Legend of Xiangjiang Tycoon

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The new consortium consists of Lin Baixin's Lai Sun Group, Zheng Yutong's New World, and He's Entertainment Company.

Lin Baixin was born in Chaoyang County, Guangdong Province in 1915 and came to Hong Kong in 1945 for development. Starting from the "walking street", he started as a sock-weaving workshop. By the end of the 1980s, he had become one of the top ten richest people from Chaoshan in Hong Kong.

His crocodile shirt is an international famous brand, and he is a tycoon in Hong Kong's garment industry; he also invests in real estate and owns a large number of land properties.

Lin Baixin's son Lin Jianyue actively supports his father's acquisition of ATV. Coincidentally, Zheng Jiachun also strongly supported Laodou to buy ATV.

The largest shareholders of the new group are Zheng Yutong and Lin Baixin. The Lin family has as many as the Zheng family. The He family is next, accounting for only 5%.

Zheng Yutong is the chairman of the board of directors, and the permanent leadership of ATV is Zheng Jiachun and Lin Jianyue, the sons of Zheng and Lin.

Zheng Yutong said: "We all know that ATV is an abyss of losing money, but we believe that in Hong Kong where free competition exists, the situation of any one company's dominance will not last long."

The first major move of the new group is to hire a strong woman, Selina Chow, as the director and chief executive officer with a high salary. Selina Chow once held an important position in TVB, this is a big hit for TVB.

TVB fought back, trying to push ATV back to the passive position it was in when Qiu Degen was in power. Selina Chow has strong financial support, she is not passively accepting moves, but a full-scale attack.

The ATV channel has a lot of good shows and colorful shows. People in the circle said: "Actually, the scenes behind the scenes are more exciting than the scenes before the scenes."

Therefore, the climax of TVB ATV's competition began when Selina Chow took charge of ATV. In TVB's face-to-face confrontation, the person in charge is also a strong woman, namely Miss Fang Yihua, the chief executive officer. The dispute between the two Taiwans turned into a conflagration.

The Chairman of TVB, Mr. Run Run Shaw, was in an embarrassing situation when he was challenged by Golden Harvest.

He was struggling to meet the challenge, and watched TVB's profit drop by 20%. Even so, TVB is still the leader and a big profit maker. The huge advertising revenue can still make all shareholders smile.

Although Selina Chow has gained fame, rumors about her are also floating in the media world like a ghost: her achievements are covered with gold, dollar and silver paper, and the advertising revenue is not enough to pay, and she loses 300 million a year; she spends 100 million a year If this is the case, the shareholders will be heartbroken; when He Zuozhi hurriedly shut down Jiayi TV, he couldn't bear his "spend".

However, two events that happened in 1991 confirmed that the rumors were not groundless. In February, Zheng Yutong resigned as the chairman of ATV and was replaced by Lin Baixin.

Immediately afterwards, Lin Baixin, the new chairman of the board of directors, publicly criticized Selina Chow to the media, saying that her political achievements were "three points of merit and seven points of fault". Her fault was precisely the "rumor" in the rumors.

Lin Baixin appointed his "old retainer" Cao Guangyu as the executive vice president, with the purpose of taking the president Zhou Liangshuqing out of the picture. Zhou Liangshu was afraid of retiring to the second line, and then took charge of the government, so she pretended to be a consultant to the board of directors.

Lin Baixin and Cao Guangyu have no experience in the communication industry, so they recruited Li Peiquan and Zhao Zhenqiang, who had worked in TVB, and entrusted them with the important positions of assistant chief executive and director respectively.

Three generals, Cao, Li, and Zhao, took office as new officials. Under the new banner of Lin Shuai's "profit center", they once again ignited the battle against Wireless.

Unexpectedly, the three of them repeated the mistakes of the strong woman. They have the same problem, the screen is huge, and the book debt is high-the estimated annual loss is still 300 million.

From April 30, 1992, Lin Baixin fired Li Peiquan and Zhao Zhenqiang first; less than half a year later, he took the old retainer Cao Guangyu under the knife. Public opinion thinks that Lin Baixin is too unfeeling. He used his strength as a treasure at the beginning, but now he discards it like a shoe.

By the beginning of 1994, Lin Baixin had bought the shares of Zheng Yutong twice. In this way, the Lin family's shareholding in ATV Jihui is as high as 67.5%, New World owns 27.5%, and Lisboa Entertainment still holds 5%.

In April, Lin Baixin, chairman of the board of directors, resigned as CEO, and the position was replaced by Lin Jianyue. Asia Television became the home of the Lins and his sons.

The top management of TVB is basically calm and fishy. The chairman is Run Run Shaw and the chief executive is Zheng Junlue.

After Zheng Junlue immigrated to Canada, Fang Yihua took over. However, if it is too stable, it may not be stable, at least there is a crisis of aging mechanism and lack of vitality.

Jin Feng, a Hong Kong writer, publishes at least one article about TVB's struggle for hegemony in the magazine "Hong Kong Style" every year.

One of the articles said: "After the reorganization of ATV, it can be said that it will not use all efforts to poach TVB, and it has a 'brilliant record. There are also behind-the-scenes personnel. ATV's poaching is implementing a silver bullet policy, trying to make TVB completely unrecognizable, leaving some unfamiliar faces, and those familiar and favorite faces of the audience will appear on the ATV screen. If coupled with the organization's If there are high-quality programs, the audience will be attracted to ATV. It is for this reason that the ratings of YeTV are constantly rising. If one goes up, the other goes away. How can TVB be nervous?"

Selina Chow is from TVB, she is familiar with TVB's old team and has a good relationship. What's more, with the silver bullet as bait, how can TVB's new and old staff not be moved? Once the contract is completed, Lao Yan will fly separately.

Facing ATV's poaching attack, Wireless's hearts fluttered, but Uncle Six remained steadfast. Everyone knows that ATV is the "silver bullet of capital", TVB only needs to tighten the dividends of shareholders a little bit, and it will splatter ATV's silver bullet with blood.

Boss Shao doesn't think so, offering high salaries to keep people is tantamount to releasing his blood—Uncle Six has brought the frugal style developed by the studio to Wireless.

In his view, entertainers are greedy. They want 20,000 when they have 10,000, and want 30,000 when they get 20,000. Their greed cannot be satisfied.

Run Run Shaw stares at you for a while, and the number of stars he holds out is unknown. Faced with ATV's poaching, Uncle Liu didn't panic, he believed in his ability to recover, and after leaving the old roles, he could win new ones. Who doesn't like to watch Jade and Pearl? Love Wu and Wu, the audience should also like the new characters that appeared in Jade and Pearl.

Uncle Six has indeed presented some new roles that the audience are looking forward to, but ATV has both poached and supported the roles, and in "Cass", it beat TVB first.

TVB also released silver bullets to retain old employees, and dug silver hoes into ATV's lair. However, TVB's silver hoes were not enough, and they only dug into ATV's backyard—only Li Zhaoxiong and a few behind-the-scenes personnel went to TVB.

As for ATV, it not only dug up the backyard, but also demolished the facade—it called Wang Mingquan, Shen Dianxia, ​​Zheng Shaoqiu, Li Xiangqin, Lu Haipeng, etc. TVB's front desk pillars under the banner of ATV.

ATV is gradually gaining the upper hand in terms of talents, but the price it pays is huge, and the deficit remains high. Poaching hero Zhou Liang Shuyi lost power because the silver bullets were too big and too indiscriminate.

In 1987, Zheng Yutong, Li Jiacheng, Li Zhaoji, and Rong formed a Chinese-funded consortium to discuss the acquisition of Hongkong Land Company.

This year, the Hong Kong stock market was full of bullishness, and the Hang Seng Index hit a new historical peak, reaching 3949.73 points.

After the Chinese-funded consortium absorbed part of Hongkong Land's shares, it kicked off the acquisition battle: it announced the full acquisition of Hongkong Land at a price of 17 Hong Kong dollars per share.

This was a blow to the head for Simon Keswick, who had just breathed a sigh of relief. When Ximen was interviewed, he remained calm: "The door is always open. The problem lies in the price."

The media speculates that Ximen and Bao Weishi may have their own tricks in their pockets; more likely, Jardine is preparing to retreat and just took advantage of this opportunity to cash in at a high price.

While the Chinese consortium was negotiating with the Keswick family, and the two sides were bargaining and arguing endlessly, on October 16, 1987, the Wall Street stock market in the United States suddenly plummeted, triggering a global stock market crash.

On Monday, October 19, when the Hong Kong stock market opened, the Hong Kong stock market plummeted 421 points. The chairman of the stock exchange, Li Fuzhao, ordered a four-day suspension. After the market resumed on the 26th, Hong Kong stocks still plummeted.

The Hong Kong stock market is "wrecked everywhere", and real estate is shrouded in frost and rain. All listed companies have lost their wings and are too busy to take care of themselves. The acquisitions died down.

It is true that for listed companies, only the market value has fallen, and the actual assets are still the original ones. Therefore, the worst victims of the stock market crash are investors, whose assets are stocks.

The stock market was gloomy, and stock prices continued to slide. In order to prevent the decline, Li Jiacheng and other Chinese giants took actions to rescue the market. Li and Cheung Kong used HK$15-2 billion in cash to absorb the shares of their four listed companies.

Li Jiacheng can be said to be the smartest person in the world. On the one hand, he won the lofty honor of "savior"; on the other hand, the value of the stocks he bought at a low price increased greatly after the stock market turned from bear to bull.

In March 1988, the stock market recovered, and the Chinese consortium made a comeback and once again declared war on Hongkong Land. The news sent the sluggish Hongkong shares up to HK$8.9.

On April 2, the Keswick family jointly issued new shares through their affiliates Yice and Mandarin Oriental, and also used the Chinese consortium as a move. The two sides frequently counterattacked. On May 4, Li Jiacheng and other Huaxian giants negotiated with Jardine Simon Keswick and other high-level people.

Ximen's asking price is 17 Hong Kong dollars per share, which is the price offered by the Chinese consortium before the stock market crash.

The two sides could not settle down, and the negotiations reached a deadlock. On May 5, Jardine decided to buy the Hongkong shares already held by the Chinese-funded consortium at a bargaining price, and stipulated that the Chinese-funded consortium should not get involved in Jardine's shares within 7 years.

Jardine, which has always been domineering for more than a hundred years, has adopted a compromise policy this time. The Chinese-funded consortium is no longer aggressive and agrees to its conditions.

On May 6, Jardine used HK$1,834,000 to buy the shares of Hongkong Land in the hands of the four major Chinese capital groups.

The four major Chinese capital groups have made hundreds of millions of Hong Kong dollars. It is not the purpose of the Chinese-funded consortium to make profits during this period of absorption and spitting. According to relevant laws and regulations, as long as the acquirer's bid is 2-4 times higher than the market price, the achievement will be effective. Why didn't Li Jiacheng take advantage of the victory to pursue the land company in one go?

According to the analysis of the media, there are many reasons, and the summary is as follows: People like Zheng Yutong have always pursued good faith acquisitions, and they will not overdo it. For example, forced acquisitions will not be conducive to future cooperation, and may even be burdened; as long as Jardine wants to stay in Hong Kong for development , will never give up Hongkong Land, if Jardine is desperate and buys Hongkong shares from other shareholders at a higher price to strengthen its controlling position, then the Chinese consortium can only frustrate Jardine's counterattack with more favorable conditions, and both sides will lose , is not good for anyone, even if the Chinese-funded consortium buys land, it will not be worth the loss; another point is that Jardine is an old business empire. Although it is declining in Hong Kong, it is still one of the largest multinational companies in the world, and its strength cannot be underestimated. .

Jardine stays in Hong Kong for development, which is beneficial to the stability of Hong Kong. In the land battle, it can be said that the two sides had a tie.

In 1988, Li Jiacheng, Li Zhaoji, Zheng Yutong and the Canadian Xieping World Expo Development Company formed a new consortium. Li Jiacheng accounted for about ..50% of the equity, and the other three Taiwan accounted for ..50%.

The new consortium won a bid of 3.2 billion Hong Kong dollars for a 204-acre urban prime location at the former site of the 1986 Vancouver World Expo, on which the most magnificent commercial center and high-end residential complex in Canada will be built. The entire plan will take ..10— It took 15 years to complete and cost more than 10 billion Hong Kong dollars.

The Canadian media said that Zheng Yutong is the largest overseas investor, "Alberta and Vancouver undoubtedly won the jackpot in this competition."

Alberta's business and political circles also held a grand reception for Zheng Yutong's father and his foreign assistants. Zheng Yutong and others became influential figures in Canadian business circles.

In May 1991, Beiyi Company entrusted Dolly Finance Company to propose a comprehensive acquisition of Hengchang, with a price of 254 Hong Kong dollars per share, involving a capital of 5.6 billion Hong Kong dollars, which was a major battle in the history of the Hong Kong stock market.

Beiyi has a strong strength and is composed of Zheng Yutong from Chow Tai Fook, descendants of Lin Bingyan, the first chairman of Hang Seng Bank, and Xu Zhantang, chairman of China Paint.

The three signed an agreement, Chow Tai Fook got the property, Lin's descendants got the car dealership, Xu Zhantang got the trade of grain and oil.

The acquisition was rejected by Hengchang's major shareholders. First of all, they did not agree with the new consortium Beiyi's attempt to carve up Hengchang into three parts. If major shareholders don't cooperate, Beiyi can't reach the absolute number above 50% anyway.

Zhongtai, Guo Henian, Li Jiacheng, and Peregrine formed a new consortium ~www.readwn.com~ to discuss acquisition matters intensively.

Later, Zheng Yutong and others joined in. So at the beginning of August, it proposed a comprehensive acquisition to Hengchanghang, with a price of 336 Hong Kong dollars per share, involving a capital of 6.94 billion Hong Kong dollars.

Zheng Yutong's defection forced Lin Xu to form an alliance to compete with GreatStyle.

The key now is the attitude of Hengchang's major shareholders. He's old and his descendants are not good at trading. He Shanheng has helped the Rong's, and GreatStyle has come to fruition.

GaratStyle share distribution, Zhongtai ..35%, Li Jiacheng ..19%, Chow Tai Fook ..18%, Peregrine 8%, Guo Henian's Kerry Trading ..7%, Rong's Private ..6%, Ho Houqiang Brothers. .4%. On September 22, the New Consortium acquired ..68% of Hengchang's shares, and the new share options were distributed according to the shareholdings of each company.

In January 1993, Zhongtai issued 550 million new shares for the fourth large-scale fundraising, at 13 Hong Kong dollars per share, and raised more than 7.2 billion Hong Kong dollars.

In mid-1993, the market capitalization of Zhongtai once again expanded to 28.5 billion Hong Kong dollars, ranking 14th among the top 20 listed companies, and Zhongtai became a veritable leader among red-chip stocks.