Chapter 538: Spirited, Blood Descends
Today is an extraordinary day, as the most important automotive division of the Daewoo Group is about to leave the arms of the Daewoo family. οΌΈ
In the conference room of Daewoo headquarters, the field was gloomy, and when Chairman Kim Woo learned the news that Daewoo Automobile would be acquired by Chinese, Lee Jae-wook, president of Daewoo Automobile Company, couldn't help but hold his head and cry, which filled the venue with a sad atmosphere.
"Chairman Kim, we Daewoo Motors didn't do anything wrong, why did we get such an ending?" asked Lee Jae-wook with a sob.
Lee Jae-wook's question can be said to be extremely unreasonable in the strict hierarchy of South Korea, but Kim Woo-jung didn't care, but patiently answered: "President Lee, colleagues, you may already know that the group is in a debt crisis, but you don't know how serious the group's debt crisis is.
To tell you the truth, as of today, the Group's debts have reached 80 trillion won, while the Group's actual assets are only 40 trillion won.
In order to save the Daewoo Group, only a broken arm can survive, so the group has to sacrifice Daewoo Motors in exchange for the rebirth of the group as a whole.
I have reached a verbal agreement with Mr. Lin Cheng, Chairman of China Lin Holding Group and President of Lin Group, under which Mr. Lin Cheng will invest US$5 billion to acquire Daewoo Motor Company, provide a US$5 billion low-interest loan to Daewoo Group, and place a US$2 billion ship construction order with Daewoo Shipbuilding. β
"The group's debt crisis is so serious!"
"The price of $5 billion acquisition of Daewoo Motors is a bit low!"
"Not low, there are $5 billion in low-interest loans and $2 billion in shipbuilding orders, and the Chinese's offer is fair." β
"President Park, you Daewoo Shipbuilding has picked up a big bargain, and in the case of the raging financial turmoil, there are still 2 billion US dollars in shipbuilding orders. β
"Hehe, this Chinese Lin must have known that our Daewoo Shipbuilding is the first in the world, and he will definitely not be disappointed when he places an order for us. β
After Kim Woo-jung gave a detailed explanation of why he wanted to sell Daewoo Motors, there was a heated discussion at the meeting, but what made Lee Jae-wook feel heartbroken was that everyone generally agreed to sell Daewoo Motors to achieve the purpose of surviving with broken arms, but the future of Daewoo Motors was not cared about.
Seeing the situation of the meeting clearly, Lee Jae-wook felt extremely desperate at this moment, Daewoo Automobile, which once shocked the world, was betrayed.
β¦β¦
At the Ramada Hotel Dongdaemun in Seoul, General Motors representative Leonard enjoyed a third-tier actor from South Korea last night and slept until noon today.
After waking up, Leonard looked back on the work life he had been sent to South Korea for a month, and it was nothing short of beautiful.
Before coming to South Korea, Myers, the manager of the company's investment department, reminded him that after coming to South Korea, try to delay as much time as possible and not disclose the company's true intention to acquire Daewoo Motors.
So after he arrived in South Korea, he fully implemented the will of the leadership, except for applauding the Korean starlet, he didn't do anything serious, and he was so anxious that Daewoo Automobile's negotiation delegation turned.
Like Leonard, Joe Barton, a representative of the Ford Motor Company, came to the Ramada Hotel restaurant at noon and ordered a table of French food, which they enjoyed deliciously.
At this time, the Asian financial crisis is still raging, as long as they continue to drag on, the unpopular Daewoo car will definitely depreciate wildly, and then they can buy Daewoo car at a relatively low price.
In this regard, several European and American car companies that are interested in acquiring Daewoo Motors have reached a consensus, and everyone will not sit back and watch the sinking of Daewoo's flagship, and everyone is waiting to pick up a big bargain.
"Jingle Bell ......"
"Jingle Bell ......"
But just as Leonard and Joe Barton were enjoying a French meal, their mobile phones rang at the same time.
"What!"
"It can't be!"
Less than a dozen seconds after the phone was connected, Leonard and Joe Barton's exclamations of disbelief rang out in the restaurant at the same time.
Hanging up the phone, Leonard said with a look of surprise: "Joe, you also received the news that Daewoo Motors is about to be acquired by the Chinese?"
Joe Barton exclaimed, "Oh God! Today is not April Fool's Day! A Chinese billionaire buys Daewoo Motors? This joke is not funny at all!"
Leonard shook his head and said, "Joe, my side is a call from Kim Jung-mao, vice president of Daewoo Motors, and Kim Woo-jung, chairman of Daewoo, has already announced all this at the meeting, and Daewoo Motors and the Chinese are about to sign a contract." β
"No!" Qiao Barton said angrily: "Absolutely not! We must stop the Chinese from buying Daewoo Motors, quickly contact the company headquarters, and quickly mobilize political forces to stop them, I hope it is still too late!"
β¦β¦
At the end of the Daewoo high-level meeting, Lee Jae-wook, the president of Daewoo Motors, was retained by Kim Woo-jung, who wanted to do Lee Jae-wook's work so that Lee Jae-wook could cooperate with Lim's acquisition, so as not to cause unpredictable turmoil within Daewoo Motors.
"Jae-xu, accept the reality, I promise you, even if Lin Cheng doesn't need you to stay as the president of Daewoo Automobile Company, there is still a place for you within our group, and I still recognize your ability. Jin Yuzhong said bitterly.
"Chairman, why Daewoo Motors, Daewoo Heavy Industries and Daewoo Shipbuilding can also be acquired!" Lee Jae-wook shouted with red eyes.
"Li Zaixu, don't say naΓ―ve things anymore, you should know that Daewoo Heavy Industries involves the national military industry and cannot be sold to the Chinese; Daewoo Shipbuilding is the world's No. 1 shipbuilding enterprise, and the science and technology in it are absolutely blocked by the Chinese, and they cannot be sold to the Chinese; only Daewoo automobiles with low technology content will be within the scope of allowable sales." Jin Yuzhong said in a deep voice.
"Whew!"
Lee Jae-wook suddenly lay on the table, hugged his head and cried, for Daewoo Motors, he spent countless efforts, almost all food and accommodation were in the company, gave up all his spare time, and even took care of his wife going out of the wall to steal people, but now Daewoo Motors, which he regards as his life, is about to change hands to others, so what's the point of his life? !
Kim Woo-jung patted Lee Jae-wook on the shoulder and didn't say anything anymore, in fact, he was more painful than anyone else when he lost the Daewoo car he created, like cutting meat, but he had no choice, this was the only way to save the Daewoo Group, he could only cut off his arm.
At this time, a secretary knocked on the door of the conference room and reminded: "Mr. President, Mr. Lin Cheng has led the acquisition team here." β
Jin Yuzhong sighed when he heard this, sorted out his appearance, and said, "I know, I'll go to meet them." β
After Kim Woo-jung left, the teary-eyed Lee Jae-wook stood up and looked at the sun outside the window as the sun was in the middle of the day, but at this time he felt like he was falling into an ice cave.
In a trance, Lee Jae-wook opened the window of the conference room, and then fell headlong.
Downstairs at Daewoo headquarters, Jin Yuzhong greeted Lin Cheng's arrival with a group of high-level smiling, and the specifications were high and grand.
Surrounded by the crowd, Lin Cheng seemed to be high-spirited, full of the sharpness and sharpness of a young man.
"Bang!"
There was a loud bang, as if something had fallen from the sky,