Chapter 8 A Strong Wind Rises



Since participating in CUBE Entertainment's family concert "2018 UNITED CUBE -ONE-" on June 23, Lee Won Bin has focused his attention on the company.

Just like his secretary Park Seol-yoon said, some things only take up 10% of his life, but this 10% is all others hope for.

After the CUBE Entertainment Family Concert, Lee Won-bin got Kim Minnie's contact information as he wished, and Huang Lizhi and others were also attracted by (G)I-DLE's performance and became friends.

I don’t know whether Huang Lizhi and others have contacted each other privately, but Li Yuanbin has not. He has more important things to deal with now.

On July 5, the release of several pieces of news successfully focused people's attention on four companies: Nexon, NCsoft, Star Capital, and Netmarble.

At 8 a.m., according to relevant sources, as early as mid-to-late last month, the plan of Nexon and NCsoft to acquire the large American game developer Electronic Arts was rejected by the EA board of directors and was not approved.

However, Nexon has become NCsoft's largest shareholder and has increased its stake to 15%.

According to relevant laws and regulations, individuals or groups holding more than 15% of the shares have the right to interfere with the company's operating rights.

Negotiations failed, and Nexon has decided to intervene in NCsoft's operations.

Immediately afterwards, as if it was agreed upon, Nexon took the lead in issuing an announcement to confirm the news.

The announcement also pointed out that Star Capital, Nexon's largest investor, chose to withdraw, and all of its shares were acquired by Nexon Chairman Kim Jong-ju.

Nexon has officially entered the era of Kim Jung-joo.

At this time, Li Yuanbin, who already knew everything, was already in the Star Capital headquarters building.

He was in a video conference with Netmarble Chairman Fang Junhe.

"Why would Chairman Lee want to abandon Nexon?" Fang Junhe held his chin with his right hand and stared at Lee Won Bin on the other side of the screen with curiosity.

In his opinion, Nexon, which has become a major shareholder of NCsoft, seems to have more prospects.

However, Lee Won-bin was not stupid enough to tell him why he wanted to give up Nexon.

He shrugged, spread his hands, leaned back in his seat and said easily, "No reason."

"However, this time we can cooperate with NCsoft. Their achievements in PC games are exactly what we need."

Li Yuanbin picked up the iced American coffee at hand, took a sip, and said meaningfully.

Fang Junhe nodded. This was the purpose of his video conference today.

"Then let's hold our press conference at 3:00 PM today. What do you think, President Li?"

"I have no objection."

The press conference originally scheduled for the 18th was held ahead of schedule.

The two sides hit it off and the order was issued immediately.

At 10 a.m., Netmarble Group and Star Capital jointly issued a statement, and a press conference will be held at 3 p.m.

It instantly ignited the Internet.

The farce between Nexon and NCsoft this morning hasn’t ended yet, and now Netmarble has come along.

As the largest mobile gaming group on the peninsula, every move of the company affects the hearts of people outside.

What's more, there is Star Capital, which only showed its tip in a company statement this morning.

Those who are familiar with him are well-known to him, while those who are not familiar with him are full of curiosity.

Soon, many journalists appeared at the press conference.

There were media outlets friendly with Netmarble Group, as well as journalists who came to get first-hand news about the chairman of Star Capital.

Because of this press conference, Li Yuanbin, chairman and CEO of Star Capital, decided to attend.

This was his first appearance in public.

Li Yuanbin has never appeared in any of Star Capital's previous actions, and they are eager to understand the meaning of Li Yuanbin's move this time.

Here we have to mention the equity structure of Star Capital.

Star Partners holds a 62.7% stake and is the largest shareholder. The company's equity is owned by Lee Won-bin.

In addition, Star Development Co., Ltd., which is directly controlled by Lee Won-bin, holds a 6.7% stake.

Li Yuanbin has a total interest of approximately 69.4% of the shares.

The remaining shares are held by three companies respectively, which will not be discussed here.

It is worth noting that Star Partners' largest shareholder LYB Partners holds 81.9% of its shares, Lee Won-bin holds 89% of LYB Partners' shares, and his father holds the remaining 11% of the shares. All shares grant Lee Won-bin proxy voting rights.

At this point, Lee Won-bin controls 100% of the voting rights at the LYB Partners shareholders' meeting and is also the actual controller of Star Capital.

At three o'clock in the afternoon, Lee Won-bin and Fang Jun-hyuk appeared at the press conference on time.

The reporters present started filming the two people.

After everyone arrived, Fang Junhe, chairman of Netmarble Group, announced the official start of the press conference.

This chapter is not over yet, please click on the next page to continue reading!

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