Zheng Zanyong said:
"After all, stock price fluctuations are difficult to predict. If DS Energy's stock price really drops by 30%, the Full Option will be linked to DS Heavy Industries' stock."
"Is this the second safety valve?"
"Yes, it is different from the first safety valve. If the Full Option is triggered, creditors have the right to sell DS Heavy Industries shares."
"Um……"
"DS Heavy Industries provided a huge guarantee to its subsidiaries and had just acquired West Aviation, so the situation was not optimistic..."
Having said that, Zheng Zanyong glanced at Park Junwan and continued:
“But I predict that DS Heavy Industries’ share price won’t fall any further.”
"That's right, Vice President Xin. You said that DS Heavy Industries' performance will improve in the future, right?"
Park Junwan looked at Xin Guoquan.
Xin Guoquan nodded.
"Yes, DS Heavy Industries' revenue this quarter was 7.2 trillion yuan, and we expect it to reach 8 trillion yuan next quarter. Operating profit will be the same as the same period last year, reaching 300 billion yuan."
“So, the current stock price is obviously too low.”
Zheng Zanyong then said:
"Yes, there's a high probability that DS Heavy Industries' stock price will rebound, which would prevent the creditors from triggering their put options at 80,000 yuan. If they sell, they'll lose money."
"In other words, creditors will have no choice but to remain tied to DS Energy."
"That's right."
"That's a really good idea."
Park Junwan said with a smile.
He rarely praises someone like this in public.
At this moment, voices of opposition were heard.
"President, I think we should assume the worst-case scenario."
Park Junwan turned around and saw that it was Xin Guoquan.
Without waiting for Park Junwan to speak, Xuan Yizhu also said:
"President, if something goes wrong with the prediction, it will be very difficult to deal with."
"...If DS Heavy Industries' stock price continues to fall, will we be able to cope? If DS Heavy Industries' shareholders knew we had made this decision, they might sue, and the DS Group's reputation could be destroyed."
Even Mao Dayong stood up and expressed his opposition.
Most people in the conference room nodded, expressing their agreement with Mao Dayong's opinion.
Park Junwan's prestige began to decline and his decisions were questioned, which was exactly what Park Jin Hyuk wanted to see.
Everyone's reaction is closely related to Park Junwan's always arbitrary paternal style.
In the past, no one dared to express different opinions, but the situation is different now.
"What do you mean by that?"
Park Junwan was very surprised by Xin Guoquan's behavior.
Before Xin Guoquan could answer, Jin Dongxi stepped forward and said:
"President, if we don't get the support of shareholders, the fundraising may fail, so we need to take a more proactive approach."
In the end, everything I have said today is just a prelude to this sentence.
"A more proactive approach? What do you mean?"
Xuan Yizhu answered for Kim Dongxi:
"Such a huge risk shouldn't be borne solely by DS Heavy Industries. I'm afraid you'll have to bear some of it as well."
Xuan Yizhu was promoted by the president, so he dared to say such words.
Mao Dayong clearly stated his opinion:
"I agree, and you should make a statement. Although DS Heavy Industries' share price has plummeted by half, shareholders haven't clamored for a shareholders' meeting to explain the situation. This suggests they understand us. However, that doesn't mean they don't have any objections. If they do, it might be too late."
Recently, due to the outstanding performance of DS Pharmaceuticals, Mao Dayong's words have become more influential.
Hearing these suggestions one after another, Park Junwan glanced at everyone.
He wanted to know if everyone thought the same, and found that many people looked at Mao Dayong with approval.
Noticing that Park Jin Hyuk didn't speak, Park Jun Wan took the initiative to ask:
"What do you think?"
“I think everyone’s opinions are reasonable.”
"Is there any reason for it?"
"If it were your own company, it would be easy, but DS Heavy Industries is a publicly listed company. As such, profits and risks should be shared. If shareholders believe your decision might harm their interests, they'll probably find it difficult to accept... If you decide to raise funds through a full option, then when the full option is triggered, you'll need to pay compensation to the creditors. If you also bear some of the responsibility, it will be easier to convince shareholders to accept."
Park Junwan was obviously dissatisfied with Park Jin Hyuk's answer.
He leaned forward and said to Park Jin Hyuk in a very low voice:
"Have you ever thought about this? If you treat me like this now, you might be the next one."
Park Jin Hyuk immediately replied:
"Are you saying that because he's the guild leader, everyone should obey his orders unconditionally?"
"If this is the case now, would it be better if you sat in this seat?"
"Isn't it common sense that when you make a decision, you should also take the corresponding responsibility? If it were me, I would never shirk my responsibility."
Park Junwan knew that there was no point in saying more.
He lowered his head and thought for a while, then asked Zheng Zanyong:
"What do you think the future direction of oil prices will be?"
"If oil prices are not expected to fall, this approach would be feasible. Low oil prices are reducing the Brazilian government's fiscal revenue, which has led to a lack of enthusiasm for restarting power plant projects."
Zheng Zanyong's answer was somewhat irrelevant to what he heard, and he actually threw the question back to Park Junwan.
Park Junwan said:
"The core issue now is how oil prices will change..."
"There are rumors that major oil-producing countries are preparing to meet to discuss production cuts."
"etc."
Park Junwan interrupted Zheng Zanyong and turned to look at Park Jinhyuk.
“When are you going to start buying crude oil?”
Park Jin Hyuk was stunned.
"Why do you ask that question?"
"I heard that old man Li Zhongwu has already taken action. Was it you who suggested it to him?"
"I haven't said anything to him."
"That was his own decision?"
"Maybe he heard some news."
"I think you gave him some hint."
"Does that count as a hint?"
Park Jin Hyuk's answer sounded very ambiguous.
This actually aroused Park Junwan's interest even more.
"Tell me, what news did you give him?"
"Is this important?"
"Of course it's important. Didn't President Zheng say that? The trend of oil prices will determine whether or not to adopt this approach."
Park Jun-wan pointed out in public that Park Jin-hyuk holds the key to oil price changes.
Unintentionally, Park Jin Hyuk's status improved.
Park Jin Hyuk replied calmly:
"I didn't say anything special to Grandpa."
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