164 episodes. This is great if you dig it well.
exploration trip.
It wasn’t just walking around.
This was because most of the work could be done while moving as the era was the era.
Contacts related to work were mainly from Korea.
In Australia, Lina Danehart, Henry Bearfax, and Jonathan Denver each had their own responsibilities, so there was no need to take care of anything else.
The counterpart of the business in Korea was GL Group.
“Ko Sang-moo, how are you?”
He eventually accepted my offer.
-The rice cakes I sprinkled over a year ago did my job. I got a call from Abest to meet up.
“You’re such a slow guy. It’s only now that you’re getting an answer. Other places have already contacted you.”
– It must have taken a while because Abest is a very cautious person.
“When did you schedule the meeting?”
– It’s this Friday. Which country is Representative Jin in now?
“It’s in Mexico.”
-I heard you were in South America a while ago, but you’ve just moved up to Central America. Have you finished your schedule there?
“Yeah, I’ll go straight to Canada, see you there.”
I hung up and told Lucy.
“Tell the captain the next destination is Canada.”
“Yes, sir.”
Lucy immediately delivered the instructions through the intercom next to her.
Yes.
This was a private plane purchased for an expedition trip.
Although it is not a passenger plane like a P&B group, it is small.
“By the way, sir.”
“……?”
“Why do you go directly to Canada while leaving the rest to GL Group?”
“Because it’s Canada.”
“yes?”
“Canada is one of the countries where the world’s rich people want to live. The natural environment is good and the infrastructure is good as it is a developed country… Above all, inheritance tax is exempt, like Australia.”
The contracts taking place in Canada, including Abest, were, in a word, to create the Canadian property of President Chang Hak-jun.
Therefore, although the scale was larger than mines in other countries, there were many.
“Then the slush funds made through Canadian mines will go to the children of Korean VIPs.”
“Perhaps. The people in power don’t know anything else, but the love of children is great.”
So there must be a lot of military service corruption.
And I told Lucy that I was probably not familiar with it, but the name of the owner of the offshore company established in Canada was Jang Hyung-sik, which I checked through Lana recently.
Just like Jang Hak-jun’s son.
“It’s digging into the gap in loving children.”
This is great if you dig it well.
***
Canadian crude oil developer, Abest Corporation. (Avest Cooperation.)
CEO Ron Harris looked up to see Director Wilson, who had come to him.
He opened his mouth, narrowing his brow.
“Did you decide to meet the GL group?”
“We should meet. It’s going just as they said.”
“Wow, I don’t know if I’m playing with Asians like this.”
“What if I play? I’m on the verge of dying from debt.”
1 year ago,
He suddenly came to me saying that he was the successor of the Korean GL group.
He also said that within a year, a Korean state-owned company would try to take over Abest.
-They will ask for a rebate instead of offering a huge acquisition price.
– There is no place in the oil market that does not know the status of our company. But what about acquisitions? What nonsense?
-A billion dollars in debt? I know, but there’s a reason.
– Why?
– That way, Mr. Harris and other employees of Abest will listen well. In a way, isn’t this a God-given opportunity for you?
-under! I met him as a GL group… Get out of here! ‘Cause I don’t want to hear it anymore
– You may not believe it now, but then you will remember me.
Ron Harris was contacted by Korea National Oil Corporation 10 months after the meeting.
And surprisingly, they expressed their intention to acquire Abest Corporation.
As he was walking a tightrope on a $1 billion debt, of course, he had a meeting and was asked for a rebate, just like he did a year ago.
“The acquisition price offered by Korea National Oil Corporation was 1 billion dollars, wasn’t it?”
Ron Harris nodded in response to Wilson’s question.
“That’s right. It’s a condition that even the fan sits on top.”
“Crazy. We’re roughly $1 billion in assets, and we’re offering $1 billion of something we can get for free, minus our liabilities.”
“Perhaps they are trying to take over by matching the amount. Debt is obviously going to be covered by double books.”
“You’re blindfolded, aren’t you?”
“Probably they have no intention of normalizing Abest. They asked us to share $100 million of the $1 billion and transfer the remaining $900 million to their designated corporate account. As a rebate.”
“You’re going to spend $2 billion on a $900 million slush fund.”
“To be precise, the Korean government is spending $2 billion, and someone who made this plate will gulp the $900 million.”
“The corruption in Korea is amazing to say that almost half embezzle it.”
“There’s something even more amazing.”
Ron Harris tapped Koh Sang-moon’s business card placed on the table.
“I heard from Korea National Oil Corporation, but they said that the GL group was their advisor.”
“Advisory?”
“Yeah, we’re reviewing whether our company can make money or not. Hell, he approached me knowing in advance how the Korean government would move.”
“Even though it is a global company, did you know in advance of a project that the government is moving directly?”
“It’s one of them. Either the GL group has that much influence in Korean politics, or someone in the political world is looking into this acquisition through the GL group.”
“So that’s why you decided to meet me.”
“You will know the exact background only when you meet, so that you can make a decision that suits the situation.”
“I will go with you, on behalf of the board of directors.”
“Let’s do that. I can’t handle this case alone. The board of directors must also agree.”
The two could not erase the thought that their lives were at stake as well as the fortunes of the company.
***
Koh Sang-moon greeted the two with Kang Jun-ho.
They were Ron Harris, President of Abest Corporation, and Wilson Director.
“This is Ko Sang-moon, it’s been a year since I’ve seen you.”
“It’s been a while, Mr. Go.”
They greeted each other and faced each other with a table in between.
“I heard from Mr. Choi of the Korea National Oil Corporation that he was doing a live-action shoot.”
“Yes, we will review it based on the economic report prepared by Zhao Private Equity Fund.”
“You haven’t answered the takeover offer yet, are you saying you’re reviewing the due diligence?”
“You have no choice but to accept it.”
“……!”
“It’s been a year, but the debt of $1 billion is the same. I would like to compliment you for making a good move in the face of falling international oil prices, but I won’t say anything else anymore because the situation is the situation.”
Ron Harris wet his dry lips with the coffee in front of him.
“What do you want?”
“There is only one thing you want from your company. To sell Abest Corporation at a good price is one thing.”
In response to Koh Sang-mun, Ron Harris asked what he was curious about.
“Who’s behind you?”
“Why are you asking such a question?”
“Before I came here, I thought of two cases. One, if the GL group had foreseen the current situation a year ago, I saw that they approached me in order to accurately understand the actual situation of Abest Corporation and buy it at a reasonable price. The problem we have is It’s not just debt, but you said that you want to sell it before you know what it is.”
“So it’s not the former. I’m assuming the other one is behind me?”
“I think it’s the static of those who run Korea National Oil Corporation, isn’t it?”
“Hahaha, you might think so.”
A battlefield where the big players in the political world fight over slush funds.
It is a plausible picture for a third person to see.
“If not, what does it mean to sell well at a good price?”
“Literally sell for a good price, not just a billion dollars.”
“……”
“Of course, it also means that the boss and the board don’t want to receive 100 million dollars.”
“……!”
“Ah, this was top secret. But we know the exact number of 100 million dollars, which is just advice. Hahaha.”
At Koh Sang-moon’s generosity, Ron Harris had a chill down his spine.
It was a threatening statement that if he agreed to the acquisition contract and received $100 million, he could be held legally liable in the future.
“Isn’t it better to make a big hammock? 100 million dollars is not a small amount of money, but it wouldn’t be much left to silence the boss, the board of directors, and the executives below.”
Wilson asked.
“If I hold your hand, do you mean that you will take care of the staff under us as well?”
“I’ll bring you $500 million. That’s enough to keep everyone who knows about it silent.”
“Five times…”
“With that money, it would be possible to set up a small company with all the lines above, and it would be easy to change jobs as a team below.
“……”
“This is the difference in experience. State-owned enterprises have no experience in rolling the floor themselves.”
The emphasis on experience was referring to details other than just money.
There are a number of issues that arise during mergers and acquisitions.
“Can we make sure we don’t get entangled in Korea’s corruption issues?”
“Of course. Your company was selling well at a good price, but who would say anything?”
“Then tell me what you’re going to do with the rest of the sale, except for $500 million.”
“You can send it to a corporate account in Canada.”
“So it is.”
Leaving a flow of funds in the account could serve as evidence in the event of a problem later.
Ron Harris didn’t want to leave any traces of lawlessness.
“It’s not the same. It’s not a paper company like the one over there, but a corporation that Mr. Harris knows.”
“How are you?”
“This is Canada Blue Capital.”
“Are you doing laundry there? Hehe, this is the GL group’s talent. Blue Capital is not an easy place to use.”
Blue Capital, a notorious private equity fund called a corporate funeral director.
They had a knack for money laundering as they had a huge amount of money to manage.
“So you can trust it. Don’t worry Mr. Harris will invest the money in Blue Capital and it will be treated as a loss in the fund.”
“Okay. Obviously, the experiences are different. But how are you going to proceed with the plate? The Korea National Oil Corporation thought it was going to fit the assets perfectly.”
“We’ll work on that, so you just need to know that and wait.”
Ron Harris shook his head and asked what he thought was most important.
“How are you going to ensure our safety?”
Koh Sang-moon laughed bitterly.
It was because he looked like a child who used to swarm even when he fed him.
“The amount I promised is 500 million dollars. Whether you are looking for a skilled bodyguard or a mercenary, what can’t you do with that money?”
“……”
Ron Harris and Wilson wrinkled their faces, but Koh Sang-moon didn’t mind and continued.
“If you can’t do that, just hold your hand over there.”
“What does it mean?”
“It doesn’t make much sense. The money that comes out of it doesn’t belong to our group anyway. Just to say that the $100 million that we know is not known anywhere else? It’s up to you to judge. Hahaha.”
It was a threatening remark, but Ron Harris didn’t care.
Because something more annoying had just happened before.
‘How can you expose information about rebates so easily, these assholes…’
And made a decision.
“I don’t know who’s making your company a cheater, but trust him.”
He decided that it would be safer to work with GL Group rather than Korea National Oil Corporation.
In a instinct.