Reborn as a tycoon in Hong Kong
Chapter 408 Establishing a Group (Part 2)
Ten minutes later, the meeting resumed.
Lin Baicheng spoke up and said: "The next thing we have to discuss is which companies should be formed into a group first."
"Currently, I have three companies in Japan: Bailong Commercial Co., Ltd., Zhiyin Comic Publishing Co., Ltd., and Baihuifeng Co., Ltd.; in the United States, I have New Century Software Company, Starlight Company, Morning Star Pictures, Galaxy Semiconductor, Zhonghe Games Company, and Marvel Seven companies including Comics and Venus Television.”
"The companies with the most companies in Hong Kong are Galaxy Games, Yum! Securities, Asia Television, Jupiter Toys, Hutchison Whampoa, Star Pictures, Star Cinema, Galaxy Bank, Hong Kong Electric Group, Ying Ni Corporation, Galaxy Semiconductor, Venus Electrical appliances, a total of twelve companies.”
Lin Baicheng did not name the two companies Golden Fleece and Pioneer Technology Venture Capital, which are related to his investment layout. Currently, only a few people know about these two companies.
"Among the total of twenty-two companies, Japan's Bailong Commercial Co., Ltd. and Baihuifeng Co., Ltd. will not be merged into the group because they are joint ventures. Zhonghe Game Company in the United States is also a joint venture. company, so it will not be merged into the group.”
"Hong Kong's Hutchison Whampoa and Hong Kong Electric Group are already listed companies, and their market value and size are already quite large, so there is no need to form a group with other companies, so these two companies can also be excluded."
"Galaxy Game Company, this company will choose to go public in two or three years at most, so this company can also be eliminated."
“Excluding these six companies, there are still Zhiyin Comics Publishing Company, New Century Software Company, Starlight Company, Morningstar Pictures, Galaxy Semiconductor, Marvel Comics, Venus TV Company, Yum Securities, Asia Television, Jupiter Toys, and Star Movies Industry, Xingchen Cinema, Galaxy Bank, Qingzhou Yingni Company, Galaxy Semiconductor, and Venus Electrical Appliances."
"Among these sixteen companies, Galaxy Semiconductor in the United States is a subsidiary of Xiangjiang Galaxy Semiconductor, and Venus TV Company is a subsidiary of Venus Electric, so it is the remaining fourteen companies that are really going to be merged."
"Then let's discuss which companies will be merged into a group now."
Lin Baicheng took a sip of water after he finished speaking, and it was time for others to speak.
Cheng Yufeng spoke up and said: "Zhiyin Comics, Morning Star Pictures, Marvel Comics, Asia Television, Star Pictures, and Star Cinema are obviously related to media and entertainment. I think these companies can be formed into a group."
"Three companies, Zhiyin Comics, Morningstar Pictures and Marvel Comics, can be excluded."
Bill Harveys listened and said: "Asia TV already has a record company and two newspapers under its name. Plus Star Pictures and Star Cinema, there are a total of six companies. If we add Zhiyin Comics, etc. With three companies, we have nine companies. This does not include the subsidiaries that will be established in the future. The number of companies is a bit too many."
"This is not the most important thing. The most important thing is that this is the media industry. If Morningstar Pictures and Marvel Comics are also merged into the group company, the group company is mainly based on Hong Kong enterprises. I think the registered address must be in Xiangjiang. side, then the development of Morningstar Pictures and Marvel Comics in the United States will be affected, after all, this media group comes from Xiangjiang in Eastern Asia, not a local media group in the United States."
"The nature of the media makes it difficult for the group's subsidiaries to develop in the United States. Therefore, I think the established media group should not include American companies. Morningstar Pictures, Marvel Comics, and Zhiyin Comics can establish a group on their own. You can even acquire a TV station or broadcasting company, as well as a newspaper in the United States to establish a media group registered in the United States."
Liao Siren couldn't help but frown after hearing this: "So, if the group established is mainly based on companies from Xiangjiang, then companies from the United States cannot be included?"
Isabella explained aloud: "That's not the case. This is true only in a few industries such as media, finance, and chemicals. Industries that the country attaches great importance to will certainly not be controlled by foreign groups. The country's capital will also invest heavily and exclude them. Foreign capital is the same in any country."
Bill Harveys also said: "If Morningstar Pictures and Marvel Comics are merged into a media group, it does not mean that they cannot do business, but it will be difficult to develop into an industry leader. When they develop to a certain extent, they will There’s a ceiling.”
"Bill and Bella are right. If a media group is established, Morningstar Pictures and Marvel Comics must be excluded."
Lin Baicheng said aloud that he had already been mentally prepared for this, so there was nothing he couldn't accept. Besides, if you want to do business in other people’s countries, you have to abide by their rules, and you have to accept them even if you don’t accept them.
Haruko Mouri spoke up and said: "Although there are many companies under the chairman's name and they are distributed in many industries, the media industry is really large and should be established as a group. Companies in other industries are actually not involved enough. When the group is established, After that, we need to slowly add more and expand into more subdivided areas. Therefore, I think we should first establish a media group and merge several media companies into one group with Asia Television as the center."
Haruko Mouri's words were agreed by many people. Judging from the current companies, the media group has a wider range of involvement and the number of companies is appropriate, so it is most suitable to establish a media group.
Lin Baicheng listened very carefully. He also believed that it was most appropriate to establish a media group at the moment. Therefore, after everyone discussed it, he made the decision to establish a media group, with Asia Television as the core center of the media group.
Among the three foreign media-related companies, Morning Star Pictures and Marvel Comics, Lin Baicheng still wants them to grow and develop. Therefore, these two companies cannot be included in the media group. It is about whether Zhiyin Comics Publishing Company should be merged into the media group. There is still room for discussion in the group.
On this point, everyone started discussing again.
In the end, it was decided not to merge Zhiyin Comics Publishing Company into the media group, but to form a new media group together with Morningstar Pictures and Marvel Comics. Of course, this media group does not yet have a core, not even a newspaper, so it is still somewhat unworthy of its name.
The result of this is that with Asia Television as the core, the two companies Star Pictures and Star Cinema will be placed under the name of the group and become subsidiaries of the group.
Asia Star Media, this is the decided name of the group, currently has six subsidiaries: Asia Television, Star Pictures, Star Cinema, Asia Star Records, ATV News, and Star Daily, of which Asia Television is the core of the group.
After the establishment of the group was finalized, it was almost noon, so the meeting ended and Lin Baicheng took everyone to the hotel for dinner.
After the meal, Lin Baicheng let the managers of various companies move around freely, while he himself took his assistants to his villa and called them to the study to talk.
Lin Baicheng asked his assistants: "After the establishment of Asia Star Media Group, what do you think the group's management structure should be?"
"First of all, there is no doubt that the position of chairman will definitely be taken by you, the chairman."
Haruko Maori was the first to speak out. She first affirmed Lin Baicheng's position as chairman, and then said: "Below the chairman is the vice president of the group. Currently, the number of subsidiaries under the group is not very large, so the number of vice presidents should not be excessive. More, two to three will be enough.”
Cheng Yufeng said: "Asia TV must be managed by a vice president. After all, the TV station also manages three subsidiaries: Asia Star Records, ATV News and Star Daily."
Isabella followed closely: "The remaining Star Cinema and Star Pictures can be managed by a vice president, and the scale of Star Pictures is a bit small."
"Two vice presidents are enough. When these companies grow larger and two vice presidents cannot manage them, it will not be too late to add more places," Wataru Sato said.
After hearing this, Lin Baicheng couldn't help but nodded in agreement, and then asked them: "So, who do you think is better to serve as these two vice presidents?"
Isabella said: "Huang Xizhao has many years of work experience in the TV station. He can continue to serve as the general manager of the TV station while serving as the vice president. After he has trained a suitable successor for the TV station, he will hand over the general manager of the TV station. It’s not too late to get the manager position. In this case, it will be no different from his current position, it will just have the title of vice president.”
"It's a good suggestion to let Huang Xizhao serve as the vice president of the group. He's the one to consider."
Lin Baicheng directly agreed after hearing this. After all, it is a media group and it must be managed by someone who is familiar with the industry. Huang Xizhao's work experience and current position are suitable for the position of vice president.
"So, who do you think is more suitable for the other vice president?"
Cheng Yufeng said: "Zuo Xiangqing, Star Cinema will expand to Southeast Asia and other countries this year. The company's market value and scale are more important than Star Cinema, so it is more appropriate for him to serve as vice president."
"You don't have to be promoted on the spot."
Bill Harveys retorted, and then said: "BOSS, haven't you always had the idea of adjusting Hutchison Whampoa's management? This is an opportunity for you to transfer one of Xia Boyin and Wei Peter to the media group. Vice President."
"They are vice presidents at Hutchison Whampoa. Although Hutchison Whampoa's current market value is higher, you value the media group very much, and the media group is private to you. Transferring them there is not considered a demotion. That's right. past."
"It just so happens that they are British, so they will be more influential when opening up markets in Southeast Asia and other countries."
After listening to Bill Harveys's suggestion, Lin Baicheng was immediately moved. This was indeed killing two birds with one stone.
Chiba Nanako was unwilling to be followed and reminded aloud: "Chairman, you'd better consult the two of them first and ask them if they are willing to transfer. After all, Hutchison Whampoa currently has a market value of more than 20 billion Hong Kong dollars. If a large group or company transfers them to serve as vice presidents in a media group, if they are unwilling to do so, it will be harmful and useless if you force them to go there."
"Nanako is right, we should really ask for their thoughts."
Lin Baicheng nodded in agreement. Although he could force the appointment, if Xia Boyin and the others were not willing to go to work at Asia Star Media Group with emotions, it would be strange if they could do a good job. They are different from Huang Xizhao. Huang Xizhao was promoted and the power in his hands did not decrease.
"In fact, we can let Assistant Liao serve as vice president."
Maori Haruko suddenly said: "Assistant Liao is still very capable. It just so happens that he is not currently working in any company. Unlike Assistant Cheng, he is already the vice president of Hutchison Whampoa."
After listening to Maori Haruko's words, Lin Baicheng couldn't help but look at Liao Siren.
Liao Siren suppressed the excitement in his heart and said calmly: "Mr. Lin, if you think I am suitable, I am willing to take up the post and I will do a good job in expanding the theater chain of Star Cinema."
Liao Siren knew very well that once each group was established, the rights of assistants would be suppressed. If they did not take advantage of the group's establishment to take high positions in the group, when the group stabilized, there would be no place for assistants like them. If you work hard slowly, you may delay it for several years or even decades.
Lin Baicheng just nodded, neither agreeing nor rejecting, but said to everyone: "Aside from Zuo Xiangqing, Xia Boyin, Wei Peter and Liao Siren, do you have any other recommendations?"
Upon hearing this, the assistants all shook their heads. There was no other more suitable candidate to recommend.
"Well, one of the vice presidents will be Huang Xizhao, and the other one will talk to Xia Boyin and Wei Peter first to see what their wishes are. If they are not willing to transfer, then we will appoint Liao Siren and Zuo Xiangqing. Choose one."
Seeing that no one had any other recommendations, Lin Baicheng made a decision.
Lin Baicheng said: "The companies of the media group to be established currently are all from Xiangjiang, so Cheng Yufeng and Liao Siren will work with relevant managers to set up the group. After the two vice presidents take office, they will carry out the management of the group. Complete."
With the decision made, this conversation is over.
That night, Isabella, Bill Harveys, Haruko Maori and others took Lin Baicheng's private plane to Los Angeles and left Hong Kong. For companies in the United States, it's hard for executives like them to leave for too long, lest something goes wrong and they can't be dealt with in time.
Wataru Sato, Nanako Chiba, and Yuta Koyama, the president of Zhiyin Comics Publishing Company, also left Xiangjiang. They could only take a plane back to Tokyo by themselves.
However, Mineryu Iwasaki, Phil Smith and Logan Rockefeller did not leave Xiangjiang. Instead, they called their respective teams to Xiangjiang to carry out due diligence on Hutchison Whampoa's foreign trade business department.
A preliminary decision has been made to jointly establish a foreign trade company, but it doesn't matter what Lin Baicheng says. They will definitely conduct a detailed investigation of Hutchison Whampoa's foreign trade business department, and Bao Yugang is no exception.
After the investigation is clear, we can discuss setting up a joint foreign trade company and launching acquisitions.
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