SEE ALSO: T-ara's 15th anniversary surprise event?

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.