The penniless son of the penniless ...

Chapter 108 Negotiations Failed, Another Approach

After returning home, Zhang Junfeng suddenly thought of the Amorepacific Group and mentioned it to Li Fuzhen, "Dear, the acquisition of the cosmetics company under the Amorepacific Group that I mentioned to you before is a bit tricky and may take some time to complete. Now you are still a little bit away from realizing your dream of cosmetics freedom..."

"...Are you serious?! Are you really going to acquire the cosmetics company under the Emily Group?" Li Fuzhen was shocked. He originally thought that Zhang Junfeng was just talking. After all, although the Emily Group was far behind the LG Group in size and market value, it was still a large company with a market value of more than 1 billion US dollars.

Considering that Zhang Junfeng had previously spent more than 20 billion US dollars to acquire KB Bank, Xingluo Hotel, Five Star Department Store, Hanjin Shipping and other smaller companies, even if he was so rich, he probably wouldn't be able to come up with that much money to acquire a cosmetics company under the Emily Group, right?
……

Zhang Junfeng nodded seriously. "Next week, Mingren Law Firm will negotiate with the Emily Group. If the other party is willing to cooperate and agree to Comet Capital's investment, then it would be great. However, the cosmetics company is the core of the Emily Group. The Xu family will not easily transfer the management rights of the cosmetics company. I guess a battle for the company's management rights is inevitable, right?"

Seeing Zhang Junfeng's determination to acquire the cosmetics company, Li Fuzhen smiled and nodded, encouraging him. It was really attractive that her man could keep working hard for the bold words he had promised before!
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In the following days, Comet Capital's representative Wu Xiuying and Amorepacific Group started preliminary investment negotiations. However, Amorepacific Group's new chairman Xu Qingpei was very wary of Comet Capital and was very resistant to Comet Capital's investment in their group's cosmetics company.

In his opinion, Comet Capital was able to take over KB Bank in a very short period of time, and then successfully took over the operating rights of Hanjin Shipping by using KB Bank as a shell company. It was clearly an ambitious person. Now they were targeting their Amore Group, which clearly had no good intentions!

If I agree to the other party, although I can obtain a large amount of funds for the company's turnover in a short period of time, there is no guarantee that Comet Capital will repeat the previous series of sweeping operations, from the initial investment to taking over Emily Cosmetics Company. What is the difference between this and inviting a wolf into the house?
However, the current situation of the Amore Group is also quite tragic. In recent years, the Xu family has relied on the huge profits brought by the Amore Cosmetics Company to blindly invest in a few years, opening new companies in order to continuously expand the company's business territory and trying to enter new fields.

However, before the new industry market had gained a firm foothold, the financial crisis came first. At present, except for the cosmetics company, which is still profitable, the other subsidiaries of the group have become lagging behind, with losses and debts everywhere.

Domestic financial institutions were also shaky, and it was hopeless to get a large loan from them to revitalize the company. As for overseas financial institutions, they seemed to have been colluded in advance. When they heard that they were companies in Korea applying for loans, they could not borrow a single cent. It was simply outrageous!

The cosmetics of the Amorepacific Group are obviously popular overseas and can be compared with the top international brands. How can they be "discriminated" by them? !

In this dilemma, Chairman Xu Qingpei was also tormented. Although he wanted to reject and resist Comet Capital's investment, he could not stand the heavy debt within the group, and he had to worry about the ultimate goal of Comet Capital.

Finally, after intense negotiations, Xu Qingpei and his retired father finalized the final solution, which was to sell off the group's subsidiaries at a low price or directly mortgage them to financial institutions in an attempt to obtain loans from them for the company's turnover. ...

After Wu Xiuying conveyed the intention of the Emily Group to Zhang Junfeng, Zhang Junfeng did not let Wu Xiuying continue to contact and argue with the other party, but directly asked her and Wu Mingxi to visit several major shareholders who held shares in Emily Cosmetics Company.

He planned to take the company's shares from them, and once the cumulative share reached more than 50%, he would directly bypass the Xu family to complete the controlling stake in the cosmetics company.

When Wu Xiuying heard Zhang Junfeng's plan, she was secretly shocked. She didn't expect that her boss would use such an acquisition method to take over Emily Cosmetics Company.

Although there are many ways to acquire a company and take over the management rights, it is undoubtedly the most expensive to take the shares from the original shareholders. Especially after those guys know the purpose of the acquirer, they will wait for the price to rise and raise the price, raising the original price of 50 yuan per share to 60, 70 or even 80 yuan per share!
However, Zhang Junfeng did not reveal his specific operation plan to Wu Xiuying. He just asked her to leave the list of shareholders of the cosmetics company and sent her back to rest.

Looking at the list of more than a dozen institutions and individuals as shareholders, Zhang Junfeng made a direct call to Jin Youdao without any hesitation.

Upon hearing that Zhang Junfeng had entrusted himself and Black Panther Security Company with the task of contacting the individual shareholders of Emily Cosmetics Company and repurchasing shares from them, Jin Youdao agreed without hesitation.

Buying shares from those individual shareholders is essentially the same as helping the lending company collect loans. If it cannot be done in a peaceful way, then he will inevitably need to resort to some violent means to accomplish the task.

This is also the reason why Zhang Junfeng handed this matter over to Jin Youdao. After all, the security company’s staff have been carrying out a number of special trainings in recent times, and it is time to test the actual effectiveness.

As for the institutions at the top of the list, Zhang Junfeng plans to visit them one by one this week with senior officials from KB Bank and Wu Mingxi and Wu Xiuying from the law firm. As long as the other party is willing to sell, everything will be fine. He doesn't believe that these guys can resist the dual temptation of cash and low-interest loans at this time when they are so short of money!

To be honest, we have to thank the International Monetary Fund (IMF) for this! If they had not raised funds very slowly after signing the aid agreement with the Blue House, he would not have been able to take advantage of this gap to initiate debt-to-equity swaps for these high-quality companies that lack funds or even take over their operating rights.

(End of this chapter)