President's Office, Kia Motors Headquarters, Busan, South Korea

"Revitalizing the auto market is the responsibility and goal of Saturn Motors' IPO, and the goal of cooperation is a win-win situation rather than who eats whom or who acquires whom, the current market value of Saturn Motors is 7.5 billion, and Kia Motors is not listed on the New York Stock Exchange, your current stock price on the Seoul Exchange is equivalent to $10 per share, The total share capital is 120 million shares, and while the market capitalization of other North American automakers has fallen below its net worth, Kia Motors' share price is still strong, and your net worth is roughly about $800 million, and the current share price already reflects your performance. ”

Jiang Yelin's words made Li Jinhuan's heart tremble, and he wondered in his heart whether this wolf of Wall Street really fell in love with Kia Motors? The stake in Kia Motors is also extremely dispersed after listing, with Korea Machinery Industry Group holding about 30% of Kia Motors as a state-owned enterprise, the Lee Kim Hwan family holding 25% of the shares, and the remaining 20% held by Ford Motor, Mazda and Fiat, with Ford at most 10%, Mazda 8%, Fiat 2%, and the other 25% held by the public......

Kia Motors' share price is up to more than $15, but the car market has been sluggish in the past three years, and under the decline in performance, it is now only about $10 per share, and now the daily trading volume of the Seoul Stock Exchange is about 5 million shares, but it is also a small blue-chip sector, and the total market value is really $1.2 billion. The Korea Machinery Industry Group itself has degenerated into a state-owned stake in some large and medium-sized enterprises instead of the government, which is a trace of the state control and distribution of the main industries of major enterprises in the Chun Doo-hwan era.

"Chairman Ye, I don't know, what is the starting point of the cooperation you are talking about, if Saturn Motors wants to acquire Kia Motors, the South Korean government and major shareholders will not agree, Kia Motors produces South Korea's national models, and the first car that many Korean young people buy when they enter the society is Kia Motors, and the first car that many small companies add to transport goods and pull people is also a van produced by Kia, if Saturn Motors wants to acquire Kia Motors, as the second largest shareholder, the family will not agree...... Major shareholders who hold shares in place of the government will not let go of this ......"

Li Jinhuan touched his handkerchief and wiped his sweat, and the handsome men and women in front of him looked as if they had bad intentions to eat the invaders of Kia's foundation? Is that really the case? Are you just kidding me? Speaking of which, due to heavyweight competitors such as Toyota, Honda and Nissan, as well as the South Korean auto boss Hyundai Group, Kia Motors, President Lee Kim Hwan, really did not think that the good thing of acquiring Daewoo Motors' two factories could fall into the hands of Kia Motors......

"This, President Li, don't get me wrong, I said that after the Saturn car was listed, it was first based on the exploration of the North American market, so there is not much idea about the Asian market in the short term, the Korean people love local brands and support the will and determination of domestic products are famous, last year, the total sales of cars in the Korean market was 1.4 million, Hyundai Motor occupied 6% of the market share, and the remaining Daewoo Motors and you are roughly equal, and the scale of your three factories in South Korea is not too large, The total production capacity of 450,000 units is already your limit...... Because of the relationship between cost performance, family cars actually need to run to form economies of scale......"

Jiang Yelin's words are very good, but Li Jinhuan is even more flustered in his heart, Nima is really going to kill the door to make a hostile takeover or what, how to understand so clearly, thinking that Kia Motors is only the third largest car company in South Korea, Li Jinhuan's heart is full of bitterness, there is no way, the output value of Saturn Motors only sells 150,000 cars a year exceeds his own by a large margin, and his average ex-factory price of a single car is only a fraction of the other party's Saturn series sports cars, which does not belong to competitors of the same level at all...... What the hell is he trying to do?!

"Hey, President Li, don't just be in a daze, what do you think about the cooperation between the two sides, as the head of Kia Motors? I think that the models and markets of the two sides constitute a completely complementary relationship, and as for the M&A funds, there is no need to worry about the acquisition funds, Saturn Motors came to you to cooperate with you in order to find a suitable way out for Daewoo Motors' Incheon and Hanoi plants...... Of course, our main target is the $500 million Daewoo Alabama plant, but IMHO, there are a lot of people who look at this piece of fat, and with Kia's current size, it can't be obtained on its own anyway! ”

As soon as Jiang Yelin said this, Kia Motors, President Li, woke up like a soul, and scratched his head and said, "Of course, the contemptible people hope to cooperate with a tall automobile manufacturing company like Saturn Motors, but we also cooperated with Ford earlier, Fiat and Mazda are okay, but the authorized production does not interfere with our daily operation and management, but Ford Company thinks about overpowering us to manage Kia Company by ourselves all day long, and then it broke up unhappily, although it retains 10% of the equity, But it became a purely financial investment......"

"President Li, I think in the Korean auto market, that Hyundai is next to the thick legs of the Hyundai Group to throw you farther and farther, if you don't seize the opportunity, once there is a problem with cash flow and debt, maybe Kia Motors will be acquired by Hyundai in minutes, I'm not afraid to sue you, my boss came to you, I just don't want the proud Hyundai Motor in the Korean market to make all the money, do you understand what I say?" Jessica's American English pronunciation is standard and fluent, and the two sides have no obstacles in communicating in English from the beginning of their meeting to the present, after all, Li Jinhuan is also a second-generation child cultivated by Ivy League University in the United States, although the pronunciation is slightly Korean, but Jiang Yelin and Jessica can still understand it......

“?6?4?0?4?9?0?2?5?6?9?3?2?3?1?6?9?3?1?0?7?6?3?7?0?3?5?3?5?2?7?8?9?9?3,?8?5?2?3?4?7?8?9?3?1?3?5?7?1?0?5?0?6?3?1?2?2?7?1?0?4, ?8?9?0?4?3?1?2?9?3?7?0?5?2?6?0?2?3?3?5?6?3?3?3?0?1?0?9?7?1?7?0?3?1?2?3?9?9 (Cooperation is a good thing, but the Korean shareholders must not lose their controlling stake in Kia Motors and the right to operate it, otherwise the cooperation between the two parties will not be possible...... Li Jinhuan finally shouted out his heart, and finally found that Jiang Yelin and Jessica were looking at him with a flurry of words, obviously not understanding the Korean sentence that suddenly came out of his mouth...... Suddenly, he quickly slowed down his tone and reexplained it in English!

Jessica looked at her boss when she heard this, the girl knew that her boss's desire to control was absolutely strong, otherwise she would not have ousted the president and CEO Mr. Hudell as soon as she became the chairman of Saturn Motors, and General Motors, as a major shareholder, obviously did not intervene, or when the representative of the second shareholder entered the board of directors of Saturn Motors, General Motors, as a major shareholder, had reached a consensus with Merrill Lynch, the second shareholder, and Saturn Motors is now the young wolf of Wall Street, then, if you don't control Kia Motors, why give away funds for nothing?

The 26-year-old blonde assistant couldn't figure out Jiang Yelin's way of thinking, but Jiang Yelin shook his head with a smile and said, "President Li, you are completely misunderstood, if you need to control Korean car manufacturers, I will directly acquire Hyundai Motor, the number one boss, why bother to say so much to Kia Motors, which is only ranked third, I am talking about complementarity and win-win, you can understand that Saturn Motors is looking for an Asian partner, and Kia Motors is our first choice...... If I go to Europe, I'm afraid I'll buy Porsche and Ferrari......"

"Porsche Ferrari? Mr.Ye's courage is really amazing...... However, if you are looking for a partner in Asia, why not go directly to Hyundai Motor? It's not that I'm ambitious, although Kia Motors is the first car manufacturing company in South Korea, but Hyundai Group is already a giant in the Korean economy, and Hyundai Motor's output value is less than 25% of Hyundai Group's output value......" Lee Kim Hwan still looked confused.

"President Lee, you are really a person, my boss said when he first entered the door, we did not come directly from the headquarters of the Daewoo Group in Incheon, we first went to the headquarters of the Hyundai Group in Seoul, and then we came to Busan to find Kia Motors. My boss's patience is limited, if everyone breaks up unhappily, the win-win situation is gone, and it is not obvious who will suffer the big loss left? ”

Jessica really hoped that her words would be appropriate to help Boss tame the president of the Kia Group with a comedic face in front of him, but obviously, the other party's mind didn't want to look so ordinary, Jiang Yelin waved his hand and said,

"In this way, the two sides cross-sharehold, Saturn Motors does not seek the control of Kia Motors, I know that under the leadership of President Li, the future of this company is much brighter than Daewoo Motors, which is also the starting point for my choice of President Li's cooperation, Kia Motors to Saturn Motors and the Li family issued 100 million shares, 50 million shares each, 5 US dollars per share, so that the total share capital increased from 120 million to 220 million, after the additional issuance, President Li held 36.36% of the shares to become the largest shareholder, and Saturn Motors held 22.72% of the shares Became the second largest shareholder, and the South Korean government held 16.36 shares to become the third largest shareholder...... Does President Li think such a plan is acceptable? ”

Without waiting for Li Jinhuan to react, Jessica, the beautiful assistant on the side, followed, "The $500 million cash flow obtained by Kia Motors through the additional share financing will be used to jointly acquire Daewoo Motors with Saturn Motors...... Don't you understand? ”