The youngest son of the chaebol family, Hu Mou Xianmin

Chapter 39 The Aggrieved Hanjin Group

The next day, Minister Jin of the Hanjin Group officially visited Miracle Investment Company on behalf of the group and asked Miracle Investment Company to stop negotiating with the bank and obtain proxy voting rights.

However, in the face of the other party's unreasonable demands, Wu Shixian said indifferently, "It is our business to discuss cooperation between Miracle Investment Company and the bank. Does this have anything to do with your Hanjin Group?"

"Don't you have any other skills besides threatening others? It seems that I overestimated the Hanjin Group."

Minister Jin did not expect that the president of Miracle Investment Company, who was much younger than him, would have such a tough attitude and did not give Hanjin Group any face, which made him quite annoyed.You must know that he made a swearing promise before coming, and he will definitely be able to persuade Miracle Investment Company to quit.

"I suggest you think carefully. In Bangziguo, the strength of our Hanjin Group..." Before Minister Jin could finish speaking, Wu Shixian interrupted him first, "If you want to talk about the strength of the company with me, don't Sorry, I don't have time to listen to your bragging! I'm not interested in the status and influence of your Hanjin Group in Bangzi Country. And if you have any objections to Miracle Investment Company, you can go to Wall Street in Beautiful Country. It's hard to say whether I can meet my boss!"

Wu Shixian's words made Minister Jin completely embarrassed. He thought he could use the strength of the Hanjin Group to scare the other party away, but Wu Shixian actually moved Wall Street out. Good guy, this is too shameless!These days, who dares to challenge Wall Street in the beautiful country!
The last Sun Country that dared to clamor to buy the whole of New York was ruthlessly crushed by the "iron fist of justice" of the Beautiful Country in 1985, and it has not yet recovered.Although their Hanjin Group is strong, it is only on the three-acre land of Bangzi Country.Even the Toshiba Group, which was sanctioned by the beautiful country a few years ago, is much stronger than their Hanjin Group!

Minister Jin's silence boosted Wu Shixian's self-confidence even more, "If you have nothing else to do, then this is the end of today's conversation. I have other things to deal with, so I won't accompany you." Then he stood up gracefully, calmly After leaving the conference room, only Minister Kim and his entourage were left in the conference room in a daze.

……

When Zhao Zhongxun heard the report from his subordinates that Miracle Investment Company had acquired 26% of the shares of the shipping company, and those newspapers that came out to slander their airlines were also instructed by Miracle Investment Company, Zhao Zhongxun directly spewed out With a mouthful of old blood, he was so angry that he fell into a coma.

Suddenly, the entire Zhao family and the top management of Hanjin Group fell into panic.In the Hanjin Group, except for the chairman Zhao Zhongxun, his son Zhao Liang and daughters Zhao Xian'er and Zhao Xianmin are all mediocre people. Although they are ambitious, they have limited ability and cannot provoke the leader of the group.

A group of people panicked and sent Zhao Zhongxun to the hospital for treatment, and the others ran around like ants on a hot pot, but there was no way or action.

……

The news of Miracle Investment's acquisition of the shipping company under the Hanjin Group was quickly known to other chaebols in Bangzi Kingdom.Daying Group, Shunyang Group, Letian Group, SK Group and other high-level executives were shocked by the sudden news.

None of them expected that a miracle investment company focused on investing in the financial and real estate fields would open its mouth wide at this moment, and even directly bit the main artery of the Hanjin Group.

But none of them extended a helping hand to the Hanjin Group, and no one would rush to an investment company with a Wall Street background for a chaebol with no interests. It is more in their interest to sit back and watch the tigers fight.

……

After Wu Shixian got the news that Zhao Zhongxun vomited blood and was hospitalized, he even accelerated the progress of negotiations with other banks. He did not take the opportunity to fall into trouble, and completely won the decision-making power of the shipping company's shares. I am really sorry for such a godsend opportunity!
When the executives of KB Bank and Hanjin Holdings heard the news that Zhao Zhongxun was hospitalized, and Wu Shixian came to visit at the right time, their positions were obviously not as firm as before.When Wu Shixian presented the proof of 26% of the shares of the shipping company, he immediately got cold feet and defected.

In their view, Miracle Company, which holds 26% of the shares, and 8% of Woori Holdings, as long as they get another 17% share authorization, Miracle Company can really obtain the management right of Hanjin Shipping Company!And their two banks hold exactly 18% of the shares, which meets this condition.

When the president of Han Jin Holdings Bank asked Wu Shixian what benefits they could get, Wu Shixian laughed, very happy!
"Our Miracle Investment Company is best known for its investment and strong cash flow. I can make you a promise that when your bank has funding problems, our Miracle Investment Company is willing to help you."

"...Haha, are you sure you're not joking?"

"Your Excellency must also know how terrible the debt ratio of the chaebols in Bangzi Country is now? In case of a financial shock one day, do you think there will be problems with their funds? They will still be able to repay the debt they owe to the bank. Is it a huge loan? If a large number of people flock to the bank to withdraw money, will you be able to deal with it?" Wu Shixian said meaningfully.

As soon as this remark came out, the originally arrogant president of Hanjin Holdings Bank burst into a cold sweat instantly. If Wu Shixian hadn't mentioned this matter suddenly, he almost ignored the fact that those big chaebols in Bangziguo are hiding such things under the crazy expansion. Hidden danger, if the thunder explodes, the consequences will be unbearable...

------Dividing line--------

A week later, Miracle Investment Company initiated a general meeting of shareholders as a major shareholder, proposing to elect a new company president.When the news came out, the executives of the Hanjin Group were even more panic-stricken, and the vice-chairman Zhao Liang was even more livid.

He never imagined that those bank presidents who had been on good terms with him in the past turned their backs one after another and directly cheated them.Judging from this posture, I am afraid that this time the shipping company's management rights may not be guaranteed.

Fortunately, the old president Zhao Zhongxun regained consciousness under the rescue of the doctor, and his condition has recovered fairly well in the past two days.But when his son Zhao Liang told him the bad news.Zhao Zhongxun's complexion became ugly, but he never said a word.

After a while, Zhao Zhongxun said, "You can contact Shunyang Group and Daying Group to see if they can give us a hand. As long as we get enough funds, we will go to those banks and persuade them to vote for us. We, we still have a chance!"

Although the scheming Zhao Zhongxun didn't know how Miracle Investment Company persuaded several banks, he presumably used benefits to induce the other party to agree to entrust the voting rights to them.As long as the benefits offered by the Hanjin Group are higher than theirs, those fools will definitely choose to cooperate with them again!

"...Father, will those guys really help our Hanjin Group?" Zhao Liang asked suspiciously. In his opinion, the group of old foxes were better than each other. None of these guys had such a big incident in the Hanjin Group. The bubbling ones are probably waiting to see their Zhao family's jokes, right?
"...Do we have any other solutions? Their Miracle Investment Company is coming aggressively, and behind them is the beautiful Wall Street. If we don't ask those old guys for help, we won't be able to keep the cold gold shipping." Zhao Zhongxun couldn't help sighing, After waking up, he carefully recalled the information he had obtained, and suddenly found that this miracle investment company was not only clever in means, but also rich in funds. It was able to spend so much money to acquire a large number of shares in Hanjin Shipping.

Facing such a strong enemy, if they don't quickly find foreign aid to reverse the unfavorable situation, then at the shareholders meeting, losing the right to manage is already a certainty.

(End of this chapter)