148 Preparation for M&A (3) – PART 1

Gun-Ho decided to meet the Mulpasaneop's creditors who were not a financial institution but vendors or subcontractors. He selected five of them that had the highest amount of money to receive from Mulpasaneop. The total amount of debt owed to these five creditors accounted for over 50% of the company's total debt.

"Two of them are vendors just like YS Tech and the other three companies are suppliers of raw materials."

Gun-Ho smiled at the fact that YS Tech was not one of the top five Mulpasaneop's creditors.

"I guess the Mulpasaneop's president paid YS Tech on time mostly since YS Tech's president is his brother-in-law. Mulpasaneop currently owed YS Tech only 300 million won."

Gun-Ho decided to meet with these three raw material suppliers first.

"This supplier is a huge company. Its president probably won't want to meet a person like me. I guess I'd better contact a person in an executive or management level."

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