Rebirth I Am a Chaebol In Korea

When Xu Qingpei returned home, he asked the secretary to temporarily contact the members of the council, and he would convene the council at 8 o'clock tomorrow morning.

In the early morning of May 28, Zhou Mi, who was released from the Central District Prosecutor's Office, checked into a nearby hotel and was supervised by two police officers.

Yongsan District, Seoul

At the Amorepacific Group building, at 7:30 in the morning, Xu Qingpei entered the meeting room. Other family members, Xu Minjing, Xin Yunjing and others, walked in with him.

As soon as eight o'clock arrived, all the members of the council had arrived.

"I invite you all to discuss the cooperation between our club and the Five Star Group."

As soon as this remark came out, everyone except the Xu family began to talk about it.

"Didn't Minister Xu break up with Zhou Wenhai?"

Someone whispered.

"Yes, why are you suddenly cooperating with Five Star Group again?"

"Is it because of Sulwhasoo?"

Xu Qingpei cleared his throat, "Please be quiet, everyone, let me talk about specific cooperation matters."

The members of the board of directors below all quieted down and waited for Xu Qingpei to speak.

"Five Star Group will sell 10% of their respective five-star food clubs and five-star construction clubs to our club. They also promised to send our products to China for sale without charging any service fees."

Speaking of this, Xu Qingpei glanced at every member of the board of directors, and everyone had a puzzled expression on their faces.

"Equivalently, our club transferred Sulwhasoo to Five Star Group at a price of 150 billion won."

Sure enough, the members of the council below all exploded.

"Chairman Xu, I firmly disagree with this. Last year, our Sulwhasoo’s sales were close to one trillion won, which is one-third of the total sales of all products. Sulwhasoo was to be transferred to Five Star Group. I was the first to disagree. ."

A fat old man in his fifties stood up and objected.

"I don't agree."

Several minority shareholders successively stood up to oppose Xu Qingpei's decision.

"Director Kim, have you ever thought about a question?" Xu Minjing defended her father. "Our sales last year were more than 32 trillion won, but among them, more than 13 trillion won of sales came from In Huaguo, if the five-star group charges 20% of the service fee, then we will give them more than 260 billion won for no reason."

"Why are there so many service fees? Our profit is only more than 600 billion won, so how can we give so many service fees?"

The Director Kim asked inexplicably.

"Because the service fee charged by Five Star Group is not based on 20% of our profits, but 20% of sales."

Xu Minjing explained again.

"That's a big deal. If you don't enter the Chinese market in a short time, I don't believe it. The Chinese market will not be open to us in three to five years."

Another 30-something-year-old director said angrily.

"In three to five years? At that time, the Chinese market would have been occupied by LG Health Club and cosmetic brands produced in other countries. Our advantage would have been small."

Xu Minjing retorted.

Xu Qingpei couldn't help shaking his head. What these people didn't know was that if they didn't agree to Zhou Wenhai this time, they might completely withdraw from the Chinese market.

"Chairman Xu, last time you asked us to agree to transfer Sulwhasoo to Zhou Wenhai because Minister Xu and him were talking about marriage, but in the end you suddenly broke off the relationship with this kid, why? Have you become a family?"

Director Kim sarcastically said.

"Ah, Director Kim, please speak carefully to me. I don't want to talk nonsense anymore. Let's vote by show of hands."

Xu Qingpei was the first to raise his hand to agree, followed by Xu Minjing and Xin Yunjing.

"The big shares are in the hands of their Xu family, and the representatives of those clubs have no objection. Forget it, let's raise our hands."

Some people persuaded Director Kim that they are all individual shareholders, and their total shares are less than 5%.

In the final voting result, more than 90% of the board members agreed and announced that the board had passed the proposal to transfer Sulwhasoo to the Five Star Group.

Seocho-gu, Seoul

In the evening, Zhou Wenhai came to the Central Prefectural Procuratorate. He asked Minister Huang to release Zhou Mi and Xu Guangpei, and gave him all the evidence found by the prosecutor in the past few days for his disposal.

"President, why?"

Minister Huang asked dumbfounded.

"Minister Huang, I have got what I want, so be it."

Just before Zhou Wenhai came to the Central Preliminary Procuratorate, he and Xu Qingpei had already initialed the contract, and the formal contract will be signed at a press conference three days later.

Three hours later, Zhou Mi and Xu Guangpei were acquitted and Li Xiuman repeatedly thanked Zhou Wenhai on the phone.

"It's nothing, President Li, don't forget our agreement."

"Yes, I will send the best music production team to the Milkshake Entertainment Club tomorrow."

Li Xiuman said with a smile.

Thursday, June 1

Yangcheon District, Seoul, SBS Broadcasting Center, Five Star Group and Amorepacific Group held a press conference here, Xu Qingpei officially announced to the outside world that Amorepacific Group had transferred its cosmetics brand Sulwhasoo to Five Star at a price of 150 billion won. group.

Zhou Wenhai also announced that Amorepacific Group will hold 10% of each of the five-star food club and five-star construction club under the five-star group.

The two signed a formal contract in front of the reporters, and the host asked Zhou Wenhai and Xu Qingpei to shake hands and take a group photo.

"Two presidents, please smile at the camera."

The reporter who took pictures of them suggested.

Zhou Wenhai smiled from the heart, while Xu Qingpei's smile was somewhat reluctant.

【Ding! Congratulations to the host’s assets reaching 2.5 trillion won and receiving system rewards, 250 billion won]

A Sulwhasoo increased Zhou Wenhai's assets by one trillion won~www.readwn.com~ He smiled brighter when facing the camera.

"Congratulations, Lord President."

Other senior executives of the Five Star Group were also very happy, and they congratulated Zhou Wenhai.

In the next few days, Five Star Group and Amorepacific Group have been handling the handover of Sulwhasoo. Zhou Wenhai first bought the remaining Sulwhasoo inventory of Amorepacific Group for 13 billion won, and then he paid 67.1 billion. The Sulwhasoo production plant of Amorepacific Group in Ansan City was acquired at the price of Korean won.

At first, Zhou Wenhai originally planned to include Sulwhasoo under the name of Five Star Life Club, but considering that Xu Junji holds 30% of the shares of Five Star Life Club, Zhou Wenhai dismissed this idea.

Although he can take this opportunity to take back part of the shares from Xu Junji, he does not want to have a rift with Xu Junji because of this.

Zhou Wenhai established a new department responsible for the production, sales and operation of the Sulwhasoo factory in the Five Star Group, named Sulwhasoo Headquarters.