A Returner’s Successful Investment Method - Chapter 596



Only Krnovel

Episode 596 Hwaan Group (5)

I met Seong Yuna and had lunch.

The menu is O’Connor Burger.

Seong Yuna took a bite and spoke with admiration.

“Even though it’s been a while since I ate it, it’s still delicious. “It’s so amazing how they can make hamburgers so delicious.”

“That’s right.”

After eating the O’Connor Burger, I couldn’t eat any other burgers.

What would have happened if I hadn’t invested and brought it to Korea quickly?

Just eating the O’Connor Burger made me feel like I was in New York.

For some reason, it feels like Central Park will unfold when you go out that door.

After eating the burger and drinking orange juice, California came to mind.

I guess everyone is doing well?

“Has anything interesting happened recently?”

“Hmm, this is fun… … .”

I thought about recent events.

We went to JiU’s filming set with Sena, looked around Hongdae, and even went to a karaoke room together… … I don’t think we need to talk about this.

“ah! “I recently went to my father’s company.”

“is it so? “How’s your father’s company doing these days?”

“It seems like things are going well. “We even sorted out the successor issue in advance.”

“how?”

I summarized the conversation I had with my father and Vice President Park Yong-jin.

“Mr. Miru decided not to inherit Byungjin Industries. “Aren’t you sad?”

“I’m not regretful. “My father seems a little disappointed.”

It seems that it is an instinct to want to pass the company on to one’s children.

There is a good reason why chaebols try to pass the group on to their children.

Seong Yuna clapped her hands as if she remembered something.

“ah! “You have a younger sister.”

“yes?”

“How about taking over Senna?”

I said with a straight face.

“Don’t say that, even as a joke.”

“Why?”

I realized this after teaching Sena Han how to study. In this world, there are kids you can teach and kids you can’t teach.

My parents, who expected things to get better as I grew up, later became relieved and just hoped that I would grow up healthy.

Fortunately, the wind worked and he grew up as a healthy child with 2.0 vision in both eyes and no cavities.

I hope that he will remain a healthy child in the future.

“Mr. Miru, don’t you plan to pass on Continue Capital to your children in the future?”

“Well, first of all, I’m thinking of retiring in a few years.”

Seong Yuna looked surprised.

“yes? “Why?”

“what… … .”

I can’t help but say that you have to run quickly before you run out.

“Then what about the company?”

“Wouldn’t Representative Lockhart take care of it?”

What will his annual salary be in 10 years?

$100 million? The next year it was $200 million, and the year after that it was $400 million again.

Considering what I’ve earned so far, I can give that much.

“Now that I think about it, I heard you met Minwoong oppa not long ago.”

“yes.”

“What do you think will happen to the succession issue of Hwaan Group?”

Perhaps because he is from the business world, he seems to have a general idea of ​​the situation.

I thought of Heo Min-woong.

“You will take care of it yourself.”

* * *

[(Breaking News) Hwaan Energy Daeho Shipbuilding Sale Exclusive Bidding!]

(strategy)

Korea Development Bank’s competitive bidding for the sale of Daeho Shipbuilding was in danger of being canceled once again.

However, just before the deadline, Hwaan Energy participated in the bidding and announced its intention to acquire it. As this is a sole bid with no other competitors, KDB plans to select Hwaan Energy as the preferred bidder and sign a provisional contract.

For reference, it is known that Hwaan Group reviewed the bid until the last minute, but gave up after much deliberation.

Therefore, many questions remain regarding the background to Hwaan Energy’s sole bid. It is not yet clear whether there was communication with the group during the bidding process or whether the decision was made independently.

(syncopation)

The sale will be carried out in a manner in which the Korea Development Bank sells 45 percent of the shares, leaving 8 percent, to Hwaan Energy, and at the same time, Hwaan Energy pays 1 trillion won in capital to Daeho Shipbuilding and Marine Engineering through a paid-in capital increase allotted to a third party.

In this case, Hwaan Energy will secure a total stake of 56 percent.

Continue Capital’s Korean branch will participate as a financial investor (FI) in the acquisition.

As soon as the management situation improves after the acquisition, Hwaan Energy plans to purchase the shares held at a pre-agreed amount.

* * *

Hwaan Energy employees who saw the article were surprised.

“Our company is taking over Daeho Shipbuilding?”

“Do you have that much money?”

“I heard that Continue Capital is participating in the investment.”

“Who decided?”

“Has this been discussed with the group?”

“If something goes wrong, it’s a big problem.”

Because it was such a large-scale acquisition, not only Hwaan Energy but also employees of other affiliates were shaken.

But, of course, it was the Huan Group executives who were most surprised.

Hwaan Group struggled with the bid for Daeho Shipbuilding until the last minute.

However, as the entire group was already investing in the renewable energy and hydrogen industry, further expansion seemed unreasonable and gave up.

But suddenly Hwaan Energy took over!

In short, it’s like rebelling against the group.

The fact that the group’s management did not know about this fact means that Heo Min-woong moved in secret using only his own line.

Heo Min-hong, who received the report, could not hide his embarrassment.

“What on earth is this kid thinking?”

* * *

Heo Min-woong placed his cell phone next to the phone in his office and waited for someone to contact him.

‘Which way do you want to come?’

It was the company phone that rang first.

He immediately picked up the receiver.

“This is Heo Min-woong.”

A deep voice came from beyond the receiver.

[Come right now.]

“Where should I go?”

[To headquarters.]

“yes.”

Heo Min-woong immediately got into the car and headed to Hwa-an headquarters in Jung-gu.

For some reason, the back of my neck felt stiff and my hands and feet felt numb.

Heo Min-woong called somewhere to relieve tension.

[hello.]

“I contacted my father and am on my way to headquarters now.”

[Are you nervous?]

“I think so. He’s a man with a bad temper. “As soon as you enter, you might start yelling and throwing things.”

[He often makes quick movements. I guess that personality was inherited from his father.]

“No, when did I make such a sudden move?”

[Can you do well?]

“You have to do well.”

From the moment I started working, I knew this would happen.

It’s a process you have to go through at least once anyway.

“You know that you are very grateful to me, right?”

Then the other person smiled and said.

[I know how to say things like that. It’s a lot different than before.]

“What was I like before?”

[well. I don’t remember much either. Anyway, you look better now, so have confidence.]

“okay.”

The phone was disconnected.

The phone call seemed to help and the tension eased a bit.

Heo Min-woong smiled and muttered.

“My younger brother trusts me so much, so I can’t show him being ugly.”

* * *

Heo Min-woong entered the chairman’s office.

“Did you call me?”

Chairman Heo Seong-hoon was sitting on the sofa.

As soon as I entered, I was very nervous that they would start swearing and throwing something, but surprisingly, they seemed calm.

“Sit down.”

Heo Min-woong sat facing his father.

Chairman Heo Seong-hoon spoke in a cold voice.

“You have a knack for surprising people.”

“I’m sorry for not telling you in advance.”

“It’s not that I couldn’t give it to you, it’s that I didn’t give it to you.”

Heo Min-woong did not deny those words.

“Do you know very well what you did?”

“yes. “I know it very well.”

There was silence for a while.

Chairman Heo Seong-hoon looked at his son.

The second child he knew was busy making excuses when he was called in after an accident.

But this time was a little different.

“Did you hear what he said?”

There is no need to ask who ‘that guy’ refers to here.

Heo Min-woong nodded.

“That’s right.”

“If that’s what he says, he’ll hand over the company too.”

“Continu Capital is also participating as a financial investor.”

“Those so-called investors just take their money and leave. However, a company must take responsibility from the moment of acquisition until the end.”

“I know.”

Chairman Heo Seong-hoon, who could no longer bear it, shouted.

“Someone who knows that does something like this!”

Everyone knows that if you take over Daeho Shipbuilding, you can immediately grow in size.

Nevertheless, there is a good reason why Hwaan Group and other conglomerates gave up on the acquisition.

After trying to control his anger, he looked at his son and spoke as if admonishing him.

“A snake can open its mouth and swallow its prey whole. However, if they swallow prey larger than their size, their stomachs may burst and they may die.”

Heo Min-woong looked at his father and asked.

“Who decided that Huan Group decided to give up on the acquisition?”

“I decided.”

“What about you? “Did you agree with that opinion?”

“okay.”

So, this incident is like rebelling against the decision of my father and older brother.

“It’s not too late. “Rescind the contract and step aside.”

Heo Min-woong also had a hard time looking through Daeho Joseon materials.

Why did other conglomerates give up on taking over Daeho Shipbuilding?

The reason is that the insolvency is large and the business conditions are bad.

So why did Han Mi-ru suggest the acquisition to him?

The reason is that there is a way to revive if Hwaan Energy takes over.

“no. “The contract will proceed as planned.”

Chairman Heo Seong-hoon clicked his tongue.

“The reason companies with losses of trillions of won have been able to avoid going bankrupt is because the government poured in taxes. Do you think Hwaan Energy can handle that alone?”

“yes. “I plan to win the order myself.”

“you? Do you think that would be as easy as it sounds?”

“You won’t know unless you try.”

Seeing that Chairman Heo Seong-hoon did not back down even after talking like this, he realized what Heo Min-woong was thinking.

“The intention is to keep the company in business by driving it into crisis.”

“What a crisis. This is a huge opportunity. “If Daeho Shipbuilding is revived, Hwaan Energy will take the lead in the future hydrogen economy.”

“If we fail, even Hwaan Energy could collapse. Even if a crisis arises, there will be no support from the group.”

“It doesn’t matter. Hwaan Energy will take care of the work.”

“You probably don’t know that Hwaan Energy’s majority shareholder is Hwaan.”

The holding company, Hwaan, has a 23 percent stake in Hwaan Energy. Therefore, if the group decides to move, it could push Heo Min-woong out of the CEO position. Heo Min-woong smiled bitterly inwardly.

“I know very well. “The two directors of Hwaan Energy appointed by the headquarters this time are my brother’s lineage.”

Key positions in the group, including Hwaan Energy, were filled with Heo Min-hong’s people.

Unless you’re an idiot, there’s no way you wouldn’t know what this means.

“I am the chairman of Huan Group. “We have no choice but to make decisions based on putting the group first.”

Denial is not a lie.

Otherwise, there is no reason to go to such lengths to pass the group on to your children.

But you can choose who you pass on what to.

“So, are you planning to give Hwaan Energy to your brother? “Why?”

Chairman Heo Seong-hoon said calmly.

“Because Minhong’s abilities are better than yours. “If it’s Minhong, she will be able to manage the group stably.”

Heo Min-woong did not deny those words.

“It doesn’t matter what my brother takes. But Hwaan Energy does not work.”

“Even though Hwaan Energy alone is more than half of the group?”

“yes.”