The penniless son of the penniless ...

Chapter 55 We may not share the good times, but we will definitely share the bad times!
Although neither of them was very decent, the latter at least retained some dignity and was not too ugly! And now that it has come to this, they have no other way out!

Chen Fuchen suggested that the Blue House convene a meeting of the heads of large domestic enterprises and state-owned banks to convey this important information directly to them.

After all, the domestic economy has collapsed to this point, and these banks and large enterprises also have an unshirkable responsibility. Instead of letting them bear such bitter consequences and infamy alone, it is better to let them feel this cruel reality and share the honor and disgrace!
Mr. Yongsan looked at his think tank with mixed feelings and nodded heavily. It has come to this point, and he, as the president, is destined to be nailed to the pillar of shame in history! But even so, those in power in big companies and chaebols can't expect to have an easy life!
……

When the Blue House meeting was held, all the heads of large companies and banks present were stunned! They all vaguely guessed that if they applied for assistance from the International Monetary Fund (IMF), the other party would make a series of requirements.

But they never expected that the other party (IMF) would be so demanding. Once they agreed, would they still be the powerful heads of their own companies/banks? They would probably become "puppets" under their control, right? !

……

Even if there were heads of large companies present who wanted to raise objections and disagreed with this operation, the Blue House representative, under the instruction and acquiescence of Mr. Yongsan, quickly reprimanded the other party and ordered them to repay the debt owed to the bank as soon as possible if they did not accept such a request!

The several presidents who wanted to speak up and support the "first bird" were silent! If they still had money to turn around, the company would not be in this situation now. Asking them to pay back the money now, isn't this forcing them to death?

You should know that the debt ratio of all the companies present here far exceeds the market value of the company. Even if the entire company is sold, it is still difficult to pay off the loans owed!
……

Director Yin, who was waiting outside the meeting room, did not sit there idly. Seeing that the meeting was in full swing and there were occasional loud noises coming out of the meeting room, he was smart and quickly tried to get close to the others.

After learning that today's meeting was essentially Mr. Yongsan informing these companies of the IMF's harsh demands and forcing these companies to make a decision, Director Yin was shocked and it took him a while to come back to his senses.

He quickly used the excuse of going to the bathroom to smoke and quietly contacted Zhang Junfeng to tell him the important news immediately. Then he returned to the waiting place as if nothing had happened, quietly waiting for the end of the meeting.

……

Zhang Junfeng, who was at the law firm, was in a good mood after hanging up the phone! After waiting for so many days, the biggest "assist" was finally waiting for him!
If he had visited those state-owned banks before to discuss investment, shareholding or even acquisition with them, he would have been turned down nine times out of ten, or even kicked out in serious cases!
But now with the International Monetary Fund (IMF) making such an exorbitant request, his demands seem "commonplace"!
"Director Wu, you will have to work hard in the next few days! As long as you can get it done this time, you will have the title of 'Bank Legal Consultant' added to yours!" Zhang Junfeng looked aside and promised with a bright smile.

Hearing Zhang Junfeng say this, Wu Mingxi rubbed his hands excitedly and immediately stated that he would definitely get this done. Then he thought of something else, hesitated for a moment, and asked tentatively, "Boss, I have a cousin who is studying law at Seoul University and will graduate this year. I plan to bring her to the law firm for an internship..."

"You can make your own decision on this matter! You are still the person in charge of the law firm, right?" Zhang Junfeng waved his hand, not caring about such "small matters" and letting Wu Mingxi make the decision. "I will contact Goldman Sachs tonight and ask them to arrange a representative to come as soon as possible to cooperate with us in visiting the bank. By tomorrow at the latest, you must complete the collection of information on these domestic banks."

"Yes, boss!" Wu Mingxi nodded excitedly. It's just working overtime and staying up late to organize materials. As long as he can succeed, all these efforts are not a big deal!

……

That night, Zhang Junfeng contacted Matto Walsh of Goldman Sachs under Li Fuzhen's curious gaze.

Mato Walsh readily agreed to Zhang Junfeng's request for help in taking over a bank in Goryeo. After this period of contact, the ability of Zhang Junfeng as a "partner" is beyond doubt!

Now that there is an opportunity to give the other party some help and benefits in order to consolidate the cooperative relationship between the two parties, Mato Walls will naturally not refuse.

In the end, Mato Walsh and Zhang Junfeng reached an agreement to let Leon John go to Goryeo to help Zhang Junfeng!
After hanging up the phone, Li Fuzhen looked at Zhang Junfeng suspiciously and quickly asked about the confusion in his heart, "You just said you want to acquire a bank? Which bank? ... No, how can you come up with so much money?!"

"Even though the domestic economy is on the verge of collapse and the bank has become a shell, the size of the bank is still much larger than the Shilla Hotel and the five-star department store! You can't possibly have so much money to buy the bank!"

Zhang Junfeng gently stroked Li Fuzhen's pretty face and kissed her. Seeing Li Fuzhen push Zhang Junfeng away with some disgust, he smiled and explained, "I never said that the money I earned was only that much!"

"How... is this possible?! Even if the stock prices of those Internet technology companies in the United States rise dramatically, you can't make enough money to buy a bank!" Li Fuzhen did not agree with Zhang Junfeng's explanation. Even if Zhang Junfeng was an investment genius, he could not do this!

Seeing that Li Fuzhen still looked incredulous, Zhang Junfeng waved his hands helplessly, "If you don't believe me, there's nothing I can do! Anyway, you'll know whether what I said is true or not in two days!"

"…If everything goes well, the subsequent poor management issues of Shilla Hotel can also be solved smoothly!" Zhang Junfeng mentioned it casually, remembering what Li Li Fuzhen had mentioned to him before about the continued decline in Shilla Hotel's turnover.

When Li Fuzhen heard Zhang Junfeng suddenly mention this, she was still a little skeptical, and her expression changed quickly, "Are you telling the truth? You're not lying to me, are you?!"

(End of this chapter)