God of Corporate Hunting - Chapter 202



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◈ Episode 202 Public Offering (2)

Han Hye-rin explained Petanos to the point where her mouth was worn out.

Listening to her, she was like the Apple or Microsoft of the medical world.

“……So, we can say that Global Top Fund has already secured its success. What about Byglobal Fund? If it loses the competition and disbands…… won’t your rice bowl disappear?”

Jeong Seon-yeong shouted at Han Hye-rin, who was complaining.

“What dissolution! We put so much effort into managing this fund!”

However, Jeong Seon-yeong could not systematically refute it other than by raising her voice, because she did not know Petanos well.

Meanwhile, the department store opened and the people in line started to enter one by one.

Han Hye-rin looked at her with pity and said.

“I’ll go. You stand at the back of the line. Maybe you’ll get in if you’re lucky.”

Jeong Seon-yeong looked at the long line. Suddenly, her motivation waned. She wanted to go home, even with her luxury bag. Or go to work.

Still, since she was in a department store, she decided to give up on the luxury brands and go inside to look around other stores.

Except for the line at the entrance to the luxury brand store, other places were deserted.

It was the moment when Jeong Seon-yeong, who had waved to Han Hye-rin for the last time, was about to quicken her pace.

“Oh my! Ms. Jeong Seon-yeong?”

Jeong Seon-yeong raised her head at the sound of her name being called.

She was a woman I had seen a few times, although I didn’t see her often. I think she was Nam Woon-myung’s friend…

“yes?”

“What are you doing here?

It was only then that I remembered. Choi Da-eun.

I saw it when the HY Emerald brand chain was being worked on, but wasn’t it an employee of Hwayoung Hotel?

“Ah! I took a vacation from work after a long time and came to check out a luxury brand store.”

Jeong Seon-yeong sighed, pointing at the long line.

“Oh! Right! I heard from Director Nam Woon-myung. He said he gave bonuses to his employees to buy luxury goods. So what do you want?”

“Hermes……. But I think I should give up.”

“Giving up is something you only use when counting cabbages. Mega employees don’t give up, right?”

“yes?”

“Follow me.”

Choi Da-eun grabbed the bewildered Jeong Seon-yeong and rushed into the Hermes store. The employee at the entrance greeted the two of them warmly.

Han Hye-rin’s mouth fell open as she waited in line.

Choi Da-eun called the Hermes store employee.

“This person is a VIP, so please explain.”

Choi Da-eun, who guided the staff, smiled and spoke to Jeong Seon-yeong.

“After you look around the store, come have coffee with me. I’ll take care of something urgent and come back when I’m done.”

The staff member greeted Jeong Seon-yeong, who still hadn’t come to her senses, with a bright smile.

“Thank you for visiting Hermes.”

Han Hye-rin’s shoulders slumped as she stood in line at the entrance.

“What? I’ve been waiting for two hours…….”

* * *

Ahead of the extraordinary general meeting of shareholders, as the stock price of Bukseong Construction soars, Hyun Jae-seop has issued a public offering notice.

10% stake, purchase price 68,000 won.

It is currently fluctuating around 60,000 won, so it means that you will buy at a price that is 10% higher.

This was tantamount to officially confirming the internal strife within the owner family of the Bukseong Group, which had only been rumored.

On the one hand, it also meant that the stake held by President Hyeon-seop Hyun was equal to that of the opposition party’s Hyeon-eun Yeonhap Army.

The Bukseong Construction shareholders’ bulletin board was abuzz with all sorts of predictions.

“There’s a fire at Bukseong Construction!”

“Is it possible that the leader of the Bukseong Group has changed?”

“There is currently no leader. The chairman has not yet taken office.”

“Aren’t there any buyers responding to the buy announcement? This stock is going to fly high.”

“If the stock price is below 68,000 won, it’s definitely a gain. If it’s above that, it’s a loss?”

“My brother and sister are fighting. The whole house is a mess!”

When the public offering announcement was made, the stock price approached the lower 68,000 won level. This is a natural phenomenon. You can buy stocks below that and sell them to Hyun-Seop.

Nam Woon-myung, Kim Seon-jin, and Yoon Se-bin gathered in the president’s office of Korea Investment & Securities to discuss countermeasures. Recently, as the stock price of Bukseong Construction fluctuated rapidly, they also met once a day. Of course, most of the time, they ended up chatting over coffee.

The recent situation meant that they were a group of flower lovers without any burden.

Yoon Se-bin revealed her overall impressions.

“Hyun-Seop Hyeon himself revealed that his stake is not at a level that can be trusted.”

“Since the number of shares being offered for public offering is 10% of the total, it is likely to be the final consolidation.”

“It seems like Eun-i is having a hard time right now.”

“According to Director Lee Myeong-su’s calculations, Ms. Joo Do-hee’s stake is surprisingly large. The Bukseong Cultural Foundation’s stake is also considerable.”

Everyone agreed with Nam Woon-myung’s answer.

Either way, it was none of their business. They just watched the bloody battle between the two sides and reaped the benefits.

“Thanks to you, I made a lot of profit from the Bukseong Construction stocks I had.”

The stocks purchased by Mega Asset Management and Korea Asset Management are recording valuation gains. Of course, the amount is not large.

Kim Seon-jin asked for opinions.

“How do you think things will unfold in the future?”

“It may seem like nothing, but in reality, Bukseong Construction involves the control of a huge group called Bukseong Group. It’s not something that is worth a few pennies.”

Yun Se-bin also agreed with Nam Woon-myung’s answer.

“That’s right. In fact, Bukseong Construction controls the shares of a group with a market capitalization of 100 trillion won. If you look at it that way, Bukseong Construction is currently ridiculously undervalued.”

“This year’s net profit is quite bleak.”

Kim Seon-jin shook his head.

They predicted that Bukseong Construction’s stock price would soar for the time being.

If that’s the case, then we should buy more. Not because of profit, but to put more pressure on Hyun-Seop.

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“The stock price needs to be raised higher than the announced purchase price. If the public offering fails, Hyeonseop will have no choice but to declare an additional public offering.”

As soon as Nam Woon-myung made his decision, Kim Seon-jin checked the information that had just arrived on his cell phone.

“I got a call from Korea Bank. Hyunjae Seop is requesting an additional credit loan.”

This was also as expected.

Hyunseop was pouring all his resources into responding to the Allied Forces.

“Let’s see how long Hyun-Seop can hold out.”

Nam Yun-myeong laid out the plan in detail.

Thanks to Abu Dhabi’s investment capital, you will never be left behind in funds.

The fair price of Bukseong Construction was in the 40,000 won range until a month ago. It is currently in the upper 60,000 won range.

In order to defend the North Star, Hyun-Seop must buy stocks no matter what the price is. He cannot sell the stocks he has bought until the other side completely surrenders. It is a real chicken game.

The public offering date has arrived and the stock price has surpassed 70,000 won.

This is thanks to Mega Asset Management and Korea Asset Management pushing up the stock price from behind.

Because the stock price exceeded the public offering price, very few institutions or the general public responded to the public offering.

This meant that the two sides continued to walk parallel lines and engage in a fierce power struggle.

Meanwhile, the date of the extraordinary general shareholders’ meeting was approaching.

* * *

“shit!”

Hyunjae Seop slammed his fist on the desk.

It was the first time Kim Hak-yong had seen Hyun Jae-seop so angry.

It’s not that I don’t know what he’s thinking.

Although he was overshadowed by Chairman Hyun Man-heum, Hyun Jae-seop was the real decision maker of the Bukseong Group.

He was never subject to external pressure and was always in a position to exert pressure. He could do whatever he wanted.

It used to be like that, but now the thread has strangely become tangled.

It was expected that the stock dispute could be resolved through a public offering. At least Hyun-Seop had hidden funds and was able to borrow money from a bank. However, Joo-Hee Joo and Hyun-Eun Hyun, who were identified by Kim Hak-Yong, the head of the Future General Headquarters, did not have the ability to do so.

So, it was expected to be easily achieved, but the stock price rose sharply because investors noticed this.

As a result, the public offering operation failed.

“Chief Kim, what should we do now?”

“We need to buy more stocks at all costs. It is still difficult to guarantee victory.”

“How much should I buy?”

“As I said, to be safe, you need to add 10%.”

“Damn! It costs so much money!”

That doesn’t mean I can’t buy it.

The problem is that if you keep collecting stocks in the market, the stock price will skyrocket. However, it is not easy to do another public offering that has failed once.

Hyun-Seop Hyun bit his lips tightly and expressed his anger.

“It’s also difficult to buy stocks due to rising stock prices. How should we handle it?”

As the two men put their heads together and finished planning their strategy, the phone rang.

“Who is it?”

[I am Bae Jong-wan of Daehanjoseon.]

“Oh! Old man! Are you well? What’s wrong?”

The Bukseong Group and the Daehan Chosun Group are relatives by marriage, and Chairman Bae Jong-wan is the same age as Chairman Hyun Man-heum. Naturally, Hyun Jae-seop was very polite.

[I know you’re busy, but I just want to ask you one thing.]

“Please speak.”

[Bukseong Machinery asked us for financial support. They need to invest in equipment, but they don’t have enough funds? The amount is 500 billion won. Our granddaughter-in-law requested it… … Should we do this?]

At that moment, Hyunjae Seop almost swore.

Although the Bukseong Group and Daehan Chosun Group are relatives, they are not close. There has been almost no exchange of money up until now. Except for the last time when Daehan Chosun helped increase the capital of Bukseong Securities.

But why are you suddenly lending me money at this time?

“Did Aram request it?”

[I guess so. Joo-kwang strongly urged me to prepare it. But 500 billion is not someone’s child’s name, right?]

“You must never lend me that!”

[It’s not easy. If you keep a distance from your grandchildren and daughter-in-law, you’ll be tired in your later years. And as you know, Joo-kwang has a tight grip on the finances of Daehan Heavy Industries.]

“That, that…….”

[Anyway, just know that. I’ll try to stop it, but… ]

The phone call was disconnected.

Hyunjae Seop was burning with anger.

“Ha! What the hell! This old man! He knows everything and he’s still setting the fire!”

“Are you really going to lend me 500 billion won?”

Kim Hak-yong was equally embarrassed.

“I don’t know. But did Aram really make up his mind? What’s the atmosphere like at Bukseong Foods? Is he going around there looking for money right now?”

“Up to there…….”

“Find out quickly. If they borrow 500 billion, we have to borrow 1 trillion and spread it out! We have to push for a public offering again! Hurry up and run!”

The screams of Hyun-Seop, who had lost his mind, continued to echo.

I can never give up the position of CEO of Bukseong Group.

* * *

At that time, Bae Joo-hyun was having lunch with Chairman Bae Jong-wan at a high-end Korean restaurant.

It is a place where the cool sea spreads out like a painting outside the window.

Spending time with Bae Jong-wan after a long time made Bae Joo-hyun satisfied. This meant that her grandfather was definitely on her side.

On the table were spread out newspapers that Bae Jong-wan had brought.

“Daehan Hydrogen Engineering! Green Hydrogen Business Agreement with the United Arab Emirates! Investing 20 billion dollars over the next 10 years to build hydrogen energy infrastructure.”

“Daehan Hydrogen Engineering, famous for developing autonomous ship navigation systems, has signed an MOU to build a hydrogen plant in the UAE.

This is a large-scale project that has been made possible through behind-the-scenes contact since Ashur’s last visit to Korea. This project is very significant in that it has certified the advanced hydrogen technology of Daehan Hydrogen Engineering. With this, Daehan Hydrogen Engineering has been able to start building a hydrogen infrastructure complex to support the hydrogen fuel cell business that it has been developing as its main focus, and in addition… … .

“Daehan Marine Co., Ltd.’s major shareholder, Bae Joo-hyun! Emerges as a new generation management icon! Will he establish himself as the successor to the Daehan Shipbuilding Group?”

News about Daehan Hydrogen Engineering was all over one page.

“I called as you said. But what kind of conspiracy is this?”

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