The Wenchuan Earthquake, which shocked China and the world, occurred as scheduled. This was a major natural disaster in human history, which brought endless pain to the ancient Chinese people and caused shocking losses of people and property.
Immediately after the earthquake, the Royal Family Foundation announced a donation of 1 billion yuan and donated a large amount of materials and emergency equipment for disaster relief.
Companies such as Carrefour Supermarket Group, Gli Group, Yangtze River Technology Group and Huanghe Technology Group, as well as Cathay Pacific Airways, acted quickly and joined the ranks of disaster relief.
Wang Yaocheng did not rush to the earthquake-stricken area as soon as possible. He did everything he should do. Going to the earthquake-stricken area at this time would not have any effect.
In the face of this rare natural disaster in human history, one person's power is insignificant. What is needed is the government's strong adaptability to bring hope and light to the earthquake-stricken areas.
June 17, 2008
American International Group suffered a huge loss of US$26 billion in the second fiscal quarter, which shocked Wall Street almost instantly. After the news came out, International Group's stock plummeted 17.2%, and US$70 billion in market value was wiped out in one day.
According to market speculation;
American International Group, which is deeply involved in the subprime mortgage crisis, is involved in junk bonds worth US$1.6 trillion. It is likely to write down US$40 to US$45 billion in the third fiscal quarter. It is very likely to be difficult to deal with amid the intensifying financial panic.
Escape to death.
Because what AIG needs most now is a large amount of cash flow to survive the crisis.
It's a pity that the entire Wall Street and even the world's top banks have tightened their purse strings. No one dares to get involved with the big fire pit of International Group because the trap it pokes is too big.
Banks will only add glory to outstanding enterprises, and it is really a big joke to expect banks to provide help in times of need.
Senior commentators on Wall Street and relevant financial newspapers have speculated that the loss will be as high as US$200 billion, US$300 billion or even US$600 billion. Public opinion circles have everything they say, and without exception they are unanimously bearish.
In the following days, International Group's stock plummeted, with its market value falling by 36% in just two weeks. Compared with the market value a year ago, it fell by 78%, and it was already less than US$80 billion.
During the subprime crisis, dark clouds were gathering on Wall Street. From time to time, there were news of corporate failures in the market, and there were rumors everywhere, which made every multinational financial company with a net worth of millions feel the same.
These include the famous Goldman Sachs, Lehman Brothers, Morgan Stanley, Citibank, JP Morgan, Bank of America, Deutsche Bank, UBS, Barclays and other world financial giants. Everyone is in danger.
This subprime financial crisis originating from the United States has not yet evolved into a global financial crisis, but every financial giant involved in it is nervously taking inventory and assessing the serious losses that may be suffered.
Everyone knows their own business, and now everyone envies HSBC. It strictly adheres to its lending policies, has almost no involvement in the bottomless abyss of subprime loans, and has a healthy financial situation.
What's particularly rare is that the Wang Group it is backed by holds a huge sum of US$500 billion and is the international group least worried about financial turmoil.
July 3, 2008
The Family Trust Fund under the Royal Family Fund reached an agreement with a US-funded consortium headed by Rockefeller to assume US$37.6 billion in debt and pay US$45.4 billion in cash, for a total of US$83 billion to take over 55% of the preferred shares of Samsung Group. This part of the preferred shares occupies
78% stake in Samsung Group.
Since then, Samsung Group has become one of the enterprise groups under the Royal Family Fund.
This blockbuster transaction instantly detonated the world's financial public opinion.
People were surprised to find out;
His family trust fund actually holds US$108 billion in cash flow, which is not included in the US$505 billion cash pool of the entire Wang consortium, and is only one of the assets of the family trust fund.
In other words, Samsung Group is an asset of the family trust fund and can operate independently of the consortium.
In this blockbuster transaction, Royal Fund got a big deal.
There are dozens of companies in the Samsung Group. Except for Samsung Heavy Industries and Samsung Microelectronics, which are sensitive companies involved in the military industry that must be eliminated, other companies under the Samsung Group have been completely inherited. They are widely involved in department stores, hotels, real estate, textiles, chemicals, shipbuilding, electronics, etc.
The fields of transportation, petroleum and coal chemical industry, insurance and securities, warehousing and aviation are almost a complete small society.
Based on the market value of Samsung Group before the subprime mortgage crisis, it was equivalent to spending less than half of the money to buy the controlling stake of Samsung Group and owning 78% of the dividend rights.
The Samsung Group itself did not participate in subprime loans. It used any money it had to develop secondary entrepreneurship in electronic semiconductors. However, affected by the general trend of the world economy, the stock price also continued to fall.
In this era of global village, no one wants to stay out of it.
Think back to the beginning
During the financial turmoil of 1997, American consortiums took the opportunity to invest in Samsung Group and spent US$55 billion while trying their best to lower the price.
After more than ten years, taking into account currency depreciation, the US$83 billion of Royal Fund is equivalent to wasting away.
This is why Citibank and the Boston Consortium are eager to withdraw large amounts of cash. Otherwise, they will not agree to this deal that has suffered heavy losses. For them, surviving this financial crisis is their top priority.
look around the world
Only a few people have the ability to swallow up Samsung Group and spend large sums of cash. The only one willing to take over is the Royal Family Fund. Now everyone is keeping their pockets tight and will not easily make large-scale mergers and acquisitions.
The Lee family's assets do not exceed US$4 billion. Through highly leveraged cross-shareholdings, they obtained 49.7% of the voting rights with 1.53% of their shares (including entrustment by US-funded consortium), controlling hundreds of billions of US dollars in assets of the huge Samsung Group.
The Royal Family Fund is different. It comes with the wind and thunder in a posture of overwhelming the mountain, and uses its absolute strength to tyrannically crush all opponents.
July 4, 2008
Just one day later, Samsung Group’s former president Lee Kun-hee and vice president Lee Jae-yong were kicked out.
The new president of Samsung Group is Lee Jae-hyun, the vice president is Lee Fuzhen, and the core president of Samsung Electronics is Yukio Sakamoto, who is also the CEO and CEO of Hynix Korea.
Who are Li Zaixian and Li Fuzhen?
To clarify the identities of these two people, we must talk about the grievances between the wealthy Samsung Group.
Samsung Group founder Lee Byung-cheol had three sons, the eldest son Lee Meng-hee, the second son Lee Chang-hee (who passed away), and the third son Lee Kun-hee. In order to compete for the inheritance rights of the Samsung Group, they fought with each other for decades, and there was a lot of grievances and resentments.
In the end, the third son Li Jianxi won and inherited the huge Samsung Group.
Taking into account Samsung Group's deep-rooted roots in the Korean Peninsula, Wang Yaocheng appointed Lee Meng-hee's eldest son Lee Jae-hyun as the president of Samsung Group, and Lee Kun-hee's eldest daughter Lee Fuzhen as the vice president, forming a good check and balance between them.
These two people are cousins, but they are not much different from each other's enemies.
Lee Jae-hyun has no foothold within the Samsung Group. Most of them are old people from the Lee Kun-hee era. If he wants to gain a foothold, he must rely closely on the Wang Family Group and suppress all opponents.
If he were not a fool, he would definitely wield a butcher knife to purge a group of people, win over a group of people, and isolate a group of people in order to establish his authority in the Samsung Group.
All of this requires the full support of the Wang Consortium.
Among Li Kunxi's three daughters and one son, the eldest princess Li Fuzhen has the best looks and the strongest ability. After graduating from Yonsei University, she has been working hard by her father's side. She is known as "Little Li Kunxi". She is not only the leader of Samsung Chemical and Samsung Love The person in charge of Baoyuan is also the first female president of a Samsung affiliated company and is very capable.
The two members of the Lee family were fighting overtly and covertly, which took up most of their energy, so they had no intention of paying attention to the integration of Samsung Electronics.
essentially
According to Wang Yaocheng's domineering character, he will never be allowed to interfere in the integration of Samsung Electronics.
Samsung Electronics' revenue accounts for 65% of the entire group. It is an out-and-out core pillar enterprise and the backbone of the entire consortium, with the strongest international market competitiveness.
Arrange according to plan;
Samsung Electronics was handed over to Yukio Sakamoto, who had always performed well, to undergo extensive integration and reorganization, and gradually integrated into the consortium.
Maybe others are helpless about the current business situation of Samsung Electronics, but for the Wang Consortium, it is a piece of cake.
Because the shackles around Samsung Electronics’ neck are controlled by the Wang Consortium.
As long as we relax the pursuit of home appliances and import electronic semiconductor technology, this multinational home appliance company with excellent quality will quickly recover and regain its vitality.
With the addition of Samsung brand mobile phones, Royal Fund has already deployed eight brands in the mobile phone field without realizing it, forming a healthy competition situation where eight immortals cross the sea and each shows his or her own special powers.
As long as other consortium companies do not deliberately target it, I believe it will only be a matter of time before Samsung brand mobile phones develop.
There is a saying; plans are not as fast as changes.
The targets that we originally wanted to acquire became more sustainable than the others, and they refused to let go. For the time being, we could not find an opportunity to add insult to injury.
over time
After entering June 2008, Wang Yaocheng gradually lost his patience, knowing that he would not have much time left for him.
At first, there was no plan to acquire Samsung Group, but the US-funded consortium was in a hurry to sell and withdraw funds. It stared at Vice Chairman Huo Jiaguang almost every day, lowering its target again and again, insisting on delivering this big bargain.
After much thought, Wang Yaocheng finally made up his mind to get what he could get first, and the rest would depend on the situation.
If you think more carefully, you will definitely get a better quote.
Wang Yaocheng knew that too much was too much, so he gave up when it was good. He personally called Senator Michael Bay and the Rockefeller family. The two parties reached an agreement on long-term cooperation and happily finalized the merger and acquisition of Samsung Group.
He made several phone calls and finalized this blockbuster merger in less than an hour.
However, in order to complete the merger, acquisition and integration of the entire Samsung Group, the people below need to do a lot of tedious and meticulous work, unify the pace of the consortium, restore the home appliance market to its original calm, adjust personnel and technology output, and there are countless related details.
The most intuitive example;
Hundreds of people from the Secretariat, including Director He Chen, have flown to the Korean Peninsula. The consortium has also gradually dispatched capable personnel from various companies to go there. The general manager, Zhao Feng, is personally in charge of coordinating the work on the Korean Peninsula. It is estimated that he will not be able to return for at least half a year.
Wang Yaocheng couldn't take care of so many things, so he left them all to his subordinates, and he actually felt free.
He picked up the kettle and began to carefully water the pine and green plants in the office, and even hummed a leisurely ditty, looking calm and calm.
Ten birds in the forest are worse than one bird in the hand.
Compared with those companies that are languishing in a frying pan, he is now very patient and waiting. Whether to choose bankruptcy liquidation or to be incorporated is the only way out for troubled companies.