A Returner’s Successful Investment Method - Chapter 597



Only Krnovel

Episode 597 Hwaan Group (6)

Chairman Heo Seong-hoon said with a sigh.

“I know you’ve worked hard so far. “I’ve been working hard lately.”

“Then please keep watching. “I won’t let you down.”

“That guy gave you some unnecessary bullshit.”

Heo Min-woong thought of Han Mi-ru.

‘It’s a vain wind… … .’

It’s not wrong.

If I hadn’t met Han Miru, I wouldn’t have had this dream.

“If it weren’t for that false wish, Hwaan Energy wouldn’t have grown like this.”

Seeing his son talking back to him rudely, Chairman Heo Seong-hoon shouted at him again.

“How long are you going to obey that guy!? Do you think he’ll continue to help you whenever something happens? What guarantee does he have that he won’t betray?”

Heo Min-woong also raised his voice.

“Everything is my choice! “I listened to Miru because I thought it was right!”

“Aren’t you already past the age of rebelling against your parents!?”

“It’s not rebellion. “This is my choice as the president of Hwaan Energy!”

“This guy is real!”

Chairman Heo Seong-hoon glared at his son as if he was going to eat him, and Heo Min-woong did not avoid his gaze.

Chairman Heo Seong-hoon, who had shouted for the first time in a long time, asked in a hoarse voice as if he were tired.

“Even though if I fail, I won’t have anything?”

Heo Min-woong nodded.

“yes. I will take responsibility for the consequences of my choices. “Didn’t your father teach you to do that?”

* * *

After finishing what he had to say, Heo Min-woong left.

Chairman Heo Seong-hoon sank down on the sofa and was lost in thought.

The two sons’ personalities were very different.

The first one was smart and listened well. She was sincere in everything and followed her parents’ wishes. And he steadily received management training.

On the other hand, the second child was a troublemaker.

Unlike his older brother, he did not listen to his parents and got into all sorts of accidents.

He loved both his sons.

In any case, one successor is enough.

The other person is free to live as he or she wants.

There wouldn’t have been a problem if I had just continued to live like that.

But one day, I suddenly came to my senses.

“I thought it was a bastard… … .”

Heo Min-woong has been yelled at more than once whenever he has an accident. Every time, his son lowered his tail and lowered his head.

However, this time, instead of avoiding eye contact, I faced him confidently.

Although the sight was disgusting, I felt somehow proud of it.

Looking at Heo Min-woong’s actions today, I suddenly remembered myself when I was young.

Although his body is now old and his strength has diminished, he was more ambitious than anyone else in his youth.

When I was young, I lived without much thought and got into all sorts of accidents.

It was like that that day too.

As usual, I was drinking and hanging out with my friends until late at night.

At the height of his excitement, he received a phone call from his mother.

It was said that my father passed away suddenly.

The cause of death was myocardial infarction.

From that moment on, he became the head of the family and the chairman of the group.

Since no one expected that the founder would suddenly die, he had to manage the group without being prepared.

I learned everything one by one.

It was common to listen and learn in the morning and then give instructions in the evening.

In order not to be outdone by executives and competitors who were older and more experienced than him, he would deliberately make his appearance look older.

I shaved my head, wore glasses, wore a suit, and went around with a really frowny face for no reason.

At that time, I wore a frown so much that even now, thick wrinkles are visible all over my face.

In this way, he led Hwaan Group for decades.

Somehow I felt nostalgic for those days.

Looking at your children and reminiscing about your younger days.

Chairman Heo Seong-hoon muttered as if he was sighing.

“I’m old now too.”

* * *

[Hwaan Energy solely acquires Daeho Shipbuilding!]

[Hwaan Group has no plans to support acquisition]

[Experts worry about the winner’s curse… … .]

[Shareholders strongly protest against President Heo Min-woong’s arbitrary decision!]

The prevailing opinion was that it was an unreasonable acquisition.

Some media also mentioned the incident of Geumo Group, which took over Daeho Construction and the entire group was dismantled.

After news of the acquisition came out, Daeho Construction’s stock price did not change much, but Hwaan Energy’s stock price fell 13 percent in one day.

The sports bulletin board was full of insults about Heo Min-woong.

-Hey, you crazy guy!

-Why are you taking over the group when they say they won’t take it over?

-I am a crazy person who believed in Heo Min-woong and invested all my assets in Hwaan Energy ㅜㅜ

-내 주식 물어내, 이 개새끼야 ㅜㅜ

-Who on earth entrusted management to this idiot?

-I just decided to ruin it!

-No, why are you taking over that?

-Some say it is due to management rights issues. It is said that he intentionally put the company in crisis for fear of being taken over by Hwaan Energy.

-Is this a full-fledged successor competition?

-ㅅㅂ Whether they fight among themselves or not, what is the shareholder’s fault?

-LOL This is why you shouldn’t trust Korean conglomerates.

-Daeho Shipbuilding and Marine Engineering had a deficit in trillions last year. Can Hwaan Energy handle that alone?

-The group doesn’t even support us, so it looks like we’ll all be ruined sooner or later.

-no way. If a situation arises, I will support you. However, Heo Min-woong will be kicked out.

-We need to hold a shareholders meeting immediately and fire him!

-Let’s go to the shareholders meeting!

As the acquisition of Daeho Construction began in earnest, concerns and criticism from shareholders poured into Hwaan Energy.

Instead of hiding behind the scenes, Heo Min-woong came to the forefront and led the acquisition process. He argued for the need for the acquisition in media interviews and emails to employees.

“Considering the synergy that will arise from the acquisition of Daeho Shipbuilding, this acquisition is absolutely necessary. Hwaan Energy is a company that focuses on hydrogen energy and wind power generation. We have secured source technology for all stages from production to power generation by producing green hydrogen using renewable energy, converting ammonia for transportation, and securing hydrogen power generation to generate electricity. Therefore, the merger of Daeho Shipbuilding and Marine Engineering, which has the best technology in hydrogen carriers, propulsion ships, and offshore wind power installation ships, will result in a stable transportation network and strong price competitiveness.”

He also went down to Geoje in person, toured the shipyard, and gathered executives and employees to encourage them.

“From now on, Daeho Shipbuilding will be reborn as Hwaan Ocean. Hwaan Energy and Hwaan Ocean will work as one family to create an eco-friendly hydrogen energy infrastructure. I will give my all to revive Hwaan Ocean. There will never be any restructuring or business sale that you worry about. We ask everyone to work together to normalize business.”

* * *

Senior Dongho said while looking at the posts posted on the sports bulletin board.

“As expected, public opinion is not good.”

“Well, even if I were a shareholder, I would have cursed.”

When stock prices plummet, Allen Everhart is bound to get criticized.

In fact, when Tisla’s stock price plummeted at the time of Twitter’s acquisition, Tisla shareholders around the world poured out insults.

Well, this is also because I was caught secretly selling stocks.

Anyway, I can’t forgive the person who drops my stock, whoever he is!

What is surprising is Heo Min-woong’s actions.

He continued to tour the scene and did not avoid media exposure.

I never thought I would choose to attack you head on.

It’s quite risky.

If he fails, he will take full responsibility.

I smiled while watching the news.

“It’s pretty good.”

Still, this sincerity seems to have had an effect, and Hwaan Energy’s stock price stopped plummeting.

“Is synergy really okay?”

“sure.”

In fact, in the first round, Hwaan Group eventually took over.

The timing is just a little different.

“I can’t afford to lose money.”

Continue Capital participated as a financial investor and invested a whopping 1.6 trillion won.

The stake is sold to Hwaan Energy for a set amount within 5 years, but since it is not a putback option, Hwaan Energy is not obligated to buy it back.

Therefore, if the stock price falls, you will suffer a loss.

“No need to worry.”

“After spending money, I started to worry. I heard last year’s deficit was 1.8 trillion won? “I’ve been running at a loss for three years and haven’t earned anything in 10 years.”

“So that’s good.”

“huh?”

“If the valley is deep, the mountain is high.”

The shipbuilding and shipping industries tend to have large economic cycles.

When things are going well, there is a lot of chaos because there are no ships, but when times are not going well, there are so many ships with nowhere to go, so they just float on the sea.

There are cases where the ship owner refuses to take over even after the ship is fully built.

When there is a boom, it seems like the boom will last forever, and during a recession, it seems like the recession will last forever, but there is one fact that has not changed.

The point is that the economy is cyclical.

“so?”

“Now the boom is starting. “I read the data and it says that the lifespan of a ship is usually 20 to 30 years, and that the ships ordered during the oil shock were replaced once in the early 2000s, so the time for replacement is slowly approaching.”

“Analysts always write good things. Nowadays, many Chinese companies that did not exist 30 years ago have emerged. “Competition is so fierce that it’s not a loss even if we build boats now, right?”

This may be due to Daeho Shipbuilding’s poor sales practices, but the characteristics of the shipbuilding industry also had a strong effect.

Due to the nature of the shipbuilding industry, significant fixed costs are incurred even when the shipyard is not in operation. Therefore, it is better to build a ship even if it means losing money than to make fun of the dock and staff.

They have no choice but to take low-price orders to cover even fixed costs.

“The construction of the ship that was ordered at such a low price is now almost complete. “If we receive a new order, we should get the right price.”

“how?”

“We should focus on high value-added vessels such as LNG carriers. When it comes to container ships or oil tankers, they are no match for Korean shipbuilders in these fields. “If environmental regulations become stronger in the future, it will not be easy to comply with them.”

The climate crisis is a serious threat.

Therefore, the world is moving towards eco-friendliness.

Internationally, regulations on environmental pollution have been strengthened, and companies have tried to reduce carbon emissions as much as possible, buy and sell carbon credits, and somehow meet their targets.

These regulations also include ships.

In fact, ships are the main culprit of marine pollution.

For this reason, environmental regulations are becoming increasingly stricter here as well.

I remembered the first time.

At that time, there was an important event in which ship environmental regulations were strengthened.

But that won’t happen this time… … .

“I just have to hold out for the next two years. From then on, we will avoid deficit and return to surplus.”

Everyone knows that after a recession comes a boom.

The important thing is when.

If I hadn’t regressed, I wouldn’t have been able to say this with such certainty.

Senior Dongho nodded.

“Let’s say Daeho Shipbuilding is revived like that. But will President Heo Min-woong be able to keep his position until then?”

“well.”

Maybe it’s not true right now.

I guess I should help you too, right?