Chapter 400

In this world, due to the existence of Henry, Williams electronics has developed into the world's top electronic products company! The zero sum market determines that if one party earns more, the other party earns less, or even loses money.

As a result, Samsung Electronics is far less powerful than its predecessors.

At present, the subsidiary companies of SamSung group include: Samsung Electronics, Samsung products, Samsung aviation, Samsung Life Insurance, Samsung heavy industry, etc. the business involves many fields such as electronics, finance, machinery, chemistry, etc.

In 2003, three companies under Samsung Group entered the Fortune 500 list, among which Samsung Electronics ranked 59th, Samsung products ranked 115th and Samsung Life Insurance ranked 236th.

However, at present, Samsung Electronics is being suppressed by Williams electronics, Samsung products are being suppressed by global land, let alone Samsung Airlines is being suspended by SpaceX

It can be said that the situation of SamSung group is much worse than before.

With the advent of the Asian financial crisis, Samsung's brain drain has caused a major blow to the company's future development.

In addition, pile up in excess of requirement is currently in the market, and the market is very depressed. The sales volume of other companies is poor except for the first round of Williams electronics products. The sales volume of other companies is poor, and can only be stored in warehouses. This has caused huge losses to Samsung, LG, SONY and other companies.

Electronic products not only can't make money, but also lose money. Li Jianxi was so angry that he fell a lot of things in the office.

Samsung used to sell unprofitable assets, but now it has to sell high-quality assets to maintain the development of Samsung Electronics. At the same time, in order to retain talents, Samsung has to improve its salary! All these have brought huge financial pressure to Samsung.

Samsung's slow development is inevitable.

In order to further curb the development of Samsung, Henry decided to buy a Korean company and set up his own company to attack the Korean market and directly attack Huanglong. In the future, he will see how it can rise!

The banking industry has been severely impacted by the Asian financial crisis. South Korea's first bank is on the verge of bankruptcy, which is a piece of fat. Major companies in Europe and the United States are paying attention to it, especially Newbridge capital group, which is very interested in acquiring South Korea's first bank.

However, Henry has also taken a fancy to the first bank of Korea. It's already meat on his plate. No one wants to rob it!

Although the first bank of Korea is named No.1, it is not the largest bank in Korea, but the eighth. Nice name, enough hanging on the line, want to become the largest bank in South Korea is not easy? It won't be long

On January 11, 2005, Standard Chartered Group paid US $3.3 billion in cash to acquire all the shares of Korea first bank. At the time of acquisition, the total assets of Korea first bank was about US $44 billion, with 394 branches in various places. If Henry bought it now, it would be a billion dollars.

Newbridge capital group of the United States invested $380 million to acquire 48.56% of the shares of Korea first bank, while Henry directly offered a wholly-owned acquisition of $1 billion! Newbridge capital group of the United States saw Henry participate in the competition, and finally chose to withdraw. There are so many Korean banks that there is no need to compete with the world's richest man, so as not to let the Korean bank make a profit. There is another thing that Newbridge capital group of the United States is afraid of.

Warren Buffett and Henry also scrambled for Wells Fargo Bank, but later, in a rage, Henry threw all his shares, leading to a sharp drop in the share price of Wells Fargo Bank. Warren Buffett and Berkshire Hathaway lost more than $4 billion, which became a laughing stock in the United States for a while! Warren Buffett's face turned blue when he was angry. He scolded Henry for doing harm to others but not to himself. If you throw it slowly, it won't cause an avalanche in the stock market. But if you throw it all at once, it will inevitably cause panic among the investors. The stock price will plummet and Henry will lose money himself!

But Henry shrugged and said to the reporters, "I'd love to. What's the matter? What's more, I threw it all away for the first time, and I didn't lose much. It's less than $100 million in total! "

For a moment, Henry was associated with the words "rich and willful", "don't rob the company with Henry Williams, or you'll die". Newbridge capital group of the United States is also afraid of this point. If they compete with Henry for shares in the stock market, and then Henry throws them all, should they cry or cry!!

Newbridge capital group of the United States just wants to make money when it acquires the first bank of Korea... When the economic situation is good, it will sell it again. It's not here to get angry with Henry and do business at a loss!

The most powerful and the most willing to buy the United States Newbridge Capital Group announced its withdrawal, naturally Henry bought the first bank of Korea very smoothly! There is a bank in Korea. If Henry has a company in Korea, it will be convenient to raise funds. At least he has a guarantee in economy!

After buying the first bank of South Korea, naturally, it is a non-stop expansion. Many banks have failed. At this time, it can be said that many European and American companies have been killed. Everyone is hunting to see who is fierce and fast!

The first bank of South Korea has given Williams a blessing, and it has suddenly risen up. It has opened its huge tusks and started to annex other banks.

South Korean media have said: "the world's richest man Henry Williams bought the first bank of South Korea, so it seems that the first bank of South Korea may not be long before it really becomes the first bank of South Korea!"

Of course, banks are only the first step. Next, Henry's goal is: CJ. CJ is the largest food company in South Korea. It has food and catering business group (including daxida, duole, het Bahn instant rice, etc.), biological and pharmaceutical business group, new circulation business group, entertainment and media business group

The reason for the acquisition of CJ is that CJ has great development potential; Second, in 1995, CJ, director Spielberg and others jointly set up DreamWorks SKG company, thus starting the film and television industry. After that, CJ became the first film company in South Korea, with a strong potential. DreamWorks, owned by Galaxy film company, owns 25% of SKG. So, as the saying goes, it's better to get acquaintances!

Another reason is that CJ used to be a subsidiary of Samsung. CJ became independent from Samsung Group in 1993 and established its own business system. The acquisition of CJ symbolizes Henry's determination and symbol to attack Samsung!!!

As a result of the DreamWorks relationship, Henry quickly contacted CJ company and proposed the intention of acquisition. In this financial crisis, CJ company is struggling. Henry said that since we are partners and know each other very well, I can't bear to see CJ living so hard. In this way, I invested $6 billion to buy 75% of CJ's shares and help CJ tide over this difficulty!