Chapter 375: Acquisition of Golden Harvest III
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"We think that Sanya, HN Province, can have a set. Pen ~ Fun ~ Pavilion www.biquge.info not only on the set, but also like Disneyland, forming a cultural theme park. Yu Dong said, "In the future, the theme parks teamed up by Golden Harvest and our friends will bloom everywhere like Disney!" ”
Zou Wenhuai nodded and said, "I hope that in my lifetime, I can see the new set of Golden Harvest!" ”
With the sincerity of the small partner company, in addition, the price issue is also more suitable.
At a price of HK$10 per share, the partner company acquired 20 million shares of Golden Harvest from Zou Wenhuai and Zou Chongheng. If, at the current market price, these shares are now only worth 4 million. However, the partner company can spend 200 million yuan to buy assets with a market value of 4 million yuan.
Why? Because, according to the calculation of cinema assets, Hong Kong and Singapore and other places combined, there are 20 cinemas.
For some of the cinemas, Golden Harvest bought the property, so Golden Harvest's cinema lines alone are worth at least 500 million. In addition, Golden Harvest holds a 35.71% stake in Warner Show Cinemas, the second largest cinema chain in Taiwan, and this part of the equity is worth hundreds of millions of Hong Kong dollars, to say the least.
The first Golden Harvest Cinema in the mainland, the assets are also worth tens of millions.
In addition~, there are still more than 100 copyrights of old movies left in the hands of Golden Harvest, and these copyrights are conservatively estimated to be worth more than 100 million yuan.
The value of other goodwill and listed stock shell resources is worth a little money no matter how it is calculated.
Hong Kong has some capital that specializes in shell sales, and it is often the case that it buys more than a dozen junk companies that are only left with the value of shell resources, and then looks for buyers to sell shell resources. If the operation is good, it is possible to make hundreds of millions of billions.
Just the shell resources of Golden Harvest. If you look at it low, it is worth 100 million, and if you look at it high, it may be worth hundreds of millions.
Therefore, it is actually more reasonable to value Jiahe at 1.2 billion.
"Boss, Mr. Zou has agreed to transfer the equity." Yu Dong called back at night. "In terms of price, it's basically according to the target price you set before! However, the acquisition of Mr. Zou's equity alone is not enough to firmly control him. The second shareholder of Golden Harvest is Li Ka-shing, who holds more than 17 million shares of Golden Harvest! ”
"Li Ka-shing was invited by Mr. Zou, so let's ask Mr. Zou to help and let Li also transfer his equity!" Wang Qinian said.
If Li Ka-shing does not go out, the threat will be very big, which will restrict the follow-up strategic layout of the small partner company!
So. The equity of the richest man Li must be cleared!
After persuading the Zou family to transfer their equity, with the help of Boss Zou, Li Ka-shing, the second largest shareholder of Golden Harvest, was also willing to sell Golden Harvest's equity. Li Ka-shing bought Golden Harvest back then, completely supporting Zou Wenhuai and being a white knight to avoid Golden Harvest being acquired by hostile actors.
When Li Ka-shing invested in Golden Harvest, it was actually an investment of less than HK$10 million. With the market plummeting, it has become a dog.
Right now. The partner company is willing to pay 170 million yuan to buy the Golden Harvest shares in Li Ka-shing's hands.
The shrewd Boss Li calculated that he had made nearly 20 times the profit after holding the stock for a few years.
Of course, this is almost negligible small business related to the profitable projects of companies such as Cheung Kong Industrial, Hutchison Whampoa, etc. Businessmen will buy low and sell high, even if there is a big bull market every time. When Cheung Kong and Hutchison Whampoa have sky-high prices, Li Ka-shing will also choose to issue new shares at a high price, or sell off part of the equity arbitrage. When the bear market came, they began to use the company's dividend money to buy back more.
Even the stake in his own company can be sold.
Not to mention. It is only the equity of Golden Harvest Entertainment Company, which has not been in the game for a long time.
What's more, the price of the partner company made Li Ka-shing's investment dozens of times over!
But if you can make money, even Li Ka-shing, the richest man in Asia, has no objection!
After communicating with the former shareholders of Golden Harvest, before the contract was signed, Golden Harvest Entertainment Company began to apply to the Hong Kong Stock Exchange for suspension of trading.
Due to major events such as major shareholder changes, Golden Harvest Entertainment Company began to suspend trading on the Hong Kong Stock Exchange from January 9, 2006. It will wait until the company's undisclosed news is further disclosed before announcing the resumption of trading. 、
Soon after the suspension of trading, the media quickly broke the news: "The mainland entertainment giant partner company will acquire Golden Harvest Entertainment and become the new major shareholder of Golden Harvest." Yu Dong, CEO of the small partner company, is in the process of equity delivery with the former shareholders of Golden Harvest, and is waiting for the approval of the China Securities Regulatory Commission. ”
After the Hong Kong media disclosed the news in advance, the mainland media were shaken!
Golden Harvest, people are beginning to look back on its glory back then!
Who made Bruce Lee popular? It's Golden Harvest, it's Golden Harvest! Who made Jackie Chan popular, it's Golden Harvest, it's Golden Harvest! Who promoted Chinese kung fu movies to the world, it was Golden Harvest, it was Golden Harvest!
used to be Golden Harvest, which has almost become synonymous with Chinese commercial films, although this giant has declined, but the news of the acquisition has still formed an earthquake-like influence on the entertainment industry.
Next, the media went crazy to interview the little partner company.
"Wang Dong, it is rumored in the Hong Kong media that the acquisition of Golden Harvest by a small partner company is true?" The media seemed to be very excited to ask.
"It's true, although we haven't officially taken over Golden Harvest yet, it's only the final formalities! Boss Zou and Mr. Li Ka-shing all supported us to join Golden Harvest. Wang Qinian said, "Several major shareholders of Golden Harvest have been negotiated, and the funds for the acquisition of equity are also in place, and the rest is waiting for the approval of the Hong Kong Securities and Futures Commission!" ”
"According to the Hong Kong Stock Exchange, the current stock price of Golden Harvest, 0.2 yuan per share, only needs more than 7 million yuan to acquire 37 million shares of Golden Harvest, why should the partner company spend 370 million yuan?" The journalist asked.
"This is a good question, and many of Hong Kong's thousands of shares have no need to operate at all. However, if all assets and debts are stripped and sold cleanly, a lot of capital will spend hundreds of millions of dollars to buy these shell resources and go public through backdoor listing. Wang Qinian said, "No matter how you calculate it, Jiahe is worth more than those garbage companies." The value of its brand goodwill, cinema assets, copyright assets, as of last year, Golden Harvest is still profitable! If Mr. Zou is 30 years younger, the market value of Golden Harvest is at least 3 billion. What's more, just based on the net assets of Jiahe Company, it is at least more than 500 million yuan, which is very ridiculous according to the market value. In my heart, Golden Harvest is worth at least 100000000000000000000000000000 We are confident that the presence of our partner companies in Golden Harvest will bring Golden Harvest growth and development, and we are confident that Golden Harvest will develop to a similar level as Lionsgate in the future. In addition, after the acquisition of Golden Harvest, its resources are also beneficial to the strategy of our partner company, in short, this is a win-win cooperation! ”
With Wang Qinian's positive reply, the media began to stir. The Internet and print media across the country have begun to withdraw from the special news of the acquisition of Golden Harvest by small partners.
In addition, major TV media have also begun to send teams to interview the merger.
In terms of scale, Golden Harvest is not a large enterprise. But this kind of national sensation is like a small partner company buying Disney. (To be continued.) )
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