Li Zhenshu said sharply, "You mean, if the capital increase fails, there's no need to hold Qingyu's shares?"
"Yes." Then, Park Jin Hyuk turned to the representatives of institutional investors and said, "I'd like to know your opinions. Do you agree or oppose my capital increase?"
Still no one answered.
"So you don't agree? Then I'll just quit..."
"Please wait a moment." A representative from XX Bank stepped forward. This bank held 600 billion won in Qingyu shares and loans. "Vice Chairman Park, as the representative of XX Bank, I agree with your capital increase. If you withdraw from Qingyu, we will consider requiring Qingyu to repay the loan in advance."
"What?!" Li Zhenshu was a little dumbfounded.
Then, representatives of other institutional investors said:
"I hold the same opinion. Qingyu can't go on like this. Changes must be made."
He said to Li Zhenshu, "You know XX Group, right? It was once very prosperous, with over 20 subsidiaries at its peak. But after the chairman suddenly fell ill, his wife took over the management, and the business went from bad to worse, eventually closing down. I hope Qingyu doesn't repeat the mistakes of XX Group."
Li Zhenshu couldn't help but frown. "Can XX Group compare with Qingyu? Qingyu will never fall to that level."
"I also hope Qingyu won't fall to that point. We've invested much more money in Qingyu than XX Group. If anything happens to Qingyu, the impact on us will be enormous."
"Do you mean you think I don't have the ability to manage Qingyu?" Li Zhenshu asked.
"We didn't say that..." The representative of the institutional investor turned his gaze to Park Jin Hyuk, hoping that he would speak out.
So, Park Jin Hyuk said: "Mother-in-law, the company can find a professional manager to manage it. People are raising such opinions not because of your ability."
"Why is that?"
“Because you hold too few shares.”
"I don't have enough shares?"
“Yes, as far as I know, you hold 8% of the shares?”
"But... you don't have much more shares than I do."
Park Jin Hyuk looked at Lee Jung Suk and said, "Since you asked this question, I will answer it for you... President Guo, how many shares of Qingyu are under the name of JH Investment?"
"7%." Guo Xiji replied.
Park Jin Hyuk continued, "7% plus my wife's 8%, a total of 15%. I think everyone knows this."
After a pause, he said to Li Zhenshu, "Have you ever thought about where my wife and her brothers' shares should go?"
"Could it... have fallen into your hands?"
"Thanks to you, I have control of their shares."
"How is that possible?"
"Because I offered a reasonable price and conditions, it's that simple." Park Jin Hyuk stood up and said, "You want to get the shares, but you're not willing to offer reasonable conditions. How is that possible? You kept threatening them, so when I proposed the conditions, they agreed very happily. I have to thank you for that."
"Impossible. They said they would entrust me with the management of the shares."
Before he finished speaking, everyone present received a message on their mobile phones about the changes in Qingyu’s equity.
Park Jin Hyuk smiled and said, "Everyone has received the stock exchange's announcement of the equity change, right? So, my stake in Qingyu has become 22%."
Then he put away his smile and looked at Li Zhenshu seriously: "Chairman Han only controlled 20% of Qingyu's shares when he was alive. Now my shares have surpassed his and will continue to increase. In other words, I have already taken control of Qingyu. So I advise you to give up and sell your shares to me. I am willing to pay a good price."
"Don't dream."
"Haha, let me ask you, can you afford the 200 billion inheritance tax?"
"you……"
"I urge you to sell your shares to me like those two wives did, and then use the money to enjoy your retirement in peace."
Park Jin Hyuk used one sentence to put Lee Jung Suk and his two extramarital wives into the same category.
*** *** ***
On this day, Park Jin Hyuk was presiding over a meeting of the presidents of DS Group.
General Manager Jin Zhengzhen of the data center project was giving a presentation: "We have divided the automated management of the data center into five stages. We are currently in the third stage. We can use software to identify and resolve problems, thus reducing dependence on human intervention."
Park Jin Hyuk listened while flipping through the report materials.
"After completing the third phase of management upgrades this year, we plan to complete the fourth phase within two years. By connecting our data centers around the world, we will achieve real-time decision-making capabilities. Then, in another two years, we will reach the fifth phase, which will completely eliminate human dependence and achieve fully automated operations management."
Park Jin Hyuk nodded. "Excellent! The transition from manual management to automation is a major trend. I completely agree with your overall strategy."
The value shown in the report allowed Park Jin Hyuk to make a quick judgment.
This was followed by a report on DS construction.
President Lee Young-bin stated, "Based on construction contracts secured in the Middle East and North America, DS Construction anticipates achieving its goals of 3 trillion won in quarterly revenue and 200 billion won in operating profit this year. A few days ago, we secured a 3 trillion won Iraqi port project, a 500 billion won Egyptian LNG project, and a new urban development project in Tunisia. DS Construction's current pipeline of projects exceeds 5 trillion won. At this rate, we anticipate 20% growth over the next two years."
Park Jin Hyuk smiled and said, "Very good. I would like to remind you that the bonuses promised to employees at the beginning of the year must be paid out as usual. You cannot change the payment standards just because performance is good. That would greatly affect morale."
"Yes, I will pay attention." Li Yongbin replied.
“How’s the American project going?”
"The tripartite joint venture between DS, Chengsheng, and Qingyu has acquired construction land in Pennsylvania and plans to begin construction within a month."
"DS Construction must seize this excellent opportunity to enter the US market, establish a subsidiary in the US as soon as possible, and find qualified management personnel."
"yes."
Park Jin Hyuk then addressed the presidents of the subsidiary companies present: "Not only DS Construction, but DS Heavy Industries will also enter the US market and provide construction equipment for the project. The other subsidiaries must also prepare and look for opportunities to penetrate the US market. Do you understand?"
"clear."
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