Chapter 414 The arrival of spring in the Hong Kong film industry
In the following days, Yang Wendong also gradually learned the details of Hang Seng Bank’s IPO.
In addition to Yang Wendong, many well-known Chinese families are also involved, especially some old families, such as the He family;
The only thing these families have in common is that they are not involved in the banking and financial industries. , obviously He Shanheng is also trying to win over allies.
This is also a normal routine for many Hong Kong rich people. Anyway, they are going to be listed, and some of their stocks must be sold out. It is better to find some powerful families and tie everyone together through interests. In this way, there will be more opportunities in the future. Any cooperation can also lead to mutual benefit and win-win
That is to say, Changxing Group's greatest wealth is in the mind of Yang Wendong, a time traveler. Otherwise, if it were to do business normally, other capital would be introduced appropriately.
At the end of October, Evergreen Financial Investment Company and Hang Seng Bank finally reached an agreement to acquire 3% of the shares of Hang Seng Bank for HK$9.8969 million. The funds will also enter the Hang Seng Bank account.
Changxing Financial only paid 2 million Hong Kong dollars in cash itself, and the rest was a loan from Hang Seng Bank. This transaction made Yang Wendong think it was a good deal. Although he still had to pay interest and repay the principal later, it was still Not much.
The most important thing is that I have become a shareholder of Hang Seng Bank. If a run occurs, I will have reason to intervene
On October 29, another bigger transaction also happened. It’s the final stage.
On this day, Shen Yufan and Zou Wenhuai, the heads of Changxing Financial, both came to Yang Wendong's office in Changxing Building.
"Yang Sheng." The two greeted him.
Yang Wendong waved his hand and said: "Sit down."
After the two sat down, the assistant served tea and left. Zou Wenhuai said: "Yang Sheng, the matter of purchasing theaters in Southeast Asia, this I have been working with Shen Sheng for a while and have temporarily reached a price."
"How much?" Yang Wendong also put down the pen in his hand and asked.
Investing in theaters in Southeast Asia can not only help the Hong Kong film industry, but also be the first step for your own investment in Southeast Asia. In the future, you can use this business as a basis. If you run it well, get to know various local people, and handle the relationship well, then you can continue to invest in it. Look for opportunities to expand into other industries.
Shen Yufan replied: "13.1 million U.S. dollars, this seems to be the limit of the Lu family."
"You negotiated for 1.5 million U.S. dollars? Not bad, right?" Yang Wendong smiled. Laughing, Lu Yunsheng's original quotation was 1,460, but this itself had the flavor of a lion's mouth.
Shen Yufan said: "Yes, mainly because, although there are other buyers, these buyers only buy parts, not all, which is more cumbersome for the Lu family;
And since we are the only one that can take over the entire business, we naturally have room to lower prices.”
"Yeah, that's OK." Yang Wendong nodded and asked: "What about finance? Which bank can give us the best loan?"
13 million US dollars is a large amount, even for Yang Wendong today. Similarly, for this kind of property with its own mortgage value, of course you will try your best to use a loan when buying it.
Shen Yufan replied: "I have also discussed with several banks in Singapore. Among them, Overseas Chinese Bank and Standard Chartered Bank in Singapore offer the lowest interest rates, and various conditions are considered good;
So my idea is to let the two of them form a banking syndicate and jointly lend us money, so as to prevent our overseas assets from being too risky for one financial institution and causing risks that may be uncontrollable;
In addition Even Yang Sheng Customized Future Group will focus on investing in Singapore, so we also need to cooperate with multiple banks, so that we can maximize our interests and avoid some financial risks.”
"Okay, you go back and write a detailed report to me." Yang Wendong said: "When the report from the headquarters staff arrives, there will be no problem. I will sign it."
Whether it is Hong Kong or external Unless the purchase price is negotiated by him personally, such as the previous Wal-Mart, then the purchase agreed by others will be followed by headquarters personnel in the early stage and reviewed later. For larger amounts and more complex transactions, there will be third-party audits.
This also avoids internal risks. After all, as the scale of the enterprise becomes larger and larger, it is impossible for the boss Yang Wendong to decide many things all the time. We still need to delegate power appropriately, but we must also ensure that there are Adequate monitoring, monitoring, auditing, and even post-event legal pursuits, etc.
A good system can ensure the long-term normal operation of an enterprise.
"Okay." Shen Yufan and Zou Wenhuai both agreed.
The time soon came to early November. When multiple reports arrived at the company headquarters and passed the review, Changxing Group's largest overseas property acquisition since its establishment officially began.
Because the core purpose of these properties is still for the film industry, the properties belong to Changxing Film Company, but Changxing Film Company will definitely not be able to come up with the money. Therefore, Yang Wendong mobilized 3 million from Changxing Industrial US dollars, injected into Changxing Film Company.
Subsequently, with the cooperation of Evergreen Financial Company and an international legal firm in Hong Kong, Evergreen Film Company successfully signed a cooperation agreement with Overseas Chinese Bank of Singapore and Standard Chartered Bank to jointly borrow US$10 million to purchase 82 properties owned by the Lu family. cinema chain and its properties.
At this point, Changxing Group has its own basic base in Southeast Asia.
On November 10, after completing the transaction, Yang Wendong took a group of people to the office of Singapore Capital Cinema again. Looking at the scenery of people coming to watch movies outside the window, he said with a smile: "Now we are at Changxing Cinema The number of theaters in the line has tripled at once.”
"Yes, we have more than 40 theaters in Hong Kong." Zou Wenhuai also said: "This deal is enough to ensure that each of our own film companies can earn double profits in the future;
Having our own theater chain can make much more money than selling out, and the returns are greater. We also have enough funds to make more movies.”
“Then what do you think we are doing now? Shaw Brothers, who is better?" Yang Wendong asked with a smile.
Zou Wenhuai paused and said: "If we don't consider Yang Sheng's support, we and Shaw Brothers are still evenly matched. Although Shaw Brothers' theater chain is not as big as ours and the location is not good, but There are more of them, and their early promotions are relatively long, and the ticket prices are cheaper.
Even if our business is better, it is unlikely because of the different price points and restrictions on theater locations. Affecting Shaw's fundamentals.”
"Indeed, Lu Yuntao and I have the same business logic. Now we are staggered in competition with Shaw Brothers Cinemas, whether it is Hong Kong or Southeast Asia." Yang Wendong nodded and added: "But this is fine, competition will give us motivation. If there is only one dominant company, it will lose the spirit of innovation. ”
Any industrial industry, service industry, or even art, if there is no opponent, will inevitably lose the motivation to move forward. This is true for mankind. This is common in business history and even at the national level.
If his purpose is just to make some money from Hong Kong movies, then finding a way to defeat his competitors and monopolize himself is also an idea; but his purpose is to create more high-quality movies, then there is The competitors are actually better.
“I understand, Shaw Brothers is indeed very capable.” Zou Wenhuai said: “In the past few years, they have also produced some good movies.”
“This is the only way Okay." Yang Wendong added: "In addition, after returning to Hong Kong, Announce this matter, and then inform all Hong Kong film companies that our overseas theaters in Changxing Cinemas will also give priority to Hong Kong movies. In Waifu, as long as their movies can make our theaters make money, they will definitely be better than those in Waifu. It used to be much higher.”
It is difficult to sell Waifu, because the core of Waifu is to sell to overseas Chinese theater chains; but more than half of these are controlled by Shaw Brothers and the Lu Group before, and they only play their own movies, so , except for Wanwan, if other film companies are not small hits, they can't even think of selling to Southeast Asia, or they can only work together with Lu and Shaw Brothers to suppress prices.
Now that I control the theater chain that used to be Lu Yuntao, I should help my own movies, but I will definitely not only broadcast my own movie company, which will easily hinder my innovation.
"In this case, it is indeed good news for Hong Kong film companies." Zou Wenhuai paused and said, "Just doing this will harm the interests of our own film company." Yang Wendong shook his head and said: "Let a hundred flowers bloom. If we want Hong Kong movies to be good enough, then we and Shaw Brothers are not enough;
As for what affects me We ourselves, don’t worry too much. We currently don’t produce many movies. Unlike Shaw Brothers and Lu Brothers, we will definitely have enough movies to play;
In the future, we will have more movies of our own. Don’t worry, because I will continue to expand theaters in Southeast Asia in the future, and we will have more screens to share with ourselves at that time.”
Today's acquisition of Lu's Line Selection is just the first step for me. I will definitely expand in Southeast Asia in the future. One is for Hong Kong movies, and the other is to get a share of Southeast Asia's economic development
"Okay, we My own movies are indeed not enough to meet the needs of so many theaters." Zou Wenhuai asked again: "What about Shaw Brothers' movies?"
Yang Wendong said with a smile. "Of course not, unless they promise that our movies can go to their theaters, then everyone can compete fairly together."
Under the management of larger modern governments, theater chains and film companies cannot be the same. For example, in the United States now, Hollywood is not allowed to control theater chains, and even distribution companies need to be independent. Of course, in order to develop the economy after the 1980s, control was relaxed again.
In a small place like Hong Kong, monopolies are rampant. Several large film companies have their own theater chains, and then only play their own movies, taking advantage of both upstream and downstream.
For capitalists, there are short-term benefits, but the hidden danger lies in the lack of innovation. In the original history, the Shaw Brothers movies were defeated by Golden Harvest in the later period, and this was the essential reason.
“That’s probably impossible.” Zou Wenhuai said with a smile.
Yang Wendong also nodded and said: "The operation of the theater chain here should still be left to the previous people. You can just keep a few people here to cooperate with them."
"Understood." Zou Wenhuai agreed.
Two days later, Yang Wendong and others returned to Hong Kong. This time, the merger and acquisition involving almost 60 million Hong Kong dollars gradually became known.
Hong Kong China Daily was also the first to expose this matter. On the home page, there were so many zeros as 60,000,000. It was impossible not to pay attention to it.
“60 million Hong Kong dollars?”
Several teenagers holding newspapers, after seeing this number , said sadly: "I don't even have 600 on me. Alas, people are so irritating."
"Haha, Aaron, the sticky note king used to live in a squatter house, and he is much worse than you. "
"Stop talking, there's no comparison," the young man said with a sigh.
Next to other newspapers and periodicals, many people had the same reaction. The figure of 60 million may not be very high compared to some large investments in Hong Kong in the past, but this seems to be the first time that Hong Kong Chinese capital has invested in Southeast Asia on such a large scale. ;
At the headquarters of Shaw Brothers Film Company, Shao Yifu looked at the newspaper with an ugly face. After a while, he exhaled and said: "I didn't expect Lu Yuntao to be dead. I thought I lost a competitor. , but I didn’t expect that his theater chain in Nanyang was actually bought by Yang Wendong.”
“There is no way, Yang Wendong’s capital is much stronger than ours,” said a person next to him.
Shao Yifu added: "It's just that I can't figure it out. Among Yang Wendong's many industries, none of them are much better than movies. Why is he willing to spend such a high price to invest in Nanyang's theater chain?"
In Hong Kong's current movie market, the highest box office is only one million Hong Kong dollars. Even if you include overseas films, this movie will only earn about one million at most. This is still the best one, and most of them are It's only tens of thousands. After a year, even if Shaw Brothers is so powerful, it only makes a few million in profit.
This kind of profit is far beyond the reach of even medium-sized real estate companies, let alone Changxing Group. There are many real estate communities where one can earn millions.
The person next to me said: "I don't know, maybe it's because of my hobby? Then Lu Yuntao is also a member of the family of a Nanyang mining tycoon. He came to the film industry, isn't it because he likes it?"
"If this is the case, it will be in trouble." Shao Yifu sighed.
When a huge amount of capital enters a small market, it is a disaster for the original players.
"What I am worried about is this." The person next to him said: "The newspaper said , Changxing Film Company will strive to send films from other Hong Kong film companies to Nanyang in the future. As long as the quality is good, it will definitely gain higher income.
Obviously, Changxing Film Company also took the opportunity to advertise and let other film companies know about it. ”
“Does he accept other film companies? "Shao Yifu thought for a while, and then said: "This is not surprising. Their theater chains in Hong Kong also accept other movies, and can even compete with their own movies normally. I don't know if it is Zou Wenhuai's or Yang Wendong's. mean. "
"Probably Yang Wendong. "The person next to him said.
Shao Yifu said: "Allow other movies to go to their theaters. It seems that Yang Wendong also wants to focus on the theater business. This will be cheaper for so many small film companies. Competition in movies will be much stronger in the future. "
"Maybe our movie can also be screened? "The person next to me guessed: "If it can be done, we will have an extra market. ”
Regardless of whether it is Hong Kong or Southeast Asia, theater chains all have coverage, so if the film is released in one more theater chain, it will definitely make more money.
"It's probably unlikely." Shao Yifu said: "But you'd better go and ask."
"Okay."
Many small movies in Hong Kong The company naturally quickly paid attention to this major event that affected them.
So, many people gathered together:
"Can our movies be screened in Nanyang in the future? Wouldn't that mean everyone would make a fortune?"
"I don't think it's possible. They spent 60 million to buy theaters just to make it convenient for us? "
"How is it impossible? Didn't Changxing Group invest in so many theaters in Hong Kong to show them to us? And since they have their own film companies, they don't have much influence on us, right? "
"Yes, Yang Sheng is really different from the previous theaters?"
"Then everyone should go back and make two more movies, so that we can eat easily in the future. The money went to Waifu.”
"Haha, you're right."
A group of film company bosses are very happy. With enough market, the spring of Hong Kong film industry is coming~
PS: Please give me monthly tickets
(End of this chapter)