Peninsula: It’s just a dream, are you serious?

Chapter 459 He is Chen Yan, the Managing Director of JYP!

The time has come to September 6th.

JYP's stock price has fallen for several days due to LOEN's malicious dumping of his JYP shares.

By the close of trading this afternoon, the stock price had fallen to 5837.39 won per share, below the IPO price of 6000 won per share.

JYP's IPO performance was not ideal, so Park Jin-young was preparing to find a landlord... cough, no, he was trying to find a way to stabilize the stock price.

However, he has tried every method he could think of in the past few days, but he could only slow down the rate of stock price decline, but he could not stop the downward trend.

Park Jin-young had actually guessed that LOEN might sell JYP shares when the company went public, and had been making corresponding preparations.

Because LOEN had always wanted to acquire JYP, but he was unwilling, he came up with the idea of ​​a backdoor listing to avoid the company being acquired.

When the board voted on whether to approve JYP's relisting, LOEN was among the staunch opponents.

But he didn't expect LOEN to act so quickly, continuing to sell off his shares, preparing to sell all of JYP's shares.

This is tantamount to tearing off all pretense of civility; they had no intention of showing any mercy.

So Park Jin-young was so angry on the day LOEN sold its shares that he cursed loudly in his office.

As Loen, JYP's second-largest shareholder, decided to sell all of his JYP shares, the market naturally reacted with panic, prompting some small shareholders and retail investors to follow suit and sell their JYP shares as well.

This led to the continuous decline in JYP's stock price, which even fell below the IPO price.

What Park Jin-young didn't expect was that, in addition to the trouble with LOEN, another headache had arisen in the past two days.

That is, there is a company that has been secretly acquiring JYP's stock for quite some time, starting to buy it gradually from the end of last year.

It was only after LOEN maliciously sold off its shares in the past few days that the company intensified its acquisition efforts, which made him realize the truth.

This company seems to be very interested in JYP's shares. It bought up almost all of the shares sold by LOEN, and also acquired a significant number of shares held by some minority shareholders.

Given this unexpected situation, Park Jin-young naturally wanted to investigate the other party's background.

But the results of the investigation were what truly surprised him.

Sitting at his desk, looking at the documents in front of him, Park Jin-young frowned slightly, his face showing deep thought.

"dong dong"

A knock on the door interrupted his thoughts.

"Enter."

The door opened with a thud, and Chen Yan appeared before him.

"Brother Zhenying, you were looking for me."

"Xiao Yan is here, please have a seat."

Park Jin-young smiled and gestured for Chen Yan to sit down opposite him.

Chen Yan walked over and sat down opposite him, still wearing that familiar smile on his face.

But looking at that face with that familiar smile, a complex emotion flashed in Park Jin-young's eyes.

After looking at Chen Yan for two seconds, he placed the documents in front of him in front of Chen Yan.

Chen Yan lowered his eyes and looked at it.

The document contained background information on the company that had been acquiring JYP shares, and Chen Yan's name was prominently listed.

The company is called Junhe Capital, a branch of a Chinese enterprise established in the peninsula at the end of last year.

Its purpose is self-evident.

Upon seeing the information, Chen Yan showed little surprise.

If the acquisition of shares were even slightly large, Park Jin-young would definitely notice, so he was mentally prepared for today's situation.

He looked up at Park Jin-young, whose face still bore the familiar smile.

"Brother Zhenying, feel free to ask me anything, and I will answer you."

Looking at the young man in front of him, whose eyes were still clear, Park Jin-young didn't bother to show his displeasure and said in a deep voice:

"Is Xiaoyan very interested in JYP's shares?"

"Yes, I was really interested, so shortly after joining the company, I started having my family help me buy some of the company's scattered shares."

"So what are your plans for acquiring so many JYP shares this time?"

Faced with this question, which he had anticipated, Chen Yan pondered for a moment, then looked at Park Jin-young and sincerely said:

“Brother Zhenying, I am a Chinese, and I don’t have any roots in the peninsula. But after I joined the company, you treated me the same as everyone else. After I showed my talent, you focused on cultivating me. This is a great favor to you.”

"Secondly, the company atmosphere is also quite good, and I feel very comfortable here. If I were to find a place to settle down and establish myself on the peninsula, JYP would be my first choice. That's my plan."

This is indeed Chen Yan's true inner thought.

He had no ambition for power or profit; he simply wanted a place to establish himself on the peninsula. JYP happened to offer him that opportunity, and Park Jin-young was indeed a good person, so he chose JYP.

Across from him, Park Jin-young stared at Chen Yan silently for a few seconds before continuing:

"Is this the same plan you're having your family's investor's CEO get big hit with?"

Chen Yan shook his head: "No, it's because I'm optimistic about the prospects of President Fang's company, so I had my family invest in it. JYP has always been my first choice."

Ever since he dreamed that Big Hit would grow into Hybe, he had his family invest 70 billion won in Big Hit, which eventually resulted in him acquiring nearly 20% of the company's shares.

However, he had his family send a trusted person to represent him on that part of the shares, and he has always focused his attention on JYP.

His investment in Big Hit was merely a strategic move for the future, and also a guarantee for his future status and influence.

"Of course, even if I acquire the company's shares, in principle I will not interfere with the company's decisions. Brother Zhenying, you know my personality to some extent. I hate trouble the most."

"Furthermore, I have already instructed my family to stop acquiring any JYP shares still in circulation. I think what we have now is enough."

Park Jin-young naturally understood what he meant.

It means that he wants the decision-making power that comes with the shares, but he generally won't interfere with the company's decisions.

Stopping the acquisition of shares demonstrates to Park Jin-young that there is no intention to threaten his position as the largest shareholder, thus avoiding any subsequent problems.

After a moment of silence, Park Jin-young finally smiled again and pointed at him.

"Xiao Yan, you really startled me."

He believed Chen Yan's words to some extent, but doubted them to some extent.

He believed Chen Yan because, after spending time together, he understood Chen Yan's personality and knew from their conversation that what the other party said was most likely the truth.

Suspicion arises because one should always be wary of others, especially when it comes to matters of interest. Over time, people's hearts may change.

Regardless, he remains JYP's largest shareholder and has the highest decision-making power over the company's affairs.

Chen Yan grinned: "I was actually planning to give you a surprise, Zhenying-ge." Park Zhenying couldn't help but roll his eyes slightly: "Only a surprise, not a surprise."

The somewhat somber atmosphere in the office lightened up after a couple of jokes.

Seeing Chen Yan smile, Park Jin-young pondered for a moment before speaking:

"Xiaoyan, you're family now, so I won't hide it from you. The company's situation is not optimistic. We need to find a way to restore market confidence and stabilize the stock price as soon as possible."

Chen Yan nodded: "I have a general idea about this, so I plan to inject 800 billion won into the company to restore market confidence and stabilize the company's stock price. The contract and funds are ready. As long as the company's board of directors approves it and the contract is signed, the funds will be in place immediately."

Park Jin-young paused slightly, then looked at Chen Yan with a meaningful gaze.

"Xiao Yan, you're very well prepared."

Chen Yan smiled with narrowed eyes: "Brother Zhenying, of course I need to be well prepared when it comes to establishing a foothold and putting down roots."

The two stared at each other for a few seconds, then Park Jin-young laughed and raised his hand again to tap the young man in front of him.

"I will now notify the shareholders to convene an emergency board meeting. Given the current situation the company is facing, they have no reason to refuse this investment."

“Okay, Zhenying, you can arrange it. I’ll also notify the lawyer to bring the contract over.”

"Ah."

4:30 PM Peninsula Time.

JYP held an emergency board meeting in the company's top-floor conference room, attended by President Park Jin-young, some major shareholders, and their lawyers.

And Chen Yan, and his lawyer Jiang Chengyu.

Loen, the original second-largest shareholder, had already sold off most of his JYP shares and was therefore not on the list of attendees.

A dozen or so shareholders, large and small, sat down in the meeting room. As soon as they sat down, their eyes fell on Chen Yan and Jiang Chengyu, two unfamiliar faces.

Moreover, Chen Yan was sitting in the first seat on the left, which was the seat previously occupied by the shareholder representative of LOEN Company.

However, no one present jumped out to question why this kid was sitting there, and then staged a scene of showing off and being slapped in the face.

Can't you see Park Jin-young is still sitting here? There must be a reason why he can sit here.

Moreover, Chen Yan and the others had some impression of them, since they were mentioned in the company's prospectus, but they had never met them before.

As for Jiang Chengyu, I have absolutely no recollection of him.

Sitting in the middle, and seeing that everyone had arrived, Park Jin-young didn't delay and immediately began to chair the meeting, explaining the main reason for convening this emergency council meeting.

After hearing the reason, everyone's eyes fell on Chen Yan again, this time with a hint of surprise in their gazes.

Facing the gazes of the crowd, Chen Yan responded with a smile and a nod, appearing neither humble nor arrogant.

When they heard that Chen Yan's company would inject 800 billion won into JYP, and that the funds would arrive in the account very quickly, the directors' eyes lit up again.

This is a savior! With this 800 billion won, and given that Chen Yan's company is backed by large capital, JYP's current crisis is nothing.

After a short while, Park Jin-young, having explained the purpose of the meeting, looked at everyone and said, "The contract that Xiao Yan has prepared is right here in your hands. You can take a look. I have already had the company's legal department review it, and there are no problems."

As he spoke, he raised his hand to introduce Jiang Chengyu, who was sitting next to Chen Yan: "This is Jiang Chengyu, a senior lawyer at Peninsula Sejong Law Firm. He also drafted this contract, so you can rest assured about the contract."

Upon hearing this, the group of directors, who had just opened the contract at hand, looked at Jiang Chengyu with some surprise.

Jiang Chengyu smiled and nodded, indicating, "Although Xiaoyan is my nephew, I drafted this contract in strict accordance with regulations, so please rest assured."

The board members all smiled and returned the greeting, demonstrating great goodwill.

They had naturally heard of the reputation of Peninsula Sejong Law Firm, let alone the senior lawyers there.

He just said that Chen Yanxi is his nephew.

This made them think even more highly of Chen Yan's family's connections on the peninsula.

After that, no one said anything more and they all carefully looked at the contract in front of them. After reading it, they handed it to the lawyers they had brought to take a look.

The contract essentially boils down to one point: Park Jin-young and the others jointly transferred a total of 2% of their shares to Chen Yan.

In exchange, 800 billion won will be injected into the company through a targeted capital increase, and it will arrive tomorrow.

After receiving nods of approval from their respective lawyers, the board members looked at each other and nodded.

This is a sure-fire deal for them; exchanging 800 billion won for 2% of the shares is a huge premium.

Pick up the pen next to you, sign your name, and the agreement becomes effective.

At this point, disregarding the various shares held by other board members, Park Jin-young's original 16.9% stake decreased to 16.5% after the transfer of some shares to Chen Yan. He remains JYP's largest shareholder.

After Chen Yan received the 2% stake transferred from everyone present, plus the majority of the 7.19% stake originally held by LOEN that he acquired, along with the shares sold by some minority shareholders, and the shares he already held,
With a total of 10.5%, it ranks as JYP's second-largest shareholder.

After all the directors had signed their names, Park Jin-young began to chair the next item on the agenda.

"Now let's vote by raising hands to decide whether to approve Chen Yanxi joining the council as a standing director of JYP."

Although the signature just now is tantamount to tacit agreement, the necessary procedures still need to be followed.

The next second, led by Park Jin-young, more than a dozen hands were raised in the conference room.

Passed unanimously.

Seeing this, Chen Yan's smile couldn't help but widen.

Finally, everything is settled.

It is 6 p.m. Peninsula time.

JYP Entertainment released a public announcement.

Hello everyone, this is JYP Entertainment.

We are hereby announcing a notice regarding a change in the company's shareholders.

As decided by the company's board of directors, LOEN Entertainment, a former shareholder and board member, will no longer serve as a shareholder and board member of the company, effective immediately, as its shareholding is no longer sufficient to qualify it.

In addition, the company's board of directors decided to accept an investment of 800 billion Korean won from Junhe Capital (Peninsula). Junhe Capital (Peninsula) will hold a total of 10.5% of the company's shares, becoming the company's second largest shareholder effective immediately.

The equity of Junhe Capital (Peninsula) will be held on its behalf by the company's music producer, Chen Yanxi, who will also exercise shareholder rights.

Following a vote by the company's board members, Chen Yanxi was approved to join the board and serve as a standing director of the company.

This is a public announcement!

Chen Yan, who had already arrived home, smiled slightly as he looked at the announcement that had just been released on JYP's official website on his phone.

Turning my head, I looked at the setting sun outside the floor-to-ceiling window, its golden light illuminating the clouds and creating a magnificent spectacle.

The next second, a sense of grandeur arose in his heart.

He is Chen Yan, the Managing Director of JYP Entertainment!

(End of this chapter)