Omniscient Investment Point - Chapter 258



Only Noblemtl

258. Whip and Carrot – 4

(1)

Bringing in the National Pension to strengthen the governance structure?

It’s very dangerous.

This is because it could easily be criticized as a fraudulent method of justifying inheritance with the people’s money, like Yoo Sung Property.

Furthermore, legal issues could arise.

But what if the shares held by the National Pension Service fall into the hands of our allies?

“Of course, I hope JTS will take responsibility for not the entire stake, but only about half.”

“If it’s half, then it’s 4.25%, right?”

“Yes, that’s right.”

A calculator works in my head.

Daewoo Mobis’ market capitalization is 26 trillion won, and 4.25% of that is over 1 trillion won.

“Have you spoken with the Chairman and the National Pension Service?”

“I can’t tell you that.”

I nodded.

It was a dangerous question, and it could have been a dangerous answer.

In reality, from here on out, I have to meet with the National Pension Service and negotiate.

‘Maybe they’ll try to sell it for more than my price?’

JTS takes over 4.25% of the National Pension Service’s shares.

It is bound to be much less expensive than buying in the market.

Because it is a large listed stock, the daily purchase cost itself is different.

And there is a high probability that JTS’s acquisition will become known, so naturally, the stock price will skyrocket as other institutions and individual investors flock in.

If that happens, we will have to buy at a higher price again, and if this happens repeatedly, it may cost more than the initial budget for buying shares.

Of course, the National Pension Service knows that and will offer us a slightly higher price.

‘But you won’t go beyond the bounds of morality, right?’

At the very least, there was a high possibility that Chairman Park Hee-sun, who was right in front of me, had conveyed her intentions in advance.

I don’t know about that, but he also started revealing his own plans.

“I also plan to absorb the shares held by the former chairman and other financial companies through block deals.”

“ah······.”

This gentleman means to go with the orthodox approach.

My stake in Daehyun Mobis is only 0.32.

However, the father’s stake, which is currently completely out of management, is 7.24.

If you receive that as a gift, the taxes will be enormous.

“I support your wise decision. I am sure it will be met with public support.”

“I don’t know. I pulled out the sword too late.”

“I can guarantee you that even now, the mere fact that you are following the classics will be recognized by many people.”

Park Hee-sun smiled strangely.

It seemed like it was difficult to be completely happy.

It had to be that way.

The gift tax is enormous, and if you add in other expenses, it easily exceeds tens of trillions of won.

You have to use your own money, not the company’s money.

It is no exaggeration to say that no matter how much money a conglomerate has, there is no one who holds that much in cash.

Wouldn’t the Yoo Sung Group also have sold its stocks to pay the inheritance tax for the former chairman’s wife and children?

‘That’s a really big decision.’

Looking closely, it seemed like a bitter laugh rather than a strange laugh.

So I couldn’t help but laugh inside.

Instead, let me give you one more piece of advice.

“I hope this decision will become a grain of wheat and help Daehyun Group become the best conglomerate in our country.”

Looking at the history of domestic conglomerates, Daehyun’s founder has only seen Meteorite once.

Could it possibly be recreated in Park Hee-sun’s hands?

I’m looking forward to it.

(2)

Come out and go back to work.

“What’s going on today? The traffic keeps getting blocked.”

“I know.”

“Thanks to you, I think I’ll be able to hear the CEO’s story in detail······.”

“ha ha ha.”

Kwak Hyun-woo seemed curious.

As the chief secretary, I have no choice but to share the information.

I told him the story I shared with Park Hee-sun during our private meeting in the chairman’s office.

As expected, I was surprised.

“Are we going to acquire half of the National Pension Service’s shares through a block deal?”

“okay.”

“Let’s see, the stock price is around 260,000 won right now…, what about 4.25?”

It’s clear that this guy studied too.

I knew about the National Pension Service shares.

I am also already familiar with the market capitalization of Daehyun Mobis.

“It would be around 1 trillion and 100 billion.”

Passed as Chief Secretary!

“Right. It should be something like that, right?”

“But shouldn’t block deals be bought a little cheaper? We could probably get a discount of a hundred billion.”

“No.”

“Huh? No, you’re saying you’re buying it for more money?”

“Think about it. What if we buy Daewoo Mobis stocks in the market?”

“hmm······.”

This also didn’t need to be explained at length.

“It’s going to cost more······.”

“Yes, that’s right. It depends on the negotiation, but I can’t help but buy it a little more expensively.”

“That’s a bit much, isn’t it? It was Daehyun Mobis that asked me to become a white knight.”

“Instead of using our own money, the funds are transfused through an equity exchange.”

“Oh, that’s right.”

Humans are sensitive to damage.

Kwak Hyun-woo was quickly calculating the amount as he knew we were spending over 1 trillion won.

In reality, Daehyun Motor Group purchases JTS’s shares.

With the money from selling that stake, we are purchasing shares in Daehyun Mobis.

“So how much of our JTS shares should we give away?”

“We’ll have to negotiate that next time we meet.”

“This needs to be evaluated urgently, right?”

“Homework. How much is our JTS worth?”

“omg······.”

“If you’re the chief secretary, shouldn’t you know that?”

“yes······.”

But it was already out there.

To be exact, they report to me regularly within the company.

Since this is not a listed company, we have no choice but to conduct our own investigation.

So, Kwak Hyun-woo’s homework wasn’t difficult, and he was able to hear the answer after returning to the company and discussing it with Tak Jun-seok.

“Wow, that’s 70 trillion won including shares of foreign corporations and affiliates.”

“Yeah. We’ve grown a lot, haven’t we?”

“Hey, we still have a long way to go. Since we’ve come this far, we should first get to the top in Korea and then go for the top in the world.”

“Is that so? Hahaha.”

The man is a braggart.

I laughed out loud.

(3)

Meanwhile, at that time, in the office of the chairman of Daehyun Group.

“Do you trust JTS?”

Since it wasn’t completely decided yet, Ahn Jae-hoon, Park Hee-sun’s confidant and head of the Management Efficiency Headquarters, asked a question to confirm.

Park Hee-sun asked back with a smile.

“Chief Ahn? Do you trust JTS?”

“No. I don’t trust people very much.”

“Yes. I believe in money.”

In fact, Ahn Jae-hoon was called a monster among the monsters created by capitalism.

The outside was soft, but the inside was extremely cold.

Why did he choose JTS among so many financial investment companies?

“I don’t think anyone has ever copied so much money in such a short period of time.”

Here, ‘that’ obviously meant longevity.

“That’s right.”

“Therefore, it is a worthy ally of the Daehyun Group.”

“But isn’t that just too much greed?”

“If you weren’t greedy, would you have copied the money like that? Oh, so Chairman, do you think that CEO Jang can target our entire group?”

“Let’s consider even the 1% possibility.”

People who make a living in the financial investment business are influenced by money.

Jang Su-myeong could be like that too, and if he reveals his ambition, the ruling structure of Daehyuncha could be shaken at once.

“So isn’t that what we’re doing to create a safety device? We’re holding the shares of JTS Partners, and you’re holding the shares of Daehyun Mobis. Surely this isn’t enough?”

It’s natural to feel anxious before making a big decision.

No matter how bold and safe Park Hee-sun is in driving the group, she can’t help but feel like stepping on a stone bridge.

However, this was not the first time that Park Hee-sun and Ahn Jae-hoon had had this conversation.

We discussed for a long time and chose and chose the forces with which we would join hands as an alliance.

As a result, Jang Su-myeong and JTS Partners were selected.

“Moreover, there is a possibility that something may go wrong during the negotiation process.”

“No, if it’s going to end badly, it’s wiser not to even start.”

“Yes, I will make sure that it never goes wrong.”

Park Hee-sun smiles strangely after receiving a definite answer from Ahn Jae-hoon.

“Okay. Well then, let’s go.”

“Okay, then I’ll contact you right away.”

The moment has finally arrived when the governance structure of Daehyun Motor Group is resolved.

(4)

After that, a TF team centered around Choi Soo-ri was formed on our side, and from Daehyun Motor Group, Ahn Jae-hoon, head of the Management Efficiency Headquarters, took part in the negotiation team.

If we evaluate it at 70 trillion, there is no way they will evaluate it the same way.

Of course there were differences of opinion, but what was the compromise in the big picture?

“We have tentatively agreed to 1:1.5.”

“Director Choi? Are you satisfied?”

“The combined stock valuation of all listed companies in the Daehyun Group is 250 trillion won.”

“Okay, good.”

That should be the answer.

In fact, the size of the Daewoo Motor Group was more than three times the JTS assessment of 70 trillion won that we assigned ourselves.

However, since they agreed to a ratio of 1:1.5, it’s like giving a discount of more than half.

Of course, one of the reasons Daehyun Motors started selling cars at such a low price was because they wanted us to take good care of them.

I heard this from Choi Soo-ri’s own mouth.

“Doesn’t that mean that I want you to become an ally who will definitely defend management rights in the future?”

I nodded.

“yes.”

“And no one else, not even Chairman Park Hee-sun, would ever diminish the value of the Daehyun Group.”

Everyone’s eyes are similar.

Choi Soo-ri also highly regards Park Hee-sun.

“Okay. Well, let’s do that.”

“I’ll make a call.”

“okay.”

Why do this important matter only over the phone?

Because we have not yet acquired the National Pension Service’s shares.

In other words, we had to write a contract agreement to acquire the 4.25% stake in Daewoo Mobis that the National Pension Service held, and then we could take that and exchange the stakes.

So, I knocked on the door of the National Pension Service while chewing over the agreed ratio.

“It’s been a while. Hahaha.”

Coincidentally, someone I had met before showed up at the meeting, and that person was none other than Na Bok-chun, the head of the National Pension Fund Management Headquarters.

Suddenly, something old comes to mind.

There was a scene where he came to me out of the blue, entrusted me with a large sum of money, and said he wouldn’t interfere······.

‘Well, in conclusion, it was a success.’

Was that why?

Since JTS was still successfully managing the National Pension Fund, Na Bok-chun smiled with satisfaction, and the conversation that followed went smoothly.

“I understand what you mean. However, we also need to hold a meeting and gather opinions, so please wait a little bit.”

He told me to wait, but somehow it felt like a formality.

Because I already noticed that there was communication between Daehyun Group and the National Pension Service.

As expected, even though it was a slow-moving civil servant organization, I received a call asking to meet the next day.

And that evening.

“We are thinking of 1.3 trillion at 4.25%.”

It was 200 billion more expensive than the current stock price, but it was actually not a bad amount.

I don’t know if it’s just unfounded confidence, but if we were to enter into a block deal with the National Pension Service, there was a high probability that institutional and individual investors would join.

Na Bok-chun also smiled and handed over his prediction to me.

“Wouldn’t this generate a much larger profit than the amount we were entrusted with managing?”

I laughed too.

Please, let that happen.