Perfect World [EN]: Chapter 320

322

“Anyway, you’ve made a lot of money, so now you need to get body modification surgery.”

Lexter paused at Bum-suk’s question. He knew he needed to get it too, but the problem was time. Managing his team, maintaining connections with the Federal Police Agency, and the recent clash with the Black Society… He had been incredibly busy lately.

“Yeah, I need to… but I don’t have time. I think I’ll have some free time when the Black Society thing is over.”

“Hahaha. I’ll have to subdue the Black Society quickly for you, Chief.”

“Yeah. Please do. I’m dying from being so busy.”

“Hehe. Don’t worry. I’m going to slowly tighten the noose around the Black Society from now on.”

Gloria, who had been listening to their conversation with a faint smile, picked up her teacup, took a sip, and then opened her mouth.

“By the way, Bum-suk, why did you ask us to gather here today?”

“Actually, I have a few requests.”

She quietly placed the cup on the saucer and looked at Bum-suk.

“What kind of requests?”

“First, it’s about the White Angel Fund.”

Bum-suk began to explain the financial situation of the White Angel Fund.

The total operating funds of the White Angel Fund were currently a substantial 8.8 billion Krang [fictional currency]. However, despite being called White Angel, the actual funds were divided among several shell company accounts. This was to delay the Black Society’s tracking of the funds as much as possible.

Fortunately, this strategy was successful, and they believed the White Angel Fund was funded by an economic group from Vermillion. This was because the first place this fund was used was in the attack on Mayling Pharmaceuticals, and the central figure at the time was Filer, the son of the chairman of Vermillion.

However, this time, the funds were to be used for the Leppard Project. If this operation was successful, the Black Society would suspect that the White Angel funds belonged to them, not Vermillion.

“Hmm. So you want the White Angel Fund to continue to be recognized as the funds of the economic group?”

“Yes, that’s right. So, I recently moved the funds to an arbitrary account at a general securities firm and bought up shares of the Leppard Project. I hope you understand.”

Everyone nodded as if it didn’t matter. After all, the funds of the White Angel Fund were to be continuously circulated to avoid the Black Society’s tracking. It was already agreed upon from the beginning, so there was nothing new to be surprised about.

“Yes, I understand. What’s next?”

“I want you to use all the funds earned in the process of preparing Leppard Project for listing for this project.”

“Why? Is the White Angel Fund not enough?”

“Yes, that’s right.”

The White Angel Fund recently used 4.565 billion Krang to buy 25% of the shares issued when Leppard Project was listed. As a result, the funds currently available for operation are about 4.2 billion Krang. With this money, it was impossible to properly respond to the Black Society’s stake attack on Leppard Project.

“Why is it impossible to respond? Our Ilsimhoe’s [organization name] stake is about 50%, and the White Angel Fund has 25%. The remaining 25% is also close to our friendly stake. No matter how you look at it, I think we have completely blocked the Black Society’s attack on Leppard Project.”

“That’s the problem. In the current situation, the Black Society can’t even think of touching Leppard Project. The story won’t progress that way.”

“What story?”

“The story of us taking the Black Society’s money. I’m planning to induce a stake war and absorb their funds.”

Bum-suk’s plan was this. When Leppard Project was listed, the only shares that could be released on the market were 25% at best. This was about 5.5 million shares, and with this amount, the Black Society couldn’t dare to think of waging a stake war. So, the only way was to reduce their stake and increase the number of shares circulating on the market.

“How much are you thinking of reducing it to?”

“Well, I’m thinking of reducing it to about 25%.”

Gloria’s eyes widened. If that happened, the stake circulating on the market would be 50%.

“Wouldn’t that be dangerous?”

“Not really. The White Angel Fund has a 25% stake. And the White Angel Fund will take most of the shares released in the beginning.”

“But what if the Black Society buys them then?”

“That won’t happen. We will execute buy and sell orders in the simultaneous auction, and they won’t attack in the early stages of the listing. Knowing that it won’t work, would the Black Society rush in?”

“Hmm, I see. But with 25% of the shares, wouldn’t we be able to buy most of them with the remaining funds?”

“Of course, that’s right. But if we release the shares recklessly, they might suspect something. If Rainbow Group and LKS Broadcasting maintain their existing 50% or more stake, but only Leppard Project drastically reduces its stake, they will look at it strangely.”

There were parts that made sense, but there were also parts that didn’t. If they put the money from selling their stake back into the White Angel Fund, he didn’t understand why they needed the existing funds.

“But then we don’t need the existing funds, do we? We can just put the money from selling the shares back in.”

“That’s true, but it’s necessary to throw another bait.”

“Bait?”

“If you sell shares, there must be a reason. If you sell shares for no reason, the Black Society will look at it with suspicion.”

“I guess that’s true. So what are you planning to do?”

Bum-suk took out his electronic notepad and displayed the electronic document screen in front of everyone. It contained detailed information about Mavs, which would be the target of the declaration of war against the Black Society.

“We will also carry out the attack on Mavs at the same time. Then the Black Society will think that we sold the shares of Leppard Project, Rainbow Group, and LKS for this M&A [mergers and acquisitions]. At this time, the Black Society’s choice is obvious. It’s an attack on Leppard Project, where our stake has been reduced to 25%.”

“But they might attack our Rainbow Group or Natalie’s LKS Broadcasting.”

“There’s almost no chance of that. The Black Society has to keep the promise of Meyer, the honorary chairman of the Hyena Group.”

Gloria nodded as if it was a convincing answer. The Black Society’s main goal now was the conflict between the economic group and Ilsimhoe. To do that, the necessary preliminary work was to put Leppard Project in Meyer’s hands. No matter how you looked at it, their attack route was obvious.

And it didn’t matter if Rainbow Group or LKS Broadcasting were attacked. There would be changes from the outside, but these companies were also maintaining safe stakes. In other words, even if the Black Society attacked, a complete defense of management rights was possible, so there was no need to worry.

One problem was that the attacking forces on LKS were not limited to the Black Society. The Hyena Group might participate in the stake war due to the urging of Honorary Chairman Meyer.

“But the Hyena Group might get involved in this M&A attempt. Then we would be taking money from our allies.”

“The Hyena Group will never get involved in this operation.”

“Why?”

“The Dark Hyenas team will try to recruit gladiators on a large scale as they are promoted to the World League this time. The Hyena Group headquarters will probably be short of funds, so the Black Society will be in charge of most of the attack on Leppard Project. Julian promised to make it that way.”

“That’s a relief then. Do you have any other requests?”

Since all the preliminary work had already been completed, there was no need to worry about the stake war of Leppard Project. From now on, the M&A of Mavs would be the main focus.

The Rainbow Group’s absorption of Mavs was Ilsimhoe’s declaration of war against the Black Society, so it was necessary to work carefully. If they failed, they would become a laughing stock.

“First, Gloria, Leppard, Chief, Natalie, and Karen, all open stock accounts at LHN Financial Group and put money in them. Then Aula will start the attack on Mavs on her own.”

Everyone nodded. The attack on Mavs had been foreshadowed for a long time, so they were prepared.

Bum-suk paid special attention to Gloria. There was additional work to be done using the more than 10 billion Krang that Rainbow currently held.

“In particular, Gloria, open an LHN stock account in the company’s name and put money in it whenever Aula wants it. She will probably use that money to buy the shares of Mavs held by institutions.”

“Yes, I understand.”

Bum-suk looked at Natalie this time.

“Natalie, I’ve already told Julian, so Mavs’s corruption will start to be exposed on MKKN’s local broadcasting station soon. I’ll let you know when, so immediately make it an issue on LKS Broadcasting as well.”

“Yes, I’ll take care of it for sure.”

Bum-suk nodded and immediately turned his gaze to Lexter. He would move the prosecution and the Federal Financial Supervisory Service through Filer and Aula, but mobilizing the police force would also be helpful.

“And Chief, I’ll let you know about Mavs’s corruption, so can you mobilize investigators to search Mavs’s office right before the news breaks?”

“Of course. If there’s evidence, where can’t I send the police force? I’ll turn their office into a mess, so don’t worry.”

“Hehe, I understand. I’ll trust you with it.”

Bum-suk smiled and then straightened his expression again, casting a serious look at everyone.

“This is a declaration of all-out war against the Black Society. We must achieve a perfect victory and crush their arrogance. And a huge counterattack is expected afterward, so be prepared.”

“Okay, I understand.”

“Yes, I understand.”

Bum-suk, who had heard everyone’s answers, opened his mouth again.

“Also, don’t create any reason for the Black Society to find fault, and if a problem occurs, don’t worry alone and let me know immediately.”

“Okay.”

Bum-suk, who had heard Lexter’s answer, looked at him with a suspicious gaze. His behavior was a perfect example of a corrupt police officer.

“Actually, I’m most worried about Chief Lexter. I’m very worried because it seems like the Black Society’s attack will be concentrated on you.”

“What about me? I’m very clean.”

“Really?”

“Yes, I’ve never taken a bribe before. Don’t you know that I was almost a beggar when I was at the Avondale Police Station? And I’ve accumulated quite a bit of wealth since coming to the Federal Police Agency, so there’s no reason to take bribes.”

Before meeting Bum-suk, Lexter had been struggling to live in a rented room, and he didn’t even have his own flying car, so he often used the police station’s patrol car. Also, all he had in terms of assets was a savings account with hundreds of thousands of Krang deposited, and he was so frugal that he even volunteered to work as a security guard at the Rima Maine Stadium when a junior officer took a vacation to watch soccer for free. However, he sometimes ignored administrative procedures to solve cases, but he was far from being a corrupt police officer.

“Hmm, really? Then I’ll rest assured for now.”

“For now? Are you ignoring me now!”

“Hahaha, yes, I understand. I’ll definitely believe you.”

Bum-suk, who had calmed the situation and Lexter’s anger, smiled as he faced everyone. He really couldn’t have been more trustworthy. He thought that if it weren’t for the Ilsimhoe members gathered here, he wouldn’t have even dreamed of a war with the Black Society.

A few days later, investigators, instructed by Lexter, raided Mavs all at once with warrants and confiscated all documents. And, as if waiting for it, broadcasting stations, led by MKKN, widely informed viewers of this fact. Mavs was at best a local real estate company, so there were no issues that would heat up the world, but it was still enough to attract public attention.

This was because the data provided by Bum-suk to the media showed a black connection between Mavs and several Black Society companies, including Mayring Pharmaceuticals, which had broken out last spring. The Financial Supervisory Service, which had a fire on its feet, urgently dispatched an inspection team, and even the prosecution, which had received a request from the economic group, stepped in, and the situation rapidly deteriorated.

While the Black Society was having a difficult time, Bum-suk didn’t know what to do with joy. This was because Mavs’s stock price plummeted to 112 Krang per share. Thanks to this, Ilsimhoe was able to sweep up the shares on the market cheaply and increase its holdings.

But here, an interesting incident broke out. When the Financial Supervisory Service announced that Mavs met the requirements for delisting, institutions began to show secret movements to resolve the situation.

The total number of Mavs shares held by them was approximately 18 million shares. Based on the market price just before the corruption scandal broke out, it was a whopping 4.6 billion Krang. The institutions, which could not give up on this, showed movements to find a new owner to acquire Mavs as part of their self-rescue measures to avoid delisting.

Bum-suk, who heard this through Aula, immediately called. It was too easy to acquire Mavs if the institutions with 32% of the stake helped. At this time, Ilsimhoe had already swept up 24% of the shares on the market.

In the end, Bum-suk made a close negotiation with the institutions and promised them support at the upcoming extraordinary general meeting of shareholders on the condition that they would buy 11.2 million shares at 200 Krang per share. At 200 Krang, the institutions would only lose about 20% per share, so they had no choice but to be tempted. And if Rainbow Group, which has a solid financial power, absorbs Mavs, the original stock price will recover, so there will be no loss on the remaining shares.

============================ Author’s Notes ============================

Perhaps the latter half of Perfect World will be mostly gladiator matches. To do that, the war with the Black Society must end quickly. Since the organization is so vast, there are some difficult aspects. Fortunately, there have been many helpers, so it seems that it can be solved without difficulty.

Then everyone have a good day. I will see you again tomorrow.