Chapter 598 Fund No. 3
"Hello, Mr. Xu. You are the most talented financier and business tycoon I have ever seen."
Xu Liang smiled reservedly, "Thank you, Mr. Robertson."
Looking away, Browning did not introduce him.
“I guess this is the third minister of authority, right?”
Quan San quickly held his right hand with both hands, keeping his posture very low.
"Mr. Xu, you are the pride of our Asian business community!"
"Minister Quan is so polite."
After a brief greeting, the four parties sat down with each other. .
“Everyone, regarding Hongyan Fund’s acquisition of Hynix Semiconductor, we have been negotiating with the South Korean government and the Exchange Bank on behalf of Hongyan for 37 days.
and negotiated the following conditions.
First, Hynix’s US$20.6 billion debt will be deferred for one year. After one year, only the principal will be repaid and all interest will be waived.
Second, Hynix is allowed to reorganize its business and sell off its non-memory chip business to raise funds.
Third, as long as Hynix headquarters does not move out of South Korea, it will continue to enjoy South Korea's "Semiconductor Chip Protection Law", "Semiconductor Industry Promotion Plan", "South Korea Semiconductor Five-Year Development Plan" and other 17 laws Policies and regulations stipulate preferential policies for local semiconductor companies.
Fourth, after Hongyan Fund took over Hynix, all employees retained will not be dismissed unless they violate company rules and regulations, such as stealing company property, being late and leaving early for more than ten times, etc.
Fifth, after Hongyan acquired Hynix... "
After talking about thirteen things, Rasha Browning stopped.
His eyes swept over everyone, and finally settled on Xu Liang.
"Does Hongyan, the South Korean government and the Exchange Bank have any objections to the above terms? ”
Things that have been discussed long ago, the representatives of the three parties shook their heads at the same time.
Rasha Browning continued: "Next is the objection part, which mainly includes two points.
First, South Korea and the Exchange Bank hope that Hynix's registered address and headquarters will remain in South Korea and in Seoul in the future Listed on the stock exchange.
Hongyan hopes to provide a loan of US$1 billion with an interest rate of no more than 5.5% for a period of five years, guaranteed by the South Korean government.
Second, South Korea hopes to establish a seven-member board of directors within Hynix, and the number of South Korean directors should be no less than four.
Hongyan feels that the number of directors is too many, and can only agree to two at most. .”
There was a pause.
Rasha Browning looked at both sides.
"In terms of differences, do both parties have a more suitable solution?"
Quan San smiled and said: "If Mr. Xu is willing to become a South Korean citizen, then we will agree to all Hongyan's requests. ."
Browning shook his head inwardly.
This condition is too exaggerated.
South Korean nationality is of no use. If it is really to make the acquisition of Hynix smoother, wouldn’t it be better to directly become an American citizen? At that time, we can also share in the world’s largest market.
Noticing the way everyone looked at him, Xu Liang smiled and shook his head.
“I have a lot of business in China, so I’m afraid I can’t become a South Korean citizen.”
“That’s such a pity.”
Even though he said this, Quan San did not show any disappointed expression. He himself knew that this was unrealistic.
The three powers looked solemn.
"Mr. Xu, Hynix is the largest semiconductor company in South Korea and one of the largest semiconductor companies in the world. Its value is unparalleled.
During the growth of Hynix, the South Korean government It provides countless conveniences, including but not limited to land, funds and policies, so we must ensure that this company, which embodies the efforts of countless South Koreans, remains in South Korea.
As for loans, Hynix's debt is too high. If it’s too high, we can’t provide a loan unless we get Mr. Xu’s guarantee.”
Xu Liang smiled.
"I agree with what Minister Quan said, and I have no objection to Hynix staying in South Korea. But I have one thing to ask Minister Quan."
"Mr. Xu, please speak . ”
“If a South Korean company with a majority of shares owned by South Koreans acquires Hynix, will Minister Kwon agree to the transaction and loan disbursement of Hynix?”
“Me? Don’t quite understand what Mr. Xu means?”
Quan San couldn't guess what kind of medicine the man in front of him bought.
Xu Liang waved. Lu Hui beside him immediately handed over a document.
After Xu Liang took it and looked at it twice, Lu Hui took it and handed it to Quan San.
The latter took a curious look.
This is a company registration document.
The company’s name is ‘Fund No. 3’.
The equity of Fund No. 3 is divided into two parts, with Sun Mingzhen holding 94% and Xu Liang holding 6%.
The company implements AB shares, and the execution rights of one B share are equivalent to 10 A shares.
Xu Liang holds 60% of the voting rights of Fund 3 through 6% of B shares, and actually controls the entire company.
There is also a copy of Sun Mingzhen's identity information in the information. She is indeed an authentic South Korean native.
"Mr. Xu, is Miss Sun Mingzhen the president of Hongmeng's South Korean subsidiary?"
"Mr. Robertson knows her?"
"I met her at a business reception. , I was deeply impressed by Miss Sun’s resolute work style and superb communication skills.
I wonder what the relationship between Miss Sun and Mr. Xu is..."
Xu Liang smiled and said: "She is my fiancée."
As soon as these words came out, everyone in the audience was shocked.
As the world's most famous financial and business tycoon in 2003, and of course the world's youngest and wealthiest diamond king, Xu Liang has been reported by many tabloids and even some global newspapers. Personal marital situation.
There are different opinions, but there is no real result.
As a result, many people did not expect it when I heard him admit that he had a fiancée, and she was from South Korea.
According to normal thinking, the wife Xu Liang marries should be a well-matched and top-notch rich man. Only in this way will it be helpful to his career.
Quan San felt his mouth was dry, and asked quickly after calming down a little.
"Mr. Xu, are you serious?"
"Of course. Minister Quan can check the authenticity of this material. And with my position, there is no need to "Mr. Xu misunderstood. We believe in your character. It's just that the incident was too sudden and we had some doubts."
Xu Liang waved his hand, "Forget it. If the 'No. 3 Fund' is allowed to acquire Hynix, it will satisfy what Minister Quan said, allowing South Koreans to control South Korean enterprises. And I can also assure Minister Quan that Hynix will be controlled by Minister Quan in the future." My sons with South Korean nationality will inherit it and continue to let it stay in South Korea."
After a pause, Xu Liang looked directly at Authority Three and continued in a deep voice.
“Minister Quan, I have made the greatest concession, and I hope you can accept our two conditions in the disagreement.
First, a US$1 billion loan; second, At most two people can enter the board of directors."
Quan Quan San pondered for a moment, "Mr. Xu, it happened so suddenly that I can't give you an answer now, so I hope we can discuss it first."
"Yes, no problem. But this acquisition has been delayed for too long. I don't want to delay it any longer, so I will only give you three days. If there is no news after three days, we will abandon the acquisition."
"Okay. Just three days." Quan Dang San agreed.
"Mr. Xu, Hynix's debt is very high. I would like to ask, if you acquire it, how do you plan to get it out of the quagmire?" Behenan Robertson of the Exchange Bank took over the topic.
As a foreigner and Hynix's largest creditor, he is more concerned about how Xu Liang can get Hynix out of the quagmire, which is related to whether tens of billions of dollars in loans can be recovered.
"I'm sorry, Mr. Robertson. This involves our commercial secrets, and we cannot disclose them to the outside world without successfully acquiring Hynix."
Xu Liang refused directly.
In fact, his method is very simple, which is to invest in the Chinese market, which is the largest and fastest growing chip market in the world. Rather than leaving it to Samsung, Micron, and Elpida, it is better for Hynix to enter early and seize the share. .
However, this general trend of business operations is not a great secret.
It is very difficult to convince Robertson with this.
Although the research department of Hongyan Fund has provided more detailed IT industry R&D and cycles, as well as detailed strategies, most of them are superficial and cannot convince Robertson at all, and may even arouse the other party's contempt.
In this case, I simply won’t say it anymore.
Behenan Robertson frowned, but didn’t ask any more questions.
As Xu Liang, who is interested in Hynix and is willing to pay, he must not force the other party to leave.
At this point, after communicating the main issues, it was time to end the meeting.
Quan Quan San, who originally planned to make acquaintance, ran into the big accident of Fund No. 3. He really had no intention of staying, so he left in a hurry after saying a few polite words.
(End of this chapter)