Chapter 407 Your Value Has Increased



"Why?" Li Xianyu asked.

"Originally, the US gave this project entirely to DS, but Sanfeng swooped in mid-way and teamed up with several other companies to snatch up more than half of the project. Now they're saying they want to get involved in the construction of the power station. Will they even get involved in the recycling of used batteries in the future?"

Li Xianyu did not answer, it seems that what Park Zhenhe said was right.

"I admit that Sanfeng is very powerful, but since this is business, there should be give and take. You want more, so what can you give me?"

"Ah~, I was just about to tell you that I have prepared a generous gift for you. I believe you will be satisfied."

"What kind of gift?"

"It's Qingyu."

"What does this mean?"

Li Xianyu smiled and said, "I have always supported Qingyu behind the scenes. I believe you can see it."

"My mother-in-law keeps talking about Sanfeng lately, how could I not see that?"

"Do you know why I support Qingyu?"

"Because of kinship?"

Li Xianyu waved his hand and said, "No, our relationship is not that deep."

"Why is that?" Park Jin Hyuk pretended not to know.

Li Xianyu looked directly at Park Jin Hyuk and said, "It's for Qingyu Logistics."

"Qingyu Logistics? What do you want it for?"

"To be precise, it's Qingyu Logistics after the acquisition of PJ Logistics."

"I see. Have you reached an agreement with Qingyu?"

Li Xianyu nodded. "We have reached a verbal agreement. As long as the acquisition of PJ Logistics is successful, Sanfeng will buy Qingyu Logistics."

"How much did you offer?"

"Three trillion."

"Three trillion?" Park Jin Hyuk pretended to be surprised, but he was actually very happy in his heart. Sampoong's purchase of Qingyu Logistics was tantamount to buying a time bomb.

Li Xianyu continued, "Originally, I was interested in the entire Qingyu Group, but now I have changed my mind. I plan to give Qingyu Group to you in exchange for the solar energy project."

"Haha, it sounds like Qingyu already belongs to Sanfeng." Park Jin Hyuk laughed.

"If I want to, do you think I can't get it?" Li Xianyu said bluntly.

Park Jin Hyuk smiled and did not refute, which was considered as his consent.

*** *** ***

In the office, Kim Sung-in is reporting to Park Jin-hyuk about his meeting with Lee Seon-woo.

"Today is the third time, and just like the previous two times, he still hopes that I can stand with him," said Jin Chengren.

"How did you answer him?"

"I kept putting it off, saying I needed to think about it, but he seemed impatient and asked me to clarify my position as soon as possible."

"How much did he promise to give you?"

"2 billion (about 10.58 million RMB)."

"Your worth has increased." Park Jin Hyuk teased with a smile.

Jin Chengren said seriously: "For me, the most important thing is not money, but Qingyu's future."

"If President Han could hear this, I believe he would be very pleased."

"Vice President Park, Sanfeng is too arrogant. I hope you can stand up and lead everyone to fight against Sanfeng. I have contacted more than half of Qingyu's senior executives, and they are all willing to support you."

"Did you know? I also met Li Xianyu just a few days ago."

"Have you seen him too?" Jin Chengren was surprised.

"He said he was willing to give Qingyu to me."

"Then why does he still ask me to support him?"

"All's fair in war. He didn't tell me the truth," said Park Jin Hyuk.

"Why is he so secretive?" Jin Chengren knew that with Sanfeng's strength, he could definitely have an open contest with DS.

"Trying to play a trick on me, or maybe he's planning some bigger conspiracy."

Jin Chengren said: "He underestimates you too much."

"A person in Lee Sun-woo's position is bound to be very conceited. I guess my face reading gave him a lot of wrong information," Park Jin-hyuk said with a smile. "Once they underestimate their opponents, they will let down their guard. We can take advantage of this."

Then he changed the subject and asked Jin Chengren, "Are you familiar with the people at Chengsheng Group?"

"Yes, we have always been competing in the steelmaking business."

"Please help me make an appointment with Chairman Choi Jung-woong of the Sung Seung Group."

"Okay, what's the reason?"

Park Jin Hyuk said, "I plan to be a matchmaker for my sister."

*** *** ***

Suddenly, Qingyu Group issued a notice to cancel the originally scheduled extraordinary general meeting of shareholders.

In the office, Guo Xiji was reporting to Park Zhenhe on the meeting of the Qingyu board of directors.

Park Jin Hyuk asked, "Have you decided to increase capital by 2 trillion won?"

“Yes, the NT$2 trillion fund is intended to be used to acquire PJ Logistics.”

“What is the current valuation of PJ Logistics?”

"It's around 1.5 trillion yuan, but there are rumors in the market that this acquisition project may be aborted."

"If the valuation is 1.5 trillion, then 2 trillion in funds must be prepared."

"If the capital increase is 2 trillion yuan, I'm afraid the company's articles of association will have to be revised again."

Because Qingyu’s current total market value is 6.5 trillion won.

The company's articles of association stipulate an upper limit for capital increases, and also stipulate that a single capital increase cannot exceed 30% of the company's total market value. If the capital increase is 2 trillion yuan, it will violate this clause.

"I'm afraid Qingyu's shareholders will not agree to amend the articles of association again." Guo Xiji said doubtfully.

"Well, but there are other ways," said Park Jin Hyuk.

Guo Xiji understood that it would be very appropriate to use 2 trillion to acquire 30% of Qingyu's shares, and Park Zhenhe had this plan.

30% of the shares plus the 5% held by Han Ji-yeon is 35%. If a small amount of shares is purchased on this basis, the management rights of Qingyu can be controlled.

Park Jin Hyuk said, "President Guo, you can vote in favor of the capital increase proposal."

"Yes." Guo Xiji nodded.

"Also, I plan to visit Rising Sun System Integration and Lucas next week. Please say hello to them in advance."

"You plan to visit these two companies in the United States?"

"It's not really an inspection. I haven't seen Luo Minhao for a long time, so I plan to go over and take a look."

"That's great. Luo Minhao has been talking about it too. He hopes you can go over and take a look."

"That's perfect."

When they returned to the mansion at night, before Park Jin Hyuk told Han Ji Yeon that he was going on a business trip to the United States, she said, "You are going to the United States next week, and I will go with you."

Han Ji-yeon has already learned about Park Jin-hyuk's schedule from Kim Jun-woo.

"I went to the United States on a business trip, not for fun."

"I know. You can do your own things during the day, and I can go out and do things on my own. We can meet up in the evening. Is that okay?"

Park Jin Hyuk had no choice but to agree.

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