The Wife Is A Superstar 3

Chapter 401 - Not An Enemy

Days later, the entire Kim clan learned that Jennie successfully bought 5% shares of Kim Industries. Now she was an official shareholder at the company with the right to vote during meetings.

Although her shares might not seem much, she was actually the second biggest shareholder from the Kim family after her father. Jihoon was the majority shareholder, owning more than 50%.

Before Jennie's purchase, Jufang and Meng were the next biggest shareholders after Jihoon. The two elders each owned 3% shares of the company. This was one of the reasons why the two of them became the most powerful elders in the Kim clan.

Of course, they tried acquiring more but just 1% was already expensive on its own. The 3% each that they acquired were something their branch families saved up for many years.

For a long time, the main family owned 100% of the company. Despite this, they still shared the wealth to the other branch families so that the entire clan could prosper together. It was only when Jihoon expanded the family business into the shipping industry that shares were made available for purchase in order to fund the massive expansion.

That time, nobody among the branch families could afford to buy any shares. So they could only watch wealthy outsiders buy the available shares. Actually, only the branch families saw these first shareholders as outsiders.

To Jihoon, these shareholders were his business partners in making Kim Industries a truly international company. Most of them held executive positions in the company just like him. For example, the COO was also a shareholder and a friend to Jihoon.

It was only later when the elders Jufang and Meng had saved enough that they were able to buy some shares from the minor shareholders who were willing to sell. Unfortunately, they could only afford 3% each.

That was why the entire Kim clan went into uproar when they learned that Jennie acquired 5% shares. FIVE PERCENT!!! How much was that?!

The elders and the other relatives immediately headed to the Kim ancestral residence. Jufang and Meng led them to seek an audience with Jihoon.

It wasn't only them. Donghwi also coincidentally came at the same time to talk to his father about it. He was the only other member of the main family besides Jihoon (and now Jennie) who owned shares of Kim Industries.

He owned 2.5% shares. His mother's family financed the 2% while he bought the 0.5% with his own money after he became the Deputy CFO. Of course it concerned him now that his youngest sister owned more shares than him when she wasn't even working in their family business.

Donghwi joined the elders and the other relatives. The old chamberlain led them to Jihoon's study.

It was interesting to note that these people formed their own separate groups while walking. Jufang had his own group, while Meng and her allies walked together with Donghwi.

As for the other elders and relatives, they either chose Jufang or Meng's groups or formed their own separate little groups. However, their little groups were not very impressive, unable to compare to the groups led by Jufang and Meng.

Later in the master study.

The husband and wife, Jihoon and Jia, sat together. Donghwi sat on a chair near his father, but he was clearly together with Meng and her allies. Jufang and his group sat on the other side. The other elders and relatives sat on the remaining available spots.

After the customary greetings, Jihoon asked them the purpose of their visit even though he already knew.

"Jihoon, did you give your daughter Ruby the 5% shares?" Jufang asked directly, not skirting around the topic.