The next day was December 1st.
In a month, the year is coming to an end.
I had a meeting with the president of the bank, so I went to the hair shop and wore a new silk tie.
He even sprayed perfume on his body.
The headquarters of Group A's main trading bank was located in Yeouido.
As Yeouido became the mecca of finance, many financial institutions such as banks, securities firms and insurance companies were concentrated.
I was supposed to meet Linda Sim at the front door of the bank.
As I waited in front of the front door, Linda Sim was coming in with a big foreigner.
"Linda Sim!"
"Oh, Choi. Have you been waiting long?”
"I just got here."
"Oh, say hello. It's John Midland, senior vice president of Moellis & Co."
"How do you do it!"
I exchanged business cards with a senior vice president.
The senior vice-president looked very old. There were also many wrinkles under the eyes.
Practical work was done by Linda Sim, and this person seemed like a man who only took form and gave formal signatures.
We went to the bank president's office on the sixth floor of this building.
The secretary recognized Linda Sim.
Until now, Linda Sim seemed to have frequented the bank office.
The pretty-looking secretary kept staring at me.
There was a sofa with a large desk in the spacious carpeted room.
There was an orchid flowerpot on the desk and an Oriental painting and landscape painting hung on the wall.
Two gentlemen were talking on the sofa.
Both appeared to be in their late fifties.
He was president of the bank and chairman of Group A.
He was just like he was in the media sometimes.
The bank president said, sitting on the sofa, raising his right hand for a momentarily.
"Oh, are you here?"
Linda Sim bowed politely with her hands in the middle.
It was completely different from what Linda had seen so far.
"Sit down."
Before Linda Sim sat down, she introduced me to the bank president and Group A chairman.
"This is the president of the private equity firm I mentioned."
I also bowed politely, putting my hands forward.
I treated them politely because they were old, regardless of their social position.
The bank president woke up on the sofa and told me.
"Nice to meet you."
I took out my business card and gave it to the bank president and Group A chairman with both hands.
The chairman of Group A did not get up to the end and received my business card sitting on the sofa.
Linda Sim and John Midland, senior vice president of Midland, sat down and I sat with them.
The secretary brought the car.
The secretary glanced at me again, putting a teacup on the table.
The bank president smiled at my business card and said.
"These days, young people at private equity firms seem to be making their mark. Times are changing a lot. Excuse me, but how much assets does JS Invest have here?"
"Not much. It's about 300 billion."
I had 200 billion won entrusted to JS Invest by the chairman of G Group.
In addition, there were assets in each fund and assets in unique accounts. So said roughly 300 billion.
Group A chairman said.
"We have a group of private equity firms, but I don't think they're big.”
The bank president said while looking at Group A chairman.
"No. 300 billion is a great thing. Even at the age of the terms and conditions."
Linda Sim said.
"As I told you before, we're interested in A-chemistry. But Moellis & Co. is a global private equity firm, but it's not like we can mobilize unlimited amounts of money to invest in countries around the world."
"I suppose so.“
"So if you give us A Chemical, we're thinking of joining hands with JS Invest in Korea to form a consortium and participate in the acquisition."
The bank president looked me in the face and said,
"A Chemical is a group of companies. Are you okay?"
I said with a smile.
"I'll listen to the story, and I'll participate when I reach my abilities."
Linda Sim said again.
The financial statements of A Chemical that I received from the president are 2.8 trillion won in assets and 2 trillion won in debt. K Construction's payment guarantee debt included."
"That's true."
"The current market capitalization of A Chemical on the stock market is less than 2 trillion won."
"That's because stock prices are going up and down on the market.”
"Your shares are 36% including your special relationship."
said the bank president.
"That's why 36 percent of 2.8 trillion won in assets is worth about 1 trillion won. If I get 1 trillion won, I'll cut my debt by half.”
Group A chairman also said.
"The transfer method should be through the current share price plus alpha.“
Linda Sim said.
"We'll decide after due diligence whether it's Plus Alpha or not."
Group A chairman said with a surprised look.
"Didn't the state bank do all the due diligence?"
"Yes, but we have to re-examine it through MKCC Consulting. We also need to check if it meets international accounting standards."
"Well, you're doing useless things. It's just the cost of due diligence."
"First of all, we saw too many trade receivables in our current assets. We have a lot of inventory."
"Grump."
"And we have a lot of investments in subsidiaries and associates. It may contain unorganized numbers. We need to make sure it contains false information."
"Grump."
I thought Linda Sim was surprisingly smart.
It also occurred to me that the position of chief fund manager at Moellis & Co., a global private equity fund, was not a mess.
Linda Sim's tone was also calm.
said the bank president.
"Isn't due diligence going to take about three days?"
"That's what I see."It's not just my job..."
The bank president said as he looked at Group A chairman.
"Let's do that. Don't you think these people want to do the due diligence?"
"Grump."
The chairman's face turned into an insect-chewing look.
Then suddenly he looked me in the face and said,
"You said you were going to be a consortium. Do you have any money?"
I smiled and showed the certificate of balance I received from the securities firm.
"It's a 200 billion-dollar balance certificate of balance. It's not JS Investment Fund, it's my personal property."
"Huck! Personal property!"
said the bank president with a smile.
"There are some young people these days who are scared!"
Group A chairman smacked his lips and said,
"I wish I'd known you sooner!"
Linda Sim explained to John Midland next to her in English what she had said so far.
Certainly Linda Sirim's English was a fantastic pronunciation. He was just like an American.
No, she was an American. John Midland nodded.
I also supplemented and explained in English.
The bank president and Group A chairman said after seeing Linda Sim.
"As expected, English is fantastic.”
The bank president and A group chairman seemed to understand everything even though they were not good at English.
The president of the bank said in a sigh of sympathy over tea.
"The future will be the age of these young people."
We decided to meet again next Friday morning after due diligence.
Once the final agreement is reached, a memorandum of understanding will also be drawn up.
Coming out, Linda Sim spoke to me quietly in Korean.
"I'll meet you at the Conrad Hotel bar at 6 p.m. this evening. I have something to tell you.”
Perhaps speaking in Korean was because of John Midland next to me.
I wondered what this woman was trying to say to me again.
Going up to the office, I untied my tie and drank some bottled water.
I think I was very nervous because I met the president of the bank and the president of Group A.
When I first met them, they were like that.
Money seemed more important than people, too.
In the business world, money talked about everything.
Money was a personality.
Assistant manager Kim Hyung-sook came into my room.
"I sent all the 30 billion additional loan documents to the bank."
"Well done. When does the loan come out?”
"It's coming out sometime next week. We need to set up a mortgage on each apartment."
"I see."
Assistant manager Kim said with a big smile.
"I think you've met some important people today."
"Oh, yes. That's a little bit of a problem."
I didn't tell the staff that I had met with the bank president and Group A chairman.
When Assistant Manager Kim left, I was curious about SillaJen.
We've seen how we've moved since we turned our hands.
The closing price of SillaJen was 108,400 won today.
"You didn't fall. Well, I'm sure there's hope for some tests left.”
I closed the computer with a smile.
I read the newspaper in the office and went to the Conrad Hotel around 6 p.m.
Linda Sim was here first. I was dialing somewhere.
Linda Sim turned off the phone as soon as I went.
"Who are you calling?”
"My sweetheart!"
"You got another lover?”
"Why are you jealous? What jealousy does a man have?”
"What are you asking to meet? No due diligence went into it."
"Would you like a beer?"
"Okay, but what do you want to say?"
"Suddenly! Talk slowly over a glass of beer."
"Wouldn't a senior vice president who came with you feel lonely? Let's get him out and have a drink together.“
"You don't have to. Because I want to enjoy a quiet date with you and me!"
"A quiet date!”
"Ho ho ho ho. You like it too. What's wrong with you?"
"I like it?"
"Your eyes are like that?"
"Oh, me!"
"And it would be nice if deputy Choi Yu-na would accompany us for a couple of days next week? If it doesn't interfere with your work, I'll ask for your understanding."
"Where are you going with Choi?"
Next week is due to due diligence on MKCC Consulting anyway, so we have nothing else to do. That's why I'm just going to go sightseeing. John Midland didn't go sightseeing in Korea."
"Where are you going?"
"John Midland wants to go to Gyeongju. I want to see Seokguram.”
"We'll have to pay Mr. Choi's salary at Moellis & Co.
"Ho ho ho ho. I'll give you if you ask."
We both drank beer.
Two beers went in, Linda Sim said nothing.
"What do you want to say?“
"The sneeze!"
"If you called someone, shouldn't there be a story?"
Linda Sim had a beer again.
"Cha! That's great! Things haven't worked out so well that I haven't been able to drink properly, but I'm getting drunk."
I poured some beer into Linda Sirim's empty glass.
Linda Sim said in a low voice.
"The truth is. To make some money for my girlfriend.“
"Making money?”
"Listen to my story. Starting Monday, shares of A Chemical will fluctuate. The volume of transactions will also increase significantly.”
"No, you haven't even decided to sell it, why does it shake? I don't know what the results of the due diligence will be."
"Shall we make a bet? Whether or not A Chemical shares fluctuate on Monday?"
"Someone else seems to be spilling a fake tabloid."
"How many people did you meet today? There are four people, including John Midland. Information's already leaking out. They sell A-chemistry.”
"Is the sale going to drive up the stock price? There's a lot of times when you don't, right?”
"Hoo-hoo. You're such an innocent man. Not if JS Invest, a general-purpose company, takes over. But if Moellis & Co., a global fund company, takes over, it's a different story."
"Hmm."
"If it were acquired by a big company called Moellis & Co., A Chemical would be free from funding problems, and global marketing would be advantageous. Where's the better news?"
"Hmm. But nothing has been decided.“
"You haven't made a decision, but the bank president and Group A chairman have already made a decision. Due diligence is just one foreseen process."
"How do you know you've made up your mind?“
"The eyes of the bank president and Group A chairman were telling me that.”
"Ha, is she a fortune teller? We need a mat.”
"The due diligence data from the bank was from last year. There's also a time difference. Our MKCC consulting walkdown is something they've already predicted."
"Is that so?"
"So close your eyes and start sweeping up A Chemical shares from Monday."
"Not you?"
"Me? You should give my lover a chance first."
A Chemical Stock Purchase