Chapter 304: Overwhelming

Li Kaiwen has always been very planned, and he has drawn up a series of plans for S.M from the moment he learned that S.M Company was strongly binding its artists.

Now that the preparation of the entire plan is 80% complete, he can officially start the plan without Song Qian's card.

Kevin Lee's virtual sub-account at Nonghyup Bank guarantees that his money will not be tracked, and he does not want to reveal his identity until he has fully acquired enough shares of S.M.

The 200 million yuan transferred to Nonghyup Bank was injected into many virtual sub-accounts like flowing water into a stream, and Li Kaiwen began to short sell the shares of S.M Company and short the KOSPI index of South Korea.

He carelessly did not stop the loss in time after the loss, but increased his position and finally lost $16.7 million in stock index futures, and the actual loss was $680,000.

Now the index is generally downward, and the South Korean KOSPI index has fallen sharply after a slight rebound, and has fallen below the 1980 integer number. Kevin Li has plenty of funds on hand, how can he let go of the great opportunity to short, and he does not hesitate to short the KOSPI index.

Acquiring enough shares to join the board of directors of S.M is his final and main goal, but using 200 million funds and 30 times leverage to make a big profit in the financial market is also one of the goals.

After the layout was completed, Li Kaiwen informed Gao Yi, the executive of Huace Film and Television Media, to inform the media to release the news that EXO Chinese nationals were stranded in China and would not return, and at the same time, in the name of EXO-M's captain KRIS, applied to the Seoul Central District Court for the invalidity of the exclusive contract signed with S.M.

The speed of online social news spread extremely fast, and it was almost as soon as the news from China appeared on the Xinlang website, and the Korean Internet and newspapers reported it.

For a time, the stock price of S.M fell in response. The drop was as high as 4.52 percentage points.

Kevin Lee quietly bought shares of S.M at a low position. He wasn't planning to buy it on a large scale at the current price. He bought the stock just to continue to smash the stock and suppress the stock price of S.M.

Since Han Geng terminated the contract and left S.M, S.M has closely monitored the activities of Chinese artists in China, and has set up a special emergency mechanism. THE COMPANY REACTED QUICKLY, IMMEDIATELY CONTACTED THE AGENT IN CHINA TO CONFIRM THE AUTHENTICITY OF THE MATTER, AND LEARNED THAT KRIS AND LUHAN HAD LEFT THE TEAM AND HAD NOT YET RETURNED TO THE TEAM.

S.M's new office building in Samseong-dong.

President Kim Young-min and two executive directors, Jung Chang-hwan and Nam Xiao-young, held a meeting. These three people, plus Han Shimin, president of S.MCC, are the four executives of S.M, and they are the four giants under Lee so-man.

Lee so-man, the chairman and founder of S.M., resigned as a director of the company in 2011 and only served as a producer and artist director. Now that his wife is suffering from cancer and is being treated in the United States, Li Xiuman has no intention of managing the company's affairs and stays in the United States for a long time to stay by his wife's side. Corporate affairs are co-chaired by three senior executives.

Kim Yingmin's expression was stern, and he smelled a hint of conspiracy from the news he got the news, it is not without precedent for Chinese artists to terminate their contracts, Han Geng is a typical example, for which S.M Company made careful precautions, but I didn't expect it to happen.

However, suing S.M in such a short period of time is absolutely impossible to say that there is no team behind it.

Kim Yingmin briefly introduced the situation to the two executive directors, and said sternly: "I think this is a premeditated poaching behavior, and it is obvious that the target of the Chinese agency is the four Chinese artists of EXO." ”

Zheng Changhuan nodded and said: "Now that two Chinese artists have left the team, it is imperative to let EXO-M return to China as soon as possible." Otherwise, put them in China sooner or later all become deserters. ”

Nan Xiaoying opened his mouth and said: "I agree with Zheng Changchang's opinion, hurry up and recall EXO." At the same time, the agency behind KRIS is investigated and severely punished for his betrayal. ”

Lee so-man is known as a "tyrant" in South Korea, and S.M's reputation in South Korea is not good, and he is called a "vampire company" by the majority of fans, because the company has always been strong in treating its artists and never compromises with artists. After TVXQ's split, the self-formed JYJ trio is still being curbed by S.M and unable to participate in any program recording on the TV station.

At the end of the day, the KOSPI index fell by 1.43 percentage points, down 29 points, and the stock price of S.M fell by 5.67 percent.

Li Kaiwen made a lot of money by shorting the stock index and the shares of S.M Company at the same time, and the shares of S.M Company he acquired reached more than 136,000 shares, which was his ammunition for smashing the market.

S.M's stock price fell for two consecutive days due to the withdrawal of EXO-M captain KRIS, and finally stopped falling and stabilized on the third day, and began to rise gradually after the morning open, and it is clear that the market began to buy more after experiencing bad news.

KAI LI PREPARED A COMPLETE SET OF PACKAGES FOR S.M, HOW COULD S.M GET A RESPITE, AND INFORMED GAO YI TO CONTINUE TO RELEASE THE NEWS THAT LUHAN, A POPULAR MEMBER, HAD QUIT EXO, AND AT THE SAME TIME LAUNCHED A LAWSUIT AGAINST S.M.

S.M'S STOCK PRICE FELL AGAIN, AND LI KAIWEN HAD ACQUIRED MORE THAN 600,000 SHARES OF S.M. IN THE MARKET IN THE PAST THREE DAYS, TAKING ADVANTAGE OF LUHAN'S NEGATIVE NEWS OF SUING S.M, FRANTICALLY SELLING STOCKS AND SMASHING THE MARKET. Several large sell orders of 80,000 shares were smashed, and the stock price of S.M Company fell like a waterfall, and panicked retail investors began to frantically sell their shares.

The profitability of a non-entity company like S.M Entertainment, whose profitability depends entirely on the revenue of several major groups, has now been one of the pillars of EXO's withdrawal of two popular Chinese artists in a row, raising questions about the company's profitability.

Of course, Li Kaiwen took over the plate steadily in the low position and replenished the lost ammunition again.

He smashed the market at a high price and then bought it back at a low price, but in fact, he didn't lose much money by smashing the market, even if he lost something, it was nothing compared to the gains he obtained from shorting the stock price of S.M.

"Ahh ”

After the close of the day, Li Kaiwen shook his head, clenched his hands into fists and screamed, relieving his nervous mood and tense muscles.

"Is it over?" Lin Yun'er, who was reclining on the sofa and reading the script, looked away when she heard Li Kaiwen's cry and asked with a smile.

"yes, I feel like my neck is stiff. ”

"I'll press it for you. Lin Yun'er put down the tablet, knelt and moved her white calves to move behind Li Kaiwen, and reached out to press his temple, "Is it here?"

"Well, that's comfortable. Li Kaiwen closed his eyes and enjoyed Lin Yuner's intimate service.

After a while, the mobile phone placed on the coffee table rang, Lin Yun'er leaned over and grabbed it, and handed it to Li Kaiwen, "It's Sister Song Qian." ”

Li Kaiwen was in good spirits, is the good news finally coming? (To be continued......)