Reborn Tycoon Rise

Xu Zhi said: "My client asked American professionals that based on the current price, the satellite itself, launch costs and insurance will cost about US$500-800 million in total."

"So expensive!" Shao Yifu's expression changed when he heard it. Even if it was only 500 million US dollars, based on the 20% of the shares he held, he would have to put in 100 million US dollars.

His net worth is far higher than 100 million U.S. dollars, but most of it consists of a large number of properties throughout Southeast Asia and a large number of stock assets. If he wants to spend 100 million U.S. dollars, he will probably have to sell a large number of his properties.

Xu Zhi looked at Shao Yifu's livid face and said, "Shao Sheng, if you feel stressed, I can provide the money by myself, and Wireless can increase its shares to finance this."

"Xu Sheng, although 100 million US dollars is too much, I can still afford it." Shao Yifu said coldly, and at the same time he understood in his heart that the other party actually just wanted the shares in his hands.

Wireless is not listed. Shao Yifu holds 20% of the shares. If he does not take the initiative, Xu Zhi will never have the opportunity to fully control Wireless.

However, it is possible to dilute Shao Yifu's equity indefinitely. As long as a large amount of funds are injected into the company, small shareholders must also inject funds in proportion, otherwise, the shares will be diluted.

"Shao Sheng, I can tell you something straightforward. I invest in satellite TV to a large extent for the sake of several other companies under my ownership. Even if the satellite does not suffer losses when it goes into space, Midea Electronics may be the one that makes the most profit. Or Jinniu Beverage, this may not be fair to you, so I hope that I can acquire your wireless shares at a premium." Xu Zhi said seriously.

Shao Yifu nodded calmly and said, "It seems that Xu Sheng has already thought about this step."

Xu Zhidao: "Indeed, but Shaosheng may have misunderstood me. Although Wireless' current scale is not small, it is much smaller than several other industries under my umbrella. In the future, I have a lot of plans for Wireless, and there are many possibilities." It’s not profitable, and if there are other shareholders, it will always be more or less unfair to others, so taking back all the equity is the most convenient way.”

Shao Yifu shook his head and smiled: "Xu Sheng, actually you don't need to explain too much. This is the same ending for me."

Xu Zhi said: "So, Shaosheng agreed?"

Shao Yifu sighed and said, "So what if you don't agree. You are the controlling shareholder of Wireless. Legally speaking, I can't stop you at all from what you want to do. It's pretty good that you can openly propose the acquisition."

According to the laws of Hong Kong, holding 51% of the company's stocks gives you control of the company, but it does not mean that you can do whatever you want, because the legal veto power is 33.4%. As long as the small shareholders gather to form 33.4% of the voting rights, you can Can veto all proposals.

The shareholding ratio that truly has absolute controlling rights is 66.7%. Once this share is reached, even if you run the company to the brink of bankruptcy, small shareholders will have no choice but to withdraw.

Xu Zhi currently holds 80% of the wireless equity, and any investment or plan does not require the consent of small shareholders like Shao Yifu.

The reason why Xu Zhi did this is that, firstly, Shao Yifu is currently the top manager of Wireless Wireless. Secondly, the best way to do business is to coexist peacefully. If there is no conflict, it will not happen. Not to mention that Xu Zhi will need to carry out other mergers and acquisitions in the future. If you cheat a former partner now, it will inevitably be affected in the future.

Xu Zhi nodded and smiled: "Shao Sheng, you're welcome. Wireless's net profit last year was HK$82.3 million. Its current valuation is about HK$1 billion. The 20% of the shares in your hand are worth HK$200 million. I can offer you HK$250 million to acquire it." What does Shao Sheng think of the price of all the shares in your hands?"

"If I sell my stocks, will I have nothing to do with Wireless anymore?" Shao Yifu did not directly answer the price question.

Xu Zhi shook his head and said, "Of course not. As long as you are willing, Shao Sheng, you will still be the general manager of TVB."

Shao Yifu took a sip of tea, was silent for a few minutes, and then said, "I need to think about this for a while."

"No problem." Xu Zhi nodded and agreed: "However, no matter what Shao Sheng chooses, preparing to start satellite TV is inevitable, so I hope that the current wireless network can officially start and get involved in this matter."

Shao Yifu nodded and said: "Okay, no problem, I will formally apply to the Hong Kong government."

Xu Zhidao: "In addition to the Hong Kong government, we also have to apply to the ITU."

"ITU?" Shao Yifu was stunned for a moment. He had never heard of this organization.

Xu Zhi smiled and said: "Yes, most people don't know about this international organization. If it wasn't preparing to launch satellites, I wouldn't know either."

ITU, the full name of International Telecommunications Union, also known as ITU, is a United Nations agency in charge of information and communication technology matters. It is mainly responsible for allocating and managing global radio spectrum and satellite orbit resources.

Although the space above the earth is huge, the orbit that can actually be accommodated is limited. If there are disorderly launches and various countries do not coordinate information, then satellite collisions are very likely to occur. In this role, ITU is the coordinator. It is the responsibility of all major countries to avoid unnecessary losses.

However, the ITU only coordinates and has no right to veto any country's satellite launch plan. According to international law, space resources do not belong to any person or country, and all resources are first come, first served.

The existence of this law is why during the Cold War, the two international giants worked hard to develop space technology, because the resources in the outer space of the earth are limited. If the first comers occupy it, then those who follow will have little chance. This is also One of the main reasons why all countries with some power need to invest in space.

This law also applies to commercial satellites. As long as you apply for it, it will generally be approved.

After listening to Xu Zhi's introduction, Shao Yifu said: "Okay, I will entrust some professional intermediary companies to take care of this matter, but how should we arrange the satellite customization and launch plan?"

"I will be responsible for this matter." Xu Zhi said: "I have arranged for people to consult with several professional satellite production companies in the United States. They should be connected with Wireless soon, but whether it is satellite bidding or subsequent production , it will take a long time, for the time being, this matter is not urgent, you just need to make the preliminary preparations first."

Under normal circumstances, it takes at least two years for a commercial satellite to be customized and launched. Later launches must also be decided based on the actual situation of the satellite. Generally, the launch plan cannot be specified until the satellite is almost completed. In the meantime, It will take a year and a half. After the satellite is successfully launched, it will still have to be debugged for a period of time. It is estimated that even if the preliminary preparations are started now, it will take at least three years before the satellite TV begins official operation.

Xu Zhi then asked: "How much money does Wireless have in its account now?"

"About 130 million Hong Kong dollars." Shao Yifu still knows the company's financial situation well.

"Except for some funds to maintain operations, everything else was converted into US dollars." Xu Zhi said.

"Why is this? Are you planning to use the money in your account to pay for the satellite? This money is not enough, and the TV station also needs this liquidity!" Shao Yifu couldn't help but frown and asked, although there are now companies that launch satellites Plan, but I haven’t started preparing yet. There is no need to exchange dollars now.

"I have my own ideas. You don't need to ask too many questions." Xu Zhi did not explain too much and asked: "How much debt does Wireless currently have?"

Shao Yifu replied: "About HK$300 million."

"300 million is not too much." Xu Zhimo did the math. With Wireless' annual profit of more than 80 million Hong Kong dollars, this amount of debt is really not much.

So he continued: "Ask a few familiar banks to borrow 300 million Hong Kong dollars, and convert them all into US dollars together."

"Xu Sheng, do you have other ideas?" Shao Yifu couldn't help but ask.

Xu Zhi smiled and said: "Don't worry, I am the major shareholder of Wireless, and I will not cheat myself."

"Okay, I will do as you ask. It seems that I, an old man, can't keep up with the ideas of young people." Shao Yifu shook his head and smiled.

"After some time, Shaosheng will understand." Xu Zhi smiled and shook his head.

Nearly half of 1983 has passed. In a few months, a serious "Hong Kong dollar crisis" will break out in Hong Kong. As a result of the panic effect, the Hong Kong dollar will depreciate on a large scale. Many shops even refuse to use Hong Kong dollars for settlement. Although Hong Kong dollars The government will enact subsequent legislation to stop this behavior, but the fall of the Hong Kong dollar is inevitable.

A large number of Hong Kong dollars were sold, causing the Hong Kong dollar to US dollar to rise from the initial 5.23 to 9.6. Finally, the Hong Kong government announced the implementation of a "linked exchange rate" system pegged to the US dollar, setting the ratio of the Hong Kong dollar to the US dollar at 7.8:1. This avoided the situation. The crazy devaluation of the Hong Kong dollar.

As early as the beginning of this year, all of Xu Zhi's companies, except for some basic operating funds, had been slowly converted into US dollars.

For Wireless, there is indeed a lot of economic pressure to purchase satellites. This is suitable for taking advantage of the fluctuation of the Hong Kong dollar exchange rate to make a little extra money and reduce some costs.