[046]Starting the hunt 2.
President Jin held a document in his hand and shook it.
“Is this an accurate number? 2.37 trillion?”
The Hando Steel acquisition team gathered in the conference room at the headquarters looked into each other’s eyes for a very short time and then nodded.
“I am sure.”
When Vice Chairman Jin Young-ki answered as a representative, Chairman Jin checked the numbers once again and opened his mouth.
“If the value of Hando Steel is this much, Daehyun Group will definitely bid with this amount. And since Daehyeon already has accumulated know-how in steel, it is certain that he will get a better score than us. So how much should we write down?”
No one dares to open their mouth. The bid amount is proportional to the chairman’s will to eat Hando Steel. I know I have a strong will, but I can’t translate it into numbers.
It is clear that the president himself is difficult to convert, so how can he answer?
However, there are people who cannot avoid answering because of President Jin’s gaze.
“Director Jin Young-joon. what do you think about it?”
“1.8 trillion.”
Chairman Jin seemed a little surprised when the answer came without the slightest hesitation.
“why?”
“Because this amount is currently the maximum that our cruiser can offer.”
“Then Bona Mana Daehyun wins?”
“It is something that cannot be acquired through debt. The value of Hando Steel and our financial capacity are accurate. It shouldn’t turn into a fight over money.”
“It’s an open bidding, what do you fight for other than money?”
“I would like to emphasize that Sunyang is the company that creates the most synergistic effect when acquiring Hando Steel. Daehyeon already has a season, so the effect is insignificant.”
He spits out some pretty plausible words. And words are to be held accountable.
“Then, make a report on the synergy effect that General Manager Jin said about when we took over. So good that the judges were impressed. Give me a week.”
“…yes.”
It’s an answer without confidence, but it’s not a blind bath. Now that I’m over 30, I feel like I’m doing my part.
The chairman turned his head to the others.
“also? Is 1.8 trillion all? Any other opinions?”
“2.5 trillion.”
Hong Song-cheol, the president of construction, threw it without thinking. As everyone’s eyes turned to him, Chairman Jin also showed curiosity.
“The grounds?”
“In the eyes of the creditors, there is no difference between Daehyeon and Sunyang. The government no matter who gets it. I think it is unavoidable to have to spend a higher amount to avoid noise in fairness.”
The faces of Vice Chairman Jin Young-ki and Jin Young-joon turned red.
President Hong simply dismissed the contents he had painstakingly prepared as ‘no effect’.
“Where do you get the lack of money from?”
“There is an apartment site secured by Sunyang Construction. First of all, it is possible to borrow 700 billion won with the land as collateral.”
Half of the dangerous bridge has been crossed. Because money is ready.
“Then, with what money will you pay off the 700 billion won loan? You can’t just build and sell an apartment on land that has been spread out for loans, right?”
“I’ll clean that up in construction. Don’t worry, Mr. President.”
The corner of Jin’s mouth went up a little.
It was the most desirable answer.
Solve the problem at hand and skip the process. Even if there is something illegal or illegal, he takes responsibility alone, and the chairman does not spark.
The president doesn’t even have to lie that he doesn’t know anything about it. Because it’s true.
Also reliable
“President Hong seems to have a lot of money stolen from me. 700 billion is not even the dog’s name, but seeing him say it so confidently. haha.”
Except for the two, the meeting room became a sea of laughter.
Jin Young-gi and his son couldn’t help but laugh.
President Hong Song-cheol confirmed once again that he had no intention of standing on his side as vice-president.
* * *
“As expected, Daehyun thinks of 2.3 trillion.”
“It’s like Daehyun. A person who doesn’t cheat. Chairman Joo is…….”
Chairman Jin and Hak-jae Lee are gathering in the study and reviewing the letter of intent.
“By the way, Chairman, do you really intend to invest 2.5 trillion won?”
“why? Don’t you like it?”
“For a while, the group’s fund management is going to crumble.”
“Don’t be too intimidated. Because I have thoughts.”
Lee Hak-jae’s expression did not brighten, perhaps because President Jin’s relaxed attitude was sluggish.
“Now, what do you think of our Dojunie? Is there really no other way than money?”
I can’t satisfy the expectations in my grandfather’s eyes looking at me. Who knows what that sinister inside?
“Could you give me a hint? I really don’t know.”
When Chief Lee Hak-jae said what he wanted to say, my grandfather looked at us alternately and smiled.
“Even if you sell a tree, you want to sell it to someone who will grow it well, but not to someone who will chop it up and sell it for firewood.”
Both Lee Hak-jae and I widened our eyes.
“President. Do you think Daehyun will resell Hando Steel?”
“What does it matter what Chairman Dae Hyun-joo thinks? Only those who grow and sell trees should think that way. is not it?”
“aha.”
Only then did Lee Hak-jae know about Chairman Jin’s plan. This was the reason why I had to arrange a meal with the judges.
“Do-joon. Was this enough of a hint?”
“yes. If Dae-hyeon takes over, he builds and sells apartments on the land owned by Hando Steel and sells the steel mill equipment to foreign countries. Hando Steel disappears without a trace. However, Sunyang, which is entering the steel industry for the first time, is doing its best to normalize Hando Steel. Isn’t this?”
“yes. You gave me too many hints.”
Will this method work?
Daehyun also had a strong personal network. Even if their purpose is to resell, there will be plenty of people to support them.
“Then, how much do you think grandpa will pay for the acquisition?”
“me? 1 trillion won plus 1 billion dollars. I want to spend more, but I have no money. haha.”
“Chairman of the meeting. The difference is too great. 500 billion…!”
Lee Hak-jae became contemplative, but his grandfather did not lose his composure.
“Sprinkle rice cakes well. I do my fishing.”
The best tool to spread rice cakes widely is the media. Newspapers and broadcasters put pressure on the judges, arguing that the steel industry, the rice of industry, must be saved.
But……. Oh,
my petty old man. A difference of 500 billion is a bit dangerous…
Seeing my hardened face, my grandfather smiled slightly.
“Do-joon. Keep your eyes open and watch what this old lady is doing. Watch how I use the civil servants I’ve raised over the past few decades.”
can’t just watch The Sunyang group must win. So, you have to split the belly of the piggy bank that you have been collecting. It’s better if you overdo it and go into debt.
It is because the dollar I have will shine even more when I have to face the tsunami of the foreign exchange crisis when cash liquidity is long.
“Do-joon, go away. Is the entrance ceremony tomorrow?”
“Ah yes.”
“I put a phone call with the president and the dean. Sometimes go to school and buy a glass of soju for those who want to become. Make it to help you whenever you are in trouble.”
“yes. grandfather.”
“There’s someone waiting outside to run your little errands. I chose him as a smart guy, so he should be useful.”
already? I was a little surprised, but I have to accept it as natural. In the future, we will need a lot of people who can move like limbs.
“Thank you. grandfather.”
When I came out of the study, a young man bowed his head and politely held out his business card.
“This is Kim Yoon-seok, the deputy manager of the Group Strategy Office. i look forward to.”
“yes. hello. What year is it?”
“yes? Ah, it’s the fourth year.”
If I had to endure for 4 years, I would have endured quite a bit. It’s one of the two, either being patient or living without thinking.
“Are you going home?”
Assistant Manager Kim ran to the mid-size car standing at the front door and opened the back door.
I hesitated for a moment, but I just climbed into the back seat.
I still don’t know who Kim Yun-seok is. It’s time to act naturally. Not yet.
“Chief Kim.”
“yes.”
As the car pulled into town, I was the first to speak.
“Who assigned the substitute? Are you the vice president?”
“no. This is Director Lee Hak-jae.”
Director Lee…….
“Who do I submit the report to? Strategy leader? Or…”
He glanced at me through the room mirror as if somewhat surprised by my question.
“Wouldn’t you like to report every single thing I do? Everyone knows this, so why are you so surprised?”
“Sorry. It’s the first time I’ve asked such a question…”
“Who was in charge before?”
“I was in charge of the guest house. It’s the first time I’ve hosted the president’s family.”
Assistant Manager Kim, who had been peering at me through the room mirror, cautiously opened her mouth.
“There was a word from Lee to report directly. Is there anything I should be wary of?”
sleep fast I’m going to report everything anyway, but that one question caught me off guard.
“no. Report truthfully. I am Assistant Manager Kim’s job, but since Chief Lee is your superior, you have to follow his boss.”
I looked at my face once more to see if my answer was surprising. If you look at the author’s choice, you will know what kind of man he is.
When I got home, he gave me my cell phone number.
“The school will use public transportation, so you don’t have to come every day. I will contact you if there is anything.”
I pretended not to see the embarrassed manager Kim and entered the house. You still have to keep your distance.
***
“Uncle. Shall we also jump into the takeover of Hando Steel?”
“Arthur. It is not the water we play in.”
Oh Se-hyeon didn’t even look at it as if it wasn’t worth mentioning.
“Don’t cut too much like a knife. I’m not done talking yet.”
“Are you going to take over and run it? it’s not I have to tear it up and sell it anyway, but I don’t have time. I will be bidding soon, but it will take a year to find a place to resell it. Of course, there is no guarantee that it will be sold again.”
“Your uncle is right. I mean, I want to heat up the takeover battle a little bit.”
Then he met my eyes and took off his glasses.
“What are you up to again? Isn’t it already a confrontation between Sunyang and Daehyeon?”
“I want to help my grandfather a little. I want Sunyang to eat Hando season.”
Oh Se-hyun took a short breath and shrugged.
“Since the shareholders want it, the salaried president has no choice but to follow. What do you want to do?”
“First, you need to submit a letter of intent for acquisition and tell us what a corporate hunter is. To make them consider it an act of treason to break down a company and sell it to a foreign country.”
“Is that helpful to the cruiser group?”
“yes. It’s my grandfather’s strategy.”
“How much is the acquisition amount?”
“Two and a half trillion.”
“Do you think that will be the best price?”
I’m not surprised because I know he has no intention of acquiring it anyway.
“Just in case you don’t know, I’ll set the condition of paying off the entire debt. That way, we won’t suddenly become the takeover. If it goes wrong, all your money is put in here. Hehe.”
* * *
『Miracle Investment, an American investment capital, has jumped into the acquisition of Hando Steel. It is showing strong confidence by revealing the acquisition amount of 2.5 trillion won. Let’s listen to what Se-Hyeon Oh, CEO of Miracle Investment said.”
“…Many companies appear and disappear. Hando Steel is just one of them. There is no obligation to keep forever. We have identified the exact value of Hando Steel and are confident in acquiring it.”
“If you are selected as the acquirer, what do you plan to do with Hando Steel?”
“We are investors, not managers. The steel mill will be handed over to the desired company and the company’s land will be sold back to the construction company.”
“Does that sound like speculative capital?”
“I am embarrassed to say speculation. What is important is that the bank, the creditor of Hanwha Steel, must select the bidder with the highest price. We need to reduce bad debt. Aren’t banks at a stage where they could be at risk too?”
Chairman Jin, who was watching TV, threw the remote control and shouted.
“Get that bastard right now. How dare you use a spoon on the table I set for you!”
Director Lee Hak-jae hurriedly ran to Yeouido.
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