God of Corporate Hunting - Chapter 288



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◈ Episode 288 New Battlefield (4)

By this time, Nam Woon-myeong had also clearly realized the full extent of the situation.

What Everley initially targeted was Bukseong Chemical Energy. Bukseong Chemical Energy had sufficient size and stock liquidity for KR Investment Group to touch.

At that time, Chairman Hyeon-Seop Hyeon, the major shareholder, was cornered and needed help.

Everly easily brought in Chairman Hyun-Seop. Even if he failed, he could still deal a blow to his opponent, Se-Bin Yoon, so it was killing two birds with one stone.

It is a strategy where you can benefit by sticking to either side.

Avery said with a big smile.

“Chairman Hyun, isn’t the stock price of Bukseong Life Insurance still higher than the average purchase price? How about selling it now and increasing your stake in Bukseong Chemical Energy?”

This is just a joke. Even if you want to sell at the lower limit, you can’t. If you hear rumors that the major shareholder is selling, the possibility of it being pushed down to the lower limit for a few more days increases.

In any case, the result is that Chairman Hyun-Seop was fooled by Everly’s tricks. He borrowed money and invested it in the useless Bukseong Life. Bukseong Life is only valuable when Bukseong Chemical Energy is still in good shape. As a result, he brought about a crisis.

Nam Woon-myeong barely participated in Bukseong Life Insurance and mainly bought in the early stages. He also made profits by leading sales and short selling near the highest price.

Meanwhile, Everly acquired Bukseong Chemical Energy.

In any case, the core of the Bukseong Group is not Bukseong Life, but Bukseong Chemical Energy.

“Okay, Chairman, how much is the stake?”

Everly asked, seemingly confident of victory.

Hyunjae Seop clenched his fist and shouted.

“How dare you! I think it will turn around! Even if you exclude the 10%, if you add it all up, it is more than the stake that KR Investment Group bought!”

“Yes, that’s correct. But who are they all?”

Everly’s gaze turned to Nam Woon Myung.

As the group’s flagship company, Bukseong Chemical Energy’s stocks were complex. The owner’s family also bought various stocks.

However, the problem was that a significant portion of the owner’s family was on Nam Woon-myung’s side and not Hyeon-seop’s side.

From Joo Do-hee to Hyun Jae-eun, Hyun Chang-min, and Hyun Ah-sol, even affiliates such as Bukseong Life, Bukseong Cultural Foundation, and Bukseong Bio hold stocks in Bukseong Chemical Energy. Of course, the largest shareholder is Bukseong Construction.

Hyunjae Seop made a promise while observing Nam Woon Myung’s expression.

“Even if you look at it that way, I own the most. Even if you exclude my 10% stake, Bukseong Construction is the largest shareholder, and if you add up all the other friendly shares…….”

“Would that really happen? What if KR Investment Group and Korea Asset Management Consortium join forces?”

The reason why Everley brought the two people here became clear.

Currently, no one has an overwhelming majority stake in Bukseong Chemical Energy.

Although Hyun-Seop currently holds the largest stake, if Nam-Woon-Myeong and Everly join forces, the major shareholder will change. In other words, Everly cleverly holds the casting vote. The amount is not small. In addition to the 10% he received from Hyun-Seop, he is certain to hold additional shares, and he also has the ability to attract shares from overseas investors.

“Bukseong Chemical Energy, the backbone and core of the Bukseong Group. If you take possession of this company, you will virtually take possession of the Bukseong Group. Aren’t you drooling? Now, which side should I give the Bukseong Chemical Energy stock to? Chairman Hyeonjae Seop? Or Mr. Nam Woon Myung? Of course, I will give it to the side that gives the most value.”

Hyunjae Seop let out a groan.

Nam Woon-myung also burst into laughter.

She is a smart and cunning woman.

“You bastard…….”

Hyunjae Seop’s gaze exploded with anger, but Everly didn’t budge.

Avery lifted his glass.

“Okay! It’s not a busy day, is it? Let’s have a drink today. If we have fun, we’ll get a feel for how much to pay. Oh, I didn’t mention the lower limit. The standard is twice the stock price today. There’s no negotiation below that.”

Today, Bukseong Chemical Energy hit its upper limit. If it doubles that, it’s a huge price.

Hyunjae Seop just drank alcohol with a blank expression, and Nam Woon Myung abstained from drinking and just fiddled with his glass.

The solution is something to be thought about slowly.

Every so often, Everly’s strange gaze would sweep over him.

Nam Woon-myung ignored her and only looked at Hyeon Jae-seop.

I wondered how he felt when he killed his father and the group he had in his hands was blown away.

* * *

Bukseong Life Insurance has been hit by the lower limit repeatedly.

As the buying power disappeared, other institutions belatedly began to sell and short sell.

In just a few days, Bukseong Life Insurance returned to its past average stock price.

No one was interested in the management rights of Bukseong Life anymore. With the larger affiliate Bukseong Chemical Energy at stake, no one was looking at Bukseong Life.

Only the sharp spires of the short squeeze that remained on the stock charts represented the fierce battle of that time.

In the process, Mega Asset Management made huge profits.

The analysis of the situation was solid and luck was on our side.

There was also news of Wonder Fund’s bankruptcy.

I shorted Bukseong Life Insurance, but realized I sold too much and bought it back later, suffering a huge loss.

Nam Woon-myung heard the detailed circumstances from Shin Cheol-ho.

When I arrived at work in the morning, Shin Cheol-ho was telling his employees a story about his bravery.

“The person who led the short selling of Bukseong Life Insurance at Wonder Fund was Catherine. She was a pretty blonde white woman.

He described Catherine’s appearance with great care.

“Unfortunately, this woman met the wrong friend. She was recommended to Bukseong Life by her friend, Everly. Everly is the vice president of KR Investment Group…….”

Nam Woon-myung became aware of Catherine and Everly’s relationship. As expected, there was no such thing as friendship in front of money.

“……So, the Wonder Fund went bankrupt and Catherine couldn’t even get a plane ticket back to the US because she was suddenly cut off. Her corporate card was also suspended, so she couldn’t get a hotel room and ended up sleeping rough at Seoul Station. Who am I? I couldn’t stand seeing that happen, right?”

To summarize, it was a story about spending a night with Catherine. In the process, I heard about her difficult circumstances.

Catherine must have had feelings for Shin Chul-ho because she wasn’t really broke.

“Catherine keeps asking if there’s a job opening at Mega Asset Management… but I can’t hire her since I’m not the CEO….”

Shin Cheol-ho, who had been looking at Nam Woon-myung’s expression, continued speaking.

“At this point, we can learn a lesson. We should be careful with our friends, especially those who try to lure us with good information. We could easily ruin our family…….”

As the story gradually went off the rails, Han Hye-rin showed up for work.

At that moment, Shin Cheol-ho’s story suddenly stopped.

“Oh my? What are you talking about when you’re all gathered together?”

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At Shin Cheol-ho’s nod, one of the employees absentmindedly responded and then quickly closed his mouth.

“Director Shin’s dance blanket.”

Han Hye-rin’s eyebrows went up sharply.

“yes?”

“Oh, no. I couldn’t go home because I was drinking last night.”

Shin Cheol-ho quickly waved his hand and started to clean up the situation.

Nam Woon-myung watched the awkward staring contest between Shin Cheol-ho and Han Hye-rin before moving to Yoon Se-bin’s office.

Follow-up measures related to Bukseong Chemical Energy were urgent.

* * *

“In fact, the Bukseong Group is virtually disbanded. Chairman Hyeon-seop no longer has real power.”

Yoon Se-bin declared.

Of course, he is still the chairman of the Bukseong Group in name only. However, he is only the largest shareholder of Bukseong Construction. Although Bukseong Construction is the largest shareholder of Bukseong Chemical Energy, the stage where Chairman Hyeon-seop’s instructions are effective has passed.

The influence of Hyunjae Eun, who received support from KR Investment Group and Korea Asset Management Consortium, is also considerable.

“Are you feeling better?”

I understood Nam Woon-myung’s feelings, who were particularly concerned about the Bukseong Group.

He found it difficult to answer right away.

Although it did not make the current sub into a beggar, it was no different from the influence he had in the past. If you organize the shares that were consumed in one way or another, the current sub’s assets will be reduced to less than half of what they were in the past.

Even though I inherited it from Hyun Man-Heum, this result occurred.

When he didn’t answer, Yoon Se-bin asked again.

“Do you want to become the chairman of the Bukseong Group?”

It means that you want to get your hands on the Bukseong Group for sure.

Looking at the current general situation, the Korea Asset Management consortium is the second largest shareholder of Bukseong Chemical Energy and the overwhelming largest shareholder of Bukseong Bio. In fact, it has the power to control any affiliate except the chairman and the president of Bukseong Chemical Energy.

Nam Yun-myeong shook his head.

He has no desire for the presidency. He just wants to hold them accountable for his father’s death.

Yoon Se-bin, who understood her feelings, asked again.

“What should we do with Everly’s proposal?”

“Do I need to receive it?”

Nam Woon-myung asked in return.

When he first received Everly’s offer, Nam Woon Myung also had a hard time. If Everly handed over his stake to Hyun Jae Seop, all the work he had done with the Buk Sung Group would go down the drain. That’s why he thought he absolutely had to secure that stake.

However, as the size of Bukseong Chemical Energy is large, its expenditures were very large. On the other hand, KR Investment Group received a corresponding amount of profit.

So I was wondering how I could get it for cheaper.

But when I changed my perspective, I saw a different path.

Does Hyun-Seop have the funds to buy Everly’s stocks? Of course not. He is not even in a position to buy back the 10% he entrusted, and he does not have the ability to take on the rest of the stocks.

In other words, the only entity with the ability to purchase the stocks currently owned by Everly was the Korea Asset Management consortium.

Because the price is so high, it cannot be sold to other private equity funds or hedge funds.

When funds are tied up, it is a fatal blow to private equity funds, and KR Investment Group is no different.

The situation looked different when I realized that it was not them but Everly who was in a hurry.

“We don’t mind spending five years like this. The one in a hurry is KR Investment Group.”

You can wait patiently because Bukseong Chemical Energy is not a company that will fail.

It is not too late to judge the situation slowly over the next five years. If necessary, the chairman can be replaced through an alliance with KR Investment Group, or, in normal management, power can be given to Hyun-Seop.

Yoon Se-bin also seemed to understand his intentions.

Private equity funds are important not only for investment but also for recovery strategies. Everley succeeded in investing by taking advantage of the gap, but there is no exit strategy. For Everley to proceed as planned, the only way is if both sides fight for life and death over Bukseong Chemical Energy.

“The current chairman will be unable to move for the time being. Only Everley will cook.”

“How?”

“I’ll take care of it. I heard that the fund manager of the Wonder Fund that was deceived by Everly this time is a friend of Everly’s.”

“is it so?”

“That guy got kicked out of the company because the fund went bankrupt…….”

“Huh? Who said that?”

“It’s Cheol-ho.”

“ah!”

He looks convinced because it’s Shin Cheol-ho.

As Nam Woon-myung was leaving the office, thinking about how to deal with Evely,

Jo Ha-neul said as he came in.

“Sir, we have a guest.”

“who?”

Jo Ha-neul spoke softly at Yoon Se-bin’s delight.

“You have come from far away across the sea.”

Nam Woon-myung spotted a tall, white man entering his office. It felt like seeing a movie star.

Nam Woon-myeong, whose interest was piqued, also stopped walking and watched the situation.

“CEO Yoon Se-bin?”

“Ah! I’m Yoon Se-bin. I’ve been waiting for you.”

“Yes, this is Andrew Costa.”

Yoon Se-bin greeted the white young man.

Who on earth is this young man?

My eyes were drawn to it again. I remember hearing it somewhere, but I couldn’t remember it clearly.

As he was about to leave the office, tilting his head, Yoon Se-bin called him.

“Would you like to meet Mr. Destiny too?”

I almost felt disappointed if I didn’t call.

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