't that be a "happy ending"?

Now that something like this has happened, how to sell these stocks is also a big problem. If they sell them all at once, if the company's stock price drops sharply, it is very likely to attract the attention of Comet Capital and Yuetian Group. At that time, their situation will probably not be much better!
The most feasible way at present is to ask Comet Capital to take over these shares, or to sell the shares in small batches according to the current situation. However, it will take a long period of time to recover the funds using this method, and many unexpected things may happen in the meantime.

……

When Zhao Chongxun expressed his plan, his two sons almost subconsciously chose the latter. It was too frustrating that they would never want to do it a second time even if they were beaten to death!
Seeing that his two sons were so determined, Zhao Chongxun could only sigh helplessly and let the two brothers handle it.

------Dividing line------

Hyundai Motor Company, inside the chairman’s office.

Zhang Junfeng, who received a phone call from Zheng Mengjiu, came here again. However, looking at Zheng Mengjiu, who looked obviously tired, Zhang Junfeng was quite surprised. He thought that he had prepared the other party in advance, and the other party should have completely let it go. Now it seems that it is not that simple! Zhang Junfeng asked calmly, "President Mengjiu, this time, can you see the specific thoughts of the old chairman's method?"

"...He has always been partial to Lao Wu. I didn't expect his methods to be more powerful than I thought. He actually used the Mt. Kongfu tourism plan as a bargaining chip to show his favor to Mr. Da Zhong! Now that I think about it carefully, he let Lao Wu take charge of this project in the first place, which was clearly premeditated~!"

When Zheng Mengjiu heard Zhang Junfeng mention his biased and deceitful old father Zheng Zhouyong, he still couldn't let it go. When the eldest son was still alive, he said that he would follow the eldest son inheritance system, but the eldest son died in a serious car accident many years ago.

Later he became the eldest son. Logically, the Hyundai Group should have been handed over to him. But the old father suddenly changed his mind and wanted to make the fifth son, a flatterer, his heir. He was simply using his son as a tool to manage and operate the Hyundai Motor Company!
……

Seeing what Chung Mong-koo said, Zhang Junfeng's mouth curled up slightly, "The reason why old Chairman Chung Ju-yung chose Chung Mong-sun as his successor may be that he was reluctant to give up the power of the Hyundai Group. If he passed the chairmanship of the Hyundai Group to you, would you still listen to him, an old man who has already stepped down, according to your personality?"

"But Zheng Mengxian will definitely do it! Because he has always been very "obedient" and "filial". If the management rights of the group are passed to him, then even if this old man retires, his influence in the entire group will not change much..."

Hearing what Zhang Junfeng said, Zheng Mengjiu's expression paused, and he seemed to have gained some understanding. However, things had come to this point. Even if he had other ideas in his mind, the position of chairman had already fallen into the hands of Zheng Mengxian again, and it would be unlikely to take it back again.

"...Brother Junfeng, what do you think I should do next to deal with the difficulties and instructions from the group headquarters?" Zheng Mengjiu pondered for a moment and decided to ask Zhang Junfeng, a young man with unique views. In his opinion, the other party might be able to give a more reliable solution.

"...If possible, please hold back for a while, President Mengjiu. I think the old Chairman Chung Ju-yung's health condition is unlikely to last much longer. When the old chairman is gone, no matter how much Zheng Mengxian struggles, he will never be a match for you guys, President Mengjiu~!"

"…But if President Chung Mong-koo is willing to give up the position of Chairman of Hyundai Group, then the next operation will be much simpler~!" Zhang Junfeng reminded the other party with a smile. It depends on whether President Chung Mong-koo can think it through.

(End of this chapter)