The penniless son of the penniless ...

Chapter 89: Zhao Family Crisis, Leon John is eager to try
But I never expected that these guys would be so dirty! They were capable of doing such despicable things. They thought the other party had such good character!

At the same time, as the prosecutors visited Hanjin Group and took away the Zhao brothers and several company executives, news about the inside of Hanjin Group quickly spread with the help of some people with ulterior motives.

After learning that the Procuratorate had also taken action, the leaders of the TV station, after a brief consideration, still gritted their teeth and asked the staff to broadcast a lot of negative news about Hanjin Group on the current affairs news channel!

……

Watching the TV reporting one negative news after another that was unfavorable to the Hanjin Group and the Hanjin Zhao family, some quick-witted people quickly realized that there was something fishy going on. It was most likely that someone was targeting the Hanjin Group and the Hanjin Zhao family!

However, they don't intend to meddle in other people's affairs and are happy to just sit back and watch each other make a fool of themselves!
Although the current situation of these large enterprises is not very good, seeing that their "competitors" have suffered misfortune before themselves and fell on the eve of receiving aid from the International Monetary Fund (IMF), their future days will be much better!

As time went by, negative news about Hanjin Group was widely spread, and the stock prices of many subsidiaries of the group also fell. Many investors and institutions holding shares chose to sell off their holdings and cash out in an attempt to avoid this sudden risk!

After receiving the order from Zhang Junfeng, the securities company staff who had been on standby for a long time quickly began to secretly acquire shares of Hanjin Land Transport and Hanjin Airlines through multiple accounts opened in advance!

……

As the negative news about Hanjin Group intensified, even the old chairman Zhao Chongxun, who had experienced decades of ups and downs, was furious after hearing the reports from his subordinates, and he wished he could give his two disappointing sons a good beating.

But at this point, his beatings and scoldings were useless! The employees of the subordinate companies were in a state of panic, and some bold employees even began to instigate other employees to join the protest against the company's top management. The attitude of the procuratorate was also somewhat ambiguous.

Although he contacted several big shots, they changed their usual style of readily agreeing to his requests and ignored his requests, talking about other things. This result made Zhao Chongxun even more angry!

These bastards usually treated him like brothers and sisters, and received a lot of money and benefits from him. Now that something happened, they were planning to cut off all ties with him? !
Fortunately, Zhao Chongxun, who had seen many ups and downs, did not behave as disappointingly as his descendants. After his subordinates' analysis and reminders, Zhao Chongxun quickly came up with a solution. In addition to appeasing the employees within the company, he also asked someone to hold a press conference on behalf of the company to clarify some unfavorable negative news to the outside world and save the company's reputation.

……

But the bad news brought by the subordinates who came to report to him later still stimulated Zhao Chongxun! As soon as the stock market opened in the afternoon, the stock prices of many subsidiaries of Hanjin Group plummeted. It was suspected that some institutions were frantically selling and smashing the market. Zhao Chongxun, the chairman, needed to come up with a solution as soon as possible. Zhao Chongxun staggered and almost fell to the ground without standing firmly. Solution? What solution? ! Zhao Chongxun was a human, not a god. If there was money in the company's account, he would not have watched the bastards of KB Bank take away Hanjin Shipping!

Seeing that their president almost fell down, the subordinates beside him quickly helped him up. However, when they saw Zhao Zhongxun's poor complexion and mental state, they still dialed the hospital's emergency number and planned to send the group leader to the hospital for treatment as soon as possible.

If anything happens to the president, then they, the subordinates, will most likely become tools for other members of the Zhao family to shift the blame!
……

Goldman Sachs Bank, Korea Branch, General Manager’s Office.

Listening to his subordinates' report on the latest situation of Hanjin Group, Leon John couldn't help but smile. He was naturally very clear about the entanglement between Zhang Junfeng and Hanjin Group. Now that Hanjin Group suddenly exploded, it was most likely related to Zhang Junfeng, his old friend!

However, the response of Hanjin Group made Leon John more certain that these large Korean companies are now at their weakest and most vulnerable moment. At this moment, they are like fish and shrimps waiting to be slaughtered on the chopping board. They have no spare energy to deal with emergencies and can only watch themselves being easily controlled by stronger opponents!

Isn't now the best time for them to "hunt"? !
Thinking of this, Leon John picked up the phone beside him and contacted Zhang Junfeng, his "good partner"! In his opinion, as long as he brought in Zhang Junfeng, the "local boss", and both sides contributed money and effort, he might be able to take over the shares of many large companies before the aid from the International Monetary Fund (IMF) arrived, and take the lead in eating a big piece of the pie!

……

After a while, the call was connected and a familiar voice was heard on the other end. Leon John first congratulated Zhang Junfeng on his successful "revenge", and then went straight to the point, asking Zhang Junfeng if he had any "hunting" targets. He was already "impatient"!

Seeing Leon John asking about the target so anxiously, Zhang Junfeng thought for a moment and then pushed out Yuetian Group and its several department stores.

As one of the top five enterprises in Goryeo, Yuetian Group developed into the largest food enterprise in Goryeo in the 20s by establishing Yuetian Seven Star Beverage, Yuetian Sangang, Yuetian Sausage, Yuetian Li and other companies. In the following ten years, Yuetian Group also entered the infrastructure construction industry by establishing Yuetian Construction, Hunan Petrochemical, Yuetian Machinery, Yuetian Electronics and Yuetian Commerce, and its business territory is very vast.

From Zhang Junfeng's point of view, if he and Leon John could cut one or two department stores from Yuetian Group, it would be a very good gain for them.

When the new president, Mr. Da Zhong, took office at the end of February, in order to boost the economic situation of domestic enterprises, he encouraged people to take out loans to stimulate domestic consumption. This also made these domestic department stores become "cash cows" and "cash cows" of enterprises in a short period of time, providing them with a steady stream of financial support!
(Note: In December 1997, Daejong competed with Lee Huichang and Lee In-ji. Daejong took full advantage of the unfavorable situation of the ruling party caused by the Asian financial crisis and vigorously established a new image of "economic president" and "prepared president" to successfully defeat his opponents. He will take office at the end of February 12.)
(End of this chapter)