Chapter 413: Assault
"Although the sales of these two models are good, they are only a drop in the bucket for the current status quo of Hyundai Group, and it is far from enough, so I need Mr. Su's help." Zheng Mengjiu lowered his head, originally he was treated as an equal.
"After careful consideration, I agreed to lend a helping hand to Hyundai Group, but considering the financial situation of Hyundai Group, I am particularly worried about your debt situation, so I hope to get some assets as collateral at the same time as I get the shares, otherwise, I will not be able to explain to Standard Bank." With the current situation of Hyundai Group, it is indeed a bit uneasy to take shares or something, even if it is Hyundai Motor Group, it is only one billion dollars in assets, but there are more than six billion dollars in liabilities, in other words, you just get shares, and the conversion is also negative, so Su Ming's proposal of asset mortgage is not excessive.
"Mr. Su, isn't it personally funded by you?" Zheng Mengjiu asked nervously, in comparison, banks are much more difficult to deal with than individuals.
"Su is not my own now, and the use of a large amount of money also needs to be approved by the board of directors, so I think it is more appropriate for Standard Bank to fund the funds, and I will use my shares to provide re-guarantee for this fund, but the shares are only our private transactions, and this money still needs to be mortgaged." Su Ming deliberately said that the whole process was extremely complicated, in fact, one or two billion dollars was nothing to him, whether it was his personal funds, Su's funds, or the funds of Standard Bank, it was all a matter of his words, but he was unwilling to break the rules he had set himself.
"Aren't we paying too much for this?" Zheng Mengjiu swallowed a mouthful of saliva nervously, and sure enough, they all said that the most cannibalistic person in finance does not spit out bones, and the other party does not seem to be a fuel-efficient lamp, and he wants shares and mortgages, Zheng Mengjiu regrets a little, is it a wrong choice for him to find the other party.
"We can sign another private agreement, once we accept these assets, the shares will be automatically cancelled, this is just to prevent us from giving out funds, but there is no gain, after all, the current situation of your group is not optimistic, even if we don't need to bear the previous debts, but once we can't recover, what's the use of us getting some shares." At present, the assets of the entire Hyundai Group are basically the same as the liabilities, and if we take into account the fact that the won is still depreciating, the liabilities are still increasing, but the assets are shrinking.
"This Mr. Su should rest assured that the current unfavorable situation is only temporary, as long as the entire group is under my control, it can be reversed soon." Zheng Mengjiu is very familiar with the current situation of the group, or his father is too involved in politics and has too many grievances, if he compromises with the other party politically and counterattacks economically, modern times are not without the strength of a fight, the key is that the five brothers and the six brothers are still constantly attacking the political field, which can only lead to a greater blow.
However, now the group is not controlled by itself, although he is also the chairman of the group, but with the support of his father, the fifth brother, the co-chairman, is more controllable, and his own power is still limited to Hyundai Motor Group.
"It is to believe in Mr. Zheng's ability, we will invest, Hyundai Motor under the control of Mr. Zheng, has gradually recovered, and the situation has been greatly improved, this is what no one thought at the beginning, presumably at this time, your uncle will be very disappointed." Su Ming is talking about the original head of Hyundai Motor, Jung Se-yong, and it is under his leadership that Hyundai Motor has become an international car manufacturer from a Korean car manufacturer, and has a full product line.
However, in order to appease Zheng Mengjiu, Zheng Zhouyong forced Zheng Shiyong and his son Zheng Mengkui to leave Hyundai Motor, and exchanged the shares of a real estate company for the shares of Hyundai Motor in the hands of their father and son, and at that time, Zheng Mengjiu was only the director of the after-sales service department of Hyundai Motor.
In the face of doubts, Zheng Mengjiu put forward the slogan of "Hyundai's quality surpasses Toyota", and started from a small screw, and worked hard to improve product quality, but in the business operation, but in the business operation, but stride, with a billion dollars to harvest South Korea's fifth largest car manufacturer Kia is his handiwork, followed by, the development of new models and received great success, which makes people pay attention to his business ability.
"It's funny, it's not worth mentioning compared to Mr. Su, Mr. Su is an example for us to learn." Zheng Mengjiu lowered his head in the face of Su Ming, revealing the gray hair on the back of his head, indeed, no one facing a character like Su Ming would dare to say that he was good at business, who could manage it again, and he could be the same as Su Ming, who developed a small business into a multinational group enterprise in just a few years at a young age, this is because Su Shi is not a public enterprise, so the finance is not known, otherwise what kind of Bill Gates will it get.
"Huh." In the face of this kind of praise, it is not appropriate to respond, so Su Ming can only make a haha, it is not good to admit it, but if you don't admit it, others will think that you are fake, and you have more contact with Westerners, and Su Ming has also learned to be immodest.
"That's it, let's talk quickly, I don't want to waste my precious vacation time, I put forward the plan, you think it's acceptable, accept it, if you don't accept it, let's treat it as if nothing happened, what do you think?" Zheng Mengjiu nodded, his two eyes looking at Su Ming intently, waiting for Su Ming to bring it up.
"I'll give you $500 million in exchange for 20 percent of Hyundai's shares, and then I'll give you $1.5 billion to buy the entire group, and you just need to mortgage Hyundai Electronics to me, what do you think?" Because Korean consortia usually adopt cross-shareholding, circular shareholding or emotional shareholding, usually the shares in the hands of the controller are not too much, such as Zheng Zhouyong only occupies 8.34 percent in the Hyundai Group, like Samsung's Lee Jianxi is only a few tenths of a share, but can firmly control the entire company, as for Hyundai Electronics, although it has grown into a large enterprise, it was originally for Hyundai Motors to produce supporting products, so Hyundai still has a huge influence on Hyundai Electronics.
"Well, I can accept Mr. Su's plan, but I don't want Mr. Su to interfere too much in Hyundai's production and operation and the acquisition of the group." Zheng Mengjiu thought for a while, and felt that Su Ming's conditions were not bad, although he still wanted to discuss the terms with Su Ming, but when he looked up and saw Su Ming's indifferent appearance, and thought of what Su Ming had just said, he didn't mention it again, but just made an agreement with Su Ming.
"This is no problem, I like to cooperate with capable people the most, and I don't have to worry about anything after I pay for it, you just have to rest assured." In fact, Su Ming is not good at business negotiation, nor does he know any negotiation skills, why Su Ming is invincible in negotiation, that is, because negotiation always depends on strength.
"Finally, I'll give you another free piece of news, Samsung's side got a billion dollars from Yueben, which is used to deal with you." After the negotiation, Su Ming glanced at Mihoko, and then said to Zheng Mengjiu.
"Huh? Is this true? Zheng Mengjiu immediately asked in surprise, this news is really amazing, because although Samsung is also heavily indebted, but Samsung's relationship in the political circle is much stronger than in modern times, if this matter needs to go to foreign investors for help, it means that some things to do can not use domestic funds, such as bribery of political figures, you must use external funds.
Su Ming ignored him, Zheng Mengjiu also knew that he had lost his words, what kind of person was Su Ming, how could he say some false news, and said that he would arrange everything soon, Zheng Mengjiu left in a hurry, in the face of Samsung's offensive, although Hyundai Motor didn't need to worry about anything, but the entire group was very threatened.
"You use my news to do favors, no, I want to compensate." After Zheng Mengjiu left, Mihoko was tired of Su Ming's body, and insisted that Su Ming compensate her.
"These are originally yours, and doing favors is also done for you, and what compensation do you need." Su Ming was dealing with Mihoko, while thinking about the gains and losses of this matter, he was just here to take a break, but he didn't expect to make another deal, although South Korea's economic aggregate is not large, but Hyundai Group is not small, this country is the world of big conglomerates, and if you can control one, you can also affect South Korea.
Su Ming arranged the things that he had just discussed, and went out for a spin with Mihoko, took her to enjoy the beautiful scenery of Mount Kumgang, and talked about the cooperation with Hyundai Tourism Group, Mihoko laughed that he always likes to do this kind of business that doesn't require a lot of brains, and praises you for being the god of management, who knows that you don't participate in any business at all.
In the evening, the two of them did not go to bed early in the morning to exercise, but sat under the tree, in the bright moonlight, the two began to talk, Su Ming is not very good at this play, and was soon killed by Mihoko, and played three games in a row, all of which were big defeats, Su Ming scratched his head embarrassedly, and boasted before playing, but he didn't expect that others were much higher than his own chess strength.
Mihoko told Su Ming that this was just a course arranged by the school when she was in middle school, and Su Ming was even more depressed after listening to this, the level of other people's middle school can put themselves like this, and it looks like the level of elementary school, Su Ming raised his head, and was about to do another game unconvinced, when he suddenly saw a flash of fire shooting rapidly from a distance, with Su Ming's experience, he instantly distinguished, it was either a bazooka or a portable missile, and he hurriedly reached out and pulled Mihoko to the ground, and then pressed it.
(To be continued)