Rebirth of the Industrial Tycoon - Vol 2 Chapter 523
Chapter 523 You come back soon!
Sanquan Medical Device Factory, the office of the Korean representative is busy, and all kinds of “Smecta” voices are endless.
People who don’t know thought that the Korean cadres inside were busy working on the office, but when they walked into some, they found that the cadres from South Korea were packing things and destroying documents.
This posture makes it clear that you are going to leave behind!
Not long after, Niu Gaofeng, the director of Sanquan Medical Equipment Factory, hurried over.
Seeing South Korean cadres throwing copies of documents into the shredder, Niu Gaofeng felt very upset, and he immediately found the person in charge of the Korean side.
“Deputy Quan, what are you doing?” Niu Gaofeng asked.
“Mr. Niu, we have received an order from our superiors to immediately withdraw from your factory.” Agent Quan said.
“Withdraw? But the acquisition has just begun, right? Is Daewoo Group going to send others to continue the acquisition?” Niu Gaofeng asked puzzled.
“I have not heard that someone else will take over our work.” Agent Quan put on a poker face, and then said: “The instruction we received is to withdraw from here immediately.”
“Quan agent, is there anything wrong with our Sanquan Factory?” Niu Gaofeng asked immediately.
“Your people are very friendly.” Agent Quan replied.
“Are there any areas where we are not entertained well?” Niu Gaofeng asked again.
“Your hospitality is very thoughtful. On behalf of all of our colleagues, I would like to express my gratitude to you for your hospitality these days.” Quan Ji said officially, but there was no gratitude expression on his face.
“Why is that? Didn’t you do a good job? Why do you want to leave? And if you leave, who will be responsible for the acquisition?” Niu Gaofeng continued to ask.
Agent Quan shook his head: “I don’t know about that! Although I am an agent, I am only one level higher than ordinary employees. Why did the senior executives make such a decision? I don’t know. I just obeyed the orders. The company asked us to return to Korea, so we naturally have to obey the company’s orders.”
“Back to Korea?” Niu Gaofeng was surprised again.
Things have reached the point where the Korean cadres are going to return to China. This must be a big trouble!
“You have to report to Director Shen as soon as possible!”
Thinking of this, Niu Gaofeng ran all the way back to the office, and then dialed Shen Yuan’s number.
However, the call was directly hung up.
At this time, Shen Yuan had no intention of answering Niu Gaofeng’s call.
The representative of Daewoo Group, Consultant Park, has already submitted a statement of divestment to Shen Yuan.
“Withdrawal?” Shen Yuan widened his eyes, with an unbelievable expression, and asked; “Why is Daewoo Group withdrawing capital? Are you dissatisfied with the previously discussed acquisition conditions?”
“As for the acquisition conditions, the permission of the group headquarters has been obtained, so it is not convenient for me to comment more.” Consultant Park said.
“Consultant Park, if you are not satisfied with the conditions, we can still talk about it. The big deal is to sign a supplementary agreement. There is no need to divest!” Shen Yuan said immediately.
Having finally found a foreign investment, for this reason, he gave up the better conditions of puppy appliances. How can this let people go!
However, Consultant Park replied: “This is the decision of the group headquarters. The headquarters requested that the acquisition of Sanquan Medical Device Factory be stopped and all relevant personnel should immediately return to South Korea.” Consultant Park said.
“Consultant Park, you Daewoo Group can’t do this, but we have signed a contract, we should act in accordance with the contract signed by both parties!” Shen Yuan said.
“Mr. Shen, I am very sorry to tell you that from now on, we will unilaterally terminate the contract and will not perform the content of the contract.” Consultant Park still has a poker face.
“Consultant Park, after we signed the contract, the acquisition of Sanquan Medical Device Factory has begun. Not only on our side, your Daewoo Group has also contributed a lot of manpower and material resources. If you want to terminate the contract now, what you have done before , But it was wasted!” Shen Yuan said immediately.
Consultant Park thought for a moment, and then said: “We signed the agreement to pay 25 million yuan in installments. The first batch of 2 million yuan has been paid.
Now that the contract has been terminated, please return the 2 million yuan purchase price to us. As for the expenditure on human resources, it is regarded as a loss, and we will bear it on our own without any compensation from you! ”
“What? If you unilaterally tear up the contract, we have to lose money!” Shen Yuan suddenly became angry.
Consultant Park had a calm expression and said, “Mr. Shen, we have wasted a lot of time for this project. We did not ask you to compensate for these losses. We just asked you to pay back the 2 million. We have already done a lot. Made a concession!”
“But that’s not written in the contract!” Shen Yuan said in a threatening tone: “Consultant Park, if you can’t perform the contract, we will go to the court to sue you. At that time, your Daewoo Group will pay a high amount. Liquidated damages! The loss is definitely much greater than it is now.”
“Then you go to sue!” Consultant Park looked confidently.
Shen Yuan said, “Consultant Park, I want to remind you that we are a country that speaks about the rule of law, and there is a contract here. If we really fight against Bo Gongtang, you will definitely lose the Daewoo Group. Then you Compensation for liquidated damages!
I know, you might think that you are a Korean company, even if you lose the case, our judicial authorities cannot go to Korea to collect debts. But don’t forget, your Daewoo Group also has a lot of investments in China.
Don’t say anything else, just say that in Jinzhou City, your Daewoo Group also has several investment projects, right? The assets of these projects will all become the execution targets of liquidated damages! ”
“Really?” Consultant Park smiled slightly and said; “Mr. Shen, you probably didn’t read the contract carefully? It is not Daewoo Group, but Hanyu Co., Ltd. who signed the contract with you!”
“Han Yu Company is not yet an enterprise under your Daewoo Group!” Shen Yuan snorted coldly.
“However, Han Yugong is an independent company with most of the shares of Han Yu, which is owned by Daewoo China Investment Co., and Daewoo China Investment Co., Ltd. is in turn held by Daewoo China. Daewoo China is a subsidiary of Daewoo China A company under the Daewoo Group. In this way, the Daewoo Group only holds shares indirectly.”
Consultant Park paused, and then said, “If you insist on the lawsuit, let Han Yu go bankrupt! Even if you win the lawsuit, you won’t get anything! It will not affect the Daewoo Group.”
Daewoo Group came to acquire Sanquan Medical Device Factory, of course, it will not sign the acquisition contract as the group itself, but specifically registered a Hanyu company. The Daewoo Group has completed its control of Hanyu Company through multi-layered indirect shareholding methods.
If Hanyu Company goes bankrupt, only one Hanyu Company will be liquidated, and the legal representative of Hanyu Company will be found, and the Daewoo Group will not be affected.
This method is not uncommon in later generations. The actual controller of many large companies is often not the legal representative of the company. The real boss will not directly hold a large number of shares in the company, but will pass a series of subsidiaries or grandchildren. , To hold more than 50% of the company’s shares, from controlling the entire company.
Once something goes wrong with the company, since it is an indirect holding, it can be easily divested. At most, you will lose this part of the equity, and the debt has nothing to do with you.
Regardless of whether it is a limited liability company or a company limited by shares, the debts of the company are generally assumed to be repaid with the company’s property. For shareholders, what they pay is their own capital or equity, and they will not let shareholders Help pay off debts.
Obviously, Daewoo Group had already thought of this when signing the contract, so it registered a Hanyu company and signed a contract with Sanquan Factory.
Now that Daewoo Group is ready to divest its capital, then this Hanyu company has become a target that can be discarded at any time.
Shen Yuan and Sanquan Factory, naturally did not realize this. With their understanding and cognition of business, it is normal for them to not realize it.
So when Daewoo Group really wants to withdraw its capital, even if the third factory wins the lawsuit, it will not make a profit. People can directly bankrupt Hanyu Company.
Shen Yuan never expected that Daewoo Group would have such a sullen trick, and he was speechless for a while.
Consultant Park went on to say: “You give us back 2 million, which is also good for you!”
“The money is returned to you, what else can it do?” Shen Yuan snorted coldly.
“You can get the friendship of Daewoo Group!” Consultant Park smiled slightly, and then said; “If you return the 2 million to us, it will leave a good impression on the group headquarters.
Our Daewoo Group has a lot of overseas investments. If there are any more investments in the future, I believe the group headquarters will give priority to you here!
On the contrary, if you have to leave the 2 million, it will definitely leave a very bad impression on the senior management of the group. If there are investment projects in the future, I am afraid that you will not be considered here. ”
Shen Yuan’s face sank. This time the other party unilaterally broke the contract. It is said that he was the one who took the reason, but in the end he was threatened by the other party!
However, this threat from Consultant Park made Shen Yuan have to think seriously. After all, Daewoo Group is a large international enterprise. If Daewoo Group will never invest again for the sake of a mere 2 million yuan, it will definitely be a loss.
After groaning for a moment, Shen Yuan had no choice but to speak; “Consultant Park, this matter is not something I can decide, so let me ask the leader for instructions before making a decision!”
…
Daewoo Group’s divestment came very suddenly, so Shen Yuan naturally wanted to inquire about the reason for Daewoo Group’s divestment.
Jinzhou originally had many Korean-funded enterprises, and there were also many Koreans working in Jinzhou. Shen Yuan initiated a relationship. After inquiring about it in detail, he learned that not only in Jinzhou, but in the whole of Asia, Daewoo Group is shrinking capital.
Many overseas investment projects were suspended, and funds were drawn back to South Korea.
Although Shen Yuan is not an economist, he also realized that there should be a problem with the capital flow of Daewoo Group, so he began to shrink overseas investment.
However, the acquisition project of Sanquan Medical Device Factory has officially started. At this time, Daewoo Group, as the acquisition party, suddenly chose to withdraw its capital, and the entire acquisition project was dying.
Let’s not talk about the duck flying, but how to arrange the more than 1,000 employees of Sanquan Factory is a big problem.
If there is no such thing as acquisition, then the problem is solved, the enterprise has no way out, the laid-off workers who should be laid off, the resettlement of the resettlement. Even if employees have complaints, they can only accept it. After all, this is the case in the general environment.
The acquisition contracts are all signed, which is equivalent to finding a way out for the Sanquan Factory and also saving jobs for the employees. Now that the acquisition is suddenly terminated, it has broken the jobs of the third factory and more than 1,000 employees. The consequences are serious.
The hatred of smashing people’s jobs is not shared! Shen Yuan can predict that in the future, many employees from Sanquan Factory will appear in the petition department.
The failure of this acquisition will inevitably require someone to bear the responsibility. As the person who directly handles Shen Yuan, it is the one who bears the responsibility in all likelihood.
Thinking of this, Shen Yuan suddenly had a headache.
“I knew that Korean companies were so unreliable, and they shouldn’t have sold Sanquan Factory to them. If they sold it to Puppy Group, maybe Sanquan Factory would resume production now!”
Thinking of this, Shen Yuan was full of regrets. If there was no fawning, superstitious foreign investment, Sanquan Factory would not have made the mess it is today.
In the next second, Shen Yuan’s brain suddenly flashed.
“Otherwise, I’ll talk to Puppy Group again to see if they want the Sanquan Factory. As long as the Sanquan Factory can be sold and the jobs of more than 1,000 employees have been solved, then I will be able to make up for it. NS!”
Fortunately, Mr. Sun Nan has not released the “Southern Aurora”, otherwise, in Shen Yuan’s mind at this time, he would definitely think of the song “You Come Back”!
…
Lu Guangming came to Li Weidong’s office excitedly.
“Dong Li, Shen Yuan from Jinzhou City called me again and said that Daewoo Group had withdrawn its capital. He asked us if we were still interested in Sanquan Factory?” Lu Guangming had a happy expression.
“Would you not directly answer that you are interested?” Li Weidong asked.
“Of course you wouldn’t say that, and I’m not stupid.” Lu Guangming continued; “I told Shen Yuan that we have inspected several southern companies and have already begun to discuss specific acquisition details.
Then Shen Yuan begged me to consider the Sanquan Factory. I talked to him for a long time before reluctantly agreeing, saying that he would report to you.
When I turned back to him, I said that you didn’t plan to consider Sanquan Factory, but I said a lot of good things, and finally made you change your mind and reconsider Sanquan Factory! ”
Lu Guangming was born as a medical representative, and he was able to use this scheming method.
Only listen to Lu Guangming then said: “I asked my friends on Hong Kong Island to inquire, saying that Daewoo Group has recently started to sell assets on a large scale, and the ongoing overseas projects have also stopped. It seems that there is a problem with the capital chain.
Chairman, you are really a clever calculation. Daewoo Group is a company with a market value of more than 60 billion U.S. dollars. Such a behemoth, if you say something, it will go wrong! ”
Li Weidong replied: “This is not just a problem for Daewoo Group, but a problem for South Korea as a whole. The fire of the Asian financial crisis has finally burned to South Korea! In the coming year, Korean companies will not have a very good life. ”
…
During the Asian financial crisis, South Korea suffered heavy losses. Almost the entire country was sold to Wall Street before it survived. Large companies and banks became foreign holdings, and the entire South Korea became Wall Street wage earners.
South Korea’s problems are the same as those of Southeast Asian countries, they are all debt problems. For example, short-term loans are used for long-term investments, US dollars and Japanese yen are used for loans, and local currency loans are used.
Although this can attract a large amount of overseas investment in a short period of time, it will make the currency system vulnerable to attacks.
Unlike Southeast Asian countries, South Korea has a large amount of domestic debt, which is caused by mutual guarantees between companies, and these companies are precisely related to the chaebol.
South Korea’s economy is controlled by big chaebols, and these big chaebols have many subsidiaries, which are involved in various Korean companies.
When these subsidiaries lack funds, they will obtain bank loans through mutual guarantees.
What’s more, when South Korea’s financial industry opened up, the chaebols themselves had bond companies, so it became easier for subsidiaries to guarantee each other.
And South Korea’s policy originally encouraged banks to lend to these chaebols, so the review of mutual guarantees of such subsidiaries is relatively lax.
A guarantees B, B guarantees C, and C guarantees A, and then everyone gets the loan. This kind of mutual guarantee is inherently very risky. Once there is a problem in one of the links, everyone will die together.
When the Asian financial crisis struck, South Korea had a certain ability to resist. After all, South Korea is a wealthy industrialized country, and its ability to withstand financial risks is definitely much stronger than that of poor countries.
However, the mutual guarantee of such large chaebol subsidiaries in South Korea caused the financial system to collapse in an instant after South Korea encountered the Asian financial crisis.
For the Korean chaebol, as long as one of the subsidiaries has a problem, the other subsidiaries will fall together like dominoes, and even the chaebol will be gone.
Daewoo Group is like this. In 1996, Daewoo Group formulated an expansion strategy. Expansion requires money, so Daewoo Group obtained a large amount of loans by guaranteeing each other from its subsidiaries.
So when the financial crisis broke out, Daewoo Group was one of the chaebols who filed for bankruptcy.
Because the spread of their stalls is too big, the loans between subsidiaries are also too much, the flow of funds is instantly broken, and the rescue is impossible. In the end, the assets of more than 60 billion U.S. dollars were all cheaper by the Americans.
This kind of situation can only happen in South Korea. In order to develop the economy, South Korea allowed the barbaric growth of the chaebol, and even promoted it. And the hidden dangers caused by this kind of pull-out encouragement, there will always be an outbreak one day.
It can be said that the chaebol economy has created South Korea’s economic growth, and it has also brought unsolvable structural problems to South Korea’s economic system.
If one day, the Korean economy collapses again, the problem will inevitably lie with the chaebol!
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(End of this chapter)