Omniscient Investment Point - Chapter 242



Only Noblemtl

242. Stand Up Korea – 3

(1)

Our JTS Partners has many people from Daejin Securities, so of course I knew quite a few people there.

Was that why? The night before, I heard a piece of news that Kwon Ji-young had brought.

– There was a rumor going around that there was embezzlement of match data, but everyone was keeping it quiet.

I didn’t even ask for the source or reliability.

He simply instructed Choi Soo-ri to tell him exactly what would be broadcast the next morning.

I also relayed this news to Hong-cheol Lim of the Daehan Economic Daily.

Anyway, these days the media reports with quotes.

『According to an insider, “The amount of embezzlement is 8 billion won, but the upper management is making sure to keep a close eye on it due to stock price management.” It seems that the influence of the group owner, who hopes that the data for the previous stock price manipulation will not be further affected by another negative factor···(omitted)···』

A bitter smile spread across my face as I watched the reporter narrowly avoid legal trouble.

‘Well, the Gong family is more of a problem than the media.’

I didn’t like it that much, but as soon as I thought that the faces of Gong Min-bae and Gong Byeong-ho might be crumpled because of my special ability to make the most of what I had, a bright smile appeared on my face again.

In fact, if this happens, it will be difficult to artificially manage stock prices. This is because it seems unlikely that the match data will plummet due to the bomb that was detonated in advance.

As expected, the match data fluctuated within the consolidation zone the next day, and then fell slightly at the end.

‘It’s even better.’

If things continue this way, we predicted that the market cap we mentioned at the time of the public offering would not be exceeded. Tak Jun-seok also came to see me around the time of leaving work and said the same thing.

“A surge doesn’t look likely before the public offering next week.”

“Yes, because additional reports are still coming in.”

“The rumors are true, and the match is not even denying it.”

“That’s right. At this point, shouldn’t the prosecution investigate as well?”

“Haven’t you been to the Daejin Data Shareholder Cafe? It’s not like there’s going to be any trouble if you report it.”

“That went well. Hahaha.”

“If we do this······, the merger could be delayed or even canceled.”

“That would be better.”

Why? Because the 80-day life extension that Ra Seok-myeong was supposed to give me was brought forward.

“But, this is a holding company where embezzlement has occurred, so do you still plan to push ahead with the public offering?”

“Embezzlement is temporary. If you manage and supervise thoroughly, it will not happen again in the future.”

What I mean is, the value of the company will not be significantly damaged.

Tak Jun-seok also agreed and began to draw a bigger picture.

“If you look at it from a distance, it might not be a bad idea to take a step forward. Think about it. We even have JTS Securities. One day, we could even take over Daejin Financial Group. Right?”

“Well, I haven’t thought about that yet, but you never know what might happen in life. In that sense, should I increase the public offering ratio a bit more?”

“Hey, our CEO is really refreshing. Hahaha.”

Tak Jun-seok bursts into laughter as if it was refreshing.

I also felt good because it seemed like I was finally able to blow away the sadness I had felt from the Gong family.

And the next day,

『Daejin Financial Group Chairman Gong Min-bae holds a press conference!』

After reading the content, I decided to set a date for the weekend.

There were also predictions that the press conference would declare that the merger plan announcement would be null and void.

‘indeed······.’

I’m curious.

Will there finally be an instance where Goliath is defeated by David?

(2)

While waiting for the weekend, the blind fund funds were sold out early.

“No, is it possible for Group 3 to gather together this easily?”

Tak Jun-seok stuck out his tongue.

In fact, in less than a month, they raised a whopping 3 trillion won.

“Hey, there were a lot of big players here and there.”

“Still, that’s true······.”

What I said was true.

A number of big players, including my mother-in-law, put money into this blind fund.

In particular, I later found out that public institutions such as pension funds and military mutual aid associations and investment associations participated······.

“More than half of them are small amounts. You’re really surprising, sir.”

People who put in small amounts of more than 1.5 trillion won.

I thought this was a sign of trust being sent to me and JTS Partners.

In fact, the comments attached to this blind fund sell-out article were written by them······.

– I trusted you and boldly invested one million won this time.

– I have 500,000 won.

– If I had more money, I would have put it all in, but I only had 300,000 won.

It seemed like most people invested their small sums of money, less than a hundred, in blind funds.

As a result, there were many people who made calculation errors.

– Last time I looked, it was a profit rate of several thousand percent. Would ten thousand won become tens of millions of won?

If ten thousand won is one thousand percent, it is one hundred thousand won.

It was probably a mistake caused by confusing percent with multiple.

Anyway, seeing such expectations, it seems that there are quite a few people who think of blind funds as a kind of lottery.

‘What should I do? If I try to get rich quick, I’ll be disappointed······.’

However, those who truly dream big are sometimes the ones who identify with the company and its owners.

Trying to monopolize trillions of won with a 1% stake was like a thief, except he didn’t have a knife.

Gong Min-bae, chairman of Daejin Financial Group, was also in that category, and he finally stood in front of reporters over the weekend and bowed.

And then publish the document you have written.

– We will scrap the plan to merge Daejin Data and Daejin Investment.

“and······.”

My wife, Kang Hyun-ji, who was watching the video with me, opened her mouth.

However, I made a displeased expression as I watched Chairman Gong enter after reading a short statement.

“Tsk tsk tsk······.”

“Huh? Why? Didn’t it turn out the way you wanted?”

“No~”

“······?”

“That’s only natural. Since I did something regrettable, I have to appease the shareholders.”

“Appeasing shareholders? Oh, shareholder return policy?”

I nodded toward our God.

“At least, they’ll raise the dividend rate, or maybe burn their own stock. I thought they’d say something like that, but they just said that and left. What’s going on? They’re not even taking questions from reporters. Hahaha.”

“That’s right. I think they just forced the announcement because they were pushed by public opinion.”

“There’s nothing we can do. We have no choice but to properly protect the rights of minority shareholders.”

So the next day, as planned, our JTS Partners started moving, and as soon as we entered the public offering, the stock hit the upper limit.

(3)

The person who came to see me around the time I got off work that day was Ra Seok-myeong.

As expected, as soon as he saw me, he gave me a gift.

‘and······.’

Immediately the ‘±80’ in my right eye moved to the left.

In doing so, I was able to surpass another 2,700 days of remaining life.

‘Good.’

I decided to enjoy the joy later, but first I received his compliments.

“As expected, our CEO Jang never betrays me.”

“haha······.”

Since I didn’t really welcome the blind faith shown towards me, I just shook my head with an awkward smile.

“Well, I think you can see this as the beginning of a small step toward protecting shareholders. And I didn’t do this alone.”

“No. This is something that could never have been achieved with the power of small shareholders alone. Probably, they wouldn’t have even snorted.”

“No way.”

“I don’t know about anything else, but if JTS Partners had not participated, would the stock price have moved?”

“haha······.”

Another awkward laugh escaped.

Because Ra Seok-myeong’s words were true.

“But you don’t plan on stopping here, do you?”

“Of course. We never mentioned shareholder returns.”

“Yes, that’s right. I looked into it recently, and the match data showed that the company had 17% of its own stock.”

“I know. Maybe I can do some magic with it.”

The magic of owning a company is usually accomplished through human division.

That is, as the company splits in two, the treasury stocks are revived and the owner’s control is strengthened.

However, the law was revised once to prevent this trick.

‘There are many things you can do with treasury stock.’

In mergers and acquisitions like this one, or stock exchanges with white knights, etc., treasury stocks could have been used for the owner’s benefit.

So my goal is to pressure them to burn those treasury shares quickly.

Even without saying it specifically, Ra Seok-myeong understands and expresses his gratitude again.

“Please, don’t get tired and always stand on the side of our small shareholders.”

“Yes, I will do that.”

When I got up from my seat later, I saw the stone name ‘±100’ engraved on my right eye again.

Even though it didn’t blink, it also proves that it is my hidden gem.

‘Okay. Next time we meet······?’

I have to blink again.

The one thing I had to do without getting tired was to prolong life.

(4)

Even though the merger plan was scrapped anyway, Gong Byeong-ho felt like there was a thorn in his mouth.

That’s understandable, since JTS Partners keeps collecting shares of Daejin Data······.

“hmm······.”

It is safe to say that he has almost no stake in Daejin Data, the holding company of Daejin Financial Group.

It’s only 0.31%.

Of course, since his father, Gong Min-bae, owns over 20% of the shares, he can inherit them later in case of an emergency.

‘shit······.’

I think I’ll have to worry about inheritance tax again then.

Naturally, I felt that I could not receive a full share.

Above all, if JTS Partners were to purchase stocks in that manner, it could potentially threaten management.

Even if that weren’t the case, it was obvious what they would do with the stakes they had amassed.

‘Damn, they’re going to tell us to burn our own stock?’

Of course I will hold out this time.

Because my father bowed his head and thought that he had done his duty by simply withdrawing the merger.

But that was just Gong Byeong-ho’s thoughts.

A while later, a letter arrived from JTS Partners.

『Suggestions for the match data』

The title was polite, but the content was not.

First, I hope that the company will burn all of its treasury shares, which currently account for 17% of the company’s total shares.

Second, I hope that the company will use its current cash reserves of 1 trillion won to pay dividends to shareholders.

Finally, he threatened to call an extraordinary general meeting of shareholders if JTS’s proposal was not accepted.

“Crazy! Who cares!”

Although he said this, looking at JTS’s actions so far, his words were consistent with his actions.

The legal team also said······.

“Maybe we can buy up to 3% or more. Then we can use the real shareholder proposal right to call an extraordinary general meeting.”

“Then what should I do?”

“Let’s negotiate.”

“negotiation?”

“Yes, for now, negotiating with JTS Partners is the wisest decision.”

Although it wasn’t said, it was an advice not to deal with it emotionally.

“Ugh······.”

I had no choice but to contact the secretary and tell her that I would negotiate with JTS Partners, but the person who showed up was······.

“Wow, it’s been a while since I’ve been here. Hahaha.”

It was Tak Jun-seok.