The widow's cry grew louder.
It was no use trying to appease people.
"How can I live with 300 million? How am I supposed to live in Pyeongchon apartment now that it's 300 million? Do you want me to starve to death?"
I couldn't proceed further with the meeting.
I wanted to help, but I had to make the calculation clear for now. Because if I had compassion, I could be ruined.
Kim Hyung-sook, who followed him, was also wiping away tears.
I announced the suspension of the meeting.
"It's hard to negotiate with each other in this situation. I'll take a half hour off and then I'll do it."
I left the president's office.
The vice president chased us out to the other room. A small meeting room was a room with a sign on it.
Although it was a small meeting room, it was a room where old documents or computers were piled up. Still, there were tables and chairs in the conference room, so I came in and sat down.
Jung said.
"The 500 million won deposit left by the deceased president remains the same, so the CEO Lee In-myeon gave a lot of consideration after the 300 million won reduction, but that's what happened."
"You're a widow. That's how you get out."
Chang also said with a sigh.
"The widow is a very cultured woman, but she's driven to a dead end, and that's what I'm doing. I've seen a few M&A practices, and I've never seen anything so difficult."
The vice president of Pitestech alone came into our room.
"I've been a little comforted by you. Director Gyeong-ri also bought you a pill from Wuhuang Cheongsimhwan."
"Good job."
"Mr. President, if you'd like to take over the company, could you think more about it? I'm sorry, I'm not haggling through the market."
"Do you have any severance pay for your late boss?"
"I do, but it's only a few bucks since I just started it. I don't know if it's about 20 million won. Will you acknowledge my severance pay?"
"I'm the president of a private equity firm that came to consider taking over the company, not a philanthropist. If you don't have your late boss's dowry, you can think of it differently, but isn't that impossible to get?"
"That's true."
"Thinking about that, 300 million isn't a small sum."
"That's true."
"Try persuading the vice president to understand.”
"Phew, I got it. I'll try to convince him."
"If it doesn't convince us, we will stop taking over and go back to Seoul."
"I've come this far. Would that be all right? I'll try to persuade him again."
When the vice president left, we were all lost in thought without a word.
Chang was lost in thought, while Jeong was lost in thought.
Kim Hyung-sook, too, seemed to think something with her head down.
I remembered the old days.
There was a time when I bought the wrong truck and wanted to die. When the hard-won truck was re-sold with the money from the MG Saemaeul vault, it was worth the shit. So I wanted to grab the head of the managing director who sold the car and die with him.
It was well known that without money one could act out of the blue in extreme situations.
I called Director Jung.
"You know the accounting director of Pitestech who was at the meeting earlier?“
"You mean the short one?"
"That's right. Go ask him to quietly tell you the address of the dead boss' house."
"I will."
"And if you know the address, call our company in Yeouido and ask Hong Ji-young to take the copy of the address register off the Internet. Hong Ji-young has taken it off before, so you know."
"Okay, I will."
"And ask them to let me know if there is any mortgage or pressurization."
"Okay."
Manager Jung went out quietly.
A long time later, Mr. Jung came in.
"The ex-president's address is Pyeongchon. According to the accountant, the widow still lives in the Pyeongchon apartment. It's a 32-pyeong apartment."
"Really? You asked Hong Ji-young to take off the copy of the register, right?”
"Yes, he said he'll let you know in a moment."
About half an hour passed again.
The vice president of Pitestech came into the small conference room where I was waiting.
"I can't quite figure it out."
"Hmm. Is that so?"
"I came out because I wanted to be alone and asked to leave. You want to be alone, so you're trying to sort things out."
Kim Hyung-sook said with a surprised look.
"No! Don't leave me alone! I don't know what I'm going to do.”
said Petestech vice president with a smile.
"Ay, that's not gonna happen."
Chang also gave Kim Hyung-sook a pint.
"You man! You said you had a son, didn't you? A man with a child can't do anything wrong. Kim Hyung-sook will also get married and know when she has a child. Kim Hyung-sook or don't have the wrong idea."
When the vice president of Pitestech left, Hong Ji-young, who was in the Yeouido office, called Jung.
Jung made a note of the phone call. And he reported it to me.
"KB Kookmin Bank has a mortgage of 300 million won and Hyundai Capital has a mortgage of 60 million won twice."
Chang said.
"That's about 300 million in real debt. If you get 300 million won from us, there's nothing left if you pay back your debt. A widow should get a job, but it would be rather difficult for a highly educated person to get a job. Because I can't do anything."
"How long that apartment will last..."
Jung said.
According to the accountant, it is an apartment next to Anyang Central Park near Pyeongchon Station, and the market price will be about 500 million won.“
Vice President of Pitestech has come back to where we are.
"My aunt says if you give me about 500 million, I'll turn it over. I agree with potatoes. Then the capital of 3 billion becomes a 6-to-1 reduction. I'd like you to consider that because I have to give up my shares."
"I'm sorry to hear that you've put 300 million won in your pocket and cut it by one-sixth to 50 million won. So you're going to take that 500 million won off and take 450 million."
"Yes."
I had this thought.
You're going to pay me back 300 million won and run a coffee shop with 150 million won.
Pitestech had a capital of 3 billion when it first started.
The company was launched by a deceased CEO with 90 percent or 2.7 billion won, and a vice president with 10 percent or 300 million won.
To raise the money, these people borrowed money from banks, including severance pay, savings and their homes when they worked at Samsung.
Since then, the company has failed to do well, causing debts in the corporate name and increasing the debt exponentially.
The vice president said.
"Shall I coax you back and ask you to make it's 400 million.”
I said with my arms folded.
"Say you'll agree to do it for 500 million won. I'll be happy to take over the company."
"Thank you, sir."
When the vice president left, Jang and Jeong looked like they shouldn't do that.
Kim Hyung-sook is smiling so I would appreciate it if you could. It seemed to do.
The discussion went on again.
Chang said.
"As of September 6, 2016, the CEO of Pistestech Inc. and JS Investment & Securities Co., Ltd. enters into a transfer contract. The transfer price shall be 500 million won and the transfer of assets and liabilities shall be carried out comprehensively. Do you agree?"
I answered.
"Yes."
The widow replied.
"Yes."
"I'll put the deposit at 50 million won today and pay the rest of the balance after potatoes. Potatoes reduce the existing capital of 3 billion won by 6 to 1 ratio to 500 million won. Potatoes will take about three days to process, so please complete them."
"Okay."
"I want you to go through the business procedures."
"Okay, I haven't done potato work, but I'll talk to the attorney general and proceed."
I don't have any experience with potato processing, but I think I know a little about Chang.
Other people didn't know as well as I did.
Chang said.
"The potato is supposed to be voted on at the shareholders' meeting. This is not a listed company, so it's still easy to work. I want you to take the minutes of the shareholders' meeting and bring it to the attorney's office, assuming that we've discussed today."
"Okay."
"The shareholders' minutes should clearly state that potatoes are being served."
"Okay."
The vice president said.
"The minutes of the General Assembly should be notarized, right?"
"Yes, you can go to the attorney's office and they'll show you around."
"We can take the shareholder's certificate of seal in favor of the vote and get the other documents we need.
said the widow, who sat quietly.
"Well, I have one thing to say to the president of the private equity firm."
The widow suddenly asked me a question.
"You mean me?"
"What's going to happen to my child's father's severance pay?”
"Payment money?"
Everyone looked me in the face with a perplexed look.
I asked the vice president.
"You said your retirement allowance would be about 20 million won, right?”
"I haven't done the exact calculation, but I think it'll be about 20 million won."
I gave you a cool answer.
"If we increase the capital after the potatoes, we'll get the money, so we'll settle it for you then."
"Thank you. And I have one more favor to ask."
"Again? Go ahead."
"Please make sure that all employees below the vice president of Pietestech are not sent out. Please."
"Oh, don't worry about that. In the meantime, many employees have been out of work due to delayed wages. We need to pick more. We're in a position to get help from everyone below you."
"Thank you."
Director Chung took out the corporate transfer contract and put it on the table.
I said.
"The transferee does not belong to JS Invest, but to me."
"In person?"
The vice-president looked at me with his eyes wide open, but he didn't complain.
I signed a contract with the widow for the transfer of a corporation.
I sent 50 million won to the Pitestech corporate account and the Pitestech corporation sent the deposit 50 million won online to the widow's account number again.
The widow bowed politely to me.
"Good work. It's a company with a lot of debt, so it'll cost a lot of money if you come right away We've had a hard time in the last three years, although you'll be able to handle it because it's a very generous fund company."
"I heard you had a child. Cheer up and live well."
"Thank you. You're a young man, but I'm relieved that a good man has taken over."
"Thank you. I'll try my best. The vice president and the accountant here also offered to help me a lot."
The vice president and the accounting director liked my words.
At least they thought they wouldn't get rid of all of them.
I shook hands with the vice president and said,
"Good work today. Please let us know immediately when you get a registered copy of the company that has become a potato."
"Okay."
"And I will execute the money I have to pay your wife after seeing the potato-‘
'Okay.'
I shook hands with the accountant.
"The accounting director also worked hard today. The accountant wants you to get your former boss's severance pay."
"Okay."
consideration for friends