Only Park Jun-wan and Park Jin-hyuk, father and son, were left in the conference room.
The two of them sat there, neither of them speaking for a long time.
After finishing the tea in front of him, Park Junwan spoke:
"Can you do that?"
"What do you mean?"
Park Junwan looked at the table and said:
"Let the creditors completely stop carrying out the bankruptcy proceedings of DS Energy. The problem is not just DS Energy, but more importantly, DS Heavy Industries."
"I'm afraid you're not just worried about DS Energy and DS Heavy Industries, right?"
Park Junwan raised his head.
"What do you mean by that?"
"If the creditors exercise their Full Option, I'm guessing the first thing they'll ask to deal with is your shares in DS Corporation, right?"
A bitter smile appeared on Park Junwan's face.
"Do you have to make it so clear?"
"You...don't want to hear it anymore?"
Park Jin Hyuk lowered his head and took a sip of tea.
Park Junwan sighed and said:
"If it were you, would you like to hear it?"
"I want to know what the creditors said."
Park Junwan said:
"Did you ask them to do that?"
"Do I need to tell you this? Of course they will make such a request."
Park Junwan looked at Park Jinhyuk.
"What did you promise them?"
“Sometimes you don’t need to give anything to others, you just need to prevent them from losing what they already have, and that’s how you can win their cooperation, just like what I did to you today.”
"Hahaha! ...You are really not simple. I underestimated you before."
Park Junwan laughed.
"Thank you for your approval."
"They asked me to give you the management rights. It's obvious they trust you more... Chief Zheng also came to me and urged me to give you my shares and relinquish my position as chairman. If I followed his wishes, he would coordinate with the creditors... I know he wants the shares in DS BioLogics."
"I think you did the right thing."
"Of course you're satisfied with this."
Park Jin Hyuk looked at Park Joon Man.
"If you don't do that, DS Energy and DS Heavy Industries will go bankrupt, and your shares will be at risk."
"This is all because of the trap you dug..."
"How can you say that? Was the acquisition of Qingyu Energy my decision? And whose decision was it to use the full option financing method? If you hadn't caused the problem, would public opinion have been criticizing you so relentlessly?"
Park Junwan was speechless.
Even though the trap was set by Park Jin Hyuk, it was Park Jun Wan himself who walked into it. Maybe he is unwilling to admit it, but that is the fact.
Park Jin Hyuk continued:
"In this way, DS Heavy Industries and DS Energy can be revived, and there is hope for DS Group."
"As long as you have confidence."
Park Junwan nodded slowly.
"You must keep DS Heavy Industries going. That's the company your grandfather founded. If it goes bankrupt, how can I face your grandfather again?"
"Don't worry."
As he spoke, Park Jin Hyuk stood up from his seat.
As he was about to say goodbye to his father, Park Junwan said:
"I will transfer the shares to you as soon as possible. You should also prepare to hand over the DS BioLogics shares to the government. Also..."
Park Junwan paused.
Park Jin Hyuk looked at his father respectfully.
Park Junwan said slowly:
"I also plan to move to Yangping."
"...You don't have to be so anxious. We can discuss it slowly."
"I plan to move out on my own. I don't want to wait for you to kick me out."
After a moment of silence, Park Jin Hyuk said:
“…..It’s up to you.”
After saying that, Park Jin Hyuk bowed to his father and walked out of the meeting room.
Seeing Park Jin Hyuk coming out, Jin Junyu stepped forward and asked carefully:
"Chairman, I wonder what the president said?"
"Director Jin, if I become the director, what should I call you?"
"You...you also plan to resign?"
"What are you resigning for? I have to keep moving forward...you should prepare to move immediately."
"Where are you moving to?"
"here."
Park Jin Hyuk pointed at the ground.
*** *** ***
At the subsequent DS Group executive meeting, Chairman Park Joon-wan announced the establishment of a new business strategy department, which will be headed by Park Jin-hyuk, the current chairman of DS Telecom.
At the same time, the Business Strategy Office was granted all management rights so that it can focus on overcoming the current crisis facing the DS Group.
Once the news was announced, it caused a shock in the entire business community.
Although Park Joon-wan has not announced his retirement, everyone is saying that this actually means that Park Joon-wan has transferred the management rights to Park Jin-hyuk, and DS Group has entered the countdown for the new chairman to take over.
When they first heard the news, everyone was skeptical about the young Park Jin Hyuk.
But DS Energy's creditors issued a welcoming statement, allaying some of those concerns.
AB Bank, on behalf of the creditors, clearly stated that it believes Park Jin Hyuk can lead DS Group out of its predicament, so it plans not to execute the Full Option for the time being.
DS's stock stopped falling after the news broke.
Although the decline has been stopped, there is no sign of a rebound in stock prices as oil prices remain sluggish.
On this day, Secretary Huang accompanied Park Jin Hyuk to the Business Strategy Office and introduced:
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