On October 4th, it was reported that girl group EXID has been signed over to a new Chinese entertainment agency Banana Plan.

The founder Wang Si Cong is not an unfamiliar name as he caught the attention of many K-pop fans after privately hiring T-ARA as entertainment for his birthday party early this year. Now, he has continued his venture into the industry by opening up his own agency. With an easily recognizable name Banana Plan, he has already signed T-ARA in. It has been rumored that he paid a substantial sum in order to get around legal loopholes and welcomed the members with new cars each.

Now, in answering recent questions regarding how he plans to compete in the market, he proudly exclaimed, “I even bought EXID!”

Some fans have taken to poking fun at him, asking, “Isn’t having T-ARA enough?” and more.

Although these rumors have been floating around Chinese media sites, there has been no movement on the group’s official Facebook or Twitter accounts confirming or denying such reports. Furthermore, there are no details regarding how this purchase or transfer of rights was conducted. For now, it seems that Banana Plan only deals with the girl groups’ activities in China.

Source: Jieman and ETToday