Upon hearing this, Miracle President Farshad calmly addressed Lee Dong-ki of Samsung Financial.
"You go out."
After hearing what his assistant and the president of Farshad said, Lee Dong-ki of Samsung Financial Group said helplessly to his assistant.
After his assistant left, Lee Dong-ki turned to President Farshad and said:
"President Farshad, could you possibly make an exception?"
"Or is there any way to get around it?"
"How about this."
"Miracle Company still has 500 billion, and you've already paid for it all."
"That way, once the board of directors sees that the money has been borrowed, they won't make a fuss about taking back the funds to invest."
When Miracle President Farshad heard Lee Dong-ki's plea, he thought for a moment and said to Lee Dong-ki.
"Another 500 billion?"
"Then what can I use as collateral?"
Upon hearing this, Lee Dong-ki of Samsung Financial inquired about it with curiosity.
"You pledge your Samsung Securities shares as collateral."
"The repayment period is one month. If you don't repay by the due date, the property will be automatically converted into a sale."
Miracle CEO Farshad explained to Lee Dong-ki.
"Row."
"But both payment contracts need to have Article 60 amended, increasing the penalty for breach of contract to 30%."
Upon hearing this, Lee Dong-ki of Samsung Financial gritted his teeth and spoke to the president of Farshad.
Now he knows that Miracle Corporation's goal is to force him to continue mortgaging his shares and to bet that he won't be able to repay the money within a month.
If the money cannot be repaid, then Miracle Company will acquire shares in Samsung Financial and Samsung Securities.
Hmph, Ni Yongjun's wishful thinking is too good to be true.
Little did they know that he had earned another 100 billion today, bringing his total profit to 200 billion.
Even if he previously lost 300 billion, after deducting the 200 billion profit, he only lost 100 billion.
Couldn't he borrow 100 billion yuan by going back to the Li family villa and kneeling down to his father?
Therefore, the betting agreement was completely ineffective for him because he had the Li family (acfe) behind him.
"OK, no problem."
“Let’s sign the contract now, and I’ll give you 500 billion worth of goods right after we sign it.”
After hearing Lee Dong-ki's agreement, Miracle President Farshad said to Lee Dong-ki.
The two then began preparing to sign the contract.
...
Samsung Vice Chairman Lee Young-ki visited several Samsung branches and gathered all the funds together, only to find that it amounted to less than 200 billion won.
So Li Yongji returned to his office dejectedly, and he said listlessly to the trader:
"After running around, we only raised 200 billion."
"Take out your money and buy it."
"Young Master, I've heard the news."
"This afternoon, Dong Shao pledged Samsung Securities shares to Miracle Company again, and then sold them for 500 billion."
Upon hearing Samsung Vice Chairman Lee Young-ki say this, the trader reported it directly to Lee Young-ki.
"Doesn't that mean Lee Dong-ki now owns 2000 billion?"
"So he's definitely going to win this match?"
Upon hearing this, Samsung Vice Chairman Lee Young-ki asked the trader in surprise.
"Young Master, why don't we follow Young Master Dong's example and pledge our shares to Miracle Company?"
Upon hearing this, the trader cautiously spoke to Samsung Vice Chairman Lee Young-ki.
Upon hearing this, Samsung Vice Chairman Lee Young-ki remained silent and fell into deep thought.
Normally, if an employee on the other end dared to make such a suggestion, he would definitely give them a good scolding.
Because his style is conservative, he will definitely not make any risky moves.
But he didn't do that today because he remembered what his third brother, Li Dongji, had said yesterday.
"Second brother, think about this carefully. Why did Father want to abandon the primogeniture system?"
"It's because you're too conservative, because you're not profit-driven enough."
Yes, he has always been so conservative, never pursuing profits, but always wanting to maintain the status quo.
But this time, simply maintaining the status quo is definitely not an option, because this is a competition, and if he loses, he can't maintain the status quo.
"If Li Yongji can use it as collateral, so can I."
"I've asked my assistant to contact Miracle Company and try to get the funding by tomorrow."
"If you manage the trades well, you'll get a share of the profits."
After figuring things out, Samsung Vice Chairman Lee Young-ki spoke confidently to the trader.
Chapter 200: Did they think they could trap the Li family with a simple snare?
Lee Young-ki's assistant contacted Miracle President Farshad, and after arranging a time, Samsung Vice Chairman Lee Young-ki personally visited President Farshad.
"Vice President, what brings you here today?"
While pouring tea, Miracle President Farshad asked, glancing at the hesitant Li Yongji.
"I came here to confirm something."
"Did my third brother mortgage his Samsung Financial shares and Sunde Securities shares to you?"
Samsung Vice Chairman Lee Young-ki did not directly state his purpose, but confirmed it again.
Otherwise, if the third brother, Lee Dong-ki, hadn't pledged his shares to Miracle Company, wouldn't it have been a joke if he had?
"Yes."
"The vice president is really well-informed."
Upon hearing this, Miracle President Farshad replied while sipping his tea.
"Does Miracle still have the funds to accept mortgage loans?"
After Samsung Vice Chairman Lee Young-ki confirmed it, he thought for a moment, then looked up again and asked Farshad President, "?"
"Have."
"You should know that we are an investment bank from the United States."
"Not much else, but lots of US dollars."
When Miracle President Farshad heard Li Yongji's uncertain question, he laughed and replied.
We are now in the late stages of the financial crisis, although South Korea has guaranteed its creditworthiness after borrowing from the IMF.
However, they were in dire need of US dollars, so when the owner, Ni Yongjun, took out US dollars to exchange for Korean won, it was very popular.
Moreover, it is not only popular, but also offers extremely favorable exchange rates.
One US dollar can buy twice the amount of Korean won, which is equivalent to Korean assets being half the price.
This is the power of a financial crisis: seizing valuable assets in other countries without even having to fight a war.
"That's fine."
"I pledged my Samsung Logistics shares to Miracle Company."
"The demand is for 800 billion worth of goods to be shipped."
Upon hearing this, Samsung Vice Chairman Lee Young-ki hesitated for a moment, then gritted his teeth and spoke to Farshad President.
"You're the vice chairman of Samsung."
"So how can 800 billion be enough?"
"You should know that your third brother, Lee Dong-ki, has already amassed 1800 billion won."
"How could you possibly win this game with a prize of 800 billion?"
As Miracle President Farshad poured tea into the teacup in front of Li Yongji, he offered his advice.
What if we lose money?
What to do then?
Samsung Vice Chairman Lee Young-ki gazed at the golden-colored tea and struggled to ask Farshad President...
"Loss?"
“If you suffer losses, then your third brother will suffer losses as well.”
"That's just how the market is. Even if you lose money, your third brother can still make a profit."
Miracle CEO Farshad once again used economic arguments to persuade Li Yongji.
"Row."
“I still own 5% of Samsung C&T, but I want 1000 billion.”
Samsung Vice Chairman Lee Young-ki's face hardened, and he spoke fiercely to Farshad President.
"This is the Samsung vice chairman I know."
While praising Li Yongji, Miracle President Farshad drafted the mortgage contract.
Before long, the mortgage contract was drafted.
Samsung Vice Chairman Lee Young-ki picked it up and looked at it, then asked Farshad President in surprise:
"Can't I make early repayments?"
"And if the money isn't repaid after a month, the mortgage contract will become a sale contract?"
"This is just too unreasonable!"
Li Yongji now suspects this is a trap, believing that Ni Yongjun is trying to use Miracle to swindle them.
Otherwise, why would they offer such a performance-based contract?
“Samsung Vice Chairman, your third brother also signed this kind of contract.”
"He had his doubts, but he said one thing."
0 ··Requesting flowers····· ····
"At worst, I can put it in my Samsung Financial account in advance."
When Miracle CEO Farshad heard Lee Young-ki's doubts, he quoted Lee Dong-ki of Samsung Financial to Lee Young-ki.
When Samsung Vice Chairman Lee Young-ki heard this, he thought about it and agreed.
This kind of performance-based contract is about betting on the unknown. If you are confident, then you can accept it.
If you feel unsure, then give up.
The third brother, Li Dongji, is right. When the deadline is approaching, transfer the funds in advance and put them in the company account.
Once it's due, just return it directly.
. ..... 0
"Okay, I'll sign."
After thinking it through, Samsung Vice Chairman Lee Young-ki picked up a pen and signed his name.
"The vice president is indeed decisive."
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