On New Year's Day in 2004, Dong-A Ilbo, the second-largest newspaper in South Korea, published a news that shocked the whole of South Korea. That is, the chairman of Hyundai Motor Group, Jung Mong-koo, and his son ** Xuan, who are suspected of privately setting up and embezzling more than 100 billion won of secret funds, causing economic losses of more than 400 billion won to Hyundai-Kia Motors Group and its subsidiaries. The Dong-A Ilbo also published more detailed information, confirming that the incident was indeed a fact, and that it was not a shadow.

On January 5, on suspicion of embezzlement of public funds and bribery of government officials, Court No. 417 of the Criminal Collegiate Division 25 of the Central District Court of Seoul, South Korea, began its first public trial of Zheng Mengjiu and his son yesterday morning. In court, the Supreme Prosecutor's Office of South Korea rejected Zheng Mengjiu's bail application, but agreed to his son **Xuan's bail application.

The first public trial of Zheng Mengjiu and his son lasted about 50 minutes, and before the public trial ended, the judge announced that the next public trial would be held on June 12.

This incident shook the whole of South Korea. Because of his extraordinary status, he is the chairman of Hyundai-Kia Motors Group, South Korea's largest automaker, and one of the top ten richest people in South Korea.

Since Hyundai Motor Group's headquarters were searched, the scandal that has engulfed the group has spread to South Korea's entire auto industry, and South Koreans are worried that the shattering of Kim Woo-jung and the "Daewoo myth" a few years ago will be repeated in Hyundai Motor Group.

The scandal of Hyundai Motor Group has seriously affected the group's operations. The group's plans to build factories in the Czech Republic and the United States were put on hold, and its Kia Motors company's plans to build local assembly plants in Southeast Asia were dashed. Hyundai Motor Group's path to globalization has encountered a thorny road.

At the same time, because of the incident of Zheng Mengjiu's father and son, it also caused great turmoil in the stock market of Hyundai Motor Group. In just three days, Hyundai Motor Group's stock price plummeted by 30 percent, and its market value fell from $18 billion to less than $13 billion.

And at this time, Zheng Mengjiu's little uncle, Zheng Sangyong, who was squeezed out of Hyundai Motor Group by Zheng Mengjiu eight years ago, announced in a high-profile manner that he would acquire Hyundai Motor Group to solve the disaster of Hyundai Motor Group.

Zheng Xiangyong's sudden intervention made people realize that Zheng Mengjiu's matter this time may not be so simple.

In South Korea, it is no secret that Jung Sang-yong has a hatred with Jung Meng-jiu's uncle and nephew. You know, eight years ago, Jung Sang-yong was the No. 2 person in Hyundai Motor Group, but he was eventually kicked out by his nephew. In the past few years, although Zheng Xiangyong has not taken any revenge, no one believes that he can swallow this breath.

Last year, Jung Sang-yong's acquisition of Hyundai Group has already made it known that Jung Sang-yong, who has tasted courage after eight years of lying on the salary, has begun his road of revenge. However, because of the mistake of strategy, Zheng Xiangyong fell short. Everyone thought that after this blow, Jung Sang-yong would not take action again immediately, but they did not expect that just over a month had passed, and Jung Sang-young would actually attack the behemoth of Hyundai Motor Group.

Moreover, Hyundai Motor Group, which is now suffering from internal and external troubles, is really difficult to resist Jung Sang-yong's attack. Because, in just three days, Jung Sang-yong has won 12% of the shares of Hyundai Motor Group at a very fast speed.

At a time when Zheng Sangyong was buying shares in Hyundai Motor Group, Jiang Feng, China's newly rising richest man last year, also announced that he had bought 5 percent of Hyundai Motor Group's shares.

Subsequently, Kim Sun-hye, the current chairman of Daewoo Group, also announced that Daewoo Group's stake in Hyundai Motor Group reached 3%.

After the trio made these announcements one after another, the trio also announced that they would form an alliance to challenge the position of Jung Mong-koo, the current president of Hyundai Motor Group.

Although these news are very shocking, they are not shocking, nor can they shake Zheng Mengjiu's controlling interest in Hyundai Motor Group. Although Zheng Mengjiu's shares in Hyundai Motor Group are only 8 percent, the shares of Hyundai Motor Group that he can control are as high as 57 percent.

However, a subsequent announcement completely shook Hyundai Motor Group. Because Hyundai Motor Group's largest creditor, Korea Exchange Bank, announced that it would sell its 31 percent stake in Hyundai Motor Group to Jung Sang-young's KCC Group.

With the strength of the KCC Group, it is naturally impossible to eat so many shares of Hyundai Motor Group. In fact, most of these shares were eaten by Jiang Feng, accounting for 20 percent. And Jung Sang-young only won 11 percent of them.

In order to reach this deal, Jiang Feng also paid a huge price, and he pledged 40 percent of the shares of Jiang's investment fund to the First Citibank of the United States, thereby borrowing $5 billion and acquiring 31 percent of the shares of Hyundai Motor Group owned by the foreign exchange bank at a price exceeding 20 percent of the Hyundai Motor Group's stock price.

After Jiang Feng took the 31 percent of the shares, he traded 11 percent of them with Zheng Sang-yong's KCC Group. In this way, Jiang Feng owns 25 percent of Hyundai Motor Group and 30 percent of KCC Group, while Zheng Sangyong owns 23 percent of Hyundai Motor Group.

However, before the action, Jiang Feng signed a cooperation agreement with Jung Sang-yong, that is, he will support Jung Sang-yong's candidacy for the post of president of Hyundai Motor Group.

As a result, Jiang Feng owns 25 percent, Jung Sang-yong owns 23 percent, and Kim Seon-hyep owns 3 percent, and the alliance reached by the three of them has controlled 51 percent of Hyundai Motor Group's shares. The shares controlled by Zheng Mengjiu have plummeted to 26 percent. Even he controls the shares of other shareholders, which is only 49 percent at most.

Hyundai Motor Group has been controlled by Jung Sang-yong in just a few days.

This series of actions made Zheng Mengjiu's father and son dizzy, and they had no power to fight back. By the time they came to their senses, Jung Sang-young already had an absolute controlling stake in Hyundai Motor Group.

Just when these news were announced, Jiang Feng, who was the main figure in the incident, was shopping with beautiful women.

As for the so-called peace agreement he reached with ** Xuan before, Jiang Feng didn't look at it at all, just like ** Xuan's father and son didn't really plan to make peace with Jiang Feng. Under the guise of this temporary peace, everyone is accumulating strength and preparing to deal with each other. It's just that Jiang Feng's actions are faster and more combative. As a result, Zheng Mengjiu's father and son were tragic, not only did they face imprisonment, but the Hyundai Motor Group they controlled also became someone else's.

Of course, this is not a big loss to their own net worth, but they have just lost control of Hyundai Motor Group.

Jiang Feng was in Li Yinxin's car when he received a call from Jiang Lingyu, saying that he had reached a loan contract with Citibank.

Originally, Jiang Feng did not intend to use the shares of Jiang's Investment Fund as collateral to borrow money from banks. Because he doesn't want his property to be interfered with by others. However, this time against Hyundai Motor Group, he simply could not achieve it with his own strength.

However, he couldn't help but fight back against Zheng Mengjiu's father and son, because he couldn't tolerate the threat there, so he could only choose to borrow funds from Citibank. However, Jiang Feng believes that with his company's ability to attract money, it will not take much time to repay the loan from Citibank, and when the time comes, Jiang's investment fund will still be his private property.

After Jiang Feng hung up the phone, he fell into deep thought, thinking about how to get back the shares of the Jiang Investment Fund that had been mortgaged. Although he was confident that he would get the shares back, he didn't want them to be pledged for too long.

Li Yinxin glanced at him, not knowing what he was thinking. Seeing that he ignored himself, he snorted, then started the car and drove towards Huayang Xiuyuan.

He cared about him so much, he ignored him, and Li Yinxin felt very uncomfortable. Because of some gas, Li Yinxin's speed was very fast. Plus it's so late, and there aren't many other cars on the road. The red Ferrari was like a fire piercing the darkness of the night. Jiang Feng's hand was on the door of the car, letting the cold wind blow.

"It's a little cold, can you close the window?" Li Yinxin said coquettishly at this time, she turned her head to look at Jiang Feng, "What are you thinking?" ”

Jiang Feng seems to be a little depressed, not at all like him usual, Li Yinxin is now like a jealous little fox, very sensitive.

Jiang Feng turned his head and smiled, and then the corners of his mouth turned up slightly and said, "Hmm...... What, angry? Hehe...... Actually, I've been wondering if I can spend the night at your house tonight. ”

"What?" As soon as Li Yinxin's hand trembled, the body of the Ferrari driving at high speed swayed and almost lost control, but fortunately, she quickly stabilized her direction.

"You...... What did you say? She asked in a trembling voice.

Because it was a little shaky just now, Jiang Feng reached out and grabbed the seat to keep it stable, and then he smiled: "Can you drive it more steadily, hehe...... I was just asking, can I spend the night with you tonight, it's so late. I don't want to go back and disturb them. ”

Li Yinxin's eyes rolled straight, Jiang Feng asked what he meant by this, did he think? For a moment, she only felt that her body was hot, her cheeks quickly turned red, Li Yinxin bit her lower lip tightly, and her mood was very complicated. She has waited so long and done so many things for Jiang Feng, isn't she just waiting for him to agree, and now when happiness suddenly comes, Li Yinxin is already at a loss. ()

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