I Become a Chaebol in Korea: Unique Insight

After experiencing a tragic car accident, Liu Zhengjie, whose ancestors were from China and who was now an ordinary Korean worker, woke up to find himself the eldest son of the powerful Korean chae...

Chapter 399: Confrontation at the Shareholders' Meeting

After entering the venue and seeing President Kim Sung-in, Park Jin-hyuk walked over and started greeting him.

Jin Chengren pointed at the people beside him and said, "Let me introduce you. These are the presidents of Qingyu's subsidiaries. You may not know some of them yet."

"Hello everyone, I am Park Jin Hyuk." Park Jin Hyuk said with a smile.

The presidents stood up one after another and shook hands with Park Jin Hyuk.

After the pleasantries, Park Jin Hyuk whispered to Kim Sung In, "President Kim, why did Lee Jung Suk convene this shareholders' meeting when she knew the proposal hadn't passed the board's review?"

"I've been thinking about this too..."

"Could it be that they want to take advantage of the rumor crisis I'm in to try it out?"

"That's a possibility. Another possibility is to use the Sanfeng Group's influence in the industry."

"Well, the directors certainly don't want to bring in Sampoong Group, but the shareholders may have different ideas... Let's proceed according to our prior agreement." Park Jin Hyuk said.

"yes."

Park Jin Hyuk nodded and sat down in his seat.

Not long after sitting down, Jin Junyu reminded him: "Vice President, your aunt Li Xianming is here too."

Park Jin Hyuk turned around and saw Lee Seon Myeong and Lee Jung Suk shaking hands and talking about something.

"I told you something in the car, do it right away."

"Yes, I'll spread the news right away."

Seeing Kim Jun-woo leaving, Park Jin-hyuk stood up and walked towards Lee Sun-myeong and Lee Jung-sook.

Han Ji-yeon also stood up and followed, and Park Jin-hyuk said, "You don't have to come."

"Why? Have you forgotten the reason why I married you?" Han Ji-yeon smiled at him, then took Park Jin-hyuk's arm and walked towards Lee Jung-sook, saying as she walked, "I want to see with my own eyes how you defeat these people. Maybe I can help."

Coming up to the two people, Han Zhiyan said, "Aunt, long time no see, why are you here too? I didn't expect you knew my stepmother. How come I didn't know before?"

Li Shanming and Li Zhenshu were stunned at first. They were ready for a head-on confrontation with Han Ji-yeon and Park Jin-hyuk today, but they didn't expect the other party to come over and say hello to them.

Park Jin Hyuk also said: "Yes, Auntie, long time no see. Today is Qingyu's shareholders' meeting. Why are you here too?"

"I'm also a shareholder of Qingyu, so of course I have to attend."

“Are you also a shareholder?”

"You didn't expect that, did you? Although it's not much, I also hold shares in Qingyu." Li Shanming said with a smile, "There have been a lot of rumors about you recently."

"What rumor?" Park Jin Hyuk pretended to be surprised.

"I don't need to say it explicitly, everyone in the world will know it soon."

"Really? How is that possible?"

"I'll let everyone know." Li Shanming sneered.

Feeling that the atmosphere was a little off, Li Zhenshu pretended to persuade: "President Li, there are still so many people here, that's enough."

Li Shanming refused to give up. "I just want everyone to see his true face. Isn't he plotting against Qingyu again?"

Looking at Li Shanming, Park Jin Hyuk slowly said, "Is Xianxu okay now?"

"What do you mean?" Li Shanming asked, but a sense of foreboding had already risen in his heart.

"Is he still working at Dongjing Industry?"

"What's the matter? What's wrong with my grandson working in the company founded by his grandfather?" Li Shanming said loudly.

"The meeting is about to start, let's go." Li Zhenshu pulled Li Shanming and turned to leave.

Park Jin Hyuk said to Lee Sun Myeong: "Whoever started those rumors about me will be held responsible for clearing them up."

Li Shanming stopped and Park Zhenhe turned and left without saying anything else.

After sitting down, Park Jin Hyuk said something to Kim Jun Woo, and Kim Jun Woo immediately walked out of the venue.

Han Ji-yeon said to Park Jin-hyuk, "Why does your aunt speak so harshly? She's so arrogant."

Park Jin Hyuk put his hands on his chest and said, "Just wait and see."

The shareholders' meeting was about to begin, and people who were chatting in groups of three or four sat down in their seats.

The agenda of today's shareholders' meeting is to discuss the amendment of the provisions regarding capital increase in the company's articles of association.

The issue of introducing Sampoong's funds failed to pass at the informal board meeting, so Lee Jung-sook planned to amend the company's articles of association to achieve her goal in a roundabout way.

The host walked up to the podium and said, "Dear shareholders, welcome to today's extraordinary general meeting. The agenda for today's meeting is to discuss amending the clause in the company's articles of association regarding the maximum amount of paid capital increase. The current provision caps the amount of paid capital increase at 50 billion, and we plan to amend it to 1.5 trillion."

Such a huge adjustment made the venue quiet down all of a sudden.

"What is the reason for this adjustment?" someone asked below.

"The reason is that we plan to raise the upper limit of paid capital increase in order to raise funds for the upcoming acquisition."

The shareholders began to discuss among themselves.

Usually, paid capital increase will cause the stock price to fall, but recently due to rumors of a struggle for control, Qingyu’s stock price has risen sharply, and it seems that it can withstand the decline caused by paid capital increase.

But at this moment, Jin Chengren stood up and said, "I am Jin Chengren from Qingyu Steel. Today I am not attending the meeting as a company manager, but as a shareholder."

He glanced around at the shareholders in the meeting room and continued, "As far as I know, the third-party capital increase proposal was rejected by Qingyu's board of directors not long ago. Why was the rejected proposal submitted to the shareholders' meeting?"

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