Chapter Five Hundred and Twenty-Three You Come Back!

Sanquan Medical Equipment Factory, the Korean representative's office was busy, and various Smecta voices were heard endlessly.

People who don't know thought that the Korean cadres inside were busy working, but when they walked in, they found that the cadres from South Korea were packing things and destroying documents.

This posture clearly is to pack up and leave!

It didn't take long for Niu Gaofeng, the director of Sanquan Medical Equipment Factory, to rush over.

Seeing the Korean cadres throwing documents into the shredder, Niu Gaofeng felt bad, and he immediately found the person in charge.

Dr. Quan, what are you doing? Niu Gaofeng asked.

Mr. Niu, we have received an order from the superior, let us withdraw from your factory immediately. Deputy Quan said.

Withdraw? But the acquisition has just begun, right? Is Daewoo Group sending someone else to continue the acquisition? Niu Gaofeng asked puzzled.

I haven't heard that anyone else will take over our job. Deputy Quan put on a poker face and continued: We were instructed to withdraw from here immediately.

Dr. Quan, is there something wrong with our Sanquan Factory? Niu Gaofeng asked immediately.

Your people are very friendly. Deputy Quan replied.

Did we have a place where we were not well entertained? Niu Gaofeng asked again.

Your hospitality was very thoughtful. On behalf of all our colleagues, I would like to express my gratitude for your hospitality these days. Deputy Quan said officially, but there was no expression of gratitude on his face.

Then why exactly? Didn't you do a good job? Why did you leave? And if you leave, who will be in charge of the acquisition? Niu Gaofeng continued to ask.

Deputy Quan shook his head: I don't know about that! Although I am an agent, I am only one level higher than an ordinary employee. I don't know why the senior management made such a decision. I just obey the order. Since The company asked us to go back to Korea, and we naturally have to obey the company's orders.

Back to Korea? Niu Gaofeng was shocked again.

Things have reached the point where South Korean cadres are going to return to China, which must be a big mess!

I have to report to Director Shen as soon as possible!

Thinking of this, Niu Gaofeng trotted all the way back to the office, and then called Shen Yuan.

However, the phone was directly hung up.

At this time, Shen Yuan had no intention to answer Niu Gaofeng's call.

Consultant Park, a representative sent by Daewoo Group, has already submitted a statement of divestment to Shen Yuan.

Withdrawal? Shen Yuan's eyes widened, with an incredible expression on his face, and asked; Why did Daewoo Group withdraw? Are you dissatisfied with the acquisition conditions discussed earlier?

As for the acquisition conditions, it has been approved by the group headquarters, so it is inconvenient for me to comment. Consultant Park said.

Consultant Park, if you are not satisfied with the conditions, we can talk again. If it's a big deal, sign a supplementary agreement. There is no need to withdraw capital! Shen Yuan said immediately.

It's hard to find a foreign capital, and for this reason, I also gave up the better conditions of the puppy electric appliance. How can this let people run away!

However, Consultant Park replied: This is the decision of the group headquarters. The headquarters requested that the acquisition of Sanquan Medical Device Factory be stopped, and all relevant personnel should return to Korea immediately. Consultant Park said.

Consultant Park, you Daewoo Group can't do this. We have signed a contract, and we should act according to the contract signed by both parties! Shen Yuan said.

Mr. Shen, I am very sorry to tell you that from now on, we will unilaterally terminate the contract and will not perform the contract. Consultant Park still had a poker face.

Consultant Park, after we signed the contract, the acquisition of Sanquan Medical Device Factory has already started. Not only our side, but your Daewoo Group has also contributed a lot of manpower and material resources. If you want to terminate the contract now, then the previous efforts , but it's wasted! Shen Yuan said immediately.

Consultant Park thought for a moment,

He opened his mouth and said: What we signed at the beginning was to pay 25 million yuan for the acquisition in installments, and we have completed the payment of the first batch of 2 million yuan.

Now that the contract has been terminated, please return the 2 million yuan purchase payment to us. As for the expenses of human resources, it will be regarded as our loss, and we will bear it by ourselves, without your compensation!

What? You unilaterally tear up the contract, and we have to lose money! Shen Yuan's heart suddenly burst into anger.

Consultant Park had a calm expression and said, Mr. Shen, we have wasted a lot of time for this project. We did not ask you to compensate for these losses, but just asked you to return the 2 million, which has already made a lot of money. The concession!

But that's not what it says in the contract! Shen Yuan said in a threatening tone: Consultant Park, if you can't fulfill the contract, we will go to court to sue you, and then your Daewoo Group will pay a high amount of money. Liquidated damages! Losses are definitely much bigger than they are now.”

Then go and sue! Consul Park had a fearless expression.

Shen Yuan said: Consultant Park, I want to remind you that we are a country that talks about the legal system, and there is a contract here. If we really deal with Bo Gongtang, it will definitely be your Daewoo Group who will lose the case. Compensation for liquidated damages!

I know, you may think that you are a Korean company, and even if you lose the case, it is impossible for our judicial organs to go to South Korea to collect debts. But don't forget, your Daewoo Group also has a lot of investments in China.

If nothing else, let’s just say that in our Jinzhou City, your Daewoo Group also has several investment projects, right? The assets of these projects will become the execution target of liquidated damages!

Really? Consultant Park smiled and said, Mr. Shen, you probably didn't read the contract carefully, did you? It's not Daewoo Group that signed the contract with you, but Hanyu Co., Ltd.!

Hanyu Company is not a company under your Daewoo Group! Shen Yuan snorted coldly.

Indeed, most of the shares of Hanyu Company are owned by Daewoo China Investment Company, and the shares of Daewoo China Investment are owned by Daewoo China Company. Daewoo China Company is a subsidiary of Daewoo Group, but Han Yuyu Company is an independent company, and the greater than the group only indirectly holds shares.

Consultant Park paused, then said, If you insist on the lawsuit, then let Han Yu go bankrupt! But even if you win the lawsuit, you won't get anything! It won't affect the Daewoo Group.

When Daewoo Group came to acquire Sanquan Medical Device Factory, of course, it would not sign the acquisition contract as the group itself, but registered a Hanyu company specifically. Daewoo Group has completed the control of Hanyu Company through multi-layer indirect shareholding methods.

And once the Hanyu company goes bankrupt, only one Hanyu company will be liquidated, and the legal representative of Hanyu company will be found, and the Daewoo Group will not be affected.

This method is not uncommon in later generations. The actual controller of many large enterprises is often not the legal representative of the enterprise, and the real boss will not directly hold a large number of shares in the enterprise, but will pass a series of subsidiaries or subsidiary companies. , to hold more than 50% of the shares of the enterprise, from the control of the entire enterprise.

And once something happens to the company, because it is an indirect holding, it can be easily divested. At most, this part of the equity is lost, and the debt has nothing to do with itself.

Whether it is a limited liability company or a joint stock limited company, for the company's debts, the company's property is generally responsible for repayment. For shareholders, what they pay is their own capital contribution or equity, and will not let shareholders Help pay off debts.

Obviously, Daewoo Group had already thought of this when signing the contract, so it specially registered a Hanyu company and signed a contract with Sanquan Factory.

Now that Daewoo Group is about to withdraw its capital, this Hanyu company has become a target that can be abandoned at any time.

However, Shen Yuan and Sanquan Factory naturally did not realize this. With their understanding and cognition of business, it is normal that they do not realize it.

Therefore, when Daewoo Group really wants to withdraw its capital, even if Sanquan Factory wins the lawsuit, it will not get any benefits. They can directly make Hanyu Company go bankrupt.

Shen Yuan never expected that Daewoo Group would have such a sinister move, and he was speechless for a while.

Consultant Park went on to say: It will be good for you to return 2 million to us!

The money has been returned to you, what else can it do? Shen Yuan snorted coldly.

You can get the friendship of Daewoo Group! Consul Park smiled and continued; If you return the 2 million to us, it will leave a good impression on the headquarters of the group.

Our Daewoo Group has a lot of overseas investments. If there is more investment in the future, I believe that the group headquarters will give priority to you here!

On the other hand, if you must leave the 2 million, then it will definitely leave a bad impression on the senior management of the group. If there are investment projects in the future, I am afraid that you will not be considered here.

Shen Yuan's face sank, this time it was the other party unilaterally breaking the contract, he was supposed to be the party in control, but in the end he was threatened by the other party!

However, this threat from Consultant Park made Shen Yuan have to think seriously. Daewoo Group is a large international enterprise after all. If Daewoo Group will never invest again for the mere 2 million yuan, it will definitely be worth the loss.

After pondering for a while, Shen Yuan had no choice but to say; Consultant Park, this matter is not something I can decide. Well, I need to ask the leader for instructions before making a decision!

...

The withdrawal of Daewoo Group came very suddenly, and Shen Yuan naturally wanted to inquire about the reason for Daewoo Group's withdrawal.

There were originally many Korean-funded enterprises in Jinzhou, and there were also many Koreans working in Jinzhou. Shen Yuan initiated a relationship, and after inquiring in detail, he learned that not only in Jinzhou, but also in the whole of Asia, Daewoo Group is shrinking capital.

Many overseas investment projects have been suspended, and funds have been withdrawn back to South Korea.

Although Shen Yuan is not an economist, he also realized that there should be a problem with Daewoo Group's capital flow, so he began to shrink overseas investment.

However, the acquisition project of Sanquan Medical Equipment Factory has officially started. At this time, Daewoo Group, which is the acquirer, suddenly chooses to withdraw its capital, and the entire acquisition project is yellow.

Not to mention the fact that the ducks that have been obtained fly away, it is a big problem how to arrange the more than 1,000 employees of Sanquan Factory.

If there is no such thing as an acquisition, then the problem can be solved. There is no way out for the enterprise. The laid-offs should be laid off, and the resettlement should be placed. Even if employees have complaints, they can only accept it, after all, the environment is like this.

But the acquisition contract has been signed, which is equivalent to finding a way out for Sanquan Factory, and also saving the jobs of the employees. Now the sudden termination of the acquisition has shattered the hopes of Sanquan Factory and the more than 1,000 people with this, and the consequences will be serious.

Shen Yuan can predict that many employees of Sanquan Factory will inevitably appear in the petition department.

The failure of this acquisition work also inevitably requires someone to take responsibility. As the person who directly handles it, Shen Yuan, in all likelihood, is the one who takes responsibility.

Thinking of this, Shen Yuan suddenly had a headache.

If I knew that Korean companies were so unreliable, I shouldn't have sold Sanquan Factory to them. If I sold it to the Dog Group, maybe Sanquan Factory would have resumed production now!

Thinking of this, Shen Yuan was full of regrets. If he had not worshipped foreign countries and had superstitious beliefs about foreign capital, Sanquan Factory would not have turned into the mess it is today.

In the next second, Shen Yuan's mind suddenly flashed.

Otherwise, I'll talk to the dog group again to see if they want Sanquan Factory. As long as the Sanquan Factory can be sold and the jobs of the more than 1,000 employees are solved, then I can make up for it. It's gone!

Fortunately, Mr. Sun Nan has not released the Southern Lights, otherwise Shen Yuan will definitely think of the song You Come Back in his mind at this time!

...

Lu Guangming came to Li Weidong's office excitedly.

Dong Li, Shen Yuan from Jinzhou City called me again, saying that Daewoo Group had withdrawn its capital. He asked if we are still interested in Sanquan Factory? Lu Guangming had a beaming expression.

Aren't you going to answer directly and say emotional? Li Weidong asked.

Of course you wouldn't say that, and I'm not stupid. Lu Guangming continued; I told Shen Yuan that we have inspected several southern companies and have already started to discuss the specific acquisition details.

Then Shen Yuan begged me to reconsider Sanquan Factory. I talked to him for a long time before reluctantly agreed, saying that I would report to you.

When I called him back, I said that you didn't intend to consider Sanquan Factory, but I said a lot of good things, and it was not easy to make you change your mind and reconsider Sanquan Factory!

After all, Lu Guangming was a medical representative, and he was able to use such impatient means.

I just listened to Lu Guangming continued: I asked my friends from Hong Kong Island to inquire and said that Daewoo Group has recently started to sell assets on a large scale, and the ongoing overseas projects have also stopped. It seems that there is a problem with the capital chain.

Chairman, you are really clever, Daewoo Group is a company with a market value of more than 60 billion US dollars, such a behemoth, if there is a problem, there will be a problem!

Li Weidong replied: This is not only a problem of Daewoo Group, but a problem of the whole of Korea. In the coming year, the life of Korean companies will not be easy. The fire of the Asian financial crisis has finally burned to Korea!

...

During the Asian Financial Crisis, South Korea suffered heavy losses. Almost the entire country was sold to Wall Street before it survived. Large corporations and banks became foreign-owned holdings, and the whole of South Korea became a Wall Street wage earner.

South Korea's problem, like that of Southeast Asian countries, is a debt problem. Invest long-term with short-term loans, borrow in dollars and yen, and lend in local currency.

Although this can attract a large amount of investment in a short period of time, it will make the monetary system vulnerable to attack.

Unlike Southeast Asian countries, South Korea has a large amount of debt, which is caused by mutual guarantees between companies, and these companies are precisely related to chaebols.

South Korea's economy is controlled by big chaebols, and these big chaebols have many subsidiaries and are involved in various Korean companies.

When these subsidiaries lack funds, they will obtain bank loans through mutual guarantees.

What's more, when Korea's financial industry opens up, the chaebols have their own bond companies, which makes it easier for subsidiaries to guarantee each other.

South Korea's policy originally encourages banks to lend to these chaebols, so the scrutiny of such subsidiaries' mutual guarantees is relatively loose.

A guarantees B, B guarantees C, C guarantees A, and then everyone gets the loan. This kind of mutual guarantee is inherently very risky. Once there is a problem in one of the links, then everyone will be finished together.

When the Asian financial crisis hit, South Korea had a certain ability to resist. After all, South Korea is a rich industrialized country, and its ability to resist financial risks is definitely much stronger than that of poor countries.

However, such big chaebol subsidiaries in South Korea guaranteed each other, but after South Korea encountered the Asian financial crisis, the financial system collapsed instantly.

For the Korean chaebol, as long as there is a problem with one of the subsidiaries, the other subsidiaries will fall together like dominoes, and even the entire chaebol will be destroyed.

This is what Daewoo Group looks like. In 1996, Daewoo Group formulated an expansion strategy, and expansion requires money, so Daewoo Group obtained a lot of loans by guaranteeing each other between subsidiaries.

So when the financial crisis broke out, Daewoo Group filed for bankruptcy. Because their stalls are really too big, and there are too many loans between subsidiaries, the flow of funds is broken in an instant, and it is impossible to save them. In the end, the assets of more than 60 billion US dollars were all cheaper for Americans.

This kind of situation can only happen in South Korea. In order to develop the economy, South Korea allows the chaebol to grow savagely, and even pulls the seedlings to encourage it. And the hidden danger caused by this kind of seedling growth will always break out one day.

It can be said that the chaebol economy has created South Korea's economic growth, and it has also brought unsolvable structural problems to the South Korean economic system.

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