Chapter 67 Li Xiuman's Compromise
But the cruel reality kept reminding him that if he didn't compromise and curry favor with those high-ranking corporate executives, it was unknown whether they could get through this hurdle!
He watched helplessly as the company he had poured most of his life's savings and efforts into collapsed at this time, and he was extremely unwilling in his heart!
…
The phone beside him suddenly rang. Li Xiuman picked up the phone in a bad mood, only to hear the other party say, "President, someone is visiting you outside! There is a young man who claims to be Zhang Junfeng, and he says he is a shareholder of the company!"
"Zhang Junfeng? A shareholder of the company? Could he be the one from the Five Star Group?!" Li Xiuman quickly realized that when Zhang Junfeng came to visit last year, Li Fuzhen, the eldest daughter of the Five Star Group, accompanied him!
"Hurry up and invite them in... No, I'll go and greet them myself, you ask them to wait a moment!" Li Xiuman excitedly urged the person on the other end of the phone. If he could get the support of Zhang Junfeng, the shareholder, wouldn't there be a shortage of commercial performances and endorsements? ! ...
Ten minutes later, warmly welcomed by Li Xiuman and several SM Entertainment executives, Zhang Junfeng and his team were escorted to the company's internal conference room.
"Mr. Zhang, I wonder if you have come here this time because of what we, SM Entertainment, can do for you?" Li Xiuman respectfully asked Zhang Junfeng about his purpose, keeping his attitude very humble.
Zhang Junfeng chuckled and answered casually, "I have been studying in the United States before, and now I have been back to China for almost half a year. I have never come to see how SM Entertainment is doing, so I took advantage of my free time today to come and take a look!"
"The domestic economic situation is a bit bad now. If SM Entertainment encounters any problems, President Li can talk to me. Maybe I can help the company solve it directly..."
Hearing Zhang Junfeng's caring words, even Li Xiuman, a middle-aged man, was touched for a moment! Zhang Junfeng came just in time, didn't he? SM Entertainment is in such a bad situation now, isn't it the time when it needs help? Of course, Li Xiuman was still quite reserved and didn't reveal SM's situation in full, but just said that the company had some problems with funds and needed some funds to turn around.
Seeing that Li Xiuman was still stubborn, Zhang Junfeng did not expose him, but replied with a bright smile, "Money is not a problem, but is SM Entertainment's current situation really just a problem of lack of money? Now a large number of companies have gone bankrupt, even those large companies that are ranked at the top are not doing well!"
"Compared to last year's commercial performances and advertising endorsements, there should be more than half less, right? If these problems are not solved, how long do you think the company can last with the new funds?"
Zhang Junfeng's words were like a sharp knife piercing Li Xiuman's heart. His previous cover-up was completely in vain! The other party knew everything about the company's difficult situation!
…
Li Xiuman looked at Zhang Junfeng deeply, and spoke after a while, "Hey, since Mr. Zhang already knows, I won't hide it anymore! The situation of SM company is indeed like this, I wonder how Mr. Zhang will help the company get out of trouble?"
Hearing that Li Xiuman finally agreed, Zhang Junfeng showed a bright smile on his face, and then asked the brother and sister Wu Mingxi and Wu Xiuying beside him to negotiate the specific details of the cooperation with the other party.
…
When he learned that Zhang Junfeng would invest 3 million US dollars but take away 85% of the company's equity, Li Xiuman hesitated again! It was obviously the company he had worked hard to create, but now he had to give away most of the company's equity, which really made him uncomfortable. But if he refused, it would be impossible to find another big sponsor willing to invest in their SM Entertainment in a short time! As if she had guessed Li Xiuman's concerns, Wu Xiuying reminded him at the right time, "President Li, I heard that you were also an artist before. I think the time when you didn't rely on your own hard work to get through it must have been very difficult, right?"
"SM Entertainment is not the only entertainment company in China nowadays. If you don't want to, I think the boss will find other entertainment companies to cooperate with. Opportunities are not always there. If you miss it, it will be gone forever!"
Hearing this reminder, Li Xiuman couldn't help but smile bitterly. Wasn't the situation just as the other party described? It had come to this point. Did he have any better choice? !
Once Zhang Junfeng, the big money sponsor who came to them on his own initiative, loses his patience, the future of SM Entertainment will really be bleak!
…
Dozens of minutes later, Zhang Junfeng asked Wu Mingxi to collect the signed investment and shareholding agreement, and then set off again for JYP Entertainment.
Li Xiuman looked at the figures of the few people leaving, and his mood was quite complicated! If Wu Xiuying's words before were like a wake-up call for him who still had illusions, then the conditions offered by Zhang Junfeng later were too tempting, and he simply couldn't refuse!
Five Star Department Store, Shilla Hotel and even other companies under Zhang Junfeng will give priority to SM Entertainment artists when they conduct commercial performances and need product endorsements! In addition, SM Entertainment will be able to move from its current shabby office location to a high-end office building in Gangnam District, with more professional recording studios and practice rooms. The subsidies for trainees and the meals for company employees will be greatly improved! Such generous conditions, let alone Li Xiuman, even the presidents of other entertainment companies would not refuse! Moreover, after Zhang Junfeng invested and acquired most of the shares, they have established their relationship with the Five Star Group. Those companies that did not like SM Entertainment before will no longer "look at people through the cracks in the door" like before, right? ...
"Director Wu, I am a little surprised that your sister is so sharp-tongued and performs so well! She looks so smart and capable that you wouldn't guess she is a new lawyer!" Zhang Junfeng, who was sitting in the back row, did not hesitate to praise Wu Xiuying.
There is no mistake in the poem, post, content, and read the book on 6, 9, and bar!
"Thank you for the compliment, boss! I just asked my colleagues to research some information about SM Entertainment and JYP Entertainment before I left. Fortunately, the information came in handy during the negotiations." Wu Xiuying replied neither humbly nor arrogantly.
Hearing the other party's humble answer, Zhang Junfeng nodded with satisfaction, "'Know yourself and know your enemy, and you will never be defeated in a hundred battles', this way of thinking is very good! The next negotiation with JYP company depends on your performance!"
"Yes, boss!" Wu Xiuying answered seriously. She had finally got the chance to show her abilities and she had to seize it firmly. Only in this way could she get more attention and attention from the young boss Zhang Junfeng and get better treatment and resources for herself! (End of this chapter)