Chapter 228： Another important acquisition target (1/2)

”The acquisition of another ”Sin Chew Daily” is also coming to an end. I plan to go to Singapore tomorrow to integrate the ”Nanyang Business Daily”. By the way, the acquisition of ”Sin Chew Daily” is also negotiated.”

”The circulation of ”Sin Chew Daily” is 100,000 copies, which is 10,000 copies lower than that of ”Nanyang Commercial Daily”. Now the price has reached 11.5 million Hong Kong dollars. I estimate that 11 million can be bought.”

”If there is no accident halfway, the acquisition can be successful in up to five days!”

Yan Wenhanhui reports.

Xia Yu smiled and praised: ”Good job!”

”As long as the ”Sin Chew Daily” is acquired, we will be able to account for half of the four major Chinese newspapers in Malaysia. In addition to the market share of our ”Fengyun Daily” and ”Jiuding Daily”, the share of Chinese newspapers will be It can exceed 50% and form a preliminary monopoly!”

Yan Wenhan also laughed when he heard the boss Xia Yu's words.

And it's not just as simple as Xia Yu said.

The Sin Chew Daily was founded in 1929 and is positioned as a social service for the Chinese in Malaysia. From the British colonial era, the anti-Japanese period, the independence movement, and the journey after the founding of the country, Sin Chew Daily played the role of witness and participant.

It can be said that the ”Sin Chew Daily” has a very strong foundation and a solid foundation.

The Sin Chew Daily is one of the four major Chinese newspapers in Malaysia, like the Nanyang Commercial Daily. Although the circulation is only 100,000 copies, consider that the Chinese population in Malaysia is similar to the Chinese population in Hong Kong and Macau. Malaysia has a large land area and a scattered population compared to Xiangjiang, so the daily sales volume of 100,000 copies is already very strong.

In addition to being one of the four largest Chinese newspapers in Malaysia, Sin Chew Daily is also one of the two largest Chinese newspapers in Singapore.

The other is the ”Nanyang Commercial Daily” that has been acquired by Jiuding Newspaper Company!

Therefore, as long as ”Sin Chew Daily” is acquired again, Jiuding News will not only account for more than 50% of Malaysian Chinese newspapers, but also monopolize Singapore's Chinese newspaper industry. The benefits are enormous!

In fact, there are historical reasons why the two Chinese newspapers in Singapore are also the second of the four major Chinese newspapers in Malaysia.

Because Singapore belonged to Malaysia for a while!

The Republic of Singapore, referred to as Singapore, was formerly known as Singapore, Singapore, Singapore, or Sing Tao, also known as the Lion City. It is an island country in Southeast Asia. Its political system is a parliamentary republic.

It was occupied by Britain as a colony in the early 19th century.

On February 15, 1942, Singapore was occupied by Japan.

Singapore joined Malaysia in 1963.

But in 1965, Singapore gained support from the United Kingdom and the United States, and officially became independent.

After all, Singapore is related to the lifeline of Asia and Europe, and even the lifeline of the world-the Strait of Malacca. Of course, Europe and the United States must be in control.

In addition to political and historical reasons, Singapore is also adjacent to and surrounded by Malaysia geographically.

In terms of population, Chinese accounted for more than 74%, the remaining Malays accounted for 13%, and 9% of Indians.

For these reasons, the relationship between Singapore and Malaysia is very complicated.

As we all know, in Southeast Asia, the Chinese are at the top of capital, and Singapore will be the financial and economic center of the entire Southeast Asia. Therefore, being able to monopolize Singapore’s Chinese newspapers is of great benefit to Xia Yu!

Controlling the power of public opinion, at least when communicating with major Chinese families in Southeast Asia, they have a certain right to speak and their status can be improved a lot.

So for ”Sin Chew Daily”, Xia Yu is determined to win!

”The boss can rest assured, I will definitely check strictly to make the acquisition successful!”

Yan Wenhan firmly said that the acquisition of ”Sing Chew Daily” has also greatly improved the influence of Jiuding Newspaper Company. Of course, he is not willing to fail.

”How is the progress of the acquisition of the South China Morning Post?”