The Youngest Son of Sunyang

Chapter 46 The Hunt Begins 2

Chairman Jin held up a document in his hand and shook it.

"Is this an accurate figure? 2 trillion, 370 billion?"

The Hando Steel acquisition team gathered in the main office conference room, briefly exchanged glances and then nodded in agreement.

"Yes, it's certain."

When Vice Chairman Jin Yeong-gi responded as the representative, Chairman Jin double-checked the numbers before speaking again.

"If Hando Steel is valued at this amount, Daehyun Group will definitely bid with this figure. And since Daehyun Group already has expertise in steel, they'll undoubtedly score higher than us. So, how much should we write down?"

No one dared to speak casually. The bid amount is directly proportional to the Chairman's determination to acquire Hando Steel. It's known that his determination is strong, but it can't be quantified.

Even Chairman Jin himself finds it difficult to quantify. How should they respond?

However, due to Chairman Jin's gaze, there is someone who can't avoid giving an answer.

"Director Jin Yeong-jun, what do you think?"

"1 trillion, 800 billion."

When an answer came without hesitation, Chairman Jin seemed somewhat surprised.

"Why?"

"This amount is the maximum our Sunyang can present at the moment."

"But then, Daehyun will surely win, won't they?"

"We can't take on debt to acquire it. The value of Hando Steel and our financial strength are precise. We shouldn't engage in a money battle."

"But what else can we compete with in a public auction?"

"I suggest emphasizing that Sunyang is the company where the most synergy effects would occur if we were to acquire Hando Steel. Daehyun already owns a steel company, so their synergy effects are minimal." He spoke quite persuasively, and words come with responsibility.

"Then, to acquire it, let's create the synergy effects report Director Jin mentioned, and let's make them impressive. Give the evaluation committee something to be amazed by. We'll give you one week."

"...Yes."

It was an answer with a lack of confidence, but it wasn't a refusal. Once you're over thirty, it looks like you have to do your part.

The Chairman turned to look at someone else.

"Again? Is 1 trillion 800 billion all there is? No other opinions?"

"2 trillion 500 billion."

Hong Song-chul, the construction company president, tossed it out casually. As everyone's gaze turned toward him, Chairman Jin also showed curiosity.

"On what basis?"

"The bondholders see no difference between Daehyun and Sunyang. The government will accept it regardless of who takes it over. To ensure fairness and avoid any noise, I believe we'll have to offer an even higher amount."

Vice Chairman Jin Yeong-gi and Director Jin Yeong-jun's faces turned red.

The carefully prepared content was casually dismissed by President Hong.

"Where will you get the lacking money from?"

"We have an apartment site secured from Sunyang Construction. We can secure a loan of 700 billion won with that land as collateral."

They had crossed half of the risky bridge. Money preparation was possible, after all.

"But how will you repay the 700 billion loans? You can't build apartments on land where you've laid down loans."

"We'll handle that neatly in the construction process. Please rest assured, Chairman."

Chairman Jin's mouth curled up slightly.

It was the most desirable answer.

Address the immediate problem and skip the process. Even if there were illegal or unethical actions, the blame would fall solely on the person responsible, and the Chairman wouldn't be splashed with any mud.

There was no need to lie, as it was the truth.

Indeed, trustworthy.

"It seems President Hong secretly pocketed a substantial amount of money. Talking so confidently about 700 billion as if it's a piece of cake when it's not even your own dog's name. Hehe."

Except for these two, the conference room burst into laughter.

Vice Chairman Jin Yeong-gi couldn't bring himself to laugh.

Hong Song-chul, the president, once again confirmed that President Hong had no intention of siding with him.

"As expected, Daehyun is thinking about 2 trillion, 300 billion."

"Typical Daehyun. He's not one to play tricks. Chairman, are you..."

Chairman Jin and Director Lee Hak-jae were reviewing the letter of intent for the acquisition in the study.

"But Chairman, do you really intend to invest 2 trillion, 500 billion?"

"Why? Not willing?"

"The group's fund management will be quite shaken for a while."

"Don't be too scared. I have a plan."

Chairman Jin's relaxed attitude didn't brighten Lee Hak-jae's expression.

"Now, how does our Do-Jun feel? Is there really no other way besides money?"

I couldn't satisfy the expectation hidden in Grandpa's gaze as he looked at me. Who could reveal what was hidden in that sinister mind?

"Could you give me a hint? I'm really clueless."

Director Lee Hak-jae tried to convey what he wanted to say, and Grandpa smiled at both of us alternately.

"Selling a tree, I'd want to sell it to someone who will nurture it well, not to someone who will chop it down and use it as firewood. That's how people feel."

Both Lee Hak-jae and I widened our eyes.

"Chairman, do you think Daehyun will resell Hando Steel?"

"Who cares what Daehyun's Chairman thinks? We should just think about selling it to someone who will grow the trees. Right?"

"I see."

Only now did Lee Hak-jae understand Chairman Jin's plan. The reason for arranging a meeting with the evaluation committee and providing a meal was exactly this.

"Do-Jun, does this hint help?"

"Yes. If Daehyun acquires it, they'll build apartments on Hando Steel's land and sell it, then sell the ironworks facilities overseas. Hando Steel will disappear without a trace. But we, Sunyang, entering the steel industry for the first time, will do our best for Hando Steel's recovery. Isn't that it?"

"Exactly. I gave away too many hints."

Will this method actually work?

Daehyun also had formidable connections. Even if their goal was to resell, there would be plenty of people supporting them.