"You think a company with a market capitalization of 200 billion is only worth 1 Korean won? How did you calculate that?"
Lee Yong-bin replied, "PJ Logistics' role is just a general contractor. It subcontracts out all its business and has liabilities. Logically, its value should be negative, but a negative price is impossible in an acquisition, so we set it at 1 won."
Park Jin Hyuk knew that Lee Yong Bin was expressing his opinion on the acquisition of PJ Logistics in this way.
He persisted: "Is it possible to ask creditors to forgive all or part of the debt during negotiations?"
"We haven't considered this yet..." Li Yongbin replied.
Park Jin Hyuk emphasized, “We need PJ Logistics, so we should move forward with this work as soon as possible.”
Even if PJ Logistics is a shell company, you still want to acquire it?
Although they had this doubt, Li Yongbin and several team leaders did not raise it.
Park Jin Hyuk said: "For PJ Logistics, Qingyu's current offer is 300 billion yuan. I added another 100 billion yuan on top of that, but PJ Logistics did not accept this offer."
Lee Yong-bin looked at Park Jin-hyuk in surprise.
"Please spread this news." Park Jin Hyuk gave instructions to the Strategic Management Office.
"Spread the news?"
"Just say that DS Group plans to further acquire PJ Logistics based on Dongjing Transport, and also mention that DS Group and Qingyu are competing for PJ Logistics."
"Yes, I understand...but..."
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