Chapter 570: The Expansion Continues
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With the support of Xu's vast contacts in the banking circles, Zheng Haiquan and others took advantage of the stock market crash to acquire bankrupt banks with good foundations, and the matter of acquiring bankrupt banks with good foundations went very smoothly -- in just over a month, Zheng Haiquan and others helped Xu Cun acquire dozens of banks of various sizes with good foundations in the United States, Australia, France, Germany, Sweden, Italy, the Netherlands, Japan, Xiangjiang, and Singapore. Pen × fun × Pavilion www. biquge。 info
Among these banks, the largest and most successful bank that Xu Cun has acquired is one-third of Société Générale.
Société Générale is one of the largest commercial banks in France, with its head office in Paris, and it was founded in May 1864 under the full name of "French Corporation for the Promotion of Industry and Commerce".
Société Générale has 2,873 branches at home and abroad, mainly in 30 countries and regions, including the United Kingdom, Belgium, Switzerland, Austria, Spain, Tunisia, Morocco, Congo, Japan, Iran, the United States, and Canada.
Initially, Société Générale was a private bank.
It was nationalized in 1946.
In 1979, the state controlled 93.5 percent of the bank's capital.
After the transition to full control.
Last year, the French government decided to privatize 60 nationalized enterprises.
Therefore, in mid-June this year, the shares of Industrial Bank were publicly sold to the public.
In this way, IB has become a private bank again.
However, the timing of Société Générale's transition from nationalization to privatization was very poor -- the stock market crash came as soon as the bank was listed on the Paris, Tokyo, and New York stock markets, and the Paris, Tokyo, and New York stock markets were all the hardest hit by the stock market crash. As a result, the bank's assets are inevitably seriously undervalued.
As soon as the news came out that Xu Cun was going to buy the bank for expansion, Amédé Meunier, the group chairman of Crédit Agricole, who had benefited greatly from the stock market crash, approached Xu Cun to discuss with Xu Cun about carving up Société Générale.
In addition to finding Xu Cun as a partner, Amédé Meunier also found a lot of local French capital to acquire Société Générale together.
These powerful forces worked together to snipe at Société Générale, a bank with bad luck, how could Société Générale be able to parry?
It didn't take a few rounds, and Société Générale, which suffered heavy losses in the stock market crash, was taken down by forces such as Xu Cun and Crédit Agricole.
When the spoils were divided, Xu Cun incorporated all the assets that could be spun off from Société Générale into Baye Bank, and finally left only 6% of the equity of Société Générale in the name of Baye Bank.
In addition, in the process of sniping at Société Générale, Amédé Meunier sold 4.6% of the shares of Crédit Agricole CI Suez to the tyrant bank on the grounds of lack of funds, forming an eternal alliance of interests with Xu Cun.
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Luen Mei Cinemas was established in 1924 by the film studio of the same name, Luen Mei Film Production and Distribution Company, which then operated independently from the studios.
In the late 40s of the twentieth century, Luen Mei Cinemas was acquired by the Naify brothers in the Golden State Cinemas in the San Francisco Bay Area.
The stock market crash caused the Naify brothers heavy losses, and in desperation, the Naify brothers could only package and sell the Luen Mei Cinema Line.
Originally, the Naify brothers were going to sell the United Artists Cinema Line to Cheng Communications.
It's a pity -
Just when the telecommunications company and the Naify brothers were lowering the price, the wealthy Imperial Cinema Line intercepted Hu of the telecommunications company at a high price (afraid of being targeted by the US monopoly law and also afraid of arousing the disgust of the American audience, Xu Cun and Jiang Zhiqiang decided to establish an American company called 'Imperial Cinema Line', which was under the name of Claudia, who has American nationality. DreamWorks Group accounts for 80% of the shares of Emperor Cinemas, Jiang Zhiqiang personally accounts for 20% of the shares of Emperor Cinemas, and all the fixed assets of Emperor Cinemas are transferred to the name of Huangtu Land. In other words, Emperor Cinemas is a professional cinema company that does not have any cinemas. )。
In addition to the acquisition of the Luen Mei Cinema Line, the Imperial Cinema Line also formulated a strategy to annex small cinemas and build new modern multiplexes to grow and develop - in less than two months after the stock market crash, the Imperial Cinema Line selected the sites for 47 modern multiplex cinemas and began to build them. In addition, Emperor Cinemas has also acquired small cinema chains such as CobbTheaters, RCTheatres, and National Theaters.
By the end of December 1987, Emperor Cinemas had 366 theaters and 4,521 screens in 26 states and the District of Columbia.
In addition, the expansion of Emperor Cinemas in the United States continues......
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DreamWorks Records' westward march didn't go too well.
Although Zheng Donghan has built the framework of DreamWorks Records (American Branch) and DreamWorks Records (European Branch).
But these don't mean much to a record company.
For a record company, the most important thing is always the singer and the channel for the distribution of the record company.
Needless to say, in terms of channels, how can the newcomer DreamWorks Record Factory Group have any channels?
At present, Zheng Donghan is preparing to buy a record company with a complete sales channel, so that DreamWorks Records can gain a foothold in Europe and the United States.
In terms of singers, there is no need to say much - there are many Asian singers in the DreamWorks Record Group, but when it comes to European and American singers, the DreamWorks Record Group is blind. It wasn't until Xu Cun took his daughters back to Xiangjiang from the United States that Zheng Donghan discovered a New York girl named 'Debbie Gibson', and found a master to produce "OnlyInMyDreams", "ShakeYourLove", "OutOfTheBlue" and other youthful songs for her.
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The initial phase of DreamWorks Television's acquisition of CNN was not smooth – CNN did not yet have a television network, but Ted Turner had the rights he had legally won CNN to launch via satellite. In addition, CNN has taken the lead in making on-the-spot reports on major news events such as the assassination of President Reagan, the U.S. invasion of Panama, the demolition of the Berlin Wall, and the October incident in Moscow. All of this made Ted Turner reluctant to sell CNN.
Of course,
The Gulf War, which brought CNN to its peak, has not yet happened, and the future of CNN is still uncertain.
In addition, Ted Turner suffered heavy losses in this stock market crash.
The most important thing is that Xu Cun's conditions for Ted Turner's acquisition of CNN are too superior to be so superior that even a determined person like Ted Turner can't refuse.
So, after Barry Cindy talked to Ted Turner a few times, Ted Turner finally agreed to sell CNN, including MGM's film library, to Xu Cun, and signed a contract with Xu Cun, eight years before he sold CNN to Time Warner in his previous life.
After CNN's fixed assets are divested into Huangtu Land, CNN will be merged into the DreamWorks TV Network, which will become the fourth largest TV network in the United States, which can be compared with the three major TV networks in the United States.
By the way, because CNN was bought by Xu Cun's private money, Barry Cindy's stake was diluted again, leaving less than 2 percent.
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