Chapter 833: Stock Split (3) – Part 2
On the way out of the funeral after saying bye to CEO Park and the secretary-general, Gun-Ho ran into his friend from high school— Byeong-Chul Hwang. It was an unexpected encounter.
“Huh? Byeong-Chul Hwang? What are you doing here?”
“Oh, Gun-Ho. The company that I’m working for is doing business with Egnopak. So, I came here on behalf of our chief research officer. He couldn’t make it since he is on a business trip right now.”
“Hmm, I see. Did you eat? I just finished mine, and I was about to leave.”
“Yeah. I’m leaving too. Your face is red, Gun-Ho. Did you drink? You’d better watch out field sobriety test posts scattered everywhere at this late hour on the way home.”
“It’s okay. I have a chauffeur who will drive for me.”
“Oh, that’s right. You have your own chauffeur.”
Byeong-Chul Hwang was making a face that didn’t clearly show what he was thinking.
Gun-Ho asked Byeong-Chul Hwang, “What kind of business is your research center doing with Egnopak?”
“Egnopak’s research center sometimes makes a request to us for some research work on properties of a material. Well, I believe that your company does an actual business with them, not a research work like us.”
“That’s right.”
“Is the man, who just left, the one who was the CEO of A Electronics? Do you know him personally?”
“Yeah, I do know him. He is now A Group’s CEO in its department of planning and coordination. My company is doing business with them as well, and also I’ve played golf with him a few times.”
“Is that right?”
Byeong-Chul smiled, but it was bitter.
At that moment, S Group’s vice president and Mandong Company’s president came in.
“Hey, President Goo, you came, huh?” They delightedly greeted Gun-Ho as they spotted him there. While Gun-Ho was exchanging pleasant greetings with them by having a handshake, Byeong-Chul Hwang quickly disappeared from the scene.
A new week started.
Gun-Ho was monitoring the stock market in his office in GH Building, Sinsa town. Because of the news about Dyeon Korea’s stock splitting, its stock price was on the constant rise.
“Other than the possibility of stock splitting, we also announced that we are establishing additional manufacturing facilities overseas such as India and China, but investors seem to not care much about that news. The stock price is increasing solely because of the possibility of stock splitting.”
Dyeon Korea’s stock price was exceeding 30,000 won already. On Friday, the price increased to 36,000 won, and when the market was almost closed that day, selling requests of Dyeon Korea’s stock were piled up for more than 200,000 shares, and then requests to purchase the stock started coming in. Consequently, the price increased to 40,000 won.
On Monday, Dyeon Korea’s official announcement was published. It was about the stock split. And, a subsequent dormancy stage started where stock trade of Dyeon Korea was prohibited for the next 15 days.
“After 15 days, the stock market for Dyeon Korea will be fierce.”
Gun-Ho decided to forget about the stock market for a while since no one wouldn’t be able to sell or buy Dyeon Korea’s stock for the next 15 days anyway.
“Well, I will come back to this in 15 days later.”
Gun-Ho received a call from the branch manager of the stock brokerage company.
“I just saw the official announcement about the stock split, sir. It will be fun to watch the stock market after 3 days.”
“What do you mean by 3 days?”
“Dyeon Korea’s stock will be available again on the stock market after 3 days.”
“I thought we would have to wait for 15 days.”
“Oh, that was changed from 15 days to 3 days.”
“Is that right?”
“Sir, did you buy additional Dyeon Korea’s stock, by any chance?”
“No way. I can’t do that because it would be deemed as illegal insider trading.”
“Haha. I’m just asking.”
Later that day, Mr. Yoshitaka Matsui visited Gun-Ho’s office on the 18th floor.
“You seem to be in a good mood, sir. Is there any good news that you want to share with me?”
“Haha. I’m just trying to stay positive and be happy.”
“I’m trying to be positive as well, but it’s not easy.”
“What brought you to my office today, Mr. Yoshitaka Matsui? Is it about Miura Machines?”
“Miura Machines’ President Tsuyoshi-shi Miura informed us of their intention to visit us in Korea the other day. They are still waiting for your response, sir.”
“Oh, that’s right. I’ve been extremely busy these days. I still have things that I need to take care of this week, this week wouldn’t be good. I think next week will be fine. Any days after Monday would be perfect.”
“I will let them know about your schedule, sir.”
“I remember him saying that they would meet with someone from a Taiwanese company. I guess that didn’t work out very well.”
“Well, I don’t know about it, sir. I didn’t ask them. But, given the fact that they insist on coming and visiting us here, I guess it probably didn’t work with the Taiwanese company.”
There was a reason why Gun-Ho wanted President Tsuyoshi-shi Miura to come after Monday. Dyeon Korea stock’s 3-day dormancy period would be over on Friday. He would have to focus on monitoring Dyeon Korea’s stock price movement that day. Since he already purchased 200,000 shares of Dyeon Korea, a substantial amount of money was at stake for him.
Mr. Yoshitaka Matsui gave a call to Japan right away.
After speaking on the phone in Japanese for a while, Mr. Yoshitaka Matsui turned his gaze to Gun-Ho and said, “President Miura is asking if Tuesday would work for you, sir.”
“Tuesday is good.”
Mr. Yoshitaka Matsui said something in Japanese on the phone, and then he hung up.
“President Miura will arrive at Gimpo International Airport this Tuesday, sir.”
“Hmm, okay.”
“I will go to the airport to pick them up on Tuesday.”
“Take my car to the airport. You can use my car to pick President Miura’s party.”
“Oh, my. Are you sure, sir? Thank you so much.”
Gun-Ho asked, “I believe Mr. President Miura needs dialysis treatment on a regular basis. I’m not sure if it is okay for him to make a trip to Korea.”
“Speaking of which, he told me that he would take dialysis on Monday and come to Korea the following day on Tuesday. It seems that a short trip is okay even with his medical condition.”
“I see.”
“My guess is that President Miura would accept your offer, sir. You know the 300 million won to purchase their business. He probably doesn’t have time to wait for a better offer because of his medical condition.”
“Hmm, he is seemingly such a nice person. I feel sorry that he had to suffer from his kidney failure.”
After Mr. Yoshitaka Masui left Gun-Ho’s office, Gun-Ho made a call to GH Machines’ President Jong-Suk Park to let him know about the visit from Miura Machines.
“President Park, the president of Miura Machines is coming to Korea to visit us next Tuesday.”
“Is that right? I will have GH Machines ready to be shown. I will clean the place.”
“I have one more thing to talk to you about. I need you to send me a text with your bank account number. It has to be your personal bank account. I will transfer 300 million won to your bank account. It’s for the acquisition of Miura Machines.”
“You mean my personal bank account, not GH Machines’ business bank account?”
“This is how we do this. I will send 300 million won to your personal bank account, and you will have to send that amount to GH Machines’ business account, so it can be used in acquiring Miura Machines. That way, that amount can be recorded as temporary accounts receivable.”
“Hmm, really? Okay. I will follow your instructions. Give me a second. I will text you with my bank account number right away.”
After a moment, Gun-Ho received a message from Jong-Suk through KaTalk. He sent his personal bank account number. Gun-Ho sent 300 million won to him right away and sent a text message to him to let him know about it through KaTalk.
Gun-Ho sat on the sofa and enjoyed his cup of coffee. He then thought about the stock split and what would happen once the 3-day dormancy period ends.
“Stock manipulators won’t just sell their stock without a plan. They will first raise the stock price before putting their stock on the market for sale. I will join them in raising Dyeon Korea’s stock price then. Let me see… In this case, am I considered as a stock manipulator then?”