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057 Korea Strategy (5)

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    "Of course, except for the part of the shares that are equal to the value of the Hyundai Motor shares in your hand that really belong to you, the other shares of the Hyundai Group will be pledged to Hong Kong Star Investment in the form of loan mortgages. A repayment period can be specified for this part of the shares.  As for how long the time limit is and what happens if you fail to repay the money after the time limit, that depends on the negotiation between the two parties!"

    30% of Hyundai Group shares!  For Zheng Mengjiu, this is definitely the most powerful temptation!  The current share situation of Hyundai Group is that father Zheng Juyong alone holds 40%, of which four sons, the second, third, fifth and seventh, own 5% each, Zheng Sangyong owns 10%, and the rest are either scattered in the stock market or controlled  in the hands of some small shareholders.

    The entire Zheng family controls 70% of the shares of Hyundai Group. Just now Zheng Xiangyong said that Hong Kong Star Investment holds 30% of the shares. Zheng Mengjiu knew that he, a small number, had already transferred 10% of his shares to Hong Kong Star Investment.

    Zheng Mengjiu is not an idiot. If the conditions offered by Hong Kong Star Investment are true, then it means that he nominally controls 35% of the shares of Hyundai Group. Even if only part of the shares truly belong to him, he has become a member of Hyundai Group in name only.  As the second largest shareholder after his father Zheng Zhouyong, his influence in the group in the future will far exceed that of Lao Qi.

    Zheng Mengjiu believes that when his father decides to retire, he, as the second largest shareholder of the group, will definitely be his father¡¯s first choice. If his father does not choose him, with the help of Hong Kong Star Investment, a powerful partner  , he can also acquire other shares on the market, thereby forcibly becoming the largest shareholder, and naturally taking the position of chairman of the group.

    But does this count as betraying the family¡¯s interests?  Zheng Mengjiu thought about it carefully and felt that if he cooperated with Hong Kong Star Investment and helped them obtain Hyundai Motor, it would not be a big loss to the family.

    The current operating situation of Hyundai Motor is not very good. In Asia, the auto market is now dominated by Japanese and European cars. In terms of technology and production capacity, Hyundai Motor cannot compare with Japanese and European car manufacturers.  It is difficult to gain a larger share of the Asian market.

    Domestically, although Hyundai Motor occupies 30% of the market, facing Daewoo Motors, which controls half of the country, it would be good if Hyundai Motor can hold on to the existing market. From a business perspective, it helps Hong Kong Star Group obtain Hyundai Motor.  This is still a good thing for Hyundai Group.

    First of all, Hyundai Group has a market value of only US$800 million. In terms of asset size, it only occupies a very small part of Hyundai Group. Selling it will not have a great impact on Hyundai Group. Moreover, in terms of business prospects, disposing of it is equivalent to throwing it away.  A baggage.

    Secondly, Hyundai Group can obtain the most urgent liquidity from the sale of Hyundai Motors, and Zheng Mengjiu can also take this opportunity to establish a partnership with Hong Kong Star Investment. After he takes over the Hyundai Group in the future, he can cooperate with Hong Kong Star Investment  Carry out multi-faceted cooperation.

    Zheng Mengjiu summarized it carefully and found that this transaction was beneficial to both himself and Hyundai Group. It can be said to be a win-win cooperation plan.

    And Zheng Mengjiu doesn¡¯t have to worry about Hong Kong Star Investment having evil intentions towards Hyundai Group. After he exchanged Hyundai Motor¡¯s shares with Hong Kong Star Investment for Hyundai Group shares of equal value, he owns about 10% of Hyundai Group shares.

    The entire Zheng family still holds 65% of the shares of Hyundai Group. No matter how wealthy and powerful Hong Kong Star Investment is, it cannot touch even half of the core industry of Hyundai Group. Since there is no danger, why should Zheng Mengjiu refuse?

    From the moment Zheng Mengjiu started thinking about it, Zheng Xiangyong knew that the matter was already half done. If he hadn't been so proud of his nephew, he would have rejected the idea of ??cooperation long ago. Now that he is willing to consider it, then  He must have been moved.

    "By the way, uncle! You are so enthusiastic to help me this time. It seems that the Zhao family in Hong Kong has given you a lot of benefits, right? Can you tell your nephew about it?" After making a decision in his heart, Zheng Mengjiu raised his head with a smile.  asked.

    It won¡¯t make any difference if I tell you!  With this smile on his face, Zheng Sangyong said: "Of course there are benefits! After this transaction is completed, I will hold the position of chairman of Samsung Group, which was acquired by Hong Kong Star Investment! From now on, Hyundai Group will have nothing to do with me!"

    "Uncle, are you so sure that I will agree to cooperate with you? Aren't you afraid that I will refuse? In that case, you will not be able to take the position of chairman!" Zheng Mengjiu, who was in a good mood, actually started to joke.

    Zheng Xiangyong winked slyly and asked: "Will you refuse? I'm afraid you want to complete it more than me.Collaboration this time?  I don¡¯t believe you would be stupid enough to refuse such a thing that is good for both you and me. If that were the case, you wouldn¡¯t be Zheng Mengjiu who kicked me out of Hyundai Motor!  "

    Still got caught!  Zheng Mongjiu smiled awkwardly and drank tea to cover up his gaffe. Zheng Sangyong did not continue the topic. Zheng Mongjiu is the most likely successor to the Hyundai Group in the future. If he wants to do better in the Samsung Group in the future,  I'm afraid we have to establish a good relationship with Hyundai Group.

    After finishing the tea tour, the subtle atmosphere just now had dissipated. After knowing each other's trump cards, the two uncles and nephews who had always been opposed to each other found that the antagonistic emotions between them had dissipated and were replaced by  It¡¯s a feeling of appreciation for past opponents.

    When it comes to business talents, apart from Zheng Zhouyong, the Zheng family's uncle and nephew, who are about the same age, are probably the most capable. Unfortunately, one of them has been deliberately suppressed by his brother from the beginning, and gradually became more and more powerful in the Hyundai Group.  One lost the opportunity to display his talents, while the other was not liked by his father because he was too sharp.

    After eliminating the hostility between each other, both Zheng Xiangyong and Zheng Mengjiu discovered that the situations and experiences of the uncle and nephew in the past were quite similar. It seemed that they felt that they were in the same boat and felt sympathy for each other.

    "Hahaha!" After a burst of tacit laughter, the previous grudges between Zheng Xiangyong and Zheng Mengjiu's uncle and nephew had dissipated. What was left was only mutual respect and understanding as future partners.

    "By the way, uncle! I wonder which young master of the Zhao family is here this time?" Zheng Mengjiu quickly made a new round of tea, handed a cup to Zheng Xiangyong, and asked casually.

    Zheng Xiangyong took the tea cup and put the quilt back on the shelf after drinking: "It's the third young master Zhao Zhenbei! What? Are you nervous about meeting a big shot? Don't be nervous, the third young master is an interesting young man! And he is also quite good.  A good person to talk to!" (Remember the website address: www.hlnovel.com
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