A few days ago, South Korean media reported that Li Xiuman transferred SM81.4 billion won, about 500 million yuan.
Especially yesterday, the shareholders of the Sm family finally couldn't help but jump to their feet, saying that they wanted to exercise their shareholder rights and ask for salaries.
In fact, as early as last year, after SM released its 2017 annual financial statements, some people questioned Li Xiuman's problem of asset transfer.
The thing is, for a group company like SM's size, the financial statements are divided into two parts, one is the individual financial statements (sm entertainment only) and the other is the consolidated financial statements (including the sm holding group of subsidiaries).
As a result, this individual financial statement is really a gratifying data, and the net profit is also rising.
However, this is not the case in the consolidated statement, the same rally is gratifying, but the net profit is actually a deficit.
That shareholders are definitely not dry, sm artists can not absorb money is not a problem, losing money must be a problem within the company, so they will go along with the vine to find the melon.
It was found that sm's 2017 expense program had a fee of up to 10,732.7 million won, which was paid to a company called like.
This company is 100% controlled by Li Xiuman.
A year earned 18.6 billion, Li Xiuman sucked away 10.7 billion, this is still worth it, but Xiuman is still powerful, he directly said, although I made money, but I did not break the law ~
Sm also issued a solemn statement:
I thought that there would be such a crisis of trust in 2018, Li Xiuman would correct it, but I did not expect that the 2018 financial statements just came out in 2019, or the original formula, or the original taste.
Saying that this statement I can still open at the end of March, now I can't turn it over, forget it, I will probably say that the net profit of sm in 2018 is still falling, and Li Xiuman's company took 14.5 billion won.
Then came out the first quarter of the financial report, sm or loss, this time they directly threw the pot to exo, saying that it was because they did not return.
This sentence depends on which point of view, on the one hand, it acknowledges exo's ability to absorb gold, on the other hand, it also confirms that Li Xiuman has indeed been sucking blood sm.
Therefore, KB Asset Operating Company sent a shareholder letter to SM Entertainment, saying that it requested a merger between Luck Planning Company and SM Company, with a 30% dividend.
KB Asset Operation owns 7.59% of SM and is sm's third largest shareholder.
According to KB's operating company, Luck Planning Company receives royalties equivalent to 6% of SM's sales. In the past two years alone, Luck Project has received a huge amount of about 25 billion won from sm, and what is even more surprising is that sm has not paid shareholder dividends since its listing in 2000.
Of course, Lee wanted to suck blood, and it wasn't enough to rely on this company, so Lee instructed SM to use SM USA to run a winery, resort, and restaurant business in California that had nothing to do with the industry.
As a result, sm f&b ran a restaurant called 'smt Seoul' in Cheongdam-dong, investing 12 billion won in registered capital and accumulating a loss of 21.1 billion won in six years.
There will certainly be people who say that it is normal to lose money in business, but it is interesting to know that it will lose money and invest for 6 years, where the money is delivered.
The two years after the sm team of Moon Jae-in can be said to be a storm and a hit, and Moon Jae-in's visit to China has brought an exo album.
Six years ago, when Moon Jae-in first ran for president, although he failed, his vote was not low, it was very popular, but you know, the people's hearts need to spend money, he has no money, he has to rely on his supporters to pay money.
For this year to turn out this matter again, many people's understanding is that the chaebol force behind this matter of yg should not be underestimated, someone wants to investigate thoroughly, then the other party must also give you some good fruit to taste, you check Yang Xianshuo, I check Li Xiuman, there is nothing wrong with it.
But this is not the point at all, there is a more serious problem, just on the day the news broke, there is a very noteworthy place, Moon Jae-in announced that he will lead the US military in South Korea.
Taking advantage of the fact that the United States needs allies to fight a trade war, the Scorpion man Moon Jae-in knocked a bamboo lever to regain military command.
Not to mention those who are very beautiful, the Liberal Party certainly does not agree, usually you and I fight in parliament, and now you have to command the army, then my Liberal Party still has a day to emerge?
So move your little vault first, and then dig your sore foot. And Moon Jae-in will definitely give up, after all, wanting to be independent is not a simple thing.
However, we don't have to worry about a business like Samsung, Samsung can experience so many presidents still stand firm, relying on "ungratefulness", a son of heaven and a courtier, Lee Jae-yong has already paid the protection fee.
Of course, Teacher Li Xiuman can come to this day, and it is not a small person, this little thing, public relations, pay some money can also be solved.
As for wanting to see yg and sm lose both, JYP from the benefit of do not think, to know that Park Jin-young and the cult that wrecked the Sewol have an inextricable relationship, the current years are quiet, but it is really helpless.