Chapter 855: Change
Seeing Park Yongsheng's darkened face, Lu Jing chuckled in his heart, and had a faint premonition. However, he still had a faint smile on his face, listening to these people.
"Since you asked, it's not impossible for me to tell you in advance." Huang Xuanbin's wrinkled face showed a slightly smug expression, and he said sarcastically: "I have proposed to the board of directors to remove your chairman." Hana Bank will support my proposal. ”
And so it was. Huang Xuanbin, I asked myself that I have never made a mistake in the company, and I work hard for the company every day. Even with the support of Hana Bank, do you think your proposal can be approved by the board of directors," Park Yongsheng stared at Hwang Hyun Bin fiercely and said unwillingly.
"Hmph, can you know through your heart." Huang Xuanbin sneered and mercilessly pierced Park Yongsheng's illusions.
Seeing that Park Yongsheng's face became a little pale, Lu Jing sighed lightly in his heart and glanced at Cheng Jianfeng beside him. At this time, Cheng Jianfeng's eyes were also full of worry.
Hwang Hyun Bin was in talks between Prospect Hua and Hyundai Semiconductor, and he strongly advocated not selling the TFT LCD business. If Hwang Hyun-bin is the chairman of Hyundai Semiconductor, Jinghua's acquisition will almost certainly fail.
Park Yongsheng took a deep breath and reluctantly smiled at Jiang Zhengxiu, who was indifferently holding a wine glass next to Huang Hyunbin: "President Jiang, I want to know the reason why Hana Bank does not support me?" ”
Jiang Zhengxiu smiled slightly and said slowly: "Chairman Park, as a shareholder of Hyundai Semiconductor, we hope that the TFT LCD business can be sold at a better price, and you advocate selling it to Jinghua for 300 million US dollars, which is beyond our minimum expectations." He said. He smiled at Lu Jing falsely, "Mr. Lu." I'm so embarrassed..."
Looking at Jiang Zhengxiu's hypocritical smile, Cheng Jianfeng frowned unabashedly. It took him months in South Korea to get the deal done. On the eve of the transaction, he was denied like this, and he was extremely dissatisfied.
Lu Jing thought for a moment and asked tentatively: "President Jiang, what kind of price do you expect to sell the TFT LCD business?" ”
Huang Xuanbin interjected indifferently, "At least 500 million US dollars!" ”
At least $500 million? This is an extremely insincere offer. If it is the latest technology - the fifth generation TFT liquid crystal technology, the quotation of 500 million US dollars is quite appropriate, but the outdated fourth-generation TFT liquid crystal technology is definitely not worth the price. The smile on Lu Jing's face gradually faded, and he nodded slightly, "Oh." I got it. ”
At this time, Jiang Zhengxiu suddenly laughed, raised the wine glass in his hand and signaled to someone.
Lu Jing felt something, turned his head to look over, and just saw a tall and thin young man with a slightly longer face raising his wine glass triumphantly, looking at him with disdain.
"Luo Yinghao, assistant to Yuan Dongyun, president of Samsung Electronics Greater China." Cheng Jianfeng said to Lu Jing in a low voice.
Lu Jing couldn't remember who this Luo Yinghao was at all, and he was very surprised. Looking at the current situation, Jiang Zhengxiu should have been instructed by Luo Yinghao. But what can Luo Yinghao instruct Jiang Zhengxiu?
As soon as Huang Xuanbin said the offer of 500 million US dollars, Lu Jing knew that he was deliberately making things difficult. At this time, being looked at with sarcastic eyes, Lu Jing would be an idiot if he didn't understand what was going on.
Luo Yinghao is Yuan Dongrun's assistant, could it be that Yuan Dongrun instructed him? But. When you think about it, that's not the case. How can Won Dong-yun be just a mid-level employee of Samsung Group, so how can he influence Hana Bank's decision-making?
Thinking of this, Lu Jing coughed lightly. said to the stunned Park Yongsheng: "Chairman Park, I'm a little tired. Can you arrange a lounge for me? "He needs to talk to Park Young-sang first to find out what is going on.
Park Yongsheng seemed to come back to his senses at this time. Hurriedly said: "Okay, Mr. Lu, please come with me." With that, he hurriedly left the reception with Lu Jing and Cheng Jianfeng, went out of the restaurant and gave a few instructions to the waiter, and immediately took Lu Jing and the two of them to the executive Tianjing room on the 7th floor by elevator.
Since the shareholders feel that the sale price is too low and are unhappy with him, what if the young man in front of him can raise the offer to $500 million? Then, he can take the initiative on the board. This thought suddenly popped up in Park Yongsheng's heart, which made him doubly polite to Lu Jing.
Looking at the back of Lu Jing and the three of them leaving in a hurry, Luo Yinghao smiled coldly: If you want to acquire the TFT LCD business, dream about it!
…
…
In the Executive Sky View Room on the 7th floor, Lu Jing was silent, his fingers gently tapping on the armrest of the sofa. Just now, Park Yongsheng has already roughly told him about the current situation.
Since Hyundai Electronics spent $2.1 billion to acquire LG Semiconductor in 1999, Hyundai Electronics has been in a state of huge losses. On July 31, 2001, Hyundai Electronics, which had been taken over by creditor banks due to huge debts, announced that it would break away from Hyundai Group and set up its own business.
Hyundai Electronics was originally the semiconductor and electronics division of Hyundai Group. In March 2001, it was renamed Hynix Corporation. Normally, it will still be known as South Korea's Hyundai Semiconductor Company.
Now semiconductors are being taken over by creditor banks, and the shareholding structure is complex. More than 200 investment banks in South Korea have a 74% stake in Hyundai Semiconductor.
Hana Bank, the third largest commercial bank in South Korea, owns a 4.7% stake in Hyundai Semiconductor. This stake may not seem to be able to influence Hyundai Semiconductor's decision-making, but Hana Bank's position in the banking industry will greatly affect the wishes of Hyundai Semiconductor's other bank shareholders.
So, if Hwang Hyun-bin, vice chairman of Hyundai Semiconductor, initiates a proposal to remove him, Park Young-sung will lose his position as chairman at the next board meeting. At that time, the follow-up negotiations between Hyundai Semiconductor and Jinghua will naturally be presided over by Huang Xuanbin's person.
TFT LCD technology is a deal involving hundreds of millions of dollars, and the formal contract will not be signed until early May at the earliest, and Hyundai Semiconductor's next board meeting will be next Wednesday, April 24.
After thinking for a while, Lu Jing slowly spoke: "Mr. Park, although I would like to help you, it is impossible for Jinghua to invest $500 million to acquire Hyundai Semiconductor's TFT LCD business. You know, this part of the business is not worth that much money. Is there any other way to keep you in the chairman's position? I remember that Hyundai Semiconductor used to be part of the Hyundai Group. ”
Park Yongsheng's hint to Lu Jing couldn't understand it, and said with a wry smile: "Mr. Lu." That used to be. Hyundai Semiconductor has spun off from the Hyundai Group. Of course, Chairman Zheng Mengxian has held a leadership position in Hyundai Electronics for a long time. He has a certain influence on modern semiconductors. But. Chairman Zheng Mengxian is riddled with lawsuits. The major companies under the Hyundai Group are not doing well, and all of them are losing money. He probably didn't have the energy to deal with it. And. If Huang Xuanbin can sell at a high price of 500 million US dollars, under the pressure of the shareholders of various banks, Chairman Zheng Mengxian is afraid that he will also be powerless. ”
Park Yongsheng is a veteran employee of Hyundai Semiconductor. Although Zheng Mengxian is no longer the chairman of Hyundai Semiconductor, he still refers to Zheng Mengxian as the chairman.
"However, we all know very well that Hyundai Semiconductor's TFT LCD business will not sell for a high price of $500 million." Cheng Jianfeng pointed out unceremoniously, "In the face of this fact, the pressure on the bank side can basically be ignored." ”
At present, only Jinghua has quoted for Hyundai Semiconductor's TFT LCD business. Huang Xuanbin quoted $500 million, but he didn't want to sell it at all. Now here's the problem. Can Jung Mong-seon's influence in Hyundai Semiconductor be greater than that of Hana Bank? As a result, Hyundai Semiconductor was able to sell its TFT LCD business to Jinghua.
After Cheng Jianfeng finished singing, Lu Jingwen said: "Does Mr. Park think I should meet Chairman Zheng?" Lu Jing asked more tactfully.
"It would be best if Mr. Lu could meet Chairman Zheng Mengxian." Park Yongsheng affirmatively answered Lu Jing and Cheng Jianfeng's doubts.
Hyundai Group is in turmoil, and Chairman Zheng Mengxian's influence in Hyundai Semiconductor is naturally not as good as that of Hana Bank. However, when it comes to the price of the sale of the TFT LCD business, his words are more important than that of a vice president of Hana Bank.
$300 million is a reasonable price. Hyundai Semiconductor's losses are serious and severe. The bank gang can't all be fools, allowing Huang Xuanbin to scare away the only buyer at a high price.
He was not without supporters among the shareholders of the bank. Assuming that Jinghua's people can convince Chairman Zheng Mengxian, then his $300 million sale of the TFT LCD business is beyond reproach. Coupled with the support of his supporters, he will naturally be able to retain his position as chairman.
This is the case of Jinghua's reluctance to contribute $500 million. The only way for him to keep his position as chairman of Hyundai Semiconductor is to keep it.
Lu Jingdao: "Can you please ask Mr. Park to help me arrange a meeting with Chairman Zheng?" ”
Park Yongsheng hesitated for a moment and said, "Mr. Lu, Mr. Cheng, I will convey your company's request to meet Chairman Zheng Mengxian." But. I am not completely sure that Chairman Zheng Mengxian will meet with you. ”
He wasn't sure if Chairman Zheng Mengxian would be willing to pay attention to the matter. After all, he is not a close confidant of Chairman Zheng Mengxian.
"I understand." Lu Jing nodded lightly, and then asked seemingly casually. "Oh, is Mr. Park familiar with Samsung's Luo Yinghao?"
Park Yongsheng was in a panic today. didn't notice that Luo Yinghao came to the reception. Seeing Lu Jing asking, he looked at Lu Jing with strange eyes. "He is the only son of the second largest shareholder of Samsung Group. He currently works at Samsung Electronics. ”
Lu Jing suddenly changed the topic in his heart. Park Yongsheng was worried about the future and was in a bad mood, and the three of them didn't talk much. After the matter was discussed, Lu Jing offered to leave.
"No wonder..."Coming out of the hotel and sitting in the Mercedes-Benz business car, Cheng Jianfeng said with some anger. Now how could he not see who was the mastermind behind the setback of this acquisition. Obviously Luo Yinghao.
Zheng Zhongjie and Ding Ling, who came out of the reception and returned to the car after receiving the call, asked, "What's the matter?" Cheng Jianfeng talked about the situation just now. As he spoke, the black Mercedes-Benz van slowly started and left the 11-storey JW Marriott Hotel in Dongdaemun Plaza.
After Cheng Jianfeng finished speaking, Lu Jing said in a deep voice: "According to the description given to us by Park Yongsheng, I think Yuan Dongrun should not have the ability to command Luo Yinghao. Now the question is: Was Luo Yinghao's sabotage of our acquisition a private act, or was he authorized by Samsung Group? Although Ding Ling was in the car, Lu Jing still made an exception and lit a cigarette and said his analysis.
"What does Jing Shao mean..."Cheng Jianfeng asked with a frown. Whether Luo Yinghao is authorized by Samsung Group determines their next response. This is very, critical.
"Xiaoling, what do you think?" Lu Jing didn't answer, but asked Ding Ling's opinion.
Ding Ling bit his lip lightly and said, "Listening to what you said, I think it is more likely that he is acting personally." As far as the current situation is concerned, it is actually very easy for him to support the vice chairman you mentioned through Hana Bank, that is, to say a word to President Kang. ”
Lu Jing nodded slightly and looked at Zheng Zhongjie, "Zheng Zhongjie, you have been in Korea for a while, what do you think?" ”
Zheng Zhongjie said uncertainly: "Jing Shao, I can't figure it out." It stands to reason that we have a competitive relationship with Samsung Electronics, the core enterprise of the Samsung Group, and Samsung has a motive to stop us. But if Samsung Group makes a move, the momentum will not be so small. Most of the time it is in the form of competitive quotations. ”
Cheng Jianfeng somewhat agreed with Zheng Zhongjie's analysis, and concluded: "If Luo Yinghao makes a private move, what we have to consider is to persuade Zheng Mengxian to support the sale of Hyundai Semiconductor's TFT LCD business to us to achieve the goal." However, if Luo Yinghao is authorized by Samsung Group, then we need to consider other ways to obtain TFT LCD technology. ”
Lu Jing pondered for a moment and said, "We still have to prepare for the worst. If we are unable to resolve our current predicament by the end of April, we will consider abandoning the acquisition of TFT Liquid Crystal Technology from Hyundai Semiconductor. Now, let's meet Zheng Meng first. ”
After all, after talking with Hyundai Semiconductor for so long, it is a pity to give up after a few months of hard work, and it will delay Jinghua's progress in research and development. Because, the latest fifth-generation TFT LCD technology will definitely not be willing to sell by manufacturers. To obtain the fourth-generation TFT liquid crystal technology, it is necessary to invest money, manpower, and time to upgrade the technology.
Cheng Jianfeng said with some concern: "Jing Shao, if the key to solving the problem is to meet Zheng Mengxian first, I am worried that Park Yongsheng may not be able to give us the opportunity to meet Zheng Mengxian first." ”
"I know what I know." Lu Jing rubbed his eyebrows and said slowly. He didn't put the opportunity to meet Zheng Meng first on Park Yongsheng at all. When he asked Park Yongsheng to arrange a meeting just now, how could the hesitant expression on Park Yongsheng's face escape Lu Jing's eyes.
Lu Jing has another way. (To be continued......)