Wynn Hotel, Las Vegas, Nevada, USA

"You're here to help me? Django, if you really want to help me, then find a way to issue corporate bonds for me, and the annual interest rate can be increased to 12%...... My conditions remain the same, as long as the issuance can be successful, in addition to the commission and issuance fees of the securities company, you will be given a personal commission of 1%, if the issuance of 100 million corporate bonds, then you will earn 1 million US dollars! Jin Nantian sat back in his chair, but there was a hint of ridicule in his tone, the temptation of millions of dollars in commissions is not something that anyone can turn a blind eye to, right?

"Pull it down, my dear Nan, if it can issue bonds to tide over the difficulties, how can Daewoo Group let out rumors that it is ready to sell the Daewoo factory in North America? In the past five years, the debt of your North American factory has rolled from 300 million to 500 million, and now the annual profit is not enough to pay financing interest, and the market share and sales revenue of Daewoo Automobile cannot be significantly improved in the short term. I'm sure that's what your boss thinks...... Boss Kim, who created the miracle of Incheon, is now 63 years old, and it's time for the rapids to retreat......"

Jiang Yelin's words seemed to sprinkle salt on the wounds of the Koreans, and Jin Nantian, who listened to it, was sad and entangled, and the young master from Wall Street in front of him seemed to have a good level of business, did his homework very well, and had a thorough understanding of the ideas of the upper echelons of the Daewoo Group and the current situation of the Daewoo factory in North America, so why did he come? Someone on Wall Street wants to buy Daewoo Motors North America? Then you can talk directly to the headquarters of Daewoo Group, and directly ask me, the North American branch, as the president and CEO of the party, what is the use? Don't you know that North American Daewoo is my heart's work? I would never sell the company myself!

"I won't sell my partners and the interests of the company, Django, if your investors dare to be interested in the assets of North American Daewoo, they should talk to the headquarters of Daewoo Group, it is best to talk to the big boss directly, I, the president of North American Daewoo, am just a working boy, but I have no right to promise you anything......" Jin Nantian sat on the chair with his hands crossed, and his tone of voice also returned to calm, of course, his heart was turbulent, and it was inevitable that he wondered what the other party was planning.

"Think about it, Nan, if the Daewoo Group headquarters were to sell the Daewoo asset in North America, would you be able to block the deal? I know that you are the executive director, president and CEO of Daewoo North America, but Daewoo North America is a wholly-owned subsidiary of Daewoo Group, can a professional manager act against the wishes of the major shareholders? If North American Daewoo continues to make profits, then you have a stronger say in Daewoo Group, now North American Daewoo is a bottomless pit of losses, and there is no bright future in sight, in this case, is it not the best choice to sell assets to recover funds as much as possible to recover losses? ! ”

Jiang Yelin's words are impeccable, but Jin Nantian is obviously not so easy to surrender the gun, to tell the truth, North American Daewoo is almost the kingdom he created, although he took the investment of Daewoo Group, but Nantian Zheng, who was born in Shinhan Automobile, is an industry elite who is engaged in the automotive industry, not Daewoo Group, an investment group that has to mix with any industry to make money, Jin Nantian has actually been the vice president in charge of R&D and production of Shinhan Motors, a joint venture between Daewoo and GM, in the entire 80s, of course, General Motors later felt that Shinhan Motors was a chicken rib and withdrew the investment, throwing all the burden to the complacent and rapidly expanding Daewoo Group.

Although Kim Nam-tian is a distant nephew of Kim Woo-chung, he stayed at General Motors in the United States after graduating from college, so he is not the core of the leadership of Daewoo Group, Shinhan Automobile was only assembly-based before, and the new factory in Olympic City, Alabama is the first time that Kim Nam-tian has completely led the construction of a brand-new automobile manufacturing plant, it can be said that every brick and tile embodies the hard work of Kim Nam-tian, an American-Korean, and it is also a battlefield for him to realize his life dream, of course, The recession in the North American auto market caused the new plant to suffer a head-on blow after it was put into operation, and the continuous loss of capital chain further restricted the development of the factory, and it was natural for Daewoo Group to lose confidence in North American Daewoo Automobile and Jinnantian after waiting for three years.

Of course, now, as the day of repayment of the principal and interest of 500 million US dollars of corporate bonds is approaching, Daewoo Group has not continued to invest even one dollar in this factory with no profit prospects, and for Kim Nantian, a Korean American who married an American wife and raised three American children, No matter which company acquires Daewoo North America, I am afraid that the acquisition will be a large-scale layoff and cost control, and those Korean skilled workers under the restructuring are likely to lose their jobs and have to return to China to make a living......

"As long as there is a glimmer of hope, I will not sit idly by and watch North American Daewoo be sold like this! This factory is equivalent to my son, brick by brick from the design blueprint to the production line layout is my hard work, I believe that as long as you survive this year, the North American auto market will usher in a new turnaround, by the way, you are Merrill Lynch? Didn't that Saturn, owned by General Motors, just hit the market? The stock price of Kung Fu has soared by 40% in just one month, and it would be nice if Daewoo North America could go public...... Django, do you have a way to get Daewoo North America listed? If I can, I will repay you in the next life as a cow and a horse! ”

Jin Nantian suddenly felt that he had found a more promising way out for Daewoo in North America than selling, that is, following the example of Saturn Motors to spin off from General Motors and package it for listing. If he is willing to help, maybe, there is really a chance for this, Jin Nantian knows that the hot Saturn factory took 7 years from preparation to production, saying that it is fine management, in fact, whether it is automation or production efficiency, it is not as good as its North American Daewoo, of course, North American Daewoo is put into production a year later than Saturn cars, if you say where the shortcomings are, I am afraid that it will suffer too much in the development and market positioning of new cars.

"Nan, with all due respect, the opportunity for Saturn Motors to go public is not so easy to replicate, you must know that last year's Saturn Motors' performance was a gross profit of 700 million US dollars, a net profit of 400 million US dollars, and Saturn Motors itself has no bad debts, the production and sales rate for three consecutive years is 100%, while the operating rate of Daewoo in North America is less than 50%, and a total of less than 200,000 cars have been produced in the past two and a half years, that is, these 200,000 cars have not been sold. The ex-factory wholesale price of Saturn Motors' bicycles is 28,000 US dollars, and the ex-factory price of your Daewoo Motors bicycles is only 15,000 US dollars. ”

Jiang Yelin's words are like a basin of cold water, pouring Jin Nantian into a cold heart, the 42-year-old American Korean has dull eyes, his lips tremble and wants to refute, but he doesn't know how to speak, every word of the other party's words is reasonable, Saturn Automobile in the North American market recession, put into production for three consecutive years to maintain profitability, production and sales rate maintained at 100%, this proud performance may have been Jin Nantian's dream and goal set for North American Daewoo, but the reality is too far away from the goal, Saturn is like the youngest son of General Motors, which has received strong support from all aspects of capital, technology, and channels.

The high financing cost and low market price positioning have made the North American Daewoo lost its way in the world's most fertile car sales market, unable to see the future, and does not know how to get out of the predicament. Who's going to come back and be the culprit?!

"Let's be honest, Django, what the hell are you looking for me as a Wall Street fund manager? I said, the control of whether Daewoo in North America is sold or not is in the headquarters of Daewoo Group, although I have a distant relationship with the big boss, but unfortunately, I joined the United States after graduation, and does not belong to the core leadership of Daewoo Group, if your investors want to buy my company, please go directly to Daewoo Group headquarters to talk, but you may come late, recently many buyers who are interested in acquiring Daewoo in North America have already broken the threshold of Daewoo Group chairman......"

"Nan, although Daewoo Group is developing rapidly in South Korea, it is just a toddler compared to these century-old companies in the United States, I am more concerned about the future of Daewoo in North America, your future, to put it mildly, if Daewoo Motors is acquired by Japanese manufacturers or the three major North American automobile companies, you and your Korean technical experts will probably have to lose their jobs, and even not rule out that the local workers you hire in Alabama will also be fired, do you think so?! As for the three major North American automakers, they themselves are underemployed due to losses, and their workers are all working in shifts, so will they want those temporary workers you have trained locally? ”

"Nonsense, although Alabama is not a traditional industrial powerhouse, but after Toyota's North American headquarters entered Alabama, it has gathered automobile supporting industries and parts manufacturers, as for the 3,000 workers I trained and trained, they are all good local boys, not temporary workers, I want to hear, what are your plans for the future of me and my people? If your investor buys the Daewoo factory in North America! ”

"If our acquisition is successful, Daewoo North America will become part of the public company, and the management will receive performance option awards, as for you personally, I think you can continue to serve as the president and CEO of the Alabama plant, of course, the marketing and procurement supply chain will be coordinated by the parent company, and the annual salary, 360,000 US dollars plus 50,000 performance option subscriptions per year, should be matched with your contribution to this factory, right?! In addition to being the fund manager of Merrill Lynch, he is also the chairman of Saturn Motors, how about it? Happy working together?! Jiang Yelin smiled and stretched out his hand.