Li Yuanbin looked at the big characters on the screen behind Pu Xueyun and said nothing for a long time. He just nodded slightly and leaned on the chair again.

Park Xueyun nodded, then reorganized her words and continued to speak to the senior executives present.

“With the failure of Peninsula Energy’s investments in Africa and India, the company incurred huge losses, but Peninsula Energy chose to establish many offshore companies to help the company avoid taxes and cover up operating losses, and also used financial fraud to boost external profits.

Company share price.”

"But the losses from investing in India are too great. Inflating profits by offshore companies and then driving up the stock price cannot fill this hole. That's why yesterday, the chairman of Peninsula Energy revealed to the public that the company was hiding behind the scenes.

operating losses, followed by a sharp drop in stock prices..."

Park Seol-yoon explained everything that happened at Peninsula Energy Company, and Li Wonbin already understood what was going on.

The general meaning is that during the operation process, Peninsula Energy Company established some SPEs, whose Chinese names are called special purpose entities, which are what people call shell companies.

Then these shell companies use Peninsula Energy's stocks as collateral, borrow debts or financing, and then use the money to buy Peninsula Energy's assets. After doing this, Peninsula Energy can pass some of its liabilities through

The means of accounting are converted into equity.

Simply put, some of Peninsula Energy's liabilities and losses are transferred to these shell companies through these special purpose entities. In this way, the liabilities on the books become lower, which means that the owners' equity becomes higher.

In other words, it means higher profits.

Of course, as mentioned here, these shell companies are going to use Peninsula Energy's stock to carry out a series of operations, so as long as Peninsula Energy's stock continues to rise, this method can be repeated continuously.

If the financial statements are good-looking, the market will have confidence in them, and then the company's stock price will rise. As long as the stock price rises, the shell company scheme can continue, and the continuous inflow of money will make the financial statements more beautiful.

.

However, this approach will obviously not last, and there will always be a fatal blow to make the bubble float away in the wind.

With the failure of Peninsula Energy's large-scale investment in India, this long-lasting cycle was finally broken.

This led to the statement made by the chairman of Peninsula Energy yesterday. The failure of the investment caused the stock price to drop, and the situation belonging to Peninsula Energy was destined to fail.

"So, they must have cashed out, right?"

Li Yuanbin leaned on the chair, supported his chin with his left hand, placed his right hand lightly on the armrest, and tapped his fingers regularly.

He suddenly remembered that at the beginning of this year, the chairman of Peninsula Energy Company was still chatting with him at a party about how good their company's stock price was. Now it seems that everything is fake!

Park Xueyun looked at Li Yuanbin solemnly and nodded, and then said worriedly: "Yes, the chairman of Peninsula Energy Company began to sell off the company's stocks he held more than a year ago, while ordinary investors were

Energy companies cajoled and continued to buy into Peninsula Energy stock."

Kering Group still holds a lot of Peninsula Energy shares, which were originally bought but not sold yet.

This is also the most direct reason why Park Seol-yoon hurriedly asked Li Won-bin to return to the company today.

Li Wonbin was not surprised at all by what Park Seol-yoon said.

After all, they are the ones who continue this financial fraud. They know that the company's prospects are not good, so they openly give investors confidence and continue to raise the stock price, but secretly short out the company's shares in their hands. This is also a normal operation.

.

I just pity those investors who don’t know the truth...

If things continue to develop like this, Peninsula Energy will inevitably go bankrupt, and nearly tens of thousands of people will lose their jobs. Park Xueyun thinks it is a small problem, but if Kering Group is affected by this, she will never accept it!

“How many employees does Peninsula Energy have right now?”

Li Yuanbin closed his eyes and thought about the stakes, then slowly opened his eyes and looked at Park Xueyun and asked.

Park Xueyun lowered her head and glanced at the information in her hand, then looked at Li Yuanbin and said slowly: "After calculation, Peninsula Energy Company has nearly 70,000 employees, and some domestic investment projects are not included."

"Seventy thousand people...seventy thousand people...this is not a small number~"

Li Yuanbin whispered while his brain was running crazily.

After some thought, Li Yuanbin decided to wait a little longer, maybe things would turn around.

The executives present here have also set their sights on this man who has repeatedly led them to achieve great results. His decisions will be carried out with the utmost trust of these people.

"Let's do this, keep a close eye on Peninsula Energy for three days, and then we'll make a decision!"

After thinking for a long time, Li Yuanbin looked at everyone present and said slowly.

Li Yuanbin finally decided to wait.

Standing on the podium, Pu Xueyun opened her mouth, obviously wanting to say something, but after thinking about it, she gave up the idea.

After the meeting, Park Seol-yoon followed Li Won-bin to the office.

Park Seol-yun looked at Li Yuan-bin who was sitting on the chair with a calm expression, and couldn't bear the curiosity in his heart and asked: "Isn't the president not afraid of losing money at all?"

Li Yuanbin put down the water glass in his hand, smiled, and asked Park Xueyun: "I just asked you how many direct employees Peninsula Energy Company has?"

Park Seol-yoon replied without thinking: "More than 70,000 people?"

Li Yuanbin nodded and stopped talking. Pu Xueyun was the only one standing here thinking about the reason.

A few minutes later, Park Xueyun seemed to have found the answer, and a flash of white light flashed in her eyes.

This chapter is not finished yet, please click on the next page to continue reading the exciting content! "What the president means is that the Blue House will not let it go?"

The more Park Seol-yoon talked, the more she felt that she was right, and the more she felt that she was short-sighted.

After hearing this, Li Yuanbin nodded with satisfaction and waved his hand to her: "By the way, let's stop registering the company for now!"

"Ok, I see!"

Having figured it out, Park Seol-yun stopped worrying, bowed slightly to Li Won-bin, and then left the office.

Seeing Park Xueyun's back disappear before his eyes, Li Yuanbin opened some information documents about Peninsula Energy Company and read them carefully.

At the same time, I was also thinking about how Kering Group could profit from this matter.

After all, Li Wonbin just exchanged the technologies related to oil and natural gas extraction, transportation, refining, and production today, and also ordered Park Xueyun to register two companies.

After the Peninsula Energy incident, Park Seol-yoon's registration of the company was naturally delayed, so Li Wonbin is now considering the possibility of acquiring Peninsula Energy and bringing it under his control.

Once Li Yuanbin feels that it is feasible, the shares of Peninsula Energy in his hands will become the best weapon.

Before getting off work, Li Wonbin received a call from his father, Lee Jae-yong.

"Hey, why does dad have time to call me?"

Li Wonbin picked up the phone and teased Lee Jae-yong with interest.

Lee Jae-yong was not angry, and smiled and said to Li Wonbin: "You kid, I can't call you if I have nothing to do, right?"

"Of course not."

"Okay, I won't make trouble with you anymore. I called you today to tell you that you should remember to make time for tomorrow."

Lee Jae-yong was sitting in the car, looking at the scenery outside the window calmly.

Li Yuanbin frowned, feeling that there was something in Li Zaiyong's words. If it was not a very important matter, he would never ask himself like this.

He took off his glasses, stood up from the chair, came to the floor-to-ceiling window, looked at the tall buildings outside the window, and said slowly: "What's going on?"

"The Cheong Wa Dae invites us to have lunch tomorrow. Hyundai, LG, and SK will all be there. Your name is also on the list, so I called you to tell you."

"Look at the time now, the invitation letter will probably arrive at your company soon."

Lee Jae-yong's tone became very calm, as if he was talking about an extremely ordinary thing, but the news contained in it was very huge.

Excluding Lee Won Bin, the four people on the list are Samsung Group Chairman Lee Jae-yong, SK Group Chairman Choi Tae-won, LG Group Chairman Goo Kwang-mo, and Hyundai Motor Group Chairman Chung Eui-sun.

At first glance, it seemed that the heads of the four major peninsula chaebols were all present.

But there is a fifth person's name on this list, that is Li Yuanbin. What this means, no one can say.

Li Yuanbin took a deep breath and nodded: "I understand, I will make time tomorrow!"

Lee Jae-yong nodded, but did not forget to tell him: "That's it, we will see you at the Blue House tomorrow."

"see you tomorrow."

The two said a few more words and then hung up the phone.

Li Yuanbin put his mobile phone in his pocket, leaned against the glass frame with his arms folded, and remained silent.

"I hope there will be a good result tomorrow!"

Li Yuanbin said silently in his heart, turned around, took his clothes and left the office.

Sure enough, as soon as Li Yuanbin walked out of the office, he met Park Xueyun walking over with something.

“President, it’s something from the Blue House!”

After arriving at Li Yuanbin, Park Xueyun looked around and found that no one was paying attention here, so she whispered to Li Yuanbin.

"I understand, give me the stuff."

Li Yuanbin nodded, reached out and took the thing from Pu Xueyun's hand, and left.

------------------

Early the next morning, a piece of bombshell news hit all netizens, making people wonder, is this true?

The content of the news is roughly this: According to Yonhap News Agency, the President of the Peninsula will invite the heads of the five Korean Peninsula business groups to lunch at the Blue House today.

Next is the list of these five companies. The first four are still the same, and netizens are no exception. But why is the fifth one Li Yuanbin, chairman of Kering Group?
To be continued...