Reborn as the youngest son of a chaebol, let's get to know his sister-in-law!

Chapter 402 Successfully obtained Shunyang Credit Card!
Blue House.

Except for a few officials, no other personnel are allowed to enter the conference room attached to the ZF office building that was completed in December last year.

Today, they stand at an important crossroads, and the decisions they make will determine the success or failure of the new government's governance.

If something goes wrong with the decision discussed at today's meeting, then in the next five years, or even forever, it will become a typical case of the new president's forced financial policy and its failure.

And the bad effects don’t stop there.

The business community will seize the opportunity and fight back, claiming that the government's immature operations destroyed a normally operating company.

In the future, if the new president wants to impose any inspections or sanctions on the chaebol, he will be resisted.

The Deputy Minister of Finance and Economy of the Government, the Chief Senior Secretary for Economic Affairs at the Blue House, and the Director of the Financial Supervision Bureau all looked displeased when they were well aware of this fact.
Of course, there are also people who are just as nervous as they are waiting for this financial reform plan.

That is the creditor of Shunyang Credit Card.

They are afraid that their funds will be wasted.

Relevant executives of Shunyang Credit Card's short-term liquidity finance and investment company were also summoned to attend this meeting, and everyone felt that the situation was not good.

When the government imposes sanctions, their bonds will be worse than toilet paper.

However, the only person who seemed out of place in the conference room was Zhuri's representative Jiang Shengyu.

He plays the role of a white knight, taking over insolvent companies and putting them on the right track. At this time, he is the savior!
Others just thought it was related to finance and Jiang Shengyu was just here to make soy sauce.

"First of all, I want to thank everyone for taking this difficult step. Regardless, I hope that today's meeting can discuss meaningful results."

"There are still 18 hours left before Shunyang Credit Card is suspended. The best result is to cancel the suspension, and the second is to shorten the suspension time as much as possible. The worst case is bankruptcy."

As soon as the government officials finished speaking, Shunyang's credit card creditors began to complain.

There was a commotion on the field.

"I believe the government will not ignore our funds and there must be a good solution."

"In fact, we should at least have been informed of this emergency measure before it was announced. This would have made us suddenly and unprepared!"

After listening to their complaints, the director of the Financial Supervision Bureau slowly spoke:
"I want to emphasize here that even when private individuals borrow money, they will think about how to recover the principal in a reliable way. Everyone here, you are not borrowing money from the National Bank. The reason why you borrowed money in the first place is not Are you just interested in the golden name of Shunyang Group?"

Seeing that the director could not say anything good, the faces of the senior financial officials became serious.

Many people suddenly realized that the policies discussed today may not be beneficial to them as creditors.

"When you borrow money, you hope that the interest rate will be as high as possible. Even if others don't need the funds, you will lend them out in every possible way. However, the country does not receive a penny from your transactions, whether before or after the loan. Why, Now that there is a problem and you want to find us, does the government still want to play a role in helping you collect debts? But what I mean by this is not that we don’t want to be responsible, but to choose a better way."

The director's speech showed the government's clear attitude.

In any case, the financial sector should bear the losses caused by the Shunyang credit card crisis, but they will find ways to minimize the damage.

Suddenly, everyone shut their mouths. At least the result was not bad, and many people lowered their eyes.

"Okay, you'll have plenty of time to lecture me in the future, so let's get straight to the point."

Cheong Wa Dae's chief economic secretary looked at Jiang Shengyu and said.

"Today, the people gathered here must decide two things within 18 hours. First, what to do if those malicious consumers cannot pay the money in their cards? Second, how satisfied are you with the financial sector officials here? How much? There are notes beside you that you can use to score. Next, let’s ask Zhuri’s representative Jiang Shengyu to share his views.”

Many executives in the audience began to whisper.

"If I can take over Shunyang Credit Card Company, I will be responsible for all short-term bonds in accordance with the government's requirements, but the proportion will be reduced accordingly. The director also said just now that we cannot be responsible for all debts."

Jiang Shengyu took a break and smiled.

"I believe everyone knows that the government's will is firm. If it refuses to take over Shunyang Credit Card every day, then the short-term bonds of Shunyang Credit Card you currently hold will be cleared. As long as you are willing to make certain concessions, I believe we will be able to Prevent such a disaster from happening.”

If it is the same as before, everyone will sneer at reducing debt repayment funds and ignore such remarks.

But today is different from the past. Everyone took a breath and exchanged glances with each other.

Five years ago, the International Monetary Fund made a clear request.

That is, a bank that is considered rock solid may fail due to external influences.

This means that in times of crisis, don’t take chances.

Of course, banks will not collapse to the extent like Shunyang Credit Card, but bad debts will continue to pile up in the future.

An insolvent credit card company will cause the market to abandon it instantly.

Many investors are already starting to withdraw their capital.

In order to restore market confidence and reassure them, it is the responsibility of the executives attending this meeting.

"Our request is very simple, which is the operating rights of Shunyang Credit Card, and the final decision will be made through the results of today's meeting. If the result is satisfactory to me, I will buy back the shares of Shunyang Credit Card in the stock market tomorrow, and then, by obtaining With more than 40% of the shares, he became the largest shareholder.”

Jiang Shengyu looked at all the people attending the meeting and showed confidence.

"One more thing, if the creditors perform better, I am willing to take over the shaky Great Britain Credit Card. I know that you are not only investors in Shunyang, but also Daying. I hope this good news can help everyone make a decision."

Jiang Shengyu did not hide his desire for Daeying Credit Card Company at all.

"Sorry, this happened so suddenly, we need to leave for a while."

Several financial executives bowed their heads slightly, took their mobile phones and left the conference room.

As soon as they left, the senior secretary in charge of economics said what he was holding back. Although his voice was low, his curiosity was beyond words.

“Oh, Representative Jiang, are you telling the truth?

"What do you mean?"

"Didn't you buy the shares of Shunyang Credit Card? Why are you still talking about buyback? I don't understand."

Blue House does not want Shunyang Credit Card to go out of business.

He was thinking that if he solved the bond issue today, he would immediately hold a press conference to announce that he had solved the Shunyang credit card crisis, instead of shutting down business 18 hours later. This would also be a huge highlight in the early days of his administration. "

But the premise is to acquire Shunyang Credit Card every day.

The final result was that Zhuri, who had not yet gained management control, was not eligible to attend the meeting.

Jiang Shengyu smiled: "I forgot to tell you, we already have 42%."

"what…!"

"Look at these acting guys. They have already given me stocks privately, and they still pretend to be anxious on the surface. Isn't that interesting?"

Jiang Shengyu pointed to the people in the conference room.

"I will do my best to normalize the acquired credit card companies, but I cannot bear all the losses alone. Those who spend money on luxury goods or go to nightclubs to enjoy themselves during carnivals will not be able to pay back the money later. He should also be held accountable, sir."

Looking at the chief economic officer, Jiang Shengyu raised the corners of his mouth.

"Responsibility does not mean that companies should bear losses from a moral perspective. I personally think that those people who work hard will only reflect on their money and have a sense of responsibility in the future."

Jiang Shengyu's sarcastic words brought everyone back to their senses.

It’s not just the financial sector that’s shouldering the financial responsibility, it’s also ordinary consumers who are on a card-swiping spree.

"Um, Representative Jiang, what are you going to do with the guy who pays his credit card overdue?"

“Will the government forgive the debt?”

"No, there is no plan for that yet."

"If the government doesn't intervene, we will take care of it, prosecute when it's time, pay back the money when it's time, you don't have to worry."

Cheong Wa Dae's chief secretary for economic affairs looked puzzled.

It is also a burden to prosecute so many debtors.

"Are you considering selling bad debts? I know there is a company in H City that specializes in this area."

Companies that specialize in this area are so-called "debt collection" companies.

They only have to pay an average of 20% to 30% to buy bad bonds that credit card companies, commercial banks, mutual savings banks and installment finance companies have given up collecting.

They then mobilize people who specialize in debt collection to pressure debtors to the level of private moneylenders to recover their money.

These are the heydays of these debt collection agencies.

The number of credit defaulters in South Korea is close to 300 million. Credit card companies have already treated 4 trillion won in bad debts as losses, and more than 2 trillion won will be treated as bad debt losses in the future.

A total of 1 trillion won in personal credit debts below 44.7 million won are overdue, and the overdue amount of savings banks and installment payment companies alone exceeds 4 trillion won.

In 2003, the Great Cold Underworld will usher in mourning everywhere.

"That's for sure. Shunyang Credit Card's own debt collectors alone can't solve the problem. I don't want to lose even one dollar in this transaction."

This means that if the financial sector holding short-term bonds determines that the recovery rate is 30%, Jiang Shengyu will sell all overdue amounts at a price of 30%.

"Shunyang Credit Card is just the beginning. There are eight other credit card companies that are risking their lives to fight credit defaults. They just have different levels of risk. If the current government makes bold decisions, they may survive. .”

Jiang Shengyu said looking at the confused expressions on the officials' faces.

“If we think about the next election and implement a policy that helps defaulters, they will be grateful and as responsible as the man responsible for the trillions of dollars in arrears.”

Just when everyone was hesitant, people from the Financial Supervision Bureau entered the conference room one after another.

Seeing their expressions, it seemed that the terms had been negotiated, so Jiang Shengyu spoke first.

"Please prepare the contract. Time is running out. I will complete all the requirements in the terms."

When Jiang Shengyu jumped up, the director of the Financial Supervision Bureau asked:
"What exactly? You should tell me how you negotiated."

"Sorry, this is a secret between companies, you don't need to know, just wait for good results."

The director of the Financial Supervisory Authority looked embarrassed for a moment.

He hurriedly lowered his head and pretended to read the document to cover up his embarrassment.

"We will resume normal Shunyang Credit Card services within 48 hours, okay?
Jiang Shengyu, who was about to leave the conference room, turned back.

"Oops, I forgot something."

He came to the chief economic officer and whispered in his ear.

"Please take a good look at how I sort out the Shunyang credit card. If you are satisfied with the results of our processing, please help me keep the British credit card. I am very interested."

Seeing Jiang Shengyu's weird behavior, the chief economic officer was stunned. He didn't expect that the other party had such a big appetite.

The question is, does Zhuri really have so much money?
When Jiang Shengyu came looking for him with the documents.

Chen Dongji read the documents in front of him several times, with a look of decadence on his face, but said nothing more.

It's over, it's useless to talk about it.

"I came here to convene a shareholders' meeting. In fact, the only thing that changed at today's meeting was the relationship between you and Shunyang Credit Card."

Jiang Shengyu's voice was devoid of any emotion.

There is no arrogance of a winner, no apology for robbing the company, it is dry and dry.

"Then why did you bring this to me? Didn't you own the controlling stake? The Financial Supervisory Authority also agreed. You don't even need to tell me about this kind of thing. You just need to ask the secretary to inform me."

Chen Dongji said angrily.

"I want to negotiate something."

"Meeting? Didn't you just say that I will no longer have contact with Shunyang Credit Card?" "There is only one thing left. How about cooperating with me?"

"what?"

Chen Dongji's upper body bounced like a spring.

What does it mean?
"As you know, we will not carry out major operations on Shunyang Credit Card Company. For employees, they are just like ordinary people. What does it matter who becomes the emperor? As long as food and clothing remain unchanged, they don't care who the major shareholder is. Woolen cloth."

Chen Dongji's eyes lit up.

"Does that mean there won't be changes in management?"

"I want to avoid a major blood change. The company's current business situation cannot withstand the hardship..."

Chen Dongji thought for a moment and then raised his head:
"Then what does joining forces with me mean?"

"Shunyang Credit Card Company, don't you own 7% of the shares of Shunyang Group? Give me the voting rights for that share. I don't want the shares, I just want the voting rights."

"Does this mean the stocks are still mine, and I am just authorized to vote for you?"

Chen Dongji swallowed, if that was the case, it wouldn't be a bad idea.

In fact, now that it's reached this point, he can't hold on.

"Why are the conditions so good?"

"I am a major shareholder. The stability of the company is more important than taking risks. Only a stable company can usher in healthy development."

"Oh, representative. But"

"My opinion is not negotiable. Instead, you just have to agree or disagree."

Chen Dongji lowered his head silently. It seemed that he had no choice.

Jiang Shengyu looked at Chen Dongji who just nodded weakly and smiled.

"Then, please inform Shunyang Credit Card management of this matter and ask them to cooperate."

Chen Dongji, who was about to stand up, asked Jiang Shengyu a very important question.

"What is the identity of my nephew in Zhuri?"

He couldn't even finish the hidden meaning.

He actually wanted to ask whether Chen Daojun was the largest shareholder.

"Are you talking about Dojo? He invested a lot of money, and the shares are not sensitive. Why do you ask?"

"never mind."

Jiang Shengyu said with a smile.

"Don't worry, Daojun pursues being different and has different goals."

"What is his goal?"

"I don't know, I don't know the specifics, but he definitely has a bigger goal than the chairman of Shunyang Group, haha."

Jiang Shengyu left without saying anything.

Chen Dongji stood up after sitting idle for a while.

Finally handed over the hot potato.

Now he must seize the opportunity.

He came to the Shunyang Credit Card Representative Office to handle the work at hand.

Cold country news.

The host is delivering the morning news enthusiastically.

"The Shunyang Credit Card incident, which has made the business community very nervous, has been successfully resolved. The Ministry of Finance and Economy announced that after a full day of marathon meetings, officials from the government, financial sector and Shunyang Credit Card reached a remarkable agreement.

At this point, all Shunyang Credit Card services, which have been suspended for more than two months, were officially launched at midnight today. "

"Oh, that's impossible, how did he do it?"

After the news of the normalization of Shunyang Card came out, Chen Rongji's eyes widened in disbelief.

As soon as the news broadcast ended, he pressed the phone.

"Come in quickly!"

Chen Rongji, who was walking around the office, waited until his subordinates came over and shouted angrily:

"You bastard! What's going on with Shunyang's credit card? Why didn't you report it to me?"

When his finger pointed at the TV, the director quickly replied:
"I'm investigating now."

"Snapped!"

Chen Rongji slapped him with his backhand.

The latter covered his face and fell to the ground due to the loss of gravity.

"Go check it out right away? Things have already happened, why are you still here?"

"I'm sorry, President."

“Whether it’s the Cheong Wa Dae or the Ministry of Finance and Economy, investigate quickly!”

When Chen Rongji lowered his head and walked out, he glared at the director, remembering that Chen Dongji could explain all this.

When he arrived at Shunyang Credit Card Company, he opened the door and shouted:

"Dongji!"

Chen Dongji rolled his eyes, his elder brother was really not polite at all.

"Hey, let me say, can you knock on the door?"

Chen Rongji ignored his complaints: "Hey! What happened?"

"what?"

"Shunyang Credit Card! What did you do? Who did you find to help you?"

"Why does it sound weird? I got through this, shouldn't you congratulate me?"

Chen Rongji continued to press:

"Stop talking nonsense, tell me how your service has returned to normal!"

"After solving the liquidity problem and clearing all debts, our services have returned to normal. Isn't it normal? To do this, we can just sell stocks."

"Huh? Have you sold all your shares?"

Chen Rongji swallowed his saliva and asked in disbelief.

After handing over the Shunyang Credit Card shares, will I have a chance to get the 7% of the group shares soon?

No one dares to use Shunyang's shares to acquire Shunyang Group.

The most expensive equity in Han State is the controlling interest in Shunyang.

Chen Rongji feels that everything can be discussed, it just depends on how much price he can pay.

"No, a rich man took over Shunyang Card, and that equity is no longer in my hands."

Chen Dongji grinned, as if he was laughing at his brother.

"When the stock price fell below 1000 won, they acquired all the shares circulating in the market and all the shares of institutional investors until they exceeded 42% of the shares. So instead of saying that I sold the company, it is better to say that it was because of others. You’re welcome, please ask me out.”

Chen Rongji bit his lip, he regretted it a little.

When Chen Dongji asked him to buy plummeting stocks and get the Shunyang Credit Card in time, he still wanted to wait until bankruptcy or a lower position to take over.

I didn’t expect this guy to be so decisive!
If I had known earlier, I would have charged the premium!
"Have you handed over all your shares in Shunyang Credit Card?"

"No, the shares of Shunyang Credit Card held by Shunyang Heavy Industry remain unchanged. Now everyone knows that the company has come back to life and the stock price is going to rise. Why should I sell? When it returns to the previous level, I will sell it again. Isn’t it more profitable?”

Chen Dongji sneered, did he think he was taken advantage of?

Now that you have the benefits, you want to take advantage of it?

How can there be such a good thing in the world!
"Who is it? Who did you sell it to?"

Chen Rongji suddenly grabbed his brother's hand, his eyes shining with a piercing light.

That's the point.

who is it?

He desperately wanted to know who had snatched the Shunyang credit card from under his nose!

"He has just obtained shares and has money. You can't guess it."

"So, who is he?"

Suddenly, a deep voice came from behind.

"I heard you were looking for me?"

When Chen Rongji turned around, he saw Jiang Shengyu's smile.

"Ah, why are you here?"

Chen Dongji jumped up from his chair to greet him.

"I've been here for a while. Well...I'm sorry, I accidentally overheard the conversation between you two."

"He rushed in without even closing the door. It's normal for you to hear it. It doesn't matter."

Chen Dongji glared at Chen Rongji, who was still surprised and couldn't close his mouth.

"Representative Jiang, is that you?"

"Yes, I am Jiang Shengyu, the largest shareholder of Shunyang Credit Card."

Seeing Jiang Shengyu gently nodding in recognition, Chen Dongji became even more speechless.

The new owner of Shunyang Credit Card is Jiang Shengyu, which is a much more serious problem than the problem of Shunyang Credit Card returning to normal.

Jiang Shengyu has money and is not afraid of Shunyang's power.

The key is that he is still with Chen Daojun.

"We still have something to talk about. Let's talk about it next time."

Just as Chen Rongji stared blankly at the two people leaving the room, Jiang Shengyu suddenly turned around.

"Vice President Chen Rongji."

"I have some matters related to repayment and I want to communicate with you. Do you have time later?"

(End of this chapter)