Chapter 333 - , Episode 5: Signs of Downfall
writer:???      update:2022-07-29 17:57
  “Oi!” When Park In Bo shouted, the Nupchi gang member, who was standing outside, came back in and nodded. “Did this b

  *!” Crash— The innocent gold pomegranate soju bottle bravely crashed to its death against the cement wall. The shards of glass that reflected the incandescent light above caused him even more heartache. “I’m sorry, Jin Bo. Ughhh!” His younger brother’s happy family had shattered like the soju bottle. That was what he, the elder brother, had done to them. “That f

  ***!” He ended up drinking another bottle. The stream of swear words replaced the other bottles. Park In Bo’s shoulders began to droop as he left the basement. Six years had passed since he left the house and moved into an apartment to avoid his wife. Although his wealth accumulated, he didn’t have a loving wife to brew him a good stew. Park In Bo’s habit of blaming others was also consistent. The blame had only shifted from his brother and nephew to his wife and the Jang family. With the blame came a traditional attachment to his blood family, and a little self-evaluation. Perhaps it was an escape mechanism devised by his brain to protect himself. The Jang who Park In Bo called a b*** was truly doing b

  *. Also, he couldn’t betray Boss Park who had helped him during his hard times. “I guess I’m just caught up in these useless thoughts. Please understand. I’ve been anxious the past few days taking care of all kinds of things.” “I understand. Being the wife of the Good Heart Oil’s boss isn’t easy.” Lawyer Lee stared at Madam Jang for a long time. Of course, her head would hurt. Madam Jang had attempted all kinds of things to hand Good Heart Lodgings and Good heart Oil over to the Jang family. She had assigned the executive positions to the Jang family members, controlled the labor force to slander Boss Park, and laundered money away from the company. He did help with a few matters here and there too. However, 100 rolling acorns couldn’t win a rolling pumpkin. Boss Park had already made his move. Currently, Good Heart Oil’s paid-in capital was 2,000,000,000 won. The face value of his shares was 5,000 won, which consisted of Park In Bo’s 52 percent, Jang Pil Nyuh’s 10 percent, Jang Pil Nyuh’s oldest brother, Jang Gi Su’s 10 percent, her second younger brother, Jang Sam Su’s five percent, Park Hee Ja’s two percent, Park Hwa Ja’s two percent, Park Wu Tak’s six percent, and the other shareholders’ 13 percent. Boss Park had already transferred his shares to Park Mu Ssang. The transfer and inheritance documents had completed all legal procedures and were already deposited in the national bank. Madam Jang didn’t know the rice had finished cooking. The largest shareholder of Good Heart Oil, the greatest oil company in Daegu, was Park Mu Ssang. It was just that Boss Park In Bo was working as his representative and since it was under his name, the transfer was undetected. It was only possible because they were a private company. “About the ginseng factory construction, what is the boss planning? Is he planning to get a loan or is he planning to increase the paid-in capital?” Lawyer Lee felt his brain flickered back to life. The Jang family finally pulled out their knife. Truly, Boss Park’s senses hadn’t turned rusty at all. “We decided to issue about 1,000,000,000 convertible bonds instead of increasing the paid-in capital.” “Bonds? Aren’t the interest rates high these days?” “While the average bond interest is over 15 percent, convertible bonds have convertible merits, which means it’s only five percent. Boss has already made up his mind.” “I don’t know the complicated stuff, but you’re saying the convertible bonds will later become stocks, right?” “That’s right, Madam. Right now, the number of issued shares is 400,000. Once we issue 50 percent of our capital, it’ll be 600,000 shares. It’s a good profit for the company, but there’s a possibility of the ownership percentage dropping, which means management rights will also be at stake.” “So if that man takes back the convertible bonds, his share will increase.” “That’s also true.” “How much do we need to buy to make the share ours?” Madam Jang spoke with a dialect. That meant she was excited. Hehe, she took the bait. Lawyer Lee took out a calculator from his bag and pressed on it. “Madam, currently, you and your brothers have a total of 25 percent in shares. If you buy all the convertible bonds, you’ll have 58 percent. The owner of Good Heart Oil would basically change.” “Hohoho, 58 percent! That old man won’t be able to compare no matter how much share he buys from the other shareholders.” “That’s right. The stronger Good Heart Oil is, the more convertible bonds will be issued at a premium price. Of course, you must buy them. You should buy them even if you have to pay twice or triple the price. That money will belong to the company, after all. It’s Madam’s wealth.” Lawyer Lee whispered the devil’s temptations. He combined a percentage of lies with 99 percent of truths. “What if that man doesn’t issue convertible bonds and decides to loan money from the bank?” What a stupid wife. A bird dies from its feed, and humans die from their greed! Lawyer Lee laughed at her internally. Boss Park was right. She was anxious to lose the bait which dealt with management rights. “You should pressure the boss before that happens. The Jang family has enough influence over the workers and middle-level managers, don’t they? You can also pressure him by using the right to access the accounting books.” “Won’t it all be dismissed if the boss refuses?” “If anyone has more than five percent of the shares, they can go to court and apply for access to the accounting books.” Madam Jang’s eyes twinkled. Now was the chance to fulfill the Jang family’s long-time wish.