Chapter 168 168 [Absorbing Theaters]
In the eyes of outsiders, Jianing Company is a behemoth. It has the same terrifying power as those large British-funded companies that have been established for decades. If it is provoked, it will be suppressed. .
So, even if it is New World Development, it does not want to be an enemy of Jianing Company. After all, Zheng Yutong pursues the principle of 'harmony brings wealth'.
Luo Qihong is different. He knows that Jiani Company is just a powerful foreign company and is about to 'negotiate with the mainland.
He is just trying to get the wool in advance. Even if Chen Songqing really wants to target Zhaoan Real Estate or other companies under his subsidiaries, he is not afraid, because Chen Songqing’s power is still limited to Xiangjiang. As long as he shrinks the front, Chen Songqing will Song Qing was helpless.
Jianing Company pursues the method of acquisition and stacking, which is developed based on bank loans. Once the acquisition process is stopped, problems will immediately appear.
This is one of the reasons why Luo Qihong dared to 'rob' Chen Songqing.
If Luo Qihong is allowed to run Jianning Company, the only way to solve the debt problem is to learn from Weili, the former chief executive of Hutchison Whampoa Company, and sell off all its non-performing companies to raise funds to solve the debt.
Of course, Jianing Company can also raise funds through rights issues, but with debts of several billion yuan, it may be difficult to raise all the funds.
The next afternoon
Zhaoan Real Estate Company and Jiali Company held a joint press conference and announced to the public that Zhaoan Real Estate Company had canceled the acquisition and sold its 14% equity stake in Jianing Enterprise Company at the invitation of Jiani Company.
6% of the stocks have been sold on the stock market, with a total of 110 million yuan withdrawn, with a profit rate of 35%.
As a result, reporters began to ask whether Zhaoan Real Estate Company’s move was a secret operation? Is there any act of deceiving shareholders?
Luo Qihong naturally denied such doubts. Acquisition is a commercial act. As long as it is beneficial to the company's profits, then of course he, as the company's operator, must adopt the plan.
Zhaoan Real Estate Company is only responsible to the company's shareholders and shareholders, and does not need to be responsible to anyone in other companies.
At the same time, Luo Qihong announced in public that Zhaoan Real Estate Company had made a profit of 29 million yuan from this project.
A series of good news was released, and the stock price of Zhaoan Real Estate Company ushered in a moment of surge.
Baoxiang Film Company Studio
Luo Qihong came here to visit Guan Jiahui, and at the same time showed his face to make his presence felt.
With Jiahui's presence, Luo Qihong's plan to woo Zhong Chuhong has lost hope. He can only think of another way. Fortunately, he hasn't taken that step yet, otherwise it will definitely be impossible to woo Zhong Chuhong.
"How was your work today?" Luo Qihong sat next to him and watched Guan Jiahui drink water.
Guan Jiahui curled her lips and complained, "The work here is much harder than being an agency. If I had known better, I wouldn't have come here to do this job."
Luo Qihong chuckled and said, "The staff behind the scenes are paid. It’s all hard work, and the same goes for actors. You see, they are glamorous in front of others, but they also work hard behind the scenes.”
“I know, when will I be able to make money like you?” Guan Jiahui said with some envy.
Luo Qihong smiled and did not answer. In his opinion, if Guan Jiahui had a lot of money, he would probably fly away and be out of control.
"Luo Sheng, do you have some free time? I have a project here that I would like to discuss with you." Hong Jinbao stood in the distance for a long time before coming over.
Luo Qihong nodded upon hearing this, "Okay, let's talk."
In the small office
Cen Jianxun has been waiting inside for a long time. When he saw Luo Qihong, Shout "Luo Sheng!"
Although Luo Qihong is very young, he is the major shareholder and has control. He can even use some means to kick Shun Jianxun and Hong Jinbao out of Baoxiang Film Company. Luo Qihong nodded, sat down and asked, "Just tell me what it is."
"Luo Sheng, you should know that what our film company is most worried about is the release issue, and the current theater chain is mainly in the hands of the three major companies. However, recently Shaw Brothers Film Company released news that it wants to We want to rent out our theater chains, so I came to ask what you mean." Cen Jianxun and Hong Jinbao looked at each other and said.
In the late 1970s, Golden Harvest Entertainment and Shaw Brothers Film Company fought fiercely, finally ousting the old overlord Shaw Brothers Film Company. Today, Shaw Brothers Film Company has semi-retired. Few new movies are released.
However, Shaw Brothers Film Company still has some influence in the Hong Kong film industry. Its cinemas and theater chains are all playing a role and collect a large amount of rent every year.
If it hadn’t been for the death of TVB head Xiaohe Li last summer and Run Run Shaw taking the opportunity to be elected as the general manager of TVB, I am afraid he would not have let go of the power of the film industry so easily.
Now that a large number of film companies have emerged, it has become impossible for Golden Harvest Entertainment to recreate the glorious era of Shaw Brothers Film Company. Therefore, Zou Wenhuai of Golden Harvest Entertainment does not restrict artists from establishing companies, so many people want to challenge Golden Harvest Entertainment. status, Hong Jinbao and Shum Jianxun of Baoxiang Film Company are one of them.
Nowadays, theater chains are very valuable, but their income is not stable. Run Run Shaw has devoted himself to the management of TVB TV stations, so naturally he does not have much energy to continue managing the theater chains.
"How much rent do Shaw Brothers want per year?" Luo Qihong asked seriously.
“12 million yuan a year’s rent!” Cen Jianxun replied.
Baoxiang Film Company does not have this kind of funds. The two people’s proposal clearly hopes that Luo Qihong can find a way. After all, 12 million yuan is not a small number.
"Should the rent be paid in advance or after the deadline?" Luo Qihong asked again.
"Luo Sheng, the other party wants to pay in advance, but according to our estimates, the profit of Shaw Brothers Film Company's theater chain in the year before last and last year was not 10 million yuan at all, so we can lower the price. It can probably be reduced to 10 million yuan, and at the same time, the other party can be persuaded to pay 20% to 30% of the down payment, and the remainder will be settled at the end of the year." Cen Jianxun explained the plan he had thought of.
Both of them had their eyes on Luo Qihong, hoping that Luo Qihong would agree.
“30% of 10 million, which is 3 million, do you want me to pay the 3 million?” Luo Qihong said.
Baoxiang Film Company belongs to everyone, there is no reason for Luo Qihong to part with the money.
Shun Jianxun explained, "Luo Sheng misunderstood! We are planning to set up another company to take over the theater chain of Shaw Brothers Film Company, and we will also jointly manage it."
"The new company needs to raise 4 million We can subscribe for equity according to the proportion of capital contribution. "
Luo Qihong smiled and said, "You manage the company, and some technical stocks should be counted. Let's do this, each of you will have 5% more technical management, and the rest. 90% of the investment will be used to subscribe for equity.”
“Thank you Luo Sheng!” Hong Jinbao and Shun Jianxun happily agreed.
"You're welcome, you deserve this." Luo Qihong waved his hand and said, "How much capital do you plan to invest and how much equity do you plan to subscribe for?"
"Luo Sheng, you can hold 50% of the shares, and Sanmao (Hong Jinbao's nickname) and I both hold 25%. What do you think?"
Luo Qihong nodded and said, "Okay, then subscribe according to this ratio. , How do you plan to sign a contract with Shaw? How much will the rent increase year by year? "
"We plan to sign a contract for three years, and the rent will increase by 5% every year." The theater owned by Shaw Brothers Film Company is old, and I plan to get Run Run Shaw to rent it out on the condition of free decoration. "
Luo Qihong nodded. This will just provide some work for Fengtu Construction Company, which is fine. Cheating the new company, "Okay, this plan is very good, then you are responsible for negotiating with Run Run Shaw and the others, I will not come forward."
(End of Chapter)