After the laughter stopped, Park Junwan picked up the teacup and took a sip of tea.
At this time, Secretary Huang walked in with a cup of tea.
He handed the tea to Park Jin Hyuk and stepped aside.
When Park Jin Hyuk lowered his head to drink tea, Park Jun Wan looked at him and said:
"You think I will agree to a paid capital increase in the form of a shareholder rights issue, right?"
Park Jin Hyuk stretched his neck slightly, looked directly at his father, and said:
"I've been thinking about a lot of things lately. When I can't sleep at night, I get up and think about some problems. After thinking about it for a few days, I figured out one thing."
"What is it?"
"It doesn't matter to you whether DS Construction is under the headquarters or under the communications department. They are all companies under DS Corporation."
"Yes, it's all the same to me."
"Then I understand why you didn't allow the subsidiary to be independent and why you turned a blind eye to the matter."
After Park Jin Hyuk entered the president's office, his face remained tense and there was no smile.
On the contrary, Park Junwan kept smiling and said:
“Some large companies divide the business among their children and relatives when handing it over to the next generation. If that happens, the entire business will collapse within three generations, so DS will never do that.
DS will identify a successor and hand over the entire group to him, while all previous generations will exit the business. This is DS's consistent practice."
"But the uncles don't seem to think so."
"They have no say. The decision on this matter is mine."
"Does Director Wu think so too?"
After hearing this, Park Junwan laughed again.
Then he said:
"I know you don't like your stepmother. When you were little, your relationship was pretty good, but it's not been like that in recent years. I don't want to interfere in your relationship, but there is one thing I want to tell you.
Director Wu, it's not as simple as you think. If she wants to take DS Group, she will take it all. She has no intention of giving away only a part of it."
After hearing his father's words, Park Jin Hyuk felt relieved.
"So, Wu Ruiying doesn't care who DS Construction is under."
Seeing Park Jin Hyuk lowering his head and saying nothing, Park Jun Wan smiled.
In his opinion, children are still children after all.
Although Park Jin Hyuk has made some surprising moves recently, his social experience is still not rich enough after all.
"I advise you not to overthink it. Whether it's a third party or a fourth party, just follow your uncle's advice on the capital increase. Although he holds the funds now, the final decision-making power is not his."
Park Junwan had made his words very clear, and he felt that his son should be able to understand.
But unexpectedly, Park Jin Hyuk suddenly laughed.
"Actually, I don't care."
"What do you mean by that?"
“Just like you and Director Wu don’t care about the future of DS Construction, I also don’t care about what you and she think about DS Construction.
But what I don't want to see is DS Construction being manipulated by others. I want to establish its status."
"Are you sure?"
“DS Corporation is the largest shareholder of DS Construction. I am here to ask for your consent to a paid capital increase through a shareholder rights issue.
And make the same statement to other shareholders when the extraordinary general meeting of shareholders is convened."
"...What exactly is your purpose?"
In fact, if DS Group increases its capital with compensation by issuing shares to shareholders, the amount of money it invests is not much, 200 billion won is enough, and it is not difficult for DS Group to raise this money.
What Park Junwan cared about was that if that happened, the whole world would know that the construction company under DS Group was in trouble.
“You may not mind the construction business moving below the communications level, but I absolutely cannot accept it.
I have been holding back and not fighting back against my uncle's constant provocations... You don't have to let us fight, but you can just make an announcement and designate me as the official heir, and then I will naturally give in.
But if not, I'll have to deal with it my way."
"Haha...So, you're determined.
As a major shareholder holding 30% of the shares, if the company does not accept the rights issue, do you think the paid capital increase will be successful?
"As a major shareholder, if you give up subscribing to new shares, I will buy all the shares that have lost their rights."
Park Junwan widened his eyes in surprise.
"You bought it? That's easy to say, but where did you get the money?"
"I was just about to discuss this with you. I'm planning to use my DS shares as collateral for a bank loan."
"Are you crazy? You might even lose your shares! Those shares are just in your name, you don't have the right to dispose of them."
"Don't worry, your shares won't be lost. I told you this in advance because I didn't want you to be surprised when I announced it to the public.
I have made up my mind, please don't stop me."
“You…you…”
Park Junwan pointed at his son and was so angry that he couldn't speak.
He turned away and ignored Park Jin Hyuk.
After a while, Park Junwan sighed, turned back and said:
"Okay, what exactly do you want to do? Tell us and we can discuss it."
Park Junwan may not care about other things, but he absolutely cannot accept Park Jin Hyuk's mortgage of the DS stocks under his name.
For him, those stocks are his lifeblood and no mistakes are allowed. That's why he bowed to his son.
Park Jin Hyuk looked at his father and said:
"When I announced that I would buy all the extinguished shares, I was just trying to create public opinion and stabilize the stock price. I wasn't actually going to mortgage the shares I had, so please rest assured."
"Is that so? Does capital increase have to be through a share allotment? Why can't a third party increase capital for a fee? You don't have to worry about the subsidiary splitting off."
"That's your consideration. I'm just being prepared for any eventuality. There can't be any omissions on this issue."
In the past, some orders seemed to have been obtained, but were eventually snatched away by competitors. Liu Zhengjie had encountered such things more than once or twice.
Therefore, on key issues, if we see any bad signs, we must nip them in the bud in time.
He didn't want to give Park Soo-wan any chance.
Looking at Park Jin Hyuk with a serious face, Park Jun Wan smiled.
He raised his hand and gestured to Secretary Huang.
"Bring it here."
Secretary Huang handed a file bag that had been prepared long ago to the president.
Park Junwan took the file bag and placed it in front of Park Jinhyuk.
"Your stubbornness is so much like me... Look at the gift I prepared for you."
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