[299]My heart I didn’t know about 1
Vice Chairman Jin Young-ki smiled, wondering what was so good about it.
“Come on, let’s finish this quickly and have a drink. Since we are not strangers, shouldn’t we just make concessions little by little? Chairman Lee, whom his father trusted the most, his grandson whom he cherished dearly, and me, his eldest son. Actually, it would have been nice to work together… .”
Those words are clearly sincere.
However, Chairman Lee Hak-jae should still be a secretary who takes care of the dirty work like he did for his grandfather, and his smart nephew should have been a personal fund manager who diligently increases his personal wealth.
“I’m sorry, but I never imagined working together.”
Chairman Lee Hak-jae laughed, but his uncle’s smile disappeared in an instant.
“Do you really have to say it that way?”
Sparks flew in the eyes of the two people looking at each other.
I don’t know if Chairman Lee said this to irritate my uncle or if he was sincere, but I can hear a squeak from the beginning.
“Let’s stop. “Let’s quickly state the terms and end the discussion.”
Chairman Lee ignored his uncle’s gaze. When you get excited, you don’t want to give up even the smallest conditions.
“hmm… . Well, let’s finish it quickly. How much do you want?”
The prices of electronics and industrial products stocks held by the construction and heavy industry affiliates are much higher than those of construction and heavy industry stocks held by the electronics and service affiliates.
My uncle first asked about the difference between the values of the two stocks. As long as you agree on this difference, the transaction is easily completed.
“Let’s start from twice the current market price.”
“what?”
“Shunyang Electronics’ stock price continues to rise… . On the other hand, construction stocks continue to decline.”
Sunyang Construction and Heavy Industries with a stock price of 10,000 won.
Sunyang Electronics, whose stock price is close to 1 million won. The transaction price is already 100 times the difference. Twice this is 200 times.
Vice Chairman Jin Young-ki will have no choice but to gape as they are asking him to give up 200 construction shares in exchange for one electronics stock.
The figure of 10,000 won also increased slightly as it became known that Sunyang Construction was in a state of control. However, the overall decline in construction stocks continues.
“What are we going to do now? Is this a plan to gain a share through a stock exchange? Isn’t our goal to get each other’s shares back? Twice the trading price? That’s what I mean… !”
“Isn’t it natural for the CEOs of our companies, which are the sign of the market economy, to set their standards on market prices? “If you don’t like this, let’s tell the vice president what ratio you want.”
“Chairman Lee. First, let’s exchange all the stocks, and I’ll give you additional money. Just tell me the amount. “Don’t say nonsense like 200 times more.”
“I would have told you that 200 times is a start, right?”
“what?”
“Construction stocks flashed for a while and then fell again. Miracle’s forecast is said to remain in the 5,000 won range for the time being.”
Chairman Lee Hak-jae furrowed his brow as if he was frustrated with Vice Chairman Jin Young-ki, who had not yet noticed his intentions.
“The less I am in a hurry to exchange shares, the better the exchange rate is for me. So, this is the beginning.”
We know each other’s stocks well.
Vice Chairman Jin Young-ki calculated how much additional money he would have to pay. And it was a difficult amount to cover, so it was blocked.
We are moving from feature phones to smartphones. An astronomical amount of investment is being made to adapt production plants not only in Korea but also around the world to the smartphone era. The group’s reserve funds are not very large.
Chairman Hakjae Lee used the most common and best method to nullify the deal.
The money is not right.
No matter how good the other conditions are, if the money isn’t right, the deal won’t go through. Negotiation is a process of agreeing money, and a contract is concluded when the amount is mutually acceptable.
“Vice Chairman. No matter how important it is to own your own company’s stock, the money has to be right. I’m not asking for more. The idea is to match the market price… . “If you show reluctance, doesn’t that mean we shouldn’t do business with you?”
Chairman Hakjae Lee turned his gaze to me. It means telling me my opinion.
“Honestly, I have no interest in Sunyang Construction and Heavy Industries stocks.”
When I expressed a negative opinion, my uncle’s expression became even more distorted.
“I already bought a lot of stocks of Sunyang Construction and Sunyang Heavy Industries. “Hehe.”
“what?”
Two people looked at me at the same time.
“Why wouldn’t you buy stocks that are hitting bottom? “I’ll see you for a year.”
“A year?”
My uncle asked.
“Wouldn’t things get back to normal in about a year? Then the previous price of 30,000 won will be well over. Investments that earn five to six times a year are not that common. “I also bought quite a lot of Sunyang Securities.”
The problem with institutional investment is performance. They couldn’t even think about making long-term investments because they always had to show results even in the short term, but when I, the owner, told them not to get hung up on short-term performance, they also started making stable long-term investments.
“One more thing, I don’t regret the stocks of Sunyang Financial Group that you two own.”
The uncle, who realized that the deal between the three of them was already broken, bit his lip.
“The ants who hold even one share of Sunyang Financial Group already support me. They are not stupid enough to kick out Korea’s young investment genius. When I took charge of a financial group, the stock price more than tripled. “As long as the ants support me, the friendly stake will be no problem in defending management rights.”
After looking around at the two people, I put off my responsibility.
“There is no need for me to step forward if you two do not agree. You two agree and we meet again. However, we will not offer stocks at market prices. “I want a premium that includes the benefits of a long-term investment.”
The plate was broken. There is only one person who is disappointed, so even if all three put their heads together, no conclusion can be reached.
“You two, please talk. “I guess I need some time.”
I got out first before my uncle caught me and told me a long story.
* * *
When Chairman Lee Hak-jae entered the conference room, dozens of people jumped up.
When Chairman Lee walked to the head table and sat down on the chair, the people sat back down carefully so as not to make any noise.
Chairman Lee looked around at the people and was silent for a while as he felt new.
The people gathered here bowed their heads to themselves for a while. However, their eyes were always directed at Chairman Jin Yang-cheol behind them. Today is different. Their eyes were only directed at themselves.
“It’s been a while since I saw many happy faces.”
The word ‘nice to meet you’ was very ambiguous.
The meaning was different for each person, whether it was joy or joy.
“First of all, thank you for your active cooperation in the acquisition process. And I don’t plan on giving up the name Sunyang for the time being. But other than the name, a lot will be different.”
The people in the conference room were happy to keep the name, but they were not happy to hear that it was changing.
First of all, it means that people start to change. This refers to personnel replacement.
“First, we will review all subsidiaries from scratch. “We will liquidate all subsidiaries that were only siphoning money without their exact role, and if any corruption is revealed in the process, we will file criminal charges against them all.”
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Some people were already seen with pale complexions.
“The same goes for the parent company, and the audit team will thoroughly expose those who contributed to the company’s insolvency. Additionally, a person who is incompetent but is given an excessive position in return for being loyal to the owner’s family will be asked to vacate the desk immediately.”
This means that Vice Chairman Jin Jin-gi’s entourage will be sorted out first, so many executives will take off their clothes.
“I am the chairman of HW Group, but I do not own a single share of HW Group stock. A complete professional manager. Now you will too. “Once the group personnel appointments are completed, the company will be evaluated solely based on performance, including sales, profits, and stock prices, and there will be no need to visit this building again to receive full work instructions.”
The conference room of the Sunyang office building was filled with joy, disappointment, fear, and excitement. The emotions of those being kicked out and those who would take their places were mixed.
While Chairman Hak-jae Lee was playing occupying army in the conference room, the son of the king who had been kicked out was sitting in my room with an anxious face.
“You had a hard time, right? “How many days were you in the detention center?”
“It hasn’t been long. “The investigation continued.”
“You said it was a suspended indictment?”
“okay. “It was concluded that way because my father surrendered to the creditors.”
Jin Taejun seemed to have already accepted reality. He is not angry with me and does not show anger.
“I guess you heard everything from your uncle?”
“huh. “I also knew your true self.”
If he knew, he should have shown at least a look of respect, but perhaps because his father lost his company, all he can see is a soulless look in his eyes.
“Then tell me what your older brother thinks, not your uncle’s thoughts and plans. “I will do whatever you want.”
“Are you serious about the promise you made to my father?”
“You mean to keep your brother’s position? huh. I’m serious.”
“Without any conditions?”
“no. there is.”
Jin Taejun’s lifeless eyes changed.
“All business reports will be made only to me and Chairman Lee Hak-jae.”
“That means my father should keep quiet about anything related to the company.”
“Isn’t it obvious?”
“and?”
“The most important thing. Do your job well. You’ll have to do very well. I have high eyesight. “If you think that you are exceeding your capabilities, you will be dismissed at that moment.”
“Is there anything else?”
“I don’t have any. But Chairman Lee Hak-jae might be there.”
He is no longer the third generation of a chaebol. Being the cousin of a chaebol is a privilege he has.
A position that would otherwise take an ordinary person an enormous amount of time and effort was easily obtained. But the way to protect it is the same. You must demonstrate the ability to fit the position.
A cold-hearted evaluation without favoritism. It’s something Jin Tae-jun has never experienced, but now being judged by others will become a daily routine.
He stood up stiffly and opened his mouth.
“I need to meet Chairman Hak-jae Lee first.”
“Let me know after the interview.”
“okay.”
I called him as he was about to go out.
“Taejun hyung.”
He turned around slowly.
“From now on, you will have to say things you have never said before. Just like normal people. If you can’t think of those words, you can just watch Chairman Lee’s interview. It will never pass.”
I stood still for a while, probably surprised by the unexpected words.
He wasn’t a bad person. He grinned, remembering something he had forgotten his whole life.
“thank you. Dojun. For giving me a chance… .”
At that level, it would be enough to stop people from saying I can’t do my job.
* * *
“How is it? “What about Taejun?”
“Are you calm? “I never cared about him because he was a normal guy who didn’t get into accidents and grew up normally.”
“Can I entrust you with the work?”
“Honestly, there are countless people like that. “Is there any special reason other than taking care of you because it’s blood?”
“I will grant it as it is my second uncle’s request, but if the Chairman is unwilling, I will take him with me. “There are plenty of positions at the same level as financial directors.”
“no. Since I haven’t done anything wrong, I have to keep my promise. “Let’s wait and see.”
Chairman Lee also seemed to have no intention of being too cold-hearted while thinking of Vice Chairman Jin Dong-gi.
“But Dojun.”
“yes.”
He suddenly lowered his voice and looked at my expression.
“There is a company that holds 2.8% of Sunyang Corporation’s stock. I contacted… . how is it?”
“Do you need to ask? You should definitely buy it. “Where are you?”
“It’s Korea Land Trust.”
Korea Land Trust is a subsidiary specializing in comprehensive real estate investment and finance business of Korea Land and Housing Corporation under the Ministry of Land, Infrastructure and Transport. However, since this administration came into power, privatization is accelerating by transferring shares owned by the Korea National Housing Corporation to the private sector.
“They have a close relationship with domestic apartment construction, so they may be trying to maintain a good relationship with us.”
HW became number one in the construction industry by acquiring Sunyang and Daehyun. It is natural for Korea Land Trust to react like that.
“But he wanted to meet you over there.”
huh? Why me? Construction is not my area?
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