Chapter 110 Capital Injection
Wansheng Entertainment is a leader in the industry in the northwest, and its record companies, artist development, and TV and film production have all made certain achievements, of course, looking at the entire entertainment industry in China, it is not the top.
Wansheng invested in a big-budget movie some time ago, but unfortunately the box office hit the street in the end, and the investor lost all his money, lost millions, and almost had problems with the capital chain.
The film market in '97 was relatively unsuccessful, and the total box office of the whole year's movies in the country was only about one billion, which was not as good as the box office of a film in later generations.
Wansheng went bankrupt because of a wrong investment, which almost led to the severance of the capital chain.
However, because of the new funds raised, the crisis was successfully overcome.
On November 22, the general meeting of shareholders of Wansheng was held to welcome new shareholders, and it spent 6.88 million yuan in one go to acquire 9.4% of Wansheng's shares, which is definitely the third shareholder of Wansheng in addition to Wanjia's shares and Shengjia's shares.
The headquarters of Wansheng Entertainment is a small three-story building, located on Longshou Plain, which is biased towards the suburbs, and the neighborhood is already an urban village.
"Lao Wan, do you know the origin of this new shareholder?"
In the office, two old men in Tang costumes were drinking tea, and one of the old men in white robes suddenly asked.
"I don't dare to let him in if I don't know!" Wan Hong was wearing a golden Tang costume, quite majestic, and said indifferently: "Lao Sheng, we are all old, and now it is the world of young people!"
"Tell me about it!"
Sheng Wei's temples and white hair are thick, but a pair of eyes are flashing with essence, the Sheng family and Wanjia joint venture, founded Wansheng, but the direction of the Sheng family is not here, but in industry, Wansheng is basically Wanjia in hosting.
"Jiangshan grain and oil!"
Wan Hong said indifferently.
"Yongshi Song Jiang?" Sheng Wei's hands shook even though he was calm.
Qinchuan business community, now basically no one does not know, Yongshi produced a young fierce man, in just a few months, self-made, assets of more than 100 million, and from the Northwest grain and oil giant, the tiger snatched food, acquired assets of more than 10 million Ankang food, and became famous.
Recently, Jiangshan Grain and Oil obtained a low-interest loan of 80 million yuan from the bank under the matchmaking of the provincial government, but countless businessmen were jealous.
"Isn't Jiangshan Grain and Oil making grain and edible oil, how did they enter the entertainment industry?" Sheng Wei squinted, he is also in business, he knows the difficulties of industry, but the development experience of Jiangshan Grain and Oil is indeed an unconventional development, starting from their acquisition of the harvest year, in a short period of time, to win the edible oil market in the five northwest provinces, whether it is an advertising plan, or a marketing plan, in the industry, it is a legend.
"I don't know!"
Wan Hong said: "My son got back the investor!"
"Although Baoyu made a wrong decision this time, he handled the crisis well, and he was selected as the general manager in the first place, and it was not a mistake!" Sheng Wei said with a smile.
They are directors and rarely involved in management, whether it is Wan Hong, or he, have withdrawn from the management level, and now the general manager of Wansheng Entertainment is Wan Hong's third son, Wan Baoyu.
"The film market is sluggish, I still tell him in the future, be careful!" Wan Hong said softly, Wanjia and the Sheng family are the first self-employed to become rich in the reform and opening up, and they can be regarded as the rich people in Qinchuan, but even if the Wanjia family has a big business, if it is folded in Wansheng, it will hurt the muscles and bones.
"Just now your old guy said that we were old, and now we are pointing fingers!"
Sheng Wei said teasingly: "You yourself said, young people's ideas, we can't keep up with the rhythm, if we point fingers, maybe Wansheng won't be able to hold on for long, how to invest, you have to let Baoyu they say, you can't deny Baoyu's ability because of a failure!"
The two are world friends, although they co-founded Wansheng, but they each have their own careers, and their interests are deeper and their friendship is deeper, so for Wanbaoyu, Sheng Wei has always been a nephew.
"Dad, Uncle Sheng, the shareholders' meeting has begun!"
Wan Baoyu pushed the door in and said softly.
"The representative of Jiangshan Grain and Oil is here?"
"It's coming!"
"Then go!" the two old men got up and went to the conference hall.
At this time, the large conference hall of Wansheng was already full of people, large and small more than 20 shareholders, this is the normal model of a company, it will not be like a nouveau riche like Jiangshan Grain and Oil, and the shareholders who add up can come over with one hand.
"Today's shareholders' meeting will be held, and I will say two things!"
Wanhong's major shareholder, holding 28 percent of Wansheng's shares, originally he held 33 percent, but in order to raise funds, he released 5 percent of the shares, he took the lead in speaking: "The first thing, welcome our new shareholder of Wansheng, Jiangshan Grain and Oil!"
"Hello everyone, I am Yu Jinghao, general manager of Jiangshan Grain and Oil Xijing, on behalf of Jiangshan Grain and Oil, I spent 6.8 million yuan to invest in Wansheng Entertainment, and I will ask all shareholders to take care of me in the future!"
Yu Jinghao attended the shareholders' meeting on behalf of Jiangshan Grain and Oil.
"Jiangshan grain and oil?"
"Is that the grain and oil in Yongshi Yudu?"
"That Jiangshan grain and oil with 80 million cash flow!"
"I have to be obedient, I can bring this big Buddha in, this time our company's crisis is over!"
A group of shareholders were worried about the company's recent crisis, but they did not expect the company to introduce Jiangshan Grain and Oil Company, which now holds huge funds in Xijing.
"The second thing, about the wrong investment of general manager Wan Baoyu in film investment, the board of directors wants to punish him, and now on behalf of the board of directors, I will remove Wan Baoyu from the position of general manager and reduce his salary by 30 percent, but he still has merit, and he has introduced the investment of Jiangshan grain and oil, which has made up for our losses, and he will still be acting as general manager for the time being!"
Wan Hong has a good reputation in the business world, that is because he is upright in handling things, so what he said, many people are useful, he asked with a smile: "What do shareholders think of this treatment, if there are objections, you can put forward, and the board of directors can speak freely!"
"It's a bit heavy!"
"When the investment proposal came up, we agreed!"
"I can't let Mr. Wan be responsible for this matter alone!"
The shareholders said in a few words.
"Then it's decided!"
Wan Hong finished talking about the two things, and then talked about the future development of Wansheng Company in front of Yu Jinghao, and the meeting lasted for two hours before it was over.
At noon, a group of shareholders walked out of the conference room, but Yu Jinghao stayed.
"Mr. Yu, this is the information you want about all the artists under our company!"
Wan Baoyu gave a bundle of documents to Yu Jinghao, and then said: "Mr. Yu, when you Mr. Song injected capital, he once said that he would not interfere with our internal operations, and now he wants this information, isn't it ......?"
Bringing in money is a good thing, but if someone on the board of directors interferes in the management of the company, it is a bit of a burden for him.
"Mr. Wan, don't worry!"
Yu Jinghao took the information in his hand, and then said with a smile: "We Jiangshan Grain and Oil do not have this leisure to intervene in the management of Wansheng now, but between our Jiangshan Grain and Oil and Wansheng, now it is also a brother enterprise, we want to select some Wansheng artists on our new product spokesperson, as the so-called fertilizer does not flow into the field of outsiders, after all, this advertising fee will be cheaper for outsiders, it is better to cheapen our own people!"
"I see!"
Wan Baoyu was overjoyed and said: "Jiangshan grain and oil is going to come out with new products!"
"This is an internal secret, so it's inconvenient for me to say more!" Yu Jinghao said: "But I hope that the Wansheng artists we have taken a fancy to can cooperate with our promotional activities when the time comes!"
"Don't worry!"
Wan Baoyu patted his chest and said: "This kind of mutually beneficial thing, Wansheng is duty-bound, which one you choose, just that one, no matter what the schedule is, no matter when the announcement is, it will definitely give priority to your work!"
After finishing speaking, he continued to Yu Jinghao: "You want to attend the press conference in the afternoon?"
He was a little worried that Jiangshan Grain and Oil wanted to keep a low profile, but he was not able to attend this kind of press conference, once the momentum was insufficient, the momentum that Wansheng wanted to create was not enough, and it was difficult to wash away the haze of these days.
"Must attend!"
Yu Jinghao said with a smile.
They injected Wansheng in order to make a big noise, how could he miss the occasion of the press conference.