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Fang Mingyuan put his hands on the table, held his chin, and looked at Li Xintong with a half-smile.

Li Xintong looked at him for a moment, but in the end she couldn't stand Fang Mingyuan's gaze that seemed to see through people's hearts, and turned away.

"Okay, does Chairman Li have a new acquisition target? Let me think about it, it should be your country's Ssangyong Motors, right?" Fang Mingyuan said with a dumb smile. Although he has stayed in the country, he has no interest in the acquisition of neighboring countries. However, the economic development situation is not unknown. In South Korea, so far this year, the main issue related to the automobile industry is that Ssangyong Motor Company is facing bankruptcy.

Li Xintong immediately turned her head back with a look of shock on her face. She never expected that Fang Mingyuan would reveal Li Jianxi's intentions with just one mouthful.

Ssangyong Motor Company is also a well-known automobile company in South Korea. Its predecessor was the Hedonghuan Automobile Manufacturing Plant founded in the 1950s. At that time, the Korean War had just ended and it was established with the technical assistance of a professional military off-road vehicle company in the United States. , initially produced jeeps for the US military stationed in Korea, and later expanded to the production of dump trucks, trucks, through buses, etc. and special vehicles such as fire trucks, tank trucks, etc.

After officially changing its name to Ssangyong Motors Co., Ltd., Ssangyong Motors began to manufacture four-wheel drive vehicles and became South Korea's top four-wheel drive vehicle manufacturer. Ssangyong Motors also established a cooperation with the world's top automobile manufacturer Mercedes-Benz. relationship, purchased patented technology from Mercedes-Benz, and carried out capital cooperation, including light commercial vehicles, diesel engines, luxury buses and gasoline engines!

It can be said that by the 1990s, SsangYong Motor Company had developed into a famous comprehensive automobile manufacturing enterprise that mainly manufactured four-wheel drive vehicles. It also produced large buses, special vehicles, automobile engines and spare parts!

It's just that the fate of Ssangyong Motors is very bad. The financial crisis that has been sweeping Southeast Asia has also involved South Korea. Poor Ssangyong Motors is also facing the crisis of bankruptcy. In times of crisis, Daewoo Motors, a famous Korean automobile company, made a bold acquisition. However, as the economic crisis continued to expand, the Daewoo Group, which continued to expand during the crisis, eventually went bankrupt due to inability to repay its debts. As the core enterprise of the Daewoo Group, Daewoo Motors was naturally listed as being auctioned. One of the targets. Ssangyong Motor Company was separated from Daewoo Group and became an independent listed company. However, due to poor management of the company, it is still on the verge of bankruptcy.

The reason why Fang Mingyuan knows about Ssangyong Motors is because in the previous life, China's Shanghai Automobile Group Corporation acquired more than 50% of Ssangyong Motors' equity in 2004. At that time, this was boasted by the Chinese media. It was a hotly debated event and was hailed as a landmark event for China Automobile to go abroad.

Only four or five years later, due to the financial crisis, Ssangyong Motor Company once again fell into a business crisis. This time, due to the unusual toughness of Ssangyong's labor union, Korean workers went on strike and occupied the factory for forty or fifty days. In the end, Ssangyong entered bankruptcy proceedings. As a result, Shanghai Automobile Group Co., Ltd. lost more than 3 billion yuan and changed from a major shareholder to a minority shareholder. Ssangyong was later sold to an Indian company.

This incident was also aroused in China not only because the Shanghai Automobile Group Co., Ltd. suffered heavy losses. It was also because dozens of members of the Ssangyong trade union and some citizen groups surrounded and demonstrated in front of the Chinese Embassy in South Korea, claiming that

Shanghai Automobile Group Company violated the agreement and stole core technology from Ssangyong Motors and required Shanghai Automobile Group Company to compensate for the losses.

Later, some media commented that since Shanghai Automobile Group Corporation took over Ssangyong Corporation, it has been troubled by the powerful Korean labor unions. Chinese managers stationed overseas have also been detained. During and after the acquisition,

, Ssangyong's labor union organized many strikes, or threatened strikes, forcing Shanghai Automobile Group Co., Ltd. to increase employee wages and benefits, and resolutely resisted layoffs. This resulted in Ssangyong Motor's production costs being much higher than those of its competitors.

"I think Chairman Li wants to acquire Ssangyong Motors in the name of Samsung Group, right? But what does this have to do with Qinchuan Samsung Motors Co., Ltd.?" Fang Mingyuan continued. If it is Samsung Motors acquiring Ssangyong Motors.

Then Li Jianxi does not need to ask for his opinion at all, because Samsung Motors is a private company of the Li family. As for Qinchuan Samsung Motors Co., Ltd., as a joint venture established in China, Fang Mingyuan believes that it does not have the strength to turn around yet.

Come to acquire local Korean companies. Then only the Samsung Group is left. Samsung Group now also owns Samsung Kia Motors. Although the efficiency is not bad, it obviously pales in comparison with other companies in the Samsung Group. Li

Jianxi wanted Samsung Group to acquire Ssangyong Motors, so of course he had to seek the opinion of himself, the major shareholder.

"No, my father plans to let Samsung Motors acquire the controlling stake of Ssangyong Motors. And why is it not related to Qinchuan Samsung Motors Co., Ltd.? If the acquisition is successful, my father can transfer Ssangyong Motors' patented technology

To Qinchuan Samsung Automobile Co., Ltd.!" Li Xintong said with a smile. Fang Mingyuan still guessed something wrong, which made her very happy.

"Huh?" Fang Mingyuan sat up straight in surprise. Li Xintong's answer was still a bit unexpected. Li Jianxi actually planned to let Samsung Motors acquire Ssangyong Motors? Although Samsung Motors is currently in South Korea

It can be said that there is only an empty shell left, the production line has been moved to China, and the original factory location has been transferred to Samsung Kia Motors, but it does still exist.

At the same time, Fang Mingyuan's mind was also spinning rapidly. Samsung Motors' acquisition of SsangYong Motors believed that it would not encounter much resistance in South Korea. After all, it was a merger and acquisition between local companies, and it would be much easier for ordinary Korean people to accept it.

.As for the labor union of Ssangyong Motor Company, Li Jianxi has to deal with them. Even if they suffer losses, it will not affect their own interests.

And if Li Jianxi really succeeds in the acquisition, it would be a good thing to transfer the patented technology owned by Ssangyong Motors to Qinchuan Samsung Motors Co., Ltd.

Fang Mingyuan is quite optimistic about the prospects of four-wheel drive vehicles in China. Although Ssangyong Motor Company's products have high fuel consumption and high manufacturing costs, and the subsequent rise in oil prices in the international market, South Korea's small land area makes it difficult for this kind of sport.

The limited demand for sport-utility vehicles caused Ssangyong Motors to suffer from serious sluggish sales after 2008, with an annual output of only about 100,000 vehicles. However, in China, the popularity of sport-utility vehicles, also known as SUVs, has caused many

Everyone was shocked. With the introduction of Ssangyong Motors' technology, lowering costs and lowering fuel consumption, Fang Mingyuan can fully imagine that Qinchuan Samsung Motors Co., Ltd. will undoubtedly have another powerful product in the future. Moreover, Ssangyong Motors also has

Although the technology for producing gasoline and diesel engines is not considered to be at the world's advanced level, if it can be introduced, it will at least have a good platform foundation and then find ways to improve it. This is very important to Qinchuan Samsung Automobile Co., Ltd.

It will play a significant role in reducing manufacturing costs in the future.

Looking at Fang Mingyuan who was deep in thought, Li Xintong couldn't help but admire her father a little more. Her father really knew Fang Mingyuan. As his father said, as soon as the transfer of patented technology was mentioned, Fang Mingyuan's attitude changed.

Fang Mingyuan knocked on the table and said, "What does President Li need my help for?"

"Samsung Motor Company needs the support of the Second Gulf Bank in terms of loans." Li Xintong said. Although in recent years, the development speed of Samsung Group has been amazing. The launch of a series of best-selling products has firmly made Samsung Group one of South Korea's most popular products.

The first consortium. The Li family has also made huge profits from it, but to acquire Ssangyong Motors and become the major shareholder, they must prepare at least 500 to 600 million U.S. dollars, and the acquisition will require a lot of investment. The Li family

If the family wants to spend this money, it is not impossible, but it will affect other investments.

In order to be able to redeem the equity of Samsung Group from Fang Mingyuan after 2008, the Li family is now desperately making money. The automobile industry is the breakthrough point chosen by the Li family.

It's just...seeing that the market values ​​of the listed companies under the Samsung Group continue to rise one by one, the Li family will naturally have to prepare more funds if they want to redeem the equity of the Samsung Group.

"No problem!" Fang Mingyuan replied cheerfully. Taking advantage of the Southeast Asian financial crisis that year and with the internal help of Samsung Group, Gulf Second Bank entered South Korea's financial industry by acquiring a medium-sized bank on the verge of bankruptcy in South Korea. Now in South Korea,

Although there are not many business outlets, the business is quite prosperous. Later, Fang Mingyuan helped several Korean consortiums in retiring single-hull oil tankers from active transportation. Now the Second Gulf Bank is a major player in the Korean financial industry.

It's even more like a fish in water.

"Father, I would also like to hear what advice you have, Mr. Fang." Li Xintong said.

Fang Mingyuan pondered for a moment and said: "I heard that Ssangyong Motor's labor union is very tyrannical, but I believe that President Li will be able to deal with those union members. Also, I personally think that in the future, the international market will
Chapter completed!