Rebirth I Am a Chaebol In Korea

When Xu Qingpei returned home, he asked his secretary to contact the members of the council temporarily. He will hold the council at eight o'clock tomorrow morning.

In the early morning of May 28, Zhou Mi, who was released from the Central District Procuratorate, stayed in a nearby hotel and was guarded by two policemen.

Yongsan District, Seoul

In the Amore Pacific Group building, at 7:30 in the morning, Xu Qingpei entered the meeting room, and other family members, Xu Minjing, Xin Yunjing and others walked in with him.

As soon as eight o'clock came, all members of the council were present.

"I invite everyone here today to discuss the cooperation between our club and Five Star Group."

As soon as this remark came out, everyone except the Xu family started talking about it.

"Didn't Minister Xu break up with Zhou Wenhai?"

Someone whispered.

"Yeah, why do you suddenly want to cooperate with Five Star Group again?"

"Is it still because of Sulwhasoo?"

Xu Qingpei cleared his throat, "Everyone, please be quiet, and I will talk about the specific cooperation matters."

The members of the council below all fell silent and waited for Xu Qingpei to speak.

"Five Star Group will sell 10% of their five-star food club and five-star construction club to our club. They also promised to send our products to Huaguo for sale without charging any service fees."

Speaking of this, Xu Qingpei glanced at every member of the council, and everyone had puzzled expressions on their faces.

"Equivalently, our club will transfer Sulwhasoo to Five Star Group at a price of 150 billion won."

Sure enough, the members of the council below all exploded.

"Chairman Xu, I strongly disagree with this. Last year, our Sulwhasoo's sales were close to one trillion won, which was one-third of the total sales of all products. I would be the first to disagree with the transfer of Sulwhasoo to the Five Star Group. .”

A fat old man in his fifties stood up and objected.

"I don't agree either."

Successively, several minority shareholders stood up to oppose Xu Qingpei's decision.

"Director Kim, have you thought about a question?" Xu Minjing defended her father, "Our sales last year were more than 3.2 trillion won, but more than 1.3 trillion won came from Yu Huaguo, if calculated based on the 20% service fee charged by the Five Star Group, then we will give them more than 260 billion won for no reason."

"Why are there so many service fees? Our profit is only more than 600 billion won. How can we pay so much service fees?"

The gold director asked puzzledly.

"Because the service fee charged by Five Star Group is not based on 20% of our profits, but 20% of sales."

Xu Minjing explained again.

"That's a big deal if we don't enter the Huaguo market in a short time, I don't believe that the Huaguo market will not be open to us in three to five years."

Another director in his thirties said angrily.

"In three to five years? At that time, the Huaguo market will already be occupied by cosmetics brands produced by LG Health and other countries. Our advantage will not be great."

Xu Minjing retorted.

Xu Qingpei couldn't help shaking his head. What these people didn't know was that if they didn't agree to Zhou Wenhai this time, the cosmetics products under his company might completely withdraw from the Huaguo market.

"President Xu, last time you asked us to agree to transfer Sulwhasoo to Zhou Wenhai because Minister Xu and him had reached the point of discussing marriage, but in the end you suddenly broke off with this kid, why? Are you going to do it now? Have you become a family?"

Director Jin sarcastically said.

"Ah, Director Jin, please be careful what you say, I don't want to talk nonsense, everyone, let's vote with a show of hands."

Xu Qingpei was the first to raise his hand in agreement, followed by Xu Minjing, Xin Yunjing and others.

"The big shares are in the hands of the Xu family, and the representatives of those clubs don't object. Forget it, let's raise our hands too."

Someone persuaded Director Jin that they are all individual shareholders, and the total shares they occupy are less than 5%.

The final result of the vote was that more than 90% of the directors agreed, and it was announced that the board of directors approved the proposal to transfer Sulwhasoo to Five Star Group.

Seocho-gu, Seoul

In the evening, Zhou Wenhai came to the Central District Prosecutor's Office. He asked Minister Huang to release Zhou Mi and Xu Guangpei, and handed over all the evidence that the prosecution had found in the past few days to him for disposal.

"President, why?"

Minister Huang asked in bewilderment.

"Minister Huang, I've got what I want, so that's it."

Just before Zhou Wenhai came to the Central District Prosecutor's Office, he and Xu Qingpei had already initialed the contract, and the formal contract would be signed at the press conference three days later.

Three hours later, Zhou Mi and Xu Guangpei were acquitted, and Li Xiuman thanked Zhou Wenhai repeatedly on the phone.

"It's nothing, President Li, don't forget our agreement."

"Yes, I will send the best music production team to the Milkshake Entertainment Club tomorrow."

Li Xiuman said with a smile.

Thursday, June 1

Yangcheon District, Seoul, SBS Broadcasting Center, Five Star Group and Amore Pacific Group held a press conference here. Xu Qingpei officially announced to the outside world that Amore Pacific Group will transfer its cosmetics brand Sulwhasoo to Five Star at a price of 150 billion won. group.

Zhou Wenhai also announced that Amorepacific Group will hold 10% of the shares of the five-star food club and five-star construction club under the five-star group.

The two signed a formal contract in front of the reporters, and the host asked Zhou Wenhai and Xu Qingpei to shake hands and take a group photo.

"Two presidents, please smile in front of the camera."

suggested the reporter who photographed them.

Zhou Wenhai smiled from the bottom of his heart, while Xu Qingpei's smile was somewhat forced.

【Ding! Congratulations to the host assets reaching 2,500 billion won, and receiving system rewards, 250 billion won]

One Sulwhasoo added one trillion won to Zhou Wenhai's assets, and he smiled even brighter when facing the camera.

"Congratulations, my lord."

The other senior executives of the five-star group present were also very happy, and they congratulated Zhou Wenhai one after another.

In the next few days, Five Star Group and Amore Pacific Group have been handling the handover of Sulwhasoo. Zhou Wenhai first bought the remaining Sulwhasoo inventory of Amore Pacific Group at a price of 13 billion won, and then he bought it for 67.1 billion. Amorepacific Group's Sulwhasoo production plant in Ansan City was purchased at a price of Korean won.

At first, Zhou Wenhai originally planned to include Sulwhasoo under the name of Five Star Life Club, but considering Xu Junji holds 30% of the shares of Five Star Life Club, Zhou Wenhai dismissed this idea.

Although he could take this opportunity to take back part of the shares from Xu Junji, he didn't want to create a quarrel with Xu Junji because of this.

Zhou Wenhai established a new department in the Five Star Group that is responsible for the production, sales and operation of the Sulwhasoo factory, and named it the Sulwhasoo Headquarters.