Listening to the comments on TV, Park Jin Hyuk couldn't help but laugh.
"You really can't trust the opinions of experts."
He knew very well that the person who yelled at him on the phone yesterday was the culprit who created these rumors.
These days, DS construction has become a hot topic in the stock market.
The scale of this paid capital increase is very large, and the company is a subsidiary of a large enterprise group, so it has attracted special attention from the outside world.
At this moment, a piece of news released by DS Construction stopped the downward trend of the stock price.
“Expert, what do you think about this?”
"Park Jin Hyuk is the eldest son of DS Group Chairman Park Joon Man and is reportedly currently in charge of the organizational restructuring of DS Construction. He rarely appears in public, so it is unclear what kind of person he is."
"It was this mysterious person who announced that he would subscribe to all the forfeited shares."
"When the paid capital increase was announced, such news was released publicly, but at that time no specific plan was proposed for how the shares would be subscribed. However, yesterday afternoon, DS Construction announced a plan to raise 300 billion yuan using the group's shares as collateral."
“How should this be interpreted?”
On the TV program, financial experts were having a heated discussion around the news released by DS Construction.
"First, the amount of funds disclosed is staggering. 300 billion is nearly half of DS Construction's worst-ever deficit of 800 billion last year. This massive amount provides answers to the market's persistent speculation about the relationship between DS Group and DS Construction."
"What kind of answer do you think was given?"
"We can conclude that DS Group will not abandon the construction sector and has found a way to revive DS Construction. Otherwise, the business owner would not have pledged to subscribe for the forfeited shares using the company's shares as collateral."
The expert made the above analysis with considerable confidence, and the host continued:
"The 300 billion yuan figure is expected to absorb most of the lost shares. Can we conclude that Minister Park Jin-hyuk is optimistic about the prospects of DS Construction after the restructuring?"
"Yes, I agree with that."
The expert nodded to the host, then looked at the camera and said:
"DS Construction's paid-in capital increase is 800 billion won. When forfeited shares are generated, the usual approach is to hold a public offering. However, Minister Park's announcement that he would subscribe to all forfeited shares is a very bold move."
The reason for the forfeited shares is that shareholders judge that the future stock price will fall compared to the stock price at the time of capital increase, so they give up subscribing to the rights shares.
However, Director Park clearly believed that this situation would not occur and announced that he would subscribe to all the forfeited shares. This kind of action... is very rare in the market."
Park Jin Hyuk watched with interest as these people talked about himself on TV.
At the same time, he noticed that DS Construction's share price continued to rise.
"Headmaster, Deputy Director Xuan said everything is ready."
"So soon? Now get off."
Park Jin Hyuk turned off the TV and stood up.
He took the elevator and went straight to the contract signing ceremony.
As soon as the elevator door opened, reporters were already waiting outside. The camera shutters were crackling and the flashes were so bright that it was almost impossible to open your eyes.
Led by his entourage, Park Jin Hyuk walked past the reporters who surrounded him and headed towards the Qatari guests.
"Welcome! We are very happy that you can visit DS Construction Company!"
As he spoke, Park Jin Hyuk shook the guest's hand, and the translator beside him translated his words.
He smiled and exchanged a few words with the Arab man, then they came to the signing table together and sat down side by side.
Someone placed the prepared contract documents in front of them.
After signing, the two exchanged contracts and shook hands again.
At this time, the sounds of camera shutters rang out one after another.
After finishing the photo shoot, Park Jin Hyuk and the guests stepped aside.
Then, Team Leader Hong Mingchen came to the microphone and started the press conference for the signing.
"Today, we signed a contract with Qatar Real Estate Development Company for the Royal Commercial Plaza construction project, with a contract value of 1.3 trillion won.
The project is located in Lusail, where the Qatar World Cup final will be held. After completion, the project will become a landmark building in the area.
The project consists of 4 buildings, the largest of which is an office and commercial building with 5 underground floors and 70 above-ground floors.
For specific details, please refer to the materials that will be sent to you later. If you have any further questions, please feel free to contact us."
As soon as Hong Mingchen finished speaking, reporters raised their hands to ask questions.
"Excuse me, how is the paid capital increase going? Is it proceeding as planned?"
"The paid capital increase has nothing to do with this signing. The information I received is that the capital increase is proceeding as planned."
"Could you please tell me about the situation with Mr. Park Jin Hyuk subscribing to the forfeited shares?"
“I would like to emphasize again that this signing has nothing to do with the capital increase.
The capital increase is intended to dispel external concerns about the company's solvency. This signing signifies that DS Construction's future business will no longer be limited to the domestic market; we will accelerate our pace of expansion into the international market."
At the press conference, reporters gradually came to the impression that after obtaining the Qatar project through targeted negotiations, the situation is constantly developing in a direction that is conducive to DS construction.
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