643. Bang Country SM Entertainment Co., Ltd. becomes a subsidiary of Universal Entertainment Group!

At this time, she received a message from Wu Yu, CEO of Universal Entertainment Group, and after taking a look, she smiled at Ling Yu'er and said, "Miss Ling, I will take you to familiarize yourself with the company's headquarters first, and Mr. Wu will come back in the evening, and we will have dinner together!"

Ling Yu'er smiled sweetly: "That's troublesome Mr. Huo, it's my honor!"

She has seen Wu Yu, Wu Yu had also gone to her house to talk to his father about the acquisition of SM Entertainment Company in Bangziguo, and wanted to buy the shares in her father's hands, but her father politely refused to sell the shares of SM Company to Wu Yu, she knew that her father's approach was to protect her, because she was an artist of SM Entertainment Company, for fear that she would also encounter these unspoken rules of the entertainment industry that day. After all, once she left the country of sticks, her father would not be able to protect her.

But she was also shocked by what means Wu Yu used to acquire SM Entertainment.

At that time, after her father knew about it, he reminded her to quit the entertainment industry, but she has been in the entertainment industry for so many years, she has been in the country of sticks, and she has become popular all over Asia, how can she give up what she likes. So she still accepted the company's arrangement and came to the headquarters of Universal Entertainment.

"That's okay, Yu'er, let's go, let's take you to visit the headquarters first" Huo Wenxi smiled: "I think you will definitely like it here"

"Okay, Mr. Huo, please first" Ling Yu'er immediately took the initiative to open the door of the office and let Huo Wenxi go first.

"Eh, Miss Yu'er, it's so polite" Huo Wenxi immediately took the initiative to take Ling Yu'er's arm and took her to start visiting.

For this Ling Yu'er, she really felt very good.

"No wonder she is so liked! This young lady of the stick country does have something extraordinary!"

At this moment, at the Seoul Airport in Bangzi Country, Li Xiuman said to the CEO of Universal Entertainment Group: "Mr. Wu, I didn't expect you to be in such a hurry to go back to Xiangjiang, and I haven't fulfilled the friendship of the landlord!

This time, Wu Yu came in a hurry and left in a hurry. This time he worked with Wu Yu very happily.

He is also the largest shareholder of SM Entertainment, with 28% of the shares, but a few years ago, he had an unpleasant quarrel with many shareholders of SM Entertainment, and was jointly targeted by other companies of SM Entertainment, vowing to kick him out of SM Entertainment. In 2010, the shareholders succeeded, and he, the founder, was forced to resign as a director of SM and will no longer be responsible for SM's operations.

This time, he directly sold most of his shares directly to Universal Entertainment Group for $150 million, while he also retained 5% of SM Entertainment's shares, and is still the majority shareholder, and now SM Entertainment has become a subsidiary of Universal Entertainment Group, Wu Yu will let him return to SM Entertainment to take charge of the company's operations and be responsible for the Bangziguo business.

He is also very satisfied with the partnership, with $150 million in funding, and at the same time taking the helm of SM Entertainment again, and those who once kicked him out of SM Entertainment will also have his revenge this time.

Wu Yu said with a smile: "Mr. Li, next time we make an appointment, I have a lot of things to do recently, alas, those of us who work are hard! I have to go back to report to work quickly! I can't delay for a moment." ”

Li Xiuman said: "Mr. Wu, look at what you said, you have so much energy now, you are about to become the number one in the Asian entertainment industry!"

Wu Yu cried and laughed: "I'm just a ponyboy, there is a boss on it, and there is a boss on top of the boss!"

Now Universal Entertainment Group is an industry under the Heung Kong Foundation, and he is now responsible for the major shareholders of the Heung Kong Foundation, and those guys on the board of directors are not vegetarians, if he does not do a good job, he will definitely be bombarded on the directors.

Chen Shao has not come to the Universal Entertainment Group recently, and now the Universal Entertainment Group, as the core enterprise of the Heung Kong Foundation, is naturally subject to the supervision of the Council of the Heung Kong Foundation, and now all the members of the Council of the Heung Kong Consortium have naturally become members of the board of directors of the Universal Entertainment Group, and have also become his boss, while Chen Shao is the boss of his boss.

In the past, when Chen Shao was in charge of the Universal Entertainment Group, he lived a very comfortable life, but now after Chen Shao didn't care about the Universal Entertainment Group, he was a little frightened, and now Chen Shao Xiangjiang Consortium doesn't care much, all of them are managed by the 26 council members of the Xiangjiang Foundation, and these 26 council members represent the 26 wealthy families in the Xiangjiang Consortium.

If he can't get benefits for the Xiangjiang Foundation and create profits, although the board of directors will not fire him, they will definitely crusade against him on the board of directors.

This time, he also began to accelerate the expansion of Universal Entertainment Group, so he stared at SM Entertainment Company in Stick Country, and took a fancy to the popularity of Girls' Generation in Asia, as well as the market of Stick Country, and Ling Yu'er in Girls' Generation is also very important, dedicate her to Chen Shao, he believes that Chen Shao will definitely like it. When he went back, he had to think about how to let Chen Shao take Ling Yu'er down.

As long as Chen Shao is happy, then his position in the Universal Entertainment Group will be solid, even if there is an occasional small problem, the board members of the Xiangjiang Foundation will earn one eye on him and close one eye, this time the task has finally been completed, and now SM Entertainment Company in Bangzi Country has a market value of 678.6 billion won, which is a good market value company in Bangzi Country, according to the current exchange rate of the US dollar against South Korean won is 1044:1, Bangzi Country SM Entertainment Co., Ltd. is now worth 650 million US dollars!

Li Xiuman held 28% of the shares and sold 23% of his shares to Universal Entertainment Group. Later, Wu Yu bought 15% of the shares from the second largest shareholder of SM, the second largest shareholder of SM Entertainment Company is Dongying's Ai Hui Company, and now the company is facing a crisis, Dongying Bank has suffered huge losses in the financial market, the specific amount is unknown, and I heard that Mitsubishi Bank has also raised tens of billions of dollars for this!

At this time, it happened that a Dongying Bank made an emergency loan to Ai Hui Company, which made Ai Hui Company enter the point of shortage of capital chain, and Wu Yu immediately asked people to find them, and then at a price 20% lower than the market, he acquired all the shares of Bangziguo SM Entertainment Company in Ai Hui Company.

Then he bought some shares from the stock market and the artists under SM Entertainment Company, a total of 13%, and now Universal Entertainment Group holds a total of 51% of SM Entertainment Group's shares, directly turning SM Entertainment Group into a subsidiary of Universal Entertainment Group!

Universal Entertainment Group has the de facto power to decide on all major matters, not only the composition of its board of directors, but also its management policies and business activities.