The Youngest Son of Sunyang

Chapter 79 A Gloomy New Year for Someone 2

Chapter 79 A Gloomy New Year for Someone 2

At first, the expressions on the faces of the bondholders showed that they didn't understand what Oh Se-hyun was saying.

"What are you doing? I told you to make the call quickly."

When urged again, the bondholder executives took out their mobile phones.

The statement about breaking off negotiations meant a willingness to renegotiate, and the new negotiation would reduce the acquisition amount enough that it required the approval of the bank president, who was the head of the bondholders.

Oh Se-hyun and I leisurely sipped our tea as the executives finished their calls.

With desperate voices, one by one, the executives ended their calls and gathered in a corner of the meeting room. They exchanged what their superiors had said and were trying to reach a conclusion.

"Could you please tell us the conditions for full payment of the acquisition amount by tomorrow, 30th, at 4 PM?"

The three executives conveyed the unanimous opinion of the bank presidents.

"An acquisition amount of 800 billion. Based on an exchange rate of 2,000 won, it's 400 million dollars. If you accept, we'll deposit 400 million dollars into the designated account today. And then, we can sign the new agreement tomorrow."

I spoke without waiting, as if I had been waiting.

"If there's no contact by this afternoon, Miracle will announce tomorrow morning that they are giving up on the acquisition of A-jin Group due to the economic crisis."

As I finished speaking, Oh Se-hyun quickly added a warning.

"Now you'll be busy, so we'll be leaving. We'll await a positive response."

The expressions of the bondholders distorted so much that it was clear they thought these conditions were outrageous.

We left the conference room before they even had a chance to respond.

"Are you sure about this? The exchange rate has already hit 2,000 won, so even if they accept, demanding a 40% reduction is quite audacious."

"Isn't this already settled? Why are you doubting it again?"

"Seeing their expressions made my heart race."

Before meeting with the bondholders, Oh Se-hyun and I had clashed heavily over the adjustment of the acquisition amount, but I couldn't overcome my stubbornness. Yet, looking at their reactions now, I couldn't help but wonder if I had made a mistake.

The number 800 billion wasn't chosen arbitrarily. It was the same amount as when Daehyun Motors acquired A-jin Group in the past. Daehyun Group, which had been selected as the initial negotiation partner, had managed to reduce 1.2 trillion to 800 billion over the course of two years of negotiations.

The company's value hasn't actually decreased; it's the situation in Korea that has made it so.

I was also anxious.

But I believed that the current situation was better than two years from now.

Aren't the people who can do anything to protect themselves the ones standing at the top?

The bank presidents would desperately want 400 million dollars to preserve their positions.

And if my proposal could help their decision, my anxiety would completely disappear.

Oh Se-hyun returned to Yeouido, and I rushed to my grandfather's house.

"Look at this guy! He might as well have a knife, practically like a robber. 800 billion won."

"There are no robbers negotiating."

"To cornered rats, a choice is forced upon them, which is a knife, my boy. Hehe."

My grandfather burst into laughter happily.

It seems he liked that I brought out a new card at the right moment.

"It was a good idea not to give them time to think. Even a cornered rat will find a way out if you give it time."

"If the sun rises, it's no use."

I said cautiously to my nodding grandfather.

"I have a favor to ask."

"You want me to drive in the wedge, don't you?"

"...Yes."

One thing he doesn't lack is quick intuition.

"What kind of wedge are you asking for?"

"Please prepare a position for interrogating Sunyang Group. I'll cover all the costs."

"You learn bad things quickly. Hehe."

Everyone learned from you. You taught your son, and your son taught me. I just picked it up by your side.

Instead of saying this, I replied with a bitter smile.

"How much do you plan to give?"

"How many main bond banks were there?"

"Three."

"That's 6 billion won. You're quite generous."

"Sunyang's reputation is on the line. We can't afford to lose their goodwill."

"It's quite a lot, enough to make a splash, but thanks to you, I'll make a little scene. Haha."

My grandfather smiled and handed me a piece of paper.

"Take a look at this."

The paper contained a financial industry restructuring plan with a list of banks targeted for sale and merger.

The first two banks that caught my eye were the A-jin Group creditors, and they were listed as sale targets.

"I was thinking about how to use this, and it's for our Do-Jun."

At this point, the fact that the financial industry restructuring plan had come out meant that the incoming government's acquisition team had taken the lead.

The composition of the acquisition team had been announced only a few days ago, and their activities were already on my grandfather's desk. It was a significant moment to see how deeply the Sunyang Group's influence extended.

"By any chance, did the banks get their hands on this list?"

"If it's common information like this, they wouldn't even bother reporting it to me. They might know about the Daehyun Group, at best."

"This could be really effective."

"It means luck is on your side. Once they realize you're out of work, they might come running to thank you and bow down. Who knows?"

The position of Sunyang Group's consultant had become a lifeline, not just a proposal.

Too bad. If I had known this information a little earlier, I could have driven a harder bargain.

"Do-Jun."

"Yes."

"Sunyang is also planning to announce a major restructuring plan early next year."