Chapter 42: Break the Miracle Group's capital chain
"After Miracle Group bought Shunyang Construction, in order to restore all the projects, it invested 2 trillion cold yuan, and now it is constantly burning money in order to develop overseas business."
"I have also given Xinluo Hotel a large amount of investment, and I plan to make it a global chain hotel."
"Now the capital chain of the Miracle Group should be very tight, and if a large amount of money is spent for something, the capital chain is likely to break."
"At that time, the Miracle Group will be the fish on the chopping board, let us slaughter!"
Lee Jae-yong and Chen Xingjun respectively showed sinister smiles.
Like a jackal that smells blood, cunning and insidious.
There is nothing new about starting with the capital chain, but it is a very effective method.
It's not new, it just works.
As for how to make the Miracle Group consume a lot of money, the two have already thought about it.
At that time, as long as the capital chain of the Miracle Group is broken, the hotel chain plan of Xinluo Hotel will fail after losing financial support.
If it goes well, it may also be affected by the miracle group, and the hotel operation will have problems regardless of the end.
At that time, Li Fuzhen did not manage well, which disappointed his father Li Jianxi, and he may not even be able to keep the position of president of Xinluo Hotel and be removed.
In this way, Lee Jae-rong's status as the crown prince is more stable.
The two can also take advantage of the broken capital chain of the Miracle Group and business problems to make profits.
Miracle Car, Miracle Credit Card, Miracle Mobile, Miracle Express, TV Shopping Desk......
It's all a money-making business that makes people blush.
A feast may not be long in coming.
This time, the two major chaebols joined forces, and the Miracle Group was in a catastrophe.
Smack!
Chen Xingjun suddenly clapped his palms.
The door opened, and two high-quality women walked in, dressed in dresses and dressed with x-sense.
came to the two of them separately, sat down gently, and began to serve a little rusty.
If you look closely, you can find that they are very popular female stars who often appear on TV.
A female star who usually pays attention to her image is now dressed like this, appearing in the room of a private club, becoming a wine escort and serving the young big man of the chaebol family.
Even if he is a popular star, without a background, he is just a chaebol plaything in Goryeo.
"This is a gift I specially prepared, and you are welcome, just to celebrate our happy cooperation."
"I heard a long time ago that Xingjun is very good at playing, and you didn't disappoint me!"
……
Chen Daojun got the news that Shunyang had problems with capital turnover due to poor management, and planned to sell some non-performing assets in a low-key manner.
Among them is Hando Steel.
Hando Steel, the largest steel mill in Goryeo, produces 31% of the country's steel.
Two years ago, due to the financial crisis that swept through Asia, banks stopped lending to Hando Steel, which led to the rupture of the capital chain and the inability to repay the debt of 4 trillion yuan, and forced bankruptcy.
It was also one of the first large companies to go bankrupt due to the financial crisis.
At that time, Chen Daojun had not yet established a group, and as the boss of Miracle Investment, he spent 500 billion cold yuan to acquire Handao Steel.
changed hands and sold it to Chen Xingjun, a big wronged species, at a price of 800 billion, making a net profit of 300 billion.
Although Shunyang took over Han Dao Steel, due to the huge debts and the economic recession, plus this period of time, he has been against Chen Daojun and has been pitted in various ways.
Shunyang has a lot of problems, not to mention paying off the debts of Handao Steel, and it is difficult to even operate normally.
Unable to make ends meet.
Handao Steel is still eating away at Shunyang's funds.
It is said that Green Wadae was very dissatisfied with this, and after all, Hando Steel was the largest steel plant in Goryeo, and if it could not resume operations as soon as possible, it would be a big loss for the entire country.
It's no longer a private business.
In addition to Hando Steel, there are also many project businesses that are consuming Shunyang's funds.
Shunyang is now overweighted and difficult to return, so he can only reduce his burden and sell some assets.
"Don't miss the opportunity."
When Chen Daojun learned about this, he naturally couldn't miss it and had to buy it.
As long as Han Dao Iron is revitalized, the largest steel plant in Goryeo can bring very considerable benefits to Chen Daojun.
didn't hide it, and directly found Shunyang to talk about the acquisition.
In fact, in Goryeo, there are only a few people who have the capital to buy Hando Steel, and it is impossible for Green Wadae to let Hando Steel fall into the hands of foreigners, so there is no point in hiding it.
Shunyang Group, conference room.
"No problem with acquisitions, 1 trillion cash!"
Chen Xingjun opened his mouth wide, his expression playful.
Chen Daojun shook his head: "To say this, it is insincere." ”
Chen Xingjun sneered: "You don't want to buy, I heard that the Sanxing Group wants to acquire, I have a good relationship with Li Zairong, it's better to sell him a favor!" ”
Chen Daojun: "Of course Sanxing wants to, but they can't come up with 1 trillion in cash, so don't scare me, in business, there is no deal that cannot be negotiated, only a price that cannot be negotiated." ”
"I'm not talking nonsense, I can only take out 800 billion cash at most, and it's up to you to sell it or not."
It's a showdown, that's all there is to it.
Chen Xingjun didn't talk immediately, put away his playful expression, and frowned slightly.
It seems that he is carefully considering Shunyang's financial situation.
"Okay, 800 billion is 800 billion, but it must be cash, and it will arrive immediately, and I will ask people to prepare the contract now."
"No problem!"
The contract was drawn up quickly.
Chen Daojun asked Rachel to look at it to see if there was a problem.
Rachel put on her glasses, her charming face added an intellectual beauty, and she picked up the contract and looked at it carefully.
I looked at it twice and confirmed that there was no problem.
Bite!
800 billion yuan was transferred from the public account of Miracle Group to the public account of Shunyang Group, the transaction was completed and the contract came into effect.
At the beginning, Chen Daojun sold Han Dao Iron to Chen Xingjun for 800 billion, and now he bought it back from the other party for 800 billion.
Back and forth.
"It's a pleasure to work with."
Chen Xingjun took the initiative to stand up and stretched out his hand.
Chen Daojun didn't put on a stand, and shook it lightly with the other party.
Although the two sides are hostile, they are still decent people on the surface.
There were no superfluous words next, and Chen Daojun left Shunyang Group with Rachel.
"Huh."
Chen Xingjun looked at the two people who walked out of the conference room and showed a sinister sneer.
"It's successful, 800 billion is not a small amount, and the funds of the Miracle Group are already very tight."
Lee Jae-yong walked in through another door, the corners of his mouth curled.
Chen Xingjun looked at the other party: "It's your turn next." ”
Lee Jae-rong said confidently: "Look at me!" ”
The two of them have already done a detailed investigation in advance, and with the ability of the two major chaebols of Shunyang and Sanxing, many things can be investigated.
Those who underestimate Chen Daojun have paid the corresponding price, and they must be foolproof in advance.
Even most of Chen Daojun's assets hidden overseas have been found.
I have to say that Chen Daojun is really well hidden, and his domestic assets are already very considerable, and he can't imagine that there are still many assets overseas.
It's really rich.
It is already known that Chen Daojun currently has 1.2 trillion funds at his disposal!
The numbers are staggering.
Even if a big chaebol like Shunyang, although the assets are terrifying, in the heyday, the funds that can be used at will are only about 1 trillion.
When you need money to do business, you often have to borrow money from banks.
Of course, it does not mean that more money means stronger strength.
Chen Daojun can use 1.2 trillion yuan for a group, no matter how you say it, it is not to be underestimated, no wonder you want to develop overseas business and dare to continue to burn money.
Because I have money.
It shows that the business of Miracle Group is really profitable!
Chen Daojun just bought Handao Steel, spent 800 billion, and now there is 400 billion left.
As long as the 400 billion is gone, the miracle group will fall into the dilemma of breaking the capital chain.
……
Two days passed.
Chen Daojun got the news again that the Sanxing Group planned to sell its machinery manufacturing company, Sanxing Machinery.
Sanxing Machinery is one of the top machinery companies in Goryeo, and it is also the main business of Sanxing Group in the early days, and the foundation is located.
Sanxing Group can have today's achievements, inseparable from the machinery company, who would have thought that Sanxing would sell such an important company.
Although with the transfer of Sanxing's core industry, the machinery company has changed from what it used to be, and the income is far from the highest, but the symbolic significance is extraordinary.
The news came from Li Fuzhen, and there is no doubt about it.
The reason given by Lee Jae-yong is that Goryeo's economy is recovering, and if Sanxing wants to stand on the cusp and develop rapidly, it needs more funds.
So he sold the machinery company that was no longer very profitable.
But not everyone can buy it, and it is sold to internal members first, which is obviously because it does not want the assets of Sanxing to fall into the hands of outsiders.
Lee Jae-rong's opening price is 600 billion.
Li Fuzhen wanted to buy it, but the funds she could use were only 200 billion, and there was still a gap of 400 billion, so she found her ally Chen Daojun to borrow money.
"I can lend you money to make you president, and I will be fully responsible for you, but I must take a large share!"
"No problem."
Li Fuzhen successfully borrowed money from Chen Daojun, counted his own, and made up enough 600 billion yuan to successfully buy Shenxing Machinery Company.
Gangnam-gu, a private clubhouse.
Bite!
Chen Xingjun and Li Jaerong raised their wine glasses, touched each other, and drank them all.
Putting down the wine glasses, both of them had a successful smile on their faces.
"Now that Chen Daojun has no funds at his disposal, as long as he does something to the Miracle Group, the funds will be broken immediately, and in order to turn around, he can only sell his assets."
"The only person who can buy the assets of the Miracle Group is us, and he has to sell it if he doesn't sell it."
"Don't be careless, his domestic funds have bottomed out, but be careful that he still has hidden overseas funds."
"Hmm."
Although the two are confident, they are not careless, and they have sent a large number of people to firmly monitor the financial movements of the Miracle Group.
also spent a lot of money to buy the insiders of the Miracle Group.
Now that the Miracle Group has become a meal on a plate, it is difficult to fly with wings, just waiting for the two of them to take a big bite on the blood plate, bite it hard, and feast on it.
Chen Daojun should not know the fact that he has become a meal on the plate.
Don't do everything to avoid long nights and dreams.
The two of them, who had been prepared for a long time, immediately instructed people to launch a commercial offensive against the Miracle Group, to completely disconnect its capital chain.
In the eyes of outsiders, the Miracle Group is very powerful, and it may not be long before it will become the fourth largest chaebol in Goryeo.
But now that I have bought Handao Iron and Steel and Sanxing Machinery, after consuming a lot of money, I have become strong and middle-class.
Collapse is just around the corner.
A day later, nothing happened to the Miracle Group......
Two days later, nothing happened to the Miracle Group......
Three days later, nothing happened to the Miracle Group......
"What's going on, why hasn't the Miracle Group moved at all, and didn't find that overseas funds came in, how could it be possible to resist the commercial offensive with this little domestic capital."
"I don't know, but Chen Daojun is difficult to deal with, it has long been expected, maybe he still has secret funds that we haven't found."
"It's been a few days, and there hasn't been any movement at all, and we must find a way to further consume the Miracle Group's funds."
Lee Jae-rong and Chen Xingjun quickly thought of a way to consume the funds of the Miracle Group, the old routine, sell the company!
Sanxing sold the motor company, 300 billion.
Shunyang sells chemical company, 200 billion.
Chen Daojun took all the price according to the price, and swallowed it without even hitting a bubble.
……
Hinra Hotel.
Chen Daojun, Li Fuzhen, Chen Dongji, the three of them sat together.
Raise your glass and clink your glass to drink.
"It's a pleasure to work with."
"It's a pleasure to work with."
"It's a pleasure to work with."