The Underground Emperor: Starting with Running Away with His Sister-in-Law

To put it bluntly, none of Ding Xin's subordinates were qualified for this position, and even Ding Xin himself wouldn't have been able to even dream of it if it weren't for the internal strife within the major sects of Peking University.

Therefore, he had no choice but to settle for second best and try his best to secure a powerful position in a subsidiary company for his subordinates...

The other board members are all business investors.

Most of these positions are nominal, with only a small number of shares in the group's parent company. These are not original shares; the holders only have the right to receive dividends but no voting rights.

In other words, if Kinmen Group's stock price rises in the future, their equity may be diluted.

The next step is the business development direction, which is the group's eight subsidiaries.

These include construction, logistics, finance, entertainment, hotels, department stores, film and television, and manufacturing.

The job assignments here are quite intriguing.

Shi Dongchu is the head of the group and also the largest shareholder of the group's parent company.

He holds 19% of the original shares in the group company and oversees all affairs; therefore, he does not hold any position in the subsidiaries.

Ding Qing is the vice chairman of the group and naturally took on the position of president of the two subsidiaries, Kinmen Construction and Kinmen Logistics.

While holding 11% of the original shares in the group's parent company, he also personally owns 20% of the shares in two subsidiaries.

Zhang Shouji secured the position of president of Kinmen Entertainment and Kinmen Department Store, owning 15% of the original shares in the group's parent company and 20% of the shares in the two subsidiaries.

Thanks to Seok Dong-chul's intervention, Lee Jung-gu secured the positions of president of Kinmen Hotel and Kinmen Financial Corporation.

He not only owns 4% of the original shares of the group company, but also holds 10% of the shares of the subsidiary.

Ding Xin not only serves as the president of Kinmen Film and Television and Kinmen Manufacturing, but also as the vice president of Kinmen Construction and Kinmen Logistics.

Therefore, his shareholding structure is quite complex.

In addition to the 9% original equity of the group company, it also owns 45% of the shares in film and television and manufacturing, and 10% of the shares in construction and logistics.

Lee Ja-sung served as the vice president under Jang Soo-ki, owning 2% of the original shares in the group company and 5% of the shares in two subsidiaries.

Zhang Shouji's confidant, Cui Beizhen, served as Li Zhongjiu's deputy and owned 2% of the group's original shares, as well as 5% of the shares in two subsidiaries.

By this point, the positions of the top two leaders in the eight subsidiaries had been largely filled...

The key to the entire allocation process is balance.

Construction and logistics are currently pillar industries in South Korea and will also be key areas for the group's future development.

Acquiring these two subsidiaries means gaining control over the group's future development, which is perfectly befitting Vice President Ding Qing's position.

The reason for appointing Ding Xin as the vice president of these two companies was twofold: one was to restrain Ding Qing, and the other was to provide compensation.

The restraint is because Shi Dong is involved in gambling.

Money can be a powerful motivator. Faced with such enormous profits, it remains to be seen whether Ding Qing and Ding Xin can maintain their friendship.

As for compensation.

All I can say is, have you ever seen a South Korean gang that made its fortune through film and manufacturing?

You can probably imagine how rudimentary it was, right?

The other subsidiaries are also intertwined.

For example, the head of the entertainment department is Wu Xiuyan, the person in charge of the Guro-gu hotel is Huang Chunzhi, and Kim Sung-hyun... all of them own shares in subsidiaries.

It is conceivable that for a long time after the group's establishment, there will be no shortage of internal struggles.

To be honest, Ding Xin brought Hong Cheying with him throughout the entire process of distributing the shares.

If it weren't for this top-notch lawyer, Ding Xin would have been completely disoriented long ago.

South Korean conglomerates are complex, especially between the group headquarters and its subsidiaries.

To avoid taxes, they often hold shares in each other.

Even now, Ding Xin still doesn't quite understand it.

But he didn't care anymore, as long as he knew he was the fourth largest shareholder of Kinmen Group.

To be honest, he was becoming more and more satisfied with the beautiful lawyer Hong Che-young, putting aside her initial naivety.

Their business skills are truly outstanding.

It's important to understand that when the equity of the assets was being negotiated, it wasn't just a clash between the leaders of the four major gangs, but also a clash between their respective lawyers.

On Ding Xin's side, Youxiang Law Firm dispatched an entire elite team, led by Hong Cheying, to track him throughout the process.

Despite her young age, she is incredibly efficient and decisive when it comes to business.

This left a group of seasoned lawyers speechless.

Originally, Ding Xin's group shares were only worth eight percent, but she managed to negotiate that to nine percent, with reason and evidence that made her convincing!

It's worth noting that although the Kinmen Group is a newly established company, its estimated market value is around five trillion won.

That is, five billion US dollars.

One dot represents an extra fifty million dollars earned out of thin air.

Moreover, there are long-term dividends in the future and further enhanced say in the company.

Overjoyed, Ding Xin immediately wrote her a check for 100 million Korean won as a team bonus.

It wasn't that Ding Xin was stingy, but he was afraid that if he gave her too much, she would become arrogant.

In addition, the group headquarters has reserved 20% of the original equity.

This portion of the equity is unregistered, and in a sense, it can be considered an emergency reserve for risk aversion.

I know everything!

Of course, how to use these shares must be discussed and agreed upon by all senior executives at the executive director level and above.

Everything is ready.

Next, a grand press conference will be held to declare to the entire South Korean nation...

Kinmen Group is established!

Chapter 112 Press Conference

December 1st, morning.

Central District.

The entrance to a high-rise building in a bustling area.

Two rows of burly men were already standing on either side, each dressed in a sharp suit, smiling, and full of energy.

They were all gang members, gangster kids.

Today, the gold swirl badges pinned to their collars give them another identity—Kinmen employees!

Starting at nine o'clock, several luxury cars would stop in front of them every now and then.

At these times, one of them would smile, quickly step forward, and enthusiastically guide each guest into the building.

...

At this moment, not far from the building.

A silver minivan was parked quietly in the square.

"Damn, these black bastards actually look quite convincing in formal attire..."

The speaker was a man in the car holding a telephoto camera; though he was complaining, a hint of envy flickered in his eyes...

"Alright, that's enough. Hurry up and take the pictures. Section Chief Jiang has repeatedly instructed us to record all the guests who came to the meeting!"

"I know, I know, I've been filming the whole time..."

...

Nine-thirty.

As soon as Ding Xin's car came to a stop at the entrance of the building, an employee jogged up to greet him.

He bent down and gently opened the car door.

After Ding Xin got out of the car, the burly men on both sides of the door immediately bowed at a ninety-degree angle.

He respectfully called out, "Executive Director Ding!!"

The sound was clear and loud, attracting the attention of guests who hadn't yet gone inside.

Ding Xin nodded slightly, which was his way of responding to them.

He then led Wu Xiuyan and the others into the building.

...

Did you take a picture of that just now?

"Hey, patted him on the shoulder, damn it, this young gang leader's got quite the entourage..."

...

As soon as Ding Xin entered the room, he saw Ding Qing chatting with a guest by the elevator.