Reborn Tycoon Rise
Chapter 370 Nikkatsu Film Company
Chen Songqing and Bao Fuda glanced at each other and said, "We, Jianning and Land, have only encountered temporary difficulties. Xu Sheng, taking advantage of the situation is not a long-term way to run a business."
Xu Zhi smiled and said: "Chen Sheng, what you said is serious. I just made this request. You can decide after listening to whether I agree or not. I will never force it."
"Okay, it doesn't hurt to listen." Chen Songqing nodded and said.
Xu Zhi said: "Hutchison Whampoa Group had an investment project as early as two years ago, intending to build a large-scale movie theater chain group throughout Asia. Now, some countries in Southeast Asia have begun to lay out the layout. The only thing that is currently lacking is Japan.
And I know that two years ago, Carnegie acquired 21% of the shares of Nikkatsu Japan. Carnegie’s main business is not theaters or the film industry. I wonder if Mr. Chen can part with it and transfer the shares of Nikkatsu to me? "
"Jianing's main business is indeed not in the film industry, but I am very optimistic about the Japanese market and have no plans to sell shares in Nikkatsu Film Company." Chen Songqing shook his head and smiled.
"Sheng Chen, unless it is our own core industry, everything has a value. Jianing originally invested in daily life for future profits. Why don't you just listen to my offer and just reject it like this?" Xu Zhi smiled. said with a smile.
Chen Songqing nodded and asked, "Okay, then I don't know what price Xu Sheng is willing to pay."
"120 million Hong Kong dollars." Xu Zhi reported his price.
Chen Songqing shook his head and said: "Xu Sheng, although my purchase of Nikkatsu stocks is relatively hidden, you should also know that the transaction price that year was as high as 100 million Hong Kong dollars. In the past two years, although the land price in Japan cannot compare with the increase in Xiangjiang , but it has also increased a lot, and HK$120 million is not attractive at all.”
In December 1980, Jiani Real Estate acquired 21% of the shares of Nikkatsu Film Company with part of the stock and cash. The total transaction volume was HK$100 million. This transaction actually belonged to Chen Songqing's empty-handed white wolf. With a small amount of cash and shares in his own company, he acquired one-fifth of Japan's fifth-largest film company.
Nikkatsu Film Company was founded in 1912. Its main business is entertainment film investment, including film and television production and music production. It also operates 428 cinemas in Japan and has a lot of land reserves.
In the early 1980s, Japan's economy was in a stage of rapid development, but the core driving force for the country's development was various industries. The attention of consortiums and people had not yet been focused on the real estate industry. No one was speculating, and Japan's housing prices were only at a low level. It is rising at a normal rate. Therefore, although land prices have increased a bit in the past two years, the extent is not large yet.
Xu Zhi smiled and said: "Sheng Chen, Japan's housing prices have indeed increased a bit, but Nikkatsu Film's operations have been getting worse and worse in recent years. The main film business has been losing money for several consecutive years. Hutchison Whampoa is now willing to acquire it at a premium, which is why Because of the company’s strategic needs, there is no such store after this village.”
Although Nikkatsu Film Company ranks fifth in Japan, its main film products are not regular films, but some kind of educational films specially made for singles to improve their understanding of biology and contribute to the reproduction of human beings.
This business has been very good since the 1960s. Although Nikkatsu Movies did not make a fortune from this business, it still had a stable income until the late 1970s, when the video game industry rose and affected too many industries.
Although electronic games did not affect Nikkatsu's customers' interest in old products, they siphoned off their wallets to a certain extent. Over the past few years, Nikkatsu's annual financial statements have become increasingly ugly. This is why Jianing was able to invest in Nikkatsu. The main reason is that Nikkatsu's management hopes to invest in Chen Songqing, a rising star in Hong Kong's business community, hoping to use investment to reverse the company's miserable business performance for several consecutive years.
Chen Songqing rolled his eyes and said: "Since Xu Sheng is so interested in Nikkatsu Film Company, I am naturally willing to accept the beauty of adulthood, as long as Xu Sheng agrees to my other request."
"Chen Sheng, please speak." Xu Zhi asked.
Chen Songqing said: "I hope that the Bank of East Asia can lend another 500 million Hong Kong dollars to Jiani. In terms of interest, I am willing to pay 20% higher than the current market price."
"Chen Sheng, with the current market conditions, you can't get a loan just by relying on high interest rates." Xu Zhi shook his head and said, "If there is not enough collateral, in order to control the bank's risk, I cannot agree."
Chen Songqing frowned and said nothing. He had been rejected many times during this period. At this time when the future of Hong Kong was uncertain and housing prices plummeted, no bank was willing to take the risk and lend him a loan, even at a high interest rate. Neither does temptation.
Xu Zhi continued: "Sheng Chen, if you agree to sell the daily life stocks, the funds can be credited immediately. I think based on the current situation of Jia Ning, having more than 100 million Hong Kong dollars in funds will alleviate a lot of current difficulties. !”
"I need US dollars." Chen Songqing was silent for a while and said flatly.
Xu Zhi nodded and said: "Yes, the company stocks originally traded here are overseas companies. It doesn't matter whether it is Japanese yen or US dollars."
Chen Songqing continued: "Xu Sheng, I hope this transaction will not be announced for the time being."
"I have no problem." Xu Zhi shrugged and said. The main purpose of purchasing shares of Nikkatsu Company is to protect the theater chain and some of its property assets. However, the current 21% equity will not be enough to complete the control in the future. It will take some time to acquire slowly in the Japanese stock market.
Seeing that Xu Zhi agreed, Chen Songqing glanced at Bao Fuda beside him.
After seeing this, Bao Fuda said: "Don't worry, this matter has nothing to do with me, I won't tell anyone."
Then he said to Xu Zhi: "Xu Sheng has already acquired what he wants, what about our proposal?"
Xu Zhi smiled and said: "Mr. Bao Fuda, don't worry, I am also very interested in some assets owned by Land."
"Xu Sheng is too greedy. Land's properties will not be sold." Bao Fuda said proudly.
Although many of Land's projects are in trouble, it has a strong ability to make money. A dozen buildings in Central can receive as much as HK$2 billion in rent every year. Even if land prices fall, the prices of buildings in Central are still high. It’s not cheap, which is the guarantee of real estate’s confidence.
It's just that Land's management attaches great importance to these core assets in Central, and they will not sell any of the buildings unless it is absolutely necessary.
Xu Zhi smiled and said: "What I value is not Land's property building. Mr. Bao Fuda, Wellcome Supermarket has been losing money during this period. How about transferring it to me?"
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