God of Corporate Hunting - Chapter 203
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◈ Episode 203 Public Offering (3)
The smile never left Chairman Bae Jong-wan’s mouth. He looked deeply moved, wondering when the troublemaker had grown up so quickly.
Bae Jong-wan just called President Hyeon-seop Hyeon.
Of course, Bae Jong-wan had no reason to lend 500 billion won, and Bae Joo-kwang had never officially requested it.
It was all Bae Joo-hyun’s doing. Of course, the idea was Nam Woon-myung’s.
“It was a request from Korea Asset Management.”
“It must be Mega Asset Management. That guy, Yoon Se-bin, doesn’t plan such sinister schemes.”
Bae Joo-hyun felt relieved at the sight of Bae Jong-wan’s gaze that saw through everything.
But now, I am not as afraid of my father or grandfather as I used to be. It is because of his accomplishments and I am confident that I can stand on my own two feet.
“Isn’t the stock price of Bukseong Construction fluctuating right now? There is a war going on within the Bukseong Group.”
“I know. Kids these days are scary.”
Bae Jong-wan stared intently at Bae Joo-hyun.
“So what do you think? Aren’t you fighting with your brother too?”
“ah!”
Bae Joo-hyun, who was hit hard, laughed it off leisurely.
“In the past…… I wished that my brother would leave a little bit for me. But now……”
Bae Joo-hyun was careful with her words.
It wasn’t Bae Jong-wan who didn’t know what was going on.
“Yes, brothers, don’t fight. Our enemies are outside, no, they are scattered all over the world. If you earn a lot, take care of your brother too. Inheriting a lot doesn’t make you more successful.”
Bae Joo-hyun smiled quietly.
If it were before, I would not have sympathized at all. But now it is different. After meeting Nam Woon-myung, I have learned the joy of achievement. I have worked hard and devoted myself to business, and my position has expanded as much as I have worked hard. I believe that one day it will come back to me as a great asset.
“If you ask me to help you, I will help you.”
He knows that Nam Woon-myung is pushing Hyun A-ram. Hyun A-ram is Bae Ju-gwang’s wife. At first, he didn’t understand helping the enemy, but now he knows. Helping Hyun A-ram isn’t necessarily disadvantageous to him.
I realized this when I acquired Bukseong Securities.
“Yes, I thought about it well. Sweat never betrays you. Where are you going on a business trip now?”
“I’ve been to Abu Dhabi, so I’ll be going to Silicon Valley soon.”
“Why there?”
“The hydrogen fuel cell business is about to blossom. There is work to be done there with Nam Isa-rang.”
“Haha, right. You said Nam Woon-myeong? He really was a peculiar guy.”
Bae Jong-wan, who was thinking of Nam Un-myeong, turned his gaze to the distant horizon.
Bae Joo-hyun knows. When Bae Jong-wan has something to think about, he quietly looks at the sea.
After a while, Bae Jong-wan opened his mouth again.
“Okay, work hard. If you need money, just tell me. I’ll push you as hard as I can. It’s not like I’m going to die and take it with me.”
Bae Joo-hyun’s heart widened when she heard that they would add more investment funds.
It feels like all the tangled threads are unraveling.
* * *
At that time, Nam Woon-myung was eating with Hyeon Ah-sol and Hyeon A-ram.
Although he liked plain white rice, on days like today when he was with two women, he had no choice but to eat Western food.
The food in front of him now is pasta.
Nam Woon-myung, who felt empty after only two strokes of his chopsticks, quietly looked at the woman across from him.
I don’t know whose genes it was, but these two people were beyond the envy of others in terms of beauty.
However, their personalities are different. Hyun Ah-sol is bright and arrogant, while Hyun Ah-ram is deep and has complicated thoughts.
The more I look at it, the more I think Bae Joo-kwang married well.
If it weren’t for Hyun Aram, Bae Joo-kwang would probably be acting more like a fool than he is now. Of course, there’s no need to even mention the mental anguish of Hyun Aram, Bae Joo-kwang’s wife.
After a while, Hyun Aram put down her fork and asked.
“Mr. Destiny, what happens now?”
“What is it?”
“It’s Bukseong Construction.”
Hyun Aram’s face was filled with worry.
The reason I’ve arranged a dinner today is to explain the situation of Bukseong Construction, which is now heading towards its final stages, and to ask for your cooperation. Would you understand if I explained that it wasn’t a strategy I had implemented to win in the first place?
Nam Woon-myung asked softly, as he had expected this reaction.
“What do you think, Mr. Aram?”
“I…… don’t think the result is bad.”
“Why?”
“I didn’t expect it to end all at once anyway.”
He has a clear understanding of the situation. Among the four siblings, he is the one who would be most likely to succeed if he were to take charge of the group.
“You didn’t go out of your way to buy up Bukseong Construction stocks this time, did you?”
“Yes. I put some in at the beginning… but as the stock price went up, I chased it and didn’t take pictures. I just pretended to buy. It was hard to catch it because they declared a public offering.”
“Well done. Just wait a little longer. Your next opportunity will come soon.”
The opportunity that Nam Yunming thought of was only within a year or two.
Hyun-Seop will defend his position as CEO in some way this time, but his power has weakened. There is no next for President Hyun-Seop.
Unlike Hyun A-ram, who nodded as if she understood, Hyun A-sol expressed her worries.
“What? We lost? Then when we get home, we’ll have to be bothered by Dad again?”
“I don’t think so. They’ve tasted the power of the Allied Forces, so they’ll be more careful.”
“Really?”
“You two can just keep your current status. Then, President Hyeon-seop won’t be able to do anything.”
Now, even Hyun-Seop can’t openly threaten his children. He doesn’t know when they will unite and attack again.
In addition, he cannot declare that he will pass on all his assets to Hyun Chang-yoon like before.
As a result, neither Hyun A-ram nor Hyun A-sol suffered any losses.
Although Nam Yun-myeong has been coming up with all sorts of schemes to bring down his enemy, the Bukseong Group, he has never done anything that would harm Hyun Ah-sol or Hyun Ah-ram.
Currently, Hyun A-ram and Hyun A-sol have not made much profit, but they have not suffered any losses either.
When all is said and done, the two will at least have more wealth than they have now.
If they don’t get greedy, they will remain major shareholders and live comfortably, even if they can’t manage the Bukseong Group in the future. If they get greedy… …then they will fall into a bottomless pit.
Nam Yun-myeong smiled and summarized the recent events.
“The battle is not over yet. You two must maintain your current attitude until the end.”
“Mr. Nam Woon-myung, then what will happen to Daehan Joseon?”
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“yes?”
“Shall we hand it all over to CEO Bae Joo-hyun?”
In addition to the Bukseong Group, Hyun Aram also has a foothold in the Daehan Chosun Group. If things had gone as planned, her husband Bae Joo-kwang would have inherited everything, but the current situation is overwhelmingly advantageous for Bae Joo-hyun.
“Why do you think so?”
“Because you…… are pushing.”
Fortunately, there was no hostility in Hyun Aram’s tone.
Let’s take this opportunity to clarify this.
Nam Yun-myeong cleared his throat and spoke.
“Hyun Aram, why do you think I am helping President Bae Joo Hyun?”
“well.”
“There is no other reason. It is because Bae Joo-hyun is more suitable to lead the group than Mr. Bae Joo-kwang. President Bae Joo-hyun’s strengths are clearly being revealed these days, aren’t they?”
“That’s all you…….”
“That’s not true. If you don’t have the skills, even if you try to feed them, they will fail. I recognized President Bae Joo-hyun’s strengths and I just supported him based on those. If Bae Joo-kwang had that kind of talent, I would have supported him.”
A conflict arose on Hyun Aram’s face.
Even if he didn’t say anything, she knew Bae Joo-kwang’s character very well. He was a greedy, playful person who had built a wall around him when it came to management.
“Then what should I do?”
“President Bae Joo-hyun will never monopolize the group all by himself. Don’t necessarily treat each other as enemies and attack each other. President Bae Joo-hyun has already started a much bigger business outside of the existing group.”
You can probably guess what it means just by looking at what’s been in the news recently.
It’s best if there is no power struggle between brothers.
Looking at Hyun A-ram, who nodded slightly and lowered her gaze, it seemed that she understood completely. When will Bae Joo-kwang realize this? The peace of the Daehan Chosun Group depends on Bae Joo-kwang, not Bae Joo-hyun.
* * *
Even though the extraordinary general shareholders meeting of Bukseong Construction was approaching, the stock price showed no signs of falling.
It was a natural phenomenon as ordinary people noticed the internal strife in the group and started buying stocks.
At this time, Hyun-eun Lee made a surprise announcement through Bukseong Foods.
“Apply for public offering of 10% of Bukseong Construction stock at 76,000 won per share!”
As soon as the announcement was made, Hyun-Seop Hyeon’s side immediately counterattacked.
“Apply for public offering of 10% of Bukseong Construction stocks at 80,000 won per share!”
At 80,000 won, it is twice the average stock price of 40,000 won.
The stock price was set ablaze by public offerings from both sides.
In the conference room, Nam Woon-myeong and Yoon Se-bin were watching the fireworks display of Bukseong Construction’s stock price.
As soon as the public offering materials were released, the stock price immediately rose to the 80,000 won level.
“President Hyeon-Seop Hyeon is in a hurry.”
Nam Woon-myung chuckled at Yoon Se-bin’s review.
“I think 500 billion was transfused into Bukseong Machinery. We have to do something to protect the group.”
He gave a tip to Hyunjae Seop through Bae Jong-wan and launched a public offering operation through Hyunjae Eun. Hyunjae Seop, who had no way to verify the truth, announced an additional public offering in desperation.
“There are only a few days left……”
“Let’s start contacting President Hyeon-seop soon. We need to transfer the stocks in Bukseong Construction that we own.”
In a reality where it is difficult to buy stocks in the market and you have to pay a higher price to buy more, there is no way Hyun-Seop would refuse.
The right person for the job is Korea Investment & Securities. There are many awkward aspects for Korea Asset Management or Mega Asset Management to take the lead.
Of course, even if Korea Investment & Securities steps in, the Bukseong Group will still be suspicious.
“If you refuse, I will threaten to hand it over to you.”
It’s Nam Woon-myung’s trick.
In our country’s sentiment, if an outsider purchases stock in Bukseong Construction and attempts a hostile takeover, he or she will be criticized.
In particular, their funds are funds raised through foreign sovereign wealth funds and Biglobal Fund. They are not funds entrusted to carry out a hostile takeover and merger of Bukseong Construction.
Yoon Se-bin immediately asked Kim Seon-jin to mediate the deal, and Hyeon Jae-seop reluctantly accepted.
He transferred all of the stocks in Bukseong Construction, which he had purchased in the mid-40,000 won range, to Hyun-Seop Hyun at 80,000 won per share.
Of course, since Hyunseop doesn’t have that much cash, he has to resort to all sorts of desperate measures to raise the funds.
The proposal from Korea Investment & Securities was like a ray of sunshine in the darkness for Hyun-Seop Hyeon.
Since he could receive the stocks first and pay the cash later, Hyunjae Seop did not hesitate because it was an absolutely unavoidable situation.
If Hyun-Seop Hyeon receives an additional loan from Korea Bank, the money will be transferred to Korea Asset Management and Mega Asset Management.
“It’s all finished now.”
Nam Woon-myung stretched as he watched the stock price fluctuate around the 80,000 won level, the price at which the public offering was requested.
Yoon Se-bin also asked with a relieved expression.
“Are you going to rest for a while?”
“No, something came up.”
“yes?”
“I have to go to Silicon Valley. I have some work to do at Vectorfly. And… I heard that the New York branch is hiring a lot of employees. I have to go check things out.”
This was not a new thing for Nam Woon-myung, who had been deeply involved in hiring employees.
Yoon Se-bin frowned slightly and squinted his eyes.
“New York branch?”
“When combined, they manage a whopping $15 billion plus alpha, right?”
“That’s true, but…….”
“I also met with Chief Seon of the Hyeonsa Hyeonsa headquarters.”
Yoon Se-bin’s eyebrows rose.
Yoon Se-bin, who had gathered his belongings, suddenly stood up.
“Okay! Got it. Have a nice trip.”
“yes?”
Bam!
Yoon Se-bin, who was leaving the conference room in a hurry, crashed into the glass door.
This office has glass walls and doors on all sides, so sometimes you get confused about which door to use when you’re in a hurry.
“Eww!”
“are you okay?”
“Ugh.”
Yoon Se-bin shook off his hand that was grabbing her quickly and ran out, making a loud noise.
Nam Woon-myung burst into laughter at the unusual appearance.
“Why are you like that?”
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