Chapter 586 The Zhao Family Is Not Easy to Bully?
Yang Cheng couldn't guess what kind of psychological struggle Zhao Xianwen went through in just a few minutes, but he said this with confidence. Hanjin Shipping is one of the pillar industries of the entire Hanjin Group. Like chaebols, Hanjin Group's internal subsidiaries hold mutual shares.
Due to the successive losses of Hanjin Shipping in recent years, Korean Air has repeatedly borrowed money from Hanjin Shipping and acquired the latter's shares. By the end of last year, Korean Air had become the largest shareholder holding 33% of Hanjin Shipping.
Once Hanjin Shipping declares bankruptcy, Korean Air will suffer the heaviest loss. The loss is expected to reach 500 million U.S. dollars. You must know that Korean Air’s operating profit last year will reach 1 trillion won, which is less than 1 billion U.S. dollars. .
It is not an exaggeration to say that half of the blood was cut off directly, so Yang Cheng had the confidence to say this!
Zhao Xianwen was silent for a few minutes, then stood up suddenly and came to Yang Cheng, and asked condescendingly, "What are you trying to do? Our Zhao family will not be threatened by you."
Yang Cheng sneered, he was speechless, had this woman been bitten by a dog? Why is it like the string is missing? If this continues, someone will criticize the villain for having a low IQ!
"Ms. Zhao, I have always been a pacifist, and Xin Changxu can testify to that!" Yang Cheng's shameless words made the corners of Xin Changxu's mouth twitch non-stop, how shameless!
But he couldn't refute anything, he could only nod stiffly!
Yang Cheng continued disapprovingly, "As a pacifist, I never like to use force to solve problems that can be solved through dialogue. Therefore, I am willing to use the information I have as a condition to negotiate business with your group. If Zhao Ma'am can make the decision, let's go out and find a place to talk slowly, if not, then don't waste everyone's time, go home and discuss with your father, what do you think?"
"You~" Zhao Xianwen was shaken by Yang Cheng's angry body, pointed at Yang Cheng and was speechless.
Yang Cheng waved his hand, "Don't point at me, I'm dizzy looking at you!"
Zhao Xianwen put down his hand angrily, and said viciously, "I can make the decision, if you have something to say, I want to hear if you can spit out ivory from your dog's mouth!"
Yang Cheng raised her head and smiled, "It's good to be able to make the decision, then let's have a good chat!"
He stood up, put his hands in his pockets, looked like a world-class expert pointing out Jiangshan, and began to flicker, "The protagonist of the story I want to tell is Hanjin Shipping, one of the pillar industries of your Hanjin Group. Since 2008, The financial crisis impacted the world, and Hanjin Shipping has now entered the road of decline.
Since its establishment in 1977, your Hanjin Shipping has also been brilliant. In 1992, it became the first shipping company in Korea to achieve a total sales of more than 1 trillion won;
In 2000, it became one of the representative enterprises in South Korea. As a country supported by chaebol giants, there are not many representative enterprises in South Korea.
But in 2005, Hanjin Shipping was on the list of Forbes 400 listed companies. In 2006, it established a ship management company. In 2007, it even established the world's largest ship repairing plant in Qu~Shan Island, Z Country.
The rapid growth of South Korea's export volume has provided a huge help for the expansion of Hanjin Shipping. South Korea's trade export volume has increased more than 10 times from US$10 billion in 1977 to US$100 billion in 1995, and by the new millennium before 2008 It has reached 400 billion US dollars, which also provides an opportunity for the crazy expansion of Hanjin Shipping!
Although the rapid expansion is a good thing, it also planted the seeds of disaster for the future. After 2008, global trade shrank, and the global trade volume dropped to the bottom in 2009. It began to recover gradually in 2010, but it has always been hovering at a low level. There have been several short-term maximum declines, and today, there is still no improvement.
There is no doubt that the decline in import and export trade has a huge impact on Hanjin Shipping. From the data I have collected, Hanjin Shipping began to decline in revenue in the third quarter of 2008.
In the first quarter of 2009, Hanjin Shipping was already in a state of huge losses. In the second quarter, the current net profit loss exceeded 400 billion won, and in the third quarter, the current net profit loss was 420 billion won.
Needless to say, the stock price has dropped from about 39,000 won per share in mid-April 2008 to about 15,000 won per share in mid-October, which is almost cut in half. How much is the stock price now? Four digits, thousands of won per share, it can be said that Hanjin Shipping has experienced a turn from prosperity to decline, and is now on the brink of bankruptcy! "
Zhao Xianwen stared dumbfounded at Yang Cheng's eloquent talk, his heart almost collapsed, "What's the origin of this kid? The analysis of Hanjin Shipping is even better than my own family!"
Xin Changxu also had the same expression. No one knew better than him the real reason why Yang Cheng had such a play today. It was all the information he revealed first, but he only revealed a general idea, not so detailed at all, Yang Cheng said He can very clearly say that the figures are exactly the same, which he can only find out in the most confidential documents in South Korea.
However, it took Yang Cheng just a few days to obtain such important data, and made an analysis that was very factual, which shocked him to the heavens. It was too scary. Fortunately, he did not continue to fight against him.
This is Xin Changxu's happiest thought at this time.
In fact, Yang Cheng didn't have much trouble getting these things. He spent some money to buy them from McKinsey. Do you need any information? As a top VIP client of McKinsey, it is in charge of 24 hours and has the highest level of authority. No matter when and where, as long as you call, not to mention the information of a Hanjin shipping company, even the director of the FBI used several documents last night. They can provide even small umbrellas. Of course, the price has to be negotiated.
Anyway, Yang Cheng spent more than 500,000 US dollars just to get the operating data of Hanjin Shipping. How much money does the FBI director need to get the news? Do it yourself!
This is just an appetizer. Yang Cheng has prepared a lot of drafts, so of course he can't release all of them at once. Surprises come one by one to achieve the best gc!
After clearing his throat, he felt that his throat was a little dry. He went to the refrigerator and stood there for a long time to choose. Then he chose a can of Red Bull.
"Hi~" Meimei hiccupped, threw the soda can casually, drew a perfect arc into the trash can, and came back for a walk with her pockets inserted, and smiled at Zhao Xianwen who was still in shock , "How? I didn't lie to you, did I? I negotiated a deal with your Zhao family with full sincerity."
Zhao Xianwen glanced at the corner of Yang Cheng's upturned mouth, and couldn't help but shudder, "What are you doing? Our Zhao family is not easy to bully."
At this time, Yang Cheng is a silly woman who is still pretending to be a tiger, Yang Cheng is very disappointed in her, and feels that today's saliva will be in vain!
But it doesn't matter, he didn't expect this woman to make decisions for her father, as long as she frightened her and let her pass her words back to her father intact, of course, if she exaggerated because of fear , even better!
Although the profitability of Korean Air is not very good, it is still an airline that occupies more than half of the market share in a developed country. It plays a vital role in its own aviation territory. Therefore, it is worth spending a little more saliva on this!
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