Arguably, Seungri Turns Out to Have Most of the Shares in Burning Sun - The latest truth has been revealed regarding a case involving Seungri and the Burning Sun nightclub.
When the controversy first surfaced, Seungri claimed that he only took part in promotional activities and from the beginning did not take part in the ownership of the Burning Sun club.
But Yonhap News recently received documentary evidence that strengthened the relationship between Seungri and Burning Sun.
Based on the document, the Seungri company, Yuri Holdings owns 40% of Burning Sun's shares in 2017 and currently holds 20% of the shares.
Yonhap News later explained that some of Yuri Holdings's Burning Sun shares had been purchased by Madam Lin, a woman who had previously been suspected of being related to a mafia in China.
Responding to the report, Yuri Holdings said, "Madam Lin is a foreign national and the investment documents were still not ready. We signed a funding contract with him and then gave him a 20% stake. At that time Seungri did not know how many shares he had, "explained the company. (www.kpopchart.net)
When the controversy first surfaced, Seungri claimed that he only took part in promotional activities and from the beginning did not take part in the ownership of the Burning Sun club.
But Yonhap News recently received documentary evidence that strengthened the relationship between Seungri and Burning Sun.
Based on the document, the Seungri company, Yuri Holdings owns 40% of Burning Sun's shares in 2017 and currently holds 20% of the shares.
Yonhap News later explained that some of Yuri Holdings's Burning Sun shares had been purchased by Madam Lin, a woman who had previously been suspected of being related to a mafia in China.
Responding to the report, Yuri Holdings said, "Madam Lin is a foreign national and the investment documents were still not ready. We signed a funding contract with him and then gave him a 20% stake. At that time Seungri did not know how many shares he had, "explained the company. (www.kpopchart.net)
