The Youngest Son of Sunyang - Chapter 167 Independence

“10%?”

“Yes, Vice Chairman. Jin Do-jun has succeeded the four main subsidiaries and six affiliates. Ownership shares are held by Sunyang Life.”

Vice Chairman Jin Yeong-gi heaved a sigh of relief.

“I’ve prepared the ownership details accurately. Please review it.”

Jin Yeong-gi swiftly picked up a few documents that the polite secretary handed over.

Jin Yeong-gi: 36%

Jin Dong-ki: 33%

Miracle: 16%

Jin Do-Jun: 10%

“The remaining 5% is held by executives?”

“Yes. There are 34 of them. Twenty-one are retired, and thirteen are currently active. The detailed list is in the back.”

Vice Chairman Jin Yeong-gi skimmed through the list and furrowed his brow.

“All these people… they are all Father’s subordinates.”

“Yes. Only Chairman can retrieve those shares, but it was divided to recognize their merits, so he probably won’t attempt to reclaim them.”

“Let’s not contact these people right away… No, let’s observe them more. If we rush in, Father might hear about it. That’s right. You still have time, so you can move slowly.”

The secretary looked relieved, watching Jin Yeong-gi’s unhurried demeanor. It was the incident from yesterday. Trying to contact the executives holding 5% of the shares right now will immediately reach Chairman Jin’s ears.

Isn’t it obvious that they will be heavily scolded by that ignorant man?

“Keep a close eye on their movements. Add more people if necessary, and report on everyone they meet.”

“Yes, Vice Chairman.”

Jin Yeong-gi thought of Jin Do-Jun’s face. There was no need to snatch the shares held by that little kid. He just needed to turn him into his loyal dog. A dog grows through its owner’s love.

In the future, he would always show the image of a kind uncle and patiently turn him into his person. There was no need to rush since there was nothing he could do with a 10% stake.

“What I need isn’t an obvious ownership structure. How many times have I told you? Is this all the Sunyang Group shares we have?”

Vice Chairman Jin Dong-ki shouted as he grabbed the document handed by the head of the secretary’s office.

“Identify all external organizations and individuals who can influence the group. Don’t you know that if they come together, anyone with the surname Jin in the Sunyang Group will be completely ousted?”

“Vice, Vice Chairman, that’s…”

The head of the secretary’s office had to accept Vice Chairman Jin Dong-ki’s forced agitation. After all, these shareholders were not shareholders who exercised voting rights. Banks, financial institutions, and public agencies that held a substantial amount of shares in major subsidiaries of the Sunyang Group showed little interest in corporate governance. Their ownership of Sunyang Group shares was not acquired to influence corporate governance, but rather as part of their portfolio diversification, no different from bank deposits.

The same was true for individual shareholders. Especially those who had held shares for a long time considered them as part of their wealth and had never exercised their voting rights to participate in management.

The only variables now were the shares held by executives, Miracle, and Jin Do-Jun.

“Why? Are you trying to make it sound like it’s impossible to figure out?”

“No, no.”

“Listen carefully. There are clearly shares hidden under various names. You still don’t know my father?”

Jin Dong-ki gave the secretary’s office chief a menacing look, but his gaze was actually directed toward his own father. Chairman Jin’s ambition for power far exceeded what ordinary people could dream of. He was not the kind of person who would relinquish that power until the last breath of his life. It was certain that he would not have let go of the final handful that could deliver a fatal blow. He had hidden that handful of shares through institutions and individuals.

“Vice Chairman, to be honest, these institutions will follow Chairman’s intentions, at least for now. But they are like ghosts in detecting the shifting of power. As you gain more power, they will naturally support you.”

Jin Dong-ki, seeing the animated secretary’s office chief receiving his intense gaze without flinching, tried to calm himself down.

“Thank you.”

“I apologize.”

The secretary’s office chief felt the sincerity behind Vice Chairman Jin Dong-ki’s few words.

“But we still need to investigate individual shareholders, right?”

“Yes. We will definitely investigate the list of long-term shareholders.”

“Yes. Oh, by the way, there must be individuals hidden under different names. I mean, people whose whereabouts are hard to find, such as…”

“Residents with unknown addresses, immigrants, long-term foreign residents, we will focus on investigating them.”

“Very well. Be sure to find them.”

“Yes. And Vice Chairman, wouldn’t it be a good idea to have some security measures in place, at least?”

“Security measures?”

“Yes. I’m talking about your nephew, Jin Do-Jun, and Miracle. In my opinion, the key connection between these two shareholders is your younger brother, President Jin Yoon-gi. As long as you maintain a good relationship with him…”

“53%! I own the Sunyang Group.”

“That’s correct. It’s not an exaggeration to say that the direction of the group is held by President Jin Yoon-gi.”

“I can’t entrust it to someone else, can I? Let’s mobilize the funds from my companies to buy up scattered shares in the market and see how much we can secure.”

“Understood.”

As the chief of the secretary’s office bowed and left, Jin Dong-ki picked up the telephone.

First, he needed to investigate his younger brother’s intentions.

Director Jin Sang-gi chain-smoked his cigarettes.

He was the third son of Chairman Jin Yang-cheol. If he had been given a few underperforming subsidiaries, he might not have felt this level of humiliation.

Especially considering that he hadn’t done anything wrong or been in an accident.

Just look at his own children; they are more well-behaved than anyone in this household. They wouldn’t even think about drunk driving.

He thoroughly excluded himself from the situation and started to shed his childish demeanor as his nephew was now granted control over four major subsidiaries.

Strangely enough, his anger was not directed at his nephew or his father. Jin Sang-gi’s anger was aimed at his elder brother, Jin Yeong-gi.

“Damn, I’ve been a henchman for too long.”