Before Guo Xiji came, Park Zhenhe still had a lot of things to deal with.
Since taking control of the entire group's management, he has been busier than before, but he enjoys this working state.
In his previous life, when Park Jin Hyuk was still a wage earner, he was used to working hard, and the busier he was, the more fulfilled he felt.
As it was getting close to evening, Guo Xiji came to Park Zhenhe's office.
After taking charge of JH Investment, Kwak Seok-gi and Park Jin-hyuk became closer personally, but the two did not have many opportunities to meet.
As soon as Guo Xiji sat down, Park Zhenhe asked, "What's the oil price like these past two days?"
"It has now rebounded to over $20, and if nothing unexpected happens, it will soon reach $30."
“Under what circumstances will it take to reach $40?”
Guo Xiji thought for a moment and said:
"A return to $40 would be a return to where we were before."
"When you say originally, do you mean before the Paris flu?"
"Yes, if economic conditions can return to pre-pandemic levels, oil prices can recover to $40."
"Um……"
Park Jin Hyuk fell into deep thought.
Although vaccine development is about to be completed, it will still take a long time to carry out large-scale vaccination.
Moreover, there is a possibility that the virus will continue to mutate, so no one can predict when the economy will be able to return to its pre-epidemic level.
"Where is the crude oil now?" asked Park Jin Hyuk.
"In the sea off the east coast of India."
"Let's put it this way: once the price of oil reaches $35, sell the crude oil."
“You don’t want to wait until the price gets back to $40?”
"I don't want to earn my last penny. There will be plenty of opportunities to make money in the future."
The future epidemic situation is difficult to predict, and Aramco only agreed to pay for three months of ship rental, so Park Jin Hyuk plans to sell the crude oil in his hands within three months.
"Is there anything else to report?" Park Jin Hyuk asked again.
"The IPO applications of Rising Sun System Integration and Lucas have been submitted to the U.S. Securities and Exchange Commission. If nothing unexpected happens, they will be approved soon. After the listing, Rising Sun System Integration will be able to raise no less than US$5 billion."
"Where's Lucas?"
"It will be less than the Rising Sun system integration, estimated to be around US$1 billion."
"In that case, the value of these two companies is expected to exceed the DS stock I hold."
"Yes, the current valuation of Asahi System Integration is $15 billion, and it's estimated to easily reach $20 billion after the IPO. Your 30% stake is worth $6 billion, which converts to 7 trillion won. Lucas's value could reach 1 trillion won, and they will indeed become your most valuable assets."
From this, Park Jin Hyuk fully felt the importance of corporate internationalization.
Afterwards, Guo Xiji reported to Park Jin Hyuk that former Minister of Land, Infrastructure and Transport Kang Moon-sik was amassing a lot of wealth.
"...Jiang Wenzhi's party is considering how to calm external public opinion."
Park Jin Hyuk frowned and said, "What does Jiang Wenzhi's illegal accumulation of wealth have to do with me?"
"Jiang Wenzhi's son is about to get married to your sister, and I'm worried that this matter may affect DS Group and you."
Not long ago, Zheng Qiying also mentioned this to him.
"Jung Ki-young told me about this a few days ago," said Park Jin-hyuk.
"Oh? I heard that Jiang Wenzhi and Zheng Qiying belong to the same political party, but belong to different factions, and they fight very fiercely."
"Zheng Qiying should have the upper hand now, right?"
"Neither side is willing to give in. Originally, Jiang Wenzhi's faction had the upper hand, while Zheng Qiying belongs to a new force that is poised to rise suddenly."
Among the government ministries, the Ministry of Land, Infrastructure, Transport and Tourism was originally more important than the Ministry of Health and Welfare, but this has changed since the outbreak of the influenza epidemic.
Recently, thanks to the outstanding performance of the Ministry of Health and Welfare, the influence of Chief Minister Jung Ki-young has increased significantly.
"What exactly is the story behind Kang Moon-sik's illegal money-making?" Park Jin-hyuk asked.
"His illegal accumulation of wealth was discovered this way: after the house lease contract expired, the tenant demanded the return of the deposit, but the landlord claimed that the house didn't belong to him, that the real owner was Jiang Wenzhi, and that he was holding it on his behalf... Further investigation revealed that he had concealed approximately 20 billion yuan in real estate and had not declared it. Strangely, the landlord had originally wanted to find a new tenant and transfer the new tenant's deposit to the old tenant, but Jiang Wenzhi disagreed, and the matter became a big deal."
"Why would he object?" Park Jin Hyuk also felt very strange.
"The reason is unknown. All we know is that the tenant is not an ordinary person, but the secretary of Qingyu Group."
"What? The secretary-general of Qingyu Group?" Park Jin Hyuk was surprised.
"The tenant is Han Shenghao, the secretary-general of the Qingyu Group. The party to which Jiang Wenzhi belongs has decided to expel him from the party because they are worried about being implicated in the scandal."
Park Jin Hyuk asked, "Do you know where Han Seong Ho moved to?"
"Why do you ask that question?"
Guo Xiji was puzzled, so Park Zhenhe told Guo Xiji about the changes within Qingyu and his planned actions, but he did not tell him about Han Junhuan's disappearance.
Guo Xiji nodded after hearing this. "So that's how it is... I also think you need to take action to deter the other party."
Then he looked at the Qingyu equity structure projected on the screen and continued:
"I agree with Team Leader Jin's suggestion to start with Qingyu Property & Casualty Insurance and shake up its stock price."
"I basically agree with Mr. Kim's suggestion, but the slight difference is that the stock price should not be suppressed..." said Park Jin Hyuk.
Having said that, Park Jin Hyuk stopped talking and looked at Guo Xiji with a smile.
"You mean not to push down the stock price, but to push it up?"
"Yes," Park Jin Hyuk pointed a laser pointer at Qingyu's parent company. "As the heir, the biggest headache is not the falling stock price, but the rising stock price, because you have to pay more taxes."
Guo Xiji nodded. He had witnessed with his own eyes that if Park Zhenhe took advantage of the market conditions of DS Energy and DS Heavy Industries to suppress the share price of DS Corporation, he could save a lot of taxes.
"You are responsible for raising the stock price of Qingyu's parent company..." Park Jin Hyuk gave instructions to Guo Xiji.
Guo Xiji asked, "Do you mean to acquire Qingyu Property and Casualty Insurance?"
The 1 trillion yuan of funds prepared for crude oil trading are still in Guo Xiji's hands and have not been spent. If he acquires Qingyu Property & Casualty Insurance, which has a market value of 300 billion yuan, it will be more than enough.
But Park Jin Hyuk shook his head and said, "We don't need to buy all of them. We only need to buy a symbolic portion of the stock and spread the news of our intention to acquire the company."
Guo Xiji nodded in understanding.
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