Wang Sicong, son of China's wealthiest man, signs T-ara for his new entertainment company?

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According to Sina, Wang Sicong, son of China's wealthiest man Wang Jianlin of the Dalian Wanda Group, is allegedly starting up an entertainment company called 'Banana Plan', and the first artist they have signed is T-ara.

Wang Sicong is said to be a big fan of the girl group, to the point that he invited them to put on a private concert for his birthday previously. So after a year of much thought and negotiation, he and T-ara are said to have signed a contract.

He's also said to have revealed his intention to sign on many more artists for his new startup company, and that he'll reveal details at a later date.

Some rumors going around about this matter say that the deal that Wang Sicong made with T-ara is that he'll give each member a Ferrari, and that he'll pay T-ara's current agency $8 million to terminate their contract with the girl group. However, these may just be wild exaggerated rumors sprouting up due to the buzz surrounding T-ara's alleged signing with Wang Sicong.

T-ara's agency, MBK Entertainment, has yet to issue a response to the matter.