Chapter 389: A huge red envelope
The tiny city of Hong Kong is home to four stock exchanges, and the Hong Kong government wanted to integrate the four stock exchanges for a few years to better regulate them!
Among the four exchanges, the Kowloon Exchange and the Gold and Silver Exchange are slightly inferior, and the real competition is the Far East Exchange and the Hong Kong Stock Exchange, with the support of Chinese and British respectively standing behind them.
Since the late 70s, with the rapid rise of Chinese capital, it has gradually had the strength to challenge British capital. The Far East Exchange, which has been established for less than 20 years, has an average daily trading volume of more than 200 million Hong Kong dollars, leaving behind the century-old Hong Kong Stock Exchange.
Against this background, if the four associations merge, Li Fuzhao, the head of the Far Eastern Exchange, will naturally demand a dominant position in the newly established United Exchange. However, the Hong Kong Stock Exchange, as the oldest securities market in Hong Kong, is naturally reluctant to be swallowed up. The open and secret struggle between the two exchanges is also the fundamental reason why the merger of the four associations has not been able to make progress for a long time.
Li, Wang, and Zhang, these three surnames are the three most populous surnames among the 100 surnames in China. In Hong Kong, if you talk about the Li family, the first thing to recommend is not Li Xuan, a nouveau riche, nor Li Ka-shing, the "Li Superman" who was robbed of the title of the richest Chinese by Li Xuan, but the "Li Shipeng family", which is known as one of the four major Chinese families in Hong Kong.
As the saying goes, you can't be rich for three generations! Li Shipeng's family has been prosperous for nearly 100 years since he made his fortune in shipping at the beginning of this century.
Among the third generation of the Li family, there are three who have served as members of the Executive Council and the Legislative Council. Since the acquisition of Hang Seng Bank by HSBC, BEA has been the largest Chinese-funded bank in Hong Kong for more than a decade. It wasn't until two years ago that it was surpassed by Li Xuan's Jiahua Bank, and the Bank of East Asia was the family business of the Li family.
The Bank of East Asia was founded by Li Shipeng in 1910. It can be described as one of the oldest and most influential Chinese-funded banks in Hong Kong. And it is relying on the Bank of East Asia that the Li Shipeng family is in the Chinese capital of Hong Kong. has a strong influence.
Therefore, Li Fuzhao, who was born in the Li family, was able to gain the general support of Chinese capital and successfully established the Far Eastern Exchange to compete with the Hong Kong Stock Exchange, which was controlled by British capital.
The Far Eastern Exchange can be said to be the private dynasty of the Li family, Li Fuzhao not only served as the chairman of the exchange, but also served as his two sons and a son-in-law. The members of the Listing Committee, which controls the power of the exchange, are almost all close associates of Li Fuzhao.
Li Fuzhao placed a part of the listed new shares within the exchange, and firmly controlled the power by means of equalizing interests. Most of the newly listed companies in order to obtain the opportunity to enter the market. Willing to compromise with the Listing Committee.
However, Asia Entertainment Holdings Company is obviously not among them, and Asia Entertainment Company is backed by the golden sign of "God of Wealth Li", no matter which company it goes to be listed, it will definitely attract shareholders to pursue it wildly. On the contrary, if the Far Eastern Exchange can't retain Asia Entertainment Holdings and is snatched away by the other three competitors, it will definitely be a big blow.
The Far East Exchange wants to set the listing price of Asia Entertainment Holdings at HK$10 and at the same time request for a placement of 5 million new shares. This requirement far exceeds the bottom line of ATV Media, according to ATV Group's plan, the new share issue price of ATV Entertainment will be HK$15. The exchange can have a maximum of 1 million shares allocated.
Previously, the Oriental Group's Aikang Company and Computer Park Company were listed in London and New York, and both achieved great success. However, Hong Kong shareholders are unable to get a piece of the pie, and now the industry of "God of Wealth Lee" is finally going to be listed in Hong Kong, and countless shareholders have been waiting for it. I am going to borrow the wealth of "God of Wealth Lee" to also send it once.
The financial figures announced by Asia Entertainment Holdings are also very good, and ATV Group has packaged and integrated almost all its high-quality assets into Asia Entertainment Holdings. Asian Entertainment's shares will be in short supply. It's almost predictable.
"Recently, it was rumored that Jiahe wanted to dig up the fat man Hong Jinbao, and Mr. Zeng directly gave him 100,000 shares. Isn't it too much? If he pats his ass and leaves, wouldn't the loss be great!" Guan Zhilin snuggled in Li Xuan's arms. Said softly.
"Hong Jinbao is now the number one big brother among all the artists in Asia Entertainment, and he signed both the artist contract and the director contract in Asia Entertainment at the same time, so it is natural that he gets the most options!
These options have an exercise time and are limited in batches, and it is impossible to get the stock all at once. Therefore, if he chooses to change jobs, it means that he will have to give up a large part of the stock options that are not exercised! This actually increases the cost of poaching people from other companies!" Li Xuan explained, he had been awake for a while. Last night was a romantic night, and he's a little lazy now.
Equity incentives within the company are Li Xuan's consistent strategy. According to the company's plan, the employees and management of the entire ATV group will be allotment of up to 5 million shares, accounting for 5% of the total shares of Asia Entertainment.
Based on Li Xuan's proposed HK$15 per share, ATV Group is equivalent to sending a huge red envelope of HK$75 million internally. In fact, there must be a lot of room for the stock price of Asia Entertainment to rise after it is actually listed.
ATV Group values the entire Asian entertainment company at about HK$1 billion, with a share capital of 70 million shares at $15 per share. Another 30 million new shares were issued, raising HK$450 million, bringing the total market value to HK$1.5 billion.
In fact, among the various assets classified into Asian Entertainment, the ATV Film and Television City under construction alone has a total investment of up to 450 million Hong Kong dollars. Covering an area of 12 hectares, the 12-hectare studio will be one of the largest and most advanced indoor filming sites in Asia.
With the vigorous development of Hong Kong's film and television industry, and Hong Kong's real estate industry seems to have bottomed out after falling to the bottom, the valuation of the asset of ATV Cinemas by financial institutions alone has reached 600 million Hong Kong dollars.
Counting assets such as Asia Pictures and Asian Brokerage Companies, the valuation of the total assets of the entire Asian Entertainment is 10 Hong Kong dollars, which is actually relatively conservative, which gives the stock a lot of room to rise after listing.
Hong Kong's securities market is far less mature than the securities markets of the United Kingdom, the United States, and other countries. Hong Kong's stock market today is similar to that of the mainland a few decades later, with a large proportion of retail investors, which makes the market prone to skyrocketing and plummeting. According to Li Xuan's estimates, after the listing of Asian Entertainment's shares, the stock price doubled to 30 Hong Kong dollars per share, which is by no means very difficult.
For example, Hong Jinbao obtained 100,000 shares of options, which is equivalent to receiving a red envelope of 3 million Hong Kong dollars. Other companies want to poach people, and they have to pay at least 10 million Hong Kong dollars if they count liquidated damages and other expenses.
Even for Golden Harvest and New Arts City, this is by no means a small amount, and whether it is worth it is a big question! Moreover, Asia Entertainment is not strict in the management of the contracted artists of its brokerage companies, and they are completely allowed to take over the film contracts of other companies. Therefore, if Golden Harvest and New Art City want to use Asian Entertainment's artists, they don't need to poach people at all. (To be continued......)
PS: The description of the previous chapter is a bit excessive.,I've been warned.,It's been revised.,I was wrong.,I'll pay attention in the future!Come back at night.,I don't know what's going on with the notebook.,Non-stop blue screen!More than 1,000 words have been written.,This chapter is coded out with a mobile phone.。 Two thousand words were coded for four hours, and they were all tears! Fortunately, two thousand words were sent in the early hours of this morning, otherwise the whole attendance would probably be lost again!