483, The collapse of Hyundai Group(1/2)
‘A car brand with a history of nearly a century was defeated by a mysterious oriental rich man!’--"The New York Times"
“Just yesterday, Ford, the second largest automobile brand in the United States with a history of 73 years in North America, officially accepted Chu Huan, a wealthy man from Hong Kong, as a director of the company.
Everyone who knows the whole thing understands that this is not just a simple increase in board members.
Chu Huan, a mysterious rich man from Xiangjiang, used his astonishing wealth and miraculous financial skills to defeat the Ford family, a traditional wealthy family in North America, and became Ford Motor's second largest shareholder and director of the company in a way that was almost robbery.
But it is undeniable that after Chu Huan destroyed the stock price of Ford Motor, he also saved the stock price of Ford Motor which was on the verge of collapse!
Yesterday, the North American stock market opened. Affected by Continental's losses, Ford Motor's stock price dropped directly from last Friday's closing price of US$18 per share to US$089 per share, a drop of more than half.
However, as the Asian project of cooperation between Ford Motor and Jiaku Group was launched, Ford Motor's stock price closed at US$143 per share yesterday. Although it was not as good as the previous average, the loss was not serious, which shows that Wall Street attaches great importance to the Asian market."
‘This was an acquisition full of deception from beginning to end, and Chu Huan deceived everyone!’--"Wall Street Journal"
"Yesterday, the Ford Motor stock acquisition that caused a sensation in North America finally came to an end. Chu Huan used the most despicable means to achieve his goal and became a director of Ford Motor.
Ford, which has a history of 73 years, will fall into the trap of the Orientals from now on.
Chu Huan, a wealthy man from Xiangjiang, has four major industries: imitation clothing, real estate, media, and games.
Before acquiring Ford Motor shares, Chu Huan announced that he would acquire Ford Motor Company completely. At this time, it seems that this is the first lie Chu Huan has told everyone. His purpose from the beginning to the end is actually to
Borrowing the power of capital to retaliate against Hyundai Motor, an emerging car company from South Korea.
In fact, judging from the results, Chu Huan is very likely to succeed.
When acquiring Ford Motor shares, Chu Huan joined forces with shareholders who were dissatisfied with the Ford family's control of Ford Motor and gained their support on the grounds of overthrowing the Ford family's control of Ford Motor.
But this Chu Huan was obviously a capricious villain. After gaining the support of these shareholders, he turned around and contacted the Ford family, and used those shareholders as bargaining chips to rob the Ford family of Ford Motor shares.
Ford II, who was once such a proud man, seemed a little overwhelmed when faced with Chu Huan's erratic behavior. In the end, he had no choice but to accept Chu Huan as a director of Ford Motor Company.
Through the fact that Chu Huan became a shareholder of Ford Motor Company, we have reason to suspect that what Chu Huan mentioned about jointly establishing the Asian Business Unit with Ford Motor Company is probably just a plan."
‘An acquisition unprecedented in North American history!’--The Washington Post
‘At this moment, we are witnessing history!’--"Los Angeles Times"
On Tuesday, the four major newspapers in North America all published news about Chu Huan acquiring Ford Motor shares and becoming a director.
However, the focus of each newspaper is different, but one thing is certain, that is, the Wall Street Journal is still blackmailing Chu Huan.
Chu Huan, who has returned to New York, is currently in the villa, reading today's major newspapers in North America with Cao Yunshang.
In fact, not only Chu Huan, Cao Yunshang, Guo Bingxiang and others also came to Chu Huan's villa early this morning.
"Ah Huan, you must have dug up Warren Philip's ancestral grave, right? Why is the Wall Street Journal trying so hard to smear you?"
Guo Bingxiang shook the "Wall Street Journal" in his hand and preached angrily.
Chu Huan smiled nonchalantly and said, "Have you ever seen how those gangsters in Xiangjiang behave after being beaten?"
Guo Bingxiang and others looked at each other and shook their heads. How could they have time to go back and pay attention to these things?
Chu Huan said with a smile, "After those little gangsters were beaten, they didn't dare to say anything in front of the other person, but after those people left the scene, those little gangsters would spit on the ground and say angrily
The previous sentence, wait until I get up later!
This is what the Wall Street Journal is like now. It's just like the gangsters on the streets of Xiangjiang. When they are beaten, they always use their own platform to bark. If you take them seriously, you will give them face.
!”
Zheng Jiachun gave a thumbs up to Chu Huan and said, "Warren Philip should really listen to this!"
Chu Huan laughed and said, "How about one of you find an opportunity to tell them my evaluation of them?"
After everyone laughed, Guo Bingxiang asked Chu Huan again, "Ah Huan, this acquisition of Ford Motor Company cost you a full US$1.3 billion. Although you also became a director of Ford Motor Company, this money was stuck in this way."
Isn’t there something about Ford that outweighs the gains and losses?”
Is it really worth the loss?
On the surface, Chu Huan exchanged US$1.3 billion in cash for Ford Motor stock, which is only US$1.1 billion based on the current valuation of Ford Motor. From a book perspective, Chu Huan lost US$200 million.
Moreover, it will also destroy your own cash flow. This transaction is not worth it.
But actually!
"You also think that Xiangjiang is not suitable for being a car brand, right?"
Chu Huan did not directly answer Guo Bingxiang's question, but asked them another question.
When Chu Huan was negotiating with Ford II, Ford II once told William Ford that Xiangjiang was not a suitable place to set up his own car brand.
Now that Chu Huan was asking these people about old things again, everyone immediately fell silent.
Finally, Michael Kadoorie was the first to say, "It's not suitable. Xiangjiang is too small to support a car brand, and it's not suitable in terms of labor. I don't know if you have noticed that since 1976, the labor force in Xiangjiang has changed."
It started to double and increase. I think this is why Ah Huan you started to move your factories to Southeast Asia and other countries, right?"
In Chu Huan's view, the growth of a car brand is actually inseparable from the local environment.
According to statistics, the current population of Xiangjiang is 44.78 million, which means there are about 1 million families, but among them, only half of the families can afford a car. This also excludes those of Chu Huan's level and level.
The following wealthy families, because these wealthy families only have the world's top luxury cars in their eyes, and they are definitely not a new car brand.
In addition, Chu Huan also has the same idea as Ford II and others. Nowadays, the entire Asian car market is actually divided into two parts. Southeast Asia, Japan, South Korea and other places are mostly based on Japanese cars.
And the emerging South Korean cars are mainly used, while in other places, European and American cars and their local cars are mainly used.
No matter how you look at it, if Chu Huan wants to establish a car brand in Xiangjiang, he is seeking death.
If a car brand cannot gain access to its own local market, its chances of survival will be really low.
Chu Huan nodded and said, "Xiangjiang is really not a suitable place to set up our own car brand, but maybe in a few years there will be a place suitable for us to set up our own car brand. Now I will arrange my own people there first."
Ford Motor, learn their management techniques and production techniques. When this place appears in the future, I only need to arrange funds and equipment, and I can get started directly.
And at that time, because of my cooperation with Ford Motor Company, I already had my own sales channels, which would save me a lot of trouble.
The most important thing is that this is a long-term project, and during this period, I believe that Ford's stock price will continue to grow, even exceeding the growth of bank interest and some ordinary investment benefits, and what I need
In fact, the only thing you have to pay is that your financial situation is tight during this period. No matter how you look at it, it is a good deal.
Everyone, please don’t forget that the reason why Ford is able to suppress Hyundai Motor in all aspects is not only because Ford Motor is Hyundai Motor’s major shareholder, but also because Ford Motor has mastered production technology and technology that Hyundai Motor does not have.
Management technology.
As long as we establish our own car brand, these problems will no longer exist."
After hearing Chu Huan's explanation, everyone understood that Chu Huan had already set his sights on 5 or even 10 years from now.
Zheng Jiachun said, "Your idea is good, but one thing is very important, and that is the place you said is suitable for establishing a car brand. If there is no such place, then everything you are doing now will be meaningless."
Got it!"
The rest of the people nodded and agreed with Zheng Jiachun's opinion.
"Yes, but if it doesn't work out, then I will honestly be the second shareholder of Ford Motor Company. If the Ford family is really unable to support it in the future, then I can replace it!"
Chu Huan did not tell them about going to his hometown to make cars at this time. It was not that Chu Huan was on guard against everyone, but Chu Huan's idea was really a shocking thing for them at this time.
In fact, the automobile industry in my hometown is not that easy to enter. Although it has only been a few years since the reform and opening up in my hometown, it has experienced repetitions and development.
Let’s take the automobile industry in my hometown as an example. Currently, it is still dominated by self-produced brands. As for foreign brands, they will not be introduced until the mid-1980s. At that time, what the country needs is capital and technology.
What Chu Huan is preparing for now is actually these two things. Chu Huan is not short of funds. What Chu Huan is short of now is technology and brand influence, which Chu Huan will definitely not be able to do.
Therefore, in the early stages of the domestic automobile industry, Chu Huan needs to invest more energy. In addition, he also needs to cooperate with his hometown.
This matter is too far away. Chu Huan still needs to move forward a little bit, so there is no rush.
As for the investment of 1.3 billion US dollars due to this unexpected incident, Chu Huan really doesn't care. In more than ten days, various companies under Chu Huan's name will once again provide Chu Huan with nearly 500 million US dollars in liquidity, plus
The remaining US$100 million from the previous acquisition is enough for Chu Huan's next trip to Europe.
You must know that Chu Huan's acquisition of Ford Motor's shares this time did not use the development funds of these companies in North America, such as the acquisition of banks by North American Jiaku.
This matter is still being carried out in an orderly manner, and it is expected to be completed in another two to three months.
"The automobile industry is still too far away, but what I really want to know now is" Zhao Shizeng looked at Chu Huan curiously and asked, "Has Zheng Zhouyong from Hyundai Group called you?"
When Zhao Shizeng asked this question, the other people also showed gossipy looks, wanting to know the outcome of this matter.
Chu Huan smiled easily and said, "Why don't we all discuss when to return to Xiangjiang?"
‘Never admit defeat, South Korean companies do not need to apologize to Chu Huan in Hong Kong!’--"North Korea Daily"
Last night, the main staff of the "North Korea Ilbo" headquarters stayed up all night. When it was about 10 o'clock in the evening, they received a call from Kim Se-cho in North America. Without any nonsense, Kim Se-cho told the shareholders of Ford Motor Co., which had just ended
The conference told the remaining staff at the North Korea Ilbo headquarters exactly as it was, and at the same time, the manuscript I had written was sent back to the company by fax at around 1:00 in the morning.
This is the headline on the front page of the North Korea Ilbo this morning.
"The Republic of South Korea is an invincible nation, and the companies of the Republic of Korea are invincible companies. Even if Chu Huan became a shareholder of Ford Motor through despicable means, our Hyundai Group of the Republic of Korea should not surrender to Chu Huan.
Because the Republic of Korea is invincible, Hyundai Motor is also invincible. The reason why Hyundai Motor chose Ford's technology was because Hyundai valued Ford's technology. But if Ford chooses to surrender to Chu Huan, then Hyundai will
Cars should give up Ford cars.
Let Ford understand how serious the consequences of losing Hyundai will be for them."
This report by "North Korea Ilbo" does not look like a normal business report, but more like a war statement issued by "North Korea Ilbo".
Zheng Zhouyong, who had not slept all night, looked at the "Bukhan Ilbo" in his hand, his hand muscles exploded, and he threw it to the ground.
Standing next to him is Zheng Mengjiu.
Zheng Mengjiu understood why his father was angry. At 3 o'clock in the morning South Korea time, Zheng Zhouyong chose to bow to Chu Huan under the pressure of the Ford family.
We have to bow our heads. Without the support of Ford Motor, Hyundai Motor will lose technology and funds. These are not acceptable to Zheng Zhouyong.
Therefore, after weighing the pros and cons, Zheng Zhouyong picked up the phone in humiliation and wanted to apologize to Chu Huan.
I can't do it without apologizing!
To be continued...