Everyone knows what kind of ambitions Park Junwan had when he acquired Qingyu Energy.
But what we are facing now is such terrible business performance.
If this continues, DS Energy's annual losses will reach a record high of 7 to 8 trillion, which is more than a quarter's revenue.
Kim Dong-seok finally said:
"If this continues, the company may not survive the third quarter. Therefore, I am formally requesting headquarters to provide financial support to DS Energy."
The eyes of the participants fell on Park Junwan again.
"Didn't we just provide funding?"
"The 2 trillion provided by DS Heavy Industries is almost used up."
"So soon?"
It was hoped that DS Energy would be able to use those funds to survive this year.
Kim Dong-seok replied:
"We are currently carrying out impairment treatment on the crude oil we purchased when it was $30 per barrel. If the impairment treatment is completed, we may become insolvent and face the risk of delisting. Therefore, we need to inject new funds as soon as possible."
Park Junwan was speechless.
Because it was he who ordered the purchase of crude oil when it was $30 per barrel.
At the first quarter settlement meeting, he had to decide to provide financial support to DS Energy, but now only two months have passed and the 2 trillion has been used up.
"It is estimated that approximately 3 trillion yuan of funds will be needed."
Kim Dong-seok directly stated the required amount.
If we don’t explain the difficulties we are facing clearly, the company may close down tomorrow or the day after tomorrow.
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