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Volume 2: Attack the City Chapter 51 New FNC

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    The market value of S.M later reached a height of nearly one trillion won in 2012 due to Girls' Generation's world domination. It was the most valuable competitive entertainment company in South Korea at the time. However, it was not long after they recovered from the economic crisis, and it was at its lowest point in 2008.  At that time, only a pitiful 14 billion won was left.  ,

    Lee Soo Man was under tax investigation, Shinhwa terminated his contract, and a series of actions that left them struggling. Coupled with the 2008 international economic crisis and the sluggish stock market, it is understandable that the market value of Korea's number one economic company is so low.

    The new fnc company, with total assets of 30 billion won, will become an upstart among Korean brokerage companies in one fell swoop. It integrates m's artist resources and has the original fnc team including ftisland, k.o.w, as well as davichi, seeya, Li Zhen, and yangpa  Waiting for a group of powerful idols.

    At the same time, two girl groups in preparation, Tara and Gift, will soon join this camp. Especially Tara, who has basically completed their debut training as of April. Although the company restructuring will inevitably affect their debut plans, the first team has completed  A highly popular girl group is exactly what FNC needs most right now.

    After all, Gift has just formed an army, and it will be difficult to complete all the training in half a year. Without the urgent need to seize the girl group market, the company also has more room to fine-tune them.

    In addition, many auxiliary talents such as agents and makeup artists, the trainee teams of the two companies, marketing operations and production teams, etc. will be further integrated. The bulk of them is a real estate located in Cheongdam-dong, Gangnam.  The office building with three floors underground and six floors above ground will become the new residence of fnc.

    This merger, acquisition and reorganization is all harmful to fnc, but for president Han Shenghao, it is a mixed bag.

    What he is happy about is that the company will expand in size and he will have a bigger stage to display his ambitions, but what he is worried about is that he will lose the ownership of the company.

    If M is so big, it is impossible to make wedding dresses for others. New companies will inevitably ask for holding, and M is capable of achieving holding.

    The injection of new resources and funds will inevitably dilute the equity in the hands of original shareholders. In order not to be diluted, additional investment is the only option.

    Almost all of Han Shenghao¡¯s net worth is in the company.  Where is the money for additional investment?

    But he didn't.  But Jin Xianjun has it. This is the reason why he dares to accept this merger plan. As long as Jin Xianjun can guarantee the equity, then the combined share of the two people will not be lower than m.  He still has control of the company.  Compared to the gains that come with it.  It is no pity to give up the position of the first shareholder. This is the necessity of the capital market.

    Don¡¯t forget, most of Kim Hyun-joon¡¯s net worth is still in his own foundation.  Even in the face of a global economic crisis.  Due to his advance warning and risk avoidance, he basically suffered no losses. Instead, he took advantage of the downturn in the stock market to buy several companies with great potential at the bottom.

    Although the foundation itself is a charitable organization and Jin Xianjun¡¯s money cannot be withdrawn, the personal assets he handed over to the foundation for management are completely OK. Half of it is enough to meet the needs of this financing.

    After Jin Xianjun carefully read the merger agreement, he has made a decision. After all, this matter will do him no harm at all. As the company expands, more resources will be invested in him and K.O.W., and his own shares will increase.  As for Guner's increase in value, he doesn't claim company rights anyway. It doesn't matter if the shares are more or less, as long as the value increases, he will make money.

    So he asked Han Shenghao directly: "Uncle Shenghao, what do you need me to do?"

    Han Shenghao laughed loudly after hearing this: "Good boy! I knew you must be on my uncle's side!"

    "What's the point?" Jin Xianjun curled his lips: "What's the difference between my shares and my uncle's own?"

    Of course there is a difference, after all, the money given to him cannot go into Han Shenghao¡¯s pocket.  But anyway, Han Shenghao didn't care about his money, and he didn't care about Han Shenghao's power. There was no conflict of interest between the two of them, so it was appropriate to have a united front.

    After some discussion, the two reached an agreement.

    The market value of the new fnc after integration is 30 billion won, while the original fnc was priced at 15 billion won.

    At first, Kim Hyun-jun took 1 billion won to occupy 20% of the shares. Later, several additional investments made the shares not diluted and remained at 20%. The return on investment at least doubled.

    Judging from the current trend of fnc, they are sitting on the potential brand of K.O.W. Their valuation is only 15 billion, which is a small loss. However, it is obvious that the significance of resource integration in this merger is greater than that of capital integration. In the future, as the only entertainment agency under M, they will  The advantage taken cannot be represented by just a few billions.

    In this reorganization, Kim Hyun-joon spent another 3 billion won to acquire part of Han Shenghao's shares. After a year-on-year capital injection, his shares will reach 28%.  3 billion was exchanged for 8%, which seems to be a bit of a loss, but this is equivalent to the price of the original stock, which has a price but no market.With Han Shenghao's 15% and Han Shengxun's 3%, the three people add up to 46%, which is just more than M's 40%. Counting the shares of other small shareholders, it is enough to ensure Han Shengxun's control of the company.  .

    In fact, the prerequisite for m to take over fnc is to recognize Han Shenghao¡¯s actual control as the company representative. After all, his talent is also what the parent company cares about. There is no need to change to another CEO to increase the risk of failure.

    Han Shenghao¡¯s series of actions are just for insurance. No one can say for sure about the power competition among large companies. If there is no share base, one day there may be changes in the upper management and some cronies will be placed to affect the company¡¯s actual operations.

    Now with this adjustment, m has guaranteed its position as the first shareholder and ownership of fnc, and officially acquired fnc as its only entertainment agency subsidiary. Han Shenghao has also ensured his actual control over the company's specific operations. It can be said that various  Something gained.

    As for Kim Hyun-joon, the second largest shareholder of the company at a young age, has joined the superstructure of the Korean entertainment industry. Is there anything better than this?  You know, if he hadn't been Han Shenghao's nephew and hadn't spent a large amount of money to solve Han Shenghao's urgent needs when the company started, no matter how much money he waved around, he wouldn't have been able to buy the original shares of the company with such potential.

    After Han Shenghao reached a consensus with Jin Xianjun, he immediately started a new round of negotiations with Company M with full confidence.

    The wishes of both parties were sincere, and cooperation was mutually beneficial. Except for some specific terms, the negotiations went very smoothly. In just one month, a series of negotiations, from negotiations to equity transfer, were completed.  Complex legal procedures.

    The new FNC company was officially born on May 1st. Han Shenghao quietly gained a broader stage, and the support behind K.O.W became more powerful.

    The merger and reorganization of fnc has in fact established a new pattern of Korean entertainment brokerage companies. Although this series of actions were completed quietly to the outside world, it was like an earthquake in the industry.

    New FNC has become a new pole among Korean entertainment brokerage companies, becoming a truly comprehensive large-scale economic company, with the ability to compete equally with the traditional three major S.M., YG and JYP.

    Starting in May 2009, Korea Economic Corporation bid farewell to the three major companies and established a new pattern of the top four.

    In fact, if it weren¡¯t for the lack of more achievements to prove itself, FNC¡¯s resources alone would be close to S.M, and its assets would exceed YG and JYP.

    ?Here is a brief introduction to the structure of the Korean music market.

    From the perspective of the brokerage company, S.M, YG and JYP compete in separate chambers, and the strength of the competition is ebbing and flowing.  For example, the popular retro trilogy of Wondergirls in 2008 made JYP skyrocket, and its performance in all aspects completely suppressed the other two.  The rise of Girls' Generation in 2009 became S.M's turnaround.  With the strong performance of GBang, yg is catching up with TVXQ in the men's group competition. The new girl group 2ne1 also has great potential.

    The three major agencies have different styles. S.m is characterized by its absolute praise and cool stage style, focusing on the explosive kpop dance music route.  yg is based on hip-hop and r&b. Although he looks a little weak, he has always been a representative of the powerful group.  Due to the persistence of Gorilla Park Jinyoung, jyp has always been committed to exploring overseas markets. Its artists also have his strong personal style imprint, and the symbol is the so-called half-qi and half-voice singing.

    Now that fnc has become the new big four, its biggest features are bands and singer-songwriters, while also taking into account the development of acting careers. After integrating the resources of ccm, the biggest shortcoming of dance music and electronic music has also been made up.  Backed by many resources such as M TV Station, it is not inferior to any other company in terms of the scale of funds and personnel, or the power of connections within the circle.

    As a brokerage company whose core business is cultivating idol singers, it also has different invisible factions through distribution channels.

    The three major music distribution companies in South Korea are S.M, M and Loen.

    S.m itself is an economic company, focusing on releasing the records of its own artists. As a veteran company, their artists are strong and self-produced and sold are enough to occupy a place.

    With the help of CJ Group behind it, m has many channels throughout Asia. Its subsidiaries have many artist teams. This part of the music source is the core of their distribution. At the same time, they also help other companies with some record distribution. For example, some of the distribution business of yg is handed over to  They do it.  In addition to traditional record distribution, it also invests in the production of film and television dramas, establishes TV stations and entertainment websites, and even awards ceremonies.  (To be continued, please search Piaotian Literature. The novels will be better and updated faster!
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