Reborn Korea, I am not a chaebol

Chapter 19 Shareholding Ratio
"Okay, after you collect 3000 billion, I will take you to meet the founders of Daum, Li Zaixiong, Li Zejing and Park Jianxi. The three of them together hold more than 60.00% of Daum's shares."

Before going to bed last night, Zhou Wenhua learned on the Internet that the current market value of Daum is about 1 trillion won. To acquire more than 2000% of the shares, is 60.00 billion won enough?
With this doubt, he asked: "Old man, can 3000 billion won really buy more than 60.00% of Daum's shares? Its market value is more than 1 trillion won."

"On KOSPI, Daum's market capitalization is indeed more than 1 trillion won, and since the two companies announced their intention to merge in May this year, Daum's stock price has barely exceeded 2000, but the stock price has fallen by 5 after Kakao talk's party issue. It’s less than 10, now Kim Bum-soo is facing no small problem, I asked someone to inquire this afternoon, due to partisan disputes, many users have temporarily stopped using Kakao talk.”

While the old man was talking, Zhou Wenhua began to write and take notes.

"But, old man, shouldn't the three founders of Daum wait for the establishment of the new club before selling their shares? That's the most cost-effective way for them."

"You are right. If it is an ordinary shareholder, he can indeed do this, but Li Zaixiong, Li Zejing and Park Jianxi are the major shareholders holding the most shares in Daum. If the company is merged according to the ratio of 1:1.5, then the At that time, their shares were the most severely shrunk, and if the stock price of Xinhuishe did not reach the expected stock price in the future, wouldn't they lose money?"

The old man took a sip of his wine and continued, "As I said, Kim Bum-soo and his Kakao are in danger now. He used to rely on the mobile games operated by Kakao talk to make money, but if he can't get out of the party struggle, So starting from this year, the mobile game industry will be farther and farther away from Kakao talk, do you understand?"

Zhou Wenhua fell into deep thought after hearing this, and he was still slowly digesting the other party's words.

He vaguely asked: "Old man, I still don't quite understand, what does this have to do with my acquisition of Daum's shares with 3000 billion yuan?"

"Let's put it this way, Lee Jae-woong and the others are not clear about the problems Kim Bum-soo is facing. Let's assume that if Kim Bum-soo gets through this difficulty and succeeds in merging his Kakao and Daum, then Lee Jae-woong and others will definitely lose the right to speak and their shares will shrink. If the stock price can’t go up, will they be willing?”

The outside world is generally not optimistic that the combination of Kakao and Daum can achieve the effect of 1+1 equals 2, because there is a mountain in front of them called NAVER.

"of course not."

"That's right, let's assume that if Kim Bum Soo-do fails to overcome this difficulty and the merger of Kakao and Daum ends, then with the current operating conditions of Daum, its stock price will continue to fall [-]%. Under the circumstances, wouldn’t Lee Jae-woong and others continue to lose money and face problems such as Daum’s bankruptcy in the future?”

"When Daum and Kakao announced their intention to merge this year, someone told me that Lee Jae-woong, Lee Taek-kyung, and Park Gun-hee plan to leave Daum and start over again. You don't have to worry about acquiring shares."

The old man used hypothetical principles to analyze for Zhou Wenhua that no matter whether Kakao and Daum merge or not, as long as someone is willing to buy the Daum shares held by Li Zaixiong, Li Zejing and Park Jianxi at a suitable price, they will definitely sell themselves. shares in hand.

"Old man, according to your analysis, if I were to hold 60.00% of Daum's shares, I would definitely not choose to sell all the shares in this situation, I would keep some of them."

Zhou Wenhua proposed ideas from his perspective.

"Yes, so you have to use 3000 billion to acquire at least 30% of Daum's shares."

The old man also knew that Li Zaixiong, Li Zejing and Park Jianxi could not sell all the shares to Zhou Wenhua, so he said that 3000 billion won was needed.

30% of the shares?
Zhou Wenhua wrote down the number, and then he asked again: "Old man, do you know the three founders of Daum, Li Zaixiong, Li Zejing and Park Jianxi?"

"Park Jianxi is my student, and I have helped Lee Jae-woong and Lee Taek-kyung."

The old man is awesome!
With this relationship, Zhou Wenhua believes that the acquisition of shares should be relatively smooth.

"Old man, if I can successfully acquire 30% of Daum's shares, how many shares can I hold in the new club when the new club is established?"

The old man said before that Zhou Wenhua might become the second largest shareholder of the new club after the merger of Kakao and Daum, but he didn't know how much 30% of Daum's shares would eventually account for in the new club.

"The market capitalization ratio of Daum and Kakao is 1:1.5. If you allocate shares according to this ratio, you will be able to occupy at least 12% of the new club's shares."

Is 12% too much?
Zhou Wenhua didn't understand, after all, he was just a wage earner in his previous life.

"How many shares can Kim Bum-soo hold in the new society?"

"Kim Bum-soo now holds 29.9% of Kakao's shares, K Cube Holdings holds 23.7% of the shares, and K Cube Holdings is 55.6% owned by Kim Bum-soo, so Kim Bum-soo currently holds 1% of Kakao's shares, according to 1.5:33.36 Converted by the ratio, Kim Bum-soo will eventually own [-]% of the shares of the new company, he is still the largest shareholder of Kakao, but you are very likely to be the second largest shareholder other than him."

Zhou Wenhua carefully recalled that Kakao in his previous life developed better as it went on, and some media called it the TX of South Korea. If he owns 12% of its shares, he can make a lot of money.

"Yes, old man, I understand, thank you for your teaching."

Zhou Wenhua stood up and bowed to the old man.

"It's nothing, hurry up and collect money."

"Yes."

When it came to collecting money, Zhou Wenhua had a sudden idea: "Old man, I still need you to show me the way."

"what's up?"

"To make up the 3000 billion won, I need to rely on my friend in Huaguo. My friend in Huaguo said that he can lend me money, but I need to provide proof of assets in Korea. It is best if I have run a club. , and the more employees there are, the more money he can lend me, so I want to buy a few factories and integrate them, do you know where I can buy factories?"

Zhou Wenhua only knew the old man in South Korea, so instead of wasting time by himself, it would be better to let the old man determine a range for him before taking action.

The more employees borrow the more money?

This was the first time the old man had heard such a statement.

"Is your friend rich?"

"Yes, his family is engaged in real estate development in Huaguo."

"Well, Li Xiyou, the mayor of Namyangju, the closest city to Seoul, is my student. I'll take you to Namyangju to ask him tomorrow."

It is best to have an acquaintance, not to mention that the other party is the mayor of Namyang City.

(End of this chapter)