Text Chapter 809 Layout of South Korea (II) - Eating SBS by force
In the entire entertainment media industry, whether it is a film company or a record agency, it is definitely not as important as a TV station, after all, this is a mouthpiece.
Obviously, many people are a little scared of SS Financial's previous approach to "killing everything" in the film industry - this is completely an unstable "nuclear bomb", which may blow up the entire TV media industry at any time.
In the face of such an unstable factor, who would dare to let it in? Even KBS, a state-run television station, would not dare to do so! Who knows that one day this capitalist giant crocodile wielding dollars in his hand will take over the South Korean government and directly swallow KBS, a "little goldfish."
Therefore, South Korea's three major television stations, KBS, MBC, and SBS, directly entered into an "offensive and defensive alliance", and no one allowed this barbarian to enter the door. In particular, MBC and SBS are two TV stations, and they must be strictly guarded, because KBS is a state-run TV station, and SS Financial Holdings does not have so much energy to leverage the entire South Korean government, but MBC and SBS are different. You must know that MBC is a private movie station, while SBS is a private TV station, and both of them have the possibility of being eaten by SS Financial Holdings.
Among them, SBS is the most dangerous, because MBC's major shareholder is a social group - it is not so easy to acquire, but SBS's major shareholder is a private enterprise in South Korea's industrial and commercial circles, and it may not be able to withstand the capital attack of SS Financial Holdings.
Not to mention, this group of people's guesses is really good, because Su Chenyu's target is indeed SBS!
Therefore, in order to stabilize SBS's stronghold, KBS's major shareholder, Korea Screening Bureau, and SBS's major shareholder, the Relaxation Culture Promotion Association, joined forces to put pressure on SBS's largest shareholder, Taeyoung Real Estate. At the same time, SBS's management began to petition the company's major shareholders after receiving the news that financial capital was going to buy the TV station, hoping to retain SBS's shareholders and make SBS its own TV station.
Hehe, I have to say, this group of people is really naïve, thinking that this can stop the footsteps of SS Financial Holdings?
What a naivety!
However, next, Su Chenyu really didn't expect that the three major TV alliance KBS, MBC and SBS, would then give him a "unique" hand - mobilizing the masses.
Yes, it is to mobilize the masses!
Why should the mouthpiece of public opinion be in their own hands, this time the matter is vividly reflected, just after the establishment of the "offensive and defensive alliance" of the three major TV stations, and also after the pressure on the major shareholders of SBS. Perhaps because they were afraid that they would not put enough pressure on themselves, KBS, MBC and SBS immediately turned their guns around in public opinion and reported on the invasion of the song brokerage industry and the film industry by the fund companies of the SS financial holding system. Moreover, the three major TV stations also "revealed" at the same time that MBC and SBS are likely to be the next targets to fall.
As a result, the three major TV stations began to mobilize the "melon-eating masses", so that everyone could work together to keep all the TV stations in the hands of South Korean capital.
Well, not to mention, the incitement of the three major TV stations is really good, or it may be that the brains of the South Korean sticks are really not enough, and there are really some idle people who have nothing to do, and they have taken to the streets to petition the South Korean government to suppress the capital of the SS financial holding system and protect the local TV media industry in South Korea.
You must know that South Korean politics is a rather strange place, the power struggle here can be called a "play house" level, and every time there is a public petition, it will definitely be used as a "night pot" to attack the ruling South Korean government cabinet. That's why we all see that the South Korean government's cabinet always has a series of ridiculous but real South Korean political anecdotes, such as the impeachment of the president, the suicide of the president, the imprisonment of the president, and the arrest of the president.
Quite simply, as long as the South Korean people make a move, the opposition parties will definitely use this to attack the ruling cabinet and achieve their own ulterior political goals. As a result, the people of South Korea are like fools, being used and used by the veteran drivers of South Korean politics like monkeys, and they also make them feel that this is the so-called "cooking" - really ridiculous.
Therefore, this time, the three major TV stations hope to mobilize the masses and then force the South Korean government to intervene in this matter, so as to achieve the goal of preventing SS Financial Holdings from entering the South Korean TV media industry.
I have to say that this is really a good move, because he did bring some trouble to Su Chenyu and SS Financial Holdings, slowing down the pace of attack.
However, that's all, because, when this matter was just revealed, the public relations department of SS Financial Holdings had already dispatched and began to publicize the matter. You must know that the public relations department of SS Financial Holdings is really full of bigwigs, because all the members here are political leaders from various countries, even including many former presidents and former prime ministers.
This group of political bigwigs came out, and it was not easy to capture, because there are many veterans in South Korean politics in this group of people, so the South Korean government and the opposition have all been dealt with. Besides, SS Financial Holdings is already powerful, and these people don't plan to make trouble on this at all, after all, if they don't do it well, they are likely to be stoned to death by "money". Moreover, just in case, Su Chenyu even pulled out the US imperialists, the master of South Korea, and deliberately explained that he wanted to open the market and allow foreign capital, especially American capital, to enter.
Because, this time, the vest used by SS Financial Holdings is - MGM Group - proper American capital.
is still the same sentence, for SBS, Su Chenyu is determined to win, and he can only succeed and not fail - whoever is not long-sighted dares to stand in the way, he will do it.
Soon, MGM Group found the Kumho chaebol, yes, it was the Kumho chaebol, hehe, I didn't expect it, you know, it was one of the "four puppets" that Suning Group and SS Financial Holding focused on supporting in South Korea.
So, do you still need to ask about the following things? Naturally, it comes naturally!
MGM Group quickly reached a takeover agreement with Kumho Chaebol to acquire 9.8% of the shares held by Kumho Chaebol, successfully "invading" SBS and becoming the third largest shareholder of SBS.
Now, the two largest shareholders ahead of MGM are Tairong Properties, the largest shareholder, and Rosetronami, the second largest shareholder, two companies that are not very large in South Korea's business community.
Among them, there is no difficulty for Su Chenyu's acquisition at all, because Rosetami Group is an LG chaebol enterprise. Therefore, with the cooperative relationship between Suning Group and LG Chaebol, coupled with the huge capital power of SS Financial Holdings, Su Chenyu does not have to think that LG Chaebol will definitely respectfully hand over the 13.7% stake held by RoseDulami Group.
Facts have proved that Su Chenyu's self-confidence is indeed correct, because when MGM asked for SBS shares from the Rose-Durami Group, the other party agreed to MGM's acquisition offer without thinking about it.
Therefore, with such effort, MGM Group managed to hold more than 20% of SBS's shares, becoming the second largest shareholder after Tairong Construction.
Next, Su Chenyu only needs to deal with Tairong Real Estate, the controlling shareholder who holds more than 50% of SBS's shares!
This time, MGM's acquisition ran into trouble, because Tairong Real Estate actually blatantly rejected MGM Group's acquisition offer - which Su Chenyu really didn't expect.
You know, this matter has made such a big fuss, and neither the South Korean government nor the opposition parties have spoken out, isn't the meaning released by this obvious?
However, this Tairong Real Estate is so upright, it seems that it does not care about MGM Group and the SS Financial Holding behind it, Lao Tzu is like this, and he just doesn't agree to sell the shares to you.
Well, in this way, Su Chenyu couldn't help his little temper, since someone was looking for death, then he really didn't mind pushing it into it.
Taeyoung Real Estate is a small real estate development company in South Korea, with many real estate projects in Cheongdam-dong, a wealthy area in Seoul, Incheon, Busan and other places. As for the strength, it's really not very strong, and it can't be compared with the five major chaebols and ten major groups in South Korea, and even the shoes for others are not qualified.
However, it is this small real estate company that dares to touch the tiger whiskers of the "big tiger" of SS Financial Holdings, which is really fearless for those who don't know.
So, there's nothing to say, one word is - do!
Besides, Suning Real Estate has a huge interest in the real estate industry in South Korea, and swallowing this small Tairong real estate can be regarded as a pre-dinner hors d'oeuvres.
There is no real estate company that does not owe bank loans, because the real estate industry is originally a white wolf with empty gloves. Therefore, the real estate company is not afraid of heaven and earth, even if he can't sell the house, he is not afraid, he is afraid that the bank will target him. Because, once the bank specifically targets him, especially in lending and repayment, then not many real estate companies can bear it.
Tairong Real Estate is no exception, and his bank debt ratio is quite high, with loans from Kookmin Bank, Shinhan Bank, Hana Bank and other banks, including Standard Chartered Bank of South Korea, which is a subsidiary of Standard Bank Group. Therefore, the next thing is much simpler, and the 66 things that major banks do can force people to die without paying their lives.
What's more, these banks have all been explained by Standard Bank Group, asking them to embarrass Tairong Real Estate as much as possible. You know, they are technically members of the pan-Standard Bank Group, which holds some of their shares to a greater or lesser extent.
Therefore, there is no doubt that Tairong Real Estate, a real estate company that is not small in the South Korean business community, was actually forced to go bankrupt alive. At this juncture when Tairong Real Estate went bankrupt, Suning Real Estate quickly took over all the shares and debts of Tairong Real Estate as if it was a god of wealth falling from the sky, and successfully pocketed it.
This thing is called a neat and neat, at first glance, he is a veteran, and it is also, in the past few years of Suning Real Estate's crazy expansion, there has been no shortage of this kind of thing.
After Suning Real Estate successfully acquired Tairong Real Estate, the rest of the matter was much simpler, and immediately transferred 51% of its SBS shares to MGM Group.
As a result, MGM Group successfully took SBS, causing a stir of eyebrows in the entire South Korean business community......