Chapter 409 Becoming a Media Tycoon
Chapter 409 Becoming a Media Tycoon
Yin Zhaotang picked up the cooperation agreement between Huaxing Records and Zhonghe Electronics, his eyes fell on the cover of the TVB share transfer agreement, and smiled with satisfaction: "Mr. Shao is really well prepared and knows the general situation."
When Shaw Yi-fu heard the young man's condescending comments, he no longer felt humiliated. He held the Chinese cane in his right hand, wrapped it with a piece of sterile cotton, and sighed in deep approval: "TVB has been poorly managed recently and is being sold at a discount. It is definitely a good thing for Mr. Yin to take over."
"In the future, Shaw will better transform into real estate and do more construction."
The media industry has always been an industry seriously affected by politics. After Li Ho-wo passed away in 80, the Hong Kong Island Li family directly sold its shares, largely because of the political turmoil in the Sino-British negotiations.
The Li family was afraid that the British would not be able to take control, so they chose to take the money and run, leaving only one person holding 10% of the shares and a seat on the board of directors.
At the same time, the British financial group was afraid of political risks and did not dare to take over, so it was Run Run Shaw's turn to take charge.
When the Chinese side showed an attitude of confidence in victory, Liang Manping of Dashe named others at the symposium, which was actually an ultimatum.
Giving up its industry share now would be a sign of surrender, but if it continues to hold on to it, TVB may be delisted and liquidated.
It is obvious which is more important, selling TVB shares or bringing down the entire Shaw Brothers.
Yin Zhaotang crossed his legs, sipped his coffee, and looked through the documents. He asked, "Mr. Shao is going to switch to real estate and build properties?"
After the start of the first round of Sino-British negotiations, Hong Kong Island real estate entered a downward trend and was halved by 84. A major factor was the withdrawal of British trading companies.
The richest foreigners were afraid to buy land, causing the real estate industry to be downturned. Those who dared to enter the real estate industry in 83 objectively played a role in supporting the market.
The four major real estate developers that flourished in the 80s have always been criticized for their many drawbacks, but they managed to support the economy of Hong Kong Island during the period of power transition.
It has the miraculous effect of taking over British capital and boosting the economy. The real estate economy is a strong medicine. Whether it is good or bad depends on whether it works.
Shao Yifu looked kind and spoke softly: "I have been engaged in real estate in Southeast Asia for many years. Amusement parks, circuses, and cinemas are all types of real estate."
"I would rather learn from Bao Sheng and Hu Sheng and invest in some hotels and infrastructure in China."
Yin Zhaotang's eyes lit up: "Mr. Shao has established an education fund, donated to the country, and invested in infrastructure. He has great potential in the future."
"There are too many changes in the Huaxing plan. It's a bit too much. For example, the subsidiary of Zhonghe is unnecessary. Just stick to the previous version."
"I will only take 10% of TVB's shares first. You and I will act in concert. You will still be the chairman of TVB, but I will appoint an executive president."
Shao Yifu had already thought about this possibility and nodded readily: "No problem."
After all, the British are in power in Hong Kong at the moment, and a pro-China Tripartite leader holds absolute control of the largest media company and even becomes the chairman of the board of directors.
If this incident were reported in the newspaper, it would definitely cause a sensation in Hong Kong and attract targeting from the authorities.
As for the false title of "Media King", it is true that it sounds pleasing to the ear, but the real thing is the benefits that can be firmly grasped. Besides, 10% of TVB's shares will cost 20 million.
Thirty percent of the shares cost sixty million!
Yin Zhaotang emptied all the subsidiary accounts and laundered the income from the hall, raising at most 30 million yuan to take 10% of the shares, and the cash flow was sufficient.
There is not enough capital to acquire 30% of the shares, and mainland China has no plans to enter the market and hold shares.
Using political influence to reshuffle Hong Kong Island is a market management operation, but when the officials themselves get involved and eat the meat, it is a cleansing of one class by another.
At present, the domestic situation is mainly conciliatory and will never show its fangs easily.
When Lee Ka sold his shares to Shaw Brothers, it was equivalent to HK$1 per share. The next year, Shaw Brothers went public with an issue price of HK$2.65 per share.
A total of 1.07 million shares.
Shaw Yifu sold the shares to him at the same price he paid for the shares of the Li family three years ago. He could double the price if he bought them, and could cash them out when they went public. But Yin Zhaotang would not be so stupid as to sell off his future political capital at a low price, and become a patriotic entrepreneur, opinion leader, media tycoon, and TVB chairman.
It is no exaggeration to say that he has reached a position where he can enter the lobby and become a representative.
After the two signed the transfer agreement, Yin Zhaotang theoretically became the third largest shareholder and actual controller of TVB, because the executive president was appointed by him.
He has the final say on TVB's development direction, artist training, etc.
With Run Run Shaw continuing to sit in the position of chairman of the board, he can maintain relationships with the authorities and it will be easier for him to intervene in management.
After closing the document, Yin Zhaotang stood up and said, "Let's hold a board meeting."
Shao Yifu closed the pen, handed it to the secretary, and replied with a smile: "I have already notified the board members that Mr. Yin is free. Please come with me to the meeting room."
"it is good."
Accompanied by their secretary and lawyer, the two walked out of the office, crossed a corridor, and came to a small meeting room.
Li Rongsen, Shao Weiming, Liang Shuyi, and He Dingjun, four TVB directors, were already seated. When they saw Shao Sheng, a young man with a white suit, neatly dressed, and strong features, coming to the table, they immediately stood up, nodded, and greeted, "Shao Sheng, Director Yin."
Li Rongsen is the son of Li Xiaohe and still holds more than 20% of TVB shares. As the founder of TVB, the Li family had an absolute controlling stake of more than 51% in the early years.
They still hold a lot of shares, but the Li family is a comprador family, one of the "Four Great Families" in Hong Kong Island, and helped the foreigners sell opium before World War II.
The equity shares on hand are held on behalf of the British consortium. They are not involved in the operation and are still looking for opportunities to continue selling.
Shaw Wai-ming is Shaw's eldest son, responsible for coordinating the cooperation among Shaw's companies and managing TVB's accounts. Leung Sak-yee and Ho Ting-kwan are both Shaw's trusted men, holding only a few percent of the shares. The former is responsible for program production, while the latter is responsible for personnel management.
After Yin Zhaotang greeted the three people, Shao Yifu officially announced the share transfer agreement, and everyone applauded and welcomed it.
Subsequently, Run Run Shaw announced that a new position of "Executive President" would be created in TVB, and the new director Yin Zhaotang would be responsible for recommending candidates.
Shao Weiming, Liang Shuyi and He Dingjun understood that Yin Zhaotang wanted to participate in management and gradually take over power.
The three of them are executive directors and general manager level. The purpose of establishing a new executive president is to override the three.
As a new director, parachuting into the management team is undoubtedly an unwise decision.
Among them, He Dingjun and Liang Shuyi's eyes unconsciously glanced at Shao Weiming. Expelling the surname Shao from TVB was obviously a perfect token of loyalty.
Yin Zhaotang's eyes were also wandering between the two of them. Who told Young and Dangerous that they only knew how to make pornographic programs and not TV programs? They had to select their confidants from within the TV station.
But he will not speak out at the first board meeting. The distribution of core interests has to be discussed in private.
Last night, the well-informed Shaw artists had already received the news that TVB had a new "owner", and they all found excuses to return to Wutaishan Building to inquire about the news.
When Yin Zhaotang and Shao Yifu walked out of the conference room side by side, accompanied by Liang Shuyi and He Dingjun, they went downstairs and walked through the lobby, there were Huang Rihua, Wen Meiling, Miao Qiaowei and Zheng Shaoqiu.
A group of artists with titles such as "Wireless Five Tigers" and "Wutai Mountain Hua Dan" gathered in front of the gate to chat.
The three directors walked out of the elevator, chatting and laughing. The artists came forward one after another and greeted them, "Director Yin, President Liang."
This was Mr. Yin's first meeting at TVB. Whoever called out Mr. Yin's name first would have a chance to share resources. Amid the endless calls, Yin Zhaotang only remembered the few people who spoke first in the few steps he took.
(End of this chapter)