The penniless son of the penniless ...

Chapter 58 A difficult choice? Profits come first

Hearing Zhang Junfeng's confidence, Jin Zhengtai was a little confused! Is this foreigner next to him a representative of Goldman Sachs? Could this guy... really have so much money? !

Leon John, who had been "watching the show" for a long time, quickly introduced his identity and position in Goldman Sachs Group in fluent English at the signal of Zhang Junfeng.

……

When Jin Zhengtai heard from the assistant translator that Zhang Junfeng had no less than 40 billion US dollars in cash and assets in his personal account at Goldman Sachs, he was stunned as if he had heard a myth!

How could this guy, who is only in his 20s, have such strong financial resources? Even if he had shorted Hanbao Steel's stock price before, he might not have made so much money!
"This... can't possibly be the strength of the Myeongdong Zhang family, right?! If that were the case, how could Zhang Fushan in Myeongdong only open a small-scale loan company and not take any other actions?!"

"Or is it that the person behind this kid is Li Jianxi of the Five Star Group?! But how could that old fox hand over such a huge amount of funds to such an outsider? Even if he loves his daughter so much, he can't do such a thing, right?! And the financial crisis of the Five Star Group is also there!"

……

In these few short seconds, Jin Zhengtai thought of many possibilities, but all of them contained huge contradictions, which made him very puzzled. Finally, he cast a suspicious look at Leon John.

Could it be that... this guy Zhang Junfeng found a foreigner to come here and put on a show in order to get some benefits from him?

Thinking of this, he couldn't help but become more alert, fearing that he would fall into the opponent's "trap" again if he was not careful!
……

After Leon John stopped talking, Zhang Junfeng took over the conversation and continued the previous topic, "I think I should be able to prove my strength now, right? Of course, if President Jin still has doubts, he can ask his subordinates to confirm the authenticity of the information just now with Goldman Sachs..."

But before Zhang Junfeng could finish his words, Jin Zhengtai ordered his assistant to go out and confirm the information.

Seeing this scene, Zhang Junfeng couldn't help but complain in his heart that the other party was doing something unnecessary and that the other party's vigilance was a bit too much!

However, on the surface, Zhang Junfeng did not show any objection. After all, the information about him and Leon John was true and could withstand the other party's verification!
……

After waiting for more than ten minutes, both parties tacitly did not talk about any other topics, and quietly waited for the assistant's message. After all, only when the information provided by Zhang Junfeng was verified, the content to be discussed by both parties would be necessary to talk about.

A few minutes later, the young assistant hurried in, glanced at Zhang Junfeng with some awe, then came to Jin Zhengtai and gave him a brief report on the information he had just verified.

…After listening to the assistant's report confirming that the information was correct, Jin Zhengtai looked at Zhang Junfeng with a complicated expression, and then his expression gradually became enthusiastic, "I didn't expect that Mr. Zhang could have such wealth at such a young age. It really makes me ashamed!"

Seeing that Zhang Junfeng was still calm, Jin Zhengtai laughed dryly, and then quickly shifted to the previous topic, "Mr. Zhang is willing to help our KB Bank through this crisis, and we are naturally very happy to do so. But what is the price that our KB Bank needs to pay for this aid?"

"…10 billion US dollars requires 20% of KB Bank's shares as collateral, 20 billion US dollars requires 40% of KB Bank's shares, and so on. The maximum amount that can be provided is 30 billion US dollars! The interest rate is 20% per year, and the loan period is 4 years. If the repayment cannot be made after the due date, all the shares pledged by KB Bank will belong to me!"

Hearing Zhang Junfeng's extremely harsh conditions, Jin Zhengtai felt bad! If the International Monetary Fund is a lion that wants to devour them, then Zhang Junfeng is a ruthless wolf who wants to tear off a large piece of "fat meat" from them. Neither of them is a good person!

"Mr. Zhang, we at KB Bank cannot agree to your request! 30 billion US dollars can indeed help KB Bank out of its predicament, but once so many shares are mortgaged, our KB Bank's operating rights will inevitably be lost. I cannot accept such a result!"

Zhang Junfeng was not surprised by Jin Zhengtai's reaction and continued, "If the first method doesn't work, we can also try the second way of cooperation!"

"I will invest 25.5 billion US dollars to acquire 51% of KB Bank's shares and become the bank's new major shareholder! The bank's middle and senior management positions will not be changed within three years, but they must undergo assessments. Those who fail the assessment for three consecutive years will be demoted."

"Of course, the daily affairs of the bank will still be handled by you, President Jin. The bank needs to notify me, the major shareholder, when it encounters major decisions, and the decision will be made after a vote at the shareholders' meeting!"

Hearing what Zhang Junfeng said, Jin Zhengtai was somewhat tempted. Compared to accepting assistance from the International Monetary Fund (IMF), completely losing the bank's decision-making power, and obtaining a huge loan from Zhang Junfeng and repaying high interest afterwards, the third way is undoubtedly the best!

According to Zhang Junfeng, he will still be the high and mighty president he was before, and even his trusted subordinates will not be affected much. After all, it is reasonable for him to be demoted after failing the assessment for three consecutive years.

But the share requirement proposed by Zhang Junfeng is really a bit harsh! Without the control of equity, wouldn't he, the chairman, become a hollow shell with nothing in sight? !
Feeling unwilling to give in, he quickly raised objections to Zhang Junfeng, trying to lower his shares as much as possible based on the chips offered by Zhang Junfeng, in an attempt to retain his say in the bank!

However, how could Zhang Junfeng agree to this? He directly rejected his proposal and said that if Jin Zhengtai did not agree to the deal, he could simply change to another bank to cooperate with. Anyway, the domestic economy of Goryeo has collapsed and a large number of banks are on the verge of bankruptcy. If KB Bank is not happy, he can always find a second or third bank to cooperate with!

……

More than two hours later, Zhang Junfeng and his team left KB Bank with satisfied smiles, leaving Jin Zhengtai, who looked melancholy, in his office for a long time. After the bank's shareholders' meeting is held in a few days and Zhang Junfeng's investment is unanimously approved, the leader of this bank will be changed to Zhang Junfeng!

The assistant who had listened to the whole transaction was also puzzled. Even if KB Bank was in a difficult crisis, hadn't the Blue House already applied for loan assistance from the IMF? There was no need to agree to Zhang Junfeng's unreasonable request!
(End of this chapter)