Rebirth of Hong Kong's tycoons, shorting Eagle Sauce

December 28, 1996, was an unforgettable day for the Han people.

Representative Jin announced a good news and a bad news in front of the TV.

The good news is that they no longer have to worry about international credit bankruptcy. They have accepted the 50 billion US dollars of aid delivered by the White Dragon Bank in two phases!

Of which 20 billion US dollars have been received, 10 billion of which are used to pay short-term international debts that are about to expire.

The rest will be used to rescue companies that are about to go bankrupt.

Hearing this news, the people around the TV cheered. As long as their credit is not downgraded, their foreign trade can continue.

Some small businesses on the verge of bankruptcy seem to have seen a glimmer of hope to continue to survive.

But Representative Jin then announced another piece of bad news:

"It is because of over-expansion and over-consumption that our country has come to this point today.

From today on, we must change the previous development strategy of excessive pursuit of quantity and output.

While we accept the assistance of the White Dragon Consortium, the financial industry needs to accept the other party's comprehensive control. The White Dragon Bank has the right to supervise the bankruptcy and reorganization of all our companies."

This news shocked everyone, especially for the big chaebols, this is not good news.

Originally, according to their expectations, after receiving the IMF's assistance, in addition to repaying some international loans of the company.

The rest will be used to acquire other bankrupt companies.

Nowadays, small and medium-sized enterprises in Han Country are unsustainable, and the top 30 companies are on the verge of bankruptcy. It is the best time for capital to reshuffle.

But now that the economy is regulated by the White Dragon Bank, it is different.

If they want to acquire and merge other companies, they can't do without the White Dragon Bank. This feels like they have another emperor on their heads.

The most awkward ones are the Daewoo Kim family and the Samsung Lee family.

We were all good brothers playing together, but suddenly one day, you said you wanted to be my father.

We will talk about our own things from now on.

Anyone would feel uncomfortable.

What bothers them most is that they must get Wang Lei's permission if they want to continue to use loans to pay off loans.

In other words, whether they will go bankrupt or not depends on Wang Lei's words.

Thinking of this, several chaebols were terrified and scared.

The first person to send a congratulatory message was Xin Lao Da, the head of Lotte. He had to send a message. The two families had an old grudge. Although it has been a long time since the incident, he was still worried that Wang Lei would settle the score later.

"Mr. Wang, in addition to expressing my loyalty to you this time, I still want to remind you of one thing. You have destroyed the IMF's plan. Be careful of the counterattack of the capital behind you.

If there is any use for Lotte, just speak up. I will bite whoever I want to bite."

Wang Lei certainly knew the reason why he was so eager to show his loyalty. Lotte had taken on a large amount of foreign debt in order to expand in Han Country. Once the supply was cut off, the capital chain of Lotte Group would be very dangerous.

"Boss Xin, come to Wang's house in Myeongdong for a meeting tomorrow night."

"Okay, I will be there on time."

Hyundai, LG, SK and other large groups have sent congratulatory messages, hoping to get closer to Dad in the future.

On the contrary, Samsung and Daewoo reacted the slowest.

Jin Yuzhong, who visited again, couldn't help but feel a lot of emotion.

"Wang... Mr. Wang, I came here this time to talk to you about Daewoo's debt. Daewoo urgently needs a sum of money to repay foreign loans. I wonder if it can..."

Jin Yuzhong still can't get used to being humble in front of Wang Lei. When he was threatened before, he was not as embarrassed as today.

"Uncle Jin, please sit down."

"We will have a meeting tomorrow night. Even if you don't say it, I will talk about how to distribute the 10 billion corporate aid."

Seeing that Wang Lei was still the same as before, and didn't act arrogantly because of this, he couldn't help but feel more comfortable.

"I don't know how much aid we Daewoo can get?"

"As an ally, I won't hide it from you. It depends on how many shares you can give out, uncle!"

Jin Yuzhong was shocked when he heard this. This guy is so calculating.

He actually set his sights on Daewoo's shares.

Wang Lei didn't pretend at this time. If he continued to pretend, he would feel hypocritical.

Seeing that Jin Yuzhong had not responded, Wang Lei continued:

"10 billion US dollars is just an appetizer, and the next 30 billion is the main course."

Yes, 10 billion US dollars divided by several chaebols can only quench their thirst, but not solve their long-term concerns.

30 billion is the top priority for each company to fight for.

Seeing that Jin Yuzhong still didn't respond, Wang Lei could only sigh:

"Uncle Jin, in fact, there is not much room for you to choose. If it is foreign capital, they are not as easy to talk to as me. You don't want toIf they bow their heads, Daewoo may have no choice but to go bankrupt!"

Why can other chaebols survive, but Daewoo can't survive in 2000, and Jin Yuzhong is also imprisoned for fraud?

The reason is ridiculous.

Experts will analyze that the Han yuan has depreciated sharply, from 800:1 to the current 2100:1. Han country is resource-poor and relies heavily on imports. The depreciation has led to a sharp increase in Daewoo's costs, and the increasing debt has caused Daewoo to go bankrupt.

In Wang Lei's view, Jin Yuzhong is too stubborn and offended the capital behind the IMF.

Jin Yuzhong certainly understands this, and Wang Lei is very curious whether he will continue to be stubborn.

"Wang Lei, I will go back and think about it and give you a reply tomorrow."

Just after sending Jin Yuzhong away, Lee Kun-hee came again.

"Father-in-law, please come in."

Facing Wang Lei's address, Lee Kun-hee is still a little uncomfortable.

"Duoduo, why don't you call me grandpa quickly. "

Under Li Fuzhen's urging, Wang Duoyu, who was hiding behind Wang Lei, timidly called "Grandpa".

This feeling is very wonderful. Li Zairong has no children yet. Lee Kun-hee said with great joy:

"Duoduo, let Grandpa hug you. Look what I brought you?"

Wang Duoyu's eyes were shining when he saw the candy, and he swallowed his saliva.

"Mom doesn't let Duoduo eat candy."

"Dad, put the candy away quickly. Duoduo is still young and can't eat too much candy."

"What's the big deal if he eats just one?"

Perhaps because of the close relationship between the two generations, Lee Kun-hee really likes Wang Duoyu. He played with the child for a long time and almost forgot about the business.

"Alei, I almost guessed your thoughts. I can give up the shares of Samsung Electronics and even Samsung Group, but the holder must be Wang Duoyu! ”

It’s easy to talk to smart people, Wang Lei readily agreed to this additional condition.

“Father-in-law, I hope you can unconditionally support me in the negotiations with several major chaebols tomorrow.”

“Of course, but you have to give more assistance to Samsung. We are developing new models of mobile phones…”