Chapter 231： Chu Geqi (1/2)
When he arrived at the Kowloon Hotel, Xia Yu met the heads of the two newspapers, Nanyang Commercial Daily and Sin Chew Daily. After getting to know them, he first welcomed them and calmed their emotions. After all, they were just the heads of their respective newspapers. Shares are the decision of their respective bosses.
Presumably they were also uneasy at this time, and Xia Yu naturally had to calm down, so as not to cause them to resign later, that would cause him trouble.
Later, Xia Yu asked Yan Wenhan to take charge. From now on, Nanyang Commercial Daily and Sin Chew Daily were newspapers owned by Jiuding News, and it should be the general manager of Yan Wenhan who should directly manage them.
In the next few days, good news came from HSBC. It has acquired shares in the hands of nine other shareholders, totalling 31.9% of the shares, which is extremely efficient.
A total of 31.9% of the equity is also resold to Jiuding Newspaper Company of HK$3.9 million, which is equivalent to a 20% premium.
As for how much HSBC acquired and how much money it made, Xia Yu can't control it.
On the other hand, Jiuding Securities also acted quite quickly. In a few days, the shares scattered on the stock market were acquired to 21%.
Therefore, Jiuding Newspaper already owns 84.9% of the equity, and Xia Yu does not plan to slowly acquire from the stock market, because there are only 15.1% of the stocks circulating in the market. The fewer stocks, the more sensitive the price. The stock price will definitely rise at that time.
Therefore, Xia Yu did not hesitate, and directly concentrated all the equity in the hands of Jiuding Newspaper Company, and then announced the completion of absolute control, and at the same time immediately applied to the exchange for delisting and privatization.
With such a high equity ratio, there was no surprise. The exchange directly approved Jiuding Newspaper’s application, and the South China Morning Post was suspended on the same day.
The news was spread out naturally, and the newspapers were in an uproar in an instant.
The South China Morning Post, the number one selling English-language newspaper, has been controlled by Jiuding Newspaper Company, and it is being privatized!
Other colleagues, whether it is Ming Pao, Cheng Pao, Hong Kong Economic Journal, etc., expressed their shock.
And the most uncomfortable was Hu Xian of Sing Tao News Corporation.
In the area of Chinese newspapers, Jiuding News Company was overwhelmed with breath, and had to take risks and spend huge sums of money to build Sing Tao News Agency in order to make a breakthrough.
However, the Sing Tao News Agency had not yet been established, Jiuding Newspaper Company took control of the South China Morning Post, and privatization was about to be completed soon, and its own ”English Standard” was overwhelmed by Jiuding Newspaper Company.
The news made Hu Xian look ugly to death.
However, the more uncomfortable is yet to come.
It seems that to join in the fun, I don’t know who revealed to the media that Jiuding News has spent 12 million Hong Kong dollars to acquire the Malaysian newspaper Nanyang Commercial Daily, 11 million Hong Kong dollars to acquire Sin Chew Daily, 2.2 million Hong Kong dollars to acquire Hong Kong mainland The newspaper ”Everyday Daily”.
A series of these pieces of news were exploded, and all the people who followed the incident were dizzy and even numb.
Pan Yuesheng, deputy editor-in-chief of Ming Pao, which is responsible for the management and operation of the newspaper, immediately reported the matter to Jin Yong. At that time, the two were silent in the office.
It took a long time before Pan Yuesheng sighed weakly: ”Tsk, four newspapers, now it can be determined that they have spent 25.2 million Hong Kong dollars. The South China Morning Post will cost at least 11 million Hong Kong dollars. The acquisition cost at least 36 million Hong Kong dollars.”
”Jiuding Newspaper Company is invincible, and Xia Yu is really generous. In the entire newspaper industry, he is the only one who has such a great skill and ability.”
Jin Yong also helped his glasses, shook his head and sighed: ”Indeed, 36 million Hong Kong dollars, the entire newspaper industry can only be taken out by him. Jiuding Newspaper Company has been alone in seeking defeat, and now it is estimated to be lonely as snow. The younger generation is awesome! The younger generation is awesome!”
”Yuesheng, compared with Xia Yu, we have lived as a dog for a long time.”
Jin Yong said to Pan Yuesheng with a smile, and Pan Yuesheng shook his head with a wry smile.
”Lao Cha, Xia Yu is so powerful. It is not us, but the newspaper queen who is most affected. It is estimated that she is absolutely dumbfounded now. She has worked hard to build the Sing Tao News Agency and want to fight against Jiuding Newspaper Company. Now that it hasn’t been built, it will face the encirclement and suppression of Jiuding Newspaper Company.”