Reborn in Hong Kong as a Tycoon

Chapter 90 Remaining shares in hand
It had been several days since Lin Baicheng left Xiangjiang this time, so the next morning after his return, he prioritized some business matters, and quickly signed some documents that required his signature to take effect.

Fortunately, Lin Baicheng doesn't have many companies at the moment, so he has been busy for most of the morning and dealt with all the business affairs.

"Yufeng, how is the acquisition of the remaining shares of the TV station going?"

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

"There were two shareholders who didn't want to sell their shares, but they decided to sell their shares after learning that Mr. Lin, you want to inject 5000 million Hong Kong dollars into the TV station. If they don't inject the same proportion of funds, they will accept the dilution of their shares. However, They want Mr. Lin to buy their shares at a valuation of 1.5 million Hong Kong dollars, and I am still negotiating with them." Cheng Yufeng reported aloud.

"If the TV station is valued at 1.5 million Hong Kong dollars, it is slightly higher than the 20% premium, but not much higher, and it is acceptable."

Lin Baicheng made the final calculation and felt that it was more important to get the entire TV station, and there was no need to worry about the millions of Hong Kong dollars.Only after buying the TV station wholly, Lin Baicheng can better transform the TV station. While there are fewer constraints, the development of the TV station will not be cheap to those shareholders who have no effort at all.

"Yufeng, you can arrange a transaction with them, and take all the shares in their hands at a valuation of 1.5 million Hong Kong dollars."

Cheng Yufeng responded: "Okay, Mr. Lin, I will contact them in a while."

In the afternoon of the same day, Lin Baicheng completed transactions with shareholders of several TV stations one after another, and bought the remaining 1.5% shares of the TV station at a valuation of 39 million Hong Kong dollars, costing 5850 million Hong Kong dollars.

Calculated, Lin Baicheng bought Li's TV station for 1.785 million Hong Kong dollars, which is about 1.1 million Hong Kong dollars more than the 1.2 million to 6000 million Hong Kong dollars that Standard Chartered valued Lai's TV station, which is equivalent to a premium of about 50%.

Such a premium is indeed quite high, but there is no other way. The TV station is different from other companies. It cannot be opened by anyone who wants to. It must be established with the approval of the Hong Kong government. The special affairs office of the government approved him to set up another TV station.

However, for this price, Lin Baicheng himself felt that it was acceptable, not too outrageous.Think about the Wharf stock that Lin Baicheng bought. If he hadn’t intervened, Bao Yugang’s premium for buying Wharf in 80 would have been more than 50%. Next, about 50 million shares were acquired at a price of 105 Hong Kong dollars per share, and it cost about 2000 billion Hong Kong dollars.

In such a comparison, Lin Baicheng spent less money.

Whether it is worth buying 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 expenses were worthwhile. He was confident that the TV station would only develop better in his hands. What's more, the media attribute of the TV station is not a question of whether it can make money. Sometimes even if it is operating at a loss, it must be used In hand, unless the loss is really too big.

However, after spending 1.785 million Hong Kong dollars to fully buy the TV station and preparing to inject 5000 million Hong Kong dollars into the TV station, Lin Baicheng has not much money left.

Originally, Lin Baicheng had more than 2.4 million to nearly [-] million Hong Kong dollars in cash, Zhiyin comics used [-] million Hong Kong dollars, TV stations and toy companies used nearly [-] million Hong Kong dollars, and only tens of millions of Hong Kong dollars were left to use all the cash directly.

Fortunately, about two-thirds of the orders for the Los Angeles exhibition have been delivered in the past two months, and with the delivery of the orders, the company has once again earned tens of millions of Hong Kong dollars. In total, the company now has more than [-] 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 Toy Company, and it will cost about 1000 million Hong Kong dollars at most.

The reason for this is that the company now has a lot of places to spend money.The development of game consoles has now begun, and the purchase of raw materials and equipment requires money, as well as the development of a game named "Donkey Kong" led by Miyamoto Sou, which also requires money. Toy companies also need money to stock a large number of Rubik's Cubes.

the next day.

Lin Baicheng, who fully bought the TV station, went to Asia TV again. This time he transferred the 5000 million Hong Kong dollars injected into the special account of the TV station. This money was not transferred when he did not buy all the shares of the TV station. After all, the TV station was not completely owned by Lin Baicheng at that time.

Huang Xizhao is still very good at doing things. Although Lin Baicheng has only been to the TV station once before, this time Huang Xizhao has prepared an office for Lin Baicheng as his boss, and Lin Baicheng did not say that he does not need to arrange for him.

Now that he bought the TV station with full capital, of course Lin Baicheng will develop the TV station.Increasing the ratings of TV stations can not only earn more advertising fees, but also improve the publicity effect.

Therefore, in the next period of time, Lin Baicheng will often come to the TV station to work, and an exclusive office is also a must.

"Manager Huang, I already bought the shares of the other shareholders of the TV station yesterday. From now on, the TV station will belong to me alone. In future work, the TV station no longer has to worry about the original shareholders. Purchasing, or employees who are not capable enough but occupy important positions, I don’t need to say what to do.”

"Boss Lin, in the past, Li Husheng was the absolute majority shareholder of the TV station, so there were no such things."

Huang Xizhao replied, and then said: "However, in the past, Li's Husheng had a special requirement, and asked the TV station to make an English channel, and then broadcast English programs from Li's Husheng. Now that the TV station has changed owners, the English channel may have another English channel in the future. Spending money to buy programs, so I would like to ask Mr. Lin if the English channel should be cancelled."

Lin Baicheng did not make a decision right away, but asked, "How are the ratings and profitability of the English channel?"

"It's not bad, because the program is broadcast free of charge from Li's voice, so the profit is good. But if you need to buy additional programs in the future, you will not be surprised. There will be losses, after all, there are only so many foreigners in Xiangjiang."

"In that case, cancel the English channel."

After hearing the words, Lin Baicheng made a decision. After all, Xiangjiang still has a majority of Chinese people, so forget about the English channel. There is no need to spend that extra money and energy, it is not worthwhile.

Huang Xizhao didn't object when he heard it, he thought so too, otherwise he wouldn't have specifically mentioned this matter.

As for the issue that after the cancellation of the English channel, people who originally watched the English channel have no English programs to watch, it is not related to Lin Baicheng.

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(End of this chapter)