My 1999

Yu Yiji smiled and nodded, "With Mr. Xu's words, I can take everyone away with peace of mind."

After Xu Liang fully acquired Hynix, Hynix was not only delisted from the stock market, but their creditors committee also lost the need to exist.

"Professor Yu, you have been with Hynix for more than a year, so you must know this company very well."

"Mr. Xu, if you have any questions, feel free to ask."

"Actually, it's not a big problem. I think Professor Yu and his colleagues on the creditors committee can come up with a strategy for Hynix to get out of the predicament.

I can assure you that regardless of whether this strategy is adopted in the end, you will receive 4 million won in compensation. "

4 million won is equivalent to 20,000 Chinese coins. Although it is not a thousand dollars to buy horse bones, it is still full of sincerity.

The eyes of seven people including Yu Yiji lit up.

Although the money is not much, the respect is very important, not to mention that he comes from a famous and world-class rich man.

"I wonder how long Mr. Xu will give?"

"One week."

Yu Yiji nodded, "I agreed on my own behalf."

"We agree too."

"Don't worry, Mr. Xu, it will be completed in less than seven days."...

"Then I'll be waiting for your reports."

After saying hello, he walked into Hynix's factory surrounded by everyone.

Hynix currently has three factories in South Korea and the United States, namely Icheon City, Gyeonggi Province, South Korea, Cheongju, Chungcheongbuk Province, and Texas, United States.

There are six 8-inch production lines, capable of producing 400,000 chips per month; four latest 12-inch production lines, capable of producing 86,000 chips.

Including packaging equipment, the total value is nearly 10 billion US dollars.

Gyeonggi Province has two 8-inch production lines and two latest 12-inch production lines.

Xu Liang just looked around briefly without going in depth.

Come directly to the conference room.

Yu Yiji and the people from the creditors committee consciously did not follow up.

Xu Liangda Ma Jin Dao walked to the middle seat and sat down.

Sun Mingzhen sat next to him.

Xu Liang opened his mouth after quickly scanning everyone with his deep eyes.

"I have two main purposes for coming here today. First, to meet you and get to know each other and get a feel for Hynix. Second, to introduce to you Ms. Sun Mingzhen, the chief financial officer of Future Company."

Sun Mingzhen stood up and nodded reservedly to everyone before sitting down.

"Ms. Sun graduated from the Department of Business Administration of Seoul National University and was originally the CEO of Hongmeng's South Korean subsidiary.

Under her leadership, Hongmeng South Korea has grown from a small company with net income of less than 2 billion won in more than four years to South Korea's largest Internet company with tens of millions of users and net revenue of 1.12 trillion won. .

There is no doubt about his ability.

I believe that under her leadership, Hynix’s financial department will better serve the entire company. "

After the words fell, everyone applauded under the leadership of Xu Liang.

When the applause stopped, a middle-aged man wearing a brown suit and black-rimmed glasses raised his hand tremblingly.

"Mr. Xu, no, Mr. Xu, then I...?"

Xu Liang interrupted: "Mr. Zhao, I'm very sorry that you have been fired by the company. The company will compensate you to a certain extent in accordance with the labor contract. Please leave now."

The workplace is so cruel.

If Xu Liang wants to install his cronies at Hynix, the former chief financial officer will have to give way.

Of course, he didn't think about reassigning the other party's job, but after considering it comprehensively, he decided not to do it.

Not to mention that there are only a few high-level positions. No matter which position he is transferred to, he will be disconnected from the finance department and affect Sun Mingzhen's work.

In this case, it's better to get it over with and just open it.

And he didn't find any great talents in this Zhao Hailin.

Looking at the 'murderous' strong men in black around him, Zhao Hailin was so angry that he didn't dare to say anything and obediently took his things and walked out of the conference room.

On the first day I arrived at the company, I hired a senior executive. The new boss poured a basin of water over him and made everyone feel chilly.

The conference room, which was a little noisy just now, suddenly became audible.

Everyone lowered their heads, afraid that the new boss would see them.

Seeing this, the corners of Xu Liang's lips curled up slightly. This powerful move was enough to lay the foundation for Sun Mingzhen's subsequent work.

"The last thing is that everyone should submit a report within seven days on how the company can get out of the predicament. Those who don't write it or intentionally fool them will no longer need to come after seven days."

Of course, employees of your own company do not need to pay.

"Okay, that's all I said, who has anything else to do?"

Everyone is eager to end it as soon as possible, no one will get into trouble.

Xu Liang looked around and was somewhat disappointed when no one raised their hands.

Hynix's development into what it is now has a lot to do with these senior executives.

However, now that Hynix has accumulated a lot of trouble, it is easy for people to die if they suddenly take strong medicine. Therefore, he cannot fire everyone yet.

After announcing the adjournment of the meeting, he brought Sun Mingzhen to the office.

"Finance Sun, where are you going to start your work?"

After rolling her eyes at him and seeing no one around, Sun Mingzhen sat directly in his arms.

Xu Liang naturally put his hand on her leg.

However, Sun Mingzhen wore a turtleneck women's sweater and black trousers under the windbreaker, which was not very convenient for hand-dressing, so he didn't make any unnecessary moves.

I came to Hynix today for the first time. The work is important.

"Of course it's an audit. If you review all Hynix's finances from top to bottom and figure out all the fund flows, you can understand all the internal conditions of Hynix."

Xu Liang nodded.

Everything you do these days requires money.

As long as the money is clear, everything will be clear.

"I will allocate some personnel from the Red Rock Fund to help you."

"Oppa is still kind to me."

Bada.

A kiss fell on Xu Liang's face.

"Don't rush to take advantage of me. Once the investigation is over, kick out the unqualified people, arrange for our own people to come in, and arrest the financial department completely.

If you encounter anyone involved in corruption, prosecute them and try to recover more losses. "

The evil nature of corruption is the same no matter where it is.

This is especially serious in a declining company like Hynix, because everyone has the same idea: to make a fortune before the company goes bankrupt and they lose their jobs.

"Oppa, don't worry. No one can take away our money." Sun Mingzhen said firmly.

She holds 94% of the shares in Fund No. 3. The good development of Hynix means that the assets under her name have increased.

Although she will leave it to her sons in the future, she is also happy to earn family property for her sons.

Therefore, compared to Xu Liang, she hopes to catch all the bugs inside Hynix.

"If the water is clear, there will be no fish. For those who are capable but not greedy, we can let them go conditionally. We also need talents to support such a large company."

"Oppa, I listen to you."

Xu Liang patted her butt with satisfaction.

"Go and do your work. We'll go back together after get off work."

"Um."

After Sun Mingzhen left, Xu Liang slowly stood up.

This office, which originally belonged to CEO Park Bae-tao, is the largest and most luxurious in the entire Hynix office area.

The 150 square meters of space is divided into three parts: reception area, office area and rest area.

The view is not bad either.

Standing in front of the floor-to-ceiling windows, you can not only overlook the entire Hynix Industrial Park, but also see the silhouette of the undulating mountains in the distance.

Dong Dong…….

There was a knock on the door.

"Come in."

Lu Hui opened the door and walked in and handed over a document.

"Mr. Xu, this is the review notice from the US Commerce Department. Our acquisition of Hynix has been approved."

Xu Liang felt relieved after taking it and reading it.

Although I got a guarantee from George W. Bush when I was in the United States last time, there is always the possibility of accidents until the verbal guarantee is implemented.

"Finally got it."

After returning the information to Lu Hui, he took out his cell phone and called Jiang Xiaoyang.

"Hey, it's me. Pacific Fund and Qinglong Fund can announce their closure."

Xu Liang has never announced a closed fund, just in case George W. Bush goes back on his word and kicks out his funds.

Now that things are settled, of course there is no need.

"Have you figured out the investment strategies for the two funds?"

Jiang Xiaoyang asked.

In her case, the reason why Xu Liang kept delaying the closing of the two funds was not the acquisition of Hynix, but the investment strategy.

"Think about it.

The US$30 billion raised by the Pacific Fund was divided into Funds No. 1, No. 3 and No. 4, each worth US$10 billion. "

US$30 billion is too large for an independent fund and difficult to operate.

It's just right to divide it into three sub-funds.

"Fund No. 1 invests in the currency market, longs the Chinese currency and shorts the U.S. dollar. It does not require too much leverage at the beginning."

With the rapid development of China's economy, currency appreciation is the future trend of China's currency.

The Chinese currency against the U.S. dollar will quickly rise from the current 8.26:1 to 6.8:1. However, Xu Liang can no longer remember the specific time, but he vaguely remembers that it should be 2004 or 2005.

Therefore, he can only make a long-term investment.

A three-year lockdown is enough.

It’s just a matter of making more or less in the end.

"Fund No. 3 is long on CDO bonds with three levels of B, CCC and CC in the U.S. real estate category."

CDO is an innovative derivative securities product based on mortgage debt credit and various asset securitization technologies to restructure bonds, loans and other assets and re-divide investment returns and risks to meet the needs of different investors.

The credit ratings of U.S. or global bonds are divided into three levels and nine sub-levels.

Senior notes generally have a credit rating of AAA, AA or A, usually with a fixed or floating interest rate, and have the highest priority in obtaining cash flow.

Intermediate notes generally have credit ratings from BBB to B and have fixed or floating interest rates. They have a lower priority for cash flow than senior notes.

The worst ones are CCC-rated, CC-rated and C-rated, and their dividend payments may be postponed or canceled directly depending on cash flow conditions.

In rating agencies such as Moody's and Standard \u0026 Poor's, AAA, AA, A and BBB are investment grade bonds, while the rest are 'speculative bonds'. ,