＜ Miracle Investor 16 ＞
However, Vice Chairman Kim Hye-kyung had no choice but to do so, and when he talked about the acquisition with another consortium that wanted to acquire [Shinyoung Pharmaceutical], the problem was that the other consortium was talking about up to 600 billion won for the acquisition cost, which was a very difficult situation.
They made a really cool judgment about [Shinyoung Pharm] and set a really low acquisition cost.
At least, [C&K Investment] is talking about 700 billion won.
This one is much better.
However, when they try to step back, it is inevitable that they will become impatient.
In fact, the one who loses in a tight fight always has to be the one who is in need of something.
Unlike [C&K Investment], where you have two options and try to choose one, Shinyoung Group didn’t have enough options, so although their pride was hurt, they had no choice.
In particular, in order to overcome the crisis of [Shinyoung Asset Management], it was necessary to obtain acquisition funds at an earlier time.
At least [C&K Investment] is a place where you don’t have to worry about money, no, it’s a place where you have a lot of money, so it’s a much easier place to negotiate.
“Professor, how about this? Why don’t we make concessions and the professors also make concessions and start negotiations around 900 billion won?”
900 billion won?
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Vice Chairman Kim Hye-kyung, who originally talked about 1.2 trillion won.
I’ve reduced it a lot, but it’s still too high.
So Hyunjoon shook his head again.
“The maximum we think is… 700 billion won. Any more than that is simply impossible.”
Just like that, when Hyeon-jun cut it off, Vice Chairman Kim Hye-kyung’s expression immediately turned cold.
It’s not an easy opponent.
Professor Choi Hyeon-joon has another option, [Rungjin drug], so Vice Chairman Kim Hye-kyung’s position is inevitably lowered.
However, the meeting cannot be broken up like this.
This is because the stock prices of each affiliate of the Shinyoung Group are on a downward trend every day.
In order to break this cycle of decline, something special is needed.
One of the easiest is the massive restructuring of the Shinyoung Group through the sale of [Shinyoung Pharmaceutical].
And you can call it a new business venture.
However, these things eventually start with securing funds through the sale of [Shinyoung Pharm].
“good. professor! Then I will lower my eyes even more, lowering it to 800 billion won. How about that?”
However, Hyeonjun shook his head again this time.
And CEO Dennis Kim, who was next to him, also shook his head and opened his mouth.
“Vice President! Why don’t you negotiate a little more leisurely through the working team? I will meet Kang Seok-hee, CEO of Shinyoung Group’s Group Strategy Office.”
So CEO Dennis Kim subtly returned what Vice Chairman Kim Hye-kyung said earlier.
Then Vice Chairman Kim Hye-kyung’s eyebrows were frowning on their own.
In fact, the mention of Kang Seok-hee, president of the Group Strategy Office, was just a statement. But she didn’t know that those words would fly to her again.
“That would be nice too, but CEO, no professor! How about doing this first? It will take more time to calculate the exact amount, but if [C&K Investments] is really willing to acquire [Shinyoung Pharm], how about verbally agreeing on an approximate possible acquisition amount?”
In fact, that’s exactly what I’m doing now.
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Vice Chairman Kim Hye-kyung said that in order to reduce the future role of President Kang Seok-hee of the Group Strategy Office.
Hyeonjun immediately agreed at this time.
“yes. I fully agree with the Vice President’s opinion. However, since there is a large difference in position between them, it seems that such a verbal agreement will not be easy. So I think CEO Kim mentioned CEO Kang Seok-hee. Anyway, I agree with the vice president’s opinion, and I have no choice but to agree with the opinion of our CEO Kim.”
Come to think of it, both of these two methods came from the mouth of Vice Chairman Kim Hye-kyung, but Hyun-joon slightly confused the head of Vice-Chairman Kim Hye-kyung in front of him with a clever pun.
In other words, it is not ignoring Vice Chairman Kim Hye-kyung’s opinion, but he intends to compromise appropriately, but Vice Chairman Kim Hye-kyung himself has led it in such a way that he has made a very rough road.
Then Vice Chairman Kim Hye-kyung fell into deep thought.
This way, her position became embarrassing.
In the end, when a thirsty person dug a well, Vice Chairman Kim Hye-kyung let out a short sigh and came forward more aggressively as if he couldn’t do it.
“good. professor. Then, first of all, as the professor said, we estimate 700 billion won, but don’t necessarily set it as the maximum, but set around 700 billion won as an approximate acquisition price, and what if the really accurate acquisition price is negotiated in the future? Of course, the final decision should be made by both sides when the final acquisition price is decided.”
So, Vice Chairman Kim Hye-gyeong can’t let go of Hyun-jun, so he wants to start working-level negotiations unconditionally. And it looks like she’s thinking of looking for other takers as well. However, Hyeon-jun has no reason to open such a path. So, Hyeon-jun immediately proposed important issues related to the negotiations.
“I always welcome comments like that. However, the position of our company is the same, and the position of the vice president’s group must be the same. We also have no intention of spending a long time on this kind of thing. So, if I had to make a suggestion, I would like the meeting to be held more systematically from now on. It’s not just a face-to-face meeting, we also want to hold a meeting with the M&A advisor prepared by [Shinyoung Pharm] from now on. In particular, I would like to be recognized as a preferred negotiator through various agreements rather than such an ambiguous initial contact, that is, this type of tapping. After that, we want to proceed with full-scale negotiations.”
Just like that, Hyeonjun talked about detailed requirements.
In the end, Vice Chairman Kim Hye-kyung accepted those demands as if he could not help it.
In any case, it was a pity to miss [C&K Investment], which has the most financial power these days.
Having already been pushed out of the momentum battle once, it was inevitable for Vice Chairman Kim Hye-kyung.
“And one more! There are additional conditions of my own that must be settled before these negotiations can begin in earnest.”
After that luck, Hyun-jun glanced at Vice Chairman Kim Hye-kyung.
Then Vice Chairman Kim Hye-kyung was very puzzled.
“Speak. professor. I will listen.”
However, Hyun-joon did not immediately discuss the condition, and proposed a private meeting with Vice President Kim Hye-kyung for a while.
Then, Vice Chairman Kim Hye-kyung was even more puzzled.
But after thinking for a moment, she agreed.
#
and after a while
When there were only two people left in the conference room, Hyeonjun immediately opened his mouth.
“As far as I know, I heard that the Shinyoung Group has about 300 billion won in spare funds. Is that right?”
“Ah, but I don’t know where I heard it, it’s not exact, but it should be about that. But why do you ask?”
“Oh, sorry, but before I answer, I have one more question. I heard that you recently invested about 30 billion won in a pharmaceutical venture company that is about to go public. Is that right?”
“yes. But how did you know that? So, what is the point of your words?”
“In fact, it’s nothing different, I heard that the pharmaceutical venture company is run by my college classmate Tae-joon Jang, managing director. Is that right?”
“yes. It is, but… I am well aware that the professor is Sangmu Jang’s university classmate.”
“ah! If so, it would be easier for me to say a little more. Actually, to be honest, I do have some bad feelings towards Managing Director Jang Tae-joon.”
Then Vice Chairman Kim Hye-kyung looked at Hyun-joon with a startle. And she was immediately curious about something.
Currently, Vice Chairman Kim Hye-kyung is still having doubts about Jang Tae-joon’s father, Jang Sang-hoon, president of Shinyoung Foods.
The person who once recklessly passed the position of the head of the group, which was her husband’s position, was Jang Tae-joon’s father, Jang Sang-hoon, CEO of Shinyoung Foods.
On the other hand, Hyun-joon got to know the general inside story of Shinyoung Group through Kim Byeong-soo, managing director of the secretary team, so he started to talk honestly about things that happened during his college days. Then Vice Chairman Kim Hye-kyung’s expression brightened noticeably.
In other words, she was very curious about the fact that Professor Choi Hyeon-joon, the richest man in Korea, is having an affair with managing director Jang Tae-joon.
“Professor Choi, then what can I do?”
“Well, I’m not asking too much. I heard that the vice-president has the power to deal with the bankruptcy of Shinyoung Food at any time. In other words, I heard that you have a considerable amount of bills and bonds issued by Shinyoung Foods through various channels.”
“Oh my, ho ho ho. But how did you know that?”
At the same time, Vice Chairman Kim Hye-kyung’s eyes are a little thin.
Hyunjoon replied with a smile.
“First of all, there are data published by Shinyoung Foods, and if you roughly judge the situation coolly, you can quickly know the approximate atmosphere, right?”
“Ah, I guess so. Ho ho ho. Then, with my own hands… are you saying that I should dispose of that troublesome Shinyoung Foods?”
“yes. Aren’t you ready to do it anytime? Also, isn’t that why you absorbed Jang’s 20% stake in pharmaceutical ventures and also absorbed additional stakes through other affiliates?”
“Ho-ho-ho! professor! Professor, you know a lot about corporate physiology more than you think. Even if they are from the same family, even if they are of the same blood, there are many times when they are worse off than others. Then, if I take care of them all, what can you offer me, Professor?”
“Vice President! This is my personal condition that I mentioned earlier. If this condition is met, I will focus on acquiring [Shinyoung Pharm] with great enthusiasm. And the vice-president will be able to solidify the succession structure after Chairman Jang Sang-kwon by eliminating competitors early.”
“Oh! I was really surprised again. The professor was certainly not a simple person. I suddenly think that he is a much scarier person than I thought.”
At that, Hyunjoon laughed.
Now, I don’t want to become that kind of person who is swayed by someone.
There is no reason to leave useless risks and remnants of the past.
In particular, the three bodyguards who lost their lives because of him.
Hyeon-jun can never accept such a terrible death.
“good. professor. Then I will 100% accept that offer. And I suddenly have such thoughts that I will be able to talk more with the professor in the future.”
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Vice Chairman Kim Hye-kyung is very satisfied.
However, she didn’t seem to be aware of the fact that one day Hyun-joon could target the Shinyoung Group.
But anyway, Hyeon-joon ended up quietly finishing things related to Jang Tae-joon.
And regarding another college classmate, Jia Han, I plan to analyze her family Jinwoong Group more.
In any case, in order to rise to a higher place, Hyun-joon has no choice but to actively engage in mergers and acquisitions that are quicker and more effective.
If so, I thought that it would be much better to take over companies with bad ties than take over good companies hostilely.
So, the Jinwoong Group also came to think of it as a future hunt.
And from then on, time passed very quickly, and it was Wednesday, June 19th.
At this time, Hyun-jun received an unexpected phone call from Gary Grubbs, director of [Golden Invesco MRC Fund].
