Chairman Jin held up a docunt in his hand and shook it.
"Is this an accurate figure? 2 trillion, 370 billion?"
The Hando Steel acquisition team gathered in the main office conference room, briefly exchanged glances and then nodded in agreent.
"Yes, it's certain."
When Vice Chairman Jin Yeong-gi responded as the representative, Chairman Jin double-checked the numbers before speaking again.
"If Hando Steel is valued at this amount, Daehyun Group will definitely bid with this figure. And since Daehyun Group already has expertise in steel, they'll undoubtedly score higher than us. So, how much should we write down?"
No one dared to speak casually. The bid amount is directly proportional to the Chairman's determination to acquire Hando Steel. It's known that his determination is strong, but it can't be quantified.
Even Chairman Jin himself finds it difficult to quantify. How should they respond?
However, due to Chairman Jin's gaze, there is soone who can't avoid giving an answer.
"Director Jin Yeong-jun, what do you think?"
"1 trillion, 800 billion."
When an answer ca without hesitation, Chairman Jin seed sowhat surprised.
"Why?"
"This amount is the maximum our Sunyang can present at the mont."
"But then, Daehyun will surely win, won't they?"
"We can't take on debt to acquire it. The value of Hando Steel and our financial strength are precise. We shouldn't engage in a money battle."
"But what else can we compete with in a public auction?"
"I suggest emphasizing that Sunyang is the company where the most synergy effects would occur if we were to acquire Hando Steel. Daehyun already owns a steel company, so their synergy effects are minimal." He spoke quite persuasively, and words co with responsibility.
"Then, to acquire it, let's create the synergy effects report Director Jin ntioned, and let's make them impressive. Give the evaluation committee sothing to be amazed by. We'll give you one week."
"...Yes."
It was an answer with a lack of confidence, but it wasn't a refusal. Once you're over thirty, it looks like you have to do your part.
The Chairman turned to look at soone else.
"Again? Is 1 trillion 800 billion all there is? No other opinions?"
"2 trillion 500 billion."
Hong Song-chul, the construction company president, tossed it out casually. As everyone's gaze turned toward him, Chairman Jin also showed curiosity.
"On what basis?"
"The bondholders see no difference between Daehyun and Sunyang. The governnt will accept it regardless of who takes it over. To ensure fairness and avoid any noise, I believe we'll have to offer an even higher amount."
Vice Chairman Jin Yeong-gi and Director Jin Yeong-jun's faces turned red.
The carefully prepared content was casually dismissed by President Hong.
"Where will you get the lacking money from?"
"We have an apartnt site secured from Sunyang Construction. We can secure a loan of 700 billion won with that land as collateral."
They had crossed half of the risky bridge. Money preparation was possible, after all.
"But how will you repay the 700 billion loans? You can't build apartnts on land where you've laid down loans."
"We'll handle that neatly in the construction process. Please rest assured, Chairman."
Chairman Jin's mouth curled up slightly.
It was the most desirable answer.
Address the imdiate problem and skip the process. Even if there were illegal or unethical actions, the bla would fall solely on the person responsible, and the Chairman wouldn't be splashed with any mud.
There was no need to lie, as it was the truth.
Indeed, trustworthy.
"It seems President Hong secretly pocketed a substantial amount of money. Talking so confidently about 700 billion as if it's a piece of cake when it's not even your own dog's na. Hehe."
Except for these two, the conference room burst into laughter.
Vice Chairman Jin Yeong-gi couldn't bring himself to laugh.
Hong Song-chul, the president, once again confird that President Hong had no intention of siding with him.
"As expected, Daehyun is thinking about 2 trillion, 300 billion."
"Typical Daehyun. He's not one to play tricks. Chairman, are you..."
Chairman Jin and Director Lee Hak-jae were reviewing the letter of intent for the acquisition in the study.
"But Chairman, do you really intend to invest 2 trillion, 500 billion?"
"Why? Not willing?"
"The group's fund managent will be quite shaken for a while."
"Don't be too scared. I have a plan."
Chairman Jin's relaxed attitude didn't brighten Lee Hak-jae's expression.
"Now, how does our Do-Jun feel? Is there really no other way besides money?"
I couldn't satisfy the expectation hidden in Grandpa's gaze as he looked at . Who could reveal what was hidden in that sinister mind?
"Could you give a hint? I'm really clueless."
Director Lee Hak-jae tried to convey what he wanted to say, and Grandpa smiled at both of us alternately.
"Selling a tree, I'd want to sell it to soone who will nurture it well, not to soone who will chop it down and use it as firewood. That's how people feel."
Both Lee Hak-jae and I widened our eyes.
"Chairman, do you think Daehyun will resell Hando Steel?"
"Who cares what Daehyun's Chairman thinks? We should just think about selling it to soone who will grow the trees. Right?"
"I see."
Only now did Lee Hak-jae understand Chairman Jin's plan. The reason for arranging a eting with the evaluation committee and providing a al was exactly this.
"Do-Jun, does this hint help?"
"Yes. If Daehyun acquires it, they'll build apartnts on Hando Steel's land and sell it, then sell the ironworks facilities overseas. Hando Steel will disappear without a trace. But we, Sunyang, entering the steel industry for the first ti, will do our best for Hando Steel's recovery. Isn't that it?"
"Exactly. I gave away too many hints."
Will this thod actually work?
Daehyun also had formidable connections. Even if their goal was to resell, there would be plenty of people supporting them.
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