[293]Get along well? 4
“Vice President Vibrator!”
When Chairman Hakjae Lee hit the table, he raised his head.
“I’m just saying this just in case… . No, as a warning, due to the circular shareholding structure between affiliates, stocks held by each other should not be transferred carelessly. “Do you know that tampering with assets owned by a company before it goes bankrupt is clear embezzlement?”
If Sunyang Construction’s ownership stake is transferred to creditors due to the construction company’s bankruptcy, control of the affiliate will collapse.
The role of the parent company, which is dominated by Vibrator, means not to think about the move of moving all shares to construction, heavy industry, and heavy industry and blowing up only the shell of construction.
Until now, the prosecution has turned a blind eye to such incidents, but didn’t the Prime Minister say this a little while ago? If necessary, they will even mobilize the National Tax Service.
Would the government, which is considering mobilizing the National Tax Service, be unable to move the prosecution?
If the government turns its back on you, even a conglomerate is no different from an ordinary company.
“Heavy Industries provided a lot of payment guarantees for construction, right? Our HW also holds a considerable amount of heavy industry bills. “If construction collapses, heavy industry will also suffer and will not be able to survive anyway.”
Finally the vibrator opened his mouth.
“Enough of the threats. “Tell me what you want.”
“why me?”
“yes?”
“You should tell me what you want. It’s up to me to decide whether to listen to it or not. Are you mistaken that I am still the Vice Chairman of Sunyang Group?”
Chairman Hakjae Lee shook his head.
“You only have one choice. Giving everything to your older brother Jinyoung-gi and picking up the bones he throws at you. Or quietly helping HW achieve a smooth acquisition. Which one?”
This is a reality that we neither want to hear nor believe.
Vice Chairman Jin Jin-gi also knows that he can recover if he holds out for just two years, or even just one year.
Based on the information gathered by diligently running around the Middle East corporation, Dubai is coming out of the moratorium sooner than expected. The consensus among experts is that the U.S. financial crisis will last for quite some time, but Asia will be less affected.
It’s hard to accept that you think you’ll lose everything just because of one year.
“Do you really have to take everything? “Give me a little time and I can solve this problem.”
“You know very well that you can’t choose what you don’t see… .”
Chairman Lee Hak-jae looked a little sad. Still, hasn’t he been on friendly terms with each other for a long time?
“Companies disappear for lack of time. Do you know that when Chairman Jin acquired the company, he did so with money? “We created Sunyang Group as it is today because we did not miss the right time to take over and did not give it time to recover.”
“so? Are you saying that you are going to criticize Sunyang Construction’s bankruptcy with a news top?”
“Didn’t I tell you? “If you want to help with a smooth acquisition, you’re going to do it quietly?”
Vibrator sighed.
“Why on earth are you doing this? Even though he is not the owner of HW Group. He’s just a salaried CEO. Wouldn’t it be better to get practical? So I told you to tell me what you want… .”
“Because I’m a salaried worker.”
“what?”
“Because my master wants Vice President Vibrator to be pure. I’m just paying for food right now. haha.”
Investment company swallowing up the company? This is something that is simply difficult to accept.
It is clear that Lee Hak-jae, who was his father’s shadow, is looking beyond Sunyang.
I thought that Lee In-ja’s hidden delusion was that he believed that he had raised Sunyang and that he should have been given the position of Sunyang’s chairman.
“Vice President Jin. It is said that when a cancer patient is diagnosed with a terminal illness, they go through five stages. Denial, anger, hope, depression, acceptance. I don’t know what stage the vice president is at now, but he better act smarter. Wouldn’t it be better to skip everything, accept reality, and save at least one more thing? “I will leave much more to you than Vice Chairman Jin Young-ki.”
Hakjae Lee persuaded him with a soft voice, but only a bitter smile appeared on Vibrator’s face.
“How dare the guy who used to be my father’s sidadbarina discipline me? Do you want to imitate your father, who served when others called him chairman or president? “Where did you get so arrogant?”
Although he spoke in a low voice, he suppressed the anger that threatened to explode.
“If I kick you in the butt, you’ll break too. what? Cancer patient? Step 5? It’s so absurd, won… .”
Vibrator got up from his seat.
“Even if I become a poor person, my brother… “Even if I throw it to my nephew, you won’t be able to get even a single brick from Sunyang.”
As Vice Chairman Jin Jin-gi shouted as if declaring and walked out, Chairman Hak-jae Lee burst into laughter.
“Anger… . “It’s still stage 2.”
Anger makes people blind.
If you throw it to your nephew, it might hit the ground forever.
is not it? Is regret inevitable, whether you are a brother or a nephew?
* * *
“HW is leading the creditors?”
“okay. “Lee Hak-jae wants Sunyang.”
You got it wrong, uncle.
Is it because the situation is so urgent that I haven’t noticed it yet? Or is it because I don’t think I have the money to draw up a picture this big and execute it?
“I don’t think there’s anything I can do because the money in Dubai is so big.”
“There is one.”
Is there still a hole left to escape?
“As you know, we only hold shares in major affiliates and shell companies that act as holding companies.”
“Yes.”
“Affiliates hold a large share of each other’s shares through circular shareholding. What Hakjae Lee is aiming for now is the shares held by affiliates. “If he secures all of the shares, we lose control over the shares we hold.”
“Yes.”
“It would be a big deal if the stocks held by affiliates were taken away. therefore… .”
“If you mess with that, the creditors will hit you, right?”
“You can sell it at a reasonable price and use that money to settle some of your debt. “Then it is part of a self-rescue plan that has nothing to risk.”
“Is there a place to buy all those stocks at a reasonable price? “It’s going to cost an astronomical amount of money, right?”
“That’s why I’m asking you a favor. Aren’t you and I joint voting rights of the controlling stake? “If your stake in an affiliate disappears, the power of your controlling stake also weakens.”
Do you want to say that we will die together? It even sounds like a threat.
“Mobilize all of Sunyang Financial Group’s funds to secure shares owned by construction-related companies. Only then will Lee Hak-jae’s plan come to naught.”
“Are you saying that you will use that money to pay off the debt of the construction company?”
“okay. “It’s two birds with one stone.”
——————
faqwiki.us
Join our Discord for new chapter updates!
https://discord.com/invite/xr7SxG5T6V
——————
Pay off your debt and protect your shares.
Two birds with one stone is right. However, not to me, but to my second uncle.
I’m just incurring huge additional costs to buy shares that will be mine anyway.
“I don’t like it.”
“what?”
Vice Chairman Jin Jin-gi began to glare fiercely.
“Did you make the same offer to your first uncle? “The financial strength of Sunyang Electronics and Sunyang C&T is not inferior to that of financial groups.”
“Well, that’s… … .”
“In particular, Sunyang Corporation entered the Middle East with construction. This is not the time to say that you don’t know me, like your first uncle. “I’m sure you discussed it, right?”
His eyes as he glared at me wavered.
“why? Did you say that you don’t want to buy shares in affiliates and would consider giving up a controlling stake in the group? Instead, you threw in a couple of non-main affiliates as if you were the right choice?”
I stabbed him in the sore spot as he closed his mouth tightly.
“The person who is clearly responsible also refused, so why should I do it?”
“I’m saying this because the shares you have may become useless.”
“That applies to everyone. But I’m not worried. “Because I can keep my share.”
His eyes widened as if he had never thought of this.
“If HW takes the shares of Sunyang affiliates, only the shares of the financial group will be taken back. The owner of HW Group is Miracle. I invested quite a lot of money in Miracle. “I will hand it over to you at a very low price.”
I guess you’ve figured out my plan now. I ask carefully in a trembling voice.
“Are you planning on taking this opportunity to completely separate from the group?”
“of course. “The uncles were trying to take over my company, and I knew that if your business faltered, I would be in danger too, but did you think I would stay quiet?”
“Dojun! That’s not possible. Separation of series… . “You can’t break Sunyang like this!”
If major construction companies are transferred to HW and the financial group becomes independent, Sunyang will no longer be Sunyang.
I even found it funny that my second oldest uncle was worried like this. A person who has already fallen away from Sunyang and cannot go back is still talking about Sunyang… .
“Uncle. The eldest uncle has already begun succession work. The fact that Youngjun hands over the controlling stake in the group to his brother means the separation of the business. Isn’t it the will to protect what you have? It’s inevitable that the shield will be torn.”
Vice Chairman Jin Jin-gi kept his mouth shut. This is because he, too, was going to proceed with the succession process and once this Dubai World project was over, he planned to give the money he had earned to his son.
Although it all went wrong.
“I’m sorry, but uncle, there aren’t many choices you can make. Either hand over all of the shares and prevent Sunyang from being taken over by someone else, or cooperate with creditors to avoid the company going bankrupt… .”
I quietly threw one last option to him, who was devastated in the face of a cold reality that he did not want to believe.
“There is another way.”
He lifted his head and started looking at my mouth.
“Please hand over all shares to me instead of your first uncle.”
“what?”
“Don’t be angry, just think carefully. There is a big difference between me and my eldest uncle. “I can take care of Taejun right away.”
His eyes widened when his son’s name was mentioned.
“If the first uncle takes control of the group, no one except Yeongjun and his family will be able to set foot in the Sunyang main building. But I’m different. Both Taejun and Seongjun will take on important responsibilities for Sunyang. “Three-generation joint management, I promise you this one thing.”
“Under you?”
I shook my head at the man who spoke mockingly.
“You probably already know, right? I am not briefed to any financial group presidents. We only discuss it together when something major like the current U.S. financial crisis occurs. My two older brothers will become independent professional managers. Of course, Seongjun needs to verify his abilities, but I think Taejun has already done enough.”
I think children are more important than the company.
Vice Chairman Jin Jin-gi walked out with a red face and a fuss.
Pride is important, but it still has a long way to go when it comes to overshadowing cool-headed reason.
We must feel the reality in a more miserable way.
* * *
“I hid what I wanted to hide and covered what I needed to hide, but it looks like it will be more than 600 billion won.”
Vice President Jang Do-hyung hesitated and handed out the documents.
“You hid a lot. There is also a company that took over a small food company with sales of less than 2 trillion won and paid 150 billion won in taxes. I only paid 1.3 billion won. “It would be normal if it exceeded 1 trillion won.”
“It’s already over. “Is there really a need to spend 600 billion won in the form of voluntary tax payment?”
“Vice President. I am not a conscientious taxpayer. It’s a waste, but it’s necessary. “This isn’t about paying inheritance tax, it’s about preventing inheritance.”
“after… … . That said… .”
Vice President Jang Do-hyung keeps letting out a long sigh, as if he feels like it’s a waste.
The amount of money is not important, but how you spend it is important.
Well, the amount is also important to people who don’t have money.
—————————————
fantasy, modern,
