God of stocks chapter 405

Chapter 405 Uncovered Acquisition Negotiations (3)

After the story of the Korea Development Bank sitting at the table of Lehman’s acquisition negotiations, many stories have been poured out in the foreign and domestic media.

As expected, the media cheered for the acquisition of a world-class investment bank, and even experts expressed their voices expecting the vitalization of the Korean stock market and other investment markets with this opportunity.

According to the story that came out on Friday night in Korea time, the economic media continued to talk about Lehman during the weekend, raising the mood.

However, even with these stories, the atmosphere changed with the Sunday evening.

It was known that it had negotiated acquisitions with many countries, and that companies larger than the industrial banks in many countries had rejected Lehman.

The majority of European banks did not even show interest, and some companies, such as Nomura Securities on the Japanese side of Asia, have even been told that Lehman is splitting up and trying to acquire only the good ones. It looked like he was tilting his head at the idea of ​​the Korea Development Bank to buy it as a whole.

Only China and Korea showed interest, and even that, stories were told that China gave up and gave up, and stories of what the Industrial Bank was looking at and trying to acquire Lehman Brothers began to appear in the media.

And the story that Lee Sang-hoon’s SH Partners had uncovered began to come and go.

“Leeman’s current debt is $200 billion, is that certain?”

“I am not sure because I have not seen Lehman’s books. And I think there is an exaggeration. $200 billion isn’t a common conceivable amount. It’s about a year’s budget in a small country. However, even if this is an exaggeration, it will not be an exaggeration 100 times 1,000 times. If so, it is expected that the actual debt that has been removed from the exaggeration is not too high.”

Lee Sang-hoon and Kim Hee-yeol were looking at the screen together. Hee-yeol Kim put a cigarette in his mouth and said, laughing at the expert’s words on the screen.

“Rather, I can’t believe it even though the $200 billion isn’t all revealed. Because it exceeded the imaginable amount of common sense. Honestly, I wouldn’t have believed it if I hadn’t heard your story. 200 billion dollars. What makes this a number?”

“How’s the atmosphere going back?”

“Slightly, words begin to circulate among people. The atmosphere is worse than when we first talked about it, from people who have to take over to why we have to take over. If it opens on Monday like this, the story will definitely go to the worse side. It looks like the picture we want will flow?”

“Yes, then it’s done. We did enough. Now it’s going to be down in the real market on Monday. Now the proper evaluation will begin to come out.”

As Lee Sang-hoon looked at the situation where the atmosphere was gradually changing, he thought that maybe it was bad news for the Korea Development Bank that the story broke out on Friday.

Had it happened on weekdays and under the control of the Eo Young Boo-young government, they would have been able to cook the story in any way they wanted. However, at the end of the day, it seemed that the story was out of their control, as it broke out on the weekend, and negotiations over the weekend broke up and down the conversation.

Man is an animal of emotions, but through the medicine of time, he could change rationally.

The wrappers peeled off and the flesh began to appear after time cured the things that looked just as good as they were wrapped up in hope that they could eat a dinosaur named Lehman right away.

Now, at the beginning of the market, the wrapping paper was peeling off.

From Monday morning, the news of the weekend break began to pour.

“There is a growing skepticism about Lehman’s acquisition. People are starting to question the synergies of the Korea Development Bank’s acquisition of Lehman. And I started to have doubts about the size that the Korea Development Bank could eat.”

“How is the exchange rate going?”

“It has soared more than 10 won and is currently over 1,060 won. The currency market is concerned about the dollar going into the acquisition of Lehman. The dollar surge is expected to continue for the time being.”

“Can’t you see the intervention of the Bank of Korea?”

“No intervention is particularly noticeable.”

“How is the stock price going?”

“It has come down to the level of harmony, and has been fluctuating with 1,500 in front. There are still testing for 1,500.”

Even though the US surged on Friday, the Kospi was not showing up. After the Korea Development Bank took over Lehman, it appeared to be pressing the market because of concerns about the damage it will suffer.

“The Financial Research Institute has submitted a report stating that foreign currency liquidity should be prepared for deterioration. Even within the government, skepticism about the acquisition of Lehman appears to be more pronounced than it should be.”

“Isn’t this an issue where opinions were unified within the government?”

“It would have been impossible to achieve reunification. As I was in a hurry, blindfolded by obvious problems, I would have worked in a situation where only a few people I knew knew. As a result, stories will pop out here and there, just like now.”

“CEO. Should I tell you a little more?”

“no. Just let it go. We don’t have to pour oil here for nothing. I think it can be left naturally.”

The story that SH Partners shed over the weekend seems to be being talked a lot among people now. In this situation, it was Lee Sang-hoon who thought there was no need to add a story.

“Let’s watch a little more. Let’s take a step away and see how things work.”

The fact that Lehman’s vice-chairman was a Korean was reported, and as the story spread that the new KDB president was from Lehman, the mayor looked suspiciously at the acquisition process of KDB and Lehman.

People wrote their own scenarios to see if the KDB was purely in the acquisition negotiations after seeing Lehman’s value, and the content included a story that the parties would be confused with.

Some people said that there was a Korea Connect, but since the origin of the story was not domestic, but foreign, the government couldn’t do this or that, and it was just embarrassing.

It was true that Lehman’s acquisition negotiations were under way by the Korea Development Bank, which had remained silent throughout the weekend, whether this view was burdensome, but it is still only a principled approach, and it is not proceeding with specific negotiations.

It was an interview with the intention of eroding the market’s anxiety, but only the story that “acquisition negotiations are in progress” was highlighted, showing an effect that weighed down the market.

The index broke down 1,500 and went down. However, with the buying trend coming in every time 1,500 was broken, the market showed an intention to somehow keep the 1,500.

“The CEO of Lehman said that the sale was made on a condition of at least $40 per share. If Lehman’s stock price is moving around $12, and $40, is there any chance this will happen?”

There were talks that the Korea Development Bank was trying to take over Lehman, and details of the deal that had not been revealed so far were disclosed.

“The Lehmans are too greedy. You’re trying to sell 12 dollars for 40 dollars. Even if this tends to say higher prices to take the lead in acquisition negotiations, isn’t it too much for $40?”

“It seems that such a story is coming out because Korea Development Bank intends to take over. There is no reason to back down while looking at our hand.”

“Then, is our intention set? You want to take over?”

“It will. Since we started to take over, news like this would have come out and stories like this would have spread to the market.”

Lehman’s story has the effect of pouring cold water on the market. Lehman is so greedy that we start with the story of whether we have to match the beats and losses, and there are talks that the loss could be greater than the gains obtained from the acquisition of Lehman, which made the view of the acquisition skeptical.

This skeptical view came into effect in earnest in the United States after our chapter was over.

Many media outlets in the U.S. talked about the possibility that the Korea Development Bank could step out of the acquisition, and the index was pulled out more than it lifted the market the previous trading day.

In addition, the story of the loss of AIG, the world’s largest insurance company, exceeding expectations, re-emerged, and financial instability was heightened again by reports of increasing business suspensions and bankruptcies at local banks.

In this situation, the story of whether Korea Development Bank could take over Lehman came first in the United States.

The next day, the Korea Development Bank announced through an official spokesperson with the intention of dispelling these concerns.

“What are these crazy things?”

It was a brief announcement, but the impact on the market was considerable.

The story of [opening all possibilities, including the acquisition], was as if the Korea Development Bank expressed its official position that it would take over Lehman.

“The currency market is fluctuating. After yesterday, 10 won has risen and is trying to break through 1,090 won. I think this will break through up to 1,100 won.”

“I don’t think I can even get involved when I get up here. Over two days, it has been rising by over 20 won. It wasn’t long before I tried to drop the bomb at lunch and drop it below 1,000 won, but it has risen 100 won more than then.”

“The exchange market seems to be the first to move in the acquisition of Korea Development Bank.”

“WSJ quoted a Korean government official and said that it could pay for the acquisition through OTC transactions. Is this possible?”

“It will not be impossible. It would be enough if they offered to buy directly through the dollars accumulated in the treasury. But if that happens, there will be another loss… … . I don’t know what the hell these are thinking. Is there any reason to be so hung up on Insu Lehman?”

Now the media has turned to skepticism about the acquisition of Lehman.

No matter how much the government issued guidelines and controlled the media to change the atmosphere to a favorable view of the takeover, it could not win public opinion.

The direction of the market has already changed from positive to negative, and the media, which captured this atmosphere first, began to violate the government’s guidelines, deciding that it could no longer go against public opinion.

[Will it benefit Lehman’s takeover? Is it true?]

[Possible scenario after acquisition of Lehman]

[Is there any possibility that Lehman will become the second Woojung group?]

[Isn’t the liquidity supplied to Lehman a national tax?]

[Lehman rejected by the world’s leading bank. Why did we choose?]

[It is absurd that the acquisition of Lehman will transform Korea Development Bank into a global investment bank]

[The new governor of Korea Development Bank is from Lehman. Lehman’s vice chairman is Korean. Is it pure acquisition negotiations?]

[In the case of the Korea Development Bank’s acquisition of Lehman, a stock option that the new governor will receive is found, and it is’shocked’]

Gradually stimulating articles poured out.

Accordingly, through an interview with the WSJ, the head of the Korea Development Bank’s public relations team said, “Saneun is in the early stages of privatization, and the IB sector that meets global standards is weak, so we are going to reinforce the weakened areas with a long-term perspective.” I tried to reverse it.

However, such a story has become rather poisonous to the market.

“The talks that the Korea Development Bank is going to privatize are plunging related states. Construction owners related to the Korea Development Bank, as well as Woojung Shipbuilding and Marine Engineering, are falling down to -5%.”

“You should like this, right? Oh, but why does one part of my heart grumble like this.”

“So do i. I have a feeling of sorry, what should I do?”

Lee Sang-hoon was not shaken even though his mind was shaken as the employees saw the market confused. He kept checking the incoming information.

“Don’t be concerned, let’s go our way. How is Oh Sung Electronics going?”

“It is a -4% drop in Ohsung Electronics. The exchange rate is soaring and it is having a negative impact on IT stocks. The opinion that the market is unstable is dominant, and foreigners are selling more than 300 billion won.”

“If Ohsung Electronics collapses, we can just push it.”

Oh Sung Electronics, which contained the largest quantity, kept destroying me. Exporters, who were thought to perform well if the exchange rate rose, also showed a collapse with the market as investors invested in a market that had become unknown.

Moreover, Kiko’s problem was now spreading responsibility to large shipbuilders beyond small and medium-sized companies.

“Chosun stocks show a -3% decline in the industry average. Despite the fact that the Kiko contract was not signed, the news that shipbuilders signed the Kiko contract, and Ohsung Heavy Industries and other shipbuilders in the US are experiencing a joint decline.”

“I am not sure if this is due to the influence of the Ujung Shipbuilding and Marine Engineering or Kiko, but shipbuilders will collapse. In particular, some related stocks are entering the lower limit on the news that the BW (new stock underwriting rights bond) market issuance will fail in the aftermath of the financial crisis. The bond market is also losing its function.”

The market collapsed 1,500 and the exchange rate reached a high of 1,090 won, making it difficult to promise next.

News from the Korea Development Bank’s Lehman story that South Korea’s public opinion was worsening was spreading to the United States. The United States has turned back everything that Lehman had soared on news that he might be revived by the Republic of Korea.

Even though the last day of August is approaching, the exchange rate market has not started to stabilize.

The story that started with [Is there enough bullets to defend the exchange rate by foreign exchange authorities] was spreading to the same story as [Give me the dollar guide even after receiving export payments from shipbuilders who sold a lot of dollar futures].

Even shipbuilders, the industry that solves the dollar the most in Korea, showed that the dollar dried up in the market as they would be tied up in dollars if they did not release the dollar into the market and received payment.

“What is this? What is the content of the ‘runaway exchange rate’ article? The currency market is before the storm? Doesn’t the exchange rate usually drop at the end of the month?”

Kim Hee-yeol was rummaging through economic newspapers.

In the economic newspaper, the front page was decorated with stories of concern about the exchange rate.

He was talking about side effects due to the rapidly rising exchange rate as 1,100 won was already in front of him.

“Why did you raise interest rates like that? Isn’t it a serious problem if you’re doing this even after raising the interest rate? I don’t know what the people who make decisions about the regime’s policy right now are thinking about it. The policy is inconsistent.”

Hee-yeol Kim said, rummaging through the newspaper.

korean novel God of stocks chapter 405

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