＜ Traces of Mother 01 ＞
＜128＞
“…Since the judgment has already been won, the Sangmoon Group won’t even be able to overturn it. Ownership is established like that, so there won’t be any other problems in the future. However, rather than acquiring the stake with personal funds, acquiring the stake through [C&K Investment] may create a management control effect even if the professor does not directly participate in management in the future. And the company value of [C&K Investments] will increase even more.”
As such, Attorney Son Byeong-ho presented additional personal opinions in addition to legal judgments.
Immediately, Hyun-joon also made a phone call with Dennis Kim, CEO of [C&K Investment].
and after a while
“···yes! I also think it’s not a bad condition. Buying a 16% stake is a rare opportunity. The stake with management rights will be subject to an additional premium, but since the current 16% is unrelated to management rights, it can be easily acquired by paying an appropriate cost. you will rise Depending on the situation, additional purchases may be possible. In addition, if enough shares are secured, it may be disclosed as the largest shareholder. After that, if you challenge the management rights, there is a good chance of winning.”
Likewise, CEO Dennis Kim was also very encouraging.
And further advice that follows.
“However, before the holding company of Sangmoon Group is established, we must hurry to secure a stake! In particular, if the equity structure becomes more complex through the equity-to-equity exchange between subsidiaries, the challenge for management rights may become difficult in the future.”
“So, what does that mean?”
“In other words, Chairman Suh Seok-gyu’s family will have a more solid grip on the holding company, and will hold the subsidiaries under it in a more powerful form. Currently, Chairman Seo Seok-gyu controls all affiliates with a 27.50% stake in Sangmun Construction, but if a holding company is established later, the stake may increase.”
That is, an impregnable fortress might be created. So if you’re a little late, it means you won’t get that opportunity again.
In other words, even if you have trillions of won, if you do not have the right opportunity, it will be difficult to swallow the upper class group whole.
A stake held by the owner’s family. This kind of stake is such a heart-like stake that money can’t buy.
“professor! And in the process of being transformed into a holding company, Sangmun Construction will be split into two. The current article is the same as preemptively notifying the transition, but if it is decided at the next shareholders’ meeting, there will be no turning back.”
At the same time, CEO Dennis Kim is in the position that we must hurry.
Then he explained again.
“First of all, in the process of such a division, Sangmun Construction will be divided into two parts, a holding company and a business company, and that will be the division of personnel. In the process, Chairman Suh Seok-gyu will split the existing 27.50% stake into a holding company (27.50%) and a business unit (27.50%). Afterwards, through the equity swap method, Chairman Suh Seok-kyu will transfer his 27.5% stake in the business unit to the holding company, and instead, he will take more of the holding company’s stake, eventually making the holding company’s stake more than 55%. . Of course, the holding company will take over the 27.5% stake in the business unit (Sangmun Construction) from Chairman Seo Seok-kyu, and a system that automatically leads to [Chairman Seo Seok-kyu]-[holding company]-[Sangmun Construction] will be completed. Although I don’t know what the split ratio will look like, it’s likely going to turn out that way.”
In other words, through the establishment of a holding company, Chairman Suh Seok-gyu will secure more than 55% of the holding company’s shares, and a clear governance system will be completed.
“And more importantly, there can be a trick here, which is that the holding company’s share price is set low from the beginning so that Chairman Suh Seok-gyu’s family can secure more shares in the holding company. But that’s not all.”
Like, something very complicated.
CEO Dennis Kim continued to speak.
“…Eventually, in the process, there will also be an issue of equity adjustment among all affiliates of the group. Perhaps the share exchange ratio between subsidiaries will develop in favor of Chairman Seo Seok-gyu. Of course, on the very subtle borders of legality. So my thought is, before that happens, we must hurry!”
In other words, CEO Dennis Kim was actively in favor of acquiring a 16% stake in Sangmun Construction under the assumption that there were no legal issues.
In particular, isn’t the Sangmoon Group not a group that is going bankrupt, but also a very strong financially?
Opportunities to devour such a group all at once are rare.
In addition, the Sangmoon Group is probably nervous as the 16% stake in Sangmoon Construction suddenly jumped out.
That’s why it was an advice that it was necessary to deal with things very quickly once this was confirmed.
So Hyun-joon contacted lawyer Son Byeong-ho again.
After that, Hyun-joon immediately called CEO Dennis Kim and gave him practical work instructions.
#
“yes! good! CEO! In that case, the representative, please organize a TFT and proceed immediately. Please proceed with the purchase in the market and immediately proceed with the acquisition of the 16% stake. I will transfer the acquisition funds to Korea as soon as possible and hand them over. Also, for the legal part, lawyer Sohn Byeong-ho led the decision to form a corporate-related lawyer team, so you can move with him.”
“yes! Okay. professor! So let’s get moving right away! First of all, if you send me the contact information of President Yoon Soo-yeon, we will meet in person and discuss the details.”
“I see. Then I’ll send you my contact information via KakaoTalk.”
Then Hyunjun sent a KakaoTalk message.
Meanwhile, I made a direct phone call to President Yoon Soo-yeon.
#
“That’s me. president. I am Hyunjun Choi.”
“Ah, Professor. Please speak.”
President Yoon Soo-yeon answers the phone very calmly.
“Boss, but I discussed this and that with the people who help me, and I heard that it is a very urgent time in terms of timing. Is that correct?”
“yes. you’re right. As the final judgment came out, they suddenly dragged the inside of the holding company. Then what will the professor do?”
“Oh, I’m good! In my judgment, I don’t think the risk is too great. Even if we fail to secure management rights, it is very attractive that we can exert influence as a second shareholder.”
“Yeah, you know. Even if it is a group in the top 50 in the business world, the past reputation of Sangmoon Group still remains. Even just becoming the majority shareholder of such a group will be of great help in many ways in the future.”
“yes! thank you! president! I think he gave me a really good opportunity.”
“no. I didn’t have anyone who deserved it either. Afterwards, when the equity competition begins, that side won’t stand still either. My ability is too strong. I just made the best choice.”
So, there is no way for her to do it. In particular, the situation where you have to pay astronomical taxes.
So I had to dispose of the stake no matter what, but the problem was that it was a waste to sell the stake like that.
Revenge for the ex-husband who became Cheolcheon’s enemy.
She wanted to take this opportunity to take revenge like that.
In the meantime, an article about Hyun-jun broke out.
Just in time, he was able to make such an offer to Hyeon-jun.
Anyway, Hyun-joon came to an oral agreement like that.
It was decided to leave the details to CEO Dennis Kim.
#
Monday, May 13, 2019.
3 p.m.
Hyeon-jun, who had been very busy since the morning, finally took a breath after finishing the lecture, which felt somewhat difficult.
But there are still things left to do.
So, Hyun-joon quickly handled the cooperation matters in the official letter sent by the department assistant, and after that, he checked the schedule again.
Your daily life is getting busier and busier.
So, in my head, I came up with an approximate time distribution.
In other words, as the main schedule for this week, there was a school festival starting from the coming Wednesday.
On Friday evening, a dinner date with Ilshin Group Chairman Cha Kyung-moon was also set.
In particular, starting this week, I have to pay more attention to [Farm Blockbuster Inc].
So, about 30 minutes later, Hyeonjun stood up from his seat.
Now, we finally headed to the [Farm Blockbuster Inc] office in the school’s business incubation center.
A total of six employees are scheduled to go to work starting today.
In the morning, Hyeon-jun was too busy with other things to pay attention to that.
Employees who come to work have nothing special to do, so they are probably just sitting there.
So Hyeonjun walked at a faster pace.
After a while, I took the elevator and arrived near the [Farm Blockbuster Inc] office located on the 3rd floor.
But at this time, Hyun-jun was walking forward without thinking, and suddenly, out of nowhere, he was exposed to a really unexpected problem.
#
Should I say that it feels like watching an unfamiliar action movie?
It was like someone suddenly popped out of the dark.
The shiny metal blades were reflected in the sunlight from the hallway windows.
Men in black short-sleeved shirts and jeans.
The men, even wearing black masks, suddenly jumped out from the hallway leading from the inner stairway and rushed at Hyeon-joon.
Hyeonjun went blank and felt as if his body froze right away.
Even so, his eyes soon grew cold, and he instinctively clenched his fists.
However, at this time, bodyguards Lee Kang-hee and Han Seung-taek, who were following Hyeon-jun, were leaping forward like lightning.
“professor! Back off!”
Hyeon-joon, who did not know that something like this would happen in the university, stared in amazement.
Bodyguard Lee Kang-hee, who was wearing jeans and a casual shirt and was disguised as a college student, was running out with a triple baton like lightning.
Han Seung-taek was also blocking the front very quickly and started a hand-to-hand fight in an instant.
At this time, a series of impact sounds followed with a violent blow sound.
However, what is surprising is that Han Seung-taek’s movements are surprisingly agile.
Knee strikes, pushes, kicks.
Then, Han Seung-taek presses and pushes the opponent away.
The opponent holding the knife was surprised and immediately swung the knife.
Suddenly, while lowering his body obliquely, he was swinging his opponent’s knee with a full swing.
The opponent falls forward with a roar.
Then he was charging at the other assailant like lightning, striking the opponent’s wrist with a triple baton, causing the knife to drop.
At this point, the assailant suddenly turned around and started running away.
The assailant, who had been engaged in a one-on-one fight with bodyguard Lee Kang-hee, also took a step back and hurriedly ran away.
On the other hand, the assailant, who had his knee injured by Han Seung-taek’s attack, stumbled back while shouting ferocious curse words, then suddenly fled with all his might.
Just like that, it appeared suddenly.
Also, bodyguards Lee Kang-hee and Han Seung-taek, who dealt with them in no time.
The two bodyguards made immediate radio contact.
Soon after, it seemed that there were continuous echoes of wild screams and shocks coming from the stairs below.
But that’s for a while.
I got a direct call from team leader Kim Pyeong-san.
“Professor, it is said that all three of them were subdued.”
Only then did Hyeon-joon let go of his stiff expression.
started running quickly.
This is because I want to see the faces of the oppressed opponents with my own eyes.
