The penniless son of the penniless ...

Chapter 339 The Second SM Company Selection Competition (Additional Update)

"Boss, according to our calculations, if we have enough funds to hype and promote, we can raise the share price of NewData Technology by another 200%-300%. By then, our profit from cashing out at a high price will definitely exceed 180%!"

"And this cycle won't be too long, it only takes a few months."

After hearing his subordinates' affirmative analysis, Leon John was also very excited. Now he finally had the opportunity to make a fortune. Wouldn't it be a pity if he missed it? However, he quickly thought of the key point. The funds that the branch could mobilize would not exceed 3000 million US dollars. This amount of money was invested in the Korean stock market to raise the stock price of NewData Technology Company.

As for submitting the investment application to the headquarters, it will take a long time to go back and forth. There is no guarantee that other institutions or investors will find this "potential stock" with investment value. Of course, Leon John also has some thoughts, hoping to use this opportunity to make a fortune and save as much as possible for himself. Otherwise, when Zhang Junfeng makes a big move next year, he will also envy him for making a lot of money.

However, as far as the current situation is concerned, the only ones who are capable and willing to do this are probably Zhang Junfeng and Comet Capital, which he controls. After all, apart from Comet Capital, there is no other financial institution willing to lend a large amount of cash, especially for investment in the stock market!
Leon John, who has made up his mind to cooperate with Zhang Junfeng, asked his subordinates to prepare detailed information of NewData Technology Company as soon as possible. He will contact Zhang Junfeng later to discuss how to set up a scheme to manipulate the stock price of NewData Technology Company and make a profit from it.

……

On the other side, the members of the Avex Music delegation who returned to the hotel did not rush to rest, but instead started an emergency meeting in the room at the call of President Masato Matsuura.

"You all know the company's situation very well, so there is no need for me to say more. If we want Avex Music to rise in a short period of time and successfully defeat a number of competitors, the only way is to get the full support of financial institutions like Comet Capital."

"With Comet Capital's current strong strength, it can support SM Entertainment to become the number one in Korea, and naturally it can help our Avex Music Company to become the number one in Japan!"

"...But how to convince those shareholders to transfer their shares? If you have any good ideas, please speak up!" Matsuura Shengren looked around and told his trusted subordinates who came with him what he was planning. He was determined to bring Avex Music Company into the arms of Huixing Capital and embrace a more powerful "financial sponsor".

"...The reason why those shareholders invested in Avex Music was to make enough profit. Although it has been a while since the financial crisis, those people have not had an easy time during this period."

"I think as long as we tell them that someone is willing to buy all their shares at the market price, they won't refuse..."

"How can things be as simple as you think? Those guys are very shrewd. Once they know our purpose, they will most likely raise the price. It will be difficult to get shares from them by then~!" Another subordinate couldn't help but refute when he heard his colleague think it was so easy.

……

"... President, perhaps we can release some news that is unfavorable to the company. Make the company's stock price fluctuate, and those shareholders will definitely be restless. At that time, we can reveal to them that Comet Capital is willing to acquire the company, and those guys will definitely be very happy to cash out and leave!" A bespectacled section chief named Kawamura Kagami suddenly spoke when everyone fell silent.

"To create panic and get them to voluntarily give up their shares in the company? This is a good idea and it is also quite feasible. However, we need to give a heads up to Comet to do this, otherwise it will be bad if they misunderstand that there is really a big problem with Avex Music!" Matsuura Seito was quite supportive of this proposal, and he also supplemented the plan to ensure that there would be no loopholes. Seeing that the important things had been finalized, Matsuura Seito, who was in a good mood, quickly ended the meeting and let them have a good rest. Tomorrow, they would have to go to the SM Entertainment trainee selection competition to see it for themselves.

After all, the selection and training of singers and artists in Japan is not as large-scale as that in Korea. They are quite curious about the differences and subsequent impacts between the two sides.

……

The next morning before 7 o'clock, SM Entertainment was surrounded by a crowd of young people. After hearing the news, they came here to participate in SM Entertainment's annual trainee selection competition, hoping to be the lucky one to be selected.

There were even many parents who accompanied their children to participate.

If the entertainment companies in the past did not have such a high recognition, many people even felt that being an actor or a singer was not a particularly respectable and recognized job.

However, with the rapid development of SM Entertainment in the past two years, many people's stereotypes about singers and actors in the entertainment industry have gradually changed.

In particular, the trainees recruited by SM Entertainment last year, such as Lee Hyori and Lee Jung-hyun, have successfully debuted and have become extremely popular new female singers in the country. It is said that they also have a high level of attention in the neighboring country of Dragon.

This also gives many young people and parents an opportunity to make a name for themselves. After all, no matter how respectable a job is, the salary is real. It is certainly respectable to be able to work in a large company, but it is a bit difficult to support a family with such a small salary every month. Don't live too hard.

If you want to achieve a comeback in life, then entering the entertainment industry, becoming a contracted trainee of a top entertainment company and making a successful debut is also a good choice.

After all, SM Entertainment treats trainees very well, giving them a generous subsidy every month so that they can train with peace of mind.

Of course, other entertainment companies don’t offer such good treatment. During the trainee period, the company did not bring any income, and the subsidies issued were also minimal.

It is this special mechanism that allows their families to reduce a lot of burdens, and even many parents from ordinary families are willing to let their children become trainees of SM Entertainment.

As for the successful debut in SM Entertainment, it also takes a certain amount of time to accumulate and hone. Once the period of time as a trainee is too long, whether the trainee has the motivation to persevere becomes a very important factor.

(End of this chapter)