The Highest Level Son of a Chaebol Family - Chapter 384



Only Krnovel

384. Let’s make a lot of money

The Gulf chief negotiator was speechless.

The Gulf people shook him as he sat there blankly in a daze.

“Captain, what should we do about this?”

“Now is not the time to let your guard down.”

“We have to find a way out somehow.”

“That’s your specialty, Captain!”

The Gulf chief negotiator was shaken by his subordinates.

The more this happened, the more despair began to creep into the faces of the Gulf people.

“Is there really no way?”

“If we seek cooperation from the U.S. government and go around to banks in the U.S. and Japan to try to change their minds somehow.”

“Is that still not possible?”

The Gulf chief negotiator shut his eyes tightly.

After letting out a long sigh, the Gulf chief negotiator shook off the hands of his subordinates who were hanging on to him.

“Let go.”

The Gulf chief negotiator straightened his disheveled clothes.

It was a complicated face.

He looked very anxious as he licked his dry lips with his tongue and glanced at me and President Shim.

“So, the 50% stake in Yukong held by our Gulf company is… … .”

“Can’t you give me a discount of even a penny?”

“… … That’s possible. Isn’t the original price supposed to be different depending on the negotiation?”

This should have happened a long time ago.

The Gulf negotiator rubbed the back of his neck with an embarrassed expression.

“I’ll give you exactly half price. Five hundred million dollars!”

“Negotiations broke down.”

I jumped up from my seat and turned my back without any hesitation.

Just like the Gulf negotiator said earlier.

Of course, President Shim followed me with brisk steps, just like the Gulf people did… … He’s not coming?

“Your Majesty, just wait a minute! Even if you go, you must take the documents regarding Gulfsa’s shares with you!”

That’s right!

President Shim quickly swept the table clean and stuffed the Gulf shares proxy form into his briefcase.

I had a lot of stuff in my arms, including a typewriter and blank paper.

“Okay. Then let’s go, Young Master.”

“Wait a minute!”

The Gulf negotiating team leader grabbed President Shim’s arm and hung on.

“Gulf Sa has invested money in Yukong so far. It’s only 400 million dollars according to the market price!”

“What are you doing, Mr. Shim? Why aren’t you following me quickly?”

“Eww! 350 million dollars!”

Gulf men ran out and grabbed President Shim by the trouser legs.

President Shim was dragged away by dozens of hands while he was wondering, “What?”

While President Shim was being gently seated on the sofa, the Gulf negotiating team leader blocked the door.

“If we can’t sell Yugong at a fair price, we’ll be in a really difficult position.”

“I don’t think so yet?”

I farted.

“Can we show you at this shareholders’ meeting what a truly awkward position it is?”

“Gulf Sa’s general meeting will be held in the first week of May!”

“That’s a regular shareholders’ meeting.”

I poked my chest with my index finger.

“What if I call an extraordinary general meeting of shareholders right now?”

Is there a way?

does not exist.

In a company, the person who holds the most stock is king.

“You must know the power of a 50% stake in Yukong, since you experienced it firsthand. How much power would a 50% stake in Gulfsa have?”

“If Gulf states continue like this, the U.S. government will not sit idly by.”

“What if you don’t just sit by and do nothing? Did I illegally take over the company?”

The Gulf negotiator seemed speechless and opened his mouth like a goldfish.

“Right now, the United States is also taking out its sword to protect the market due to the oil shock from Iran.”

The Gulf negotiating team leader was flustered but did not back down.

“There is nothing they wouldn’t do to minimize losses seen in the market, save American companies, and prevent a recession. Just imagine if Gulf, the world’s ninth largest company by market cap, were to be taken over by a foreign company.”

The Gulf negotiator stood firm as if he had nowhere to retreat.

“If Gulf companies are going to be taken over by other countries anyway, they will try to feed them to American companies by extracting even the marrow.”

So his conclusion was this:

“Please, major shareholder, take a look at the situation. How about $300 million?”

“How much did I say I would pay for Yugong?”

“… …50 million dollars.”

“You were wrong. Didn’t you say that if you didn’t stamp the contract I gave you back then, I’d kick you out for half the price?”

I smiled and pointed to the floor.

The 18-page stock acquisition contract that President Shim had painstakingly drafted in 30 minutes was left lying on the floor like trash.

“It’s twenty-five million dollars.”

The Gulf chief negotiator repeatedly washed his face with soap.

“Two hundred and fifty million dollars!”

“Goodbye. Well, I’ll take my leave now.”

“Wait a minute!”

He fell to his knees.

Only then did our gazes become aligned.

“If you sell off Yukong for cheap, Gulf will be shaken. You know that!”

The nobleman who had been arrogant the whole time knelt down and began to explain his situation.

“If you tell me to cut it, I will cut it!”

Shouting out 1 billion dollars without fear even in front of the president.

He was a man who used to laugh at my father, saying that a child was the best person to get down on his knees and beg for mercy.

“Please save me!”

The man who had been like that came out completely discouraged and in a humble posture.

President Shim shook off the hands of the Gulf men and took the typewriter first.

“Get out of the way! Shouldn’t we have a contract in writing?”

“Oh, yes.”

The Gulf people nodded obediently and observed.

President Shim took out the health supplement and sucked on it, not hiding his displeasure.

“If I had screamed once, you would have caught me in the middle of nowhere.”

“… … I’m sorry. The situation was so urgent.”

“Gulf people have really crappy manners.”

Tata, tata, tata.

Mr. Shim started typing on the typewriter.

“Your Majesty, this time you must definitely get my seal.”

President Shim glanced at me.

“Let’s try to narrow it down to 10 chapters somehow. Give me 15 minutes.”

“I said one sheet would be enough. You just need to properly put in the six principles, right?”

I counted my fingers.

“Today, at this venue, Gulfstream is transferring its entire 50% stake in Yukong for $25 million, without any other conditions.”

“Oh my!”

Mr. Shim shook his head and increased the speed of his typewriter.

The rapid pace at which it was being pulled out showed no signs of stopping at just one page.

This guy is really picky.

“No! It’s not 25 million dollars, it’s 250 million… … Eight, 200 million dollars!”

You still haven’t come to your senses!

In some ways, it was even wondrous.

‘In my previous life, Gulf was the first to step forward and announce that it would sell all of Yukong’s shares for $100 million, so why is it making such a big fuss about not selling this time?’

So I asked.

“In the current situation, wouldn’t it be better to just get rid of Yukong, which is only piling up deficits, for a cheap price?”

“The development of Kuwait’s oil fields is in its final stages, but the funding has been cut off.”

The Gulf chief negotiator looked at me with earnest eyes.

“How much money have we invested there so far? We can’t just give up on an oil field that is producing a lot of oil just because we’re short on a few hundred million dollars in deposit.”

By the way, it was known that the oil field that was discovered in Kuwait, which Gulf was developing at the time, was enormous.

Kuwait is an oil-rich country, ranked among the top ten countries in the world in terms of oil production.

Kuwait had about 700 oil fields.

Among them, there were many oil fields jointly developed by Gulf companies and the Kuwaiti government.

“If we let go like this, Kuwait will swallow up all those oil fields. Maybe Rockefeller’s Seven Sisters will use their enormous financial resources and lobbyists to steal them.”

The Gulf negotiator bit his lips tightly.

“I believe that if you are the major shareholder of our Gulf company, you will clearly consider which side is more beneficial.”

The Gulf negotiator glanced at President Shim, who had quickly drawn up the stock acquisition contract.

“It is unlikely that they would suffocate Gulf, which has a market cap of $10 billion, just to take advantage of Yukong, which has a market cap of only $400 million.”

Oh, I see.

Suddenly I realized.

‘So you’re saying it’s worth living now?’

It was a year later that Gulf Saga raised both hands and surrendered in the previous life.

‘At this point, even if banks and investors get their money back, it doesn’t mean the oil-producing countries won’t get their money’s worth, and the US government won’t be branded a criminal.’

Wasn’t it Gulf Sa that was proudly showing off in front of the Korean president?

‘I wonder why American companies sided with the Soviets in the Soviet-Afghan War. So fearlessly.’

The era of the Cold War.

Just as Korea cried out against communism, the United States also became hostile to the Soviet Union.

‘The US government naturally considered this an outrage and put a tight seal on Gulf’s airway.’

As a result, the world’s ninth-largest oil company, which processed 1.3 million barrels of crude oil per day and had assets worth $6.5 billion, collapsed within a few years.

Could this be a catastrophe for public power?

‘If we just get out of the Soviet-Afghan war, there won’t be any problems with the US government, right?’

And that’s not all.

‘If I do this well, I can develop my Saudi oil fields in no time.’

I was already worried about how to develop Saudi Arabia’s oil fields.

Gulf Oil is a company that has grown to where it is today by developing oil fields throughout the Middle East.

As a powerhouse in the oil industry that has reigned for a long time, it is equipped with technology, connections, resources, and even various facilities and equipment.

‘And will it be possible to swallow up even the Kuwaiti oil fields, which are said to be nearing the final stages of development?’

Is it good?

But if there’s one thing that catches my eye… … .

‘The problem is the incompetent and greedy chairman and executives who currently control Gulf.’

A few years ago, when key executives, including the Gulf CEO, were cut out one after another.

The vacant chairman’s seat was taken by a scoundrel from the Mallon family with his stake.

Naturally, he filled the executive positions with his own people.

‘As long as the scoundrel from Malan is in the decision-making seat, Gulf cannot avoid a catastrophic ending.’

So I decided.

“I changed my mind.”

I looked back at President Shim.

“Let’s eat Gulf Sa instead of our Yukong.”

“yes?”

“I called Warren Buffer of Berkshire Hathaway about this.”

“Uh-huh-huh!”

No, why are you all looking so surprised?

Even if the people of Gulf understand, you shouldn’t be surprised, Mr. Shim!

The gentleman who has been running around so hard that his feet are about to burst, collecting Gulf shares… … is a smuggling king!

“Then shall we go?”

“Yes? What about the contract to acquire Yukong’s shares?”

“We can discuss the acquisition of Yukong again at Gulfsa’s extraordinary general meeting of shareholders.”

“Major shareholder!”

I raised one corner of my mouth as I looked at the Gulf chief negotiator screaming.

“Of course, the acquisition of Gulf Sa will take precedence over the acquisition of Yukong at Gulf Sa’s extraordinary general meeting of shareholders.”

“Now, just a moment, Major Shareholder!”

“If you hold a temporary general meeting of shareholders with a 50% stake, you have already explained the order in which things will proceed, right?”

Didn’t the Gulf negotiating team personally inform you of this with an arrogant face?

“We can call an extraordinary general meeting of shareholders, propose a motion to dismiss the CEO and executives, put our person in the CEO position, and list Gulf as a target for sale and acquisition.”

“Eww! No, no!”

What’s not possible?

“Friendly M&A is annoying, so should we just push ahead with hostile M&A procedures?”

If Berkshire Hathaway owns Gulf shares, even if it were to break free, Gulf would have no way of fighting back.

I took out the contract that President Shim was writing from the typewriter.

He laughed, waving the unfinished contract around.

“You were right. I guess we still have a long way to go before we can stamp the contract.”

“It’s not that far! I’ll write up a contract and stamp it right now! So please… … !”

“Nothing to do.”

I threw the contract over my shoulder.

Unlike the Gulf negotiator’s contract, which was torn and scattered like flower petals, the contract I threw down fell to the floor like unused trash.

The Gulf negotiator came running with a face full of anger.

“Then $150 million!”

“Let’s make some money.”

Bam!

I opened the door and went out.

My father, who was standing in front of the door, looked surprised.