At this moment, Singapore's sovereign wealth fund, Lin Zhaojie's face was extremely pale, and his eyes looked at the news of the formation of Singapore Media Holding Group incredulously!!

His face was furious to the extreme,

The whole office is filled with an extremely oppressive atmosphere!

The assistants didn't dare to kick it in anger, they all lowered their heads, waiting for Lin Zhaojie to vent their anger!

Lin Zhaojie stared at everyone angrily and asked, "Don't you speak??"

"Why don't you all speak??"

"Can anyone tell me, what the hell is going on??"

"What the hell are you idiots doing??"

"We actually lost the management and management rights of eight companies!!

"What a bunch of rice buckets!"

"Rubbish!!"

"Are you all idiots???"

"Ah??? look at it!!Look at !! have lost control of the eight companies!"

Not to mention the collapse of Temasek and the annexation of DBS Bank by Standard Chartered Bank, which caused irreparable damage to their investment empires, and many of the small businesses they invested in Asia were cut off!

And in recent times, the investment empire of Singapore's sovereign wealth fund has also suffered heavy positions in Singapore!

First, MPH (Singapore's famous eco-park tourism company) acquired six major travel agencies in Singapore to form Singapore International Tourism Group, although they hold 22.5% of the shares of Singapore International Tourism Group, they are the largest shareholder, but they were kicked out of the board of directors and lost the right to manage and operate!

Second, it is the merger of the three giants of Singapore's power industry, Tuas Energy, Sennoko Energy and Siraya Energy to form Singapore Power Holdings, which hold about 30% of the shares of Singapore Power Holdings, but they are still swept away!

Then there was Singapore Power Group, which successively acquired Gaosheng Holdings and Falcon Energy Group.

Thirdly, the plan that led him to privatize the Singapore Power Group and inject $1 billion failed, and the opportunity to buy an Australian power grid company at a low price was missed, and their Singapore sovereign fund's stake in the Singapore Power Group was diluted to 22% and kicked out of the board!

Fourthly, Singapore's two major public transport agencies, the Singapore Mass Rapid Transit Corporation (SMRT) and SBS Transit, have announced their merger to form the Singapore MRT Group!

For this reason, their Singapore sovereign wealth fund lost the Singapore MRT Corporation! Although it holds 18% of the shares of the Singapore MRT Group, it was still kicked out of the board of directors!

Fifth, major shareholders such as Benoit Valentine, Bai Shulan, Dilhan Dilhan, Ferrucci, and Zhang Qimu jointly attacked at the shareholders' meeting, resulting in the loss of the management and management rights of Singapore's technology telecommunications and media companies by Singapore's sovereign wealth fund!

Sixth, the merger of Singapore's two major media giants, the Mediacorp Group will merge with the newspaper holdings to form the Singapore Media Holdings! Singapore has lost the Mediacorp Group, and although it holds 14% of the shares of the Singapore Media Holdings, it has nothing to do with the board of directors!!

This is a total of eight large enterprises!!

Many of these eight large enterprises are big customers of key incubators in Singapore's sovereign fund investment empire, and once these guys cut off business contact with the key incubated enterprises of Singapore's sovereign fund, then the impact on their Singapore sovereign fund investment empire is not ordinarily big!

Thinking of this, Lin Zhaojie broke out in a cold sweat on his back, and said secretly: "You have to prepare early and sell the shares of the company!"

After gasping a few breaths, he hesitated for a moment and ordered, "You have recently tried to win over the shareholders of these companies and see if you can get our people on the board of directors!"

The assistants said: "Yes, Mr. Lin!", after speaking, everyone hurriedly left Lin Zhaojie's office, for fear of being criticized again, Lin Zhaojie was really angry just now!

In the evening, Chen Hui received a call from Li Wenxian, and after connecting.

On the phone, Li Wenxian said excitedly, "Mr. Chen, everything is going well!" Now that the New Media Group will announce its merger with the newspaper holding to form the Singapore Media Holding Group, Singapore's sovereign wealth fund is completely out, and he has become the chairman of the Singapore Media Holding Group, and will hold 6% of the shares! The shareholders who supported him at the newspaper controlling shareholders' meeting now hold 21% of the shares of the Singapore Media Holding Group!

Chen Hui holds 40% of the shares of Singapore Media Holding Group, and together with the shareholders of their faction, the total shareholding is as high as 67%!

Full and absolute control of Singapore Media Holdings!

And these shareholders are all members of the Standard Chartered consortium, and he will be on the board of directors of the Standard Chartered consortium!

It's exciting to think about!

Chen Hui said: "Very good, well done!", now that a large enterprise has been completed, Chen Hui is still quite satisfied, he has been preparing for a long time! Now the plan is being implemented step by step!

The Standard Chartered consortium is being built in an orderly manner!

At this time, Li Wenxian said: "Mr. Chen, I plan to go to the building in person and talk about cooperation with a media giant!"

Singapore Media Holding Group has just announced its establishment, and the deputy manager of Standard Chartered Investment Bank also approached him to talk about re-listing, the current temporary valuation of Singapore Media Holding Group is 7.5 billion US dollars, but when it is really listed, its market value may exceed 10 billion US dollars within a month!!

Because of the integration of the two media giants, it will greatly increase the market profits of the new group company!!

Chen Hui nodded and said, "Well, the matter of the group company is up to you, and I believe you will not let me down!"

Li Wenxian said gratefully: "Thank you, Mr. Chen!"

After ending the call, Li Wenxian called his assistant and gave a few orders!

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An hour later, Singapore Media Holdings announced that it had led a $10 million Series B funding round for Magzter, a global digital magazine store and newsstand in New York.

Magzter is a self-service digital magazine store with 2,850 magazines from more than 900 publishers, including Condé Nast and Hearst. The number of downloads has already exceeded 10 million, and the number of active users is not yet known.

They are headquartered in New York, London and have offices in Singapore. Their services can be found on iOS, Android, indos 8, Amazon, Huawei, and web app stores, which means users can view their paid digital magazines on most smartphones and laptops.

It is worth noting that the newsstand company chosen by Singapore Media Holdings is a New York-based company, and it does not choose Ookbee in Thailand or Scoop in Indonesia, which provide similar services.

Moreover, all three companies have incorporated SPH's newspapers into their programs.

A spokesperson for Singapore Media Holdings explained that its extensive geographical coverage reached 650,000 downloads in April, while another Ookbee had 3 million downloads in a single month.

For SPH, this is an attempt to modernize their investment by allowing them to invest in new media technology!

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Li Wenxian, chairman of Singapore Media Holding Group, announced that he will make a strategic investment in the building media market!

Immediately caused an exclamation again!

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