When Hyun Yi-soo heard the director say that a confirmation letter would be issued regarding the merger of Dongjing Industry and DS Construction, he stood up suddenly.
"Is this what the president asked for?"
"Keep your voice down, others might think something has happened."
At this time, the staff sitting outside had heard the noise inside through the glass and looked over here.
Xuan Yizhu realized that he had overreacted and sat down again.
"Headmaster, what on earth is going on?"
"When my second uncle heard we were going to initiate a shareholder rights issue and paid capital increase, he was sure to make some moves again. He might even instigate the securities company to attack us. I intend to completely put an end to his plans."
"Don't we have this?"
Xuan Yizhu picked up the contract for the Qatar project.
However, Park Jin Hyuk shook his head.
"This alone isn't enough. Do you think the company's stock price can recover with just this one contract?"
Xuan Yizhu fell silent.
Park Jin Hyuk was right. Just relying on one overseas contract would not be enough to restore the stock price to its original level.
The contract ensured funds for subscribing to forfeited shares, but that only served to curb the decline in the stock price.
However, if there is good news about the merger of Dongjing Industry and DS Construction, it will be different.
"Did the president or Dongjing Industry tell you anything?"
"No, we sent a confirmation letter to the stock exchange, requesting verification of the relevant rumors, and then we will respond. Does anyone else need to say anything?"
After hearing this, Xuan Yizhu understood Park Jin Hyuk's intention.
Ever since Park Jin Hyuk acquired shares of Dongjing Industry, there has been a lot of discussion and speculation in the outside world.
If a confirmation letter is issued at this time, it will inevitably attract great attention from the outside world, and public opinion will not think that this matter is groundless.
Even if DS Construction replies that this is not the case, the news will spread quickly, which will be a huge benefit to DS Construction.
"You are very knowledgeable about the stock market."
"No, I've had some contact with it."
Park Jin Hyuk replied with a smile.
"The purpose of this is to drive up our stock price, so you need to think through the order of each action. I've done everything I can, and now it's up to you."
"Don't worry, the ingredients are ready. Just wait for the feast to be served. However... after adding the last ingredient, you will have to leave DS Construction. Is that okay?"
"Well, so the timing of adding the last ingredient must be mastered."
"Your plan is..."
"Now that this news has been released, I'm afraid I can't stay here any longer. I plan to take the cash I've cashed out and go somewhere else."
Xuan Yizhu nodded in agreement.
"I agree with your idea. I was wondering what to do if you don't leave DS Construction."
"If I had stayed, someone would have definitely started rumors and started trouble again. The person who was responsible for the organizational restructuring ended up taking over the company, which is not in line with normal practice. I know this."
After saying that, Park Jin Hyuk stood up.
Hyun Yi-soo also stood up and escorted Park Jin-hyuk out of the office.
*** *** ***
A week later, the date for DS Construction's extraordinary general meeting of shareholders was confirmed.
The time is one week later, and the venue is the auditorium of DS Construction Headquarters.
The main topic of the meeting was to increase capital by issuing rights to shareholders in order to enhance the company's solvency.
After this news spread, various rumors about DS Construction appeared in the stock market, causing the stock price to fluctuate and fall continuously.
On the day after the shareholders' meeting,
In the president's office, Secretary Jin said:
"Director, most of your real estate has been converted into cash. I've also contacted several banks regarding using DS stock as collateral for loans."
Park Jin Hyuk nodded.
"That's today's news."
Yesterday's extraordinary general meeting of shareholders was very lively.
DS Corporation, the National Pension Fund, and relatively friendly investors clearly expressed their approval of the capital increase, and the issue of shareholder rights issue and paid capital increase was successfully passed.
However, some small and medium-sized investors expressed strong dissatisfaction with this.
As soon as the shareholders' meeting ended, Park Soo-wan called Park Jin-hyuk and harshly accused him of affecting the reputation of DS Group.
The story doesn't end here.
DS Construction then announced that out of responsibility to shareholders and to help the company overcome difficulties, if there are any shares with forfeited rights, Director Park Jin Hyuk will subscribe for all of them.
Investors are skeptical about this.
Park Jin Hyuk carefully read the newspaper that Kim Jun Woo handed to him. Major newspapers reported the incident on the front pages of their business editions.
[DS Construction takes extreme measures to solve cash shortage!]
[800 billion yuan in paid capital increase triggers market turmoil!]
[Has DS Group given up its construction business?]
Most of the public opinion was not friendly.
"The market response to the shareholder rights issue and paid capital increase has not been very positive, and the share price has now fallen by more than 10%, to around 9,000 yuan per share."
"This is all to be expected. Let Vice Minister Xuan start spreading the word. First, I have already prepared 300 billion in cash under the guarantee of DS Corporation."
"yes."
After this news gets out, investors will definitely confirm with the bank to know that the news is true.
Investors will understand that Park Jin Hyuk's plan to subscribe for forfeited shares is not groundless.
"Also, tell Vice Minister Xuan that the Qatar project can be signed... Also, the confirmation letter can be scheduled for issuance. Emphasize to him that the pacing must be managed properly to silence those who are skeptical, hesitant, and spreading rumors."
"Yes, I understand."
Jin Junyu answered and walked out.
Then, Park Jin Hyuk turned on the TV, where the issue of capital increase for DS Construction was being discussed.
-…Therefore, DS Construction’s decision to increase capital with compensation is the worst option.
Thank you for your feedback. Since DS Construction announced a paid capital increase through a rights issue, its stock price has plummeted 15%, primarily due to deteriorating cash flow. Some sources believe that the decision not to opt for a third-party capital increase was a decision made by DS Group. Experts suggest that if this information is true, DS Construction could potentially separate from the DS Group and pursue independent development.
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