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...
When Park Jin Hyuk's car arrived at Qingyu headquarters, it was two hours after Sampoong Group issued the announcement.
After taking the elevator to the floor where the board meeting was held, Park Jin Hyuk was stopped by Qingyu's meeting secretary as soon as he got off the elevator.
"Excuse me, where are you going?"
"Isn't there an interim board meeting going on? I'm on my way to attend it."
“Only directors can sit on the board of directors…”
"You don't know, do you? I'm the vice president of DS and the actual controller of JH Investment. Qingyu's independent director Guo Xiji represents me, so you'd better get out of the way."
Hearing this, the conference secretary had to give way.
Park Jin Hyuk walked into the meeting room.
Seeing Park Jin Hyuk coming, the directors all stood up. After Park Jin Hyuk greeted everyone one by one, he sat down.
Li Zhenshu, who was sitting nearby, asked, "What are you doing here?"
"I rushed here after seeing the announcement released by Sampoong Group. I heard that Sampoong is not planning to participate in the paid capital increase?" said Park Jin Hyuk.
"What does this have to do with you?"
"How is it irrelevant? I am also a shareholder of Qingyu."
“Can shareholders participate in the board of directors?”
"Don't you think that by blaming me, you're blaming yourself? ...Now that Sanfeng isn't planning on paying for capital increases, I think there might be ways I can help."
"How can you help?" Li Zhenshu asked back vigilantly.
"Even though Sanfeng is no longer involved, we still have to increase our capital with compensation, don't we?"
"Aren't you against paid capital increases?"
"I'm against the paid capital increase?" Park Jin Hyuk turned to look at Kwak Seok-gi. "President Kwak, have you expressed your opposition to the paid capital increase at the board meeting?"
Guo Xiji shook his head and said, "I have never expressed any opposition to paid capital increase."
Park Jin Hyuk turned to Lee Jung Suk and said, "You see, you misunderstood. I agree with the paid capital increase."
"What is your purpose in supporting paid capital increase?" Li Zhenshu asked in return.
Everyone's eyes were focused on Park Jin Hyuk.
Park Jin Hyuk said: "The decision to increase capital with compensation was made by the Qingyu board of directors, and I respect the board's decision."
Lee Jung-sook felt a sense of foreboding from Park Jin-hyuk's tone.
A director said, "Now that Sanfeng Group has announced it will not participate in the paid capital increase, what should we do next?"
No one can answer this question, including Lee Jung-sook.
Park Jin Hyuk looked at everyone and said, "Although I'm not a director, I would like to make a suggestion regarding the paid capital increase. Is that okay?"
No one objected. After taking a sip of water, Park Jin Hyuk said, "Sampoong doesn't plan to increase its capital with compensation. Now there's only one way..."
A director asked, "Is DS Group planning to increase its capital?"
Everyone was looking at Park Jin Hyuk, and some directors had expectations in their eyes, hoping to get a positive answer from Park Jin Hyuk.
"No, DS cannot make paid capital increases." Li Zhenshu immediately objected.
"You are against DS's paid capital increase. I am afraid that you have selfish motives at work?" asked a director who had strongly opposed the paid capital increase.
"Is selfishness at work?" Li Zhenshu frowned.
"When you planned to bring in Sanfeng for a paid capital increase, we said nothing. Everyone knows your relationship with Sanfeng. Now that Sanfeng doesn't plan to do a paid capital increase, you're opposing DS's capital increase. What else could this be but selfish motives?"
"Isn't that too much?"
"Did I go too far? I shouldn't have chosen to increase capital in return."
Park Jin Hyuk raised his hands and said, "Please stop arguing... To be honest, DS Group had no intention of increasing capital with compensation from the beginning."
"What? DS has no plans for paid capital increase? Then what are you doing here?"
This is the question everyone, including Lee Jung-sook, has.
Lee Jung-sook asked, "Does DS really have no plans to increase its capital?"
"When have I ever told a lie?"
"That's great, that's great." Li Zhenshu said repeatedly.
"But if DS is also unwilling to increase capital, what should Qingyu do next?" said a director.
"If a third-party paid capital increase doesn't work, there's probably only one way out, right? That is for existing shareholders to increase their capital," said Park Jin Hyuk.
This is a method that everyone knows, but no one is willing to choose.
*** *** ***
The results of the South Korean election are out, and as expected, Zheng Qiying was elected as this president.
In Park Jin Hyuk's office, he was watching the report on the election results while discussing Qingyu's affairs with Zheng Zanyong.
"Do you mean to publish an analysis report that is not optimistic about Qingyu?" Zheng Zanyong asked.
“Don’t let us publish it, find another securities firm to write it.”
"No problem. A securities company has called me in the past two days, saying they are not optimistic about Qingyu's paid capital increase and asked for my opinion. They are also trying to find out if DS has any plans for a paid capital increase."
"Yesterday, at the Qingyu Group's interim board meeting, I made it clear that DS would not participate in the paid capital increase."
"Then Qingyu's next step will be difficult..."
"Yes," Park Jin Hyuk nodded with a smile, "Even under such circumstances, Lee Jung Suk still insisted on acquiring PJ Logistics."
"She also wants to acquire PJ Logistics? Should we spread this news as well?" At this time, Zheng Zanyong had the idea of shorting Qingyu.
"We can tell everyone, but we shouldn't short Qingyu."
"Vice President, shorting Qingyu at this time will definitely make a lot of money."
"I will take countermeasures myself, and DS Group just needs to wait and see." Park Jin Hyuk said meaningfully.
*** *** ***
After Zheng Zanyong left, Guo Xiji came to Park Zhenhe's office.
"President Guo, you have been working hard recently. You have to be responsible for JH Investment and also deal with the tasks I assigned to you." Park Jin Hyuk said.
"No, the company's investment projects have been progressing smoothly recently and don't require me to spend too much energy, so you're welcome."
After a brief greeting, they got down to business.
Guo Xiji said: "Currently, JH Investment has about 3 trillion yuan in available funds."
"I plan to sell some more shares of Asahi System Integration," said Park Jin Hyuk.
“Isn’t 3 trillion enough?”
"In theory, 3 trillion should be enough. I'm just in case."
"Where do you plan to use these funds?" Guo Xiji asked.
"To purchase Qingyu's shares."
Guo Xiji was surprised and said, "Didn't you clearly say that you would not participate in Qingyu's paid capital increase?"
"I said that DS Group will not participate in the paid capital increase, but I didn't say that I personally won't participate. Qingyu is considering a shareholder capital increase plan, but this method is bound to cause strong opposition from shareholders, so ultimately we have to choose a third-party capital increase."