Investor That Can See The Future

Chapter 105

The price of the house that Chairman Chae Young-eun offered for his private contribution was 20 billion won.

As it is a high-end housing complex, the land price alone is more than 15 billion won even if it costs 60 million won per pyeong. Considering the cost of construction, this is a reasonable price.

But the problem is that this is a reasonable price.

Few people buy large houses as much as those who sell them. Also, because the rich are sensitive to feng shui, they feel sorry for the houses that their businesses have sold out.

Real estate experts judged that it would not be sold unless the price was significantly lowered. And Chae Young-eun hoped that it would be the same.

Unlike apartments, where the transaction price is set to some extent by complex and pyeong, houses have different prices depending on the location and building.

There is also a large difference between the announced price and the actual transaction. This house was also sold for 20 billion won, but the official price was about 10 billion won.

I was thinking of taking the time and seeing the situation, either doing something that didn’t happen, or buying it at the official price level with the name of the car.

By the way… … .

Suddenly, Jinhoo Kang announced his intention to purchase. publicly too.

As soon as this fact became known, articles poured in.

[OTK Company CEO, Hyunjin Shipping Holdings Chairman Chae Young-eun’s intention to purchase the house!][20 billion won Samsung-dong house in the arms of Kang Jin-hoo][It turns out that he was staying at a hotel instead of at home][All proceeds from the sale will be contributed to the relief of minority shareholders of Hyunjin Shipping]

?Chairman Chaeyoung-eun was bewildered.

I have no intention of selling at all, but people will come to buy me!

After avoiding her response for several days, she presented her position through an attorney. She said that she would sell it for 22 billion won, not 20 billion won, considering the real estate experts’ sentiments and the price of the surrounding real estate. And it’s a decision for minority shareholders, she added.

The bulletin board where the minority shareholders were gathered exploded.

– What kind of bullshit is it for minority shareholders?

-If you give it to me just two more times, we will all die.

-Who buys at that price?

– You mean you just don’t want to sell it?

-I recognized you from the moment you squeezed in front of the camera.

– This is a Hogu that bought 32,000 shares a few days before the trading suspension. What is the prosecution doing?

– Chaeyoung is in prison!

Chairman Chae Young-eun did not care about her criticism.

It’s enough to just get over this situation anyway. She never intended to sell her house.

‘At this point, will you leave after Kangjin?’

But it was her mistake.

At OTK Company, Chae-Young for Minority Shareholders actively supports her chairman’s decision to appear in private equity, and she has announced that she will be willing to buy it for 22 billion won.

There is no more reason to refuse.

If you change your mind this time, it will be revealed that the promise to appear in the private sector was a lie.

* * *

The acquisition of Xcop went well.

Representatives from both sides signed the documents, and OTK Company and Golden Gate remitted $2.93 billion. As we said earlier, we took 70% of the stake.

The CEO and management remained the same, but the three outside directors were filled with new hires. Hyunjoo’s older sister has already found a suitable person.

The management advice received from Typo Group was to be maintained for the next five years (this was included in the terms of the acquisition).

The owner of the X-Cop has changed, but it hasn’t changed much.

Several suppliers supplying Eunsung Motors have notified that they will terminate the security contract. Sales will drop a little right now, but without them, there is no problem in business.

Hyunjoo noona was still busy. But Ellie was a little more relaxed, and she came over to our building from time to time.

Ellie raised her hands in a flash.

She said, “I won!”

Then she rejoiced and said to me.

“Did you see it, Jinhoo? I won.”

Taek-gyu trembled as if he was in a big shock.

“Hey, this can be. I am holding an iron fist.”

“… … .”

What are you both doing in the sacred CEO’s office?

The wall-mounted TV installed in the drawing room was becoming exclusively for gaming. I think we could even hold a Tekken Tournament.

Well, it’s the same with me.

A few reports are not coming up today. It’s no wonder the presidents are swinging golf clubs in the office.

Ellie asked me.

“It’s Christmas in a little bit, so what are you going to do?”

Originally, Christmas was a Christian holiday to celebrate the birth of Jesus. However, regardless of religion, it is celebrated as a festival in most countries.

I am not religious (I achieved Buddhist, Protestant, and Catholic Grand Slams while in the military). The same goes for Taek-gyu and Hyun-joo noona.

“By the way, what is Eli’s religion?”

“It’s an Anglican Church.”

“Ah! Because her mother is British?”

“Yes. And in Hong Kong, there are many Anglicans.”

At the time of the Reformation, England split from Catholicism and formed a separate Anglican Church. Since then, the Episcopal Church has expanded its ecclesiastical traditions not only throughout England, but also in areas colonized by the British.

“I was baptized when I was young, but I don’t usually go to church. It’s because I’m busy with work.”

“I still have Christmas.”

At my words, Ellie wrinkled her eyes.

“of course. If he is an office worker, he must take his days off.”

That’s too right.

It feels like a public holiday in Korea, but surprisingly, there are many countries that do not have a day off.

“Is Christmas a public holiday in Hong Kong?”

“Yes. Hong Kong is closed until the next day.”

“Does Ellie have any plans?”

“Um, I… … .”

At that moment, the intercom rang.

Taehyung quickly turned his head.

“It’s been less than 10 minutes since I ordered Jjajangmyeon, has it already arrived?”

“surely.”

I pressed the call button.

[Chairman Chae Young-eun’s lawyer came to visit. What should I do?]

Suddenly a lawyer?

For some reason he came to me, I can only guess. I don’t really have anything to do, so it’d be better to say it clearly this time?

“I’ll meet you in a moment. I’m playing one more game.”

Taehyung waved his hand.

“Come quickly before the jajangmyeon comes.”

* * *

A man in his late 40s with glasses was waiting in the meeting room.

As I entered, he got up from his seat, greeted me, and held out his business card.

“Hello. I am Park Dong-su, an attorney at law firm Jung & Kim.”

“nice to meet you. This is Jinhoo Kang.”

Jung & Kim is the largest law firm in Korea and is famous for handling all cases that make money.

He defended Lone Star in the case of Lone Star’s robbery of KEB, Mitsubishi in the case of victims of forced labor, and the perpetrator in the humidifier disinfectant case.

Even a criminal who commits such a scumbag is a lawyer if he pays for it.

Chairman Chae Young-eun, who is currently under investigation for embezzlement, breach of trust, and insider trading, paid a large fee and entrusted his defense to Jung & Kim.

“It is an honor to meet the CEO of OTK Company in person. I came here without an appointment, but because I met you like this… … .”

I cut off the horse.

“I don’t have time, so let’s start with the topic.”

Lawyer Park Dong-su nodded his head.

“You must be very busy at the end of the year.”

“no. I made it for jjajangmyeon. When it blows, it has no taste.”

“… … .”

It’s a face that is confused as to whether or not it’s a joke.

Anyway, he opened his mouth.

“I will tell you straight up. Chairman Chae Young-eun wants the CEO to withdraw his intention to purchase the Samsung-dong house.”

“I don’t understand. I want to buy a house I’m putting up for sale, what’s the problem? I decided to pay the same price as you said.”

“I understand that the purpose of the purchase is not investment or rental, but real residence.”

“But?”

“The President and his children do not want to leave the house they are living in. It is a house full of memories. I heard that the CEO also bought the house where he lived when he was young.”

I asked absurdly.

“Isn’t that house only five years old?”

“You value it that much.”

“Then why don’t you talk about selling it in the first place and appearing in private? I put it up for sale, but what do you mean you don’t want to move?”

Lawyer Park Dong-soo said calmly.

“From the beginning, you were thinking of selling it on the condition of lease. Therefore, the CEO was surprised to hear that the purchase was made for the purpose of real residence.”

Like a lawyer, he speaks hard, but it is bullshit if he turns his tongue around.

“Then you want me to buy and then rent?”

“I’m sorry to ask so much, so I’m going to make another suggestion.”

He took a document from his bag and handed it to me.

“what is this?”

“This is a house that an acquaintance of the president owns in Hannam-dong. If you buy this house instead of the Samsung-dong house, we will give it to you at a price 20% lower than the market price. It would not be a bad offer for the representative.”

Do you own it under a car name?

I’m not selling the house I’m going to buy expensive, and I’m going to sell another house cheap.

No matter how expensive a house in Samsung-dong is sold, the money goes back to the minority shareholders. Therefore, it is best not to sell Chaeyoung.

In other words, you will pay the price, so you want to withdraw the purchase.

I said without looking at the documents.

“I don’t like it.”

“We will do our best to meet the conditions. Once you see it… … .”(Read more @ wuxiax.com)

I just cut it off.

“I’m tired of crossing the river.”

This is sincere.

22 billion is enough to buy land and build a new house. However, it is not easy to find a housing site of more than 250 pyeong in Gangnam. It takes a long time to build a new one.

It’s hard to find something like this no matter how you look at it. Even if you pay a little more, it will go into the pockets of minority shareholders anyway, so that’s enough to count as good work.

I said, leaning my back on the chair.

“You must have a lot of money, so why are you doing this?”

Chairman Chae Young-eun split off Hyunjin Shipping to defend management rights and created Hyunjin Shipping Holdings, a holding company. At this time, most of the stake in local shipping was changed to Hyunjin Shipping Holdings.

Hyunjin Shipping went bankrupt, but Hyunjin Shipping Holdings is intact. The combined value of Chae Young-eun and her children is 20 billion won.

If deposits and hidden slush funds are included, the property will exceed 50 billion won even if this house is excluded.

The share price of Hyunjin Shipping has already plummeted, so its stake is worth only 2 billion won. Nevertheless, right before the trading suspension, they all sold on the stock exchange using insider information.

Even though he had more than 50 billion won, he committed illegally to avoid a loss of only 2 billion won.

I took out my phone and looked up the stock price of Hyunjin Shipping.

Hyunjin Shipping’s stock, which had reached 40,000 won a few years ago, has now become a coin stock due to management failure.

“It has dropped to 980 won at the time of trading suspension. In the previous two days, it hit the lower limit in a row. Chairman Chae Young-eun used insider information to sell everything before that, so he must have saved 2,000 won per share. How much do you think it will drop if this goes into consolidation?”

“that’s… … .”

Stocks listed on the exchange are given a closing period for several days immediately prior to delisting. In this case, the upper and lower limits do not apply.

“When a corporation is liquidated, the remaining assets are converted into cash and distributed among the shareholders. However, Hyunjin Shipping has more liabilities than assets. When the liquidation is over, you will be left with nothing but debt. From my point of view, it will drop below 10 won when the consolidation starts.”

Minority shareholders will have to watch the stocks that have already plummeted and turned into coins fall by another 99 percent.

“Do you know what minority shareholders do? College students, housewives, office workers, self-employed, etc. These are people who invest in stocks to try to use the money they saved without eating or wearing anything.”

Individuals lack both financial and informational power compared to foreigners and institutions. The ability to analyze companies and the ability to foresee the market are also poor.

Nevertheless, I invest in stocks because I believe that the country will develop and the economy will grow. You may suffer losses in the process, but if it is your fault, you can accept it.

By the way… … .

“To be honest, the reason stocks are depreciated is because the management is running like crazy. What’s wrong with minority shareholders?”

The manager is not responsible for dying with the ship when it sinks. But at least you shouldn’t be the first to jump when the ship sinks.

However, Chae Young-eun left her own damage to others and escaped to live alone.

In the first place, since you have run your business with such a rotten mind, is there any way for a company to function properly?

Attorney Park Dong-soo’s expression hardened.

“Don’t do that, think again… … .”

I stood up without hearing any more.

“From my point of view, it would be difficult to avoid imprisonment. What kind of house do you need to live in prison in the future? Go back and tell the president Chae Young-eun. Stop talking nonsense and pack your moving stuff quickly.”