Rebirth of Hong Kong's tycoons, shorting Eagle Sauce

"Consider it?"

Faced with Jin Yuzhong's attitude of not being able to see the situation clearly, Wang Lei was very dissatisfied. No wonder the old man was bankrupted by others and had to go to prison for further studies at such an old age.

"Uncle Jin, I hope you can give me an answer now."

The threat is self-evident.

Feeling the pressure, cold sweat overflowed from Jin Yuzhong's forehead.

Everyone was not used to this atmosphere. Who are they? They are the great Han chaebols, monopolizing people's livelihood, and the bigwigs who can shake the Han country with just a stomp of their feet.

In the past, they were the only ones who coerced others, and this was the first time they were threatened.

Zheng Zhengyong couldn't stand it anymore, and he asked sarcastically:

"Mr. Wang, are you trying to force a sale?"

Seeing that all the chaebols looked unconvinced, Wang Lei sneered:

"How could that be? I respect your wishes. Since you need time to consider, okay, no problem, then we will put the problem aside and I will solve their problems first."

"Dismiss!"

Seeing that Wang Lei was unwilling to give them aid, Zheng Zhengyong left angrily with his men, intending to complain to Representative Jin about this guy's forced sale.

"Chairman Jin, why don't you leave?"

"A Lei, I..."

"Chairman Jin, don't put too much pressure on yourself. You have to consider it, right? I'll give you time."

Seeing Wang Lei driving people away, Jin Yuzhong had to leave Wang's house worried about gains and losses.

"Bah, what a joke."

Boss Xin said indignantly:

"This guy doesn't understand the situation."

"Boss Xin, you have done a good job. Don't worry, Lotte Hanguo is still the Xin family. Next, I will let the financial department allocate you a 1 billion interest-free loan."

Boss Xin couldn't help laughing after hearing this.

One billion US dollars is still interest-free, which far exceeded his expectations.

Lee Kun-hee asked hurriedly:

"Good son-in-law, what about our Samsung?"

"Two billion US dollars, the same interest-free loan, and at least 5 billion in aid will be given in succession."

Hearing this, the stone in Lee Kun-hee's heart fell to the ground safely.

Before, he didn't think this little US dollar was so precious. It wasn't until the import stagnated and Samsung was on the verge of stopping production that he realized the preciousness of the US dollar.

This 2 billion US dollars is life-saving money.

"I hope you two will use this money on the cutting edge, continue to expand production, and reverse investment!"

The two of them agreed deeply after hearing this.

Most people think that when encountering a major financial crisis, they should reduce investment and save more money.

That applies to most people. For large companies like Samsung, it is a good time to increase investment.

They can seize the market and expand in the crisis while everyone is having a hard time. When the crisis is over, there will be no such good opportunities.

"But I hope you two can sit down and exchange some industries, which can not only achieve industry complementarity, but also avoid internal vicious competition."

The two felt that this made sense. They also wanted to reduce the burden on the parent group and throw away some unimportant burdens.

Lee Kun-hee asked worriedly:

"Alei, are you going to convince those creditors?"

"It's nothing more than coercion and inducement. What if the mortgaged equity becomes worthless?"

Hearing Wang Lei's cold words, both of them shuddered.

In fact, Robert on the other side has already taken action.

They published a research report on the deficit problem of the top ten chaebols in Han Country.

Data shows that under the impact of the Dongzhou financial crisis.

By the end of 1996, the total debt of the 28 largest Korean business groups was $177.5 billion, with an average debt ratio of 450%!

The debt of Hyundai Group alone was as high as $66 billion, accounting for 20% of South Korea's GDP!

The Cayman Fund believes that a company's debt ratio of 40-60% is normal, and some industries can barely accept a debt ratio of 70%.

More than 100% is insolvent, and liabilities are 4.5 times greater than assets, which is simply a fantasy.

Robert laughed in an interview and said that not shorting Hyundai would be an insult to his career for a conscientious short seller.

Well, the things that creditors and debtors tried their best to cover up were exposed by Cayman Capital.

The report also exposed in detail those financial institutions that took investors' money and lent money to Korean debtors.

It is undoubtedly a big social death for Korean companies that owe money and overseas financial institutions that borrow money.

Not only did the stocks of several major chaebols' listed companies plummet, but also the stock prices of overseas banks were shorted.

Investors who knew the truth protested to financial institutions, and even a bank run crisis almost broke out.

Zheng Zhengyong, Jin Yuzhong and others found Representative Kim, hoping that he could judge the situation.

Representative Kim, who had just been re-elected, was discussing economic reforms with Han Shixian.

After listeningAfter several people complained indignantly and helplessly, Han Shixian smiled secretly in her heart.

She was still happy to see several chaebols suffer.

These people are all to blame for the fact that Han Country has come to this point today.

Representative Jin thought about it and agreed:

"Wang Lei did a little too much. Don't worry, I will actively negotiate with him and urge him to distribute the aid to you as soon as possible."

Hearing Representative Jin's assurance, several people left with satisfaction.

Han Shixian asked puzzledly:

"Mr. President, what power do we have to urge Bailong Capital? This clause is not written in the contract at all."

"Shixian, I'm just dealing with them. Please help me draft a speech.

To save our country's economy, we must reorganize the big chaebols and break the situation of "too big to fail" for enterprises."

Hearing this, Han Shixian's heart was shocked. Is it finally time to take action against the big chaebols?

"Only by killing chickens can these old guys listen to Wang...my words."

Jin Yuzhong didn't know that Representative Jin, who was just trying to appease him, turned around and sold him to Wang Lei.

At the press conference, he mentioned in his speech:

"Our Han country enterprises cannot avoid reality, must face the problems raised by foreign institutions, can't just be cowards, and the problem of fiscal deficit must be solved immediately...

If the chaebols can't solve the problem themselves, our officials don't mind exercising the power of forced bankruptcy!"

The spearhead was directed at the five major chaebols, launching the most fierce backstab against them.

As soon as this notice came out, not only did the Han country explode, but foreign debtors were completely unable to sit still.

Why do they have the confidence to continue to transfuse blood and borrow money from Hyundai and other Han country chaebols.

Isn't it because they are chaebols, monopolizing core industries, and are the economic pillars of Han.

What they rely on is that the official will not watch these chaebols go bankrupt, and it is impossible for them to go bankrupt.

But now it is different. The Han country has the support of the White Dragon Consortium. After the bankruptcy, it can be reorganized, but the creditors will suffer.

The debts in their hands will become a real bargain price, and it is hard to say whether there is anyone to take over.