Chapter 2038 Jin Jingcheng takes a stake in SK Group!
The next day, June 19.
This day, Jin Jingcheng was on the hot search on the Internet again because of a big business operation.
"Jin Jingcheng becomes the third largest shareholder of sk group"!
It was this news that swept the entire Internet that day, shocked the entire business community in South Korea, and even alarmed some political leaders.
The sk group is the fourth largest chaebol in South Korea, and its asset strength is second only to Samsung Group, Hyundai Group, and LG Group, which have long dominated the top three.
sk Group is also South Korea's third largest multinational enterprise, mainly energy, chemical and information and communication as the two pillar industries. In the past life, sk Group ranked 57th in the Fortune Global Top 500 rankings in 2013, with annual sales revenue exceeding US$80 billion.
In the field of energy, sk Group is the largest comprehensive energy chemical company in South Korea. The Ulsan oil refinery has a processing capacity of 42 million tons of crude oil per year. It is one of the largest single refinery factories in the same industry in the world. Its management technology in energy conservation, environmental protection and operation has been recognized by international peers. For many years, Solomon, the world's authoritative evaluation agency for the refining industry, has been rated as the most efficient enterprise in the global petrochemical industry.
SK Group is also a leader in the telecommunications field. In 1996, it successfully achieved commercial use of CDMA for the first time worldwide, and achieved the success of promoting mobile communications such as the 2.5th generation cdma-2000-1x service and the 3rd generation synchronization method Imt-2000 for the first time. SK Telecom is the largest mobile communication operator in South Korea, with a market share of more than 50% in South Korea and has a number of patented technologies.
There will be such a large-scale sk group today, thanks to its three huge leap process.
The predecessor of the sk group was Xianjing Fabric, which was established in 1953.
The first huge leap of the sk group was from 1953 to 1960s, and it experienced the production of fabrics to polyester raw silk.
The second huge leap of the sk group was from the 1970s to the 1980s, completing the vertical integration from oil to fiber.
The third huge leap of sk Group was in the 1990s, and entered the communications and information industry.
How could such a sk group suddenly make Jin become its third largest shareholder?
Jin Jingcheng's business operation was so sudden. No wonder it swept the Internet, shocked the business world, and alarmed the political world!
...
Suddenly, that is the view of the outside world.
For Jin Jingcheng, it was not sudden. It was him who seized the opportunity, quietly planned and fought for the results.
This matter starts with the marriage between Zhang Yingye and Jin Yuancai.
Fifty days ago, Zhang Yingye and Kim Won-Cae got married, which made the Zhang family closely unite with the Jin family in the political circle. With the Kim Dong-woo's family in the Jin family, it formed a family alliance. You should know that the Kim family where Kim Dong-woo is located is the largest big family in the military, while the Kim Won-Cae's political circle in the political circle is the third big family in the political circle, and the Zhang family itself is the largest big family in the political circle.
This is not all. Later, the Han family where Han Shiyin is also involved and joined the family alliance. The original appearance of Han Zhongquan and Han Bingli at the wedding banquet between Zhang Yingye and Jin Yuancai together is proof.
Therefore, the Zhang family, the Jin family, the political circles of Jin family, and the Han family formed an unprecedentedly powerful alliance of political, military and business families.
Therefore, under the leadership of the Zhang family, this political, military and business family alliance launched a retaliation against the Cui family and the Lu family.
Zhang Chengzhen was severely sinistered by the Choi family and threw away the Chief Justice. His political future in South Korea was ruined. How could the Zhang family resist this? If he didn't take revenge, it would not be the Zhang family. Losing face is small, and it will also affect the Zhang family's status and image in the Korean political circle.
Jin Jingcheng had long anticipated this revenge operation, but he didn't expect it to be so strong and strong at the beginning.
The Cui family and the Lu family were severely damaged during this period.
And Jin Jingcheng also participated in this revenge operation and gained great benefits from it.
As early as the wedding banquet between Zhang Yingye and Jin Yuancai, when Jin Jingcheng saw Han Zhongquan and Han Bingli appear, he noticed the business opportunity and thought: "If the Han family participates, does it mean that there will be changes in the sk group? So, is this my chance?"
Sure enough, the opportunity came later.
Zhang Chengyuan found Jin Jingcheng, indicating that one of the key points of the Zhang family’s retaliation operation this time was to crack down on the sk group controlled by the Cui family!
The apparent president of sk group is Choi Tae-won. In fact, Choi Tae-won is the collateral bloodline of the Choi family. In other words, sk group is actually controlled by the Choi family.
The Cui family, the most important family in secret, is the Choi family. The two most important industries are the sk group and the Choi Investment Company. The sk group is deliberately controlled by the collateral bloodline Choi Tae-won. It is exposed on the surface that the Choi Investment Company is just a medium-sized investment company on the surface. In fact, the assets are huge, and it controls other important businesses of the Choi family besides the sk group, which are directly controlled by the patriarch of the Choi family.
However, the Cui family is only the largest shareholder of sk group. The Han family where Han Shiyin is located is the second largest shareholder of sk group. In recent years, the Han family's shares in sk group have been controlled and operated by Han Bingli.
Zhang Chengyuan told Jin Jingcheng: "We should focus on cracking down on the sk group and weaken the Cui family's control over the sk group."
Jin Jingcheng asked directly: "What do I need to do?"
Zhang Chengyuan said that with the help of the Han family, Jin Jingcheng could take the opportunity to invest in sk Group and become the third largest shareholder.
This is really a huge business opportunity!
Zhang Chengyuan himself wanted it very much, but there was no way. The Zhang family was very sensitive, and this time it was a revenge initiated by the Zhang family. It was not convenient for him to invest in the sk group, so he found Jin Jingcheng because Jin Jingcheng had this capital, and because Jin Jingcheng was a "half Zhang family member". In addition, Zhang Chengyuan, the head of the Zhang family, admired Jin Jingcheng, a junior.
Once Jin Jingcheng becomes the third largest shareholder of sk group, Jin Jingcheng's future will be even more terrible. Jin Jingcheng's rapid growth will certainly be beneficial to the Zhang family, so Zhang Chengyuan's arrangement this time is mainly a cooperation in interests.
Of course, Jin Jingcheng would not miss this huge business opportunity.
So, Jin Jingcheng took out all his profits in the United States and South Korea in recent times, and temporarily transferred 600 million US dollars from the funds for "surfing the financial crisis", forming 800 million US dollars. With the cooperation and help of the Zhang family, the Kim family, the political Kim family, and the Han family, he squeezed into the sk group in a secret but powerful way, seized 2.5% of the shares, and became the third largest shareholder of the Cui family.
Can a 2.5% stake become the third largest shareholder of sk Group?
This is the fact, because the shares of sk Group are very scattered, and even the president Choi Tae-won doesn’t have much shares in his personal shares. Many chaebol groups in South Korea are very scattered. Even the presidents who control these chaebol groups will most likely not be particularly amazing, no better than those of the United States and China.
In his previous life, Choi Tae-won ranked tenth on the 2010 Korean Rich List, but his personal net worth was only US$1.3 billion.
At this point, the largest shareholder of sk Group is the Cui family, the second largest shareholder is the Han family, and the third largest shareholder is Jin Jingcheng!
Chapter completed!