China Entertainment: I became a capital tycoon

Chapter 505 503. SM is over, President Cao is promoted to President Cao

In the SM entertainment conference room, there was a heavy atmosphere, but also a chilling air.

This is all because their biggest rival, a rising star in the Korean entertainment industry, Cao Yu, the president of FNC Entertainment, is sitting here.

SM President Jin Yingmin looked at him and then at Ai Hui's representative. He said with some reluctance: "President Cao, we want to sell EXO. President Li Manxiu has already agreed to this matter. Even if you have objections as a shareholder, , but is not the largest shareholder, and the minority obeys the majority, you have no right to change the decision of the board of directors now!"

"really?"

Cao Yu kept smiling and waved, and Jin Guangzhu immediately handed him a stack of documents.

Cao Yu took the document, threw it directly on the table, and said with a smile: "Is there any way to change it? It's too early for President Jin to say this. Let's take a look at this thing first."

Jin Yingmin and Li Xiuman hurriedly took the documents and took a look at them together. Their expressions changed, their eyes widened, and their lips trembled.

This document is clearly the equity transfer contract of Aihui Company!

Both of them took a deep breath, especially Jin Yingmin who felt his body starting to get cold.

"Hey"

Looking at the somewhat arrogant President Cao, Jin Yingmin began to get a little angry: "Even if you are the largest shareholder, the combined shares of President Li Manxiu and I are 38%, which is still more than your 29%. President Cao, you FNC want to control SM , seems like it’s not enough?”

"Are you planning to rob it openly?"

But thinking about his now severely reduced assets and the funds in his pocket, he slowly sat down again.

Kim Young Min never expected that the first person to speak would be his partner, SM CEO Lee Man Soo, who is also the founder of this company.

Although SM is still under the control of himself and Li Manxiu, Cao Yu is indeed the largest shareholder now, and what he says is effective.

"How? Do I have the right to disagree now?"

Jin Yingmin was speechless and looked even worse.

Cao Yu made a calm gesture to Jin Yingmin, and then said: "Which of you wants to sell your shares? After passing this village, there is no such store."

Previously, FNC secretly obtained 12.6% of SM's shares. Now, including Ai Hui's 16.9%, it has reached 29.5%. FNC, the biggest rival, has become SM's largest shareholder!
Ridiculous, too ridiculous.

Cao Yu smiled lightly and said: "I don't agree to sell EXO, no one can sell them!"

At this time, Li Manxiu suddenly sighed and asked: "How many FNC shares can I replace with the 26.2 shares in my hand? Or how much is it worth?"

But if EXO is not sold, what will he do to Ma Yun? How else to get the 20% shares promised by Ma Yun?
That is your own escape route.

Jin Yingmin stood up with a "huh", and really wanted to yell "I'll take it too" to suppress this Chinese man's arrogance.

"."

"If you don't have the strength, just sit down, hold it in, and don't talk."

"But we are major shareholders and we always have the right to interfere in the company's decisions, right?"

But Cao Yu didn't look at him anymore, but looked at the other six shareholders: "You didn't call me during the meeting, which seems a bit uninteresting. But, I have a lot, so I won't argue with you. Who doesn't want your shares?" If you want it, I’ll take it all, and you can exchange it for our FNC shares if you want.”

"Director Li? You"

Several shareholders immediately looked at me and me, very excited, but no one was too embarrassed to speak.

Cao Yu stared at Jin Yingmin's ugly face and flicked his fingers on the table easily.

Li Manxiu shook his head and said: "SM Entertainment has reached this point and is already helpless. If even EXO is sold, what's the point of this company?"

"."

Kim Young Min is silent. SM Entertainment has reached this stage entirely because of itself.

First, he sold Girls' Generation and allowed himself to create a few girls and become a crazy money-making group owned by others.

Unwilling to admit defeat, he tried to play Infernal Affairs again, but failed.

And Cao Yu's crazy counterattack caused the SM Entertainment building to begin to collapse.

Even nearly half of the company's employees have been poached. Now the company is already panicking and planning for its future.

Cao Yu also didn't expect that the first person willing to sell his shares would be Li Manxiu. He smiled and said: "Director Li, I still admire you very much. If you are willing, I will acquire SM. As for your shares, I will sell them based on the value." How about converting it into FNC shares, and you can also serve as FNC's artistic director?"

Regarding Cao Yu's invitation, Li Manxiu hesitated for a while and asked: "President Cao, does FNC plan to go public?"

"Of course, after acquiring SM, we will go public."

"Okay, then I agree with your suggestion."

After getting the accurate answer, Li Manxiu finally nodded.

SM shares are no longer valuable, and even the company is about to collapse, but FNC is a rising star in the Korean entertainment industry, and with CJ Entertainment behind it, and Cao Yu, a Chinese tycoon, as a backer, whether to continue to persevere or choose to defect? Anyone who is not stupid knows how to choose.

There are more benefits to taking refuge early. Everyone can settle this account.

As for face?

Which is more important, face or money?

"Then I'll replace it too!"

"I want to replace it too!"

With Li Manxiu taking the lead, other shareholders have expressed their willingness to exchange their SM shares for FNC shares.

When Ai Hui's Kimura saw this situation, he knew that SM was going to completely change his surname to Cao, and he was glad that he agreed early.

"I can guarantee that you will not regret your choice today in the future."

Regarding this result, Cao Yu had already expected it. He first smiled at everyone, and then said to Jin Yingmin: "President Jin, what about you? What decision?"

"The situation is over!" Jin Yingmin lamented in his heart and asked: "How much is my 11.9% share worth? I plan to sell it!"

He didn't want to change, let alone have anything to do with this Cao Yu. Now he just wanted to get a sum of money, and then go to China to cooperate with Ma Yun to rebuild an entertainment company.

Get up wherever you fall.

More importantly, China’s trainee system has just started and its market prospects are greater than those of Korean baseball.

Cao Yu guessed that Jin Yingmin would choose this way, and said with a smile: "Fifty million US dollars, I only give you so much for the sake of our acquaintance."

"Dark! So dark!"

Kimura was shocked. Ai Hui's 16.9% was exchanged for 11 billion. Now Jin Yingmin has more than % of the shares. Boss Cao gave this?

Jin Yingmin looked ugly and said angrily: "President Cao, even if my shares are gradually reduced, it won't be more than this amount, right?"

"Yes, that's right. You can reduce your holdings slowly and see how much you can exchange for it. I don't care."

Cao Yu really doesn't care. Now that he owns more than half of SM shares, he can completely control SM. It doesn't matter if you, Lao Jin, keep your shares.

"Cao, you must be cruel!"

Jin Yingmin knows that when FNC swallows SM, his shares will be converted into FNC shares according to their value and corporate merger policies.

Although his assets may increase as a result, he doesn't want to do this. He just wants to stay away from the bad guy Cao Yu.

It's because of him that I, Kim Young-min, have gotten to where I am now.

"Fifty million is fifty million!"

Without EXO, he still wants shares in Ma Yun's entertainment company, so he can only invest money.

Then I can only sell my shares at a low price. If I really want to reduce my holdings little by little, I don’t know how long it will take.

"President Kim"

Cao Yu shouted, and Jin Guangzhu and Jin Yingmin turned their heads at the same time.

"I'm sorry, I called our President Jin"

Cao Yu chuckled, and then said to Jin Guangzhu: "I'll leave the follow-up matters to you. Replace what needs to be replaced, acquire what needs to be acquired, and then prepare for the company's reorganization and the company's listing next year."

After finishing speaking, he said to everyone: "During this period, the company will be reorganized into two departments. Jin Guangzhu will be the president of the film and television department. Mr. Li Manxiu, you can continue to be the company's artistic director and vice president of the company, and the music department." President of the department, hand it over to Li Haoyang."

"Yes, president!"

Jin Guangzhu agreed out of habit, and now he admired this Chinese man.

As long as the company is reorganized and listed, he will make a fortune!

"President Cao, the president of the company."

Seeing that Cao Yu was about to leave, a former SM shareholder suddenly asked.

"Um???"

Except for Kim Young Min, everyone looked over as if they were looking at SB.

Isn't it obvious that you are stupid? President Cao has been promoted to president, why should I ask this?

China, Hangzhou.

Ma Yun and Zhao Yanzi were sitting in a secret private club, chatting about the prospects of the film and television company.

"Mr. Ma, the entertainment company has been registered and can start business after the Chinese New Year. We can start from three aspects: movies, variety shows, and artist management. We should be able to gain a firm foothold soon."

Zhao Yanzi is very confident about the future.

He has connections in the entertainment industry, and Mr. Ma has strong capital. The two of them can be said to be a perfect match.

"You move very quickly."

Ma Yun was very satisfied and said with a smile: "But our goal is not to gain a firm foothold, but to go public."

"Going public?"

"Yes, Huayi is now listed. In the next few years, many entertainment companies in China will be listed. We must keep up with this trend. If we want to make money, we must go public."

Ma Yun said, took out her mobile phone, opened the pictures inside, and said with a smile: "What do you think of these kids? They are all trainees trained by Korea's popular SM Entertainment for several years. As long as we put a few boys in By building Huaxia into a new idol, we can not only make money from fans, but also investors."

"These kids are pretty good."

Zhao Yanzi took a few glances, pointed at two of them, and asked, "What are these two children called?"

"One is called Lu Han and the other is Kris Wu. I am also optimistic about these two."

Ma Yun was about to enlarge the photo to show Zhao Yanzi a good look, when suddenly a familiar number called in, it was Jin Yingmin.

"It seems that the matter has been settled. I am going to Seoul in the next two days. Why don't you go with me?"

"Okay."

Zhao Yanzi was very happy. She could go on a business trip with Ma Yun and sign several promising boys to the company. She could successfully transform from an actor.

After the ringtone rang a few times, Ma Yun pressed the answer button.

"President Jin, are you done?"

"Mr. Ma, I'm sorry, something happened."

(End of this chapter)