"Samsung Group's journey to this day is the result of the hard work of several generations. It is a flag of Korea. I will never allow it to wither in my hands. I will do my best to keep it..."
"Samsung Electronics belongs to us and will always belong to Han Bangzi. No one will be allowed to tarnish it..."
"Han Bangzi is the strongest nation in the world, the greatest nation, the most thoughtful nation, the most thoughtful nation in the universe, because we can defeat our opponents and defeat the enemy with our thoughts..."
Chairman Li Jianxi’s vicissitudes of voice echoed in the conference room, encouraging and building confidence in the core leadership he had personally cultivated.
However
The motivational methods that have always been very useful have completely lost their effect. The subordinates who were usually incited to "ooh" seemed to have their spines broken and entered a state of having no desires or demands.
in conference room
Many presidents and CEOs have all entered the state of Buddha nature.
The eyes observe the nose, and the nose observes the heart.
A square inch below the nose is the void orifice point, which connects the innate Qi and transports the Dantian. It first circulates 34567 times...
"...Samsung Electronics is the foundation of our hard work, the foundation of our business, and the pride of Korea..."
Li Jianxi's voice became lower and lower, and muddy old tears filled his eyes.
However, sincere talk was of no use. The conference room was still silent, deathly silent.
Li Jianxi's strong heart fell into the invisible abyss of darkness, drowning him like a tide...
From mid-June 1998
Due to continuous heavy rains in Dongting Lake and Poyang Lake, the heavy rains rapidly increased the flow of the Yangtze River.
Affected by the combined influence of upstream water and tidal waves, the tidal levels along the river in Suzhou have exceeded warning levels since June 25. The high tide level at Jinling Station reached 9.90m on July 6, facing a once-in-a-century tidal wave.
The dams along the coast are undergoing the most severe test, and the Lixiahe area with the lowest terrain is already a vast expanse of ocean.
The Yangtze River Basin has experienced a catastrophic flood that is rare in history; the Nenjiang River and Songhua River in the northeast have experienced catastrophic floods that have not been seen in a century; floods have also occurred in the Xijiang River, Minjiang River and other rivers, causing serious losses to people's lives and property.
The rain kept falling, and the sky seemed to be leaking like a heavy rain.
Starting from late July, due to the superposition of seven consecutive flood peaks in the upper reaches of the Yangtze River and the confluence of tributaries in the middle reaches, the flow reached a maximum of 82,300 cubic meters per second on August 2, second only to the peak flow in 1954 and the second highest in history.
The highest high tide level of 10.14m occurred at Jinling Station on July 29, ranking second in history, and it lasted above 10.0m for 17 days. The highest high tide level of 8.37m occurred at Zhenzhou Station on August 24, which was only 1cm lower than that in 1954, ranking highest in history.
Third place in history.
Due to the large magnitude of floods, wide coverage and long duration, flood disasters are very serious.
A total of 29 provinces (autonomous regions and municipalities) across the country suffered from flood disasters of varying degrees, with a disaster area of 318 million acres, a disaster area of 193 million acres, a population of 223 million, 4.97 million collapsed houses, and direct economic losses of approximately 248 billion.
In the Yuan Dynasty, thanks to the heroic efforts of the masses, the people's army and armed police officers to provide disaster relief, a major victory was achieved in flood fighting and rescue operations.
June 21
We share adversity and our hearts are connected.
Carrefour supermarket chain announced;
Donate food, drinks and water worth 300 million yuan to support the soldiers and people on the front line of fighting floods, and work side by side with everyone to fight against this once-in-a-century flood.
June 24
Great love knows no bounds, and disaster has no mercy but no one has mercy.
Pacific Home Appliances Chain Mall, Pacific Supreme Plaza, Pacific Computer Company and other companies jointly announced that they would donate food, drinks, tents and emergency equipment worth 180 million yuan to be immediately sent to the front lines fighting the flood.
June 25
Stand side by side to fight against a once-in-a-century flood.
Yangtze River Technology Group and Yellow River Technology Group jointly donated 250 million yuan worth of emergency rescue equipment, tents and daily necessities to support the officers and soldiers and people on the front line of flood fighting, and to join the people across the country in fighting the historic flood.
August 16
At the flood relief fund-raising performance "We are United as One" held on CCTV, donations of more than 600 million yuan were received from all walks of life. At the end of the program, Ms. Chen Xiulian donated 600 million yuan in cash to the China Seedling Charity Foundation, pushing the fund-raising performance program to the forefront
Towards climax.
This move was highly praised by the leaders, and they were called "Chinese Conscience Entrepreneurs".
This puts a mark on the Wang Consortium, which is extremely valuable.
In order to support flood relief, the China Nursery Charity Foundation held a fundraising gala in Hong Kong and Taiwan and other places, promising that all donations raised would be doubled by the charity foundation.
A total of 172 million Hong Kong dollars in donations were raised, and the China Nursery Charity Fund made up the donation by 172 million Hong Kong dollars as promised, and transferred 344 million Hong Kong dollars in donations to relevant domestic parties, once again winning unanimous praise and overwhelming praise.
mid august
Cathay Pacific reached an agreement with relevant parties in Pakistan to sell 28 IL-62 transport aircraft in two batches. The contract amount is unknown. These transport aircraft appeared in the country the next year...
late august
Seoul
A US$87 billion cross-border merger and acquisition occurred, which shocked the world's financial community. The Mizutani consortium fully invested in the Samsung Group, especially the core Samsung Electronics company, achieving full control.
This is a complex cross-border merger and acquisition case involving dozens of companies in the Samsung Group, especially Samsung Electronics, which is at the core of the transaction and accounts for more than half of the total transaction amount.
Is Samsung Electronics really worth that much money?
Due to the financial crisis in 1997, the country's financial market has been in depression, the revenue of Samsung Group's companies has shrunk significantly, and even suffered huge losses that are rare in history, and stock prices have depreciated sharply.
The US-funded consortium entered the market at this time and undoubtedly got a big deal.
As the largest electronics industrial enterprise in the country, Samsung Electronics has a complete range of high-quality household electronic products that are sold all over the world, and its production scale is huge.
In terms of size alone, it is by no means inferior to Atlantic Business Machines, and even far exceeds it in terms of comprehensive electronic product lines. Its market value is only one-quarter of Atlantic Business Machines, which can be said to be a bargain.
For a simple comparison, Samsung Electronics is equivalent to;
2.3 Gli Group + 1.75 Changhong Electronics (color TV category) + 4.2 Midea washing machines + 0.37 Atlantic Business Machines Company (computers and copiers) + 1.25 Jinko Group (chip production) 10.66
LCD display project of Huanghe Technology Group.
Samsung Electronics cannot be said to be very strong in the world. It has not entered the ranks of the world's top companies, its profitability is not the best, and its technology is not the best, but its production scale is definitely the largest.
Home electronics, chips and LCD screens are the most complete product categories, covering almost all categories including refrigerators, color TVs, cassette recorders, walkmans, washing machines, computers, copiers, and small kitchen and bathroom appliances, and the production scale is quite large.
.
Losing control of such a global multinational home appliance company, how big of a psychological shadow will Han Bangzi have?
The equity ratio after the transaction is completed clearly shows who has the final say?
You can see the shareholding structure of Samsung Electronics:
Major shareholders and related stakeholders 15% (the Samsung family alone controls 5.7% of the shares and is the actual controller of the company)
Domestic institutions 14%, (including seven major banks and more than 100 small and medium-sized investment institutions)
Domestic Private 3%
Unnamed stocks 12% (that is, there are many twists and turns, and it is difficult to find out the fundamental investors, such as the private account Wang Yaocheng opened for himself.)
Foreign investment 55% (US-funded consortium accounts for 50.5%, Wang's consortium accounts for 4.5%, investing US$2.193 billion for this purpose)
It can be seen from the ratio of common shares and preferred shares that Samsung Electronics is firmly controlled by U.S. capital and has absolute control. Foreign capital controls 55% of Samsung Electronics' preferred shares, achieving maximum benefits at the minimum cost.
55% of the preferred shares entitled to profit distribution can enjoy 80% of the profits of Samsung Electronics. Most of the profits of Samsung Electronics are obtained by US capital.
Among all the data, except for the 4.5% interest of Wang's consortium, which is involved in all aspects, the other data are the same as in history and can withstand strict verification.
What is supposed to come will come, and your uncle is still your uncle.
This is not a good thing for the Wang Consortium, it will cause big trouble.
Thousands of kilometers away
Wang Yaocheng, who is far away in Hong Kong, did not attend the cross-border merger and acquisition ceremony, nor did he attend the celebration reception held by the American consortium in Hong Kong.
His heart was as heavy as a boulder;
From then on, the Wang Consortium faced powerful American capital.
It is still unclear who will win.
The reborn golden finger is not omnipotent and cannot control everything in the world. As expected, Samsung Group was controlled by US-funded consortium, just like what happened in history.
The wheel of history is rolling forward, and it is difficult to let it deviate from the old track.
Wang Yaocheng knew;
After Samsung Electronics' capital, technology and market were controlled by the US, especially the technology and market, the US provided Samsung with low-cost technology transfer and R&D cooperation that many countries could not enjoy, and spared no effort to support it.
The world market is dominated by the United States, and Samsung Electronics can enjoy the greatest convenience here. Backed by the powerful American consortium, its competitiveness is stronger than before.
Therefore, the Korean government’s protection of Samsung Electronics must be compromised.
From this perspective, Samsung Electronics is more appropriately said to be an American company disguised as a Korean-funded company than a Korean-funded company.
On the surface
Han Bangzi, who has a strong self-esteem, will never admit it. The American capital is also happy to see this and hide behind the scenes to enjoy huge profits.
How much benefit will Samsung Electronics receive after the U.S. consortium capital takes control of it?
Before 1998,
Samsung Electronics can be considered a good but not top-notch company. After American capital acquired Samsung Electronics, it gave Bangzi too many benefits in terms of technology and market, and spared no effort in all kinds of support.
Bangzi can obtain various technologies at low prices, which are difficult for most other countries to enjoy, including world market distribution.
In order to maximize its own interests, American financial capital will actively cooperate with Samsung Electronics in acquiring technology and treat him as a godson.
Many of Samsung Electronics' scientific research results are jointly developed with Silicon Valley or an American university laboratory. There is too much power of American capital behind this.
If history does not change;
By 2015, Samsung Electronics was ranked 13th among the Fortune 500 companies, with revenue of US$195.8 billion and profit of US$21.9 billion.
In 2017, the net profit of Samsung Electronics alone will reach 47 billion U.S. dollars. Given the size of South Korea, it would be impossible to support a company of the size of Samsung Electronics without the support of American capital.
Not just for Samsung Electronics, since South Korea is a direct citizen of the United States, many companies in South Korea can obtain technology at low prices, including low-price copycats.
In this regard, Royal Fund has absolutely no choice but to spend money on research and development or market acquisitions.
It’s entirely conceivable;
In the future, it will be increasingly difficult for its subsidiaries Cisco, Atlantic Business Machines, and Jinko Group to merge and develop, and they will encounter greater resistance.
The time window left for Greenland Group and other companies will not be long. After Governor Bush won the presidential election, it will probably be less than ten years.
In this short period of time, the companies under Wang's consortium must grow rapidly and become unshakable market leaders.
Otherwise, the future is bleak.
Unlike South Korea and Taiwan, which are strongly supported by the United States, the Hong Kong capital imprint of the Wang Consortium will be increasingly feared by Western forces as the domestic economy develops rapidly and grows stronger, and restrictions are understandable.
Think back;
In the 1950s and 1960s, the United States provided tens of billions of dollars in aid to South Korea. This allowed South Korea to overcome the bottleneck of primitive accumulation and realize the miracle of the Han River. Behind this was the strong support of the United States.
In the early Cold War era, the United States provided the most resources to its own country in East Asia because its industrial base was the best.
However, Japan accumulated strength and began to clamor in the 1980s, "Can a small book say no to the United States?"
This is not bad!
The United States transferred the resources given to the book to Taiwan and South Korea. The two decades that the book was lost was a process of ecstasy and death at the hands of the American father.
It is the result of the United States' redistribution of East Asian resources. This distribution is reflected in all aspects such as market distribution, technology distribution, talent training, and high-tech transfer.
With your pockets bulging and your wings stiffened, can’t you say no?
Okay, let's see how I treat you.
during the gulf war
The government of this small country has generously spent a total of 13 billion US dollars on military expenditures, which has attracted special attention from the international community.
After the war, Kuwait spent money to publish an article in the New York Times thanking other countries for their help.
but……
What Japan never expected was:
There is no book in Kuwait’s thank you list! No book! No book! Say important things three times.
Why?
Just because the father of the United States does not want his country to be in the limelight, he cannot pay the most money. This matter once caused Japan's right wing to hype it up and call it a "gross shame and humiliation."
It is a true reflection of the international status of this book.
13 billion US dollars cannot even be exchanged for a few English letters in the thank you list
Hoo ho ho…
"A small book can say no to the United States" makes people laugh out loud.
So
There is no psychological burden for American fathers to harvest the country of sticks, because they spent a lot of money to cultivate the country of sticks, whether it was before the Asian financial crisis or after the financial crisis.