My 1999

After reading the 2003 financial statements of Hongmeng South Korea, Xu Liang nodded with satisfaction.

The foundation of the company has been laid very firmly. As long as we don't make mistakes and follow the steps, we can become South Korea's largest Internet giant in the PC era.

Under such circumstances, the position of head of Hongmeng's South Korean subsidiary is easy to choose.

Put the information down.

"The company is doing well."

Xu Liang's recognition made Sun Mingzhen very happy.

"With you protecting me from the wind and rain, I can develop steadily in South Korea."

She meant what she said.

Without Xu Liang, in South Korea, a feudal and conservative country where women have a low status, she would not be able to maintain Hongmeng, let alone develop.

Xu Liang smiled and patted his thigh.

Sun Mingzhen came over obediently and sat in her arms.

His right hand began to play with her long legs wearing black stockings.

Although Sun Mingzhen understands that Israel cannot serve people for long, in order to ensure her attractiveness, she also pays great attention to exercise after work.

The muscles in the legs are very elastic and feel comfortable to the touch.

"The acquisition of Hynix will not take too long, so on Hongmeng South Korea's side, who do you think can take your place?"

"Zhao Lina and Pu Xian are both very good. It's up to you to decide who to choose."

She is a smart person and knows very well that she cannot take matters into her own hands.

Xu Liang nodded slightly. He was familiar with Zhao Lina and Pu Xianben. They were both vice presidents of Hongmeng South Korea. The former was in charge of Bing and the latter was in charge of Hongmeng Games.

Bing and Games are also the most profitable departments of Hongmeng South Korea. They have solid performance support and they are indeed a good fit.

But the key is who to choose?

For many such evenly matched opponents, if one takes the lead and the other fails, it is easy for the company to suffer internal strife because both parties do not deal with it.

This is something Xu Liang doesn't want to see.

Sun Mingzhen guessed what he was thinking by looking at his expression.

"You can transfer one to other subsidiaries, and isn't the head office planning to set up a South American subsidiary? You can send them there."

After Hongmeng obtained sufficient funds through financing, its territory continued to expand.

A Brazilian subsidiary for Spanish-speaking people and a South American subsidiary for Portuguese-speaking people were quickly established, completing the full coverage of Hongmeng’s global organizational structure.

Basically, except for some small language countries and the third brother's family, as well as the still desolate black Africa, most areas have Hongmeng's business.

Even the Mao Xiong family in the north, Hongmeng’s music network and games have tens of millions of users.

"Let me discuss it with Lao Xie. You can manage the company well during this period and learn about Hynix's information by the way."

"Um."

Xu Liang was very pressed for time. After walking around Hongmeng South Korea's subsidiary in the morning, he rushed to Hanhua's office in Seoul - the landmark 63 Building in Yeouido - in the afternoon.

As the world's top financial institution, in order to demonstrate its strength, Hanhua directly rented a 500-square-meter office area on the 21st floor.

Such an area is considered a luxury for an office.

Therefore, Jiang Xiaoyang has been thinking about setting up a private equity fund here focusing on the South Korean market.

After all, it is also one of the top ten economies in the world. It is much stronger than the third brother these days, so it still has a lot of meat.

However, funds are easy to get and money is easy to find, but you can rest assured that it is not easy to find people who can be responsible for a fund.

If we still follow the Qinglong Fund model, let Xu Liang be responsible for the investment.

It's not that he doesn't want to.

But I don’t know much about the South Korean market.

Although he knows that some large companies in South Korea will develop well in the future, the growth potential of large companies is too low. After all, when everyone is optimistic about it, it will be difficult to make huge profits unless the leverage is increased very high.

But high leverage is too risky.

Of course, he also knows that South Korea's entertainment and gaming industries are developing rapidly and have huge potential.

But except for a few companies, it is not very clear.

The only way is to invest in the leading companies in the entire industry.

But he doesn't know how the leading company's stock performs, and the other party may not be listed on the market.

Therefore, in order to ensure his undefeated golden body, Xu Liang was not prepared to end the match himself.

His solution is for Hanhua to find a fund manager he can trust and invest according to his own strategy. Everyone will be happy if he wins, and he will not be affected if he loses.

Moreover, compared with Qinglong and Pacific, which easily generate tens of billions of dollars, he no longer looks down on the ‘small’ funds with hundreds of millions or more than a billion dollars.

It is a routine operation to give occasional guidance and leave the rest to Hanhua.

"Mr. Xu."

"Hello, Mr. Xu."

Seeing him come in, both the people from Hanhua and the negotiation team from Hongyan Fund who rushed over to connect with Merrill Lynch came forward to greet him.

After greeting everyone, Xu Liang brought Qiu Youren, vice president of Hongyan Fund and director of the M\u0026A Department, to the conference room.

Xu Liang sat on the main seat with a golden sword.

After making a starting gesture, Qiu Youren said quickly.

"Mr. Xu, Merrill Lynch has almost reached talks with the South Korean government and the Bank of Exchange in accordance with our requirements.

Once we take over Hynix.

All of Hynix's US$20.6 billion debt has been deferred for one year, and only the principal will be repaid after one year. "

Hynix's debts include bank loans and corporate bonds, some of which have matured, while others will mature in a few years.

Delaying repayment for one year can loosen the noose around Hynix's neck a little faster and give him room to move.

"Hynix's business allows us to restructure and sell off the non-memory chip business to raise funds."

In addition to the memory chip business, Hynix's business also includes the CPU chip business. Although the proportion is not high, it also has an 8-inch wafer production line with a monthly output of 20,000 pieces, and a 12-inch wafer production line with a monthly output of 15,000 pieces.

The total value is around US$1 billion.

With the current state of Hynix, if you want to be as strong in the memory chip and CPU chip business as Samsung, you are courting death.

The key is that Xu Liang doesn't want to invest so much money in Hynix.

Therefore, it is only reasonable to sell the CPU business, collect funds, focus on memory chips, and let Hynix become the global storage giant in memory.

"In terms of policies, whether it is the "Semiconductor Chip Protection Act" or the "Semiconductor Industry Promotion Plan", they can cover us, but the premise is... Hynix's headquarters must remain in South Korea."

Xu Liang nodded slightly, "What do they say about the loan?"

Because South Korea has relatively strong support for the semiconductor industry, South Korean semiconductor companies can obtain loans from the South Korean government at very low costs.

Although it is not a lot, US$56 billion is not a small amount either.

"They replied that Hynix's debt is too high, and unless we reduce Hynix's debt to less than 70% or have sufficient guarantees, we will not lend money."

"If I lower my debt ratio, do I still need to ask them for a loan?"

Xu Liang himself holds 36.7% of the equity of Standard Chartered Bank. If Hynix's debt ratio was not too high, he would have sought a loan from Standard Chartered.

Someone said that Red Rock Fund holds nearly 20 billion US dollars in cash, why not invest directly?

Haha, this involves issues of taxation and financial security.

Xu Liang directly invested money, called capital injection, which would certainly solve Hynix's problems of high debt and insufficient operating funds, but this approach obviously lowered the capital utilization rate and also contributed to the South Korean government's tax revenue.

He still prefers another way of playing than this.

Giving money to Hynix in the form of loans will increase Hynix's total debt, but long-term debt will not affect Hynix's normal operations.

In this way, when Hynix makes money, it will give priority to repaying debts, and then pay various taxes such as corporate income tax and deed tax.

This is a huge expenditure, accounting for 30 to 40% of the total annual revenue.

Such a large amount of money will not be taxed and used to pay off debts, which will save Hynix a lot of tax.

To save is to earn.

Hynix is ​​a company he controls absolutely. Making money for Hynix means making money for him. This account is easy to calculate.

And his loan will be paid back in penny.

If he was more ruthless and offered Hynix a 15% loan interest, he would still make a fortune.

This is a more efficient way to play.

However, Xu Liang still wanted to use the third method.

Don’t invest your own money and let others lend you money.

Hynix's debt ratio is too high. He has never made memory chips and has little experience. Although he knew the general trend, he was not absolutely sure that Hynix could be brought back to life.

If everything goes wrong in the end, if you use the second method, you may not be able to get your loan back.

Therefore, it is better to die as a Taoist friend than to die as a poor Taoist.

But others are not fools. Even the South Korean government, which cares most about Hynix, has lost confidence. Which bank would dare to lend money? Unless Xu Liang uses the company in his name to guarantee it.

"Have I registered the company you registered?"

Qiu Youren quickly handed over a stack of documents.

"The registration has been completed, please take a look."

After Xu Liang opened it, a neat line of Korean text on the title page came into view.

Over the years, because of his frequent interactions with the Sun sisters, his Korean has become very good, at least he has no problem reading and writing.

"Xu Family Wealth Trust Fund No. 3."

This is a trust fund registered in Seoul by Qiu Youren according to his instructions.

Fund owner Xu Liang and fund manager Sun Mingzhen.

After briefly flipping through it, Xu Liang nodded with satisfaction.

Next, he will acquire Hynix in the name of this company.

If he has other assets in South Korea in the future, they will be included in this trust fund.

And this fund will also be passed down to his descendants in South Korea.

It's like breaking up the family in advance.

Although it is still early, Xu Liang likes to do things in advance to avoid conflicts over family property in the future, which will make it difficult for him.

After collecting the information.

"What time is your appointment tomorrow?"

"At 10 o'clock in the morning, Mr. Rasha Browning, director of Merrill Lynch's acquisitions and M\u0026A department, will come over to discuss the details of the acquisition with you. If there are no problems, we will be responsible to the South Korean government and Hynix's main creditor, the South Korean Exchange Bank, the day after tomorrow. People meet.”

Xu Liang nodded.

"Just do it."

"OK."

After discussing the itinerary for the next few days and walking around Hanhua's office area, Xu Liang left.

I originally wanted to pick up Sun Mingzhen, but I made a phone call and found out that it was too early for her to finish. Xu Liang, a free soldier, went home directly. He still prefers his two little darlings.

As soon as I entered the house, I heard wailing.

Xu Liang quickly went upstairs to the baby room, where two nursery nurses were holding the two little ones and comforting them warmly. Next to them, Son Ye-jin looked helpless.

"What's wrong?"

"Oppa, are you back?"

Sun Yizhen's eyes lit up and she hurriedly came forward.

After reading the information from the morning, she now felt that her sisters were so lucky to be able to follow each other.

From a humble family to a rich man in one step.

Therefore, I also act diligently without consciously realizing it.

Help Xu Liang take off his coat.

"What's wrong with the two little guys? Are they crying so loudly?" Xu Liang asked.

"My younger brother snatched his toy, and my older brother cried; I taught my younger brother a lesson, and Mai Mai also cried."

Xu Liang smiled. Although the two little guys were both boys, they had different personalities.

Sun Mingzhen is vigorous and resolute, but her older brother is quite quiet. He puts it on the ground, and as long as there are toys, he can play by himself for a day without making any noise.

Son Ye-jin has a gentle personality, and her younger brother is indeed a leather god. Not to mention very curious, he will tear down whatever he sees and likes to grab things.

Although she is still young, it can be seen that her personality is completely different from that of their mother.

However, thanks to Xu Liang's good genes, the two little guys have been very strong since birth. They can already crawl around when they are only half a year old, and they have also learned to call mother.

Perhaps hearing his voice, the crying of the two little guys gradually stopped.

Xu Liang stepped forward with a smile and held each of them in his arms.

His eyes were more loving than ever before.

"Call daddy."

"Ba...ba."

Brother Xu Boqing shouted obediently.

The younger brother just waited and looked at him curiously with round eyes.

Who is this man?

The cute little appearance made Xu Liang couldn't help but kiss him.

The elder brother was still fine, but the younger brother quickly waved his little hand to wipe it and tilted his head back. Although his expression didn't change much, his disgust was already obvious.

Xu Liangliang was so happy that he hugged the two little guys and started playing in the room.

The baby's room is very large. In addition to the separated rest area, the play area is more than 100 square meters.

Various toys filled half the room.

I haven't played the same game for half a month.

Son Ye-jin looked at the happy father and son, her eyes became gentler, and the happiness in her heart became stronger.

At first, she was sent to Xu Liang's bed by her sister half-heartedly.

Although I'm not repulsive, I don't have much affection either.

After more than a year, although we rarely saw each other, we had many video calls in between. Plus we had a child, and the relationship was completely different.

Although she didn't know if this was love, she knew that she felt at ease whenever she saw him.

Play time always passes quickly.

When Sun Mingzhen came back, it was already dark.

After changing clothes, I went to the nursery to play with Xu Liang and the two children for a while, and then it was time for dinner.

The half-year-old child already needs complementary food, so I also carried him over.

Xu Liang sat in the middle, Sun Mingzhen sat on the left with McDull, and Sun Yizhen sat on the right with Mai Mai.

It already looks like a home.