Reborn in Hong Kong as a Tycoon

Chapter 408 Establishing a Group

After 10 minutes, the meeting continued.

Lin Baicheng said aloud: "The next thing we want to discuss is which companies to form into a group first."

"Currently, I have three companies in Japan: Bailong Commercial Association, Zhiyin Comics Publishing Company, and Baihuifeng Co., Ltd.; These seven companies are comics and Venus TV.”

"The companies in Xiangjiang are the most, including Galaxy Games, Yum Securities, Asia Television, Jupiter Toys, Hutchison Whampoa, Star Pictures, Star Cinemas, Galaxy Bank, HK Electric Group, Qizhou Yingni Company, Galaxy Semiconductor, Venus Electric appliances, a total of twelve companies."

Lin Baicheng did not mention the two companies, Golden Fleece and Pioneer Technology Venture Capital. These two companies are related to his investment layout. Currently, only a few people know about these two companies.

"Among the 22 companies in total, the two Japanese companies, Bailong Commercial Association and Baihuifeng Co., Ltd., will not be merged into the group because they are joint venture companies. Zhonghe Game Company in the United States is also a joint venture company. So it will not be merged into the group."

"Hutchison Whampoa and Hongkong Electric Group of Heung Kong are already listed companies, and their market value and volume 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 Games, this company will choose to go public in two or three years at most, so this company can also be ruled out."

"Not counting these six companies, there are Zhiyin Comic Publishing Company, New Century Software Company, Starlight Company, Morningstar Pictures, Galaxy Semiconductor, Marvel Comics, Venus TV Company, Yum Securities, Asia Television, Jupiter Toys, Star Films Sixteen companies including Star Cinema, Galaxy Bank, Qizhou Yingni Company, Galaxy Semiconductor, and Jinxing Electric."

"Among the [-] companies, Galaxy Semiconductor in the United States is a subsidiary of Xiangjiang Galaxy Semiconductor, and Jinxing TV Company is a subsidiary of Jinxing Electric, so it is the remaining [-] companies that really need to be formed and merged."

"So, now let's talk about which companies to merge into a group."

After Lin Baicheng finished speaking, he drank his saliva, and it was time for others to speak.

Cheng Yufeng said aloud: "The six companies of 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, Morning Star 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 Cinemas, there are six companies in total. If you add Zhiyin Comics, etc. With three companies, we now have nine companies, not counting the subsidiaries that will be established in the future, and the number of companies is a bit too much."

"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 name of the group company, the group company is mainly based on Xiangjiang Enterprises. I think the registered address must be Xiangjiang. On the other hand, the development of Morningstar Films and Marvel Comics in the United States will be affected, after all, this media group is from Xiangjiang in Eastern Asia, not a local media group in the United States.”

"The nature of the media determines that it is difficult for the group's subsidiaries to develop in the United States. Therefore, I think that the established media group should not include American companies. Morningstar Pictures and Marvel Comics plus Zhiyin Comics can form a group by themselves It is even possible to acquire a TV station or broadcasting company, as well as a newspaper office in the United States, and establish a media group registered in the United States."

Liao Siren couldn't help frowning: "So, if the established group is mainly based on companies from Xiangjiang, then companies from the United States cannot be included?"

Isabella explained aloud: "That's not the case. Only a few industries such as media, finance, and chemicals are like this. Industries that are valued by the state will definitely not be controlled by foreign groups. The capital of the country 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 the media group, it doesn't mean that they can't do business. 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 unacceptable.Besides, if you want to do business in their country, you have to abide by their rules, and you have to accept it if you don’t accept it.

Haruko Mori said aloud: "Although there are many companies under the chairman's name and they are distributed in multiple industries, the media industry should be established as a group if they are truly large-scale. Companies in other industries are actually not involved enough. Waiting for the establishment of a group Afterwards, it will be added slowly to expand into more subdivided fields. Therefore, I think we should establish a media group first, and use Asia TV as the center to merge several media-related companies into one group."

Haruko Mori's words have won the approval of many people. From the perspective of the current companies, the media group is involved in a wider range and the number of enterprises is also appropriate, so it is most appropriate to establish a media group.

Lin Baicheng listened very carefully, and he also believed that the establishment of a media group was the most appropriate right now, so after everyone had discussed it, he decided to establish a media group, with Asia TV as the core center of the media group.

Among the three media-related companies abroad, Lin Baicheng still wants them to develop and grow, Morningstar Pictures and Marvel Comics, so these two companies cannot be included in the media group, but whether Zhiyin Comic Publishing Company should be merged into the media group In the group, there is a business to be done.

On this point, everyone discussed again.

In the end, it was decided not to merge Zhiyin Comic 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 have a core, not even a newspaper office, so the name is not worthy of the name.

The result of this is that, with Asia Television as the core, the two companies, Star Pictures and Star Cinema, are assigned to the group and become subsidiaries of the group.

Asia Star Media, this is the decided name of the group. Currently, there are six subsidiaries of Asia TV, Star Pictures, Star Cinema, Asia Star Records, ATV News, and Star Daily. Among them, Asia TV is the core of the group.

After the establishment of the group was confirmed, 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 freely, and he himself took the 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 structure do you think the group's management should have?"

"First of all, there is no doubt that you, the chairman, will be the chairman of the board."

Haruko Mori was the first to speak out. She first affirmed Lin Baicheng's position as the 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 too high. More, two to three will do.”

Cheng Yufeng said: "Asia TV must be managed by a vice president. After all, the TV station also manages the three subsidiaries of 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."

"It is enough to have two vice presidents. When the scale of these companies grows larger and the two vice presidents can't manage them, it will not be too late to add more places." Sato 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 be the two vice presidents?"

Isabella said: "Huang Xizhao has many years of working 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 can hand over the TV station's president The position of manager is not too late. In this case, it is no different from his current position, it is nothing more than the title of vice president."

"It's a good suggestion for Huang Xizhao to be the vice president of the group. Let him be the one."

Lin Baicheng immediately agreed upon hearing the words. After all, it is a media group, and it must be managed by someone familiar with the industry. Huang Xizhao's work experience and current position are suitable for the position of vice president.

"So, another vice president, who do you think is more suitable?"

Cheng Yufeng said: "Let's go to Zuo Xiangqing. Star Cinema will expand to Southeast Asia and other countries this year. Both the company's market value and scale are more important than Star Cinema, so it is more suitable for him to be the vice president."

"It doesn't have to be promoted in situ."

Bill Hawes retorted aloud, and then said: "Boss, haven't you always had the idea of ​​adjusting the management of Hutchison Whampoa? This is an opportunity. You can transfer one of Xia Boyin and Wei Peter to the media group as a post." Vice President."

"They are vice presidents in Hutchison Whampoa. Although Hutchison Whampoa's current market value is higher, you value the media group very much, and the media group is yours. Transferring them there is not considered a demotion. past."

"It just so happens that they are British, and they will be more influential when they open up markets in countries such as Southeast Asia."

After listening to Bill Hawes's suggestion, Lin Baicheng was a little moved, and doing so would kill two birds with one stone.

After Chiba Nanako was unwilling, she reminded aloud: "Chairman, you'd better consult the two of them first, and ask them if they would like to transfer over. After all, Hutchison Whampoa is currently a large company with a market value of more than 200 billion Hong Kong dollars. Big companies in the group, even transfer them to the media group to serve as vice presidents, if they don't want to, it will be harmful and useless if you force them to transfer there."

"Nanako is right, we should really ask for their ideas."

Lin Baicheng nodded in agreement. Although he can force the appointment, if Xia Boyin and the others are not willing to go to Asia Star Media Group with emotions, it will be strange if they can do the job well.They are different from Huang Xizhao. Huang Xizhao was promoted, and the power in his hands has not decreased.

"Actually, Assistant Liao can be the vice president."

Haruko Mori suddenly said, "Assistant Liao's ability is still very strong. It just so happens that he is not currently working in any company. Unlike an assistant, he is already the vice president of Hutchison Whampoa."

After hearing Haruko Mori's words, Lin Baicheng couldn't help but look at Liao Siren.

Liao Siren held back the excitement in his heart, and said calmly: "Mr. Lin, if you think I'm suitable, I'm willing to work in the past, and I must do a good job in the expansion of Star Cinema's theater chain."

Liao Siren is very clear that once the various groups are established, the rights of assistants will be suppressed. If they don't take advantage of the early days of the group to hold high positions in the group, after the group stabilizes, there will be no positions for assistants like them. Work hard slowly, and it is possible to delay for several years or ten years.

Lin Baicheng just nodded, neither agreeing nor vetoing, but said to everyone: "Apart from Zuo Xiangqing, Xia Boyin, Wei Peter and Liao Siren, do you have any other recommendations?"

Hearing this, the assistants all shook their heads, there was no other suitable candidate to recommend.

"Well, one of the vice presidents will be Huang Xizhao, and the other will first talk to Xia Boyin and Wei Peter to see their wishes. If they are not willing to be transferred, then from Liao Siren and Zuo Xiangqing Choose one of the

Seeing that everyone had no other recommendations, Lin Baicheng made a final decision.

Lin Baicheng said: "The companies of the media group to be established at present are all owned by Xiangjiang, so Cheng Yufeng and Liao Siren will cooperate with the relevant managers to build the group. After the two vice presidents take office, they will carry out the management of the group. Complete."

Once a decision has been made, this conversation is over.

That night, Isabella, Bill Hawes, Haruko Mori and others took Lin Baicheng's private plane to Los Angeles and left Xiangjiang.For companies in the United States, it is not easy for them executives to leave for too long, in case something happens and they cannot be dealt with in time.

Wataru Sato, Nanako Chiba, and Yuta Koyama, the president of Zhiyin Manga 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 conduct due diligence on Hutchison Whampoa's foreign trade business department.

A preliminary decision has been made to establish a joint venture foreign trade company, but it is not what Lin Baicheng says. They must conduct a detailed investigation of Hutchison Whampoa's foreign trade business department, and Bao Yugang is no exception.

After the investigation is clear, we will discuss the establishment of a joint venture foreign trade company and the acquisition.

(End of this chapter)