Chapter 178 Unexpected Good News
Ten million Hong Kong dollars, six cinemas, an average of about 1.667 million each. This price is actually not low for these six high-quality cinemas under their umbrella.
Su City had someone evaluate it and found that if sold normally, the average selling price would be about HK$1.5 million. Before coming, Su City had already thought about the purchase price.
Ten million is his sincerity.
If it is just a newly established cinema, 10 million Hong Kong dollars can easily open more than 10 cinemas.
But Su Cheng feels that with the reputation and reputation of the six cinemas under the Lai Sun Group, the HK$10 million is well worth it.
"Mr. Su, since you want to develop into the entertainment industry, then I am very happy with the beauty of adulthood. I agree to this deal." Lin Boxin said directly.
Lin Boxin's cheerfulness surprised Su Cheng.
He thought that even if Lin Boxin finally agreed to sell, it would have to go through many rounds of negotiations.
But now, I simply agreed.
"I have made Mr. Lin a friend. If you may be able to help with business in the future, please feel free to contact me!" Su Cheng said with a smile.
“I think there are not many people in Xiangjiang who can be recognized as a friend by Mr. Su. This is really an honor for me.” Lin Boxin joked.
Although he can't compare to Su Cheng in terms of wealth, he actually doesn't need to act based on anyone else's face.
It’s just that a businessman like him who has been in business for many years will naturally not offend people for no reason.
In the business world, although interests are paramount, true friends are rare.
But as the saying goes, you rely on your parents at home and your friends when you go out. The same goes for doing business. It is doomed to be difficult to go smoothly all the time if you work alone.
"Mr. Lin was joking, but to be honest, you are right. I really don’t have many friends, especially rich friends. Before you, the only ones who could be called friends were Mr. Bao," Su Cheng thought for a while and said seriously.
Although it has been five years since he came to this world, he has been very low-key in the past five years. No matter what he does, he does it secretly, or directly lets his subordinates take over.
After Su Tianhe died and avenged him, Su Cheng no longer had to do everything he could to avoid being discovered like before.
"Since Mr. Su recognizes me as a friend, let me play my role. Do you want to develop theater chains? Then I have a way for you to catch up quickly in the theater chain. Jiahe Department and Shaw Brothers Department," Lin Boxin said with a smile.
"Oh? Please tell me, Mr. Lin." Su Cheng became curious.
In the Hong Kong film industry, Golden Harvest and Shaw Brothers now form a bipolar structure.
The same is true for theater chains. Golden Harvest and Shaw Brothers both have their own theater chains.
Among them, Golden Harvest Cinema Line owns 19 theaters, and Shaw Brothers Cinema Line owns 16 theaters.
So, the movies they produce are basically self-sufficient by relying on their own theater chains, and rarely cooperate with outside theaters.
Only for movies that have very high box office, they will open wider channels, such as showing them in theaters without the support of film companies, such as theaters owned by Lai Sun Group.
This situation is very rare.
"Mr. Su must have heard of Mr. Lei Juekun, right?" Lin Boxin asked with a smile.
"Mr. Lei? You should be talking about the boss of Kowloon Bus. Of course I have heard of him." Su Cheng said.
At this time, he also guessed why Lin Boxin mentioned Lei Juekun.
This person will also be a big boss in the entertainment industry in the future.
The financial backer behind the famous New Art City Pictures Co., Ltd. is Lei Juekun. Throughout the 1980s, the rise of New Art City forced the two enemies, Golden Harvest and Shaw Brothers, to unite, but they were unable to fight against each other.
You can imagine how powerful New Art City was in the 1980s.
It’s just that New Art City hasn’t appeared yet.
Lei Kwok-kun is only known as the major shareholder of Kowloon Bus.
In fact, Lei Juekun is not only the owner of Kowloon Bus, he also took advantage of the excitement to join the real estate army.
But in the real estate industry, the Lei family has never achieved much.
So, the Lei family launched a Lisheng cinema chain.
The Lydia Cinema Line owns four theaters, namely Lydia Cinema, Roxy Cinema, Kai Sheng Theater and Hua Sheng Cinema.
These four theaters are not only located in the most prosperous areas of Hong Kong, but the luxury of the theaters is no worse than that of Shaw Brothers Theater and Golden Harvest Theater.
In order to survive in the fiercely competitive environment in Hong Kong, theater owners Lei Juekun, Feng Bingzhong, Ng Zhaocan, Chen Rongmei, and Li Maowen joined forces at the beginning of this year to merge or rent theaters to establish a new Li Sheng Cinema Line has brought the number of temporarily established theaters to 16.
It can be said that today’s Lisheng Cinemas is no worse than Shaw Cinemas and Golden Harvest Cinemas.
If Sioux City had not appeared, by 1980, Lisheng Cinemas would have been renamed Golden Princess Cinemas, and at the same time it would have started to invest in movies, and then it would have started its glorious 10 years.
The reason why Lei Juekun now chooses to join forces with other theaters is actually a kind of grouping to keep warm in the competition between theaters.
In order to attract independent productions, they also used guaranteed distribution methods that are now popular in the mainland, and the service fee is only 5%.
However, such blind competition has also offended the two giants of Hong Kong movies, Shaw Brothers and Golden Harvest.
So, Lisheng Cinemas is being targeted today, or by the two major film giants.
The consequence is that there are no high-quality film companies to provide them with movies, and they can only play movies from some small film companies.
This makes their theater business even more miserable, and they are basically losing money.
Therefore, Lei Juekun is very worried about the Lisheng Cinema in his hands.
"Since Mr. Su knows Mr. Lei Juekun, it would be best. The reason why I introduce him to you is because Mr. Lei is currently encountering difficulties in the theater chain. If you are interested in Lisheng Theater If you are interested in the line, there is a high chance that you will be able to acquire their Lydia Cinemas. The Lydia Cinemas now has 16 theaters, plus the original six theaters under our Lai Sun Group, there are a total of 22 theaters. If you add Lydia Cinemas With the acquisition of Shengjiang Cinemas, as long as there are enough film sources, the situation of Xiangjiang Cinemas can be directly changed!" Lin Boxin said with a smile.
"What's the relationship between Mr. Lin and Mr. Lei?" Su Cheng asked.
"We have many contacts in business, so we are relatively familiar with each other." Lin Boxin thought for a while and replied.
"Then I wonder if Mr. Lin can help find out whether they are willing to sell Lisheng Cinemas?" Su Cheng directly stated his request.
"This is a small matter. I'll find a time to chat with Mr. Lei privately. If there is any news, I will give you feedback in time." Lin Boxin said with a smile.
Lin Boxin naturally doesn't mind helping her with her mouth.
In this way, Su Cheng can still be favored. If the matchmaking is successful, it will be considered a big favor.
"In that case, please trouble Mr. Lin. I will ask the person in charge of Hutchison Real Estate to contact you as soon as possible to achieve cooperation on the Chai Wan Industrial Park project as soon as possible." Su Cheng nodded in response.
For Su Cheng, this is unexpected good news.
(End of this chapter)