The penniless son of the penniless ...

Chapter 150: Raising the price from the ground up
Since Apple's founder Steve Jobs was fired by the board of directors and forced to resign, the Internet company that once competed with IBM and Microsoft has been on a long road of decline for nearly 10 years. The many new products developed by Apple did not reverse the decline, but instead caused Apple's stock price and market share to continue to decline. Until 1997, Apple spent $4.29 million to acquire NeXT, and Steve Jobs rejoined Apple as a special consultant.

However, even though Jobs drove away his competitors last year and became Apple's interim CEO with an annual salary of $1, the problems that Apple has accumulated over the years cannot be easily solved overnight, especially because the stock price has fallen to the bottom and many products developed by the company are unsold, resulting in the company's funds being exhausted.

If you want to save the company, the first thing is to obtain a large amount of funds from other places. Only in this way can you revitalize the company in a short period of time and subsequently promote the company's reform and research and development of new products.

In addition to Apple, Larry Page and Sergey Brin, the two founders of Google, which will become one of the Internet giants in the future, are currently studying at Stanford University in the United States. Even in August this year, the two founded Google.

However, the subsequent fine of $2250 million issued by the San Francisco District Court to Google for secretly tracking users' Internet habits was enough to make the two young founders suffer.

Amazon's performance did not improve much for a long time after it was successfully listed on NASDAQ on May 1997, 5. At Denzel's suggestion, founder Bezos decided to change the future development direction of Amazon and began to build his own core business. The first business he built was the marketplace business, which was similar to the current business form of Jingdong in China.

However, the shopping platform established by Amazon was not initially open to third-party sellers. The products provided on it were all Amazon’s own products. After operating for a period of time, they found that the effect was not good. It was not until the end of 1998 that they tried to open it to third-party sellers.

It was precisely this change that allowed these third-party merchants to come in and compete with Amazon, thereby attracting a large number of consumers to their platforms to obtain a large selection of goods and a higher cost-effectiveness, which started Amazon's flywheel turning.

……

Thinking of the current situation of these three companies and their leaders, Zhang Junfeng couldn't help but sigh. There will be many places where he will need to spend a lot of money in the future. He can only hope that the profits from shorting gold and shorting/longing the Hong Kong Hang Seng Index will bring him surprises!

------Dividing line------

Korea Hanjin Group, inside the chairman's meeting room.

The Zhao family father and son were sitting together, happily discussing the current situation. "Father, I have successfully contacted a shareholder of Hanjin Shipping, and he is willing to transfer the 7.9% of his shares to us! However, he is willing to sell at a 20% premium! What do you think, father?"

The person who spoke was the boss Zhao Liangzuo. Because the other party's offer was too high, he did not finalize the deal with the other party on the spot and planned to ask Zhao Chongxun for instructions.

Hearing his eldest son's words, Zhao Chongxun looked thoughtful. Although the most urgent task was to seize the operating rights of Hanjin Shipping and give Comet Capital and Galaxy Group a slap in the face, it would be a bit too much for the other party to take the opportunity to ask for a huge amount. If he really acquired it at a 20% premium, the subsequent shareholders would definitely follow suit and take the opportunity to raise the acquisition price.

You have to know that the acquisition funds they are using now are aid funds lent to them by the IMF. Once any mistakes occur, extremely serious consequences will be waiting for them!
But if they fail to successfully regain the management rights of Hanjin Shipping, then their Hanjin Zhao family will inevitably become the laughing stock of the entire Goryeo! The chairman of such a large enterprise and the head of a top chaebol was actually frightened by a young man in his 20s taking away his core subsidiary, and he didn't even have the courage to retaliate or fight back!
Zhao Zhongxun had been a famous figure for decades and had seen all kinds of storms. How could he be schemed against by a young boy like that? And could he still pretend that nothing had happened? Not to mention that he was the son-in-law of Li Jianxi of the Five Star Group, even if he was the illegitimate son of the President, that wouldn't work!
……

"...at most a 10% premium. If they are willing to transfer their shares, then sign the contract as soon as possible! If not, then change another shareholder to continue the negotiation. I don't believe that these guys dare to take advantage of the situation. Do they really think that our Hanjin Group can be bargained and manipulated by others?!" Zhao Chongxun still gave his opinion. In his opinion, he not only wants to get the company's shares, but also firmly maintain his dignity and never allow others to trample on it!

Hearing his father say this, the eldest brother Zhao Liangzi's face flashed with embarrassment. It's not painful to sit and talk like this! How can those greedy guys be persuaded so easily? He negotiated with them for several days and only managed to reduce the other party's offer to a 20% premium. It's hard to imagine how difficult it would be to persuade them to reduce the premium by 10%!

Seeing that the boss's progress was much faster than his, the second-in-command Zhao Xiuhao was unwilling to be outdone. He said, "At present, our Hanjin Group already holds 36.4% of the shares. We only need to take more than 14.6% of the shares from the other shareholders to reach 51% of the shares in one fell swoop. Then we can smoothly re-elect the president of Hanjin Shipping and take back the management rights!"

"It doesn't matter if it's difficult for you, big brother. I have contacted Woori Bank, which holds more than 12% of Hanjin Shipping's shares. As long as we convince them and successfully take over their shares, it will only be a matter of time before we get back the management rights..."

Hearing the second brother's statement, Zhao Zhongxun's old face bloomed with a satisfied smile. He smiled and said, "Xiuhao did a good job! We must persuade the other party to transfer the shares as soon as possible. Only in this way can we take over the management rights of Hanjin Shipping as soon as possible..."

"At the previous meeting, I used the authority of the chairman to forcibly suppress the objections of others, using the excuse that Hanjin Shipping plays an irreplaceable and important role in the group. If the operating rights of Hanjin Shipping cannot be successfully taken back, I am afraid that the shareholders of the group, including the representatives of the IMF, will impeach me..."

(End of this chapter)