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

What ordinary people see is only what the tycoons want them to see.

Just like a paradox about South Korean films in another time and space.

As we all know...

South Korean films are known for their daring subject matter!

Especially when it comes to movies about chaebols, there's all sorts of them!

But most of them have one thing in common...

Those are the tycoons, as despicable as can be, and also incredibly brain-dead; they generally don't end up with a good ending.

It can be described as a complete vilification!

But interestingly...

These movies were all produced by the chaebols themselves!

Isn't that strange?

Ding Xin's thoughts wandered far away, completely lost in their own world...

I savored it for a moment...

He forcibly pulled his wandering thoughts back.

After all, we're still discussing serious business!

The things Mu Xianmin mentioned earlier could only be taken as anecdotes; Ding Xin's focus was still on the issue of management rights that she had previously raised.

If the Chen family can do this, can't I do it too?

"Hyunmin..."

After pondering for a long time, Ding Xin asked what was on his mind: "If the Chen family can control the management of Shunyang Group in this way, can outsiders do the same?"

As soon as I finished speaking...

Mu Xianmin, however, showed an expression of "I knew it," gave Ding Xin a deep look, and then gently shook his head, saying, "Impossible!"

"Besides avoiding some inheritance tax and indirectly controlling the group's operations, cross-shareholding is also essentially a means of preventing hostile takeovers!"

"Ok?"

Feeling disappointed, Ding Xin pressed on, "What do you mean?"

He was indeed very puzzled.

As Mu Xianmin just said, all you really need to do is find out which subsidiaries own shares in the parent company, and then you can just acquire those subsidiaries directly.

It's not actually that complicated, so why bring up preventing hostile takeovers from outsiders?

"call--"

This time, Mu Xianmin did not rush to give an answer.

Maybe they were just tired of talking...

She gently licked her slightly dry lips, picked up the glass of red wine beside her, and took a sip to moisten her throat.

After a moment's thought, he slowly explained, "Actually, it's not that there's absolutely no possibility, but under normal circumstances, it's almost impossible for outsiders to do it!"

Sunyang Group is a super conglomerate that ranks among the top in South Korea. It is fundamentally different from ordinary small conglomerates. It has a large number of subsidiaries, with more than a dozen already listed on the stock exchange!

Including other small businesses scattered throughout, there are at least hundreds!

in other words...

Its shareholding structure is extremely complex; outsiders simply cannot understand it all!

"Shouldn't Shunyang Group's legal department be aware of this?"

Ding Xin rubbed his chin, starting to think crookedly: "Those operations involving equity transactions must go through the legal department. As long as we find a way to get information from them, right?"

"Unrealistic..."

Mu Xianmin shook his head again: "Shunyang Group's legal department is very large, divided into more than a dozen groups. Each group only deals with a part of the industry, and they must all abide by the principle of confidentiality..."

in other words...

Even if we wanted to win them over, it's impossible to recruit them all at once; that's unrealistic!

He paused...

She added, "Furthermore, even if you could completely understand the shareholding structure of Shunyang Group, it would be virtually impossible to seize control of its operations!"

"Why is this again?"

Ding Xin now seriously doubts whether this woman is underestimating him...

......

Chapter 561 A sudden inspiration

Mu Xianmin, unaware of Ding Xin's thoughts, continued to analyze the situation methodically, following his lead: "First of all..."

Currently, the businesses under the Shunyang Group are mostly high-quality assets...

In the external market, demand far exceeds supply!

Even the occasional small shares that are released are quickly snapped up and held by people for the long term...

If you want to buy it, you can only do so slowly and gradually, at a premium!

Secondly...

Even if a major shareholder wants to cash out...

Think about it...

How much capital do you need to acquire shares that grant you management rights?

Do you know what an astronomical figure that is?

In conclusion...

Mu Xianmin's words carried a hint of earnest advice.

Although she admired the man's ambition, she didn't want him to be too unrealistic and waste his time.

Shunyang Group is simply too large. If one wants to completely control it and obtain the management rights of Shunyang Group, then one must at least acquire shares similar to those of the current chairman, Chen Yongji.

That is to say...

It is necessary to be able to control at least 14 percent of the shares of the entire Shunyang Group.

Based on the current market value of Sunyang Group at nearly 600 trillion won, Ding Xin obviously needs 84 trillion won in funding.

Even if we take a step back and say...

Even if Ding Xin could accurately locate the second-tier subsidiaries of Shunyang Commodities, the parent company of the holding group.

He would need sufficient funds to acquire at least 30% of the equity in those second-tier subsidiaries in order to gain control over them.

This way, they could barely obtain the operating rights of Shunyang Group.

However, the required funds will not be less than 30 trillion won, and there is no guarantee of insurance coverage.

What does 30 megabytes mean?

Even if Mu Xianmin thought that Ding Xin was incredibly capable, ambitious, and outstanding, it was impossible for him to accumulate such a large fortune in just over two years.

To know...

The entire Kinmen Group is currently valued at less than 15 trillion won!

To say that Ding Xin's current net worth is higher than the entire Kinmen Group...

Mu Xianmin definitely didn't believe it!

According to her estimate, Ding Xin's current net worth is probably around 3.4 trillion won, and that's an overestimation!

However...

After hearing her words, Ding Xin merely pursed his lips in a noncommittal manner.

Uncle Ding is very rich now, you know!

Leaving aside other matters...

There are nearly 20 trillion won in liquid funds lying in his bank account alone.

Think of this...

Ding Xin then began to secretly make plans.

The current market capitalization of the entire Sunyang Group is 600 trillion won...

All right...

Ding Xin had barely started when he realized he was getting a little cocky.

You think you can get the operating rights for this little bit of money...

That's really a bit unrealistic; there's a long way to go...