After hearing Park Jin Hyuk's words, the bank presidents looked at each other.
Seeing that the other party did not answer, Park Jin Hyuk smiled and said:
“We acknowledge that DS Construction’s solvency is problematic. However, the company is now working hard to recover project funds and sort out the projects. Therefore, we would like to ask for your assistance in this process.
To put it bluntly, if creditors don't agree to an extension, our future is truly bleak. You wouldn't want to see us go bankrupt, would you?
After hearing Park Jin Hyuk's words, the bank presidents waved their hands.
"Ah~, how could we possibly hope that a subsidiary of DS Group would go bankrupt?"
“But if the bond extension is not agreed, it is very likely that we will go bankrupt.”
"Won't the group lend a hand?"
"What would I have become if that happened? I came to DS Construction to revive the company's business, but in the end, I failed... So, please lend a hand. I, Park Jin Hyuk, will never forget it."
When he said this, Park Jin Hyuk lowered his head sincerely.
If it were in the past, he might have ignored his image and knelt on the table to beg the other party, but he could no longer do that now.
After all, he is the person who may become the future chairman of DS Group.
The bank presidents also knew very well who the person in front of them was and what his words "never forget" meant.
They stared at Park Jin Hyuk silently.
Park Jin Hyuk had a faint smile on his face, as if he knew that the bank presidents would eventually agree to his request.
The three bank presidents looked at each other again, and one of them slowly said:
"Since you've said that, then... I'll show you the way."
"Okay, I'm all ears."
"Because DS Construction has been making losses and faces the risk of capital erosion, creditors will only agree to extend the bond term if additional investment is made."
"Additional investment?"
"Yes, creditors must be convinced that DS Construction can continue to operate."
"Is that all?"
The smile on Park Jin Hyuk's face disappeared.
After going around in circles, they brought the topic back to capital increase.
This was something Park Jin Hyuk absolutely could not accept, and he felt insulted.
Despite this, he tried hard to control himself and not have an outburst.
A smile appeared on Park Jin Hyuk's face again and he nodded.
"Additional investment, I see. As long as additional investment is made, the extension can be made, right?"
"There's one more."
Another bank president next to him said.
Park Jin Hyuk turned his gaze towards him.
"One more condition is required."
"What conditions?"
“We need to see the resolve of business owners.”
"The determination of the business owners? Can you be more specific?"
Before the bank president could answer, Xuan Yizhu, who was sitting next to him, showed his displeasure.
From Hyun Yi-soo's reaction, Park Jin-hyuk knew that the bank president might be about to make some excessive demands.
"When making additional investments, responsible family members must participate."
"Does this mean joint investment? What's the point of that?"
Park Jin Hyuk asked knowingly.
"Of course it makes sense. The business owner has invested his own money, so if he loses money, it's not just the shareholders and bondholders who are losing money. This shows the business owner's determination to revive the company."
"That's right."
Park Jin Hyuk looked at the three bank presidents with a smile and nodded.
"Okay, I'll think about it."
After hearing Park Jin Hyuk's answer, the bank presidents also smiled and said:
"That's great! Seeing is believing. The DS Group has a promising future."
"With an heir like you, the president can rest assured."
"We hope to maintain a good cooperative relationship with you in the future. Our bank will continue to provide good services to DS Group."
They praised Park Jin Hyuk repeatedly.
Park Jin Hyuk nodded to express his gratitude, while Hyun Yi Soo stood aside with his head down and said nothing.
Then they drank and chatted for another hour before standing up and shaking hands to say goodbye.
After coming out of the restaurant, Park Jin Hyuk and Hyun Yi Soo stood in the night breeze and lit a cigarette.
Xuan Yizhu still didn't speak, he didn't know what to say.
Park Jin Hyuk knew that Hyun Yi Soo was looking at him, but he didn't say anything. He just looked into the distance and smoked the cigarette in his hand.
After smoking a cigarette, they got in the car.
At this time, Park Jin Hyuk said to Xuan Yizhu:
"Let's learn about paid capital increase."
"Are you serious? Are you really planning to increase your capital?
Isn't this clear? Vice Chairman Park Xiuwan must have explained something to them. The determination of the business owners? Humph!
Isn't this business owner referring to you? Furthermore, if things go wrong, they might ask you to use your DS Corporation shares as collateral for additional capital, which would be very dangerous."
"You think I haven't thought of this?
I've thought about it all, and it seems like it's time to take action."
Hearing Park Jin Hyuk say this, Xuan Yizhu immediately said:
“We need to have enough money to do joint capital increase.
One billion or two billion is not enough. We need to invest at least several hundred million. I'm afraid you can't come up with that much money all at once, right?"
Most of Park Jin Hyuk's assets are stocks, and real estate is worth about 50 billion, but it will take time to convert them into cash.
"Secretary Jin, start selling the real estate under my name tomorrow."
"Yes, will it be treated as an urgent sale?"
"Don't rush to sell it, that would be a shame, we still have time."
After dealing with the houses and trust properties under his name, he is expected to get tens of billions of won in cash.
However, Xuan Yizhu felt that there was no need to be so anxious.
"Minister, I suggest we wait and see. There's no need to decide on a capital increase right now."
Hyun Yi-soo said in the calmest tone possible, trying to help Park Jin-hyuk calm down.
But what he didn't know was that Park Jin Hyuk was actually very sober now.
"Second Uncle has been using paid capital increases to attack me. I resolved it the first time, but now it's happening again. Even if I resolve it this time, there will definitely be a third and fourth time. Staying on the defensive all the time is not a solution. We must switch from defense to offense."
"So you really plan to increase your investment?"
"Since he wants to increase his capital, then that's fine."
"In that case...wouldn't real estate be swallowed up by telecommunications?"
Facing Xuan Yizhu's concerns, Park Jin Hyuk answered firmly:
"That's impossible."
"So……"
Park Jin Hyuk turned his gaze to the car window.
Recently, he has been thinking about the issue of paid capital increase.
He could see that the other party was determined to achieve his goal.
Park Jin Hyuk felt uncomfortable with the feeling that there were always a group of mosquitoes surrounding him.
So this time he made up his mind to turn from defense to offense.
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