The battle in the digital world is silent, and the changes in those indices and trend charts can only be understood by insiders, ordinary onlookers can only discover the danger after some people who have entered the game go bankrupt, and the management of Pantai who is in the bureau itself and watches the continuous operation of this meat grinder can intuitively feel its thrilling.

On July 22, J.H. teared apart Pan-Thai's advance preparations, believing that it could support the defense line for a few days, and the management had to urgently summon SKT to enter the guard.

However, SKT's entry did not gain an overwhelming advantage as expected, and J.H's first round of sniping in the secondary market gathered an unimaginably large amount of power. Originally, the introduction of SKT should have opened up the financial advantage, but after a few days, there was no trace, but as time passed, J.H, who had no scruples, seized the weakness of SK Group's dare not let Pan-Thai delist and carried out suicide attacks.

Since July 23, J.H has been using a short and concise way to reshuffle the market, and the crisis of trust in the mobile terminal manufacturing industry in the electronic sector has created good conditions for J.H's actions, supplemented by J.H's abundant funds, even if SK tries its best to save, there are still many retail investors and small investors who are panicked out.

Ahn Jun Hyuk's previous strategy led to his entry into Pan Thailand, as well as the analysis and reporting of the possible split of Pan Thailand, created sufficient conditions for diffusion, and now it has achieved miraculous results as soon as it is launched.

What makes Pantech's management feel sad is that the entry of SK has also contributed to J.H's suppression to a certain extent.

Because J.H's suppression and washing is not for the sake of pulling up in the future. It doesn't care about the loss of chips at all, let alone cheap holdings, or rather, Ahn Jun-hyuk didn't think about the pressure of holding costs at all, and he didn't think about using it to make a profit. His goal is just to wash away some people, attract others, keep Pan Thai shares in circulation, and then kidnap the entire market to add fuel to his destruction of Pan Thai through the low buy (dip buy) option of new entrants who are optimistic about investors in the long term - in order to avoid the destruction of J.H. in the cauldron, a large number of low selling caused Pan Thai to collapse. SK has had to play a pump-up role that can attract long-term investors.

It doesn't matter if that's all there is. But Ahn Joon-hyuk himself was the biggest bellwether of J.H's operation, and during the decisive battle, he frequently appeared on TV and gave media interviews. It is revealed all the time that he wants to join Fantai. A strong desire to get YMB. And the essence of this wish also clearly shows what will be the fate of Pan Thai if he becomes the master of Pan Tai.

This will undoubtedly lead to a significant loss of investor confidence. Some long-term investors were affected by this and had to temporarily choose a short-term route and throw it out when SK was high, but this performance made other speculators see the opportunity to make profits and quietly enter the market......

In this cycle, as the decisive battle progresses, the balance between low and high becomes more and more skewed, and when more and more those who are not determined are exiting, there are more and more speculators who are inclined to enter the market at a low level, and SK itself is unable to increase its holdings, coupled with the fanning of short speculation...... This pool of muddy waters, completely messed up the direction, continuous oscillation to exceed the psychological capacity of the trend of frequent appearance, to the 28th, Pan Thai for the first time to fall limit!

Also on this day, J.H announced the holding of the card.

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"J.H is the first to appear, following the turmoil in the secondary market of Pan-Thailand, he plans to increase his voting rights and shares!

"The JS decisive battle has entered a critical stage, and the oscillation of the secondary market for several days has paved the way for Ahn Junhyuk's acquisition to pave enough public opinion demand, and the third largest mobile phone manufacturer in China may be dismantled and sold in the future!"

Naver reported on the incident with an ingenious headline - "Who suffers from the competition between the giants?"

The author's article, signed by Hong Jian and August, begins with this article: "As many experts predicted before, the essence of the JS war, whether it is the initial litigation battle or the current series of battles around Pan-Thai, is started by the two giants J.H and SKT for the future layout of their digital entertainment industry, and now, this war has entered a critical stage, and it is also the most late stage, no matter from which point of view, the defeat of SKT seems to be a foregone conclusion......

“…… An economics professor once analyzed that Melon is an attempt by SKT, and it is also the core link of its future digital entertainment industry architecture, which determines whether it can participate in the future transformation of the digital service industry as an operator. But the advent of J.H stifled this attempt when it first received results...... From the 22nd, J.H announced the acquisition of Pan-Thai began, to yesterday to raise the card, in just a few days, following the Pan-Thai defense line after the rout, SK also silently tasted defeat for the first time, since J.H began to raise the card, it means that it lowered the price of Pan-Thai and cleared the acquisition obstacles The purpose of SK wants to stabilize Pan-Thai shares and increase J.H's acquisition cost obstacles, as a matter of course, it ended in failure......

"From this point of view, the loss may be SKT, after all, Ahn Joon-hyuk is likely to dismantle SKTT's Melon and YMB Seoul Records if he takes a stake in Pan-Tech, and as for the mobile phone business that has fallen into a crisis of confidence, it may be sold to Samsung or LG - According to reliable sources, the relevant person in charge of Samsung Electronics and LG Electronics has a great interest in the possibility of Ahn Junhyuk's move, and some industry insiders also said that whether Samsung or LG, if they get Pan-Tech's mobile phone business, it will inevitably greatly strengthen their strength, especially LG, which lost its second place under the expansion of Pan-Thai last year, and now, LG will probably be happy to buy its current biggest competitor......"

"But as far as we know, J.H's losses are also quite heavy, a J.H entertainment executive who did not want to be named said in a telephone interview yesterday that J.H has been implementing a suicidal strategy in the past few days, burning nearly 80 billion won in a few days, and now holding up the card, according to the market value of Pan Thai, I am afraid that 150 billion won will be invested. The huge cash outlay, even J.H, who has a mysterious fund behind it, is very difficult. This news may cast a shadow over J.H's phased victory, but at the same time. It also seems to increase the possibility of Ahn Joon-hyuk splitting the pan-Thai from the side!"

"In our survey, I am afraid that the real losses are the shareholders of Pan Thai as many as hundreds of people, as well as the investors who entered the market during the JS decisive battle. According to the latest statistics, between the outbreak of the crisis of confidence and the 28th, the market value of PanThai shrank from 930 billion won to 410 billion won, of which at least 300 billion won of the market value evaporated under J.H's suicide attack - a shocking figure, they were all borne by shareholders and investors, J.H's takeover. It may be able to make up some of the losses for some shareholders. But the initiator has now become the savior, and I think it probably makes the feelings within Pantai very complicated!"

The article is right, when J.H announced the lifting of the card, the feelings within Pan Thai are indeed very complicated.

"I don't approve of management accepting J.H.'s takeover!"

Pan Tech Headquarters. An annual general meeting of shareholders under normal circumstances. Recently, it has been held frequently. The last meeting was held to elect a new board of supervisors, and the results were not long ago. The General Assembly had to be reconvened again.

The hall that served as the meeting hall had been filled with hundreds of seats, including the management, as well as representatives of various shareholders and shareholder groups, and there were more than a dozen representatives of major shareholders sitting around the circular conference table, one of whom had already stood up and shouted indignantly: "The crisis of confidence was concocted by Ahn Junhyuk, who has cut off our flesh, and now wants to pretend to be a good person and hand over an olive branch, everyone, who knows if there is poison on that olive in Langdao? For such a despicable and shameless villain, I resolutely disagree with the compromise of the management!"

His words caused a commotion around.

However, compared to this person's righteous indignation, among the other dozen or so deputies, there are many people who are very calm, a young man wearing glasses, listening to the buzzing discussion around him, pulled the corners of his mouth noncommittally, and when the voice around him is weaker, he looked at the person who looked over, who seemed to be a little proud, and said in a calm tone: "What Representative Zou said is right, but Deputy Zou should not forget one question, we are businessmen!"

He spread his hands and looked around, in order to avoid the leakage of the content of the meeting, the floor-to-ceiling windows of the hall have been covered, and the change of the sky outside cannot be seen, but most of the time there are dark clouds shrouded, only this hall, the cold light on the top is sprinkled, but there is no gloomy feeling.

In that somewhat cold light, the faces of hundreds of people flashed in a hurry under his eyes, and a large number of thoughtful expressions, and even nodded lightly in agreement, were imprinted in his mind.

The young man remained silent and continued: "We must be responsible for ourselves and the many shareholders behind us, the crisis of trust has spread, and the attack of J.H has caused the company's market value to have evaporated by half, which also means that you have lost half of your assets in the company, and the top priority now is to avoid the loss from expanding again." No matter what J.H has done before, at least now it is willing to buy our shares that are about to be reduced to waste paper, and Representative Zou proposed that the management refuse to buy it, so can I think that you are trying to manipulate the management, kidnap all the shareholders, and make a profit for yourself?"

"Don't be alarmist there!" Representative Zou did not show weakness, frowned and refuted: "My rejection proposal is also based on the interests of all shareholders, compared to J.H, who has reversed his word, I hope that everyone can join forces to survive this difficult period together, and with the development of the company, the future is not impossible to ......."

Before he finished speaking, the young man smiled: "Isn't it impossible to appreciate in the future? ”

When the young man mentioned this, some people's faces suddenly changed, which reminded them of a crisis of confidence.

The first old man at the conference table snorted coldly: "Yes, don't talk about the future, you used to talk about the future every day, what was the result? If it weren't for the disclosure by outsiders, I wouldn't even know that you have been fooling us with fake financial reports, and you have not reported the specific situation to the new board of supervisors until now!"

With the old man's sneer, more questioning, sneering, and mocking voices gradually came.

"Hehe, what Representative Zhou said is right, everyone is an adult, so stop drawing a cake for us to watch and fill our hunger, and play with us as children. ”

"When Deputy Zou said this, he should first show us the report. ”

The resentment of the crisis of confidence is not only in the stock market, Fantai has previously fought fiercely with the management because of false financial reports, and now under the inducement of young people, this temporarily suppressed dissatisfaction has once again shown its power.

Deputy Zou looked at his surroundings a little dazed and a little angry, as well as the cold and impatient expressions of the small shareholders around him, and for a while he was annoyed and cold.

He subconsciously looked at the head of the conference table, where, as the representative of the major shareholder of Pan-Tai, Cui Yongheng sat expressionlessly, like a stone carved wooden tire, ignoring the doubts around him.

Originally, the most resolute force against J.H. was also performed, which obviously made Zou deputy's disheartened, and in the following meeting, he did not say a word, and in the afternoon, the meeting still did not discuss any unanimous intentions, and broke up unhappily.

When he came out of the Pantai headquarters, Cui Yongheng, who had a numb expression, ignored those who wanted to come over or contact people to inquire about intentions, and sat in the car silently, until the window was closed, and his round face suddenly became gloomy.

How could he be so calm, with his usual temper, it is strange that he should not slap the face of those guys who support the acceptance of J.H's acquisition.

But he was not allowed to do that!

"This time to go to Pan Thai on behalf of SK, you only need to take a slap in the face, don't say anything superfluous, let them fight for themselves!"

Thinking that when he came, his father said what he had told, and Cui Yongheng was puzzled for a while.

Since Ahn Joon-hyuk has been standing still before the decisive battle, his father has become abnormal, and in the face of every move of J.H, it seems that there is a lot to think about, and he rarely asks about the JS decisive battle again.

It was also Chey Tae-won's relatively negative attitude that caused SKT to raise funds without the full cooperation of SK Group, and the off-market advantages were not fully utilized.

Otherwise, during the decisive battle, SK only needs to rely on its relationship with the securities regulator, activities, send a few investigation notices to J.H Company, and then contact the media to hype, how can it not be as passive as it is now!

Cui Yongheng is not an idiot who does not learn and has no skills, he grew up in the Cui family, which also determines that he cannot understand nothing.

But some problems are not so simple......

When the Pan-Thai meeting ended, in the villa of Walkerhill, the news had been received that Choi Tae-won, who had not reached an intention in the Pan-Thai Channel, stood in the courtyard of the villa, looking at the other side of the park, bathed in the evening haze and sun, like a gray rushing river, and muttered for a long time.

It wasn't until a gust of river wind blew that he sighed softly.

"One wrong step, one wrong step!"

Muttering, he turned his head and instructed the secretary standing respectfully behind him, "Reply over there, I agree to meet!" (to be continued......)