Reboot the heyday

Chapter 3312 Financial War

Unbeknownst to Wang Taika, the financial war had already begun.

It was mentioned earlier that in order to take over Samsung, Lee Jae-yong sold Samsung Logistics Company at a low price, and Samsung Woolen Textile Company acquired it at a very low price.

This affected the interests of European and American capital, and Elliott Fund Management was the most annoyed, because the company originally wanted to take advantage of this opportunity to make a fortune.

Anyone familiar with American capital will have heard of Elliott Asset Management. This company controls $270 billion in assets. It is not the richest on Wall Street, but it is the most terrifying. The controller of the company, Paul Singer, is known as a "financial terrorist" and "the most terrifying investor in the world."

But for this Jewish American businessman, Samsung's greed really disgusted him. Long before Lee Jae-yong wanted to sell at a low price, Singh had already spent $6 million to increase his stake in Samsung Logistics to 7.12%, becoming the third largest shareholder. He then began to file an application with the court to prohibit the company from selling at a low price.

Lee Jae-yong is no pushover either. He immediately activated the non-circulating shares in his hands and sold them to another company for more than 6 million US dollars. This company is a shell company of Hyundai Group. He became the fourth largest shareholder and once again had the right to speak.

This is an old tradition of the chaebols, where several large chaebols hold shares in each other and help each other.

Singh again objected to the stock float this time. But soon after, the court dismissed all his applications.

At the same time, Samsung began to mobilize the media to promote the idea that "foreign capital is invading patriotic enterprises" in order to play the patriotic card and occupy the moral high ground. It also monitored Singh's movements.

It is worth mentioning that the people who monitored Singh were not Samsung, but professional agents from South Korea's national intelligence agency.

When the acquisition vote came, Samsung was finally completed. Lee Jae-yong took over Samsung.

Everything seems to be settled, but in fact it is not.

At this time, Singh, who was far away in the United States, saw Wang Taika through the video, just smiled and said, "I wonder if you have investigated the matter of the Five Elements killing clearly?"

Wang Taika felt a chill in his heart. Almost no one knew about this. It was almost the biggest secret he knew and one of the darkest places in South Korea. But now Singh had spoken of it lightly.

Singh was frank about this and said, "This is just the beginning. I am just a businessman, so let me explain it briefly. There is a core figure behind this matter, called the director."

Wang Taika was shocked.

Compared with American capital, his current investigation efforts really seem like a joke.

"Do you know who the director is?" Wang Taika asked.

Singh nodded, but did not speak directly. Instead, he said, "I need a temporary agent because there are some things I cannot do. I don't want to get involved in politics. But I can give you the evidence. No matter how you do it, the result will be the same."

Wang Taika was suspicious and asked, "The consequences of this matter are very serious."

"Yes, after the incident breaks out, it will probably cause a major shock to the entire political arena. Only in this way can I have the possibility of harvesting Samsung. And this is also the condition for cooperation with you. You can take this opportunity to bite off a piece of Samsung's meat."

Wang Taika's expression was solemn, he always felt that these things were like fairy tales.

Singh said, "You only have three minutes to think about it. I have many options, but you are the most likely to cause trouble and have some cooperation with the military, so I will look for you first for this good thing, that's all."

This is indeed the truth. What Singh holds in his hands is extremely terrifying.

After Singh found that he could not get the desired results through legitimate means, and discovered that the government and the chaebols were in collusion with each other, he decided to use the most terrible and dirty means.

Compared to looking for clues, doubts and the truth bit by bit from the bottom up.

Singh just worked from top to bottom, and although it was equally difficult, he soon found something big enough to subvert the entire Korean political and business circles.

Wang Taika recalled his relationship with Lee Jae-yong, his meeting with the little princess, what he talked about with Mr. Moon, the sect he talked about with A-Jiao, and his own situation, and realized that he actually had no choice. If he did not cooperate with Singh, he would still be passive. Only by taking the initiative to stand up and become a harvester can he avoid being harvested.

He really had no choice, the burden on him was too heavy. If he didn't find a way to take the initiative, then everything he had now would be a fleeting false prosperity.

"Cooperate, I will definitely cooperate." Wang Taika agreed.

Singh nodded with satisfaction and said, "There is a computer in front of the table. Open it and take a look. I don't think I need to teach you the rest. Goodbye."

The message hangs up.

Wang Taika found the laptop, opened it and started looking through the files inside. The more he looked, the more frightened and terrified he became.

"The principal, it turns out that she is a cover for being the principal of a kindergarten. Her real name is Choi Soon-sil?"

"She's a close friend of the female president? These documents, oh my god, are they forged?"

"Five Elements, is that so? No, Singer doesn't have to pay attention to all of this. After all, he doesn't need to pay attention to these."

After reading it once, Wang Taika realized the core problem.

In fact, the core issue is very simple, that is, whether the shareholders' meeting of Samsung Logistics will pass the resolution of "selling at a low price". Originally, Lee Jae-yong and Singh's shares were similar, and they were in a deadlock.

But the second largest shareholder of Samsung Logistics is a foundation of an official pension institution. This foundation has become a crucial vote.

In order to successfully take over Samsung, Lee Jae-yong bribed the president, and the target was naturally the female president. Then he put pressure on the foundation and the government ordered it to agree to sell it at a low price.

Because the foundation finally agreed to the fire sale, Lee Jae-yong took over the key Samsung Logistics. At the same time, the fire sale caused the foundation to lose more than 10 billion.

But the loss is the money of ordinary people, while both the government and Samsung make money.

Singer got this evidence. As a European and American capital, he doesn't care whether South Korea is turbulent or not. He even prefers turbulence, which allows him to short sell and acquire and make a fortune.

Before this, Singer had shorted the finances of many small countries, the most famous of which was Argentina, which directly caused the Argentine country to owe him a huge amount of US dollars.

Singer's fund sued Argentina in every country in the world that had Argentine assets, resulting in the seizure of many of Argentina's official assets.

  It even forced the Argentine president to not dare to take the presidential transfer plane when visiting abroad, and had to rent a plane. Because if the presidential transfer plane landed abroad, Singh could immediately pass a law and ask the court to seize the Argentine president's transfer plane to pay off the debt!

In 2012, an Argentine warship docked in Ghana. Singh's team obtained a legal injunction from Ghana and directly seized the warship.

This incident caused a huge uproar around the world! A capital company on Wall Street in the United States actually seized the military forces of a sovereign country and a complete warship!

From this incident, it can be seen that Singh is the embodiment of capital. He will trample on everything as long as he can gain benefits.

He has seized Musk's rocket, defeated Buffett in acquiring a company, and kicked Bush Jr.'s cousin out of the company he founded.

But in this matter, Singh is not wrong in essence, because Samsung itself is not in the right, and the South Korean government is even less in the right.

Simply put, it was two bad guys competing for interests. So what was Wang Taika afraid of?

Since it’s not just anyway, just maximize your own interests!

(End of this chapter)