Peninsula Platinum Era

Chapter 288 Each with their own agenda

"Hye-won is also very good. If she joins, she will have a good influence on the new group."

Listening to Chen Shijun recount some events at the company, Eunbi couldn't help but feel a lot of emotions. She clearly understood that a bullying allegation, which was almost undeniable, had essentially sealed the trainee's career.

From a promising aspiring idol to the shattering of his dreams, it didn't take long. But if you don't want people to know, then don't do it in the first place. Everyone has to pay the price for their actions.

As for Source Music's attempt to reach out to Kang Hye-won, Captain Eunbi was happy to see it, as the two have a very good relationship.

"The company is also making two preparations. If the contact doesn't go smoothly, we'll just adjust the debut plan. Right now, there's still room for maneuver in both music and dance."

Chen Shijun looked at the former female team leader, wondering what would happen if Yuan Ying found out about this. Sometimes, just thinking about it made his scalp tingle.

So I simply stopped thinking about it. In President Chen's little garden, there's even a heavyweight like An An. Compared to that, Captain Eunbi is relatively easy to deal with.

Recently, Eunbi has been giving some guidance to the trainees, but it may not be necessary. Half of the members in Source Music's new girl group are veterans, who were her close comrades-in-arms in the past, so there's no need for her to worry about them.

Some of the newcomers are also returning contestants from talent shows. Yi Ye just joined recently and I haven't had any contact with her yet. There are quite a few people left who can be mentored by the round-headed girl.

At least Kim Chae-won and Sakura could give him some pointers. It has to be said that kids these days are all very tall, which makes Chen Shi-jun think that he will inevitably grow up to be a little giant.

"When you get to ADOR, please take good care of Kim Min-ji. We value this girl highly."

Suddenly remembering something, he gave a few words of advice to Consort Eun, who was touching up her makeup in the mirror. Although he didn't think this kind of mentorship would play a huge role, some experience was invaluable.

"You value it highly? I've also seen that group; the lineup is excellent."

Experts see the details, while laymen just enjoy the spectacle. Whether it's that kitten-like girl or the exquisitely mixed-race Daniel, they each have their unique charm. They'll definitely be even more outstanding when they grow up a bit more.

As for the youngest member, although Chen Shijun doesn't seem to have any potential, Representative Su said that he's a top-notch talent, so we can only choose to believe him.

Xiaochi, that pure hexagonal warrior, is exactly the kind of guy Chen Shijun admires. He has practically no flaws, except that his skin isn't fair enough, but that doesn't matter.

Her Vietnamese roommate? Chen Shijun can only be described as quite cute. Some people might find her attractive, and she has a particularly good relationship with Xiao Chi. Let's just say she's Xiao Chi's accessory.

"I don't know if it will be outstanding, but Min Hee-jin's ability to dawdle is really high. I don't know if it's considered meticulous work or if she has other plans."

Although she said that, Min Hee-jin really put a lot of effort into making this N team look good, and she was meticulous in polishing the group. Even if she didn't like this guy very much, she couldn't deny his efforts.

HYBE actually made a share buyback arrangement for Min Hee-jin, which is a valuation adjustment mechanism aimed at increasing the company's value by incentivizing her.

Min Xizhen's initial claim for a 20% share subscription right was not approved, and even the reduction to 18% was rejected. Ultimately, a 15% share subscription right was confirmed, the same as Chen Shijun's, allowing him to purchase these shares within a specific period. However, the relevant share agreements were quite different.

Although she didn't get more shares, it was agreed that 10% of the shares would come with a repurchase right. If certain conditions were met, the company could repurchase these shares at a rate of 13 times the average profit of the previous year.

Despite Min Hee-jin's attempt to increase this condition to 30 times, HYBE unsurprisingly rejected the request and made arrangements for the remaining 5% of shares, stipulating that they could not be sold to any third party without HYBE's consent.

In addition, she was subject to very strict non-compete clauses. If she violated any of these clauses, HYBE could buy back all her shares at a very low price. These shares were quite unusual, as both types of shares were tied to stringent shareholder agreements, keeping her permanently bound to HYBE.

Of course, Fatty Fang's approach was even more ruthless than Chen Shijun's. If Min Xizhen exercised her power to purchase shares, he would lend money to Ms. Min, who was not financially well-off, and there was a possibility that she would have to engage in some kind of share pledge.

Anyway, Chen Shijun felt that it would easily lead people to take desperate measures, which was not his intention. Perhaps dynamic adjustments could be made during the company's development, depending on how the development goes.

After Eunbi left, Chen Shijun made a special trip to meet with CEO Park Ji-won. Now, this favorite of Bang Si-hyuk has undoubtedly become the company's de facto number two.

"These are very reasonable terms, and they are also very beneficial to her."

Park Ji-won was very polite. As a member of the council, Chen Shijun was also in charge of Levvels, a direction that Fang Shihe valued highly. In terms of rank, the two were on equal footing.

But they were extremely envious of Chen Shijun's net worth. They had spent their entire lives as the "King of Wage Earners," and even if they had owned shares, it was only symbolic. They had never experienced the thrill of explosive wealth growth.

Chen Shijun nodded, but he knew in his heart that this was an unusual contract. Not only were both stocks tied to non-compete agreements, but the agreement would also take effect as long as she held shares, even if she left the company.

“If the group can be managed well, she will have no motive to betray, and restricting her will also be in line with Director Chen’s idea.”

That's true. Chen Shijun stopped talking. His subscription rights were relatively simple, without such high repurchase clauses. On the contrary, they were closer to being in cahoots with HYBE.

……

"Ms. Min hasn't been in a good mood lately, but it seems like she's often in a bad mood."

After taking off her baseball cap, Xiaochi and Secretary Li sat in the second-floor cafe facing the street, sipping their coffee slowly. Accustomed to drinking light iced Americano, this concentrated and slightly hot Italian coffee made her squint her eyes from the bitterness.

However, the woman in front of her seemed to like this drink, and Xiaochi felt that there must be something to it, trying to find a source of happiness in this bitterness.

"Have a cookie, drinking it straight is for the brave, hahaha!"

Seeing Xiaochi's face scrunched up in pain, Eunhye held a cookie to the girl's lips, suddenly feeling a sense of urgency, like when she was feeding a puppy.

"You know how middle-aged women are; we young girls can't be like her."

Secretary Eunhye was rather presumptuous. Although it was not wrong for her to call herself a young woman, she was actually not much younger than Chen Shijun and only one year older than Kim So-jung, the oldest member of GFRIEND.

“I don’t quite understand why she sometimes insults our dignity and sometimes treats us like a mother. We hope she will be in a good mood every day.”

Xiao Chi sighed. Sometimes it's hard to stay clear-headed, but Fan Yuxin doesn't think about that much; all she has to do is offer her loyalty.

"This woman is so wicked. You can try to get objective opinions by communicating with me more. You know I've always been open and honest with you."

Whether it's objective or not depends on what's in Chen Shijun's best interest. In any case, one is bound to Chen Shijun; his success will bring one's own success.

(End of this chapter)