Font
Large
Medium
Small
Night
Prev Index    Favorite Next

Chapter 261 Danyu's Legacy

In the police station detention center, Park In-yong looked at his son silently.

"Dad, hurry up and start a relationship and get it out for me!" Park Wenhao said anxiously.

Park In-yong smiled bitterly and said, "There is no relationship, son."

"Don't the family still have money?"

"It's gone, our family can only live by renting a house."

Park Wenhao shouted: "What!? You sold my car too?"

With such a virtue, he was still thinking about his luxury car, and Park In-yong felt a little sad.

Park In-yong thought, he didn't dare to replace you at the beginning because he was afraid that you would be killed by Liu Ming and Li Ningbo!

During the lawsuit by the Group today, the National Bank, which participated in the division of the Group, was claimed 1 billion meter yuan!

According to the evidence collected by the lawyers, the National Bank was not unaware of the behavior of the former president Cheng Bingze. The group split even held an internal meeting and received collective signature confirmation.

In a private club invested by the Today Group, Han Zaiyang, a negotiator of the National Bank, and Liu Ming, a plenipotentiary representative of President Che Qimei, sat together to study solutions.

Acting President Han Zaiyang is still very grateful to the young man opposite him. In the senior-level Goryeo banking system, he is only the fourth-ranked vice president. He manages some marginal affairs. I am afraid that he will waste a few more years and will have to enjoy his retirement life.

But unexpectedly, Cheng Bingze's incident happened and had something to do with the previous three deputy governors. In order to avoid suspicion, the Central Bank of Goryeo had to appoint Han Zaiyang, who was familiar with the internal situation, and was urgently responsible for discussing a settlement plan with the Today Group.

"Hello, Mr. Liu!"

"President Han, congratulations!"

"Ahem, you've been awarded. This time we will communicate the lawsuit between the two companies."

Liu Ming nodded and said, "Sece? Alas, I'm going to tell you, this time President Che invited four major law firms to fight for property lawsuits, but today Cars gave in, and they were all insiders of the Park family, so they settled out of court. The law firm could not get the full winning bonus, and these Americans were very unhappy!"

Han Zaiyang opened his eyes wide, and he felt that you were waiting to win us so that you could give consolation prizes to those American law firms?

In fact, the National Bank is not unable to afford this money. Even the group's loans to the National Bank today are far more than this number. However, the bank is now controlled by American Capital. Although it does not participate in daily operations, the financial report control is very strict. Once it is found that the non-operating losses exceed the limit, all the bank's senior management will be cleaned up. For bank executives who are no longer civil servants, it will be a catastrophe in the absolute sense.

Thinking of this, Han Zaiyang suggested: "I heard that the Today Group has a little tight capital flow recently, so we can increase our cooperation in this regard."

Liu Ming raised his eyebrows slightly and said with a smile: "How can you be so embarrassed? I believe that the return of today's car will soon improve cash flow."

Han Zaiyang sighed, "I don't know, Mr. Liu has any good suggestions?"

Liu Ming smiled and poured a cup of tea for Han Zaiyang, "Tianjin Group has developed very steadily under the leadership of President Che, and we are also very ambitious. But now, the heavy industry sector has not yet returned, which is very unfavorable to the development of some of today's merchant ship businesses."

Han Zaiyang was also confused. As he talked about the heavy industry, he went to the heavy industry.

Liu Ming simply asked without going around in circles, "I heard that our National Bank is still in charge of Danyu Company?"

"This..." Han Zaiyang was a little stunned. He didn't expect that the group would be interested in Danyu, who had been in bankruptcy for many years.

Liu Ming shook his head slightly, "It seems that President Han, you have performed your important tasks and have not yet inquire about some affairs in the industry. Let's make an appointment next time!" After that, he put the teacup back to his original place, stood up cleanly and left.

"Consultant Liu, Liu...ah!"

Han Zaiyang was ashamed of Liu Ming's words. He had been the vice president for more than ten years. He was not even familiar with the agency holding assets in the industry, so he came to negotiate with others.

After returning to the headquarters, Han Zaiyang transferred all the information from Danyu overnight and began to make up for it.

This Danyu Group was once known as the heavy industry dual of Nan Goryeo today. At its peak, it had assets of 60 billion meters and made achievements in chemical, automobile, electronics, shipbuilding, communications and other fields.

However, during the financial crisis in 1997, the founder still adhered to the concept of high debt operation, and as a result, he owed hundreds of billions of financial institutions led by the National Bank, and was insolvent and forced to go bankrupt and liquidate.

The situation after Danyu went bankrupt was like a whale falling after the death of a whale. All companies began to absorb its nutrients to enrich and strengthen themselves.

First, the US GM company bought Danyu's best-quality automotive sector at less than one-tenth of the price to enrich its low-end automotive products.

Next, with the acquiescence of the South Goryeo government and even instigation, domestic chaebols began to take action to acquire business resources related to them from the custodial bank.

Even so, there are still a large amount of heavy assets and real estate left in the bank without taking over.

Han Zaiyang looked at the thick stack of bank holding assets and evaluated the report.

"Shipbuilding, machinery, factory...what part does this kid want?"

The next day, Han Zaiyang invited Liu Ming again. What he lacked the most was time. Liu Ming could afford it, but he couldn't afford it.

"President Han, it seems you are prepared for this time." Liu Ming looked at the folder in his hand with satisfaction.

Han Zaiyang nodded, "I wonder if there is any proposal for Danyu Company you mentioned yesterday?"

Liu Ming smiled and said, "Danyu is entrusted to the National Bank. After selling it for so many years, I'm afraid there are no excellent assets left to sell. I just hope to help the bank run this company in the form of cooperation."

“How to cooperate?”

"Today's Group hopes to take over Danyu at a reasonable price."

Han Zaiyang was shocked. Unexpectedly, Liu Ming had such a big appetite and wanted to swallow Danyu's entire assets.

"Ahem, Mr. Liu, maybe I need to clarify with you that the remaining assets of Danyu will not be less than 20 billion meters." The implication is that the National Bank will not sell Danyu's assets at such a low price.

Liu Ming's smile gradually calmed down and he stared at Han Zaiyang for a minute, "Governor Han, what I emphasize is reasonable, and the answers that can be obtained are so unreasonable."

Han Zaiyang frowned and said, "What is your psychological price?"

Liu Ming smiled and said, "2 billion meters!"

Han Zaiyang's face changed and he said decisively: "This is absolutely impossible!"

Liu Ming put a piece of paper out of his pocket, "Governor Han, this is the operating income of Danyu Company under bank supervision in previous years, and its profit has not exceeded 50 million meters per year. Is it too much for me to pay the profit for 40 years in one lump sum?"

"Danyu Ship Industry has the second largest shipyard in Quannan Goryeo, as well as a large amount of real estate such as docks, freight yards, warehouses, etc. If you sell it at such a low price, I will become the sinner of the National Bank!"

"When it comes to real estate, it's all in the wilderness and no one wants it for five or six years. Will there be any appreciation potential? Today's Group urgently needs shipbuilding capabilities before investing in acquiring Danyu. When the Heavy Industry is taken back in the future, you want to sell it, but I won't buy it. President Han, please think about it again. If the settlement cannot be reached now, I'm afraid you are the number one sinner of the National Bank."

Even though Han Zaiyang argued, he could play very few cards.

In the end, the two reached a private agreement that the Today Group acquired all the assets mortgaged to the bank by Daewoo Company for a price of 3 billion meters, and the money was mortgaged by Today Merchant Shipping Co., Ltd. and all of them were loaned to the National Bank.

The National Bank is responsible for paying attorney fees for the four major law firms.

At this point, the Today Group reached an out-of-court settlement with Park In-yong and the National Bank, not only won back the Today Automobile, but also acquired Danyu's assets.

This battle brought the weak and dying group to the top!

Liu Ming's plan began to surface. Since he came, he would rest assured. He squatted in Nangao for several months and didn't carry back a few bags of specialties. How could he calculate the imperial fugitive?

Han Zaiyang, acting president of the National Bank, successfully resolved this lawsuit worth 1 billion meters, before submitting the financial quarterly report to the United States, and firmly settled the throne of the president.

On the other side of the ocean, a commercial building on Huaer 2nd Street.

"Mike! Have you seen the quarterly report submitted by the South Korea National Bank?"

"Hey, Robben, I just saw it, it's not bad!"

Mike shook his head and said, "No, no, no, I want to ask, why didn't the entry about Danyu be found? Are they making fake accounts?"

Robben said: "Well, Danyu, I took an email from the other side, saying that I found a big customer and sold the Danyu assets I held to the Today Group, and received a loan of billions of meters! "

"Has it finally sold? Great! Finally got rid of those shipyards that were losing money! It was Danyu, which has been dragging down the performance of the National Bank." Today's Group is also a major loan owner of the National Bank. This merger and acquisition will greatly increase the bank's estimated profits, and Mike is very happy.

Robben said: "Yes, I think the bank executives across the Pacific are now celebrating with champagne."

Mike said: "It's certainly worth it! Let's go have a drink too!"

...

Liu Ming analyzed the Danyu assets he bought and was preparing to classify and integrate them.

The shipbuilding sector he values ​​most is relatively complete and is also the heavy asset with the most losses. The manufacturing range is quite complicated, ranging from fishing boats to warships, petroleum liquefied gas transport ships, maritime platforms, etc.

The mechanical section also includes excavators, trucks, etc.
Chapter completed!
Prev Index    Favorite Next