novelones Chapter 121 The chaebol also wants to borrow money to plan Daewoo
Chapter 121 The chaebol also wants to borrow money to plan Daewoo
The competition between the two companies is almost on the table.
Lotte's desire to enter the heavy industry field is not something that can happen in a day or two, and the competition between the two parties in the field of foreign trade has become even more incompatible.
As we all know, Han Country is a country with poor resources.
The raw materials required for industrial development and light industrial production depend on imports.
This enables whoever controls the import of raw materials to control the source of production raw materials.
Lotte is currently ranked as the fifth largest chaebol. If it wants to go further, it can only compete with Daewoo for food.
The other party is not without support. The founder of Lotte married a powerful woman from Sakurajima, where the headquarters is actually.
If you look at the overall strength, the overall strength is not inferior to Daewoo.
"What Xin Dongping did this time is indeed a bit excessive. It's a pity that your eldest brother is not here. Otherwise, it would not be his turn to show off his power in front of you."
Speaking of his eldest son, Jin Yuzhong showed a trace of sadness in his eyes.
Jin Zhongxuan looked unconvinced.
There are two sons in the Jin family. The eldest son Jin Zhongwu is almost the most ideal successor to Daewoo. His ability is first-rate among the children of the chaebol.
Unfortunately, a car accident caused the drunk Jin Zhongwu to drown in the Han River.
As the youngest son, Jin Zhongxuan had to shoulder the heavy responsibility of being the heir.
Jin Zhongxuan has been rebellious since he was a child. If Wang Lei hadn't educated him, he would be far more of a bastard than he is now.
Obviously not a qualified heir to a chaebol.
"Dad, even if eldest brother is not here, I can still deal with that nasty guy Xin Dongbin. If Brother Lei hadn't been in the passenger seat today and kept me tied up, I wouldn't have suffered a loss."
Wang Lei smiled angrily:
"Hey, it's my fault. If a dog bites you, you're going to bite him back right away?"
Hearing this, Jin Zhongxuan couldn't help laughing: "If Xin Donglin heard this, he would be angry to death."
"What Mr. Wang said makes sense. If Xin Dongpin provokes you after Xiaoxuan, you should calm down and don't act out of anger again."
"And you go down and prepare for the dinner first. I want to talk to Mr. Wang about something."
Jin Zhongxuan obviously wanted to stay and listen, but seeing Jin Yuzhong's unquestionable tone, he had to leave the living room a little frustrated.
"Mr. Jin, I think that although Jin Zhongxuan is a little loose-tempered, as long as he tempers his temper, he will be useful sooner or later."
Jin Yuzhong smiled bitterly and shook his head:
"It's my own fault, don't I know? He doesn't care about anything all day long. From now on, the group should be managed by professional managers. It would be good for him to just be a spendthrift with nothing to do."
Wang Lei didn't say anything more. This was a family matter of the Jin family. If Jin Zhongxuan hadn't called him big brother, he wouldn't have wanted to say anything at all.
"I didn't know you left me here..."
"Mr. Wang, I have something to ask of you."
Speaking of this, Jin Yuzhong's expression was complicated, as if he had thought of something very disturbing.
"To be honest, Daewoo Group is now developing into a global conglomerate, but it has encountered some problems with its capital flow."
Without him having to say anything, Wang Lei understood what he meant. Uncle Jin was really interesting. When they first met, they talked about borrowing money.
In the past five or six years, Han Country has caught up with the good times. Beautiful Country has launched anti-dumping against Sakura Island and increased tariffs against Japan.
He began to support Han Guo, who was more obedient.
A large number of international orders began to pour into Han Country, and the chaebols who monopolized most of the national economy began to expand aggressively.
Among them, Daewoo Group is the craziest.
He dabbled in 27 industries, borrowed heavily from foreign countries, and started buying like crazy.
At the craziest time, a company was acquired every three days.
With such uncontrolled expansion, it would be strange if there were no problems with the capital chain.
Sure enough, Jin Yuzhong said rather embarrassedly:
"I hope to lend a dollar amount of foreign exchange from the Bailong Consortium, about 100 billion U.S. dollars. The interest rate and conditions are easy to negotiate."
$100 billion!
Jin Yuzhong really thinks highly of him, asking for 100 billion US dollars.
Wang Lei's reputation among millions of people has already spread from Sakura Island to Han Country.
The entire financial world knew that the Bailong Consortium was acquiring bad debts from commercial banks, and Jin Yuzhong, who had a lot of dealings with international institutions, naturally heard about it.
In the past, Wang Sanshi had borrowed money from others to invest, but this was the first time he had been borrowed money.
But at this time, he was really not short of money. He was so poor that he only had money left. This was not an exaggeration.
"Okay, for Jin Zhongxuan's sake, I can lend 100 billion U.S. dollars to Daewoo for emergency relief, but I have a few requests, and I ask Uncle Jin not to refuse me."
"Tell me about it." Jin Yuzhong also had the attitude of giving it a try, but he didn't expect Wang Lei to be so easy to talk to.
"Daewoo needs to repay US$12 billion in interest every year, and the entire principal must be repaid after five years!"
Jin Yuzhong couldn't help but gasped. 7% annual interest rate for commercial loans was considered high, and Wang Lei suddenly asked for 12%!
However, he had no other choice at this time. Originally, he planned to borrow the money from Sakurajima Commercial Bank, but unfortunately the real estate bubble broke out. In his small life, every penny now has to be divided into three cents to spend. Naturally, There was no money to lend to him, an outsider.
He asked:
"What if Daewoo still can't repay the money in five years?"
"Jin Zhongxuan and I are good brothers. Naturally we will not force my uncle to pay back the money. If he cannot pay back the money, he will need to use Daewoo's companies as collateral and continue to pay 12 billion in interest every year."
Jin Yuzhong understood what Wang Lei meant. If he couldn't pay the debt in five years, he would need to use Daewoo's property as collateral.
You don’t have to pay back the money immediately after five years. This condition is quite generous.
Jin Yuzhong also didn't expect that one day he would take advantage of his youngest son.
"Okay, thank you very much."
As far as Wang Lei knows, Daewoo declared bankruptcy in 1999. If nothing went wrong, he would have just gotten back the 100 billion principal he lent.
As for five years later, Daewoo will definitely have less than 100 billion in principal, so it will naturally have to mortgage its core industries. When Daewoo goes bankrupt, these industries will naturally be his.
Why do you think you're a deadbeat?
When the time comes, several countries in Dongzhou will collectively put pressure on Han Guo. Han Guo, which is already in an international credibility crisis, will definitely be the first to jump out and force Daewoo to pay back the money in order to maintain the precarious market.
Thinking of this, Wang Lei felt that this transaction was quite worthwhile.
"Come on, let's go eat first. The chef from Long Guo invited by Xiaoxuan is really good at his craftsmanship..."
When he said this, Jin Yuzhong seemed like a country bumpkin who had never seen the world.
At night, Wang Lei, who was drinking soju, stood on the wide open-air balcony and blew in the cold wind.
At this moment, a thinly dressed woman with short hair, black gauze and a cold face appeared.
Wang Lei couldn't help but his eyes lit up. This woman was not an Internet celebrity with a plastic surgery face. She had the air of a mature woman, intellectual and cold.