"Stop supporting me? Isn't it my own hard work that has allowed me to get to where I am now?" Lee Sang-woo said. He felt that Park Jin-hyuk was just providing him with some inside information.
Park Jin Hyuk laughed and said, "You are so naive. Without the help of others, would you have been able to get to where you are now? ... Your largest shareholder before was Bank A. Do you think it will continue to support you in the future?"
Li Shangyu stopped talking.
Park Jin Hyuk said, "I have said everything I want to say. Please go back."
Li Shangyu seemed unwilling to give up and said, "Regarding the acquisition of Sanfeng E-commerce, could you please reconsider it..."
"No need to say more." Park Jin Hyuk raised his hand to stop him, then turned and shouted out the door, "Director Jin, please show him out."
Jin Junyu walked in immediately, forcing Li Shangyu to stand up. "Chairman Park, if you don't support me, the plan to split up Sampoong will probably fail. Have you ever thought about this?"
"Now that there is no one capable of taking on the responsibility, the plan should naturally be terminated," said Park Jin Hyuk.
"Don't you still have me?" Li Shangyu said.
"What a pity! You endured for decades, but couldn't endure these few months..." Park Jin Hyuk shook his head. "Although I don't want to split up Sampoong anymore, you can still get something."
Li Shangyu looked at Park Jin Hyuk and said, "Sampoong Chemical is yours, provided that you submit a proposal to the Sampoong shareholders' meeting to convert your shares in Sampoong Corporation into shares in Sampoong Chemical, and to separate Sampoong Chemical from the Sampoong Group."
After a moment of silence, Li Shangyu said, "I will seriously consider your suggestion. Goodbye first." He turned and walked out of the office. Now Li Shangyu still didn't quite believe that Bank A and other shareholders really didn't support him.
Looking at Lee Sang-woo's back, Park Jin-hyuk noticed that the number above his head had decreased compared to when he first saw it.
He is just a person with temporary use value, which is probably why he is not favored by the old chairman of Sanfeng Group.
Kim Jun-woo walked in, and Park Jin-hyuk instructed, "Immediately notify Bank A and Bank B that they can publicly express their support for Lee Sun-woo. At the same time, tell Lee Sun-woo to hold the shareholders' meeting as planned."
"yes."
*** *** ***
Today is the day when Sampoong holds its shareholders' meeting. If the Sampoong Group splits, it will rewrite the economic landscape of South Korea, so the shareholders' meeting has attracted widespread attention.
Just one day before the shareholders' meeting, the Blue House suddenly announced that President Zheng Qiying would give a talk to citizens on the photovoltaic project on the day of the Sampoong shareholders' meeting.
Why did the president address citizens on the same day as Sampoong's shareholders' meeting? This has sparked various speculations.
In Park Jin Hyuk's office, Han Ji Yeon was sitting on the sofa watching the news on TV.
Seeing her excited look, Park Jin Hyuk said with a smile: "Do you want me to buy you some snacks?"
"Don't talk, I can't hear you clearly."
"Why don't you watch it at home? Why do you have to come here?"
"I can always ask you questions if I have any," Han Ji-yeon said. "Hey, why don't you attend Sampoong's shareholders' meeting?"
"What am I going to do?"
"You directed this shareholders' meeting, didn't you? Don't you want to go and see the results of your directing?"
Park Jin Hyuk put the documents in his hand on the table and sat next to Han Ji Yeon. "I don't want to interfere in other companies' affairs."
"Forget it, who would believe that?" Han Ji-yeon glanced at him.
The president's speech to the nation was being broadcast live on television. The chief secretary of the presidential office came out first and said that today's speech was a joint decision made after consultation among relevant government departments.
Then, President Zheng Qiying stood in front of the microphone.
"My fellow citizens, I declare that effective immediately, my government will end all support for solar projects in the United States."
This news immediately caused a commotion in the venue, and everyone was whispering to each other. This news was too explosive.
"On behalf of the government, I would like to express my deep apologies for the troubles and inconveniences caused to the relevant companies and citizens." Zheng Qiying took a step back and bowed deeply.
He then explained the reasons for stopping support and the follow-up plan, but it all sounded very high-sounding.
Han Ji-yeon turned to Park Jin-hyuk and asked, "What is the real reason for abandoning the photovoltaic project?"
"It's simple, because it doesn't make money. It was Buchanan who was promoting this project that attracted so many people... How is Buchanan doing now?"
“There’s no hope of getting elected.”
"So it would be wise to abandon this project as soon as possible."
On TV, Zheng Qiying continued, "This project has caused losses to some related companies. The government plans to implement preferential policies such as income tax reductions and deferred payments for these companies, especially small and medium-sized enterprises, to compensate for the losses."
He paused and said, "While we are ending support for the photovoltaic project, we plan to support another one. As we all know, US presidential candidate Brown announced a series of government-led projects, and South Korea's DS Group was selected as the implementer of these projects. After research, we believe that the Brown-led project is significantly superior to the previous photovoltaic project."
Han Ji-yeon turned to Park Jin-hyuk again and asked, "What project is Brown leading?"
"Didn't I tell you? There's a water pipe renovation project, and some residential construction projects."
"Brown seems old-fashioned. Why is he so interested in civil engineering projects? Are the current cutting-edge projects related to IT and AI?"
"If we want to quickly revitalize the economy, we still have to rely on these civil engineering projects," Park Jin Hyuk said. "IT and AI projects don't require much effort from the government; many companies will invest and implement them. If we want to improve people's livelihoods and promote employment for blue-collar workers, we still have to rely on these civil engineering projects."
The president's speech to the nation ended, and the television stations began to report on the Sampoong shareholders' meeting.
At this time, Kim Jun-woo walked in and whispered something to Park Jin-hyuk.
Park Jin Hyuk smiled at Han Ji Yeon and said, "Everything is going according to plan."
"You mean the Sanfeng shareholders' meeting?"
Park Jin Hyuk nodded.
At that moment, a reporter appeared on television, standing in front of Sampoong's headquarters building. "Sampoong's shareholders' meeting just concluded, and the following resolution was passed: Lee Sang-woo, the eldest son of the Sampoong Group chairman and director of Sampoong's International Cooperation Department, will exchange his shares in Sampoong Corporation for those in Sampoong Chemical at a 3:1 ratio. Following the exchange, Mr. Lee Sang-woo will become Sampoong Chemical's largest shareholder."
Continue read on readnovelmtl.com
