Chapter 454: The Last Solution
In fact, the $300 million Zhou Liwen did not fall into his hands, and Zhou Liwen did not set up this game to defraud Samsung Group of the $300 million, and if this money is really obtained, it will not be a good thing for Zhou Liwen.
Of course, as for what Goldman Sachs and Lehman Brothers do with the money, Zhou Liwen doesn't care. No matter what, these elites in the financial world always have a way, even if something happens in the end, Zhou Liwen, as the initiator, is still pure like an angel and has nothing to do with it.
Not only that, Zhou Liwen also secretly supported Li Mengxi's father and son with a sum of money. Although Li Mengxi's father and son are not poor, they have been fighting a lawsuit with Li Jianxi for so long, and their money consumption is also huge. Compared with Li Jianxi, the financial resources of Li Mengxi's father and son are really not worth mentioning, otherwise they would not have made trouble until now because of those shares. What's more, now is the last moment, and in order to completely solve the problem, Li Mengxi and his son must have a huge amount of available funds in their hands. At this time, Zhou Liwen will definitely not feel sorry for money, and he is reluctant to let the child catch the wolf, only when Li Mengxi and his son return to Samsung, his investment will have ultimate significance.
On the surface, Li Shengbin's defection, including the doubts of some shareholders and directors of the board of directors of Samsung Group, is behind the handiwork of Li Mengxi and his son. But no one could have imagined that the money they used was provided by Zhou Liwen, who was generous and gave their father and son $260,000 in one go, and also assured them that they had billions of funds to support, but the latter's money was used to acquire shares of Samsung Group and support their father and son to replace Li Jianxi and his son.
After smashing these money, Li Mengxi's father and son suddenly became much more confident. They are all smart people, and they know that the best opportunity has come now, and they immediately spare no effort to attack Li Jianxi and his son in various ways, and now the effect is also very significant.
A few days later, Zhou Liwen got the news from South Korea. Under pressure, Li Jianxi convened a board meeting to give some explanations for the incidents. However, his explanation, which seemed weak and uncertain to shareholders and directors, did not have an effect, but on the contrary made things worse.
Subsequently, following Corning in the United States, some other joint ventures of the Samsung Group also put forward financial audit requirements for the Samsung Group. There are even Japanese companies, such as Toshiba and Daikin, who have even applied to the South Korean government for the protection of the joint venture's assets in case the Samsung Group jumps over the wall and transfers the assets of the joint venture.
These things are happening one after the other, and it's dizzying. The affected South Korean government also began to discuss whether to intervene in the Samsung Group investigation, and when the news became known, Samsung's stock began to plummet in the stock market, and investors abandoned the Samsung Group, a company that Koreans were once proud of, almost overnight.
In just three trading days, Samsung Group has steamed a market value of $200 million in the stock market, a result that simply makes Li Jianxi crazy. Although he swore at the press conference that he asked shareholders to trust him, believe in him, and believe in Samsung Group. But will he still sell his account at this time? The more he explained, the more the stock price fell, and within an hour of the press conference, the stock price actually plummeted, and it was a slap in the face.
In the second week, various securities institutions began to intervene, announcing the suspension of Samsung Group's shares and requiring Samsung Group to release the latest financial data. You know, a large company like Samsung Group is not only listed in South Korea, but also in the United States and Japan. And this time, the political institutions of several countries made a unified decision at the same time to suspend the stock trading of Samsung Group, which simply cost Lee Kun-hee's life.
With the stock trading halting, a series of ripple effects continued. First, the supplier 6 continued to interrupt the supply of raw materials to the Samsung Group, or changed the previous agreement to settle the bill, and asked the Samsung Group to pay for the purchase in cash. At first, Lee Kun-hee gritted his teeth and persevered for a few days, but then he couldn't hold on. I only see money going out but not money coming in every day, even if Samsung is rich and rich, it can't withstand the shortage of funds, Li Kunxi can only turn to the bank for help, but how dare the bank lend money to Samsung Group at this time? All the banks agreed that it was extremely risky to lend to Samsung Group at this time, and it was better to repay the previous loan in advance. As this situation changed, the Samsung Group, which was a behemoth more than a month ago, began to crumble and show signs of collapse.
But Samsung Group is South Korea's Samsung Group after all, and the company's influence in South Korea is too great. Whoever is in the presidency will not see Samsung go to the end of the road, because if Samsung goes bankrupt like Lehman Brothers, it is not intended to be a catastrophic financial earthquake in South Korea.
The South Korean government, at the behest of Mr. President, immediately convened a brokerage meeting on how to save Samsung Group in such a situation. However, the meeting was noisy from the beginning, and some people proposed that at this time, all Korean banks, including the central bank, should support the Samsung Group to ensure that the capital chain of the Samsung Group would not be broken and the situation should be stabilized.
Some people have suggested that at present, the government should simply take over the Samsung Group, that is, take custody of Samsung, or even nationalize the Samsung Group, so as to completely solve the problem. There are also proposals to divide the Samsung Group to consolidate and preserve Samsung's main industries as much as possible to reduce losses and .......
These proposals all have problems of one kind or another, and they are all ways to cure the symptoms rather than the root cause, and no one can even guarantee that the consequences of doing so will definitely improve. The meeting lasted from morning to night, and still no final plan was come up. When Mr. President asked, everyone looked at each other, and no one knew what to do in the end.
"A bunch of waste" looked at these so-called economic experts, and Mr. President only felt that his head was as big as a fight. On weekdays, they are all eloquent and talkative, but by this time, none of the proposals proposed are real, and they are unwilling to take any responsibility.
Looking at the situation in front of him, Mr. President felt powerless for a while. He is about to step down, and if the Samsung Group collapses in his hands, it will be the worst stroke of his political career, and he may even be caught and attacked by political opponents because of this matter in the future.
Thinking of this, Mr. President wanted to scold Lee Kun-hee, an old guy, for dragging himself into the water, and he wiped his ass a few times, but he still didn't repent, knowing that he should have been sent to prison in the first place, and there would be no current situation. But it was too late to say this again, and Mr. President shook his head helplessly, it seemed that there was only one last way.
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