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On January 18, 2006, Wang Qinian flew to Hong Kong to handle the handover procedures of Golden Harvest Company, because many documents were required to be signed by him. Pen? Interesting? Pavilion wWw. ｂiquge。 infoIn addition, the acquisition of Golden Harvest is at least to go to the company to appease the hearts of the company's employees.

Generally, after merger activities, there will be layoffs!

But after the acquisition of Golden Harvest, it is impossible for Wang Qinian to lay off employees, but to try not to lose any employees. Because, the most precious resource of the 21st century, the early 21st century is also the fastest stage for the development of the Chinese film industry. During this period of time, any senior talent is obtained by the opponent, which is the behavior of the opponent.

After Wang Qinian arrived in Hong Kong, the Hong Kong Securities Regulatory Commission and the relevant domestic authorities approved the transaction, and then Golden Harvest began to resume trading.

On the day of the resumption of trading, Golden Harvest Entertainment's share price soared tenfold, from less than 0.2 yuan a share to more than 2 yuan a share.

Although, it has risen to two yuan, which is not a great increase, and Golden Harvest was at this price ten years ago. Merely. It's been so miserable over the years that it's not favored.

So far, it has risen to 2 yuan a share, and it has not even risen above the net worth!

It can be said that Golden Harvest is still very underestimated by tens of times and tenfold, which shows that Golden Harvest has almost exceeded the realm of ordinary cigarette butt stocks in the past!

Graham described cigarette butt stocks as a 50% discount on net worth, and then 5% off again. That is to say, with 25 yuan, buy 100 yuan of assets. This kind of investment opportunity, in the booming market after World War II, has become increasingly rare.

However, in Hong Kong, there are more investment targets due to the lack of funds. As a result, the funds have failed, and a large number of companies that have not been paid attention to have a long-term rare trading volume. Incredibly low stock prices are also common.

In the past, Golden Harvest was almost forgotten by the market!

But after being acquired. The market quickly started to go crazy!

Whether it's institutional investors, or some retail investors. They all began to buy Golden Harvest. Although more investors hesitated, just the influx of tens of millions of capital was enough to speculate Golden Harvest's share price to the sky.

It was once incredibly cheap!

Even if the market value is compared with many junk shell companies, Golden Harvest is much lower than the market value of those junk stocks!

Of course, when the price of shares rises, listed companies are also obliged to explain. Golden Harvest Entertainment needs to explain: "The board of directors and the company do not understand the reason for the recent surge in our company's stock. The company does not have information that should have been disclosed but was not disclosed. If. If you want to know about the company's business status, you can log on to our website and pay attention to the latest developments. Any matters that affect the future operation, as long as there is an obligation to disclose, we will disclose it as soon as possible! ”

This explanation, in fact, is nonsense.

Of course, the Hong Kong stock market does not force listed companies to disclose information, but only fill in some data forms according to the requirements of the Hong Kong Stock Exchange when issuing quarterly statements and annual reports.

As for anything else, there is no need for listed companies to talk nonsense with other investors. There is also no need to explain anything to investors.

Of course, some responsible large companies will still explain some problems very seriously. The opinions of investors and public opinion circles are highly valued.

Although the scale of Golden Harvest is not large, it is still quite formal. In terms of information disclosure, it is at least more serious than other entertainment companies.

Shortly after Wang Qinian arrived in Hong Kong, the board of directors of Golden Harvest began to change.

Zou Wenhuai retains honorary chairman and advisor to Golden Harvest.

Ms. Zou Chongheng was hired as the deputy general manager of Golden Harvest because she has been a senior executive of Golden Harvest for a long time, and she has a better understanding of the company's current situation, which will help the partner company to better grasp the current situation of Golden Harvest.

As for the Zou family, they still hold more than 10 million shares of Jiahe Company. Rather than to history, after Orange Sky Entertainment became the owner. The Zou family does not leave a single share. Retaining the equity of the Zou family is actually to take advantage of the Zou family's connections.

Wang Qinian was granted the status of chairman of the board of directors of Golden Harvest Entertainment. Yu Dong served as the general manager of Golden Harvest Company.

The small partner company will also be reorganized, the establishment of the small partner film and television entertainment group, the star brokerage, film and television, cinema and other assets, integrated together, Yu Dong also stepped down as the general manager of the small partner group, and served as the general manager of the small partner film and television entertainment group. In fact, although Yu Dong is studying hard in many businesses of the small partner group, only film and television related work is more professional. Therefore, although he has served as the general manager of the partner company for a long time, in fact, he is mainly the person in charge of the film and television business.

The proposal to step down as the general manager of the small partner group and serve as the general manager of the newly established film and television group and the general manager of Golden Harvest was also requested by Yu Dong.

After Yu Dong steps down, Wang Qinian will appoint Zhang Wei of the investment department as the general manager of the small partner group. This means that the small partner group company will transform into an investment and holding business. The subsidiary generates cash flow, and the parent company is then responsible for expanding the group's territory by means of investment holdings.

This approach will make the parent company more and more streamlined. Its subsidiaries will be independent and have greater autonomy.

To put it simply, the small partner culture and entertainment group company, the group's transformation direction is a Berkshire-Hathaway type company. It's just that the direction of investment by small partner companies will be more concentrated in the cultural and entertainment industry.

Of course, the parent company at the top of the small partner has gradually become similar to Berkshire Hathaway, controlling a bunch of companies by means of investment, holding, equity participation, etc. However, the manpower within the parent company will become extremely lean. Berkshire Hathaway actually has only a dozen people. The future group company may have more people, but it will not exceed 100 people!

The parent company of the small partner only manages 100 people, which is obviously easier than managing tens of thousands of people, and there may be more and more people in the future.

As for the newly established partner Film and Television Entertainment Group, although it is a subsidiary, it is also a behemoth in the entertainment industry, after all, it is a group! In this group company, there is also a listed company!

The film and television entertainment group currently has small partner cinemas, small partner star brokerage company, small partner film company, small partner film and television investment fund, bilibili video network and other departments, plus the newly joined Golden Harvest Entertainment Company. The small partner film and television entertainment group has a bunch of resources on hand, and in addition, there is 2 billion yuan in cash allocated by the group's parent company.

Other words. Partner's film and television entertainment group, in terms of asset size, is at least a giant with a scale of 4 billion. And if it goes on the market as a whole. Listed in the more optimistic A-share market, a conservative estimate has to give a valuation of 30 billion. Of course. Assuming a pessimistic market like Hong Kong, it may only have a valuation of $2 billion. Valuations are lower than the actual value of the company, which is common in the Hong Kong stock market.

In the Chinese film company, the small partner film and television entertainment group is a huge aircraft carrier from any point of view. And this aircraft carrier is only a part of the small partner group, and. It's not a strong part yet.

Of course, considering that the Little Partner Film and Television Entertainment Group holds a listed company, this is also the only listed company under the Little Partner Culture and Entertainment Group. Although it was acquired, it is equivalent to a godson adopted outside, not a biological son cultivated by the partner company itself.

But Wang Qinian assured that he would love his godson more than his own son. Therefore, there is absolutely no problem with the future development of Golden Harvest.

But. Now the small partner company holds 37 million shares of Golden Harvest, although it has become the largest shareholder, but the controlling stake is not stable.

Next. The small partner Film and Television Entertainment Group also announced that it would begin to publicly increase its holdings of outstanding shares in the market at a price of no more than HK$10 per share to enhance its position as a controlling shareholder.

The market is a little hesitant about this!

Many retail investors began to sell stocks and settle down. After all, after the resumption of the market, the stock price of Golden Harvest has risen tenfold, and many retail investors. are unknowingly making a lot of money.

If it goes up again, many people feel that they have no bottom in their hearts.

But. Investors only measure the value of Golden Harvest's shares by price, while small partner companies consider the pattern. So. Soon after announcing the opportunity to increase the number of shares, the partner company immediately sold and continued to buy.

spent more than 40 million yuan to increase his holdings by more than 10 million shares, pulling the share price of Golden Harvest to HK$6 a share.

At this time, the shares of Golden Harvest held by the small partner company also increased to more than 47 million shares. The controlling stake is already relatively solid, after all, the total share capital of Golden Harvest is only 126.8 million shares.

Of course, with so much increase in holdings in one go, short-term speculators in the market have basically sold what they should sell, and small partner companies want to continue to increase their holdings, and they can't buy many chips.

Fortunately, at present, the partner company is the major shareholder of Golden Harvest, and next, a board meeting will be held to announce the allotment plan. Old shareholders who hold Golden Harvest shares can participate in the allotment at a price of HK$4 per share.

If you are willing to participate in the allotment, you can contribute capital to buy new shares at a price of 4 yuan per share.

Of course, the allotment plan was thrown out, and most shareholders did not react very violently. Because, the latest financial statements of Golden Harvest Entertainment Company show that the net assets per share are HK$3.1.

The allotment plan is not lower than the net worth to give everyone money, but it is limited like circle money!

Therefore, the old shareholders who participated in the allotment responded coldly, and only the old shareholders of more than 3 million shares paid money to participate in the allotment plan.

Of course, the small partner company does not intend to make money at all, but to consolidate its controlling stake by allotment and adding a large number of new shares. It is better for other investors not to participate, and it is obviously more in line with the interests of the company to participate in the allotment of shares by the small partner company itself!

The original allotment plan of the small partner company was to increase its stock holdings for itself - 47.5 million old shares, all of which participated in the allotment.

After the successful implementation of the allotment plan, the total share capital of Golden Harvest Entertainment Company increased to 178.5 million shares. Partner, Film and Television Entertainment Group, doubled its shareholding in Golden Harvest Entertainment Company, and its shareholding ratio increased to 53.2%!

In this way, the controlling position of the partner company in Golden Harvest has been completely consolidated.

Through the allotment plan, Golden Harvest Entertainment Company also increased its cash by 200 million yuan. With this cash, Golden Harvest Entertainment Company can obviously let go of its hands and feet and carry out a series of big moves!

This action is mainly focused on the layout of the theater, and, like the theater layout of the partner company, it is better to rent than to buy!

Housing prices in Hong Kong will rise in the future, and rents will rise! Buying a cinema property directly and settling accounts for a long time is definitely more cost-effective than renting...... (To be continued)

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