Chapter 535 The $12 billion Daewoo Acquisition
When Jin Yuzhong heard this, he was silent, in fact, he knew that Lin Cheng was right, the reason why European and American car manufacturers were interested in buying Daewoo Motors was completely to take advantage of the fire to rob and achieve the purpose of acquiring Daewoo Motors at a low price. X
In this way, they can reduce one competitor and add another car brand, which is simply killing two birds with one stone, but the loss is Daewoo's interests.
But Lin Cheng is different, Lin does not have an automobile industry, if Lin Cheng acquires Daewoo Automobile, he will definitely buy Daewoo's entire automobile industry department together.
Moreover, Lin Cheng also guaranteed cash payment, and Jin Yuzhong has also confirmed that Lin Cheng has the ability to pay, and if Daewoo Motors sells to Lin Cheng, it will definitely be more in line with Daewoo's interests than selling to European and American car companies.
Lin Cheng saw that Jin Yuzhong had already moved, and made persistent efforts: "Chairman Kim, the debt of Daewoo Group was 15 billion US dollars the year before last, 50 billion last year, and an appalling 80 billion this year.
But are you willing, Chairman Kim? You have worked hard to create the Daewoo Group and become a hero and idol sought after by the Korean people, and if you abscond with the money, I am afraid that the inner torture will be even more uncomfortable than the actual prison.
But if you sell Daewoo Motors to me, it won't take long for you to get a life-saving $5 billion, pay off a part of the high-interest loan, and then invest some money to keep the business running.
If you still don't think it's enough, I also have a shipping company under my umbrella that can place a billion-dollar shipbuilding order for Daewoo Shipbuilding, as long as there is an order, it means that Daewoo Group still has the ability to repay.
If we can get lucky enough to survive the end of the Asian financial crisis, the South Korean government will definitely introduce a bailout policy, as the second largest enterprise in South Korea, the policy benefits that Daewoo can distribute will definitely be very considerable, and the day of Daewoo's comeback will not be far away!"
Jin Yuzhong was obviously moved, but after thinking about it, he shook his head and said: "Five billion dollars is still too little, and the debt of eight billion is only a drop in the bucket, far from enough." If Lin Sheng can pay 8 billion US dollars, I will agree to sell, and I will ask you to pay half of the deposit for the 1 billion order of Daewoo Shipbuilding. ”
Lin Cheng replied: "Daewoo Motors is only worth five billion US dollars, and Daewoo Shipbuilding's order can be increased to two billion US dollars, and I agreed to the request to pay half of the deposit." ”
Jin Yuzhong shook his head: "Seven billion US dollars, two billion shipbuilding orders, pay half of the deposit." ”
Next, the two had a verbal argument over the purchase price of Daewoo Motors, and no one let anyone.
In the end, Lin Cheng pondered it for a while and made the final condition: "Chairman Jin, this is my last offer, if it doesn't work, pull it down."
The purchase price of Daewoo Motors is still US$5 billion, and the shipbuilding order remains unchanged, but Lin's Bank can borrow US$5 billion from Daewoo Group at the lowest interest rate, and Lin's Bank will not pursue the loan from Daewoo Group for five years. ”
"Is this ......" Jin Yuzhong pondered Lin Cheng's final condition, and his head fell into the battle between heaven and man.
Lin Cheng continued: "In fact, the Asian financial crisis has now come to an end, and it should be completely over next year.
As long as you publish this good news, it will definitely restore the confidence of the Korean government, bank creditors and consumers in Daewoo Group, and the South Korean government's bailout funds will definitely be indispensable to Daewoo.
The South Korean government's support for the chaebol is really outrageous, if it were not for Daewoo's later debts reaching as much as 120 billion US dollars, and Kim Woo-jung fled to the Japanese country, making the South Korean government a high-debt receiver of the Daewoo Group, maybe the South Korean government would have tried desperately to save the Daewoo Group.
For example, Samsung Group also suffered a bankruptcy crisis, and the South Korean government blatantly injected $20 billion into Samsung Group, which pulled Samsung Group back from the brink of bankruptcy.
The funds provided by Lin Cheng, including purchases, loans or orders, totaled $12 billion, although it could not pull Daewoo Group back from the brink of bankruptcy at once, but it was enough for Daewoo Group to survive until the end of the financial crisis.
After the end of the financial crisis, as long as Daewoo Group can obtain the South Korean government's bailout funds and preferential policies, then the revival of Daewoo Group's salted fish is not just talk, but a very likely thing.
And don't underestimate the strong patriotism of the South Koreans, the reason why South Korea became the first country to come out of the financial crisis after the Asian financial crisis in the previous life is that the strong patriotic will of the Korean people is absolutely attributed.
At the time of the outbreak of the Asian financial crisis, South Korea suffered no less than the Southeast Asian countries, and in order to survive the crisis, South Korea opened its door to European and American capital, not only politically becoming a vassal of US imperialism, but also economically countless large enterprises were carved up by European and American capital.
After the South Korean government signed a series of harsh conditions comparable to the Treaty of Shimonoseki, European and American capital was ready to carve up South Korea's economic achievements.
However, under the call of the South Korean government, all the people of South Korea would rather eat bran and eat their own vegetables than keep their national capital.
Countless South Koreans have used dollars, foreign exchange and gold jewellery that they have stored for many years to buy goods from their own companies, and enterprise workers have even asked their bosses for wage reductions to stay along.
In this way, the South Koreans finally became the first country in Asia to emerge from the financial crisis by virtue of their unity, and later directly gave birth to the behemoth of the Samsung empire.
On the other hand, in Southeast Asian countries, in addition to Singapore, which is still worth seeing, in 2017, when Lin Cheng was reborn, he still did not slow down.
For example, Thailand, which vowed to replace Hong Kong as an international financial center before the financial crisis, will have nothing to see in the future except elephants and shemales.
Jin Yuzhong thought about it for a long time, and finally in Lin Cheng's expectant gaze, he lowered his head emphatically, stretched out his palm to Lin Cheng, and said, "Mr. Lin Cheng, just take the last condition you said, and make a deal!"
"Hoo ......"
Lin Cheng breathed a sigh of relief in his heart, Daewoo Automobile was about to fall into his pocket, and his biggest purpose of coming to South Korea had finally been accomplished.
"Chairman Kim, it is a pleasure to work together, and I look forward to the next cooperation between us. Lin Cheng and Jin Yuzhong's hands clasped tightly together and said sincerely.
"Happy cooperation! Mr. Lin Cheng, in fact, I still have a reluctant request, I hope that Daewoo Group can reach a strategic partnership with Mr. Lin Cheng's Lin Group and Lin Holdings, noncommittal?" Jin Yuzhong said sincerely.
Lin Cheng looked directly into Jin Yuzhong's eyes, nodded heavily, and said, "I can't ask for it!"