The Son of Finance of the Great Age

  Chapter 614 Korean God of Wealth

   When Min Yu-sung arrived at Kennedy Airport, he received a presidential welcome.

  As the representative of the consortium that once again offered an olive branch to Leimen Brothers, the Korea Development Bank, which appeared at a time of besieged from all sides, is no different from the savior in the hearts of Leimen Brothers' senior management. The difference from the last time South Korea sent young people is that this time the president of the Development Bank of Korea, Min Yusheng, led a large number of high-level executives to New York to personally participate in the negotiations with the Leimen Brothers. It can be said to be full of sincerity.

  Jong-seok had already personally flown to Seoul before, giving the Korea Development Bank and Hana Financial a full warning. But two months later, the South Korean side contacted the Leimen Brothers again, but it was Min Yusheng who could not withstand the pressure from the Congress. Because a group of foreign investment banks headed by Zhao Jianhao conducted sufficient lobbying in the South Korean National Assembly, and there were even bribes among them, which made these lay members of Congress think that it is time for Korean capital to go out of the Han River and go global. So the Korea Development Bank, a symbol of South Korean capital, put pressure on it. Under such circumstances, Min Yusheng weighed again and again, and decided to put Zhong Shi's advice behind him, and began to contact the Leimen Brothers seriously.

   After all, his position as president of the Development Bank of Korea was not bestowed by Zhongshi.

  But Zhongshi is the major shareholder of Korea Development Bank after all. Although he is not a decisive shareholder, in order to show respect for the other party, he still informed Zhongshi of his decision, which also reflects his tact.

  In the end, the result of the game between Zhongshi and the South Korean side is: he will not interfere with the KDB and Hana Financial’s plan to acquire Leimen Brothers, but he needs to appoint someone in the negotiation team to supervise the negotiation process. As a shareholder, he has this power. After careful consideration, the South Korean side agreed to Zhong Shi's condition, so Jiang Shan followed him to New York.

   "Min, we meet again!"

  President and COO Herbert McDart received Min Yusheng. Like Dick Foud, he is also a meritorious veteran of the Raymond Brothers, second only to Dick Foud. Compared with Min Yusheng's face full of spring breeze, Herbert McDart's complexion is much uglier, not only added a lot of wrinkles, but even the bags under his eyes have increased a bit, making him much older than the last time they met. But the smile he showed was sincere from the heart, because Brother Leimen's endangered "life" was saved.

  Dick Foud did not show up because he lacked skills. He was in Omaha, Nebraska, where he had been for a week and longer. In order to convince Warren Buffett, he had to.

  But everything is developing for the better. On the one hand, the South Korean side is very sincere in the acquisition, and on the other hand, it is persuading the "stock god" to help Leimen Brothers. Two plans are carried out at the same time, as long as one is successful, the Leimen brothers will be saved.

   Facing his former boss, Min Yusheng’s feelings are a bit complicated. From the character who carefully listened to the other party’s reprimand, he suddenly became the “savior” who even flattered the other party. This feeling made him very happy. There was a bit of self-satisfaction in the immediate speech, "Herbert, my old friend, you have changed a lot, and Brother Leimen has also changed a lot."

Herbert McDart's face suddenly became embarrassed, but this expression only stayed for a second, and he was full of smiles again, "It is true, Min, everything has changed. But we are still friends, Isn't it?"

  He cleverly used friendship to resolve the embarrassment, but Min Yusheng didn't seem to buy it, and changed the subject with a whimper. A group of people greeted each other for a long time before getting into the luxury motorcade. The two parties agreed to start negotiations at the law firm tomorrow.

  …

"What are they doing?" Before entering the negotiating room, Jiang Shan asked inexplicably, "The absence of the person in charge of them in the end means that they are not sincere enough for this negotiation? I don't understand. Could it be that the market Are all the rumors false?"

  After a night's rest, most of the people were reluctant to reverse the jet lag. In order to let them get into the mood earlier, Min Yusheng asked them to come to Cromwell Law Firm half an hour earlier. Just when the others were still listless, Jiang Shan asked a very sharp question.

  Looking at a group of yawning people, Min Yusheng shook his head imperceptibly, feeling quite emotional in his heart, how good would it be if the person who asked this question was their own? It makes him a little sad that no one on his team asked such a question, but an outsider asked it.

I wanted to think about it, but Min Yusheng still replied seriously: "This is a specific negotiation skill. The 'absent person' is very important, and it is usually the CEO." At this point, he paused deliberately, serious Looking at the bewildered Jiangshan, "A deal that is about to be concluded, all the frameworks have been finalized, but when one party wants to use this as a threat to get more benefits, the other party can take this 'absent person' 'It is used as a shield to delay time. Because the overall situation is already determined, so long as there is a slight delay, this benefit cannot be realized."

"This is a famous Wall Street saying, and it is also a well-known unspoken rule." Speaking of this, Min Yusheng showed a complicated expression on his face, "They taught me all this at the beginning, but I didn't expect that it would be used on my head now. It’s kind of ironic, I have to say.”

  Jiang Shan nodded dumbly, and said nothing.

"Our real estate investment losses in Cleveland, Pittsburgh and Milwaukee were the most serious, but they were only about 50% of losses. In metropolitan cities such as New York, Los Angeles, Chicago and Houston, our real estate investments did not lose much, or even lost a lot of money. Some parts are profitable. This has to be said to be a small achievement, and I am quite proud of it.”

  After the meeting and negotiation between the two parties started, Leimen Brothers first introduced their current asset situation. The top priority is naturally real estate investment, because this part of the assets determines the total assets of Leimen Brothers. Mark Walsh, as the director of Rayman Brothers' commercial real estate market, briefed the South Korean side on this aspect.

  Mark Walsh's figure is not tall, but he is very muscular. The white shirt can't hide the bulging chest muscles. His neck is as thick as his head, which makes him look somewhat abrupt in the crowd. In order to let the Korean side understand the current situation of the real estate held by the Leimen Brothers, he and his colleagues made a PPT with more than 30 pages. After all the speeches were finished, it was almost noon.

"I want to know about your real estate in Houston." Min Yusheng asked calmly, "Just talk about the income in the past year. All we need is some basic data, such as the price when we bought it. Now The valuation of the market, how many properties are held in total, how long they are going to hold, etc. "

  Although Mark Walsh spoke in a hype, Min Yusheng still keenly caught a trace of panic in his eyes. He didn't point it out, but pretended to throw a question casually, a question within the scope of Mark Walsh's business.

   Sure enough, after Min Yusheng asked this question, the panic in Mark Walsh's eyes became more obvious. He was stunned for a while, and then pretended to be suddenly enlightened, and replied with a forced smile: "That's right, Mr. Min, I think it's getting late. Why don't we have lunch first, and I will answer you in detail after lunch." The question, I don’t know if this is okay or not?”

  Min Yusheng's heart tightened, but the smile on his face remained unchanged. After nodding his head, he muttered to Zhao Jianhao beside him: "I suspect that this guy is not prepared for anything, it is too perfunctory."

  He said this sentence in Korean, and the senior Leimen brothers across the conference table couldn't understand what they were discussing at all. However, from Zhao Jianhao's instantly gloomy face, they could still deduce the general content. Everyone stood up and walked outside, but most of them were in complicated moods, so that they couldn't taste what lunch was like.

  Among this group of people, Zhao Jianhao is undoubtedly the one with the most embarrassing identity: First of all, as the CEO of Leimen Brothers Korea, he must be on the side of Leimen Brothers. However, people from Korea Development Bank and Hana Financial hired Leimen Brothers Korea as the financial advisor for this transaction, making them the Korean side again. Therefore, he was in a dilemma for a while between the two parties.

  If he was just an ordinary employee in South Korea, Zhao Jianhao would definitely not have similar troubles. There are many cases where subsidiaries act as financial advisors to acquire parent companies, and it is not uncommon for subsidiaries to acquire parent companies. But Zhao Jianhao's position in South Korea is unique, and the connection with the New York headquarters is tied to him alone. Therefore, at this point, he can only bite the bullet and help the Korea Development Bank to make suggestions.

   Fortunately, so far, none of the Leimen Brothers' senior executives have used Zhao Jianhao to inquire about the news, which secretly relieved him of a lot of pressure. He has already made up his mind to stand firmly on the side of the Development Bank of Korea this time, because he may not be able to make a living in Wall Street, but he will definitely be able to make a living in Seoul.

   However, the gloomy face just now clearly sent a signal to the senior management of Leimen Brothers, and he was sure that the other party also caught this signal in time.

   After a short break after lunch, the two sides continued to negotiate.

   "Okay, Mr. Min, let's continue the topic of the morning." Mark Walsh is now full of confidence, his face bursting with confidence, "About our investment in Houston..."

"Wait!" Min Yusheng interrupted his narration in time, and he said slowly, "I don't want to know about the investment in Houston now. I want to know about the real estate investment of Raymond Brothers in Chicago. I don't know if I can Can't?"

  Mark Walsh was immediately at a loss for words.

He hadn't eaten at all during lunch just now. He had been preparing the investment data of Leimen Brothers in Houston. In the meantime, where can I think of it again?

   In fact, it’s not just a problem that can’t be remembered, but these data are too bad, so bad that Mark Walsh doesn’t have the heart to pay attention to them. For Min Yusheng's sudden change of mind, he was a little resentful, but more of a sorrow. Because he found out that his little trick was discovered.

   And no one from Leimen Brothers stood up to smooth things over for him. At this time, he could only bear the consequences. He hesitated for a long time, and finally had to admit: "Sorry, Mr. Min, I can't provide you with these data for the time being. But give me a while, and I will submit the complete data to you."

"No need!" Min Yusheng was still expressionless, but his words were not addressed to Mark Walsh, but to Herbert McDart with a livid face on the other side, "I think in this case It is not suitable for negotiation, and we should prepare as soon as possible to avoid similar situations from happening again."

   On the first day of negotiations, the two parties broke up unhappy. However, so far, both parties are still in the initial contact stage and have not shown their hole cards, so the negotiations will continue.

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  (end of this chapter)