The penniless son of the penniless ...

Chapter 70: Turns and turns, multiple reactions

However, when he was about to announce that the second vote had failed because the number of votes in favor did not reach half of the shares, Wu Xiuying, who had been sitting next to Zhang Junfeng, suddenly stood up!
"Wait a minute! I still have 5.2% of Hanjin Shipping's shares! The previous individual shareholders have transferred their shares to our Comet Capital yesterday! This is the proof of share transfer!" Wu Xiuying raised the document in her hand high, looking at the shocked people in the venue, her heart was also very excited!
She didn't expect that at the beginning of the meeting, her boss Zhang Junfeng would actually hand such an important thing to her, and asked her to take it out at the right time to turn the situation around in one fell swoop!
She was a little skeptical at first. After all, with only about 5.2% of Hanjin Shipping's shares, it shouldn't change anything, right? And the combined shareholdings of the shareholders they had previously lobbied and visited should have exceeded 35%!
Now it seems that the boss had clearly anticipated that such a sudden change of mind would happen, so he made special preparations for the second one!

……

After personnel appraisal, the certificate of share transfer was determined to be authentic and valid, and the votes in favor of removing President Zhao Nangao from his position exceeded half of the company's shares, and the vote was successfully passed!

Zhao Nangao's blood pressure rose again after suffering a tragic reversal. He covered his heart in pain and vomited blood in a state of excitement. Then Zhao Nangao fell into a coma.

Upon seeing this, his trusted subordinates hurriedly helped Zhao Nangao out of the meeting room and rushed him to the hospital.

……

Although Zhao Nangao's departure caused a commotion, fortunately Park Yukwon came forward to preside over the meeting and quickly continued the shareholders' meeting. The third resolution was quickly passed, appointing a new president of Hanjin Shipping - Cui Hongyuan, the chairman of the board of directors of Hanjin Shipping Company who had been suppressed by Zhao Nangao for a long time!

As a supporter of the eldest son of the Zhao family, he was ruthlessly suppressed after Zhao Nangao became the president of Hanjin Shipping. Zhao Liangzi, who once supported him wholeheartedly, did not react to his experience at all, and almost regarded him as a sacrifice to ease the conflict between the brothers.

Cui Hongyuan was heartbroken by this experience. After enduring the ruthless suppression for nearly three years, he wanted to leave Hanjin Shipping and seek another way out, but he happened to catch up with the sudden outbreak of the financial crisis. Seeing that the situation of enterprises outside was not optimistic, he could only continue to endure in the company.

When Wu Mingxi approached him to discuss cooperation, Cui Hongyuan did not agree directly, but put forward conditions for cooperation to the other party. If Zhao Nangao was really ousted by their KB Bank, he, Cui Hongyuan, would unconditionally cooperate with the other party and work for the other party to manage Hanjin Shipping!
If Zhao Nangao still sits firmly in the position of chairman, then the cooperation between them will be just a piece of waste paper.

Cui Hongyuan, who was waiting on the side, was disappointed when he saw that the second vote initiated by KB Bank failed to occupy half of the company's shares. He thought that he would never have a chance to turn things around in this life!

But the final comeback made him ecstatic. Zhao Nangao, the bastard who had bullied him for so many years, was so angry that he vomited blood and was sent to the hospital for emergency treatment. And he also became the new president of the company with the full support of KB Bank. All this was so bizarre that it seemed like a dream!
……

When this extraordinary shareholders' meeting ended, the corporate representatives present at the scene unanimously congratulated Zhang Junfeng and others. Anyone with a discerning eye could see the current situation: KB Bank had obviously already won the operating rights of Hanjin Shipping!
As for whether Hanjin Group's chairman Zhao Chongxun would make a move, they were not sure. However, in the current situation, everyone was in a difficult situation. Without sufficient funds, it was a pipe dream to fight for the company's management rights!
The most embarrassing thing is that the companies and individual shareholders who had been visited by lawyers such as Wu Mingxi and Wu Xiuying and agreed to cooperate, but chose to go back on their word in the end. They originally took into account the reputation of Hanjin Group and did not think that KB Bank could succeed in "stealing chickens"!
But the result was such a slap in the face, they could only shamelessly greet Zhang Junfeng and others, trying to ease the relationship between the two sides. However, Zhang Junfeng did not have a good impression of such a guy who went back on his words, and ignored him. ...

The news of Hanjin Shipping's change of ownership quickly caused an uproar in Korea! They didn't expect that KB Bank would take action so quickly after being acquired, and the first to bear the brunt was actually a subsidiary of a large enterprise ranked high!

Companies that have applied for loans from KB Bank and are now overdue and unable to repay are also worried, fearing that they will be the next ones to be visited by KB Bank to collect debts!
Of course, there are also some companies that have conducted in-depth investigations and discovered Comet Capital’s tricks! Chung Mong-koo, the president of Hyundai Motor Company under Hyundai Group, is one of them!

Zheng Mengjiu, sitting upright on the sofa, looked at the investigation materials in his hands with a serious expression, and was shocked in his heart!

No matter how hard he tried, he would never have thought that Zhang Junfeng, who was regarded as the son-in-law of the Five Star Group and a gigolo, actually had such an unknown side! He was the mastermind behind Comet Capital that easily took over KB Bank? !
If his subordinates had not confirmed and verified it again and again, he probably would not have believed such an outrageous thing!

"President, KB Bank has seized the operating rights of Hanjin Shipping in the name of debt collection. We have also applied for a large loan from KB Bank before. What should we do if they deal with Hyundai Motor like they did to Hanjin Shipping?" asked a trusted subordinate with a worried look on his face.

Zheng Mengjiu's face froze, and he glared at his "crow-mouthed" subordinate in annoyance. He still replied in a tough tone, "Humph! If he had the courage to come, I would still think highly of him! I'm just afraid that he doesn't have the courage!"

"Hyundai Group is not the lower-ranked Han Jin, and I am certainly not comparable to that loser Zhao Nangao!"

Seeing his president's strong statement, the subordinate was startled and realized that his previous words seemed to have overstepped the mark!
The subordinate who knew he had made a mistake hung his head in silence, thinking to himself that since his boss was so "confident", there shouldn't be any problem, right? !
……

Compared to those companies that were restless, Li Jianxi, the chairman of the Five Star Group, who also received the news, was very proud! His precious daughter had such a good eye! The son-in-law she found was so capable that he quietly took over the management rights of KB Bank!

If he hadn't appeared at the shareholders' meeting of Hanjin Shipping this time, everyone would probably still be kept in the dark by this guy!

(End of this chapter)