T-ara revealed a statement through Instagram.
They wrote
“Hello, this is T-ara’s Qri, Eunjung, Hyomin and Jiyeon.
Since we don’t have an agency to speak for us, we are making this announcement ourselves after discussion.
Regarding the rumor that we received luxury cars and 9 billion won from our China contract, we directly asked for confirmation from Wang Sicong’s (Banana Culture) side via Weibo and they have confirmed it is not true.
We don’t want to cause trouble to our former agency who has managed us since debut. We wish that the 4 of us can still greet you in the future under the name of “T-ara”, and we hope to peacefully resolve this. This is the official stance for 4 of us. Thank you for reading.”
Credits: T-ara Diadem