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 400 The Mysterious Participant

At this time, at the instruction of Jin Chengren, the president of a Qingyu subsidiary stood up and walked onto the podium.

The host introduced, "Now, please welcome President Wen Dezhen of Qingyu Trading Company to speak."

"Dear shareholders, I am Wen Dezhen from Qingyu Trading Company. I believe that if we introduce investment from Sanfeng Group, Qingyu will eventually be controlled by Sanfeng Group. Therefore, I am clearly opposed to this."

Although Wendezhen's speech was brief, it was powerful.

Wen Dezhen is also Han Junhuan's old subordinate. He is known for his decisiveness and efficiency. Whenever Han Junhuan encounters difficult problems, he will hand them over to him.

Therefore, his statement had a huge impact on the shareholders' psychology.

Wen Dezhen continued, "Qingyu's board of directors has been vacant for a long time. One of the reasons for the current situation is that the board of directors is not fully staffed. Therefore, I propose that this shareholders' meeting elect a qualified director to fill the Qingyu board of directors."

Faced with Wen Dezhen's sudden proposal, the host was a little overwhelmed.

At this time, Qingyu, a man sitting next to Jin Chengren, walked up to the podium and said, "I am the head of the Qingyu Human Resources Committee. Based on the proposal just made by President Wen Dezhen, on behalf of the Qingyu Human Resources Committee, I recommend to the conference Mr. Guo Xiji, the president of JH Investment, as a candidate for the director of Qingyu Corporation. Mr. Guo Xiji once worked at DS Group..."

The audience became agitated again.

"What's going on? JH Investment is the parent company of American Rising Sun System Integration, right?"

"I heard that the current market value of Sunrise System Integration has reached 50 trillion..."

"Moreover, some time ago, JH Investment made a lot of money through crude oil trading and helped DS Energy out of the crisis."

"The real owner of JH Investment is Vice Chairman Park Jin Hyuk..."

"So you're against Sanfeng Group investing, but you welcome DS?"

"Vice Chairman Park Jin Hyuk's wife is Qingyu's eldest daughter. Compared to Sanfeng, DS Group has more status. DS Group's current development momentum is no less than Sanfeng's."

"Hmm..." The shareholder nodded.

The head of the Qingyu Human Resources Committee concluded, "In summary, we recommend JH Investment's President Guo Xiji as the new director candidate."

All shareholders could see that Han Junhuan's old subordinates had all sided with Park Jin Hyuk.

Li Zhenshu quickly winked at her personal secretary.

The secretary immediately took the stage and whispered a few words to the host, who then said, "Please be quiet! Fellow shareholders, due to a lack of funds, Qingyu will be forced to seek third-party capital injections. Therefore, we have proposed raising the upper limit of paid capital injections. Please understand and support this! We will now vote on this proposal."

Someone in the audience immediately shouted, "Why don't we vote together on the motion to appoint new directors?"

"The motion to appoint a new director should be voted on together, otherwise I will refuse to vote."

No matter how the host tried to get everyone to be quiet, the shareholders' voices of objection continued.

Finally, the host had no choice but to announce, "Dear shareholders, the proposal to amend the capital increase limit in the articles of association and the proposal to appoint new directors to the board of directors will be voted on together. Shareholders, please confirm your shareholder status in order and then vote."

The result of the vote was that both motions were passed.

Guo Xiji was successfully elected as an independent director of Qingyu’s board of directors for a term of two years.

*** *** ***

Knock, knock, knock. With the sound of knocking on the door, Jin Junyu walked in.

"Vice President, you're looking for me?"

"Well," Park Jin Hyuk said, "at yesterday's Qingyu shareholders' meeting, there was a man sitting in the back row who left very late. Do you remember him?"

After trying for a long time, Jin Junyu shook his head and said, "No."

After the host announced the end of the shareholders' meeting, Park Jin Hyuk stood up and talked to Kim Sung In for a few more words.

The shareholders walked out of the venue in twos and threes, but there was a man sitting in the back row who was reluctant to leave. Park Jin Hyuk accidentally glanced at the value above his head, 1.2 trillion (about 6.3 billion RMB)!

This is an extremely rare value, completely at the level of a chaebol chairman.

Park Jin Hyuk asked, "Are there any special people among Qingyu's shareholders?"

"Which aspect do you mean?" Jin Junyu asked.

"For example, there are people who rarely show up in public but are very famous. Are there such people?" Seeing that Jin Junyu did not respond, he said, "You can ask President Jin Chengren."

"yes."

Park Jin Hyuk felt that such a high-value person appeared at the venue in this way with only one purpose, which was to see with his own eyes what kind of person he was. He could not think of a better reason.

Pu Zhenhe pulled his mind away from his curiosity about the mysterious man and asked Jin Junyu, "Have you investigated the companies that Buchanan provided?"

"We've done the research. Please wait a moment." Jin Junyu went to get a few reports and placed them in front of Park Jinhyuk. "This is the research report on the three companies. It includes overviews, financial indicators, and valuations."

Park Jin Hyuk picked up the information and said, "Have these companies been listed for sale for a long time, or did he recommend them to us specifically?"

There is a difference between the two, and the latter usually has more investment value.

"These companies have not been for sale before, and it is unlikely that they will be sold publicly in the future."

"Oh? That seems all good."

Park Jin Hyuk flipped through the report and muttered to himself, "1 trillion...this one, 2 trillion...this one, 4 trillion?"

Jin Junyu glanced at his boss in surprise and explained, "Company A's acquisition cost is approximately 800 billion won, Company B's is around 1.5 trillion won, and Company C is a US-based joint venture in Russia. The US is willing to transfer their stake to us for 1 trillion won."

"A joint venture based in Russia?"

"Yes, it is a company controlled by the Russian side."

"I think Company C is good," Park Jin Hyuk said. "Give the company's information to President Qiu and ask him to research it. Then tell Buchanan that we are interested in this company."

Jin Junyu seemed a little hesitant and said, "Should we reconsider this carefully? Although Company C has the largest scale and output among the three companies, the US is only a minority shareholder."

"That's why I'm interested."

Looking at Park Jin Hyuk, Kim Jun Woo's face was full of confusion.

"Hurry up and give the information to President Qiu." As he said that, Park Jin Hyuk returned the information of Company C to Kim Jun Woo.

Then he asked, "What about the vaccine issue?"

"The Japanese government has made it clear that there is no problem with DS's vaccine and has pledged to work hard to eliminate public misunderstandings about the vaccine."

"Well, they finally straightened out their attitude."