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Chapter 161 Process

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In fact, to put it bluntly, the reason why Daewoo Auto caused the current bankruptcy liquidation situation was entirely due to funds. Originally, the Asian financial crisis caused a large amount of foreign capital to withdraw from the Korean market had a huge impact on Daewoo Auto's crazy expansion. As a result, its founder Jin Yu-jung frantically swept away more than 20 billion US dollars of huge funds and disappeared, which led to Daewoo Auto's paralysis.

This has caused nearly 100,000 Korean employees to suffer. Many Daewoo employees have not received their salaries for more than a year, and even the shortest one has not received any salary for ten months. Many people have no salary for their families, so they have started to make trouble with the local government.

Therefore, when facing such a huge group, they have more headaches than anyone else and are anxious. Although they have issued a global wanted order to arrest Kim Woo-jung, there is not much progress at the moment. The key is that more than 20 billion US dollars of funds can be recovered. No one has a clear idea. So now there is Zheng Rongxuan, who has a lot of cash around him. It would be strange if President Kim and others are not in a hurry to get angry. Kim Woo-jung can take things slowly, but these tens of thousands of employees can't wait.

After accounting by the three major banks and preliminary consultations with the South Korean government, the focus of the dispute between the two sides was mainly on the amount of funds. The South Korean side believed that Zheng Rongxuan, who took over Daewoo Motor, should bear the debt, and the assets were almost equivalent to free gifts, that is, 35.5 billion US dollars.

Not to mention Zheng Rongxuan, even the three major banks will never do this. You are going to go bankrupt and auction now. Debts are your business. If the South Korean side insists on this price, it would be better to terminate the negotiations simply. Although Zheng Rongxuan is rich, he is not a fool. If this price is reported to Zheng Rongxuan, the three major banks suspect that they will be fired immediately.

After the three major banks coordinated and negotiated, they took a step back. They took out a salary that had been owed by tens of thousands of employees in the past, plus all the assets of Daewoo Automobile and Daewoo Diesel Engine Manufacturing Company, and finally offered $18.5 billion and gave Zheng Rongxuan more tax preferential policies in the next three years. After all, Zheng Rongxuan himself belongs to foreign capital. South Korea also has considerable discounts for foreign capital, and these discounts are completely applicable to the companies acquired by Zheng Rongxuan. In order to compensate Zheng Rongxuan for his contribution to South Korea's economy and society, the South Korean side should provide more preferential tax measures.

"This is the situation now. Although we are not in a hurry. If it delays for too long, there will be new actions on Ford." After the report, Martin Keane said to Zheng Rongxuan as the representative of the three parties. After that, he picked up a piece of pizza and started eating. After reporting, he reported that it was almost noon. It was basically them saying that Zheng Rongxuan was listening, and everyone moved from the living room to the restaurant.

Kim Tae-hee, who was sitting next to Jung Rongxuan, was shocked and speechless. She originally wanted to go back upstairs after serving coffee to everyone, but Jung Rongxuan patted the seat beside her and pulled her down. She did not insist, and thought that this was Zheng Rongxuan's acceptance of her.

When she went to the Frog Station with Zheng Rongxuan last time, she thought Zheng Rongxuan was just talking, but she didn't expect that it would take so long that Zheng Rongxuan had reached the substantial acquisition stage. You know, that is the main business of Daewoo Auto, the largest group in South Korea. Zheng Rongxuan actually bought it as soon as he said it was the acquisition. Could it be that the 30 billion US dollars mentioned last time, what Zheng Rongxuan said was true?

Even though she heard the conversation between Zheng Rongxuan and President Jin last time on the Frog Station, she still thought that Zheng Rongxuan could not have so much money at a young age. Even if she had a hundred and eight billion US dollars, it was already amazing. Because of this, and she was all owned by Zheng Rongxuan, even if she didn't have any vain intentions, she didn't want to leave Zheng Rongxuan again.

Now it seems that Zheng Rongxuan did not report it at the beginning, and even Zheng Rongxuan's assets are probably far more than US$30 billion.

Zheng Rongxuan tapped the dining table and thought, and the little elf in his head was helping him calculate. Although Zheng Rongxuan still felt like he was surrendering for $18.5 billion, after all, this was a year ahead of schedule, and he was not General Motors. Taking over Daewoo Group himself was equivalent to entering a brand new industry. General Motors only accepted some of the businesses in Daewoo Auto's sedan, and the remaining Daewoo Auto's assets were all divided and swallowed up by the other Auto Group.

Zheng Rongxuan, who originally felt that his money was not known where to spend it, finally found where the funds were going. Once he acquired Daewoo, he could also inject a lot of funds to quickly recover and grow. He invested in funds and technology, R&D, especially when he knew the hot-selling models in the next ten years or even decades. If he could not guarantee that his automobile group would develop into one of the most brilliant manufacturers, then he should have found a piece of tofu to kill him.

"The signing of US$18.5 billion before the end of October is valid. Every delay of one month is reduced by US$1 billion. How to choose to let the South Korean side decide. Now you can find the head of Daewoo Auto. After the acquisition, I will inject a lot of funds again. You will come back and help me come up with a plan to see how much money it will take for Daewoo Auto to be glorious again. If you increase manufacturing plants in North America, Europe, Asia, and South America, and increase R&D efforts, it will be how much money it will be needed."

Daewoo Auto's R&D strength is still quite trustworthy. In later generations, many of the cars under GM were actually developed by GM after the acquisition, especially GM's small projects on China Street in later generations, which were basically all developed by GM.

Therefore, with the powerful search engine of the Elf of the House God, Zheng Rongxuan can completely take out any model that has not yet been launched and throw it to the R&D department. It will be launched in a shorter time, because all the data search engines are ready-made, and even detailed the specific parameters of various parts.

Relying on Daewoo Automobile itself, as well as the manufacturing capabilities of South Korea and even the world, it can quickly launch one classic hot-selling model after another.

"Okay, Mr. Zheng, we will determine the results with the South Korean side as soon as possible, and will also find suitable CEO candidates worldwide. I wonder what you have for candidates for this position?"

Zheng Rongxuan shook his head slightly and said, "As long as the other party can control Daewoo Auto and can develop according to my intentions in the future, there is no other salary, and the salary can be a little higher than in the industry, but I will only sell Daewoo Heavy Duty Auto and Daewoo Bus shares. I want 100% absolute control of the main business of the sedan."

After confirming Daewoo's acquisition, people from the three major banks left after about 2:00 pm.

Looking at the after-dinner packaging boxes and garbage in the restaurant, he grabbed Kim Tae-hee, who was about to acquire it, and said, "Forget it, let's call the housekeeping company to come over. It has been three days since I cleaned up my house, so I just let them come over and clean it carefully."

Kim Tae-hee said with some laughter and cry: "It's not that I can't do it. When others find out, I think I'm lazy."

Zheng Rongxuan held her hand and walked upstairs and said, "I feel sorry for you, right? Why do you have to do it yourself if you have a housekeeping company? It would be nice to have a rest and read the script."

Jin Tai shook his head helplessly, and went upstairs with Zheng Rongxuan with sweeter heart than a smear of honey. After a while, he said, "Rongxuan, do you not want your woman to show up in public? If you don't like it, I can stop acting in the future?"

Zheng Rongxuan was slightly stunned, turned his head to look at Kim Tae-hee, and saw a hint of worry and nervousness in her eyes. He immediately scraped her nose with some amusement and said with a smile: "What are you thinking about? You are not the canary I raise. Just do whatever you like. You are not like me. You are still at home all day and won't you be crazy."

Kim Tae-hee smiled sweetly and gave her a sweet kiss. The worries in her heart disappeared. As Jung Yong-hyun said, staying at home all day is not her personality, and she is now in love with the career of an actor. Of course, she has never given up on her dream of being a fashion designer.

Jung Yong-hyun's home is particularly lively. Jeon Ji-hyun, Song Yun-ah, Han Chae-young and Kim Tae-hee all arrive in the evening or at night.

The first time the four women gathered so together, although they knew each other vaguely or clearly, they did not expect that everyone would meet each other by chance.

This made Jung Yoon-hyun embarrassed. Jeon Ji-hyun and Han Chae-young were fine. Anyway, they already knew each other, Kim Tae-hee and Song Yoon-ah also knew each other, and even Kim Tae-hee and Song Yoon-ah also knew the unclear relationship between Jung Yoon-hyun and Jung Yoon-hyun. Jeon Ji-hyun also knew that there was a relationship between Kim Tae-hee and Jung Yoon-hyun, but she didn't understand, how could Song Yoon-ah, who was 9 years older than Jung Yoon-hyun, maintain such a relationship with Jung Yoon-hyun?

In the awkward atmosphere, Song Yuner wanted to quit, but was pulled by Zheng Rongxuan, sat beside her, glanced at the four women, and said, "You know what kind of person I am now. To be honest, I don't plan to let any of you go."

"Tsk, who do you think you are? You are just a tool for nuna!" Jeon Ji-hyun glanced at his mouth, feeling a little angry. Can't this damn guy be restrained? Although he knows that you are more powerful in that regard, aren't there me and Chae Young? Why do you still pester Kim Tae-hee and Song Yun-a, the "old woman".

"I was just being hidden by the boss. Will the boss still accept me as a concubine?" Han Caiying smiled and gave a charming look at Zheng Rongxuan. Among the few people, she only counted that she had received Western thoughts for more than ten years, but she still maintained the consciousness of traditional Korean women in her heart. Otherwise, she would not have been in Korea for more than a year before she could get herself cheaper. (To be continued) r655
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