Chapter 276 - Hostile Takeover

Just as SM Company was in a chaotic group, a burst of cheers broke out in the stock market monitoring room of Jade Emperor Entertainment's Seoul headquarters building.

"Mr. Chen, great, we have acquired 10% of the outstanding shares of SM Company in the market without much effort." Li Dong excitedly reported the good news to the boss.

"It's only been less than half an hour to collect 10%, how is that possible?" When Chen Lin heard this, he was skeptical: "SM company is so vulnerable? Anyway, I heard that this Li Xiuman is also a heroic character, it doesn't make sense? ”

"yes, I also wonder that SM shouldn't be so weak, and they don't seem to be prepared for the stock market at all." Li Dong was also puzzled.

"Huh." At this time, Park Youzhi smiled: "I see that Minister Li is on the point, I know this Li Xiuman, his personality is coquettish and arrogant, I guess he thinks we are bluffing, and he didn't prepare for defense in advance at all, and now he is caught off guard." ”

"If that's the case, then we're welcome." Chen Lin hurriedly ordered: "Inform a few traders to continue throwing money at me." Pay attention to the rhythm and don't break people at once, and give people some time to prepare, so that the game is fun. ”

Li Dong received the order and hurriedly went to the next room to instruct several Morgan Stanley traders.

"Mr. Chen, you have a cup of tea, and the show will be staged slowly." At this time, Yueya brought a cup to Chen Lin.

Chen Lin smiled slightly, took the tea and took a sip, waiting for the SM company's reaction. Why wait for SM to react, wouldn't it be good to take the opportunity to buy the other party in one go?

This means that Chen Lin's purpose is not to really acquire the other party, he is not interested in SM company, this time he wants to teach the other party a lesson.

The first step of his strategy is to attract SM companies to invest huge amounts of money, and the two sides will face off in the stock market, SM's financial strength is limited, and once a large amount of money is invested in the stock market, his capital flow will be immediately shortaged. Then dig into his corners with a two-pronged approach.

His strategy is as simple as that. is to use the money to hit him more. This time, SM will not give up.

After 10 minutes, SM finally reacted.

The company issued a press release condemning Jade Emperor Entertainment's hostile takeover, while letting shareholders know that SM has the ability and strength to deal with the acquisition, and that they have raised 50 billion won to protect the market.

A direct reflection of the situation in the stock market is that the acquisition of Jade Emperor Entertainment was immediately blocked, and the acquisition became slow.

Chen Lin was not worried, but became happy.

"Great, the game starts now." Chen Lin hurriedly issued a new instruction: "Inform several traders to drag each other according to the original plan and play a game of cat and mouse with them." ”

"How many shares have we acquired now?"

"We have acquired 13% of all outstanding shares of SM, and all outstanding shares of SM account for 40% of the total share capital, which means that we now hold 5.2% of the total shares." Park Youzhi said with a smile: "Mr. Chen." We are already one of the majority shareholders of SM, and if you want, you can swagger to SM and join his board of directors. He has the power to convene a meeting of his board of directors and even intervene in his decision-making. ”

"Oh, really?" When Chen Lin heard this, he thought of spoofing in his heart: "Since this can be the case, I am really sorry for the hard work of the trader if I don't feel sorry for the other party!" ”

"Mr. Park, you send a letter to SM Company, tomorrow morning at 8 o'clock we will hold a board meeting in the name of shareholders."

"Ha Luha, Mr. Park. I'll take this notice, I'm going to inform Lee so-man in person, and I'd like to hear what this godfather-level figure in the Korean entertainment industry looks like when he's angry. Li Dongha smiled and robbed Park Youzhi's job. I happily ran out of the house and went to make a phone call.

"Mr. Chen, our benefits are more than that." At this time, Yueya pointed to the stock price chart of SM company on the computer and smiled: "You see, the price we bought was 1,440 won per share, and now the stock price has climbed by 12%. It reached 1,612.8 won per share. ”

"If we sell our shares now, we will make a net profit of 12.48 million yuan."

Chen Lin didn't notice the appreciation of the stock, and after Yueya's reminder, it was indeed true. I couldn't help but say a few times, "Okay, good." ”

The stock market went well, and SM was successfully lured to invest heavily in protecting the disk. The second part of the plan can begin.

Chen Lin got up and left the monitoring room with Yueya and Park Youzhi and returned to the chairman's office. At this time, Li Dong also followed back to the office, looking at his smug smile, it can be imagined that Li Xiuman must be angry.

After returning to the office, Chen Lin immediately assigned a new task.

"Mr. Park, you must follow up on the matter of suing Lee Young-ae." Chen Lin thought for a while and asked, "Has Li Yingai contacted us so far?" ”

"No, her mobile phone was turned off, and her agent said that he was only willing to compensate for part of the liquidated damages."

"How much is a part?"

"800 million won."

800 million won is 5 million yuan, Chen Lin weighed it in his heart and said: "You inform his agent, for the sake of everyone who knows each other in the past, my bottom line is 1.6 billion won." Everyone knows each other well, and if you tear your face, it won't look good. ”

"Understood, I'll keep in touch with his agent." Park Youzhi nodded.

"Mr. Yue, Mr. Li." Chen Lin called the names of the two and said: "This is the list of existing artists I have seen in SM Company, including trainees, others don't have to be poached, but these few must be dug up." ”

Between speaking, Chen Lin took out a list, which read: Ahn Qixuan, Kim Min-jong, trainee TVXQ combination (Jung Yun-ho, Shen Chang-min, Kim Jun-so, Kim Jae-jung, Park Youtian), trainee girls' generation (Kim Tae-yeon, Lim Yoon-a, Jung so-yeon, Kim Hyo-yeon, Kwon Yoo-ri, Choi so-young, Seo Joo-hyun, Hwang Mi-young); Trainee SuperJunior (Park Jung-so, Kim Hee-cheol, Han Geng, Kim Jong-woon, Kim Young-woon, Shin Dong-hee, Lee Sung-min, Lee Hyuk-jae, Choi Si-won, Lee Dong-hae, Kim Ri-wook, Kim Ki-beom, Cho Kyu-hyun).

"Mr. Chen, only An Qixuan and Kim Min-jong are well-known artists on the list, TVXQ, Girls' Generation, and SuperJunior are all trainees. There are many trainees in our company itself, so there's no need to poach trainees. Li Dong looked at the list and frowned.

Yueya also agrees with him, there is really no shortage of trainees in major entertainment companies in South Korea, and Jade Emperor Entertainment itself has more than 30 contracted trainees.

"Huh." Chen Lin smiled mysteriously, he didn't explain too much, but emphasized again: "I repeat, two well-known artists can give up, but these three trainee combinations must be won." ”

"Mr. Chen, don't worry." Li Dong saw that the boss's attention had been decided, and hurriedly said confidently: "Don't talk about trainees, this time I will hollow out SM Company and I will guarantee to complete the task." ”

"The task has been assigned to everyone, let's all go ahead." Chen Lin gave an order, and the three bosses got the order and hurriedly left the office to carry out the order.

Chen Lin soon left the office, and he promised to accompany Bao'er to visit the busiest pedestrian street in Seoul in the afternoon. (To be continued......)