The next morning, Kim Jun-woo was reporting the situation to Park Jin-hyuk.
"Chairman, the Blue House has called several times. How do you think we should respond?"
"Who's coming?"
"Chief Secretary Kim Jae-yeon."
"Just say I'm busy."
Seeing Kim Jun-woo looking embarrassed, Park Jin-hyuk said:
"Director Jin, don't you see how much work is piled up on my hands?"
Last night, oil prices were around $25, but now they are close to $20.
After today's opening, DS Energy once again hit the limit down, and DS Heavy Industries also followed suit, meeting the conditions for triggering the Full Option.
Park Jin Hyuk asked Kim Jun Woo:
"Have the creditors said anything?"
"They said they were in a meeting to discuss the matter."
"I guess they're just stalling for time, knowing that DS Heavy Industries will continue to fall."
"There's this possibility. Once the Full Option is triggered, they will have to be compensated for the difference between the benchmark share price and the current share price. So the more the stock price falls, the more they will benefit."
"The situation isn't good..."
Park Jin Hyuk shook his head repeatedly.
After thinking for a moment, he said:
"This is the only way for now."
In the following days, the share prices of DS Energy and DS Heavy Industries continued to fall.
Oil prices fell to the range of $20 to $10, and the bankruptcy of DS Energy became inevitable. Even DS Heavy Industries was facing the crisis of bankruptcy.
Experts are discussing this topic on financial shows on TV.
"If the Full Option is triggered, the compensation that needs to be paid to creditors will reach 15 trillion."
"That's a pretty staggering number."
"If the share price continues to fall, the amount of compensation will increase, and the entire DS Group may be in danger."
"Because of one wrong decision, the entire group was ruined."
"Yes, Chairman Park Junwan's move is related to the life and death of the entire group."
Park Jin Hyuk sat quietly on the sofa, watching TV.
His cell phone has been turned off for two consecutive days.
He cut off all external contacts, neither answering the phone nor seeing anyone.
Yesterday, Park Junwan and Lee Jong-woo came to see him one after another, but he did not show up both times, saying that he was not in the company.
The current situation has changed beyond his expectations and has become extremely serious.
Over the past week, DS Energy's stock price has fallen 70%, from $100,000 per share to $30,000.
DS Heavy Industries' stock price fell by almost half, from 120,000 yuan per share to 70,000 yuan.
In this case, DS Heavy Industries will need to pay creditors 50,000 yuan per share. As experts have commented, DS Group is facing a huge survival crisis.
The experts continued:
"Is there any chance that the share prices of DS Energy and DS Heavy Industries will rebound?"
"There's only one solution, and that's to get DS Pharmaceuticals' vaccine on the market as soon as possible. I heard the Phase III clinical trial results are very promising. If the vaccine can be brought to market soon, DS Group should still be saved."
"DS Pharmaceuticals also has some problems."
"Yes, DS BioLogics' production capacity is currently limited. They didn't seem to expect that the R&D progress would be so smooth. Now, time is of the essence for DS Group."
In fact, the opinions expressed by this expert were disseminated by Shi Zhengwan at the instruction of Park Jin Hyuk.
In fact, DS BioLogics has already started trial production and has produced a number of finished products.
"Chairman..."
At this time, Jin Junyu pushed the door and walked in.
"It's time to go."
"Does headquarters know about today's meeting?"
"Know."
"The president didn't say anything?"
"The president is not at work today."
"Um……"
Park Jin Hyuk stood up.
Today, DS Energy's creditors planned to hold a meeting at AB Bank and they invited Park Jin Hyuk to attend the meeting.
Jin Junyu said:
"I heard that the creditors intend to exercise the Full Option."
"Of course they want to get their money back before DS Group collapses."
With that, Park Jin Hyuk walked out of the office.
On the way to AB Bank, Jin Junyu asked his boss:
"Chairman, what do you think is the purpose of the creditors inviting you to attend the meeting?"
"I think there's only one purpose, which is to get me to pay off my father's debts... In short, he wants to get something from me."
After hearing Park Jin Hyuk's answer, Kim Jun Woo fell silent.
It wasn't long before we arrived at the AB Bank headquarters in Euljiro.
After Park Jin Hyuk and his group got off the car, they were greeted by the AB Bank staff who had been waiting downstairs.
"Hello."
"I'm not late, am I?"
Park Jin Hyuk was late on purpose.
"No, please follow me."
Under the guidance of this staff member, Park Jin Hyuk came to the meeting room.
There were already more than 10 people sitting in the conference room, all from banks and the government, and they were discussing something.
Except for one or two faces, Park Jin Hyuk didn't recognize most of them.
He greeted:
"Hello everyone, I'm Park Jin Hyuk from DS Group."
"Chairman Park, please come in. I'm Zhang Douhong from AB Bank."
Park Jin Hyuk held Jang Doo Hong's hand and said:
"I didn't expect to meet you here."
"Yeah, long time no see."
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