Chapter 85 Prince Rebellion(1/2)
After negotiating cooperation with SAIC, both parties will then sit down with union representatives and sign a tripartite agreement.
U·L·I·T, represented by Li Zhenyu, obtained 48.9% of the equity of Shuanglong Motors held by SAIC and acted as an agent to exercise its shareholder rights.
SAIC has completely withdrawn from Shuanglong Automobile operations and launched a new cooperative relationship with Shuanglong as a strategic partner.
He 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 the rights and interests of SAIC. If...the above situation occurs, all losses will be borne by it alone.
Five years later, U.L.I.T. will unconditionally return US$500 million in funds used for investment in SAIC, and U·L·I·T will be responsible for all profits and losses incurred during the period.
As a direct participant and witness, the trade union agrees and recognizes this transaction.
U·L·I·T is not a stand-in, it joins the Ssanglong Motors family 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 parties’ teams will do their best to strive for more benefits for themselves.
As soon as she stepped onto the stage, she encountered a huge test.
Who does he want to make a deal with, Hyundai...or Sanxin?
No matter which one it is, what does he use to impress the other person?
Otherwise, just go find the widow of Hyundai Group.
As long as the prince is on the throne and I and my son are the same, no one will be able to get ahead.
But Lao Zhou first favored the fourth child, and then he favored the flattery, the fifth child.
Even if the old man of the family doesn't want to, Li Zhenyu will convince him.
But he used another trick, and actually gave the high-quality automobile industry with huge potential to the resentful second son, and gave the same high-quality heavy industry industry to the sixth son who was involved in the prince's fight.
The founder, Lao Zhou, has eight sons and one daughter, but none of them are fuel-efficient.
"Transaction, what kind of deal?" Quan Yilong was puzzled, as was the SAIC representative.
Li Zhenyu takes over Shuanglong Motors, and Sanxin may stay out of it.
However, the hatred in her heart still made her exclude the second child.
There are two possible scenarios for swallowing Shuanglong: either it will be gradually digested, it will gain technical support and start a multi-line layout, and it will become bigger and bigger.
But Shuanglong was still one of the top three car manufacturers in local sales, and its glorious past and technology accumulation during the war era were even more valuable assets.
Hyundai's civil unrest caused its stock price to plummet. Its core industry, Hyundai Elevator, faced a merger and acquisition crisis. Overseas companies aggressively acquired Hyundai's shares.
Because next, Li Zhenyu will have to face questions and attacks from all directions. The main dish is to be able to withstand the pressure and integrate resources so that Shuanglong can start construction smoothly.
There is only one exception, and that is my man's brother-in-law.
But it happened that the prince died young and his life was taken away by a car accident.
At that time, modern times were at their peak, and they had been at the top of South Korea's chaebol for a long time. Sanxin was just a younger brother in front of him.
New energy technology, not long after Shuanglong entered the research and development stage, there were some small results that were not available.
Internal and external troubles made Lao Wu, who was already incapable and indecisive, unable to bear it and made the same choice as his fourth brother.
Lao Zhou had no choice but to make a choice.
Besides, the Hyundai Group is the orthodoxy, and who doesn’t want to be able to legitimately inherit the throne?
Next, how will he solve the most troublesome parts.
This incident was also called the "Modern Prince Rebellion" by the media, which directly led to the full disclosure of modern internal strife, and the selection of the successor was imminent.
Immediately afterwards, Lao Liu announced that Hyundai Heavy Industries would also break away from Hyundai Group, and his methods were the same as those of Lao Liu.
The brothers turned against each other, took away Hyundai Group's excellent automobile and heavy industry industries, and separated from the group to become independent.
Although, Li Zhenyu devalued it as worthless.
The place is small, and there are advantages to being small.
What's more, I also brought him a big gift.
After lending the equity of Sanxin Electronics to Li Fuzhen, he has been waiting for the other party to take the initiative to contact him.
First, he squeezed his uncle out of Hyundai Motor, and then he took full power and placed everyone in Hyundai Motor as his own.
Now the crown prince's position is once again vacant, but it just so happens that at this time, Lao Zhou's brain is confused. There is a new crown prince whose position is yet to be determined. Each one will depend on his or her ability.
He turned a blind eye to his superior abilities, which made the second child feel that he was unfair and resentful.
In the eyes of the second child, since it is the 'eldest son system', when the eldest son dies, it is his turn.
The complexity of this big family reminds Li Zhenyu of an American TV series: Shameless.
The fourth child was suffering from severe depression, and he couldn't think about it for a moment and got himself into trouble.
At this point, Hyundai's outstanding industries and automobile companies are firmly in its own hands.
Sanxin is struggling, but Hyundai Motor is different. Letting Shuanglong rise from the ashes is no different from putting a knife on its own neck.
The subordinates were confirming the details next door, while the three bosses in charge were drinking tea and chatting in the VIP room.
As for who is more skilled, it depends on ability.
Neither Quan Yilong nor SAIC can withstand more waves...
At that time, it was Lao Wu who was taken by Lao Zhou, but now Lao Zhou is gone.
A snake swallowing an elephant or a tiger snatching food from its mouth is a rare thing that can only be seen. The old man must be very happy to see it!
As for modern times, they will definitely not sit idly by.
Not surprisingly, everyone refused to lend a helping hand to her unless she was willing to hand over control of Hyundai Group.
To what extent did this resentment reach? The second child once publicly shouted to the fifth child: "Any project, no matter whether you make money or lose money, as long as your father is happy, you can do it. Can this be called a business?"
When Lao Zhou retires, it is natural for the prince to take over, and there is no chance of causing trouble.
In this case, it is very reasonable for him to take the initiative to visit his elders.
The situation of Sanxin Renault has just improved and is currently on the rise.
Normally, this is a difficult task, and no one can take Shuanglong away easily.
Since the death of the eldest son, he has been coveting the position of prince, and the second eldest brother with outstanding ability took the lead in launching the offensive.
A week later, he still chose his "favorite" Lao Wu as the group president.
In the eyes of others, this is a kind of compensation from Lao Zhou to his sons.
At this point, modern times have fallen into a long-standing internal struggle. The other eight sons are not convinced by anyone. The eight immortals cross the sea and each show their magical powers.
Oh, right.
"Cheers." The two looked at each other and raised their glasses helplessly.
Although it has lost its two high-quality industries of automobiles and heavy industry, the group still possesses core industrial technologies such as elevators, shipping, and finance.
As long as you have a certain social status and influence, you will find acquaintances everywhere.
If this were not the case, giants from all over the world would not have been attracted to incorporate it into their overseas systems.
However, in terms of diesel engine technology and accumulation, Shuanglong has proud achievements and patent chain.
In desperation, she could only hope that blood is thicker than water and go to the heads of each house for help, hoping to break the siege of modern times first.
But the old fox just keeps his composure and hasn't expressed anything yet.
As a result, Hyun Jung-eun, who was caring for her husband and raising children at home, had to force herself to the front to stabilize the situation.
Such as Li Fuzhen, Zhao Yingjun, or Quan Junxu.
I hope things will go as smoothly as he imagined and there will be no more complications.
Moreover, he took the initiative to put his neck forward and begged for others to stand up to him.
Only three months after Lao Zhou passed away, the second brother announced that Hyundai Motor would separate from Hyundai Group, which had already completed its deployment through complex equity swaps.
Even if he is rescued, he will still be half dead.
But the consequences must be borne by Lao Wu alone.
He pushed open the window of the president's office at the headquarters and jumped down from the twelfth floor.
But the trouble did not end there. The new zong came to power, and the Ministry of Justice frequently summoned Lao Wu to conduct judicial investigations.
The main reason is that when Lao Zhou was still alive, he facilitated the meeting between the North and the South, took the opportunity to expand business in the Northern Dynasties, and successively donated US$500 million in public relations expenses to the Northern Dynasties.
Li Zhenyu does not know anyone from the modern Zheng family, but it does not matter, because there are many people who know them.
But one thing is consistent with modern thinking, which is to let Shuanglong continue to suck.
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.
"President Li, if you have any ideas, you can tell us now."
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.
To be continued...