Park Jin Hyuk asked again:
“Is DS Energy planning to sell off its assets?”
"We are planning to submit a related proposal to the board of directors, but DS Heavy Industries is opposed to it."
Park Jin Hyuk said seriously:
"Everyone, see? DS Heavy Industries and DS Energy are already mired in a deep quagmire. This could shake the foundations of the entire DS Group. I've convened this meeting today to discuss countermeasures."
Park Jin Hyuk glanced at everyone.
"DS Energy is insolvent and needs new capital, and the only source of capital is DS Heavy Industries. However, DS Heavy Industries' situation is also not optimistic, as it has provided substantial guarantees for Brazilian projects. However, there is good news: the government has agreed to provide a guarantee for DS Heavy Industries. I recently met with Premier Wang and reached an agreement with him on this matter."
Everyone knew that the government agreed to provide a guarantee for DS Heavy Industries, but no one expected that this was something Park Jin Hyuk had fought for.
"However, the government's guarantee is conditional, which is that business owners must have a responsible attitude."
The business owner here refers to Park Junwan.
Xuan Yizhu asked carefully:
"Will the president agree to this condition?"
Park Jin Hyuk did not answer Xuan Yizhu, but turned to ask Mao Dayong:
"President Mao, when will the vaccine research and development be completed?"
"I am doing my best to push this forward. If everything goes well, it will take four months, no more than six months."
"Why does it take so long when the second phase of clinical trials has already been completed?"
"Yes, because the Ministry of Health and Welfare provided a green channel, we were able to move forward so quickly. Usually, vaccine development takes several years."
"Um."
Park Jin Hyuk nodded, then said to Xuan Yizhu:
"In other words, the epidemic will continue for another six months."
If the epidemic continues for another six months, not to mention DS Energy, even DS Heavy Industries may close down.
"We must at least preserve DS Heavy Industries, so I secured government support from Premier Wang, but at the same time the chairman also had to invest real money."
The conference room suddenly became silent.
Everyone has heard about the conflict between father and son Park Jin Hyuk and Park Joon Man.
But because the difference in strength between the two was so great, most people thought that this was just a quarrel between a disobedient son and a strong father.
However, Park Jin Hyuk has now put the struggle between him and his father on the table.
"What we all need to do now is to convince the chairman to take action to save DS Heavy Industries and DS Energy."
Park Jin Hyuk said so much, but no one responded.
Even close associates like Hyun Yi-soo remained silent.
Because Park Jin Hyuk is asking everyone to openly oppose Park Jun Man, the chairman of DS Group.
"Everyone here may not have a direct relationship with DS Heavy Industries and DS Energy, but we are all part of the DS family. DS Heavy Industries is like our Big Brother, and we cannot just sit back and watch it go bankrupt."
Having said that, Park Jin Hyuk picked up the water cup and moistened his throat.
"Everyone knows that I was clearly opposed to the Brazil project, but the chairman was stubborn and insisted on carrying out the project, which ended up plunging the entire group into a huge crisis."
Park Jin Hyuk looked around at everyone, and each of the participants had a serious expression.
Park Jin Hyuk said seriously:
"Don't be discouraged. Once the vaccine is successfully developed, coupled with the strong growth momentum of DS Telecom, the group will be elevated to unprecedented heights. Service businesses, led by Shinhan Hotel, will have the confidence to expand into new businesses. However, we first need to resolve the problems facing DS Heavy Industries. The government has already provided a solution, and we need to work together to convince the chairman to make a decisive decision."
The conference room was so quiet that even the sound of breathing could be heard.
Everyone knows that persuading the chairman to make a decision actually means asking him to use the shares of DS Corporation he holds as collateral.
Only the government could make such a request because it would be a threat to Park Jun-wan's life.
If anything goes wrong with DS Heavy Industries, Park Jun-wan's shares will decrease, and the beneficiary will obviously be Park Jin-hyuk.
Once you take this step, there is no turning back, and this is the same for everyone present.
However, except for a few close associates such as Hyun Yi-soo, no one else present knew how much equity Park Jin-hyuk actually held. The public information was that he only held 5%.
Therefore, many people find it incomprehensible that with such a huge gap in strength, how could Park Jin Hyuk dare to challenge his father?
Park Jin Hyuk said:
"I'm not asking you to make an immediate decision; I'll give you time to consider. Finally, I want to remind everyone that the economic situation will continue to deteriorate. For the safety of the entire group, we cannot allow DS Heavy Industries and DS Energy to continue like this. It's time to take action."
After saying that, Park Jin Hyuk stood up and walked out of the meeting room.
It also left a difficult problem to the people in the meeting room: who should they choose between Park Jun-wan and Park Jin-hyuk?
As soon as he walked out of the meeting room, Park Jin Hyuk gestured to Kim Jun Woo.
Jin Junyu walked over quickly, and Park Zhenhe whispered to him:
"Tell President Guo of JH Investment to make a counter-offer to the oil-producing countries in the Middle East, $3. If they are acceptable, sign the contract immediately."
Kim Jun-woo looked at Park Jin-hyuk. Because the price was too low, he was about to speak to confirm when Hyun Yi-soo quickly caught up.
"Chairman..."
"What's the matter?"
"Are you aware that the chairman is convening the DS Telecom board of directors?"
"Of course I know. I'm also a member of the board of directors. How could I not know?"
Park Jin Hyuk replied with a smile.
"I'm leaving Seoul temporarily to deal with this upcoming board meeting. Is it in three days?"
"Yes."
"DS Energy's board of directors will convene on the same day."
"Same day?"
"Yes."
Xuan Yizhu asked hurriedly:
"What's the topic?"
"A plan to support DS Energy."
After hearing this, Xuan Yizhu was stunned.
*** *** ***
The day came for DS Communications to hold its board meeting.
The conference room is simply decorated.
Park Jin Hyuk arrived at the venue in advance and asked Kim Jun Woo:
"What time does DS Energy start?"
"The plan is at 12 o'clock. Once this side starts, that side will start right away."
"Well... the show is about to begin."
Park Jin Hyuk muttered to himself.
More than 10 minutes later, the directors began to enter the meeting room one after another.
Park Jin Hyuk smiled and said:
"Please come in. Did you have a smooth journey?"
"smoothly."
"Hey, Chairman, why are you here first?"
The director who walked in said embarrassedly.
"As the host, of course you should be there first to wait for the guests."
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