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Chapter 2944 Star Economic Company KEYEAST

4days ago Celebrity fiction 14
As a senior, I will definitely take good care of Yoona.Kong Xianzhu showed a bright and charming smile on her face, which was indeed more mature than the young girls present!

Speaking of which, Kim Young-min had contacted him by phone when he had just arrived in South Korea!

He also specially asked his bank to approve a special acquisition fund for KEYEAST Economic Company to SM Company, otherwise SM Company would not have that much money to acquire other economic companies!

And KEYEAST, an economic company, is definitely a very promising economic company in the Korean entertainment industry!

As an entertainment media company, KEYEAST is not low in South Korea. The biggest reason why it has such a high popularity is that the founder of the company is Bae Yongjun!

On February 20, 2006, Bae Yongjun's own brokerage company BOF held a press conference with South Korea's SoftBank and IMX. The three companies will jointly invest 13 billion won and take over the listed company OTTOWINTECH to obtain the company's operating rights.

The company was renamed KEYEAST, of which Bae Yongjun personally invested 9 billion won and became the company's largest shareholder with 375% of the shares (14.47 million shares).

Starting from March 2006, a stock that surged in the Korean securities market attracted the attention of almost all Korean media.

This stock with a code of 054780 closed at the daily limit for 12 consecutive trading days, and did not converge until April 6 local time, but the increase on that day still reached an astonishing 1,205%.

Behind this stock is the Korean superstar Bae Yong-jun.

Bae Yongjun holds 1.447,000 shares of KeyEast, accounting for 375% of the shares. The initial acquisition price was about 9 billion won, or 6,350 won per share.

Bae Yongjun's market value is increasing at a rate of 15 billion won (about 100 million yuan) per day.

The closing price of the first day of suspension ended on March 27, 2006 was 29,200 won. Since then, it has reached a daily limit of 15% for 8 consecutive days, and there were 4 trading days before the suspension.

The closing price on April 6, 2006 was 86,500 won. Based on this price, the company's market value reached 333.7 billion won, and the company's market value was only 12.2 billion won before the suspension.

054780 is a Korean entertainment media company called KeyEast. On March 20, Bae Yong-jun officially spent 9 billion won to acquire 375% of KeyEast shares, becoming its largest shareholder. Just two weeks later, at the closing price on April 6, the market value of the shares he held increased by 14 times to 125,165.5 billion won. In terms of the wealth of entertainment and culture-related industries, he has surpassed the original richest shareholder Zheng Xunzhuo and Phantm major shareholder Kim Jun-fan, becoming the richest man in the Korean entertainment industry.

Although all this is just a piece of wealth for Bae Yongjun, it is certain that in his 13th year in the entertainment industry, 34-year-old Bae Yongjun has turned to a long-term dancer in the capital market.

For KEYEAST, Bae Yongjun's business ambition is not small. He intends to enter the two major fields of culture, entertainment and media at the same time, with the goal of becoming an entertainment multimedia giant like AOL Time Warner and Disney.

Due to the huge injection of funds and the strong appreciation expectations brought by Bae Yongjun's celebrity effect, and also because the company's development prospects are not clear, almost everyone's first reaction when they hear this news is that Bae Yongjun wants to take this opportunity to make money and cash out. As long as the stock resumes trading, they will sell the stocks and make huge profits.

In order to dispel people's doubts, Bae Yongjun took the initiative to set up a two-year lockdown period for the shares he held, during which these shares are not allowed to undergo any transfer transactions, which also eliminates the possibility of him using these shares for speculation in the short term.

However, the problem is not as simple as it appears.

The third largest shareholder is said to be his relative. Since the resumption of trading on March 27, KeyEast's stock price has begun to soar.

On April 4, KeyEast was listed as an abnormally rising product by the stock exchange. Almost all securities researchers said that compared with the current high stock price, they could not see the company's future profit points at all. KeyEast currently does not even have a clear development plan.

In this case, in order to support high stock prices, what the company needs most is a clear profit prospect.

By April 6, the emergence of another key figure further aggravated people's suspicion.

Kim Ki-hong, the third largest shareholder of KeyEast, said: We heard that he is Bae Yong-jun's relative, so other situations are not very clear.

Jin Jihong has only more than 30,000 shares in his hand, but since the convertible bonds he holds can be converted into 235.25 million shares when maturity, he became the de facto third largest shareholder after total.

The convertible bonds he holds will be converted into stocks in one year. Coincidentally, the lock-in period of his own stock trading is exactly one year, so the existence of such a person is probably a special arrangement by Bae Yongjun in order to cash out and make a profit in one year.

Most of the shares held by Kim Ki-hong are in the form of convertible bonds, so he is not so conspicuous in the shareholder list. However, in fact, there are a considerable number of stocks that can be used to cash out. Based on the price he subscribed, as long as the price per share exceeds 8,500 won, he can make a profit. The closing price on April 6 has reached 8.65 million won. Based on this price, he will get 18.3 billion won after selling all the shares. Compared with the 11 billion won invested by him and Bae Yong-jun in advance, this is equivalent to not only not spending money on KeyEast, but also earning 7.3 billion won of real money.

Not only that, in fact, except for the 18 billion capital increase plan, the remaining 5 billion won will be subscribed by BOF internal employees. These people are basically inseparable from Bae Yongjun, and their stock lock-in period is shorter, only half a year.

The BOF brokerage company where Bae Yongjun is the boss has now become a subsidiary of Bae Yongjun's new company KeyEast.

Since 1998, Bae Yongjun has started to run an agency independently. Although he has only been in it for more than a year, his experience during this period has benefited a lot.

In 2003, due to the craze caused by Bae Yongjun in Japan and even Asia, Hanxin Company, which performed weakly in the securities market, took a fancy to Bae Yongjun's influence and signed a brokerage contract with him, successfully activated his performance in the stock market.

However, after the one-year contract expired, Bae Yongjun brought his most trusted broker to establish his own business and invested in the current BOF brokerage company. Bae Yongjun also became his boss with 85% of the shares.

The consequence of Bae Yongjun's departure from Han Xin was that in less than half a year, Han Xin's company suffered the fate of delisting from Ksdaq.

In South Korea, Bae Yongjun's BOF company is considered to be the brokerage company closest to the Hollywood management model. The most important point is that as the boss, he will not interfere with the specific business, and these will be left to professional managers to manage.

BOF's total revenue reached 44 billion won, and Bae Yongjun's income as a major shareholder will not be less than 20 billion won.

Everything originated from the popularity of "Winter Love Song" in Japan. It allowed a Korean-American capital tycoon in Japan to know Bae Yongjun and also to see the money-making effect of the entertainment industry. This person is Masayoshi Son, known as Japan's Gates, and the founder of Japan's SoftBank.