Chapter 27
CHAPTER 27
Li Chun-xing returned after finishing interview of about two hours. As only two remained Kang Myeong-gu asked with anxious face.
"Is it okay? That side expressing concern like this."
Reason Li Chun-xing came was one.
Although expressed indirectly, in short, was saying don't do that business. Kang Myeong-gu also understood that and was anxious. Gang-hyeon calmed such Kang Myeong-gu.
"It is okay. Even if called 2nd largest shareholder, since KH Recovery holds 66 percent shares, there is not much they can do."
2nd largest shareholder is dangerous when shares are dispersed, but now was different. Nevertheless, coming meant showing action.
Since they hold shares of this degree, don't forget. Appealing something like this?
It was appropriate action. But didn't like it.
Jeonse fraud also happened because of those guys eventually.
It was those guys, Dongfang Partners, who made buy villa complex land. They leaked information about land to Representative Oh while buying shares and made him buy. After project overturned, pressured Representative Oh in way asking how about promoting other business. It was method private equity fund without control right commonly does. Representative Oh unable to overcome that pressure made choice called Jeonse fraud and eventually mother received part of that damage. So liked guys even less.
Above all more blue light, that person's downtrend returns to me as benefit.
Indeed what kind of thing is happening? Needed to look into more detail when returning.
"By the way, Representative Kang. How is company becoming?"
"Ah! Since came listen to story and go. Currently key members of existing JS Construction are gathering again. Since guys worked in other sites too work will be excellent. And..."
Listened to story of Kang Myeong-gu showing livelier appearance than when met first and drew blueprint of KH Construction.
Gang-hyeon returning to office called Gwang-ho and Kim Seong-won to meeting room.
"Dongfang Partners, is there anything you know?"
"If Dongfang Partners, isn't it Chinese side private equity fund?"
Answer came out from Kim Seong-won's mouth. As gaze focused he continued answer.
"It is company I put in candidate group when preparing for internship. At that time Dongfang Partners just entered industry so entering condition wasn't tricky."
"Seeing you say put in candidate group, didn't enter?"
"Yes. There were too many things to keep from secrecy clause in contract. Especially point having to use smartphone company provided was uncomfortable so gave up."
Having many secrecy clauses for security was common in investment companies. But having to use even smartphone company provided wasn't common thing.
"Story heard when working at other company after giving up entering there. Rumor is very not good."
"What kind of story?"
"Among my batch mates there was friend graduated from Peking University and did internship life in China. That friend said evaluation of Dongfang Partners is bad even within China. One of reasons is..."
Two people's gaze fixed on Seong-won.
"Says doing gray zone transaction a lot."
Gray zone. Meant boundary of legal and illegal.
"Means trading taking considerable risk."
"Yes. So evaluated as one of private equity funds grew fast even within China. Korea branch also does aggressive trading receiving influence of such head office."
Rough picture drawn. Fact they pressured President Oh of JS Construction was originally company tendency was like that. Man is animal of adaptation, if exposed to such environment either run away or adapt. People remaining in Dongfang Partners currently could be called those adapted and adjusted to environment.
"If company of such tendency would be quite headache? Meaning might attack KH Construction from outside."
Gwang-ho's evaluation was accurate. Since share is only 34 percent way to attack from inside is distant. But wasn't company to stay idle.
Have to find way. Above all man called Li Chun-xing, blue light shone quite strongly. Thing might happen soon.
Light only showed price of stock or how person will become in future. Catching that timing accurately was work Gang-hyeon himself had to do.
"Two people please mobilize connections and gather information about Dongfang Partners Korea. Where they trade, what product main recently. Everything."
"Understood."
"And good if can gather information about man called Li Chun-xing of Dongfang Partners Korea too."
"Li Chun-xing? Doesn't seem Korean."
"Seems Chinese. Seeing came to KH Construction directly today might be key figure."
"Yes, then will try gathering related information."
If know enemy and know self, hundred battles hundred wins. Had to know about opponent exactly first.
Gang-hyeon asked one favor through Manager Jeong Min-jun.
"That is fortunate. Worried if there is part getting caught as 2nd shareholder side hits and comes in suddenly."
"Yes, correct. Is there anything you know perhaps?"
"Thank you. Ask for favor."
Dongfang Partners Korea was considerably secret company.
Most investment companies show movement somehow if placing branch in country. This place doesn't show particular movement after doing share investment in JS Construction.
Setting up branch and investing meant there is work to do there. Nevertheless showing only this degree movement felt strange.
Clear there is something.
But difficult to find answer immediately. In case of foreign investment company doesn't reveal well to outside. Since manpower also small place words circulating outside also few. It was when few days passed without particular income like that.
"Time became like this already."
Before knew leave work time passed. Seeing outside quiet employees seemed left work already. Gang-hyeon also packed things to leave work and went out. As expected other employees all left work, but there was person keeping office alone.
"Didn't go yet?"
"Uh, doing something."
Was Gwang-ho. Sitting in seat staring at monitor, at his appearance answering Gang-hyeon smirked and approached.
"Doesn't A-yeon get angry if going in late?"
"A-yeon is in Santorini with mother-in-law now."
"Santorini?"
"Yeah, told to travel a bit with bonus received this time. Scheduled cruise full course and sent."
Cruise trip. Seemed not bad.
"By the way, look at this."
"Hm? What?"
Looking at screen Gwang-ho pointing familiar program entered eyes.
"Auto trading program?"
"Yeah. Was doing backtesting to gather some data while updating this time."
Backtesting meant testing whether one's strategy actually works in market. Since testing in current market with real asset can lead to big loss mostly bring past data and proceed test.
"But discovered peculiar pattern."
"Pattern?"
"Yeah, this is BANKNIFTY trading in India right?"
India was one of countries financial market grew rapidly during Corona period. Population itself many and as pandemic called Corona occurred they looked for something can do at home. What found in process was exactly stock.
"Why this?"
"Didn't know strange thing much at first."
As Im Gwang-ho pressed button three charts displayed. Gang-hyeon seeing that could know what that chart displays at once.
"Options?"
"Yeah, all options linked with Bank Nifty. That too super short-term guys not long-term."
Pressing button again four charts overlapped. Charts moving differently usually, but showing same movement at specific point appeared.
"What is this? Why all move together?"
"Don't know that yet. Think have to look into more, but one thing is certain."
Gwang-ho leaned body on chair.
"That some institution caught India as sucker again."
Institution targeting specific country was common thing.
"Someone earning money utilizing India index with specific source?"
"Well, if not that this movement doesn't make sense. If knowing what that source is could know who guys playing this prank are."
Emerging countries like India always become target of foreigners. Even Korea, market was designed with structure advantageous to foreign institutions to extent saying foreigners' playground. Just not playing to that prank was best method.
"By the way isn't that driven as illegal if wrong?"
"If caught so. But so subtle wouldn't be easy to catch? Me catching this is also coincidence. If I was in original company catching is impossible."
Gwang-ho was continuing research and development freely after coming to KH Capital. Since can concentrate own time solely on it was creating really various results. This information just caught in product came out in that process.
"Above all can't know if one institution did such or whole did such. If one place did such might be caught in market disturbance act, but if majority such well no method."
"Guys like Dongfang."
"Are such guys one or two places? Method institution guys use if bored."
Transaction in gray zone is one of methods institutions use commonly. Transaction going between illegal and legal. Obtaining income there and in process individual investors suffered damage too.
At that time Gang-hyeon's phone rang. Looking at screen call from unknown number. Since no place to contact at this time pressed call button with wondering mind.
"Hello."
Call came from Dongfang Partners Korea.
At Li Chun-xing's meeting request Gang-hyeon arrived at hotel lounge. Li Chun-xing met there showed good person smile.
"Thank you for coming out even at late time."
"Because you said words had no choice but to come out."
"Haha, sit. Would you like a drink?"
He asked lifting Maotai liquor he was drinking.
"It's okay."
"Precious liquor. Refusing, regretful."
Saying so poured liquor in his glass and drank at once.
"Kuh!"
Gang-hyeon watching him enjoying liquor taste spoke.
"Let's enter main point immediately. Hand over share?"
"Precisely price negotiation. Wouldn't CEO also be uncomfortable if we hold share?"
Correct words. If share divided and 2nd shareholder side takes opposing stance possibility not selected as developer from local government side increases. Opponent also knowing that part came in negotiation.
"Good. Say desired price."
Li Chun-xing smiled and held out one sheet of document.
[Holdings : 22,100,000 shares]
[Value per share : 10,000 won]
[Total Value : 221,000,000,000 won]
Price they suggested was nonsense. Actually blue light was appearing in that price. As if telling accepting this price is loss to self.
Gang-hyeon put down document immediately and spoke.
"Condition absolutely cannot accept."
At negotiation breakdown declaration Li Chun-xing made relaxed expression and poured Maotai liquor in glass and brought to mouth again.
"Won't regret? This price won't come out again in next negotiation."
Li Chun-xing spitting words full of confidence. But Gang-hyeon didn't shake at his words.
Blue light became stronger than before. Means time to suffer loss is approaching.
Just like Jeong Sang-woo who was building owner of Seongsu-dong was.
(End of Chapter)
— Translated by Prime Works —