Story of a Big Player from Gangnam

Preparation Work for M&A (2)

(107)

Director Lee Se-gil of Hangwang Law Firm looked a little surprised when he saw Gu Gun Ho's documents.

“What, there are so many lawsuits. How many are there? ”

“That's 65. ”

“It's not a good sign that so many lawsuits have been filed. ”

The secretary examined the documents one by one while talking to himself.

When Gu Gun Ho saw the secretary, he wore a bright combination on his red t-shirt. I thought it was cool in its own way, but it didn't look elegant.

“It's mostly a delivery claim and 17 payroll lawsuits. ”

“How many payment orders have you received? ”

“That's 16.”

“When the court decides to cancel the rehabilitation proceedings, the person who is ordered to pay will immediately take action. I put in a different kind of effort. ”

“Is that so?"

“I think we should negotiate ahead of time. to pay in installments, to pay in installments. However, there may be emotional distress on the way to the court's injunction, which may be difficult to negotiate. ”

“Do you put pressure on me if I exercise my skills? ”

“Yes, if you put a padlock on a machine that's not working, or a ticket on a computer in your office, your company will be suspended immediately. ”

“Hmm,"

“But we don't have to do it right now. You're not supposed to be very good at it during court hours. Ordered vendors are probably tackling company trends. ”

“Hmm.”

"The remaining documents are payroll advisory decisions or claims for payment of goods, please file an appeal with the court within the deadline. ”

“How?”

“Submit an appeal in a way that makes it difficult for your company to split and pay back. and the court finds that there's a dispute, and they try it. You can buy time if you don't win. We're slowing it down. ”

“Hmm.”

“How do I file an appeal? ”

“I'll email a sample of the form to the old boss. ”

“I'm an old president when I'm in Seoul, but I'm also called Managing Director at a law firm. ”

“Executive Director? I can't hire officers during court. ”

“I report to the court as a deputy director and call it executive within the company.

Lee Se-gil smiled.

“Good luck. ”

“How many payroll lawsuits did you say you had? ”

“17.”

“Pay back your wage bonds when you can. The image of the company gets worse because you didn't pay the employee salary. They see it badly in court. Moreover, wage bonds can lead to criminal problems. ”

“Hmm.”

“Apart from civilians, the president of the water wave industry is punished. ”

“Hmm.”

Secretary Lee Se-gil covered up the paperwork as if he no longer needed to see any other documents.

“By the way, what is the total amount of bonds in the wave industry? the total amount of bonds reported in court. ”

“Looks like more than seven billion. Last year's financial statements were 50 billion in total debt, and that's a huge increase. ”

“So the old boss is going to take over the company with the seven billion? ”

“Haha, I don't have any money. ”

“If you're a visionary, why don't you try a concession with someone else? ”

“We're just reviewing the views. ”

“Really? And the old man said he'd buy you something delicious. What should I do? I have to get to Incheon District Court soon. ”

Secretary Lee Se-gil tried to get up from his seat. The hook quickly pulls out an envelope from the inside pocket.

“I was going to serve you a meal, but it's hard to catch you at work. It's a small price, but it's worth a meal. ”

“Heheheh heh, I'm sorry every time. ”

The secretary did not pretend to be a no-go, but quickly packed the envelope and put it in his pocket.

Gu, who returned to Asan's wave industry, organized the litigation data by classification and reported it to the manager.

“Only 12 billion won for 65 lawsuits.

“Hmm.”

“There are 17 double wage bonds. Once the delivery is received, we'll settle the wage bonds first. ”

“Of course I do. ”

Guggenho approached the account manager. I took the chocolate out of my pocket and gently gave it to her. My manager smiled at me while I was working.

“I think you're the busiest person in the company. It looks like the paperwork you submitted to the court won't stand a chance. ”

“Phew, I'm dying. I can't let anyone do this to me, and it's gonna be hard. I think I was wrong to quit the company with you the last time I went out. ”

“Did you get off work past 10: 00 last night? ”

“That's what it looks like today. ”

“What are you doing today? ”

“I'm reporting the funds to the court, and I need to attach all the statements behind me. It's also sand payday tomorrow, so I have to fill out a pay stub. ”

“Do the court documents need to be stamped by both custodians? ”

“That's not normal either. If you get a new manager stamp, you won't be there, and some days you will be, but if you don't, you'll have to wait all day. I don't know why they had two janitors in court. ”

“You've been through a lot. ”

“And a sales executive like Yamchee wants me to revise the rehabilitation bond plan. ”

“Why?”

He said, "You're weak in numbers, and you let it slide. ”

“Hmm.”

“Business must be busy, too. The manager told me to do it again because I had a low sales plan. ”

“Hmm.”

“Developing a sales plan helps us calculate sustainable value. ”

“Hmm, I suppose. ”

“Still, I'm glad you're here. ”

“Me?”

“You don't have to worry about the lawsuit, because you can be sure about it. ”

“I don't think I've done my part yet. ”

“There's a rumor that you're here for the M&A. Right?”

“Haha, have you heard that rumor? ”

“You're a young man, and rumor has it you have big hands behind your back. ”

“Haha, really? ”

“I want someone with a lot of money to buy this company. I'm sick of it.”

“How long have you worked for this company? ”

“This must be the 18th year. You're old enough to do nothing. ”

He had four more employees, but he was afraid to do what he was doing. It's because I don't know the details of my work and can't get enough time to spare. He was smart and bright in numbers. When the new manager or chairman called me, I answered like a computer.

Gu had one more question for the account manager.

“I thought you said the rehabilitation bond was worth seven billion? ”

“Yes 712,472 million won. The dual public interest bond is ₩ 122.64 million. ”

“Are public interest bonds taxable or something? ”

“Yes, taxation, four major insurance shifts, wage shifts. ”

“That's a lot. ”

“So how many creditors must have suffered before going into court? ”

Gu Gunho sat in his chair and began to conflict.

“71.2 billion. Even if you squeeze commercial bonds, it's a problem because you have 1.2 billion public interest bonds. ”

Gu, who was a little tired, leaned back behind the chair and closed his eyes.

You hear a loud shout in the janitor's room.

Gu Gun Ho and the Chief of Staff went after him. Chairman Oh Se-young and the janitor were fighting in the janitor's room.

“Look, I know you're a court-appointed custodian, but this is a company I grew up with for 30 years. ”

“Is this your personal property? It's a company where creditors keep their money and sweat. Do you like it? It may have been before, but it's now in court. Be aware of reality."

“If I knew what I was doing, I wouldn't have even filed a court order! The world knows what this company has invested in China, and you control the travel there? ”

“How do you spend your expenses here when you have a different legal entity? ”

“What do you know about the factory? Aren't you the guy who used to squat at the bank and run the branch? ”

“You can say what you want, but you can't spend money here. ”

The chairman was shaking since he was angry.

There were executives, directors, and deputies who came to fight, but no one stopped them. They can't hold this side, and they can't hold that side.

Gu Gu stood up and stopped the two of them. Gu Gu, first, shut down the president.

“Secure it and go to your room. ”

When the chairman sat at the table in his room, Gu Gu Gae quickly brought him some bottled water.

“There's a bunch of boneheads coming in here. They don't want any trouble. Is he trusting the court? Bastards!”

“Haha, Chairman. It's because the caretaker is so FM. That's not true of government officials and bankers. ”

“You saw the oral chords, right? What this caretaker is doing right now. I mean, look at how young he is with his eyes wide open. Aye!”

Gu, the chairman, calmed down and entered the caretaker's room.

“You must be in a lot of trouble. ”

“I can't help it because he's an old man. Aye!”

I drank bottled water to see if the caretaker was burning.

“The manager was patient. ”

“Think about oral chords. What did I do wrong? Obviously a different legal entity. ”

“I don't think you're very good at distinguishing yourself because you're old. ”

“Why charge this company for travel when my son is going to a company he founded? That's why the company's in trouble, isn't it? ”

Gu Geunho returns to his seat and closes his eyes again with his back against the chair.

“Should we give up our troublesome company? Why would a man with a lifetime's worth of money want to buy this company? ”

However, Gu Gu really wanted to have a factory. Moreover, a company with more than 7 billion sales and 250 employees was just as hungry.

“Debt is the problem. That's the problem with being in debt equal to the sales amount. ”

I was thinking about this and I got a call from Kim Min-hyuk in China.

“What's going on? I heard you joined the Executive Director of the company in Asan. ”

“That's it. ”

“You said you were trying to figure out what's going on with the company because of M&A. ”

“That's right."

“You must be busy.”

“Oh, let's find out one thing while you're on the phone. ”

“What?”

“If you go to Oh-hyun, Soju, it's called 'Water Wave Train Collaboration'. “

“Train wreck? Auto parts factory? ”

“That's right. It's not far from where you are. Is the door closed or is it running? ”

“Are you the owner of the company that you joined as Managing Director? ”

“Your son ran this place, and it's a disaster. I don't know what happened after that. ”

“Got it. I'll go and get back to you. ”

“Yes, thank you. ”

I got a call from Min-hyuk Kim about the time I left work.

“I've been there, but the door was closed. ”

“Really? With all the machines? ”

“The machine was all there. The machine seemed to be big and all new, but it stopped, so it's a problem. If the machine is standing like that, everything will be useless. ”

“Were there no employees? ”

“There was no one. I heard about the janitor there. He's been behind on his rent for six months. They say the workers occupied the factory. ”

“Hmm.”

“Electricity's been cut off. The waitress says she comes out every three days to take a look around, and I want to meet her. I left my contact information with the janitor. ”

“I don't know how much it's going to give you, how much it's going to give you. Does the waitress know? “

“I don't know. I'll see you around. ”

“How many square feet do you think the factory will be? ”

“I'm guessing 25,000 square feet. The factory is a new building. It's a shame about the factory. ”

“Got it. Good work. Let me know the outcome when you meet with the waitress. ”