Chapter 273: Huangtu Land (Medium)

Shin Kong Cinema is a famous cinema in Hong Kong, located at Kiu Fai Building, 423 King's Road, North Point, Hong Kong Island. Pen ~ fun ~ pavilion www.biquge.info

Kiu Fai Building is located on the site of the former Heung Kong Branch of the Commercial Press Printing Factory, and the original purpose of the location was to build Block C and Block D of Kiu Kwun Building.

In mid-1965, Kiu Kwong Property Company Limited cancelled the plan to build Blocks C and D of Kiu Kwong Building, and instead built Kiu Fai Building and a cinema with stage facilities, the lobby of which was designed by Man Lou and Hui Dunlok, with a large revolving stage and dressing room, new projectors, sound and lighting equipment, and a capacity of 1,709 people, opened on 16 September 1972.

In the early days of its establishment, Xinguang Cinema was entrusted by Huachang Enterprise Co., Ltd. to Yindu Entertainment Co., Ltd. to operate and manage, and became the stronghold of Shuangnan Cinema Line in North Point.

This time, the stock market plummeted and the real estate market collapsed, which caused Qiaoguang Real Estate to suffer, which in turn led to the same poor capital turnover of Qiaoguang Real Estate.

Therefore, when Mei Aifang approached Qiaoguang Real Estate and proposed to buy Shin Kong Cinema and the 28-storey Qiaohui Building with cash, Qiaoguang Real Estate offered a reasonable price of 450 million after a simple internal discussion.

After some discussion with Kiu Kwong Real Estate, Mei Aifang, on behalf of Xu Cun, spent $415 million to buy Shin Kong Cinema and the 28-storey Kiu Fai Building in the name of Huangtu Land, and renamed Kiu Fai Building Shin Kong Building.

……

Yau Ma Tei Cinema is located in Yau Ma Tei in Kowloon, Hong Kong, at the junction of Waterloo Road and Reclamation Street, and was a cinema and cinema in the pre-war period, and was known as one of the "Five Cinemas" at that time.

Located in the heart of the old district, the Yau Ma Tei Cinema was a popular pastime for the nearby Yau Ma Tei dock workers and coachmen, often filling up for movies and Cantonese opera performances.

However, with the change of times, Yau Ma Tei Cinema failed to compete with the new cinemas, so that the business gradually declined.

Yau Ma Tei Cinema originally belonged to the Shaw Brothers Cinema Line, and was rented by Lui Juekun two years ago to join the Golden Princess Cinema Line.

If Xu Cun does not appear, Yau Ma Tei Cinema will withdraw from Golden Princess after three years in order to increase its turnover, and join the daily live cinema chain (a cinema chain specializing in color ~ love movies).

But-

Xu Cun appeared!

Xu Cun spent HK$6.5 million in the name of Royal Land to buy both the Yau Ma Tei Cinema and the adjacent Yau Ma Tei Pumping Station Quarters (red brick houses), then demolished them and converted them into a state-of-the-art multiplex cinema covering an area of about 8,000 square feet (800 square metres) with three floors and five halls and 500 seats each, and renamed it Yau Ma Tei Cinema.

In other words, a very historic building was destroyed by Xu Cun.

……

In addition to buying a theater, Xu Cun also rented the Lee Stage and the Jade Pearl Theater, which were abandoned by Shaw Brothers.

Lee Stage is located at 99 Percival Street, Causeway Bay, at the junction of Percival Street and Lai Tung Street, facing Leighton Road. Mainly used for Cantonese opera, opera and concert performances, as well as film screening, it was once a noble entertainment venue in Hong Kong.

As far as a theater is concerned, all aspects of the Li Stage are good, and the only bad thing is that the rent is also good, the rent of the Li Stage is 7.5 million a year, and the rent has to be five years.

Now, Shaw Brothers has been going downhill, and it is really difficult for Shao Yifu to sign a five-year long-term contract with Li Stage.

Therefore, after the lease between Shaw Brothers and Lee Stage expired, Shao Yifu did not renew the contract.

And the Li family also took advantage of the time to find a new partner, redecorated the Li stage, and at the same time increased the rent to 9 million per year.

In fact, according to Xu Cun's original intention, he wanted to buy the Li Stage directly, but the Li family was much richer than Xu Cun, and he didn't mean to sell the golden egg of the Li Stage at all.

Therefore, Xu Cun can only sign a ten-year long-term contract with the Li family in the name of Huangtu Land, and lease the stage for ten years (the rent is paid every two years).

The Jade Pearl Cinema is located at Nos. 23-36 Paterson Street, Causeway Bay, Hong Kong Island, at the junction of Kee Lee George Street, at the Jade Pearl Plaza, and is also a large theater with 1,000 seats.

The situation of the Jade Pearl Theater is similar to that of Lee Stage, and after the lease expired, Shaw Brothers did not renew the lease (also because the owner of the Jade Pearl Theater wanted to increase the rent by 20%, and had to sign a five-year long-term contract with Shaw Brothers, so Shaw Brothers abandoned the rent.) ), was leased by Xu Cun in the name of Huangtu Land.

……

That is to say, now Xu Cun has eight theaters in his hands: Taiping Cinema, Queen Cinema, Xinguang Cinema, Entertainment Cinema, International Cinema, Yau Ma Tei Cinema, Lee Stage, and Jade Pearl Cinema.

Although the number of theaters in Xu Cun's hands is much less than that of the Shaw Brothers Cinema Line, the Golden Princess Cinema Line, the Golden Harvest Cinema Line, and the Shuangnan Cinema Line, the theaters in Xu Cun's hands are all the largest theaters in Xiangjiang - both in terms of location and the number of seats.

The number of seats in the Taiping Theatre is 2,000.

The number of seats at the Queen's Theatre is 1,400.

Shin Kong Cinema has 1,709 seats.

The number of seats in the entertainment theater is one thousand.

The number of seats in the international cinema is 3,000.

The number of seats at the Yau Ma Tei Cinema is 2,500.

The Lee Stage has 2,000 seats.

The number of seats in the Jade Pearl Cinema is 1,000.

Total: The total number of seats in these eight theaters is more than 14,600.

This number of seats is not much worse than that of the Shaw Brothers Cinema Line, which has only fourteen old theaters left. Therefore, as long as Xu Cun announces to the public that these eight theaters are his Xu Cun's, the fifth largest cinema chain in Xiangjiang will be born in an instant.

Of course, the premise is that Xu Cun's six theaters have to be renovated.

Now.

The complete reconstruction of the Yau Ma Tei Cinema can be imagined.

Although the International Cinema does not need to be rebuilt, the effort required to convert a two-storey commercial building into a multiplex cinema is by no means much worse than the effort required to rebuild the Yau Ma Tei Cinema.

The most troublesome is the Taiping Theater - Xu Cun plans to build the Taiping Theater into the leading theater of his own cinema chain. So, the design alone has not been completed until now. By the way, the Taiping Theater was also incorporated into the Imperial Atlas Land.

Comparatively speaking, the Queen's Cinema, the Entertainment Cinema, and the Shin Kong Cinema are relatively easy to run -- these three cinemas are mainly to redecorate and replace the most advanced projection equipment, which does not take much time.

But-

And that's okay too!

Xu Cun has money!

And money can make the devil grind!

Regardless of the cost, the team that Xu Cun invited from the United States to design the cinema and Chen Yaoqing gave Xu Cun a military order - they promised that by the end of the year, Xu Cun's six theaters would be able to open normally.

……

(To be continued.) )