Girl group T-ara may be joining a new record label run by the son of the wealthiest man in China, according to a new report.
Chinese news outlet Sina has reported that Wang Sicong -- son of China's current wealthiest man Wang Jianlin -- is setting up a new entertainment agency and his first signing will be K-pop group T-ara.
Rumor has it that Wang’s son is launching his agency under the name of Banana Plan and that the girl group signing has come about after a year of consideration and discussions.
The wealthy heir’s liking for the "Roly Poly" girl group is already widely known after he paid the girls $250,000 to perform at a private concert for his 27th birthday at a resort in Sanya, China, earlier this year.
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If rumors are true then each T-ara member has been offered their own Ferrari as a signing bonus and that Wang Sicong has also paid a large sum to T-ara’s Korean managing agency MBK Entertainment in return for handing over representation of the band. (MBK Entertainment have yet to comment).