Chapter 74

Chapter 74

Let’s Hand It Over Quickly

President Shim and I got on the car.

On the way to the Taeseong Chemicals factory.

President Shim opened his mouth while driving.

“I performed all the matters the Young Master requested and came.”

That was the reason President Shim who said ran away to avoid annoying questions deliberately attended the unofficial executive meeting.

“First, obtained full authority regarding Taeseong Chemicals handover under the chairman’s permission.”

“Well done.”

“It was exactly as the Young Master predicted. Even the request the chairman left was the same.”

President Shim grinned.

“Don’t leave lingering, don’t drag, hand over cleanly and certainly! He said so.”

Grandfather decided to yield Taeseong Chemicals as the price of withdrawing the marriage with U-gwang.

Even if dragging and acting up, only flaws go on grandfather’s face and there’s nothing good.

“Do you remember what grandfather said while saying to Chairman Kim of U-gwang to organize Taeseong Chemicals?”

“He said to organize the shares.”

At the year-end night, grandfather said.

-How will you do? I’ll hand over the shares so will you take Taeseong Chemicals, or hand over the shares to me and receive with money?

-Your company also became able to breathe thanks to my son. U-gwang was short of money because only seeing deficit until now due to the steel business.

-Business organization needs time. But remember only this one. It’s already a concluded matter. If the situation changes, the position also changes so the faster the negotiation, the more advantageous for you.

Taeseong Chemicals is a company that U-gwang and Taeseong jointly invested and divided the shares half and half.

“If U-gwang wants to receive the company, have to buy grandfather’s shares.”

“No matter what means used, they’ll buy the shares.”

Because Taeseong Chemicals was a quite good prime company.

“An opportunity to simply take a company of as much as 30 billion came, would U-gwang miss it?

“But U-gwang has no capacity to mobilize cash because of the steel business deficit.”

Even though U-gwang Construction earned a quite large sum with apartment sales these days, it’s not even close to putting out 15 billion.

“U-gwang already pulled bank loans full, and is using private loans not lightly. How can they prepare 15 billion here?”

“If coveting the company, they’ll issue bills even.”

“Who receives bills of as much as 15 billion?”

“That’s so. Surely U-gwang wouldn’t try to hang bills of as much as 15 billion without conscience?”

The surely is a law that catches people.

This gentleman hasn’t been burned by private loans?

“If coordinating conditions, the negotiation becomes sluggish, and will pass one year two years. President Shim sees that as not bad either?”

“Honestly speaking, yes. Because until now the management rights of Taeseong Chemicals are with our Taeseong.”

“There are more losses than gains. If dragging time like that, employee morale will drop, and will receive U-gwang’s interference in every matter.”

I shook my head.

“If handing over anyway, hand it over quickly. Instead, concentrate on the reacquisition negotiation.”

“Reacquisition negotiation··· you say?”

“We decided to snatch Taeseong Chemicals back. As promised, hand over once and have to reacquire. Is there another way?”

“Wait a bit, Young Master. Snatching Taeseong Chemicals back is not share acquisition but reacquisition?”

“I’ll ask again. Would U-gwang try to hand over shares to Taeseong, or try to receive the company?”

“Well, naturally······ would try to take the prime Taeseong Chemicals. Ah, that’s so. Originally snatching Taeseong Chemicals back with share acquisition was only my hope.”

If U-gwang comes out saying they’ll hand over shares, can quickly say ‘Thank you!’ and take them.

Because we have cash very generous thanks to the investment money torn from the underground finance world’s big shots.

But if Chairman Kim of U-gwang, he would desperately try to take Taeseong Chemicals even for face and retaliation.

Taeseong Chemicals is a company that grandfather put effort and grew for a long time so taking the company is also a remaining business even long-term.

‘Actually, the renegotiation card I was preparing was separate.’

But that method is too extreme and radical.

Thinking of postponing the method mainly used in the back alleys for a while.

Since I entered the Taeseong family, trying to process matters with a bit more chaebol-like, legal and common sense method.

“Does the Young Master see that U-gwang will accept the Taeseong Chemicals reacquisition negotiation?”

“Of course.”

That was the reason I requested President Shim of Taeseong Chemicals to obtain full authority regarding Taeseong Chemicals acquisition.

I took out a neatly well-folded paper from the coin wallet and handed it over.

“Instead of handing over what has to be handed over quickly, have to definitely attach special provisions in the M&A contract.”

“What is this?”

President Shim glanced at the rearview mirror.

“Surely not that an M&A contract comes out from that coin wallet too?”

“How put that thick document here? This is selecting the clauses that must be put in the special provisions.”

On the paper I handed over, only a few lines are written.

Make 1-month maturity, 3-month maturity, 6-month maturity, 1-year maturity bills each 25%.

If unable to fully pay the bills until maturity, substitute with handing over shares according to the bill ratio.

If abandoning bill payment and requesting Taeseong Chemicals reacquisition negotiation, follow the private loan market rules.

In the reacquisition negotiation, there is no share ratio adjustment. Only price negotiation is possible.

Until share organization ends, Taeseong holds the preferential negotiation rights.

Just in time, caught at a signal.

“Ha, this extraordinary vocabulary from the real······!”

President Shim who read down the special provisions flowed a hollow laugh.

“U-gwang will accompany the legal team and bite and hold. Because the reacquisition negotiation conditions are so advantageous to Taeseong.”

“How about saying handing over Taeseong Chemicals within 3 days instead of hanging these clauses?”

“Yes?”

If the reacquisition negotiation conditions are advantageous to Taeseong, make the acquisition negotiation conditions advantageous to U-gwang and enough.

Anyway, it’s a matter finished talking of handing over to U-gwang so no need to leave lingering.

“Because it seems I heard something wrong just now. Handing over within how many days?”

“3 days.”

“Th, three days? Three daaays?”

At the moment President Shim was about to shoot rapidly, the departure signal burst.

President Shim had to concentrate on driving with a groan sound.

“Anyway, grandfather also permitted the matter, they say. What’s the problem?”

“That itself is the problem! How hand over a 30 billion won company in 3 days! Is this a sound that makes sense commonly!”

The voice became large unfitting for President Shim.

“No time to even divert equipment and inventory to the back! The more urgent the acquisition preparation time, Taeseong only sees a lot of damage! For whose good!”

“If President Shim thought so, U-gwang will also recall the same thought?”

Being able to eat for free even the materials Taeseong left in 3 days, for U-gwang it would be an opportunity regrettable to miss.

“The special provisions are only leaving room for reacquisition negotiation with conditions that Taeseong largely yields, if making excuses, it’s fine.”

“Would U-gwang believe that? The person proceeding with that negotiation is none other than me! I’m Shim Won-cheol!”

“That’s why. Would U-gwang not know that Taeseong Chemicals was handed over for free and President Shim’s whereabouts floated? Say openly that it’s not my business, Taeseong or something go bankrupt.”

“Ugh······!”

Whether President Shim held the back of his neck or not.

“To finish all acquisition preparations within 3 days, I really die! I’ll suddenly die from overwork!”

“Have to live life easily. Just ignore. Belly open! Understood?”

“Cough······!”

“Let’s push all the annoying handover procedures or something to U-gwang.”

Would I not know that this is an unreasonable matter.

But there’s a reason I have to hand over Taeseong Chemicals quickly.

‘Taeseong Chemicals fire accident.’

Whether human error, safety accident, arson, natural disaster.

If can avoid, better to avoid, if can block, better to block.

But there’s no way to explain this?

‘Even if heaven helps and a fire accident doesn’t occur at Taeseong Chemicals, it’s good to hand over Taeseong Chemicals early. Binding U-gwang and pulling down to the swamp can be done with money too.’

How scary high interest is.

How dangerous bills are.

If using such things wrong, can’t avoid chain bankruptcy.

Already U-gwang is in a state of being placed at the end of the domino by wrongly entering the steel industry.

‘If Taeseong Chemicals shares amounting to 15 billion, sufficient to push over the end of the domino.’

President Shim quickly fixed his mind.

“Even just the remaining inventory and raw materials at the current factory, Taeseong has to see at least hundred million unit damage. If able to minimize that damage, it’s a matter worth putting effort into.”

“How long did I promise it would take until Taeseong Chemicals reacquisition?”

“······Two months.”

“A company that has to be handed over anyway, what do by President Shim rolling and wasting precious time for two months? Tell U-gwang to roll. Probably they’ll roll excitedly saying obtained hundred million unit or more profit?”

I grinned.

“Instead, I’ll take charge of the matter of calling U-gwang to the renegotiation table.”

“······!”

“So President Shim please only take charge of the acquisition negotiation and renegotiation. Simple, right?”

“Ha······!”

President Shim dropped his mouth open.

The complexion was reddish and bluish, and only the lips fluttered noisily.

But the more chewing the lips, strangely President Shim’s complexion became peaceful and eventually spat out a long hollow laugh.

“Ha, hehe, the eight-year-old Young Master taking charge of the matter of calling U-gwang to the renegotiation table···, hehehehe! If that becomes easy as said······ hehehe!”

When the second signal wait came.

President Shim buried his head in the handle and spat out the sound rising from deep in the belly.

“I’m the type who doesn’t hear the sound of being stupid anywhere, but if saying the feeling of becoming a shit idiot not enough with being toyed with by a ghost, will you understand?”

* * *

The car entered the industrial complex.

“President Shim, how did you decide on the Taeseong Chemicals employees’ whereabouts problem?”

“Ah, right, startled by the 3-day acquisition negotiation and forgot to report. Also finished talking about that problem with Young Master Seong-jun.”

Concentrated.

Because if father refuses, Taeseong Chemicals’ family members would have to sit on the streets.

“To speak the conclusion first, Young Master Seong-jun said he would also accept the Taeseong Chemicals laborers at Taeseong Construction.”

Good!

Only then does the heart feel a bit at ease.

“Just in time, Taeseong Construction also became short of construction laborers. A proposal that becomes win-win for each other.”

“Yes, Taeseong Chemicals employees are good because not becoming restructuring targets, and Taeseong Construction is good because able to fill the insufficient personnel.”

Father won not only the Subway Line 2 construction but also the Gangnam Seoul Express Bus Terminal road expansion and commercial building extension construction.

There, domestic construction works that the former Taeseong Construction executives neglected and piled up a lot, and have to complete the constructions ordered in the Middle East.

To the extent of being short of laborers to put into construction works.

At that time, Taeseong Chemicals people entering, for father it would be news like rain in a drought.

“Thinking of talking about this to the factory employees while going to the Taeseong Chemicals factory.”

Just in time, the car we rode arrived at the Taeseong Chemicals factory.

* * *

‘How can this be!’

Looking around the Taeseong Chemicals factory and was surprised.

“Even on the new year holiday, the factory is running hard?”

“Because the restart cost is quite large. So enduring idle running and turning moderately.”

The factory laborers also seem quite many.

“Holiday allowance is quite large. Giving bonuses and performance pay very generously to laborers who volunteer for overtime.”

Having to do factory work even on the new year holiday.

It wasn’t others’ work.

I also lived like that in the past.

For people who have nothing, holidays were also luxury.

[10 days]

Unlucky letters sparkling above the heads of the laborers working hard at the factory returning even holidays.

That was the underworld path countdown that the underworld messenger put up.

Such people seemed at least twenty.