"Did I hear it wrong?" Gu Benmao looked surprised, "Lotte Group is actually going to merge with Song's family?"

"Impossible! It's absolutely impossible! A group as big as Lotte does not file for bankruptcy, but wants to be merged into the Song family. This is incredible!" Zhao Chongxun also shouted with a disobedient expression.

Choi Tae-won squinted his eyes at the stage, then said, "We were fooled by someone surnamed Song!"

Being fooled by someone?

And he even played the three major Korean chaebols all at once?

This is absolutely incredible to say.

"The Song-sen took advantage of us from the beginning. When we thought we were sure to win and could divide the Lotte Group, the Song family invested in Lotte's full merger and acquisition!" As the chairman of SK Group, Cui Tae-won immediately guessed the core.

"How is it possible? It costs at least 3 billion US dollars to acquire Lotte. The person surnamed Song has no cash flow, so how can he have that much money?" Gu Benmao asked.

"Hmph! Don't forget that the legendary Elephant Group was also acquired by Song's family!" Cui Tae-yuan's eyes flashed, "and he took out two billion US dollars in real money!"

"Hiss! Are those rumors true?" Gu Benmao and Zhao Chongxu couldn't help but breathe.

"The acquisition of Elephant takes out 2 billion yuan, and the acquisition of Lotte takes out another 3 billion yuan. This is a total of 5 billion US dollars. How did the Song Group do it?" No matter how the three major chaebols want to break their heads, they can't figure it out.

Look at the speech stage at this time—

After Xin Dongbin announced that Lotte Group would not go bankrupt and would merge into the Song Group and continue to operate, he immediately caused an uproar on the spot.

Those Korean media reporters were crazy.

"What does it mean? Isn't this a disguised saying that Song acquired Lotte?"

"Does the Song Group have that great ability? It actually swallowed up Lotte in one bite?"

"Incredible! It's incredible!"

Facing the horrified scene, Xin Dongbin's expression was still cold and continued to speak: "The second thing is that I announced that from now on, I, Xin Dongbin, officially resigned as President of Lotte, and will be handed over to my elder brother Xin Dongxiong!"

"Wow——!" The scene caused a sensation again.

"Xin Dongbin resigned as president? He has just served as president of Lotte Group for not long!"

"Is Xin Dongxiong going to be President Lotte? I heard that he is the maid of President Song!"

These Koreans were once again surprised to even their chins fell off.

At this time, Xin Dongxiong had already taken over Xin Dongbin to the speech stage, glanced majestic for a week, and then said: "I, Xin Dongxiong! Starting from today, I officially took over as the president of Lotte Group. Please take care of you in the future!" After that, he bowed slightly to the government officials, business celebrities and media reporters below the audience.

Slap sex!

I don’t know who applauded, but then there was a thunderous applause in the entire press conference hall.

At this moment—

It determines that the fate of Lotte Group has long been irreversible!

...

Rakuten Group did not file for bankruptcy, but announced its merger to the Song Group soon spread, triggering the entire South Korea.

No one would have thought that the result of Lotte Group would be like this.

Unexpectedly, Xin Dongbin would take the initiative to give up his position and give the president's throne to his elder brother Xin Dongxiong.

Lotte was incorporated into the Song family. To put it bluntly, the Song family annexed Lotte. In other words, Song Zhichao, the chairman of the Song family group, will be the real behind-the-scenes boss of Lotte Group in the future.

Not only did Ju Benmao, Zhao Chongsheng, Choi Tae-won and others feel incredible, but many Korean media are also confused - how did the Song family do it?

After all, it takes 3 billion US dollars to win Lotte, and 2 billion US dollars to win the elephant. At such a critical moment, how can the Song Group get so much cash flow?

...

Indeed, Song Zhichao had no money before he took over the Elephant Group.

To be precise, when Song Zhichao came to South Korea, he had almost spent all his cash in order to acquire branches of groups such as Samsung and Hyundai.

But this time, in order to win two major groups, Elephant and Lotte, Song Zhichao did one thing, which was to sell all the Korean branch that had just been acquired for less than a year!

When Song Zhichao bought these companies, he spent almost 6 billion US dollars. Now he sold them all, but only sold them for 5.7 billion US dollars, losing 300 million US dollars.

For buyers who acquire these assets, Samsung Group, Hyundai Group, and other chaebols, this time they undoubtedly took a big advantage.

Back then, these chaebol groups suddenly encountered a once-in-a-century economic crisis in South Korea. They were short of funds for a while, so they had to sell their assets to Song Zhichao in grievance.

It can be said that this is a heart disease of theirs.

It was also a shame for them.

Now, although South Korea's domestic economy has not improved and the international situation is not good, the capital flow of these chaebol groups has long been activated and there will be no embarrassing appearance of selling assets at a low price.

It was at this moment that Song Zhichao, as the president of the Song Group, suddenly made a proposal that they could not refuse - I want to sell the assets I bought from you to you, are you willing?

willing!

Why would you not want to?

Whether it is Samsung, Hyundai, or other groups, the first reaction to this news is to raise your hand to agree!

Of course, I agree in my heart. On the surface, they still have to put on a good attitude. Only when the price is negotiated can you buy it. It is impossible for you, Song Zhichao, to sell it at a high price.

So, after some negotiations, Song Zhichao finally decided to lose 300 million US dollars and return all the assets under Song's family to Samsung and Hyundai, as well as other groups.

In other words, the Song Group not only did not make any money from buying to selling in just over half a year, but instead lost 300 million US dollars.

This is a fool, this is!

Samsung and Hyundai commented on Song Zhichao this way.

Where can I do business like this?

It seems that Song Zhichao is also in a hurry to use money now, but he doesn’t know what he wants to cash out so much cash?

As South Korea's leading chaebol, Samsung and Hyundai are very satisfied with the deal.

I easily got back what I originally belonged to me, and I still made a small profit.

This business is done!

Song Zhichao got the cash and felt extremely comfortable.

Loss of 300 million?

Who knows that Song Zhichao has basically emptied all the core things in those branches.

Not to mention anything else, just Samsung Electronics Company. Before Song Zhichao returned it to Samsung Group, he had already independent of Samsung Electronics' core R&D technology and applied for a patent. Now what Samsung bought back is actually just an empty shell.

There is also Hyundai Petrochemical. Under Song Zhichao's arrangement, this branch can only sign cooperation agreements with the three major oil fields in Siberia, Russia in the future to sell crude oil from the three major oil fields. These three major oil fields belong to Song Zhichao.

There is also the Modern Transportation Company, which Song Zhichao secretly dismantled and controlled seven or eight important transportation lines in the entire transportation network, and returned the others to the Modern Group.

In other words, under Song Zhichao's special arrangement, the "essence" of these branches has been emptied, and exchanged them for Samsung and Hyundai are all empty shells.

Soon, Samsung and Hyundai will know the mystery.

Unfortunately, Samsung and Hyundai were still complacent about their victory this time, and they were completely unaware of Song Zhichao's way.

in turn--

After Song Zhichao got rid of those empty subsidiaries, he directly used money to raise 2 billion yuan of Elephant Group and 3 billion yuan of Lotte Group - in one breath, he swallowed the two once famous Korean chaebols!

It was not until this time that the complacent chaebol groups such as Samsung and Hyundai woke up—

What's going on?

Song Zhichao took the money they gave and actually got the Elephant and Lotte?

In other words, the reason why Song Zhichao wanted to sell the company was to annex these two major chaebols?

So what did they do?

I bought a lot of empty subsidiaries and thought I had made a profit of 300 million US dollars. When I looked back, I saw that the Song family was already unattainable!

It can be said-

Song Zhichao unknowingly became the final winner of this business war.

Whether it is Samsung, Hyundai, LG, SK and Hanjin Group, they all helped him make wedding dresses.
Chapter completed!