Rebirth 2006, creating a super consortium

"Dong dong dong..."

"Please come in!"

Lu Xi opened the door and walked in. After coming to the desk and handing the document to An Xin, he said with a smile: "Boss, this is the operating information and shareholder information of TVB and Phoenix Satellite TV."

An Xin reached out to take the document, pointed to the chair casually and said, "Sit down, I'll take a look at the information first."

"Okay, boss!"

An Xin then began to look at the document carefully.

After spending about ten minutes reading the operating and shareholder information of TVB and Phoenix Satellite TV, I felt both happy and worried!

Let’s talk about TVB first!

I originally thought that TVB was Run Run Shaw's independent kingdom, and if you wanted to acquire TVB, you just had to contact him.

But the TVB information in front of her told An Xin a fact: young, or too young!

Shaw Yi-fu holds 26%.

Wing Hang Bank holds 16.2%.

JPMorgan Chase's Hong Kong branch holds 6.46%.

Fang Yihua holds 8.23%.

Chen Guoqiang holds 5.36%.

The small shareholder alliance holds 5.12%.

These six forces alone hold a total of 67.37% of TVB’s shares!

Among them, Run Run Shaw and Fang Yihua are joint actors, holding a total of 34.23% of the shares, obtaining a veto power and becoming the actual controllers of TVB.

Although the remaining four forces could not gain control, they each had their own plans and actually put their own people on the board of directors and management.

It's a complete mess!

After thinking carefully for a while, An Xin found that only the 6.46% stake held by JPMorgan Chase's Hong Kong branch was a sure thing to acquire.

"Lu Xi, apart from the 6.46% held by JPMorgan Chase, have other shareholders ever reportedly wanted to sell their shares?"

Lu Xi shook his head and said with a wry smile, "Boss, not only are they not selling shares, but they are slowly absorbing more shares through the secondary market."

"Especially Chen Guoqiang, who has already acquired nearly 1% of the shares in the past month. It seems that he has special thoughts about TVB."

Chen Guoqiang?

Sounds a bit familiar.

After quickly filtering her memory, An Xin immediately remembered who he was!

The next owner of TVB!

In 2011, Chen Guoqiang joined hands with Taiwan capital to acquire 62% of the shares from Run Run Shaw for HK$26 billion. Together with the shares he originally held, he was officially crowned the new generation leader of TVB!

Well, as expected, I lost a lot of money!

Thinking of this, An Xin suddenly came up with an idea.

"Lu Xi, I have a task for you!"

Lu Xi immediately straightened up and said, "Boss, please tell me what I need!"

"Contact Run Run Shaw first and try to find out if he has any intention of selling TVB."

"If you want to sell, just ask for the price directly. As long as the premium does not exceed 20%, you can make the final decision."

"If there is no intention to sell, then we will plan a hostile takeover and act like barbarians!"

"A hostile takeover?"

Lu Xi was a little stunned, but soon reacted and persuaded: "Boss, if Shaw Yifu insists on not selling, our malicious acquisition will drive up TVB's stock price!"

An Xin said with a smile: "It's just right to stir-fry it to the sky."

"what?"

Lu Xi was stunned after hearing this, and looked at An Xin with blank eyes, as if he wanted to know if there was something wrong with his boss' brain!

Seeing Lu Xi's confused look, An Xin did not continue to tease him, but directly explained: "Lu Xi, I have said before that TVB's most valuable asset is the copyright of film and television dramas, and we acquired TVB for the copyright of film and television dramas."

"But if it is difficult to acquire TVB, can we change our thinking?"

"For example, can we use a hostile takeover to force Shao Yifu to accept our alliance proposal?"

"The demands are not high. All we need is to agree to give us 10% of the stock repurchase profits and authorize the Internet copyright of TVB's films and TV series for years."

After patiently listening to An Xin's plan, Luxi fell into thought, but soon his eyes lit up!

"Boss, your plan is highly feasible and has a very high probability of success!"

"There is absolutely no problem with TVB's 30-year Internet licensing of TV series. Now no one cares about the Internet copyright of TV series at all!"

"But 10% of the repurchase profit is not enough! If we operate properly, we can sell most of the shares through the secondary market, and the profit will be more than 10%!"

An Xin nodded with satisfaction and said, "I don't care how to do it. You can handle it. I just want the result."

Lu Xi stood up in a slightly funny way and saluted An Xin, and said cheerfully: "Boss, I promise to complete the task!"

Seeing his funny look, An Xin couldn't help laughing. She waved her hand and said, "Okay, stop being funny. Sit down and continue talking about Phoenix TV."

"Okay, boss!"

Compared with TVB’s chaotic equity structure, Phoenix TV’s equity structure is much simpler!

The largest shareholder of Phoenix Satellite TV is Liu Changle, who holds 37.54% of the shares of Phoenix Satellite TV through Asia Today and is the founder and actual controller of Phoenix Satellite TV.

The second largest shareholder of Phoenix Satellite TV was originally Star Media, which also held a 37.54% stake in Phoenix Satellite TV.

But in June, China Mobile acquired a 6% ​​stake in Phoenix TV from Star Media for HK$10 billion, directly becoming the second largest shareholder.

The remaining 17.64% stake in Phoenix TV by Star Media was also sold to an unlucky guy in the espionage case for HK$9 million that month!

After this unlucky guy got 17.64% of Phoenix Satellite TV’s shares, he sold 0.34% of them through the secondary market, and the remaining 17.3% of them were finally lost to An Xin.

Therefore, the third largest shareholder of Phoenix Satellite TV is An Xin himself!

In addition, there is an old face in the list of major shareholders of Phoenix TV - Beijing Zhaode!

Jingcheng Zhaode holds 8.36% of the shares of Phoenix Satellite TV through Xiangjiang Zhaode, making it the fourth largest shareholder of Phoenix Satellite TV.

Tsk, this way, it would be much easier to forcibly acquire Phoenix TV!

He only needs to take over the 19.9% ​​held by China Mobile and the 8.36% held by Jingcheng Zhaode, plus the 17.3% already held, which would amount to 45.56%, successfully surpassing Liu Changle and becoming the largest shareholder of Phoenix Satellite TV!

If you sweep up another 5% of the shares from the secondary market, you can apply for forced privatization and delisting!

As for how to acquire the equity held by China Mobile and Jingcheng Zhaode, it is not difficult!

After figuring it out, An Xin made a gesture to Luxi to keep quiet, then picked up the phone and called Zhao Dezhu.

He is a shareholder of Beijing Zhaode, you can definitely find him!

"Hello? Boss An, what do you want to talk to me about?"

An Xin didn't hesitate and said straight to the point: "Boss Zhao, I need your help with something. Name your price for the Phoenix TV shares held by Beijing Zhaode and China Mobile!"

...

"Boss An has set his sights on Phoenix TV?"

"Yes, so we need Boss Zhao's help!"

"No problem. Then, Boss An, do you want to cooperate normally or use up your favor?"

"Oh?"

An Xin was a little curious: "What do you mean by normal cooperation? What do you mean by consuming favors?"

"Normal cooperation means that Boss An will pay a 20% premium. I will help Jingcheng Zhaode and China Mobile to acquire Phoenix TV shares. As for how much I can earn from it, that's up to me. It has nothing to do with Boss An."

"As for using up a favor, don't I owe Boss An a favor?"

"If Boss An is willing to offset the Phoenix TV shares held by Jingcheng Zhaode and China Mobile, I will also arrange for Liu Changle's shares to be offset, and there will be no premium!"

wdnmd!

Can you still play like this?

No, you guys are just spending too much time here, aren't you?

An Xin was shocked!

At the same time, curiosity about the capital city of Zhaode reached its peak!

This energy is too great!

"Hey, hey, hey, Boss An, why are you silent? Give me a definite answer! Which one do you choose?"

An Xin quickly withdrew her thoughts and replied quickly: "Boss Zhao, there is no need to use up the favor for now. I am willing to pay a 20% premium. Just help me get the equity held by China Mobile and Jingcheng Zhaode."

"Oh, is that so? All right, I promise to help you get it done within a week!"

My goodness, these words are filled with regret, regret that An Xin did not use up that favor!

An Xin is certainly not stupid. How can favors be used here?

"Okay, then I'll wait for good news from Boss Zhao!"

"Okay, let's do this for now. I'll notify Boss An when it's done. Bye!"

"goodbye!"

An Xin put down the phone, looked up at Lu Xi and ordered: "Lu Xi, TVB will handle it according to the plan we just discussed."

"As for Phoenix TV, you should sweep up 5% of the shares as soon as possible without causing drastic fluctuations in the stock price!"

Lu Xi immediately nodded and said, "No problem, I promise to do it!"

"Okay, then go ahead and get busy. I'll wait for your good news!"

...