Reborn as a tycoon in Hong Kong

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Lin Baicheng had been away from Xiangjiang for several days this time, so the next morning after returning, he prioritized some official matters and quickly signed some documents that required his signature to take effect.

Fortunately, Lin Baicheng didn't have many companies at the moment, so he was busy for most of the morning and handled all official matters.

"Yu Feng, how are the negotiations for the acquisition of the remaining shares of the TV station going?"

After finishing his work, Lin Baicheng called Cheng Yufeng to the office.

"Originally there were two shareholders who didn't want to sell their shares, but after learning that Mr. Lin was going to inject HK$50 million into the TV station, and if they didn't inject the same proportion of capital, they would have to accept their shares being diluted, they decided to sell their shares. However, They want Mr. Lin to buy their shares at the TV station’s valuation of HK$150 million, and I’m still talking to them,” Cheng Yufeng reported aloud.

"If the TV station is valued at HK$150 million, it is slightly higher than the 20% premium, but not much higher and is acceptable."

Lin Baicheng calculated it and decided that it was more important to get the entire TV station. There was no need to worry about millions of Hong Kong dollars. Only after fully buying the TV station can Lin Baicheng be able to better transform the TV station. While there are fewer constraints, the development of the TV station will not be cheap for shareholders who have no effort at all.

"Yufeng, please arrange a transaction with them and take all their shares based on a valuation of HK$150 million."

Cheng Yufeng responded: "Okay, Mr. Lin, I will contact them shortly."

In the afternoon of that day, Lin Baicheng successively completed transactions with shareholders of several TV stations, buying the remaining 39% of the TV station's shares at a TV station valuation of HKD 150 million, spending HKD 58.5 million.

To sum up, Lin Baicheng bought Lai's TV station for HK$178.5 million, which is about HK$60 million more than the HK$110 million to HK$120 million that Standard Chartered valued Lai's TV station, which is equivalent to a premium of about 50% to acquire the TV station.

Such a premium is indeed quite high, but there is no way. The TV station is different from other companies. It cannot be opened by just anyone. It can only be established with the approval of the Hong Kong government, and Lin Baicheng does not think he has the ability to let Hong Kong The government's Special Affairs Office approved him to establish another TV station.

However, Lin Baicheng himself felt that this price was acceptable and not too outrageous. Think about the Wharf stock that Lin Baicheng bought. If he hadn't intervened, the premium paid by Bao Yugang for acquiring Wharf in 1980 would have been more than 50%. The chartering king had a stock price of less than 50 Hong Kong dollars. Next, approximately 20 million shares were purchased at a price of HK$105 per share, which cost about HK$2 billion.

In this comparison, Lin Baicheng spent relatively little money.

Whether it is worthwhile to acquire a company at a price much higher than the market valuation depends on what the acquirer thinks and the future development of the company.

Lin Baicheng felt that his expenditure was worth it. He was confident that the TV station would only develop better in his hands. What's more, the media attribute of the TV station was not a question of whether it could make money. Sometimes, even if it was operating at a loss, it had to be taken advantage of. In your hands, unless the loss is really too big.

However, after spending HK$178.5 million to fully purchase the TV station and preparing to inject HK$50 million into the TV station, Lin Baicheng did not have much money left.

Originally, Lin Baicheng had more than 300 million and nearly 400 million Hong Kong dollars in cash. Zhiyin Comics used 100 million Hong Kong dollars, and the TV station and toy company used nearly 240 million Hong Kong dollars. After using all the cash, only tens of millions of Hong Kong dollars were left.

Fortunately, about two-thirds of the orders for the Los Angeles trade fair have been delivered in the past two months. With the delivery of the orders, the company has once again made tens of millions of Hong Kong dollars. In total, the company now has more than 100 million Hong Kong dollars left.

However, Lin Baicheng is not going to use the money to acquire companies for the time being. Even if there is an acquisition target, it will be a small company like Jupiter Toys Company, and it will cost about 10 million Hong Kong dollars at most.

The reason for this is that the company now has a lot of money to spend. Game consoles have now begun to be developed, and the purchase of raw materials and equipment costs money. The research and development of the game named "Donkey Kong" led by Miyamoto So also costs money. Toy companies also need money to stock large quantities of Rubik's cubes.

Lin Baicheng had been away from Xiangjiang for several days this time, so the next morning after returning, he prioritized some official matters and quickly signed some documents that required his signature to take effect.

Fortunately, Lin Baicheng didn't have many companies at the moment, so he was busy for most of the morning and handled all official matters.

"Yu Feng, how are the negotiations for the acquisition of the remaining shares of the TV station going?"

After finishing his work, Lin Baicheng called Cheng Yufeng to the office.

"Originally there were two shareholders who didn't want to sell their shares, but after learning that Mr. Lin was going to inject HK$50 million into the TV station, and if they didn't inject the same proportion of capital, they would have to accept their shares being diluted, they decided to sell their shares. However, They want Mr. Lin to buy their shares at the TV station’s valuation of HK$150 million, and I’m still talking to them,” Cheng Yufeng reported aloud.

"If the TV station is valued at HK$150 million, it is slightly higher than the 20% premium, but not much higher and is acceptable."

Lin Baicheng calculated it and decided that it was more important to get the entire TV station. There was no need to worry about millions of Hong Kong dollars. Only after fully buying the TV station can Lin Baicheng be able to better transform the TV station. While there are fewer constraints, the development of the TV station will not be cheap for shareholders who have no effort at all.

"Yufeng, please arrange a transaction with them and take all their shares based on a valuation of HK$150 million."

Cheng Yufeng responded: "Okay, Mr. Lin, I will contact them shortly."

In the afternoon of that day, Lin Baicheng successively completed transactions with shareholders of several TV stations, buying the remaining 39% of the TV station's shares at a TV station valuation of HKD 150 million, spending HKD 58.5 million.

To sum up, Lin Baicheng bought Lai's TV station for HK$178.5 million, which is about HK$60 million more than the HK$110 million to HK$120 million that Standard Chartered valued Lai's TV station, which is equivalent to a premium of about 50% to acquire the TV station.

Such a premium is indeed quite high, but there is no way. The TV station is different from other companies. It cannot be opened by just anyone. It can only be established with the approval of the Hong Kong government, and Lin Baicheng does not think he has the ability to let Hong Kong The government's Special Affairs Office approved him to establish another TV station.

However, Lin Baicheng himself felt that this price was acceptable and not too outrageous. Think about the Wharf stock that Lin Baicheng bought. If he hadn't intervened, the premium paid by Bao Yugang for acquiring Wharf in 1980 would have been more than 50%. The chartering king had a stock price of less than 50 Hong Kong dollars. Next, approximately 20 million shares were purchased at a price of HK$105 per share, which cost about HK$2 billion.

Whether it is worthwhile to acquire a company at a price much higher than the market valuation depends on what the acquirer thinks and the future development of the company.

Lin Baicheng felt that his expense was worth it. He was confident that the TV station would only develop better in his hands. What's more, the media attribute of the TV station was not a question of whether it could make money. Sometimes, even if it was operating at a loss, it had to be taken advantage of. In your hands, unless the loss is really too big.

However, after spending HK$178.5 million to fully purchase the TV station and preparing to inject HK$50 million into the TV station, Lin Baicheng did not have much money left.

Originally, Lin Baicheng had more than 300 million and nearly 400 million Hong Kong dollars in cash. Zhiyin Comics used 100 million Hong Kong dollars, and the TV station and toy company used nearly 240 million Hong Kong dollars. After using all the cash, only tens of millions of Hong Kong dollars were left.

Fortunately, about two-thirds of the orders for the Los Angeles trade show have been delivered in the past two months. With the delivery of the orders, the company has once again made tens of millions of Hong Kong dollars. In total, the company now has more than 100 million Hong Kong dollars left.

However, Lin Baicheng is not going to use the money to acquire companies for the time being. Even if there is an acquisition target, it will be a small company like Jupiter Toys Company, and it will cost about 10 million Hong Kong dollars at most.

The reason for this is that the company now has a lot of money to spend. Game consoles have now begun to be developed, and the purchase of raw materials and equipment costs money. The research and development of the game named "Donkey Kong" led by Miyamoto So also costs money. Toy companies also need money to stock large quantities of Rubik's cubes.

Lin Baicheng had been away from Xiangjiang for several days this time, so the next morning after returning, he prioritized some official matters and quickly signed some documents that required his signature to take effect.

Fortunately, Lin Baicheng didn't have many companies at the moment, so he was busy for most of the morning and handled all official matters.

"Yu Feng, how are the negotiations for the acquisition of the remaining shares of the TV station going?"

After finishing his work, Lin Baicheng called Cheng Yufeng to the office.

"Originally there were two shareholders who didn't want to sell their shares, but after learning that Mr. Lin was going to inject HK$50 million into the TV station, and if they didn't inject the same proportion of capital, they would have to accept their shares being diluted, they decided to sell their shares. However, They want Mr. Lin to buy their shares at the TV station’s valuation of HK$150 million, and I’m still talking to them,” Cheng Yufeng reported aloud.

"If the TV station is valued at HK$150 million, it is slightly higher than the 20% premium, but not much higher and is acceptable."

Lin Baicheng calculated it and decided that it was more important to get the entire TV station. There was no need to worry about millions of Hong Kong dollars. Only after fully buying the TV station can Lin Baicheng be able to better transform the TV station. While there are fewer constraints, the development of the TV station will not be cheap for shareholders who have no effort at all.

"Yufeng, please arrange a transaction with them and take all their shares based on a valuation of HK$150 million."

Cheng Yufeng responded: "Okay, Mr. Lin, I will contact them shortly."

In the afternoon of that day, Lin Baicheng successively completed transactions with shareholders of several TV stations, buying the remaining 39% of the TV station's shares at a TV station valuation of HKD 150 million, spending HKD 58.5 million.

To sum up, Lin Baicheng bought Lai's TV station for HK$178.5 million, which is about HK$60 million more than the HK$110 million to HK$120 million that Standard Chartered valued Lai's TV station, which is equivalent to a premium of about 50% to acquire the TV station.

Such a premium is indeed quite high, but there is no way. The TV station is different from other companies. It cannot be opened by just anyone. It can only be established with the approval of the Hong Kong government, and Lin Baicheng does not think he has the ability to let Hong Kong The government's Special Affairs Office approved him to establish another TV station.

However, Lin Baicheng himself felt that this price was acceptable and not too outrageous. Think about the Wharf stock that Lin Baicheng bought. If he hadn't intervened, the premium paid by Bao Yugang for acquiring Wharf in 1980 would have been more than 50%. The chartering king had a stock price of less than 50 Hong Kong dollars. Next, approximately 20 million shares were purchased at a price of HK$105 per share, which cost about HK$2 billion.

In this comparison, Lin Baicheng spent relatively little money.

Whether it is worthwhile to acquire a company at a price much higher than the market valuation depends on what the acquirer thinks and the future development of the company.

Lin Baicheng felt that his expense was worth it. He was confident that the TV station would only develop better in his hands. What's more, the media attribute of the TV station was not a question of whether it could make money. Sometimes, even if it was operating at a loss, it had to be taken advantage of. In your hands, unless the loss is really too big.

However, after spending HK$178.5 million to fully purchase the TV station and preparing to inject HK$50 million into the TV station, Lin Baicheng did not have much money left.

Originally, Lin Baicheng had more than 300 million and nearly 400 million Hong Kong dollars in cash. Zhiyin Comics used 100 million Hong Kong dollars, and the TV station and toy company used nearly 240 million Hong Kong dollars. After using all the cash, only tens of millions of Hong Kong dollars were left.

Fortunately, about two-thirds of the orders for the Los Angeles trade show have been delivered in the past two months. With the delivery of the orders, the company has once again made tens of millions of Hong Kong dollars. In total, the company now has more than 100 million Hong Kong dollars left.

However, Lin Baicheng is not going to use the money to acquire companies for the time being. Even if there is an acquisition target, it will be a small company like Jupiter Toys Company, and it will cost about 10 million Hong Kong dollars at most.

The reason for this is that the company now has a lot of money to spend. Game consoles have now begun to be developed, and the purchase of raw materials and equipment costs money. The research and development of the game named "Donkey Kong" led by Miyamoto So also costs money. Toy companies also need money to stock large quantities of Rubik's cubes.

Lin Baicheng had been away from Xiangjiang for several days this time, so the next morning after returning, he prioritized some official matters and quickly signed some documents that required his signature to take effect.

Fortunately, Lin Baicheng didn't have many companies at the moment, so he was busy for most of the morning and handled all official matters.

After finishing his work, Lin Baicheng called Cheng Yufeng to the office.

"If the TV station is valued at HK$150 million, it is slightly higher than the 20% premium, but not much higher and is acceptable."

Lin Baicheng calculated it and decided that it was more important to get the entire TV station. There was no need to worry about millions of Hong Kong dollars. Only after fully buying the TV station can Lin Baicheng be able to better transform the TV station. While there are fewer constraints, the development of the TV station will not be cheap for shareholders who have no effort at all.