Chapter 771 - Fulfilling Preliminary Examination Requirement to Go Public (3) – Part 2
Gun-Ho and Mr. Adam Castler had several pieces of rice cakes and fruits with a glass of soju before leaving the funeral.
Mr. Castler said with a smile, “Visiting a Korean funeral is doable. It was not difficult at all.”
“Really? Dyeon Korea has a lot of employees now. You will encounter an occasion like this from time to time in the future. You can do the same thing then as you did today.”
“Thank you, sir,” Mr. Adam Castler said in Korean.
“You are learning the Korean language, huh? I guess you can live in Korea forever and start your family here.”
“Haha, Thank you, sir.”
Gun-Ho said as he extended his hand to Mr. Adam Castler for a bye-bye handshake, “I guess I’m leaving for today. I’m heading home to Seoul now.”
“I will make a report to the head office about the 600,000 shares that we will offer to the public as we register with KOSDAQ.”
“Sounds good.”
“I have one question for you before you go, sir. Once we issue the 600,000 additional shares, the price per share will be determined then?”
“That’s correct. We are going to give a presentation to institutional investors about our business and plan. We are currently preparing for the presentation. You are aware of it, aren’t you?”
“Do I have to attend the presentation?”
“You don’t have to, but it’s preferable that you would be there. I actually want you to be there, so it’s clear for the investors that Dyeon Korea is a joint venture company with an American company.”
“No problem, sir.”
It was Tuesday. Gun-Ho went to work in GH Building, Sinsa Town. Gun-Ho turned on his computer and checked his email. There was a new email from President Baogang Chen of Huanle Shiji Production Company in China.
“I almost deleted his email. I thought it was a spam email. Let me see what he wants from me this time.”
“Mori Aikko sometimes asks me when you are coming to Shanghai, sir.”
“Hmm, I see. I will try to make the time for the trip.”
After talking on the phone with Director Woon-Hak Sim at the rooftop, Gun-Ho came down back to his office. As soon as he entered his office, his phone started ringing again. It was from Mr. Adam Castler.
“Oh, Mr. Vice President Adam Castler.”
“I will let Assistant Manager Myeong-Joon Chae talk to you, sir.”
Assistant Manager Chae said, “Lymondell Dyeon agreed to increase the company shares by 30% to offer them to the public, as you suggested, sir.”
“Hmm, really? Okay. Please tell Mr. Adam Castler that I said okay.”
“Yes, sir.”
Gun-Ho made a call to Dyeon Korea’s internal auditor.
“It’s Gun-Ho Goo.”
“Yes, sir.”
“You have the company’s registered stamp with you, don’t you?”
“Yes, I have it right with me.”
“Please fill out the report form on the marketable securities to file with the Financial Supervisory Service. Lymondell Dyeon agreed to the amount that we talked about yesterday.”
“Oh, that’s good, sir.”
“You don’t have to attach this year’s semiannual financial statements to the submitting documents, but take the last year’s financial statements.”
“Yes, sir.”
“The total amount of our initial public offering shares is 6 billion won.”
“Yes, sir. I’m aware of it.”
“Put your name where you put the name of the person who is in charge of the form submission, Mr. Internal Auditor.”
“Oh, my name, sir? Oh, okay.”
“Have we completed the documents for the IR presentation?”
“Yes, sir. We are ready to give the IR presentation for institutional investors. Accounting Manager Myeong-Sook Jo and Assistant Manager Il-Gi Seong did a great job.”
“Please praise them for their effort and work, and buy them dinner or something.”
“Yes, sir.”
“And, make sure that Ms. Accounting Manager Myeong-Sook Jo and Mr. Assistant Manager Il-Gi Seong attend the presentation. Also, have Mr. Vice President Adam Castler be there too.”
“Yes, sir, I will do that. I have one thing that I want to make sure with you, sir. When we offer our shares to the public for the first time, we don’t offer any shares that we already have, do we?”
“It’s a joint venture company. I don’t think either partner wants to sell their shares at this moment. If I don’t sell my portion, Lymodell Dyeon won’t sell theirs either.”
“Understood, sir. Then, we will offer only 600,000 new shares to the public for now. What if they request to split the share into two, so the price per share is 5,000 won instead of 10,000 won?”
“Well, they might ask for it given the available stocks to trade in the market. But, we will firmly proceed as we planned for now.”
“Understood, sir.”