We're building a super chaebol in Hong Kong
#439 - Bid 200 million
After listening to Su Cheng's lengthy explanation, Massey Yu surprisingly didn't retort this time.
At this moment, he was holding the telephone receiver in his hand, but his mind was filled with Su Cheng's words.
What Su Cheng said indeed moved him somewhat.
Before fleeing to Taiwan, Massey Yu had received inside information in advance, knowing that once Crippled Ho was arrested, he would eventually implicate the Ma brothers; it was only a matter of time.
With the establishment of the Independent Commission Against Corruption (ICAC), the underworld was filled with fear. Crippled Ho, the weakest but most high-profile of the "Four Great Families" of the underworld, was the first to be taken down and sentenced to thirty years in prison.
Massey Yu knew that the crimes he had committed were far more serious than Crippled Ho's.
If Crippled Ho was sentenced to thirty years, wouldn't he be sentenced to life imprisonment if he were caught?
Therefore, he took the opportunity to flee to Taiwan before Crippled Ho could implicate him.
In fact, before going to Taiwan, he had also considered the issue Su Cheng raised: whether to move the entire Ma family to Taiwan!
At that time, he discussed it with Massey Zhen for a long time. In the end, Massey Zhen persuaded him to leave his wife and children in Hong Kong to inherit their legitimate businesses and continue to develop them.
As for them, they would naturally go to Taiwan to seek refuge.
Once they were in Taiwan, the Hong Kong government would have no way to deal with them.
Therefore, Massey Yu successfully fled to Taiwan in advance.
Massey Zhen, however, needed to handle his business affairs, so he didn't leave with his brother immediately.
But Massey Zhen was quickly arrested, and Massey Yu could only follow his brother's situation from Taiwan.
Massey Zhen hired a powerful lawyer, paid a bail of one million, escaped from prison, and then fled to Taiwan.
However, he was arrested again for "continuous entry with false documents" and spent a year in prison.
However, this year of imprisonment was much better than life imprisonment.
Therefore, Massey Zhen naturally went to jail with a satisfied mood.
Seeing that there was no sound from the other end of the phone, Su Cheng said, "Mr. Ma, are you still there?"
Massey Yu finally came back to his senses at this time, no longer dwelling on what Su Cheng had said.
"Mr. Su, what you said is indeed very reasonable, but this matter is a very big deal for our Ma family, so I can't just agree to you. I still need to discuss it with my brother. Although he is in prison now, I can visit him and discuss this matter with him.
In addition, I would also like to know what price Mr. Su is willing to offer if he wants to acquire our Ma family's Oriental Press Group? After all, even if we really plan to move the Ma family to Taiwan, we may not sell the Oriental Press Group to Mr. Su. 'Oriental Daily News' is a high-quality asset. If we put it up for public sale, I believe there will definitely be many consortia in Hong Kong interested in 'Oriental Daily News'!"
Massey Yu was indeed not an easy person to deal with. Although Su Cheng seemed to have swayed him, making him consider moving the family to Taiwan, it was almost impossible to take advantage of him.
After all, Massey Yu had been a big boss for most of his life. How could he be a fool?
What price to offer?
Oriental Press Group is a newspaper enterprise founded by the Ma family and is not listed on the stock market. It is a wholly-owned enterprise of the Ma family.
There are still decades before the emergence of smartphones, so Su Cheng naturally doesn't need to consider the future decline in newspaper sales.
A newspaper enterprise certainly can't be worth too much money, so Su Cheng can't offer too high a price either.
"Two hundred million Hong Kong dollars. I will acquire Oriental Press Group for two hundred million Hong Kong dollars in full. I believe Mr. Ma should know that this price is already very fair. I am not trying to cheat you. I know that Oriental Press Group's annual profits have been between ten million and twenty million in recent years, which is very stable. Two hundred million Hong Kong dollars will not cause Oriental Press Group to be sold at a loss. You have even earned a lot."
Su Cheng has a copy of Oriental Press Group's financial data from recent years. Oriental Press Group is not a listed company, so this data does not need to be disclosed, but if Brother Wu wants to investigate, he can't hide it from the intelligence team Brother Wu is in charge of.
Therefore, Su Cheng is very familiar with the situation of Oriental Press Group in recent years.
Therefore, he also offered a very fair price.
It is impossible to make the Ma family sell at a loss. They have been influential figures in the Hong Kong underworld for many years. How could they be easily taken advantage of?
"Two hundred million Hong Kong dollars…" After listening, Massey Yu nodded, unseen by Su Cheng.
If they really want to withdraw from Hong Kong, this price is indeed not bad.
As one of the behind-the-scenes helmsmen, Massey Yu naturally knows the value of Oriental Press very well.
However, he didn't confirm it immediately. After all, Oriental Press Group doesn't belong to Massey Yu alone, but was co-founded by Massey Yu and Massey Zhen.
Even if there is a plan to sell 'Oriental Daily News', Massey Yu needs to obtain Massey Zhen's consent. The relationship between these two brothers has always been very good, and Massey Yu also respects his younger brother Massey Zhen's ideas.
Nowadays, the economic situation is generally poor, and few people in Hong Kong will easily spend hundreds of millions of Hong Kong dollars to acquire a company. Although 'Oriental Daily News' is very high-quality, 'Oriental Daily News' is now facing several major competitors, especially the 'Knightly Literature News' and 'Knightly News' under the Su Group. It wouldn't be surprising if 'Knightly News' surpassed 'Oriental Daily News' one day. Wouldn't the person who takes over 'Oriental Daily News' become a fool then?
Therefore, even if Massey Yu really intends to sell 'Oriental Daily News', it is impossible for it to be as popular as Massey Yu said.
In Hong Kong, there are not many people as rich as Su Cheng.
People like Bao Ship King and Jardine Matheson are also not in a position to take over 'Oriental Daily News' now.
As for others, even if they are interested, it is difficult to directly give a price of two hundred million.
"Mr. Su, I am very clear about your intentions. I can't give you an answer regarding the sale of 'Oriental Daily News' right now. How about this, within two days, I will call you again. At that time, whether or not I sell 'Oriental Daily News', I will tell Mr. Su my decision," Massey Yu replied over the phone from afar.
"Okay, Mr. Ma, I look forward to your reply. Also, if we can reach a cooperation this time, I hope we will have more cooperation possibilities in Taiwan in the future. Mr. Ma should also know that I have too many industries under my banner. I can't monopolize everything. I always have to share some profits!" Su Cheng replied with a smile.
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