I'm a chaebol in South Korea

Chapter 85 The Prince's Rebellion
After negotiating cooperation with SAIC, the two parties will sit down with trade union representatives to sign a tripartite agreement.

U·L·I·T, represented by Li Zhenyu, obtained 48.9% of Ssanglong Motor's equity held by SAIC Motor and exercised its shareholder rights as an agent.

SAIC fully withdrew from the operation of Shuanglong Motors and started a new cooperative relationship with Shuanglong as a strategic partner.

No longer holds a seat on the board of directors, and participates in specific operations without making any decisions.

U·L·I·T must guarantee all rights and interests of SAIC, and if the above-mentioned situation occurs, all losses shall be borne by itself.

Five years later, the US$5 million used by SAIC will be unconditionally returned, and U·L·I·T will be responsible for all profits and losses incurred during the period.

As a direct participant and witness, the labor union approves and approves this transaction.

U·L·I·T is not a substitute, it joins the big family of Shuanglong Motors as a new investor.

The specific content of the agreement is far more complicated than the above, and those will naturally be finalized by legal and business affairs.

The three teams will do their best to strive for more benefits for themselves.

As for who can be more skilled, it depends on the ability.

Oh, right.

The complexity of this big family reminds Li Zhenyu of an American drama: Shameless.

All the men and women present here are shameless bastards, Xiba!
The signing of the agreement is progressing smoothly, but this is only the beginning of the whole thing, the first step...

Because, next, Li Zhenyu will face questions and attacks from all directions, and the main course is to be able to resist the pressure and integrate resources so that Shuanglong can start construction smoothly.

"President Li, if you have any ideas, you can tell us now."

The subordinates were confirming the details next door, and the three bosses who were in charge drank tea and chatted in the VIP room.

Next, how will he solve the most headache parts.

"Make a deal." Li Zhenyu looked relaxed, at least more relaxed than everyone present.

"A deal, what kind of deal?" Quan Yilong was puzzled, and so was the SAIC representative.

Who is he going to make a deal with, Hyundai...or Sanxin?
No matter which one, what does he use to impress the other party.

Normally, this is a difficult task, no one can easily take Shuanglong away.

Hyundai just wants to let it die, so that it has one less potential threat.

There is no need to think about annexation. The market occupied by Hyundai has already caused a lot of dissatisfaction, and being greedy will only lead to indigestion.

Sanxin, on the other hand, wanted to swallow it and start the car business again, but at the same time worried about the recurrence of past failures, and was in a tangle.

Sanxin Renault's situation has just improved and is currently on the rise.

There are two possible situations for swallowing Shuanglong: either gradually digest, obtain technical support and start multi-line layout, and grow bigger and bigger.

Or, being overwhelmed by Shuanglong, unable to swallow or spit out, let it choke to death.

Even if it is rescued, it will become half dead.

But one thing it is consistent with Hyundai's idea is to let Shuanglong continue to rot.

Although, Li Zhenyu belittled it to nothing.

However, Shuanglong was still the top three car manufacturers in the local sales volume before, and its glorious past and technological accumulation during the war era are even more valuable assets.

If this were not the case, giants from various parties would not have been attracted to incorporate it into their overseas systems.

For new energy technology, Shuanglong has not long entered the research and development stage, and there are some small achievements that cannot be produced.

However, in terms of diesel engine technology and accumulation, Shuanglong is proud of its achievements and patent chain.

Li Zhenyu took over Shuanglong Motors, and Sanxin may stay out of the matter.

Even if the old man of the family is unwilling, Li Zhenyu will persuade him.

After lending the shares of Sanxin Electronics to Li Fuzhen, he has been waiting for the other party to take the initiative to contact him.

But the old fox just kept his cool, so far he hasn't expressed any signs of it.

That being the case, it is also very reasonable to take the initiative to visit the elders.

What's more, I brought him a big gift.

Swallowing an elephant with a snake, a rare thing that can only be seen if it is difficult to snatch food from the tiger's mouth, the old man must be very happy to see it!
As for modern times, they will certainly not sit idly by.

Sanxin is struggling, Hyundai is different, allowing Shuanglong to be reborn from the ashes is no different from putting a knife on his own neck.

Moreover, he took the initiative to lean his neck up, begging to let others frame him.

How much do you owe?

But Li Zhenyu has his own way, who makes him extraordinary!
"Trust me, I'll get it done." Li Zhenyu didn't answer the questions of the two, but raised his glass with a smile and said, "Cheers."

"Cheers." The two looked at each other and toasted helplessly.

I hope that things will go as smoothly as he thought, and there will be no more side effects.

Neither Quan Yilong nor SAIC can withstand more waves...

The place is small, and there are benefits of being small.

As long as you have a certain social status and influence, you will find acquaintances everywhere.

Li Zhenyu didn't know anyone from the modern Zheng family, but that didn't matter, because some people knew them.

Such as Li Fuzhen, such as Zhao Yingjun, or Quan Junxu.

For another example, he can take the initiative to come to the door and declare his identity, forcing the other party to receive him.

Or, just go to the widow of Hyundai Group.

Don't look at the modern Zheng family's low-key behavior, they are not low-key at all, the second generation are all ruthless people.

The founder Lao Zhou has eight sons and one daughter, so there is no fuel-efficient lamp.

Originally, the eldest son was an appointed prince with great power in his hands, and Lao Zhou was a staunch supporter of the "eldest son system".

As long as the crown prince is in power, Lao Tzu and his son will share the same rope, and no one will be able to make it to the top.

At that time, Hyundai was in full swing, and it had been the top chaebol in South Korea for a long time. Sanxin was just a younger brother in front of him.

When Lao Zhou retired, it was a matter of course for the prince to take over, and there was no chance for trouble.

However, the prince died young, and a car accident took his life away.

So far, the modern age has fallen into a long-standing internal struggle, and the other eight sons refuse to accept anyone, and the eight immortals cross the sea, each showing their magical powers.

Lao Zhou first asked the fourth son to take the place of the crown prince temporarily, but who knew that the fourth son was useless, and Lao Zhou felt that time was pressing, and he hoped that his son would become a dragon, so he accidentally crushed him due to too much pressure.

The fourth child was suffering from severe depression, and he couldn't think about it for a while and screwed himself up.

Now the position of the prince is hanging in the air again, but at this time, Lao Zhou's brain is offended, and the position of the prince is to be determined, each according to his own ability.

Ever since the eldest brother passed away, he has been coveting the crown prince's position, and the second child with outstanding ability took the lead in launching the offensive.

First push the relatives and uncles out of the Hyundai car, and then he has the power in his hands, and puts everyone in the Hyundai car as his own.

So far, Hyundai's excellent industry, the automobile company, is firmly in its own hands.

At the same time, the fifth son who was most "loved" by Lao Zhou also entered the headquarters to work under his arrangement, and made the second son feel a huge threat.

In the eyes of the second child, since it is the "firstborn son system", it is his turn when the eldest son dies.

But Lao Zhou first established the fourth child, and then set his sights on the fifth who is a sycophant.

But he turned a blind eye to his outstanding ability, which made the second child feel that he was unfair and resentful.

To what extent did this resentment reach? The second child once publicly shouted to the fifth child: "Any project, no matter whether it makes money or loses money, as long as your father is happy, you can do it. This can also be called a business?"

This is not slapping Lao Wu in the face, it is clearly referring to Sang scolding Huai, and it is two big gangsters to catch Lao Zhou.

Therefore, when he learned that Lao Zhou still intends to let the fifth child take over, the second child did not choose to sit and wait for death, but challenged him openly, bringing the family conflicts to the fore.

First, he took advantage of the old five's business trip to purge the company's senior management who were loyal to him, and arbitrarily placed cronies on the board of directors.

When Lao Wu rushed back, the matter was a foregone conclusion, and the two brought the 'lawsuit' to Lao Zhou who was recuperating from a serious illness.

This incident was also called by the media as the "Modern Prince's Rebellion," which directly led to the full disclosure of modern internal strife, and the selection of an heir is imminent.

Lao Zhou had no choice but to make a choice.

A week later, he still chose his 'favorite' fifth child as the chairman of the group.

But he made another foolish move, and actually gave the high-quality automobile industry with great potential to the resentful second child, and gave the same high-quality heavy industry industry to the sixth child who participated in the prince's dispute.

In the eyes of others, this is Lao Zhou's compensation for his sons.

But the bad results that can be planted must be borne by the fifth child alone.

Only three months after the death of Lao Zhou, the second child announced that Hyundai Motor had separated from Hyundai Group, and its deployment had already been completed through complicated equity replacement.

Immediately afterwards, the sixth child announced that Hyundai Heavy Industries also broke away from the Hyundai Group, using the same means as the second child.

So far, Hyundai Group has "self-defeated" its arms, and its market value has fallen from the top ten chaebols to the top ten. It has been dubbed "Little Hyundai" by the media and peers. '

But the trouble didn't stop here. The new Shi (zong)zong (tong) was in power, and the Ministry of Justice frequently summoned the fifth child to conduct judicial investigations on him.

The main reason is that when Lao Zhou was alive, he facilitated the meeting between the North and the South, took the opportunity to develop the business of the Northern Dynasty, and donated [-] million US dollars in public relations expenses to the Northern Dynasty.

At that time, it was Lao Wu who was brought by Lao Zhou's side, but now Lao Zhou is gone.

Internal and external troubles made the fifth brother who was already incapable and indecisive unable to bear it, so he made the same choice as the fourth brother.

Push open the window of the president's office at the headquarters, and jump down from the twelfth floor.

The brothers turned against each other, took away Hyundai Group's excellent automobile and heavy industry industries, and separated from the group to be independent.

Sejong fell into trouble and forced his own man to death in order to build power, leaving orphans and widows facing such a mess.

As a result, Hyun Jung-eun, who was at home with her husband and her son, had no choice but to step up to the stage to stabilize the situation.

And just before she stepped onto the stage, she suffered a huge test.

Hyundai's civil strife caused the stock price to plummet. The core industry, Hyundai Elevator, faced a crisis of mergers and acquisitions. Overseas companies aggressively acquired Hyundai's stock.

In desperation, she can only hope that blood is thicker than water and seek help from the family members of each house, hoping to solve the siege of modern times first.

However, the hatred in her heart still made her exclude the second child.

Not surprisingly, everyone refused to lend a hand to her unless she was willing to hand over control of Hyundai Group.

Although the two high-quality industries of automobile and heavy industry have been lost, the group still holds core industrial technologies such as elevators, shipping, and finance.

Besides, the Hyundai Group is the orthodox, and who doesn't want to be able to justifiably inherit the Datong.

There is only one exception, and that is my man's uncle.

Xuan Zhenen can be said to be grateful to this uncle, and regards him as a family member who can be relied on.

He came forward to acquire a certain percentage of equity, and overseas institutions chose to give up after finding that they could not achieve a controlling stake, and the overseas crisis was resolved.

But this little uncle not only did not stop, but accelerated the acquisition speed, it was clear that he wanted to hold Hyundai Group in one go.

On this day, Xuan Zhenen was taught a good lesson.

(End of this chapter)