Chapter 445 Something Happened at Company C



Park Jin Hyuk said, "I guess you know that Brown is almost catching up with Buchanan."

"We can't just let Buchanan lose. The government has placed its bets on him."

"That's what you think. I don't think that way. I want to see Brown win."

"Chairman Park..." Zheng Qiying looked at Park Zhenhe with dissatisfaction.

"I'm afraid I can't help with the US photovoltaic project, so you don't need to say more."

After saying that, Park Jin Hyuk drank all the tea in the cup.

*** *** ***

After get off work, Park Jin Hyuk returned to his residence in Pyeongchang-dong.

Han Ji-yeon took the suit he took off and said, "Sang-hyuk's wife was here today."

"Oh? What's going on?"

"Said you've been taking good care of Sang Hyuk and came over to express your gratitude."

Han Ji-yeon said as she turned and went to the cloakroom to hang up his clothes.

No matter how busy she is, Han Ji-yeon will personally take care of Park Jin-hyuk's daily life and diet, and will discuss with him at any time if there is anything, which makes Park Jin-hyuk feel the warmth of home more and more.

"Also, Lee Sang-woo called too," Han Ji-yeon said as she walked back over. "He said he hopes we can keep in touch more often."

"They are trying to curry favor with you." Park Jin Hyuk said with a smile.

"Why? He seems to be doing something with you recently?"

They came to the dinner table and sat down. Han Ji-yeon said, "It's never a bad thing to keep in touch."

As she spoke, Han Ji-yeon picked up a meatball and placed it on Park Jin-hyuk's plate.

Park Jin Hyuk ate the meatballs that Han Ji Yeon brought over and said, "We'll have more and more contacts like this in the future."

"What's the matter?"

"As the DS Group becomes more prominent, more and more people will want to establish connections with us."

Park Jin Hyuk said as he ate, "Like you said, we can't be arrogant at a time like this, but we also have to be careful. Sang Hyuk and Lee Sang Woo are okay, but some people approaching you might have ulterior motives, or even bad intentions, so we have to be on guard."

Han Ji-yeon nodded in understanding.

Recently, more and more people have been trying to get in touch with Han Ji-yeon, some even contacting her secretary. She needs to spend a lot of energy to deal with these people.

Park Jin Hyuk continued, "Are you bored at home all the time? Do you want to go out and work? The position you used to hold is still vacant."

"Are you talking about Qingyu Art Center?"

Park Jin Hyuk nodded and said, "Now the general manager (Han Junhuan's wife) has also resigned. If you are willing, you can take over and run it according to your own ideas."

"When I was the vice president, I was always restricted in what I wanted to do..." Han Ji-yeon said to herself.

"If you like, I'll arrange it for you right away."

Han Zhiyan waved her hand and said, "Thank you for your kindness. I think we should put the Qingyu Art Center aside for now. Maintaining good relationships with all parties is more important right now. I'm busy enough meeting guests and attending parties every day."

Park Jin Hyuk thought for a moment and said, "Well, that does make sense. Please feel free to let me know when you need my help."

Han Ji-yeon couldn't help but laugh.

"President..." At this time, Jin Junyu, who had already finished get off work, came back at some point.

Park Jin Hyuk looked at him in surprise, "Why haven't you left yet?"

"I received a message halfway and came back."

"What happened?"

"The Russian government announced that it would stop buying bonds of C Photovoltaic Company," said Jin Junyu.

Park Jin Hyuk put his chopsticks on the table. "What's going on?"

"The Russian government had been buying bonds issued by Company C, but today announced it would no longer do so."

"How much bond did the Russian government buy previously?"

"Last year, they bought $300 million, and so far this year, they've bought $250 million. I've calculated that in the past five years, the Russian government has bought about $1 billion in Company C bonds, showing significant support for Company C."

A smile appeared on Park Jin Hyuk's face.

Han Ji-yeon said, "We're almost done with dinner. Let's go to the sofa and talk. I'll have some fruit served."

Park Jin Hyuk nodded and sat down on the sofa with Kim Jun Woo.

After sitting down, Park Jin Hyuk asked, "Why did the Russian government stop buying Company C bonds? Because Sampoong Group was using Company C to support Buchanan?"

"It seems that Sanfeng privately granted some of the shares of Company C to Buchanan's second son."

"Um……"

"Because the Russian government announced it would no longer purchase Company C's bonds, its bond prices began to plummet, and the repayment of the $120 million in bonds that were about to mature became a question."

"I guess Sanfeng will find a solution for Company C."

"But the problem is that $400 million worth of bonds matured in the first half of this year, and the interest rates on these bonds are very high, reaching an annualized rate of 9%."

"The Russian government won't buy it for free; it has interest requirements."

"That's right." Jin Junyu replied.

"With such a high rate of return, wouldn't other investors be willing to buy in?"

Jin Junyu replied, "Following the Russian government's announcement that it would stop buying Company C's bonds, the U.S. Securities and Exchange Commission launched an investigation, and the three major U.S. credit rating agencies simultaneously downgraded Company C's bond ratings. Company C had previously been issuing new bonds to repay maturing bonds, but with the Russian government's halt, there's a significant risk of default in the future."

My dear, there is more to this chapter. Please click on the next page to continue reading. It will be even more exciting later!

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