Chen Yixin then conveyed the meaning of summer to Zou Wenhuai and Mai Jia. Pen fun and pavilion www.biquge.info

After thinking about it, the two of them decided to agree to the conditions of the summer and mortgage their cinema chain to him. Then their two cinema chains exchanged for a loan of 300 million (Golden Harvest) and 200 million five (New Arts City) Hong Kong dollars from the summer respectively.

Zou Wenhuai and Mai Jia also know that after mortgaging their cinema chains, film libraries, and actor contracts to Summer, once they can't repay these loans in the future, their company will have nothing left, and they will be swallowed up by Summer directly.

But they still want to give it a go. They gambled that once they squeezed those film companies, the three of them would be able to monopolize the Hong Kong film market, and then they would be able to make a lot of money, and then it would be a piece of cake to repay the loans.

"Other companies even dare to borrow bank loans and even loan sharks in order to develop. If we don't even dare to touch this interest-free loan, then what kind of company do we have, go home and rest. Zou Wenhuai said to He Guanchang.

"That's a good point. Now that someone is willing to pay money to support our development, if we still hesitate and cringe, then there is really no need to open a company. He Guanchang also nodded in agreement.

They also had a lot of development plans before, such as renovating the studio, buying theaters, developing the market, promoting stars, shooting blockbusters, etc., but the funds were insufficient, so it was difficult for the Qiao woman to cook without rice.

Now that they have the money for the summer, they can do it. And they all believe that doing these things will be beneficial. When the time comes, the company's performance will improve, and repaying the loan will be just a piece of cake.

Mai Jia of New Arts City also got this idea, and he borrowed money not mainly to invest in movies, but to be interested in the current stock market. After getting the loan, he first went to buy blue chips worth 150 million Hong Kong dollars.

……

"Mr. Xia, I already have a preliminary plan for the reorganization. On the yacht, Willis reported to Summer.

After many days of research, he finally had a plan that worked.

Summer nodded, "Mr. Willis, please take a seat, let's talk slowly." ”

"Okay. Willis smiled, sat down, and then asked with a smile, "Mr. Xia, do you know anything about corporate restructuring?"

"Know a little. Summer nodded, and asked suspiciously, "Why, Mr. Willis, does this have anything to do with your plans?"

"Oh, I want to know how much you know about corporate restructuring before I decide how to explain my plan to you. "If you're a professional, I'll just give you a brief explanation, and I think you'll understand it right away." But if you only know a little bit about it, then I'm afraid I'll go into more detail. ”

"I see. Summer nodded, "My knowledge of this is only scratching the surface, I hope that Mr. Willis will try to explain it in as much detail as possible." ”

"Okay. Wellis readily agreed, "Then I'll get started." For this company reorganization, I would like to start with the crocodile shirt company. ”

Summer was stunned for a moment, and then showed an inquiring expression.

"I started with crocodile shirts mainly because of the relative ease of the company. The current shareholding composition of the company is 25 percent owned by the Chen family, 52 percent by the Lai Sun Group, and 23 percent by the public. Willis said.

Summer nodded. Last year, Lai Sun Group acquired 30% of the shares in the hands of Chen Jinghui, the original owner of crocodile shirts, and then bought 20% of its own shares, plus the shares of other shareholders, and the shareholding was as high as 75%.

However, it then sold 23% of its shares to cash out, leaving only 52% of Lai Sun Group's shares. The Lin family also holds 38% of the shares of Lixin Group, which is equivalent to holding 20% of the voting rights of crocodile shirts.

"My suggestion is that Mr. Xia sell the brand, plant, equipment, etc. of the crocodile shirt to your Tianfu Clothing. "Then use the proceeds from the sale to invest in your company." As a result, you will be hollowed out of the crocodile shirt company and your assets will increase significantly. ”

Summer nodded.

Before the Crocodile Shirt stock market crash, it had a market capitalization of more than HK$2 billion. Its brands, plants and equipment are all high-quality assets. If Tianfu Garment can get the assets of crocodile shirts, it will also be very beneficial to its future development.

Although it now has Dupont, that doesn't matter. It's not uncommon for a group to own multiple fashion brands under its umbrella. For example, LVMH, a well-known French luxury group, has luxury brands such as Louis Vuitton, Givenchy, Dior, and Fendi.

"But it's not as easy as saying it. As far as I know, if I, as a major shareholder of Crocodile Shirts, want to sell its assets to my company, it is a related party transaction, and I must recuse myself and cannot exercise my voting rights. And the other shareholders may not agree to empty the crocodile shirt and sell it to me, right?" asked Summer again.

It is not as easy as imagined that the controlling shareholder of a listed company wants to hollow out the company. In order to prevent major shareholders from abusing their power for personal gain and hollowing out the company, the law has made strict regulations to limit the power of major shareholders. Therefore, it is not that he can do whatever he wants, otherwise, he would not have to spend hundreds of millions of Hong Kong dollars in the summer to let Willis help him with ideas.

For example, if he wants to sell the assets of Crocodile Shirt to Tianfu Garment this time, then he cannot vote himself, and can only vote by other shareholders. If shareholders vote less than two-thirds of the votes, the deal cannot go ahead.

In terms of Tianfu Garment, Summer has enough influence to get shareholders to approve of its acquisition plan. But when it comes to crocodile shirts, summer is not so secure.

After all, among the crocodile shirt shareholders, the Lin family indirectly holds nearly 20% of the shares, and it is impossible for them to agree to sell the crocodile shirt to him. Although they hold less than a third of the shares, they can influence other shareholders and make the deal fail.

"You're well worried, but don't worry, I've looked into it. Chen Jinghui's family has long wanted to emigrate, and the reason why they did not sell all the shares of the crocodile shirt in their hands was actually to wait for Lin Baixin to operate better, and then sell the shares. Willis said.

The Chen family has been in the crocodile shirt business for more than 30 years, but with the rise in land prices and shop rents in Hong Kong, the profits of crocodile shirts have been greatly reduced. In addition, the Chen family's unfavorable development of the mainland market made the prospects of crocodile shirts very unoptimistic, and also made the Chen family interested in business, so they wanted to sell crocodile shirts.

Lin Baixin's business ability has always been obvious to all, from a small garment factory in the 50s, to a large consortium with a market value of more than 10 billion Hong Kong dollars, this talent is comparable to ordinary people.

At the same time, Lin Baixin is very connected in the mainland, and he has been investing in the mainland since the early 80s, so he will definitely be able to open up the mainland market and sell crocodile shirts to the mainland. Therefore, the Lin family is optimistic about the future of crocodile shirts, so they still retain 25% of the shares in their hands and do not sell them.

However, now that the Hong Kong stock market has crashed, the stock price has fallen to the bottom, and the stock of the crocodile shirt in the hands of the Chen family has also depreciated sharply, which makes them regret it very much. In addition, now that the crocodile shirt is in the summer, it is difficult to say whether he is willing to manage the brand well, so the Chen family is very worried about the future of the crocodile shirt. If he is willing to pay a relatively high price in the summer at this time, I believe that the Chen family should not object.

"Not to mention those small shareholders, whose stocks have shrunk dramatically and are trapped like hairy crabs. If Mr. Xia is willing to pay a high price for the crocodile shirt, of course, it is a good thing for these small shareholders, how can they object to it. Willis said with a smile.

When Summer heard this, she nodded.

"If the Chen family and the minority shareholders agree, then it is useless for the Lin family to oppose it. Willis said again.

Summer smiled. Wellis's idea is poisonous enough, and it will make the Chen family and the minority shareholders go around. They must have thought that after selling crocodile shirts in the summer, they would take the money and divide it, so they all voted in favor.

But in fact, after getting the money, the summer is going to invest in his own company. At that time, even the Chen family and minority shareholders will react too late.