The news of the three executives being demoted quickly spread within DS Pharmaceuticals.
"Have you heard? Director Cui has been transferred to DS Pharma."
"It is said that he was transferred because he opposed Executive Director Park."
"Is this reasonable? To kick someone out just because they have a slightly different opinion? Everyone knows that DS Pharma is actually a shell company with little actual business."
"It all comes down to performance. Executive Director Park has done a great job since joining DS Pharmaceuticals. If it weren't for Executive Director Park, DS Pharmaceuticals wouldn't be where it is today, and BioLogics would have almost been sold. Now, BioLogics has become our core business. Isn't this all thanks to Executive Director Park?"
"Hmm, I wonder what Director Choi is thinking? The Executive Director is the president's eldest son. How can we go against him?"
"Manager Park was already showing some mercy. During the construction of DS, anyone he disliked was sent home directly."
There is a difference between being demoted and being ordered to resign. If you are demoted, you may still be reinstated.
But what everyone doesn’t know is that this demotion basically means the end of these people’s careers at DS Pharmaceuticals.
"Is this just the beginning? There will be a larger-scale purge later."
"A massive purge?"
"He's not here in the name of restructuring our organization, so he won't use a quick and dirty approach. He'll wait until he's firmly established before taking action."
Hearing this, the other staff member's eyes widened.
"So, we will also make organizational adjustments?"
"Don't worry. When DS Construction makes organizational adjustments, they mainly target the senior management. People below them can freely choose to resign, and the severance pay is very high."
"That's good, you scared me!"
"Having said that, organizational restructuring isn't necessarily a bad thing. After the restructuring, if performance is good, bonuses will be very generous."
"Really? That's a good thing."
This was the reaction of ordinary employees, but unlike them, the executives were all terrified.
No one dares to stand up and oppose Park Jin Hyuk anymore because they are worried about following in Director Choi's footsteps.
Two or three days later, Park Jin Hyuk finished his executive meeting and walked back to the office.
He said to Jin Junyu:
"What do you think of the effectiveness of the measures I've taken recently?"
"very good."
"Well, I'm also quite satisfied. Everyone is much more obedient than before."
As for Park Jin Hyuk, he certainly hopes that his subordinates are capable and that he can discuss and work with them.
But to his disappointment, apart from Mao Dayong and Shi Zhengwan, he did not find many capable people or people with high numbers in their titles in DS Pharmaceuticals.
Therefore, Park Jin Hyuk does not discuss too much with these executives and directly gives them work instructions. So this current atmosphere is what he needs.
Seeing that Park Jin Hyuk was in a good mood, Jin Junyu continued:
"Manager Park, the area you asked me to focus on has recently begun to take action."
Park Jin Hyuk immediately put out the cigarette in his hand into the ashtray and looked up at Kim Jun Woo.
"Really? What exactly happened?"
Jin Junyu said:
"We discovered that someone has been continuously buying DS Communications shares recently. The purchases were made through three accounts using five bank accounts. The account holders were apparently different, but the actual holders were all Vice Chairman Park Soo-wan."
"Oh? How much did you buy?"
"The number I have is 5% of the outstanding shares, but this is not the exact number. We only have the purchase volume of the accounts we have discovered. There must be accounts that we have not discovered."
"That is to say, at least 5% is currently under control."
"Yes."
"5%...how much was the stock my uncle previously held?"
“The amount reported to the Financial Supervisory Commission is 2%.”
"So, the total is 7%?"
"That's right."
"Um……"
A 7% holding doesn't mean much.
However, the continued purchases through accounts under borrowed names indicate that the other party is preparing to compete for telecommunications operating rights.
"That's not all."
"what else?"
"I discovered that President Park Kyung-man's account was also buying."
“How much did you buy?”
“At the beginning, the amount was not very large.”
As Park Jin Hyuk expected, the two uncles began to work together.
"This is a fight for control of DS communications."
"Yes, I guess they are planning to hold a vote after they have enough shares."
"What is the share held by DS headquarters?"
"DS Co., Ltd.'s holdings, plus those held by special relationships, amount to approximately 25% of the company."
"Does the special relationship include my uncle?"
"include."
"If you exclude my uncle's contribution, it's estimated to be around 20%..."
"Besides this, the second-largest shareholder, the National Pension Fund, holds about 10%, and the telecommunications company itself holds 10%. The rest are small shareholders and overseas investors."
When shareholders fight for control of a company, the National Pension Fund usually sides with the major shareholders.
Because the National Pension's investment philosophy is relatively conservative, once the major shareholder changes, the company's development strategy will change accordingly, which is not what it wants to see.
In this case, the major shareholder DS Co., Ltd. has secured a 30% say.
Now, the problem may arise with the 10% held by Communications itself.
"What is the evaluation of my uncle within the communications company?"
"It's not good, not bad, just average."
"Indeed, DS Communications' business is quite standard, so it's hard to judge the management's abilities."
Since 99% of the telecommunications business is domestic, as long as no major mistakes are made, the operating conditions will usually be good.
Domestic telecommunications companies in the country have limited numbers. It is nothing more than me taking some customers from you today and you attracting some customers from me tomorrow, so it is difficult to judge the management ability of the operator.
Park Jin Hyuk lowered his head and thought:
"Hmm...it's possible that my uncle has reached an agreement with the labor union."
"Will it?"
"It's very likely. Otherwise, they've just transferred the National Pension to their side... Wait, you just said 5%, right?"
"Yes, I've checked several times."
"How much is the amount? I remember DS Communications is quite large."
He had invested in stocks in the past, so he had some knowledge of DS Communications.
In response to Park Jin Hyuk's question, Kim Jun Woo placed the information in front of Park Jin Hyuk.
"A 5% stake has a market value of over 300 billion yuan." (approximately 1.6 billion yuan)
"300 billion?!"
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