Chapter 82: Bad News
On June 1, the revised and improved "Comprehensive Real Estate Law" officially came into effect, and in the afternoon of the same day, Li Huaiyu received a call from his uncle Li Jianshi.
Fortunately, Busan Savings is still strong, and the loan term between the two is two years, as long as Busan Savings can continue to be strong, then Shinhan Construction will enter a state of closure at most, and will not go bankrupt directly.
Naver was the guarantor of Shinhan E&C's loan to Busan Savings, and when Shinhan E&C was unable to repay the loan due to the debt crisis, Naver was obliged to fill the funding gap, and Lee Huai-woo was the direct operator.
As long as Shinhan Construction does not go bankrupt, the contract between it and Busan Savings and Naver will still be valid, and everything will follow the procedure, and there will be more than a year and a half, enough to wait for the turnaround.
But what Lee Huaiyu is most worried about now is not whether Shinhan Construction will go bankrupt, but whether Busan Savings can survive this difficulty; For a bank, Shinhan Construction's 250 billion yuan is only a small amount, but this does not mean that it is not a creditor of other companies, on the contrary, there are many such cases, even including Hyundai Real Estate, a giant in South Korea's real estate industry.
According to Li Huaiyu's speculation, at least a trillion yuan, if there is a problem with such a huge amount, then even Busan, one of the seven largest private banks in South Korea, will definitely not be able to bear it, and the final result is to declare bankruptcy.
So Li Huaiyu found Yang Haotian, hoping to find out some inside stories.
Yang Haotian has not been having a good time lately, and his face is sad all day long, and the provisions of the law re-promulgated by the government are like blood-red spikes, sticking straight into his heart - the family business is in danger.
When Li Huaiyu pushed the door in, he was looking at the computer screen, his eyes unblinking, and he sighed from time to time.
"Brother Haotian, it seems that your life is not having a good time." Li Huaiyu is such a person, even if the sky falls, he still looks indifferent and calm.
Yang Haotian raised his head slightly and said, "Can I get better?" The old man in the family has been worried about a lot of gray hair these days, but I can't help anything, hey..."
"I can pay back Xinhan's money first, and it's a big deal to sell the shares in my hand."
Yang Haotian shook his head and said: "That money won't play a role even if you pay it back with interest, the funding gap is too big, unless you sell the shares of you, me and Brother Yicheng, maybe it's enough..."
Li Huaiyu was taken aback: "So many? ”
You must know that the Naver shares held by him, Yang Haotian and Kim Yicheng add up to 27.8 billion US dollars, which is almost 3 trillion when converted into Korean won, and there is such a big gap in Busan's savings? !
"Almost, there are more than 1.3 trillion loans from Hyundai Real Estate, and there are several companies that are not small." Yang Haotian suddenly slammed the table hard, "Damn the government, don't they know that this can only stimulate economic growth in a short period of time?" From a long-term perspective, it will definitely do more harm than good! ”
"Lee Myung-bak has just come to power, and he urgently needs a few doses of strong medicine to improve his political performance, and he will definitely be welcomed by ordinary people in doing so, after all, housing prices have stabilized, and the people's purchasing power is relatively relaxed, and the stimulation of the consumer market is obvious, so that South Korea's economy can indeed get a certain amount of improvement in a short period of time, and even show signs of recovery."
Yang Haotian sighed and said, "I know all this. Hey, the government is the government, whatever you say is what you say, and we ordinary people can only do it. ”
Li Huaiyu smiled: "Brother Haotian, relax, it's a big deal that our brothers went back to seven years ago, starting from scratch, Naver's framework is here, and the annual profit is also a lot, are you still afraid that Brother Junyi will not pay you a salary?" ”
Yang Haotian smiled bitterly and said: "Having said that, I always feel unwilling." A few words and laws from the government have made it difficult for banks with assets of several trillion yuan, and even show signs of bankruptcy. ”
Li Huaiyu shrugged and said, "It's like this, why do you want to do so much?" You should be as good as you were a few years ago when Naver's stock price plummeted, you can eat and drink as you eat, drink, and go on. ”
"That's right, it's a big deal to start all over again." Yang Haotian put on an indifferent expression and asked, "How is Shinhan now?" ”
"Suspension of work, suspension of business, the company has no follow-up funds to maintain the construction of several real estate, because even if the house price is stable, but the business tax has increased by nearly fifty percent, the result of the guide zhì is that the pre-sale rate is very low, so... The capital chain is completely broken. ”
"And what are you going to do?"
"What can I do? Let's pay back the 250 billion first, although it is a drop in the bucket, but it's better than nothing, right? Lee Huaiyu said, "Busan's savings can't be lost, otherwise the construction of Shinhan will be completely finished." ”
Yang Haotian thought for a while and said, "You can keep that money first, maybe you can help Xinhan get through the difficulties!" If Busan's savings really fail, I still count on that money for a pension. Since the current situation is caused by the government, then leave the problem to the government to solve, I don't believe it, once there is a large-scale collapse of private banks, Li Mingbo will ignore it? ”
"Okay, if it's okay, I'll leave first, and I'll go to Brother Yicheng to see if anyone can take over the shares in my hands."
"Go to Choi Min-hee from SKT, he has the ability."
Li Huaiyu stopped, turned around and asked, "Cui Minxi is so rich?" ”
"Not really." Yang Haotian said with a smile, "Although he doesn't have money, SKT does, with Choi Minxi's connections and prestige in SKT, he is absolutely capable of persuading the company's top management to take a stake in Naver, and SKT has always had this intention, but he can't find a suitable opportunity." ”
"Understood." Li Huaiyu turned to leave.
Since Yang Haotian said so, then he had to think about it.
Naver's current market capitalization is about $6 billion, in addition to the 35% stake in the market, Han Junyi has 20% in his hands, and the remaining 45% is almost divided equally by Li Huaiyu, Jin Yicheng and Yang Haotian, so the value of the shares in each person's hands is about $900 million, which is nearly a trillion won in exchange.
If SKT buys all the shares in the hands of Li Huaiyu and Yang Haotian, he can become the largest shareholder of Naver, but Han Junyi will never allow this to happen, so Li Huaiyu and Yang Haotian will sell half of the shares in their hands at most, but in this way, the funds that the two can raise are only trillions, Li Huaiyu doesn't care, anyway, his debt is only the 250 billion of Xinhan, but the loopholes in Busan's savings are far more than these.
Hey, what a problem! What should I do?
Li Huaiyu thought as he walked towards Jin Yicheng's office.
As expected, Jin Yicheng's face was still so indifferent, just like when Naver's stock price plummeted.
Before Li Huaiyu could speak, Jin Yicheng said: "SKT's Choi Min-hee can help you, but are you sure you really have to think it through yourself?" It's easy to sell a stock, but it's hard to buy it back. ”
"Do I have any other options besides this method?" Li Huaiyu smiled, "Even if you win the jackpot, it's not worth so much money." ”
"The mentality is good, then I'll help you get in touch." Jin Yicheng pointed to the sofa and said, "Sit, I have something to tell you." ”
Li Huaiyu sat down as he said.
Jin Yicheng cleared his throat and said, "Huaiyu, you were deceived by Li Xiuman, and you were deceived by him from the beginning. ”
Li Huaiyu was taken aback by these words: "How do you say it?" ”
"This morning, Brother Junyi received a call from Akio Shigemitsu, chairman of the Lotte Group, warning Naver not to hack S.M, otherwise Lotte will interfere." Jin Yicheng said with a stern face, "You may not be familiar with Akio Chongguang, but he also has a Korean name, called Xin Gehao." ”
"Lotte Group's founder, Singh Ho?" Hearing this name, Li Huaiyu suddenly felt weak, sat down on the sofa, and was silent for a while before saying, "When did S.M get involved with Lotte?" Does that Director Choi of Dahong really have so much energy? ”
"I don't know the specifics, but from the current situation, only this explanation is reasonable." Jin Yicheng sighed and said, "Not only that, but in fact, Li Xiuman didn't support the girl group from the beginning, asking you to take care of Girls' Generation is completely a cover, and its purpose is to borrow your hand to cause the current situation, he has only one reason for doing this, to suppress Girls' Generation, suppress Kim Young-min, and then regain power S.M!" ”