https://x.com/pannchoa/status/1785770621151973876?s=46
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Early in the year, HYBE had told her that the request to have the rights to terminate NewJeans’ contract with the company was too much. If they had given her the rights, she would be able to terminate the girls’ contract with ADOR without needing to bypass HYBE’s management.
As such, it would make it easier for her to take the girls out of the company and move them to another one. According to media reports, HYBE inferred from the audit results that Min Hee Jin’s overall plan was to exercise the put options in January 2025 to make an exit, turning ADOR into an empty shell. When ADOR becomes non-profitable, she would use her external funding to ask HYBE to sell the label to her, purchasing it at a reasonable price, then with the money she had cashed out as ADOR’s CEO, she would purchase the remaining shares to the label.