God of stocks chapter 404
Chapter 404 Uncovered Acquisition Negotiation (2)
“Thank you. It’s great that you two are helping me. Then, when the announcement is made, we will tell you that we will release our hands immediately.”
“Because we are talking with CEO Lee, there is nothing to be hated by the government, but I think it is dangerous for MMK. Aren’t they the nobles who are going to fall for that in the current regime? There must be retaliation.”
Although he is facing a position in the same industry, Director Hong looked at Jo Young-jin and asked with a worried face for now. This is because the current regime has thoroughly punished the places that he hated them enough to say this.
“I intend to bear it. And I think it would be good if I gave them so much to erase Lehman from their minds.”
“If there are enough things to erase Lehman… … .”
Director Hong couldn’t take his curiosity and asked insistently. Because Jo Young-jin needed his help, he did not hide his thoughts and exposed them to Director Hong.
“We plan to make equity investments in subway lines that are scheduled to open next year.”
“If it is scheduled to open next year… … . Are you referring to the fact that the VIP’s relatives are known to hold a significant share under the second name? Are you taking over it? Would you like it? If you get known in the press, you will have a lot of measles.”
“What can I do? If you want to get out of the swamp, isn’t it that you can’t catch it just because the dung is on the rope? I’m going to take on the role of wiping poop. If that happens, wouldn’t this work be done well? And the media will stop them on their own. You know, isn’t the regime close to the media?”
“I do. They’re holding hands together, and they won’t try to wipe off their own shit. He is a wise idea. And if you dig into it, the relationship that was wrong with Lehman could be restored. You did a lot of research.”
“It became that way when I tried to live.”
When I tried to live in Lee Sang-hoon’s heart, it was said that it was like that. It felt that the swamp called Lehman was deep enough to say that the MMK of the world wanted to live.
The three unified their opinions and continued to share the story tonight.
That evening, Lee Sang-hoon postponed work and returned to the office. Then I waited for the news in the office.
When Lee Sang-hoon opened the office door, it was an office with nobody’s silence, but a little later came out one by one and the atmosphere changed from quiet to busy.
“Have you been in the office all the time?”
Hee-yeol Kim’s face was dyed red after receiving a phone call from Lee Sang-hoon while drinking. And it wasn’t just Kim Hee-yeol who had such a face. Most of the employees who ran to the office after receiving Lee Sang-hoon’s call were red and their eyes were half open.
Everyone seemed to be blowing up the stress that had accumulated until Friday.
“I’m taking a break ahead of the weekend and I’m sorry to call you like this. Still, it’s nice to see everyone’s faces like this. I will not forget the return for this hard work.”
“no. If the CEO called, I thought there was a reason, so I ran at once. In return, don’t you still pay enough money?”
“Hhhh. Yes. You’re getting too much money for what you do. I thought that I received a lot when I wore an Infinity sign, but now I am receiving it to the extent that people who went out envy it. Day by day, I am working with gratitude to the CEO, so don’t be bothered.”
The biggest remedy for forgetting fatigue was money. Lee Sang-hoon knew that, so he was paying enough money to avoid being told that he was stingy. And only then was it possible to call the staff and ask the staff on a special day like today.
Hee-yeol Kim took a cup of cold water and ate it in a cup, then sat down and said.
“There may be big things happening, but you cannot miss this rare process. You can drink alcohol tomorrow or the day after tomorrow, but you shouldn’t miss the event today.”
“Thank you for telling me so. Then I’ll briefly tell you what’s happening and we’ll decide what to do.”
Lee Sang-hoon began to explain in detail the progress of Lehman and Korea Development Bank, which he had heard so far.
The staff seemed to be drunk in the atmosphere that had continued from drinking until they first sat down, but their expressions began to harden as they listened to Lee Sang-hoon’s story one by one.
And at the end of the story that Lehman’s debt alone reached 200 billion dollars, everyone was forced to pull out cigarettes.
“Are you praying for my country to ruin? I’m not sane. Isn’t it that you won’t know that it’s only revealed? I know that it was a little less than 50 trillion when Woojung Group made the country sway with fraudulent accounting. What on earth would you do with 200 billion dollars?”
“I’m not interested in the damage Lehman’s debt will do to them. They are interested in calling their boats. That’s why I called you like this. I’m going to go beyond the level of justice and gain, and at least do what anyone can do if you use Korea as a nationality.”
“Please tell me what to do.”
The eyes of the staff at the seat were red and red with alcohol rising. The gaze from their bloodshot eyes looked more and more faint.
“It’s simple. We just need to spill Lehman’s exposed debt to traders with whom the messenger is acquainted.”
“Leeman’s debt? That’s already publicly available to the media, so if the media talks about taking over Lehman, isn’t it a story that comes with it?”
“no. It won’t. Regarding Lehman’s debt, the media will be writing an article with it cleared. If that would have erupted, the negotiations for the acquisition of Lehman wouldn’t have been going so far.”
“that… … . Is it possible?”
At Lee Sang-hoon’s words, the employees looked back at each other and made eye contact. The reason they did that was nothing else. This is because it is natural for the details of the acquiree to be revealed if a merger or acquisition occurs.
However, Lee Sang-hoon’s words were that only an article about taking over Lehman was omitted without detailed explanation. Until now, I have watched numerous acquisition negotiations from my side and heard about it through the media, but this was my first time encountering this situation.
“It won’t come out. It is said that the article has already been written and is only waiting for an announcement from the US, so we just need to disseminate the details on the market. There is no need to lie or exaggerate in the story. If you tell it exactly as it is, the subsequent stories will be processed for you.”
Employees felt strange at Lee Sang-hoon’s words, but first of all, they chose to watch the situation with the words they knew.
Tiring.
A text message flew to Lee Sang-hoon’s mobile phone waiting for the news about the Korea Development Bank’s acquisition of Lehman.
[Please also tell the story that the current KDB governor was from Lehman, and when the KDB takes over Lehman, huge stock options will be granted.]
It was a text from Jo Young-jin.
“Hah~. These son of a bitch. ”
Lee Sang-hoon sweared without knowing. The employee, who looked at Lee Sang-hoon next to him, noticed Lee Sang-hoon’s unusual curse.
Lee Sang-hoon saw the text and gave an order to an employee nearby.
“Please check who the current KDB governor is.”
It is highly likely that the governor of state-run banks such as the Korea Development Bank also changed due to the change of government. However, he did not care about the changed governor so far, so he did not care about the change of people and who was sitting there.
An employee who was directed by Lee Sang-hoon listed the profile of the new governor to Lee Sang-hoon.
“The name of the new governor is MinXX. he is… … .”
The employee, who was slowly listing his hometown, the school he came from, and what companies he went through, stopped talking and looked up at Lee Sang-hoon when he reached the end.
“Why do you do that?”
“CEO. It’s a little strange where the new KDB president was before he came to KDB.”
“You’re from Lehman Brothers, right?”
“Did you know? Yes. I am from the Seoul branch manager.”
Employees who were listening to the story heard that the governor of the Korea Development Bank was from the Seoul branch manager of Lehman Brothers, and started navigating here and there.
Lee Sang-hoon looked at them once and said.
“All right. We spread the story including that story. Don’t mention who the new governor is or what he or she does, you just need to mention that you were from Lehman Brothers, Seoul branch manager before being selected as the new governor. If you add a story for nothing, you may find the place where the story emerges and target it.”
Another employee who was listening to Lee Sang-hoon asked Lee Sang-hoon while checking the profile of the new governor.
“This is something suspicious. Isn’t it too suspicious? Rather than just adding a profile, it seems like it’s okay to squeeze out a story?”
“As we think it’s weird, everyone else thinks that way, so we don’t have to go.”
The text Lee Sang-hoon received from Cho Young-jin also included that if the Korea Development Bank took over Lehman, the new governor would receive a huge amount of stock options.
However, Lee Sang-hoon did not talk about it.
Adding that story could shake the market beyond words in destructive power. However, I didn’t want to do anything that made it a useless grudge because I was talking about it. I decided that it was only in charge of the kick-off of the game, but there was no need to show skill by dribbling with the ball for no reason.
If the deal was broken, it was clear that they would try to find the cause. We talked about it at the meeting place, but this regime wasn’t the place to go for such a thing. I didn’t want to be the target of their anger by making the story for nothing.
‘It’s enough just to be from Lehman Brothers’ Seoul branch manager.’
Lee Sang-hoon knew how much power suspicion was, so he decided not to add another story, thinking that that level of story was enough.
Time passed and the American market began.
The US stock market, which had been fluctuating in weak bonds due to mixed taxation, started to rise one step at a time as bank stocks began to rise.
And as 12 o’clock Korean time passed, Lehman Brothers stock prices began to fluctuate. Unlike other banking stocks, Lehman’s share price, which had been on a downtrend, began to turn rapidly.
“The rise of Lehman Brothers is getting bigger. I think the story will come out soon.”
“Let’s get ready. 30 minutes after the story comes out, we will work together.”
There was no story, but Lehman and other financial stocks in the United States began to rise sharply. Lehman, the protagonist, showed an increase of more than 10%, and City, which is directly experiencing the cold of the financial crisis, also showed an increase of more than 5%.
“It came out. It is news that Lehman is in negotiations with Korea’s Industrial Bank and China Citic Securities to sell 50% of its stake. Although there are price differences with China’s Citic Securities, the news that a considerable amount of agreement has been reached with the Korea Development Bank came out through FT, and it seems that a follow-up story is coming from the WSJ.”
“How about the media in Korea?”
“It’s late… … . no. Articles are coming out as if the Korean media also waited. Acquiring a world-class investment bank is showing a favorable attitude, saying that Korea Development Bank will always strengthen the IB sector, which is regarded as a weak part. As it is ranked in the fourth place in the world, there is an article that if the synergy combined with the Korea Development Bank is exhibited, it could become one of the three largest investment banks. It looks like I was waiting after writing the real news. There are even specific stories coming out that don’t seem to have been written in a short time.”
“You have prepared it. The article wouldn’t be able to come out so quickly… … .”
“What should I do?”
“Let’s solve it. Focus on Lehman’s uncovered debt size and KDB’s new governor profile, and don’t add a story. Adding useless stories can lead to misunderstandings. And on the premise that we also received the content, we must close the story with an ambiguous closing. Our opinions and convictions are absent.”
Lee Sang-hoon made the story spread through the staff and confirmed Dow’s movement.
The index, which was playing in the negative zone, showed a surge and was on the rise.
When Lehman, evaluated as the core of the current financial crisis, was taken over by the Korea Development Bank, the market was shaken by the story that the liquidity crisis pointed out as a problem might be resolved.
Lehman, who was ready to announce next month’s earnings, announced an additional write-off of $4 billion, even though it was not in the middle of an earnings release, and was in a bad state, trying to dilute the shock by first telling the market that it would lower its earnings outlook.
Lehman’s barn, which had been assured that it had sufficient liquidity, has now bottomed out, and some places have started to look at Lehman with a mixed view of concern that if liquidity is not satisfied sooner or later, it could lead to bankruptcy.
Lehman’s stock price has fallen to 1/30 level compared to last year, and as it continues, it has reached the point where it can sink or become a target for hostile M&A.
In such a situation, the news of the Korea Development Bank’s acquisition of Lehman was playing a role in lowering the cost to the market.
In addition, the story of the Korea Development Bank, which appeared as a takeover, is the state-owned bank of Korea spread. Even if the Korea Development Bank acquires Lehman, the Korean government could supply liquidity to Lehman, raising the market.
The Dow rose by more than 200 points at once, and Lehman showed a surge of close to 20%.
“When we’re done, let’s clean up and go. We’ve done enough, so let’s see what’s going on over the weekend.”
It was already entering the dawn hour, well past midnight. After a few hours, the time had passed so that the sun would rise, but Lee Sang-hoon did not feel tired.
This is because they knew that the moment the Korea Development Bank took over Lehman, the Korean economy itself would be in darkness.
korean novel God of stocks chapter 404
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