Korean TV series: King of Peninsula 1997

Chapter 147 Meeting Completed
At the dinner table, Zhang Dongxiu also inquired about the current situation in Seoul, and expressed some emotion about the merger with Kinmen.

But in the end, no one asked too many questions. People like Zhang Dongxiu were the ones who spoke roughly but with details.

"Chairman Zhang, remember to ask your wife to arrive on time," Li You repeated to him after the meal.

"Got it," Zhang Dongxiu waved his hand, "I'll ask her to bring a lawyer with her, and you can help her fight for it."

Li You smiled and said, "President Zhang, don't worry. I will not let my wife suffer any loss when asking for help."

Time passed quickly, and on the morning of the meeting, the shareholders who needed to attend had already taken their seats in the meeting room.

This conference room located in Kinmen’s headquarters welcomed so many people for the first time.

Shi Dongchu, Li You and Ding Qing sat in their seats calmly, obviously having made their own preparations.

As the shareholders in the conference room began to discuss, Li Zhongjiu cleared his throat several times and drank two sips of tea as if he was thirsty.

Unlike the last meeting, this meeting was obviously better prepared and more under Shi Dongchu's control. Even the tea served was the kind he liked.

Shi Dongchu still had that gentle smile on his face, "Now that everyone is here, it's time for us to officially start the meeting."

He explained in detail why this meeting was held and the purpose of it.

The reason for holding this meeting is to attract funds again to further expand the scale of the group's current industries.

He used Li You's Kinmen Real Estate as an example, and Li You also cooperated by providing some data on funding shortages to prove that there was indeed a need to expand the board of directors.

He said that when expanding the board of directors, new business channels were also brought in to make the group more stable.

The opening remarks of the meeting were not long. Shi Dongchu simply gave a brief introduction of what was to be done next and then went straight to the point.

"Vice President Nim, Director Ding and I have invited some high-quality investors. They are now in the lounge next door."

Shi Dongchu smiled and said, "Then Director Ding will go first this time?"

Although Ding Qing had been a director for some time, he still acted carelessly. He patted Li Zicheng next to him and motioned him to invite someone in.

Li Zicheng seems to be immersed in his career these days and is not as haggard as he was during the merger days.

He walked out expressionlessly, and then led the investors invited by Ding Qing in expressionlessly.

"I found two investors in total," Ding Qing grinned, "This is the investor from Shanghai, Secretary Song of President Wang of Tingfeng Trading. Secretary Song is the plenipotentiary representative."

Secretary Song looked ordinary but gentle and refined. He nodded slightly to everyone in the conference room.

"This is President Jiang of Incheon Jixing Freight," Ding Qing was obviously more familiar with this President Jiang. He patted President Jiang's shoulder affectionately.

"Tingfeng Trading estimates that it will invest 10 billion won in Kinmen Group," Secretary Song spoke fluent Korean, "without any equity swap."

Ten billion is not a small number. Li You looked at Ding Qing with some surprise.

President Jiang was much more reserved. His freight company was not very big to begin with, but he still came over after being pulled and dragged by Ding Qing.

"We, Jixing, will do some equity swap with Kinmen Trading," he glanced at Ding Qing who was following him.

Ding Qing spoke for him helplessly, "We will also invest 3 billion, of which 1 billion will be invested in Kinmen Trade."

"Zicheng," Ding Qing ordered Li Zicheng, "Send these two investment plans."

Looking at Li Zicheng who was busy at work, Ding Qing couldn't help but think of finding two secretaries.

Li You saw him stop talking, and then he took the initiative to look at Yin Xuanyou. He lowered his head and left the meeting room, going to the lounge to invite people.

When the invited people arrived at the conference room, the two investors invited by Ding Qing had already taken their seats.

"First, it was SM Entertainment's producer Lee. The 2 billion cash flow plus SM Entertainment's shares were all invested in Golden Gate Entertainment."

This was the result of another discussion between him and Lee Soo Man. Investing all of it in Kinmen Entertainment would allow SM to develop better and would also allow Lee Woo to further intervene in Kinmen Entertainment openly.

After all, investing 2 billion into Kinmen Group Head Office is like a drop of water into the sea, which has little effect.

Shi Dong looked at Li You unexpectedly. He didn't expect Li You to intervene in Kinmen Entertainment at this time. After all, it was most important to consolidate his power in Kinmen Real Estate at this time.

"Then there is the individual investor Mr. Li Fuwen," Li You said with a smile, "the amount is not large, he will invest 5 billion won in the Golden Gate Group Head Office."

"Uncle Li is someone I'm quite close to," Li You watched him sit down, "and his son-in-law is also a good friend of mine. He is currently working as a prosecutor in the Southern District of Seoul."

He directly pointed out Li Fuwen's identity, causing most of the people present to change their expressions.

Some people do have connections with prosecutors, but this is the first case where someone was singled out so openly as Li You.

This is not really a handle. After all, it has been a tradition for 20 to 30 years for rich people to choose prosecutors as their sons-in-law, and most prosecutors have these rich relatives.

Unless you are lucky enough to pass the exam to become a prosecutor, and then you are ugly, old and incompetent.
"This is a close sister of mine. She will personally invest 3 billion."

Although he had never met Zhang Dongxiu's girlfriend, Li You still spoke. The woman named Liu Shunying smiled reservedly and sat down.

When it came to the young man Yin Xuezheng, Li You raised his eyebrows at him. Yin Xuezheng understood what he meant and spoke up himself. This was a good opportunity to attract customers.

"I am Yin Xuezheng, an investor of Zhenghe Investment," Yin Xuezheng said with a smile, "I am responsible for integrating resources for investment. This time, Zhenghe Investment plans to invest 5 billion won in Kinmen Group Head Office and invest in more than ten properties in Kinmen Real Estate."

"Vice President Nim," Li Zhongjiu looked at Shi Dongchu's frowning eyebrows and took the initiative to speak, "Kinmen Real Estate accepts real estate investment?"

"Why not?" Li You spread his hands, "Kinmen Real Estate is currently lacking projects. The more projects we have, the better." Seeing that Li Zhongjiu was blocked, Shi Dongchu smiled and tried to smooth things over, "This is understandable. It's also a good thing to be able to expand the scale of Kinmen Real Estate's operations."

Li You finally stood next to Li Zeyi who was present in person. Shi Dongchu looked carefully at the serious-faced old man and finally recognized him.

While secretly shocked, he took the initiative to stand up and extended his hand, "Chairman Li, I didn't expect the vice president to invite you here."

The two are about the same age, but Shi Dongchu looks older.

Li Zeyi smiled and said, "President Shi, do I need to introduce myself?"

"I should have recognized you earlier," Shi Dongchu said apologetically, turning to face the shareholders in the conference room, "This is Li Zeyi, chairman of Lihua Club."

Those who understood it couldn't help but look at Li You in surprise, while those who didn't understand it naturally didn't understand. Ding Qing looked at Li Zicheng blankly. As an overseas Chinese, he didn't understand these things.

Li Zicheng pushed him gently with an expressionless face, signaling him to listen carefully first.

"I wonder what the relationship is between Vice President-nim and Chairman-nim?"

Shi Dongchu asked with a questioning look. Li Zeyi patted Li You's arm and said, "According to seniority, I should call Li You my nephew."

Shi Dongchu was surprised, "I didn't expect that Vice President Nim is also a member of the Jeonju Lee Clan."

"Of course," Li Zeyi said proudly, "When a great figure emerges from our Quanzhou Li family, we naturally have to help out more."

"The amount of investment from Lihua Club this time is also set at 5 billion."

Li You remained calm on the side. In fact, he was the one who gave half of the 5 billion. If he wanted others to support him, he would naturally have to bleed.

Shi Dongchu pretended to help Li Zeyi sit down, then returned to his seat and began to introduce his investors.

As expected by Li You, Shidong had more investors but they were more scattered, and the total funds were also limited to 20 billion, just like Li You.

Li You even felt that the 20 billion was Shi Dong's private property, and that he was now looking for investors in order to consolidate his power.

The equity is constantly subdivided and the structure becomes more complicated. This is Shi Dongchu’s purpose.

The best protection for Kinmen is for the group to provide jobs for tens or even hundreds of thousands of people, but Kinmen obviously cannot do this now.

The only way is to turn Kinmen into a combination of interests of more people, and let those who stand together because of interests deal with it together.

There were also some small investors brought in by other people. Shi Dongchu naturally welcomed them, as more money meant more strength.

Finally, after a vote at the shareholders' meeting, with no objection, all new shareholders were agreed to join, resulting in a small-scale expansion of the equity structure of the Kinmen Group.

Although the entire Kinmen Group received new capital injection, the equity of all original shareholders was diluted somewhat.

But most of the new shareholders are brought by the three giants Shi Dongchu, Li You and Ding Qing.

On the surface, their equity was diluted, but in fact they suffered no losses, and their actual power even increased further.

Shi Dongchu brought more people, allocated more equity, and had greater control over the board of directors of Kinmen Group.

While maintaining the power of the Kinmen Group, Li You and Ding Qing further deepened their control over their respective industries.

All three parties got what they wanted, but the small shareholders suffered.

Although the dividends will not decrease but increase, they will become transparent people without any say.

After the meeting, Li Youcai saw the guests off one by one, stretched his body, and went straight upstairs back to his office.

Shi Dongchu was standing at the door with a smile on his face, waiting for Li You. "Vice President Nim has given me a big surprise."

He followed Li You into the office. "Not only did they attract a large amount of investment, but they also found Chairman Li and the prosecutor's elders."

"President Shi, you are too polite," Li You and he sat down on the guest sofa, "I am just pointing it out. In fact, there are many prosecutors behind the group."

"The first person to come out will always have more benefits and more dangers," Shi Dongchu looked at him with admiration in his eyes.

"And Chairman Li, I really didn't expect you to appear at the meeting as a Jeonju Lee this time. I just talked to him and you are from the Hyonyeong Grand Prince faction."

Shi Dongchu was not dissatisfied, but became more optimistic about Li You.

Connections, background and resources, plus skills, abilities, and even some luck.

"The president also knows that as long as the value is high enough, even Li Zicheng, who is close to Ding Qing, can join the Quanzhou Li family."

"If it doesn't work, it's the value. To put it more vulgarly, it's that the money is not enough."

"It's not difficult to join the Quanzhou Li family," Shi Dongchu said meaningfully, "The important thing is that he personally supports you, isn't it?"

He vaguely guessed that Li You should not have directly exchanged interests with Li Zeyi, but now he has not investigated in detail and has no way of knowing the truth.

"By the way," Shi Dong came out cheerfully, and he slowly stood up, "There should be a charity dinner before the press conference next month. Is the vice president interested?"

"charity dinner?"

"It's not like before," Shi Dongchu said with a smile as he stood at the door. "This time it's for real charity. It's a good opportunity for you to go and meet some people?"

Li You nodded, and after Shi Dong went out, he looked at the scenery outside the window and felt that the target was closer.

(End of this chapter)