＜ Miracle Investor 05 ＞
＜144＞
Wednesday, May 22, 2019 at 9am.
Hyeon-joon, whose mind is complicated by his younger brother’s affairs, seems to be calm on the outside, but concludes the contract to acquire the shares of Sangmun Construction in the presence of President Yoon Su-yeon and CEO Dennis Kim.
After watching CEO Dennis Kim and President Yoon Su-yeon sign the contract for a while, Hyun-joon smiled and approached President Yoon Soo-yeon and shook hands.
“Thank you, boss.”
“no. I’m more grateful. professor.”
At the same time, Yoon Soo-yeon, the CEO, puts a smile on her lips.
“By the way, boss, are you going to continue running [Rose]?”
Just like that, Hyunjun immediately asked what he was curious about.
Yoon Soo-yeon, CEO of Sangmun Construction, became wealthy by over 400 billion won at once with a 16% stake.
Of course, she would have to pay inheritance tax, etc., but she had already become incredibly rich.
“I am thinking about that.”
Well, of course you won’t have to worry about it.
After all, even if she doesn’t run [Rose], she has the money to live happily ever after.
“Actually, [Rose] was a very good social club thanks to the boss. It would be very regretful if [Rose] were to close after that.”
“yes. So, I am also very worried. However, I am thinking of continuing to operate until the owner of Sangmoon Group changes.”
Yes. Because the fate of Sangmoon Group is very important to President Yoon Soo-yeon.
Just as he had an unprecedented enemy named Choi Doo-hyeok, so did she.
Looking back, it seems that President Yoon Soo-yeon and himself have something in common.
On the other hand, Hyeon-joon suddenly thought of Professor Byung-se Jang.
In a situation where President Yoon Soo-yeon has become so rich, will Professor Jang Byung-se be okay?
But that was none of his business.
Currently, Professor Byung-se Jang is said to be in the process of a divorce by consent, but it is true that there is still a problem with Professor Byung-se Jang according to social norms.
Hyeonjun quietly stepped aside and spoke again.
“I will do my best as well.”
“thank you. Professor, and if you ever need anything, let me know. I will be happy to help if I can.”
Just like that, President Yoon Soo-yeon looked at Hyeon-joon with very bright eyes. The will to see the change of owner of the Sangmoon Group through Sangmoon Construction was really full of her.
Of course, it is true that Hyun-joon also wants to hold Sangmoon Group in his hands.
Because, strictly speaking, what was the reason Choi Doo-hyeok was able to commit such heinous atrocities for such a long period of time?
It was because of his power.
If his father had such power, would Choi Doo-hyeok dare to do such things?
Hyunjoon has a lot of money. And with that money, Hyun-joon wants to buy that kind of power. To prevent people like Choi Doo-hyeok from taking care of their own family again. It was also Hyunjun’s very earnest desire to build a strong barrier for himself and his family.
Anyway, Hyun-joon completed the acquisition of a 16% stake in Sangmoon Construction. He immediately went to another conference room and had a business meeting with CEO Dennis Kim.
#
“Professor, we have completed securing a 3.63% stake through the current market purchase.”
As a result, Sangmun Construction’s share price also fluctuated.
Originally, the market capitalization was about 2.7 trillion won. As a result of this intensive purchase, the market cap has risen to about 2.9 trillion won. This is the result of a 7.4% rise in the share price. Of course, the stock price volatility is low compared to the purchase of a 3.63% stake in the market. However, in the near future, Sangmun E&C’s stock price will likely experience more dramatic changes as soon as public announcements are made on the 3.63% stake acquired on the market in addition to the 16% stake acquired.
“What is the current share structure?”
“There are no major changes yet. Chairman Seo Seok-gyu’s family owns 27.5% of the shares. Treasury stock 2.45%, pension fund 5.93%, etc., there is no change.”
In the end, as of now, Hyun-joon has secured a 19.63% stake. In any case, it has risen to become the second shareholder at once.
And now there is no time.
The hostile takeover challenge will become visible.
“In the end, it will be a fight with Chairman Seo Seok-kyu from now on, right?”
“yes. Hostile takeovers are always bloody. Considering the timing of disclosure and reporting obligations, you should start collecting as much as possible from now on. In addition to the equity acquisition strategy that institutional investors have, especially today, we need to increase the amount of market purchases as much as possible to secure as many shares as possible.”
In other words, if a takeover war takes place, the stock in the market will also dry up. Of course, it doesn’t completely disappear. However, stocks on the market do not come out as much as desired, so the stock price jumps immediately even if you proceed with a small purchase.
In addition, when institutions and outsiders find out about such news, they will immediately join the purchase. More stock will run out quickly. In particular, even some forces will be frantic to collect the by-products of this war. Before that, you should secure as much stake as you can.
Furthermore, if you hold more than 5% of the shares, or if there is a change of more than 1% in your holding ratio thereafter, you must report this within 5 business days.
In particular, for the purpose of participation in management, there is also a cooling period. In other words, additional stock acquisition and voting rights are prohibited for a certain period from the day following the reporting obligation.
In other words, it is possible to acquire additional stocks until today, but from tomorrow, additional acquisitions will not be possible for the time being.
“good. We will also start negotiations with institutional investors in earnest, and then we will secure as much stock as possible by the end of today’s market.”
“yes. professor! In particular, since there is a management premium, the purchase price does not matter. So, institutional investors who own 1% to 2% of the stake will start actively contacting us immediately.”
In fact, the operation to acquire a 16% stake was carried out in secret. This is because, as soon as the Sangmun Group finds out about this, a war breaks out.
However, it is not possible to preemptively contact institutional investors. Rumors will spread right away. From the standpoint of institutional investors, they can increase the value of their stake by spreading rumors, so there is no reason to refuse it. And even if they kept their mouths shut, information could flow out of someone’s mouth and be passed on to the upper class group. It was so risky that it was done in secret. But from today, regardless of that, the war will begin in earnest.
As such, hostile mergers and acquisitions are very variable.
“Then, how far can I go on buying in the market today?”
When Hyun-joon asked that question, CEO Dennis Kim answered right away.
“Usually, the daily trading volume of Sangmun Construction is around 0.36% of the stake. However, if the upper limit comes out in the middle of the day today, the volume will probably be very pouring. Two years ago, when the upper limit broke, if you compare the data at that time, a change of about 5% of the maximum stake is possible.”
So, when the upper limit suddenly bursts, it means that not only foreigners but also institutional investors pour out a large amount.
Investing in construction companies, which are somewhat boring, unlike stocks of new drugs.
It will be a selling opportunity that will never happen again in such stock investment.
“Then please take care of me.”
“It will be fine. professor. it’s already started really! Hyungjun is an expert in this field, so I think he will do very well. Of course, today’s goal is to secure as much volume as possible along with entering the upper limit.”
In the end, when the upper limit is broken, large volumes will pour out, and it will be easier to secure volume.
But that doesn’t mean I won’t easily give up the upper limit!
Usually, the ‘jeomsang’ is carrying a lot of bombs. So, from the perspective of the forces, it is easier to raise the stock price. It is impossible to continue to maintain the stock price unless it is a perfect favorable news. In other words, it is like a sandcastle that can collapse at once.
So, most of the upper limit items barely enter the upper limit after a very difficult struggle. And the majority of the next day often leads to a gap increase. In particular, the more difficult and difficult it is, the true value will be displayed the next day. Of course, because of the volatility of stocks, there are always cases where this is not the case.
Nonetheless, the important point is that stocks that have suffered a great deal of pain endure much stronger stock price declines even if the next day’s profit realization volume pours heavily. In the end, this is because the long labor itself means that new entrant investors have been accepted, and it means that a kind of stock change has taken place.
And after a while, Hyun-joon was headed to the Sangmoon Group takeover TFT team.
Sangmoon Group Acquisition TFT Team, which has a separate department.
The team leader is headed by CEO Dennis Kim.
One of the key practitioners is Hyungjun Kim.
And since the market had already begun, Kim Hyung-joon was currently in the process of buying and selling quickly, giving instructions to his team members.
Meanwhile, looking at it, Hyeonjun smiled.
that is great.
That’s a really good thing.
He was given a task that would greatly reveal Kim Hyung-joon’s true value. Perhaps, because of his brilliant experience, he may secure a considerable amount more than he thought today.
And even if the cost is enormous, if you consider the entire premium of Sangmun Group, that much bleeding will be nothing.
It would be a job to eat the top 50 groups in the business world at once.
And after a while, Hyun-joon is now heading to school.
This is because there are many school work left besides undergraduate lectures and graduate lectures.
#
“Hey, did you see it now?”
“What?”
“Sangmun Construction!”
The owner of a meat restaurant in Mapo came out early in the morning and before preparing for lunch, launched a stock app and browsed various stocks. Then he immediately picked up the landline phone and was making a call.
As a member of the stock club, he called another member, and just like that, he made the call to ask about trends in case he didn’t know.
But at this time, the opponent was quiet for a while.
And after a while, the voice came again.
“I think there is something… something in this?”
“right? Are you sure there’s something there? I get it. Let’s hang up.”
It’s like the other person doesn’t know anything in particular.
So the man hung up the phone right away.
However, he did not buy right away, but after carefully watching the stock price fluctuations, he immediately entered his ID and entered the Sangmun Construction Jongto room.
Right now, the [Sangmun Construction] Jongto room was a mess.
