Chapter 690 Storm
Chen Yangzhe stayed in No. 0 Courtyard. As before, he would go to Zhengxinzhai every day after going to the group. For several days in a row, when his grandson was away, Chen Yangzhe took over Zhou Yu's own study room with a wave of his hand.
Unknowingly, the collection cabinet on the study floor gradually filled up a lot.
Chen Yangzhe is also very busy these days. The acquisition of Hando Steel has reached the final stage, and with the outbreak of the financial crisis in Thailand, more and more things need to be handled by Chen Yangzhe personally, whether at home or in the company.
Meetings every day have become the most common thing for Chen Yangzhe. There is no way to occupy Zhou Yu's study. Only the study has enough space to work and hold meetings. It is impossible to sit in the tea room to receive guests every day.
But Chen Yangzhe felt strange that he hadn't seen his grandson for several days, so he called Zhou Yu home.
After returning, Zhou Yu found that his study room was occupied by Chen Yangzhe. However, seeing the gradually filling up collection room, Zhou Yu wisely chose to let nature take its course. He came to the study room and sat aside to listen, waiting for Chen Yangzhe to finish his work.
Only then did the grandfather and grandson have time to sit down and talk.
Chen Yangzhe took a sip of tea to moisten his throat, and then asked with a stern face: "Where have you been these past few days? You don't even know where you are going back home. Do you think I'm not ready to ask Director Li to make this call to you?"
return."
Zhou Yu shook his head and said: "There have been so many things these past two days that I have no time to come back. Except for going to Shinhwa High School for two classes, I spent the rest of the time in the office."
Chen Yangzhe naturally knows what the most exciting news is these days. Of course, there are more than one exciting things, but Chen Yangzhe can accurately tell what Zhou Yu is busy with: "It's because of things in Thailand."
Are your other investments affected? Are the losses significant, and how are Shunyang Motor's new car sales?"
Zhou Yu said: "The sales volume is not very good, but the data ratio is much better than that of other car companies. After all, the current environment is not good and every manufacturer is sad."
Chen Yangzhe frowned and nodded: "Originally, major companies went bankrupt one after another because of various problems. The problems in Thailand also had a certain impact. People from the Economic Research Office analyzed this storm
It might be swept over, what do you think?"
"Yeah." Zhou Yu nodded: "It will definitely affect this area. In fact, this economic downturn has been gradually reflected since the end of last year. The trade deficit is too large and the overall debt is too high. Once there is a thunderstorm, major banks will start to pay debts."
When debts are repaid, many non-compliant loans will explode and lead to bigger problems, but we at Shunyang are relatively good and should not be affected too much."
"I don't know what will happen then." Chen Yangzhe sighed, shook his head and asked, "Do you have investments in Thailand?"
Zhou Yu nodded: "Yes."
"What's the scale like?"
Zhou Yu did not answer but stood up and said: "Grandpa, let's go sit upstairs."
Chen Yangzhe immediately knew that Zhou Yu had something to say that was not convenient to say down here, so he nodded and went upstairs with Zhou Yu.
After arriving at the bedroom floor and sitting down in the living room, Zhou Yu spoke: "I'm worried that someone has installed a bug below. There are so many people coming and going these days."
Chen Yangzhe sat down and said, "You are more cautious."
Zhou Yudao: "My investment in Thailand is almost more than 10 billion US dollars."
Fortunately, Chen Yangzhe didn't drink water, otherwise he would have choked. He patted his thigh to calm down and said, "You have made a lot of money over the years, why are you deploying so much money there?"
Zhou Yu said: "Just because of what happened in the past few days."
Chen Yangzhe understood with just one sentence, and he immediately looked at his grandson in disbelief: "Have you established a relationship with those people on Wall Street?"
"It's not a relationship, it's that I have become a member of Wall Street." Zhou Yu shook his head and said: "I have arranged a lot of funds intermittently since last year. I have established more than a dozen investment companies and have been cooperating with Wall Street.
The Thai baht was suppressing the situation, and each company was small and didn’t know each other’s situation at all, so it didn’t attract much attention.”
"The raids have officially begun in the past few days. I am one of the main force. The reason why I haven't come back is because I am busy with this matter."
Chen Yangzhe nodded slowly and remained silent for a long time without speaking.
Zhou Yu said: "This storm will be a bloody feast for Wall Street and international hot money. Once Thailand allows them to get the benefits, it will not be so easy to end. All currencies with weaknesses will become their dishes."
Chen Yangzhe stared at Zhou Yu: "In what capacity are you talking to me? Are you the grandson of the Chen family or a Wall Street giant? What else have you done?"
"Of course it's your grandson." Zhou Yu smiled and said: "Grandpa, we can't stop us. If you can't win, then join in. It's enough that I will become one of the biggest beneficiaries of this feast."
no."
"Hahaha." Chen Yangzhe suddenly burst into laughter. He was happy, truly happy: "When did you enter that circle?"
Zhou Yudao: "After establishing that company in the United States, I also made a lot of very successful investments. From that time on, many circles began to contact me. I also joined some circles and accumulated a lot of contacts. In such circles, I gained a lot of skin.
The color of my life doesn’t matter at all. As long as you have money and influence, you have the right to speak. This is capitalism. Once I entered the first circle, it became very easy to integrate into other circles.”
Chen Yangzhe suddenly said: "Actually, I'm not surprised, but I didn't expect you to achieve this level."
Zhou Yu smiled and said, "I know."
Chen Yangzhe asked: "We are also involved here, right?"
Zhou Yu shook his head: "I don't know, but the analysis given by people around me is that it will be, and it may be very miserable. Our trade deficit is too large, and our U.S. dollar reserves are too small. Once attacked, we cannot resist. Shunyang's Economic Research
The office is also great.”
This chapter is not finished yet, please click on the next page to continue reading the exciting content! Chen Yangzhe frowned.
Zhou Yu said: "However, Shunyang shouldn't have much impact. The short-term decline is just for a better rise. Just treat it as an adjustment. We don't know what will happen by then. If it really comes to that,
I will take action when Shunyang's situation is at its worst."
Chen Yangzhe nodded slowly: "Shunyang is my life's work, and as the heir, you also have the obligation to protect Shunyang."
"I know."
Chen Yangzhe said: "Please tell me carefully."
Zhou Yu nodded and started to arrange the arrangements as soon as he discovered that someone was attacking the Thai baht. Of course, this part only gave Chen Yangzhe a reason to start. In fact, it was Zhou Yu who had no foresight and started the arrangements in advance, and the place where the wind started was still there.
It wasn't the largest amount. The amount of funds Zhou Yu leveraged using various means and tools was only more than his real assets.
Later, I joined it because I was invited and became a member of the main force. Of course, this is not the real main force, and behind this there are countless retail investors and small financial institutions fishing in troubled waters.
Then he told Chen Yangzhe about the income during this period. Chen Yangzhe was also very emotional. He had seen a lot of big things in the world, but the profits earned in a short period of time really felt like a money grab.
After learning this, Chen Yangzhe didn't say much. He just told Zhou Yu to be careful when doing things and be wary of people, especially those on Wall Street, and waved Zhou Yu away.
Chen Yangzhe knew this and didn't tell anyone else, he just acted as if nothing happened.
Hando Steel was finally acquired for more than 600 billion won. In this critical period, Hando Steel was acquired for half the price. Of all the acquisition funds, Shunyang Automobile independently provided half of the funds, and the remaining half was acquired.
It was taken out by Shunyang Group.
In the end, Shunyang Automobile became the major shareholder of Hando Steel, and Hando Steel also changed its name to Shunyang Steel and ended the acquisition.
After the acquisition, Zhou Yu blocked Chen Yangzhe's plan to lay off employees and streamline operations. If he wanted to make money and survive this most difficult time, layoffs would definitely be one of the most effective methods. However, Zhou Yu's plan was to lay off employees in the new Shunyang.
Before the steel adjustment is completed, all employees will be on unemployment leave, and of course their wages will be reduced as a result.
Zhou Yu's behavior was not the behavior of a holy mother, but after all, there were three reborn saints around him who were watching him. He naturally had to pay attention to his methods in everything he did, and he could also earn a good reputation through this method.
Letting workers work half the time and rest half for a month, and having their wages cut in half is better than being laid off and losing their jobs. If they really want to make a fuss, they can use the reservation clause in the acquisition contract and fire them directly. In this recession, other people
Comparing the layoffs after the company went bankrupt and was acquired with the situation of Shunyang Steel, many things are indeed reflected.
And at this time, the good relationship that Zhou Yu maintained with another country came into play. If the domestic steel industry could not absorb the production capacity, it would go abroad. For the time being, we are not asking how much money we can make from it, but we must at least earn back the costs to maintain it.
In the operation of Shunyang Steel, it is definitely a question of how much money to make.
As long as there is sales, a company can survive because of this. Anyway, Handao Steel has survived after being acquired by Shunyang and renamed, and by the way, it also promoted Shunyang Transportation.
When the storm swept through more places, it turned into a more destructive financial crisis. During the looting process, Zhou Yuzhen felt no pressure, and the amount of funds in his hands increased every day.
Just when these giants and hot money set their sights on the next target, Zhou Yu temporarily stopped and made a call to other allies.
This circle is not very restrictive, and participation is entirely voluntary, not to mention that this is the time when these crazy giants are having a carnival.
Zhou Yu just told everyone, and what he said was reasonable and well-founded. After all, he is the heir of Shunyang, and Shunyang is mainly in the real industry. In order not to affect the investment and layout of the family industry, he will not do anything next.
participate in this attack.
Family, this thing is really useful sometimes. Shunyang himself is not small, and Zhou Yu himself is also not small. Zhou Yu's statement is equivalent to a notice. In this way, Zhou Yu also
It was a break from the big army for a while.
Some things can be done but some things cannot. Zhou Yu knows this very well, so he will not go into this muddy water at all.
Time passed slowly, and Zhou Yu received another call on the eve of the storm.
He was tested on the phone in a joking tone, and Zhou Yu's answer satisfied the other party.
"I'm just a blind investor. It's not Wall Street and you, sir, who are doing all this. What does it have to do with me?"
The moment the financial crisis broke out, it was as if the sky was shrouded in dark clouds. The Korean won plummeted against the U.S. dollar in just one day, and everyone was crying wolf.
In less than a month, the Korean won has fallen to a level that no one can believe. Even Chen Yangzhe was extremely shocked when faced with such a situation. Although he had long expected that the storm would sweep over, no one thought that it would happen.
This storm turned out to be so huge and terrifying.
Countless companies went bankrupt, and those that were still able to persist were finally completely overturned by this storm. During this important period, various problems broke out and the country's foreign debt rose to the point where this small country was almost bankrupt.
.
And when the commander-in-chief went abroad to hope that Wall Street would stop, all he got was the answer that this is Wall Street's business.
Yin Hyun Woo, Lee Min Soo and Kim Hee Woo, who have long seen through everything, are helpless but they can only watch this happening. On the surface, it seems that there are lamentations everywhere, but in fact, the people who should live are still living hard.
.
Chen Yangzhe also called Zhou Yu during this process, and then took Zhou Yu with him to that place.
After a day of deliberations, it was decided that Shunyang Automobile would acquire the bankrupt Yazhen Automobile.
The next day, a South American bank representative was also invited here based on Zhou Yu's introduction. The first thing to discuss was the acquisition of gold. More than 200 tons of gold were eventually purchased to more than 170 tons. At the same time, preliminary discussions were also held.
The loan was settled, five billion US dollars.
And when the country announced a series of humiliating deals to lend money to financial institutions, the money storm finally passed, seemingly as quickly as it came.
But the end of the storm is not the end of Zhou Yu. For Zhou Yu, this is just past the midfield. There are still a series of things waiting for Zhou Yu to do, to share the gradually growing cake with a knife, and it is still that
The biggest part of the cake.
After this time, although Shunyang survived, it was still greatly affected, not to mention those companies whose debts were much higher than Shunyang's. As more and more foreign capital entered, the major conglomerates'
The shares gradually fell into the hands of foreign investors, and even Shunyang found it difficult to avoid them.
Chapter completed!