Chapter 682: Divide LG
After the arrest of many senior executives of LG Group, the entire LG Group from top to bottom was panicked, especially the more than 200,000 LG Group employees, all of whom were worried about their future work and life. In particular, almost all of LG Group's new businesses have stopped, firstly, because the staff are unstable, and secondly, customers and suppliers are worried about LG's future and dare not do business with them.
In fact, this situation of LG Group has seriously affected the stability of Korean society.
Faced with this situation, Lee Myung-bak, the incumbent president, is naturally very anxious, and if something really happens, the first thing the people will do is naturally him, the president. After all, the fact that the CGV terrorist attack was carried out on that day shows that the government is not doing well, how can so many people with firearms run away to the CGV community.
Not only is Lee Myung-bak pleading with Jung Young-hyun, hoping that he can stabilize LG Group as soon as possible after taking the shares of LG Group, but many LG Group employees, especially the existing executives, have also found CGV Group, Hairong Holdings, Mobile Times, etc., hoping that they can buy LG Group.
Although South Korea has the ability to save the current LG Group, as well as Samsung, Lotte, Hyundai and other groups, in terms of financial resources, all Koreans believe that they are not as rich as the mobile era. And at the moment, if the mobile era can merge with LG Group, it is undoubtedly the best choice, the so-called back to the big tree is good to enjoy the shade, they are naturally very clear.
However, executives in the mobile era have all said that they are not interested in a conglomerate like LG Group. Although Hairong Holdings did not give a clear statement, it also said that it should be carefully evaluated and considered. As for the CGV Group. Well, Kim Jae-jong said that at present, CGV Group does not have the financial resources and strength to annex LG Group, although several of their executives who hold a small number of shares want to really swallow it, but they really have no money, and their shares are only the right to dividends. CGV Holdings still belongs to Zheng Rongxuan, otherwise it would be enough to kill them by simply putting Universal Music under CGV Holdings.
When Lee Myung-bak came to visit Jung Young-hyun for three consecutive days in a week. On Thursday, Mr. Jung had a fishing meeting with the representatives of several major consortia on a cruise ship on Jeju Island. Kean also attended the meeting, and Zheng Rongxuan and several bigwigs happily fished while negotiating with them about the division of LG Group.
In fact, to put it bluntly, I came to say hello to them. It's not that they intend to annex LG Group, but that Gu Benmao himself is looking for death and running out to attack him, which they know very well, after all, the movement last Friday was so big, and they also expressed their hatred for Gu Benmao's actions in public or private, especially Zheng Rongxuan's father-in-law, Lee Kun-hee, who simply wanted to swallow Gu Benmao alive.
The second is to spin off some subsidiaries or businesses that LG Group itself does not want to operate to see which of them is interested, and now they can take it at a relatively low price if they want it. Once the merger of LG Group is completed, they want to take it again. The price is the appraised value at that time, unlike the current appraisal value, which is sixty percent, and they can take it.
With this kind of good thing, several major consortia with related businesses will naturally not be polite, and happily accepted the gift sent by Zheng Rongxuan, hello, hello, everyone, after making some concessions to each other. They flew away after dinner that night.
In the evening, Zheng Rongxuan took more than 20 groupers, flat mouths, yellow flowers and other fish he caught, and in his manor on Jeju Island, he fell in love with Song Ji-hyo and Kim Hee-sun, who were filming here, before returning to Seoul.
On Friday morning, several prosecutors released the results of an update on the investigation into the CGV terror case. and the confession video of Gu Benmao and others, and the whole world was in an uproar.
At this time, after all, it is still only at the level of doubt and possibility, and now that Gu Benmao and others have confessed, and have also found out their operation methods, it naturally makes countless people feel angry, and immediately many angry gods smashed LG's various stores and goods.
The shares of a number of listed companies of LG Group have been completely abandoned by all investors, and almost everyone thinks that LG is finished, just like Daewoo back then, which is equivalent to bankruptcy and liquidation. The continuous week of falling limits has also caused the market value of LG Group to shrink significantly, and employees at all levels of LG Group companies are crying bitterly, and many are even thinking about looking for their next job.
But at five o'clock in the afternoon on Friday, Martin, president of Hairong Holdings? Kean and Liu Changchun, President of Mobile Times, suddenly held a press conference at the headquarters of Mobile Times in Qingchuanxi, announcing that the three listed companies of Mobile Times, IOS, Android and SK Communications, will suspend trading from now on due to uncertainty about future major asset transactions.
Hairong Holdings has been entrusted by frog platform many times, for the livelihood and work and life of more than 200,000 global employees of LG Group, after communicating with the former chairman of LG Group Shigeru Koo Ben and others, has obtained a controlling stake in LG Group, and will hold a meeting of LG Board of Directors on Saturday to negotiate with other shareholders on the next step LG Group companies are to delist or transfer shares.
According to the plan given by Hairong Holdings, LG Group's existing businesses will be split, of which LG Electronics, the largest of which will operate independently, belongs to the seventh listed company in the mobile era, and some of its businesses will be split and merged into the existing Android or IOS, and SK Communications.
LGTelecom, LGDACOM, LGCNS, LGN-SYS, etc. will be integrated into SK Communications.
LG's mobile phone R&D and production, sales, and after-sales departments will be spun off and merged into Android. The computer, CD-ROM, memory, office automation equipment, camera, VCR and other departments were spun off and merged into IOS.
LG Display's TFT-LCD related departments will be spun off and merged into Lee Yoon-xin's dowry, Samsung LCD Company.
The rest will continue to stay at LG Electronics, which means that LG Electronics will only focus on home consumer electronics in the future, and the rest of the IT and communication-related industries will be dismantled.
LG Chem will be given to SK Group, LGFASHION, the largest apparel group in South Korea, will be taken over by Kim Tae-hee's TH Apparel, and LG Property-related industries will be taken over by Gangnam Real Estate.
After a week of hellish panic, LG Group employees finally received the long-awaited good news. , but a feast to carve up LG has just begun, but it has already doomed the tragedy of LG Group, and LG, a brand that has been built with great difficulty, will also become a product of the mobile era.
If it weren't for Lee Myung-bak coming to the door for three consecutive days and begging Jung Young-hyun for the sake of the more than 200,000 employees of LG Group, he actually wanted to completely suppress LG Group to the ground before he was ready to announce that he would take over.
"Alas, I'm still too kind!" Zheng Rongxuan sat in the BBJ2 he flew to the Philippines and couldn't help sighing slightly. (To be continued.) )