Rebirth of the big era of online games

Chapter 314 JYP Equity Change
After careful weighing, Fang Jie reduced JYP's shares to 34%.

But at the same time, the shareholding ratio of SK and CJ Group has been restricted. The two companies can only hold a maximum of 24.5% of the shares, and if they want to increase capital and financing in the future, they must not exceed this ratio.

In the end, the two major chaebols in South Korea also compromised with Fang Jie because of some considerations of Huaguo's business interests. The two parties only won 24.5% of the shares and signed a restriction agreement.

Park Zhenrong and other small shareholders hold a total of 17% of the shares.

This is a very delicate ownership structure.

SK and CJ Group have a combined shareholding of only 49%. As a Korean capital party, the possibility of relatively holding JYP does not exist.

Moreover, these two chaebols do not deal with each other in South Korea. There are also many conflicts and struggles in holding companies in other fields. In South Korea, except for the Samsung Group, they will not give face to anyone.

The 17% of Park Zhenrong's party is not owned by Park Zhenrong alone. As long as any shareholder who holds more than 1% of the shares turns back, they will not be able to achieve a relative holding together with Li Qing's major shareholder.

South Korea's capital and Huaguo's capital combined can exceed 51%, but the possibility of the two parties joining forces to act in concert is almost impossible, because the two parties are not from the same country, and they will certainly not be of one mind.

The only one with a certain degree of dominance is Li Qing, who holds 34% of the shares, and has a veto power, but the right to speak is not absolute.

In this way, a balancing mechanism of mutual restraint is formed.

Under this mechanism, either everyone seizes power and ends up messing up the company, or they simply give up the initiative and focus on making money.

Obviously, peace makes money.

At least for now, everyone's goal is still the same - to make JYP bigger and stronger, and become a Korean entertainment company that even surpasses SM Entertainment and DSP Entertainment!
Well, at present, there are only the "big two" in the Korean entertainment industry. JYP Entertainment and YG Entertainment, the second of the top three in the future, are not yet qualified for the list.

In this equity change, Park Zhenrong, who was cheated by the capital, finally got some comfort. He is still the president (general manager) of JYP, and he has not been swept out by the capital.

SK and CJ Group promised that Park Jin Young will still lead the management of JYP in the future, and they will not interfere with the normal operation and management of the company under normal circumstances.

As for Li Qing, the president (chairman) of the company, Fang Jie made it clear that she stayed at JYP just to study on a temporary basis. Will not interfere with the day-to-day operations of the company.

Although Park Zhenrong doesn't believe in the integrity of these capitals at all, he also noticed that these people only promised to "not interfere under normal circumstances". As for what is a general situation, there is no precise definition, but facing these capitals, he can only hold The nose recognized it.

However, Park Zhenrong and other small shareholders have also received real benefits.

SK and CJ Group each contributed 118 billion won for this financing. In other words, the valuation of JYP by the two chaebols has directly increased from the US$200 million that Fang Jie invested in last year to US$4200 million!
This is almost the same as when MIH invested in Tencent.

Small and medium shareholders such as Park Zhenrong also received 150 billion won, while Fang Jie received 82 billion won.

This is just a game of capital operation, because the money is only the book value and has not been cashed out, and all the money has been invested in JYP in proportion.

Of course, if Park Zhenrong wants to cash out, other people will also be happy to see the success. Everyone still thinks that the shares in their hands are not enough, because everyone knows that JYP has such a strong capital and after the chaebols settle in, the future development will inevitably be limitless. Sell ​​the shares at the current valuation!

Of course, Park Zhenrong is not an idiot. He wants to make JYP stronger and bigger than other shareholders and those capitals. After all, this is the company he founded alone. He has feelings. Although he has completely lost his controlling interest, other shareholders actually do not have absolute controlling interest. Well, at least the current control of the company is still in his hands, and the middle and senior management also listen to him.

In short, this JYP equity change and financing are the product of mutual compromise and concessions. Although they did not achieve the most satisfactory results, they are not bad, and all parties have achieved their basic goals.

JYP has a lot of funds, and the next thing is to think about how to develop.

So after the shareholders' meeting, under Fang Jie's proposal, JYP convened all middle and high-level executives, as well as directors from all parties, to hold a strategic meeting on the company's future development.

Of course, Fang Jie led the meeting, and Park Zhenrong could only stand aside.

Park Zhenrong is indeed the president of JYP at present, and is also a well-known singer and music producer in Korea. In the past year, as the owner of an entertainment company, he has gradually gained a certain reputation, and everyone in the company admires him.

but.

In front of Fang Jie, Park Zhenrong was not enough.

Although all the middle and senior managers and employees of JYP have never met Fang Jie before, they have long admired his name.

This is not only because he is the man standing behind Chairman Li Qing, everyone has heard that this man has a deep background in China.

It's because, over the past year, under the command of Fang Jie's behind-the-scenes magic wand, JYP Entertainment has continuously performed miracles.

I won't mention the rumors that the Seven Fairies danced Yan.wu to please this man, but only said that signing Jun Ji-hyun's management contract is a miracle.

At the beginning, everyone thought Li Qing, the little girl boss, had a good relationship with Jun Zhixian and they were joking around, so they signed the other party, and the company was noncommittal about it.

Unexpectedly, not long after the signing, at Li Qing's insistence, the company participated in the investment of the movie "My Sassy Girl", becoming the largest investor in the movie, and Jun Zhixian was appointed as the heroine of the movie.

Originally, it was nothing. Jun Ji-hyun debuted as a model in 97, acted in some movies, won some newcomer awards and nominations, but to say that he is not too good, at least not in the first line.

But "My Sassy Girlfriend" became popular. After signing with JYP, she was promoted to a first-line actress in Korea in less than half a year. It can even be said to be the hottest movie actress at the moment. If nothing else, this year's Daejong Award for Best The heroine must be her!

And obviously, such a magical thing was probably directed by the man behind Li Qing by remote control.

The logic is simple: if Li Qing was in charge of this matter, wouldn't she participate in the performance in person? She is also very beautiful, why should she pay for such a good opportunity to Jun Ji Hyun?

For a chaebol like Fang Jie, there must be more than one woman beside Li Qing, and he must have fallen in love with Quan Zhixian, so Li Qing can only obey this man's order and give up the heroine of "My Sassy Girlfriend" to her rival in love.

Everyone has evidence for this: after Jun Zhixian became popular, Li Qing obviously didn't have the heart to practice dancing. She spent all day studying the company's operation and management in various departments. Obviously, she is no longer willing to be a puppet!

Moreover, according to the inside information I just received, this time the company's shareholding is changed, this man can be on an equal footing with SK Group and CJ Group!
Well, although this group of people made up their minds wrongly, they got it right. They guessed a part of the truth correctly, and at the same time they were deeply admired, but also extremely jealous.But if you hit it right and wrong, the result can be limited. , and nothing.

So everyone was in awe of Fang Jie, and felt that this person was unfathomable. In contrast, a small shrimp like Park Zhenrong is nothing, and he is not qualified to carry shoes for others
It is precisely because of this that not only all the management of the company, but even Jun Zhixian, the company's biggest bowler, came to attend this meeting.

(End of this chapter)