Half an hour later, Li Wenxian, chairman of Singapore Press Holdings, hurriedly rushed to Chen Hui, wiped the sweat from his forehead, and said very respectfully: "Mr. Chen!", when Chen Hui's subordinates found him, he was already looking forward to this day!

Chen Hui nodded and said, "Mr. Li, sit down, drink tea first, and let's talk slowly!"

Li Wenxian sat opposite Chen Hui a little nervously, feeling Chen Hui's powerful aura, which made his heartbeat accelerate, and with a hint of panic and uneasiness!

He is now the Chairman of Singapore Press Holdings, but only holds nearly 7.5% of Singapore Press Holdings' shares!

Worth about $300 million.

The purpose of coming here today is also very clear, he wants the merger of the two new media companies, and then continue to serve as chairman.

Thinking of this, he breathed a few sighs of relief, calmed himself down completely, took a few sips of tea, and said frankly: "Mr. Chen, the purpose of my coming to see you today is to merge the two companies!"

Prior to 2000, Singapore's newspaper and television markets were monopolized by these two companies. Previously, SPH only published newspapers and periodicals, as well as commercial websites based on newspaper content. Singapore's four daily newspapers are all under its umbrella, the most important of which are the English-language Straits Times and the Chinese Lianhe Zaobao, as well as Asia.com and Zaobao.com, which have been developed based on the content of these two newspapers. There are also Malay and Tamil newspapers. Mediacorp only operates television and radio stations and related websites, and it also operates Singapore's free-to-air TV channels, including the all-important Channel NewsAsia, English-language Channel 5 and Chinese-language Channel 8.

In 2000, the balance between the two media groups was forcibly broken: the Singapore government decided to allow the two groups to enter each other's business areas, compete with each other, and actively enter the Internet business. In order for them to compete effectively using different media platforms, the Government decided to license Press Holdings to operate two free-to-air television channels and two radio channels, as well as Mediacorp to publish an English-language newspaper. After the two major groups of SPH and Mediacorp were allowed to operate across media, the business of the two groups has since entered a stage of fierce competition from non-interference with each other to continuous intersections.

Now the stage of white-hot competition has been formed!

Li Wenxian's ambition is to merge the two companies and create a monopoly giant media group!

He is not the founder of SPH, but a key partner, and he has achieved the position of chairman of SPH step by step by his own ability!

Chen Hui looked at Li Wenxian's extremely serious appearance, and said with a faint smile: "Mr. Li, you are really outspoken!"

"We met in less than 5 minutes!"

Seeing that Li Wenxian was starting to get nervous again, Chen Hui said: "However, I promise you that you will serve as the chairman of this new group in the future!"

Li Wenxian said: "Thank you, Mr. Chen, for your trust!"

Chen Hui said: "What I trust is your ability, it depends on whether you do well in the future!"

··

After the two chatted in the office for about an hour, Li Wenxian hurried back to prepare!

In the evening, Mediacorp Group held an extraordinary general meeting of shareholders, and in the face of strong opposition from Singapore's sovereign wealth fund shareholders, a major strategic resolution was passed by a narrow margin of votes, allowing Mediacorp Group to merge with Press Holdings!

At the same time, SPH also held a general meeting of shareholders and passed the resolution of the merger of Mediacorp Group with SPH by a huge number of votes!

With the cooperation of Press Holdings, Mediacorp Group and Press Holdings will hold press conferences to announce the merger, and the newly established group is called Singapore Media Holdings!

The chairman of Singapore Media Holdings Group is Li Wenxian, the former chairman of Press Holdings!

Press Holdings announced that it will be delisted, and after the integration is completed, it will be re-listed, and will create a media giant with a market of more than $10 billion!

This can shock the new plus report!!

Everyone knows that there are two major news and communication groups in Singapore, namely Singapore Press Holdings Limited (SPH) and Mediacorp Singapore (Mediacorp). With 15 newspapers, 7 local TV channels, 13 local radio stations and a number of websites, the two groups make up the mainstream news media in Singapore, and now the two news groups have merged!!!

Accounts differ and opinions vary!

Passers-by netizens exclaimed: "The merger of Singapore's two major media groups will monopolize Singapore's media industry!"

Small business owners are horrified: "In the media world, a giant monopoly in Singapore was born!"

Employees in the media industry are extremely worried: "After the merger of the two companies, there may be a big layoff!"

The manager of the investment institution was excited: "After the relisting, the market value will definitely exceed $10 billion within two months!"

Shareholders are excited: "There are stocks to buy again!!"

Bandit Cai was overjoyed: "Haha, you can pick up money for nothing in the stock market!!"

Expert Cao Tianqi: "The development of the two companies is now at a bottleneck, and it is natural to continue to grow through mergers, which is a good thing, which is conducive to concentrating superior resources to fight!" If these two groups merge they can better concentrate resources, concentrate their strength to do something, and have some new breakthroughs in new media, this is very advantageous from a strategic point of view, and the market value of Gapo Media Holding Group will soar all the way in the future!"

Expert Liu Feifan: "Merging the same kind and positioning differences: avoid repeated competition within the group!" New media is a very high degree of marketization, combined with the product of close capital operation, but our traditional newspaper industry, in this regard is often a lot of fetters, innovation ability is also limited, it is difficult to show their hands and feet, and another challenge is that new media is a capital burns a lot of money, when we see the two major newspaper business conditions are getting worse, and a large amount of capital and business centers are invested in the field of real estate and securities, it also makes us think a lot·· It is recommended to buy shares of Gapo Media Holding Group!"

Expert Huang Qide: "Integrate resources and optimize allocation: share printing, distribution and other resources, and expand advantageous industries!

Expert Li Yinghong: "Speed up reform and optimize structure. Co-ordinating the implementation of the new media development strategy and optimizing the group's revenue structure is great news for Singapore Media Holdings."

Wang Qingying (Lianhe Zaobao reporter): Media is not only cross-industry, but new media will definitely change the meaning of media in the future.

···

The bandits in the stock market are completely boiling because of the unanimous bullishness of experts!

"If the stock price soars, I'd rather lose my mind and buy it!"

"This is a real stock market benefit!!"

"Everyone knows that the stock price will rise sharply after the re-listing!"

"Buy in a heavy position, don't explain!!"

"Ready to buy in a full warehouse silently like !!"

"Allocate S$1 million to buy!"

"Ready to allocate S$10 million to pass by silently!"

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