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"Chairman, why not temporarily reduce scientific research investment projects and investment amount?"
"no."
"Chairman, can the production line of the fourth-generation LCD screen be suspended and the construction funds diverted to where it is most needed."
"No, this is a core project related to the company's development and cannot be cut."
"Chairman, or else suspend the new eight-inch fab plan, even if it is delayed, temporarily overcome the current extremely difficult financial situation, and choose an opportunity to start again."
"Absolutely not, now I just grit my teeth, and it's all over when I relax."
"Chairman, you can consider shortening the battle line in exchange for a certain amount of funds to survive the cold winter."
"This can be considered."
"So?"
Li Jianxi's face twitched, knowing that his subordinates were asking which subsidiary was unlucky and could be cut off. He felt extremely sorry, but this was one of the few ways at the moment.
Another trick is to ask the government for support. The key is to let the banks loosen their money bags. Under the threat of the current financial crisis where starvation is everywhere, it is unlikely to be realized.
?The government of the Bangzi country has negotiations with international financial institutions, the US government, and governments of European countries. It can be said that it is shameless to beg the other party for help.
Just like that, it was still coldly rejected by European and American powers.
The only hope is that the international financial institution imf has given the other party a chance to take advantage of the fire.
The imf set humiliating conditions for the bangzi country in crisis, one; economic austerity, two; financial liberalization, three, privatization.
These three fires sound quite reasonable, but in fact, they are completely humiliating killings without blood, and are extremely vicious.
? According to the results of negotiations between the Bangzi government and the IMF on December 3, 1997, the imf promised to give Bangzi $57 billion in aid, but with two conditions attached;
One of them is to ask the country to raise interest rates and implement a tightening economic policy.
This move is very ruthless, and raising interest rates means that companies that borrow money from banks have to pay much higher interest rates.
In the next few months, the loan interest rate in Bangziguo was as high as 30%, which caused companies that were already in a recession to close down because they could not pay back the money.
According to statistics, during this period, a total of 25,000 enterprises in Bangziguo closed down, and the unemployed population reached 2 million.
The total working population of Bangzi Country is only 20 million, which means that the unemployment rate has reached 10%.
During the financial crisis in 1997, the second condition for Bangziguo to accept IMF loans was financial opening. This was actually exchanging a considerable part of financial sovereignty for loan assistance, so it was an extremely humiliating condition.
For this reason, the public of Bangzi Country designated December 3, 1997, the day when the loan assistance agreement was signed with the IMF, as the "National Shame Day".
The financial opening conditions set out by the imf are completely "shock therapy", which has caused the financial industry of Bangzi Country to be looted by foreign capital at low prices.
Take the First Bank of Bangziguo as an example. The bank lost 1 billion U.S. dollars in the financial crisis. After the financial industry was fully opened to the outside world, the American Newbridge Capital Private Equity Securities Investment Fund stood up and was willing to contribute 500 billion won (equivalent to 435 million yuan) USD) to acquire a 51% stake in First Bank of Korea.
After the success of this transaction, Newbridge Capital obtained all the management rights of the First Bank of Korea, which is equivalent to obtaining the top three major banks at the price of cabbage, which is simply crazy.
Why didn't the Wang consortium make a move?
Because this is a gluttonous feast for European and American financial giants, the Wang consortium will never be allowed to reap the benefits and come in for a share of the pie.
The reason why Hynix can be included in the bag is because this company is no longer valued by the US and European predators and thinks it has no value for mergers and acquisitions.
Micron, which was originally planning to buy at the price of cabbage, also retreated, including the local Samsung, LG, no one is interested, and no one wants to save this mess. They only hope that it will go bankrupt before being picked up by the Wang consortium.
Otherwise, there are no doors.
Looking back at the whole process, it is not difficult to find that the imf is completely playing the vanguard for the US financial giants.
The full opening of Bangzi Country's financial industry has very serious consequences.
Let's compare the data:
In the mid-1990s, before the outbreak of the Asian financial crisis, the proportion of foreign capital holdings in Bangzi¡¯s financial industry was only 10%; but by 2004, this proportion had risen to 44%. Already as high as 73%.
It is not an isolated case of financial liberalization in the country of Bangzi. All developing countries must accept this condition in order to obtain IMF loans - opening up the financial market.Indonesia, Thailand, and Malaysia are no exceptions.
The third additional condition; privatization.
In the 10 months after the financial crisis in Southeast Asia, Western multinational companies carried out 186 mergers and acquisitions in Southeast Asia. This is the largest asset transfer in Southeast Asia in the past 50 years.
In the name of aid, the imf prescribes "prescriptions" for privatization and exchange rate freedom, and privatizes important industries such as finance, oil, electricity, mining, and telecommunications in the target countries, which is tantamount to controlling the economic lifelines of these countries.
In this way, economic control is firmly in the hands of Western multinational corporations, and they can take whatever they want.
At this moment of suffering, Wang's consortium stepped on it again. Even a strong character like Li Jianxi felt the pain of the building's collapse and faced a difficult choice.
Li Jianxi knew that there was a third way, and he would not choose this way unless it was absolutely necessary;
That is to sell yourself to the capital of the United States or surrender to the Wang consortium, choose one of the two.
From an emotional point of view, Li Jianxi would rather sell himself to American capital than bow to Wang Yaocheng, who also belongs to the yellow race, which would make him feel extremely humiliated.
As for yielding to the Caucasians, it makes people feel a lot more comfortable. After all, Bangzi is used to kneeling and doesn't care about it once or twice.
The atmosphere of the room is deathly silent
Li Jianxi frowned and considered for a long time, which asset can be sold?
There are too many things to consider, including equity and related family interests, the core scope of business operations, and some companies that cannot be sold at a high price, such as Samsung Securities, Samsung Corning, and Samsung Networks.
At the beginning of this century, when the Samsung Group first started in the hands of his father, the symbolic enterprises CheilJedang and Cheil Textile could not be sold, which would seriously hurt the feelings of employees.
There are also some companies that cannot be sold, such as Samsung Fire, Samsung Life Insurance, Samsung Life, Samsung Heavy Industries, Samsung Electro-Mechanics, etc. that are related to national security.
After removing the core Samsung Electronics, Samsung SDI, and Samsung SDS companies, there are not many choices left.
Li Jianxi thought for a long time, and said constipatedly; "For Samsung Airlines, Samsung C&T and Shilla Hotel, you can tentatively contact companies in various countries that are interested in taking over and see their quotations."
Samsung C&T and Shilla Hotel?
Li Jinzhe couldn't help but twitch his face. Does Bangziguo still have a real estate business?
The tide of business closures is surging, and Seoul is the hardest hit area. The real estate has dropped so much that even grandma doesn't know it. The real estate market in Fusang next door is not far away, and it is still falling.
What price can these two companies sell for?
Samsung Airlines is better. Its business management and fleet are good. The age of the aircraft is generally relatively new. It also owns 11.6% of the equity of Seoul International Airport. The key is that the audience of this thing is too narrow.
The only ones that can take over are the airlines. Other US capitals are ready to take advantage of the fire, and basically there are not many good things.
No way.
This task is a hot potato, and Li Jinzhe wanted to shirk it, but seeing Chairman Li Jianxi's always resolute face looking worried like an old pumpkin, he couldn't help but soften his heart.
"Understood, chairman, we will do our best to do it."
"Okay, you guys step back, I want to take a good rest, I'm really tired."
"Then Chairman, take care of your health."
"Go! Eh"
After a long sigh, Li Jianxi was like an old man whose bones had been taken out, slumped on the armchair powerlessly, his expression instantly aged by more than ten years. (Remember the site URL: www.hlnovel.com - Didn't finish reading? Add this book to your favoritesI'm a member and bookmarked this chapterCopy the address of this book and recommend it to your friends for pointsChapter error? Click here to report
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