Reborn Resource Tycoon

Chapter 937 Li's Expansion

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Fang Mingyuan rested his hands on the table, propped his chin, and looked at Li Xintong with a half-smile.

Li Xintong and him looked at each other for a while, but finally couldn't stand Fang Mingyuan's eyes that seemed to see through people's hearts, and turned away.

"Okay, does President Li have a new acquisition target? Let me think about it, it should be Ssangyong Motors from your country?" Fang Mingyuan laughed dumbfounded.Although he has stayed in the country, he is not ignorant of the economic development of neighboring countries.In South Korea, so far this year, the auto industry is mainly related to the bankruptcy of Ssangyong Motor Company.

Li Xintong immediately turned her head back, with a look of astonishment on her face, she never expected that Fang Mingyuan would defeat Li Jianxi's intentions in one bite.

Ssangyong Motor Company is also a well-known automobile company in South Korea. It was formerly known as Hadong Huan Automobile Factory, which was founded in the 50s.At that time, the Korean War had just ended, and it was established with the technical assistance of a professional military off-road vehicle company in the United States. At first, it provided the production of jeeps for the US troops stationed in Korea, and later expanded to the production of dump trucks, trucks, through buses, etc. and special vehicles such as Fire trucks, tank trucks, etc.

After officially changing its name to Ssangyong Motor Co., Ltd., Ssangyong Motors began to manufacture four-wheel drive vehicles and became the top four-wheel drive vehicle manufacturer in Korea.Ssangyong Motors has also established a cooperative relationship with the world's top car manufacturer Mercedes-Benz, purchasing patented technology from Mercedes-Benz, and conducting capital cooperation, including light commercial vehicles, diesel engines, luxury passenger cars and gasoline engines!

It can be said that in the 90s of the last century, Ssangyong Motor Company has developed into a well-known comprehensive automobile manufacturing enterprise mainly manufacturing four-wheel drive vehicles, as well as producing large passenger cars, special vehicles, automobile engines and spare parts!

It's just that the fate of Ssangyong Motor is very bad.The financial crisis that has been sweeping Southeast Asia has even involved South Korea, and the poor SsangYong Motor is also facing a crisis of bankruptcy.In times of crisis, South Korea's famous automobile company Daewoo Motor Company brazenly acquired Ssangyong Motor Company.However, as the economic crisis continued to expand, the Daewoo Group, which was still expanding in size during the crisis, eventually went bankrupt because of its inability to repay its debts. As the core enterprise of the Daewoo Group, Daewoo Motor Company was naturally listed as one of the auction targets.Ssangyong Motor Company was separated from Daewoo Group and became an independent listed company. However, due to poor management of the company, it is still on the verge of bankruptcy.

Fang Mingyuan knew about Ssangyong Motor Company.It is because in the previous life, Huaxia's Shanghai Stock Automobile Group Corporation had acquired more than 50.00% of Ssangyong Motor's equity in [-]. At that time, this was boasted by the Huaxia media, and it was known as Huaxia Motor's going abroad. Iconic event.

Only four or five years have passed.Due to the outbreak of the financial crisis again, SsangYong Motor Company once again fell into a business crisis.And this time.Due to the surprisingly tough labor union of Ssangyong, the Korean workers went on strike and occupied the factory for 30 to [-] days, and finally Ssangyong entered bankruptcy proceedings.As a result, the Shanghai Automobile Group Corporation lost more than [-] billion yuan and changed from a major shareholder to a minority shareholder.Ssangyong was later sold to a company in India.

The reason why this incident was also aroused in China was not only because the Shanghai Automobile Group suffered heavy losses, but also because dozens of members of the Ssangyong trade union and some civic groups surrounded and demonstrated in front of the Huaxia embassy in South Korea.Claiming that the Shanghai Stock Automobile Group Company violated the agreement to steal the core technology of Ssangyong Motors, and demanded that the Shanghai Stock Automobile Group Company compensate for the losses.

Later, some media commented that since the Shanghai Stock Automobile Group Corporation took over Ssangyong, it has been plagued by powerful Korean labor union forces.Chinese managers stationed overseas have also been detained.During and after the acquisition.The Ssangyong labor union organized several strikes, or threatened to strike, forcing the Shanghai Automobile Group Company to raise wages and benefits for employees, and resolutely resist layoffs.

"I think Chairman Li wants to acquire Ssangyong Motor Company in the name of Samsung Group? But what does that have to do with Qinchuan Samsung Motor Co., Ltd?" Fang Mingyuan continued.If Samsung Motors acquired Ssangyong Motors, then Li Jianxi didn't need to ask for his own opinion at all, because Samsung Motors is a private company of the Li family.As for Qinchuan Samsung Automobile Co., Ltd., as a joint venture established in China, Fang Mingyuan believes that it does not yet have the strength to turn around and acquire a local Korean company.Then only the Samsung Group is left.Samsung Group now also owns Samsung Kia Motors Corporation. Although the benefits are not bad, compared with other companies in the Samsung Group, it is obviously dwarfed.If Li Jianxi wanted Samsung Group to acquire Ssangyong Motor Company, of course he had to seek the opinion of himself, the major shareholder.

"No, my father intends to use Samsung Motors to acquire the controlling stake in Ssangyong Motors. And why is it not related to Qinchuan Samsung Motors Co., Ltd.? If the acquisition is successful, my father can transfer the patented technology of Ssangyong Motors To Qinchuan Samsung Motor Co., Ltd!" Li Xintong said with a smile.Fang Mingyuan still guessed something wrong, which made her very happy.

"Huh?" Fang Mingyuan sat up straight in surprise. Li Xintong's answer was somewhat unexpected. Did Li Jianxi actually plan to buy Ssangyong Motors from Samsung Motors?Although it can be said that Samsung Motors is currently only an empty shell left in South Korea, the production line has been moved to China, and the original factory location has also been transferred to Samsung Kia Motors, but it still exists.

At the same time, Fang Mingyuan's brain was also running fast. I believe that Samsung Motors' acquisition of Ssangyong Motors will not encounter too much resistance in Korea. After all, it is a merger and acquisition between local companies, and it is much easier for ordinary Korean people to accept it. .As for the labor union of SsangYong Automobile Company, Li Jianxi has to deal with them.Even if it is a loss, it will not affect your own interests.

And if Li Jianxi really succeeded in the acquisition, it would be a good thing if he could transfer the patented technology owned by Ssangyong Motor Company to Qinchuan Samsung Motor Co., Ltd.

Fang Mingyuan is quite optimistic about the prospect of four-wheel drive vehicles in China. Although the products of Ssangyong Motor Company have high fuel consumption and high manufacturing costs, and the oil price in the international market has been rising all the way. South Korea has a small land area. The demand for multi-purpose vehicles is limited, causing SsangYong Motors to be seriously unsalable after [-], with an annual output of only about [-] vehicles.But in China, the popularity of sports utility vehicles, that is, SUVs, has surprised many people.Fang Mingyuan can fully imagine the introduction of SsangYong Motor's technology, cost reduction, and fuel consumption reduction. In the future, Qinchuan Samsung Automobile Co., Ltd. will undoubtedly produce another blockbuster product.Moreover, SsangYong Motor Company also has the technology to produce gasoline and diesel engines. Although it is not at the world's advanced level, if it can be introduced, at least it must have a good platform foundation first, and then find ways to improve it.This will play a significant role in reducing the manufacturing cost of Qinchuan Samsung Automobile Co., Ltd. in the future.

Looking at Fang Mingyuan who was lost in thought, Li Xintong couldn't help admiring his father a little more. His father really knew Fang Mingyuan, and as his father said, Fang Mingyuan's attitude changed when he mentioned the transfer of patented technology.

Fang Mingyuan knocked on the table and said, "What does President Li need my help for?"

"Samsung Motors needs the support of the Second Gulf Bank in terms of loans." Li Xintong said.Although in recent years, the Samsung Group has developed at an astonishing speed, and a series of best-selling products have been launched, which has made the Samsung Group firmly become the number one financial group in South Korea.The Li family has also benefited a lot from it, but to acquire Ssangyong Motors and become a major shareholder, at least [-] to [-] million US dollars must be prepared, and the acquisition requires a lot of investment.It's not impossible for the Li family to spend this sum of money, but it will affect other investments.

In order to redeem the shares of Samsung Group from Fang Mingyuan after [-], the Li family is now desperately trying to make money.The automobile industry is a breakthrough currently chosen by the Li family.

It's just... Seeing the market value of the listed companies under the Samsung Group continue to rise one by one, the Li family will naturally have to prepare more funds if they want to redeem the shares of the Samsung Group.

"No problem!" Fang Mingyuan replied cheerfully.Taking advantage of the financial crisis in Southeast Asia and with the help of the Samsung Group, Second Gulf Bank entered the Korean financial industry by acquiring a medium-sized bank that was on the verge of bankruptcy in South Korea. Although it does not have many business outlets in South Korea, its business It is quite prosperous.Later, Fang Mingyuan helped a few Korean consortiums in the single-hull oil tanker's decommissioning from active transportation, and now the Second Gulf Bank is even more at ease in the Korean financial industry.

"Father, I still want to hear your advice, Young Master Fang." Li Xintong said.

Fang Mingyuan pondered for a moment and said: "I heard that the trade union of Ssangyong Motors is very domineering, but I believe that Chairman Li will be able to deal with those union members. Also, I personally think that in the future, the international market will In fact, the price of crude oil should be on the rise. I hope that Chairman Li will be considerate when purchasing Ssangyong Motors, as Ssangyong Motors has a high demand for fuel." (To be continued..)