In Hong Kong, we build a global business empire
Chapter 258 The Result of the Li Family Discussion
Everyone's words meant that no one present was interested in taking control of TVB.
In their eyes, even under the management of Lee Hau-ho, the recognized management expert in the Lee family, TVB has not been able to compete with ATV.
They all know that if they take over, TVB's situation will probably only get worse.
It is not easy to be the chairman of TVB.
If you do a good job, it's fine. But if you do a bad job, it's just shameful and you can step down at any time.
The shares they each hold are not many, so for them, the position of TVB chairman is a completely thankless job.
"Since you all have no interest in the controlling rights of TVB, let me give you a suggestion: sell all the shares!" Li Ming sat on a chair and said to these core members of the family.
"Brother, TVB's stock is not easy to sell. It doesn't make much profit, and it's not a listed company!" The fourth brother Li Rongsen frowned and said.
When they founded TVB, each shareholder raised a relatively small amount of money, but after more than a decade, TVB's profits are actually not that great.
Especially in the first few years after Jiayi TV was founded, due to the fierce competition among the three major players, in order to increase the ratings, almost all the profits of the TV station were used to shoot new TV series. At the end of the year, there was no chance of dividends, and it was normal to make losses.
After ATV went bankrupt, TVB's situation has improved in the past two years and the competition is not as fierce.
However, its competitor, ATV, remained aggressive, continuously increasing its production costs and producing more high-quality TV series. Therefore, after the closure of ATV, TVB's ratings were basically unable to surpass ATV.
It is actually not difficult to surpass ATV in terms of ratings. All you have to do is increase investment, improve the quality of your TV dramas, and cater to the audience's tastes, and the ratings will naturally increase greatly.
But none of these shareholders are willing to continue investing. To the Li family, TVB is a company with no income and can only enhance the Li family's reputation.
Although the TV station can be self-sufficient, the only benefit he gets is just a TVB director, which does not bring many benefits.
This is also the reason why Li Mingqia, Li Rongsen, Li Rongjie and others have no interest in taking control of TVB.
This is even the reason why Li Mingze is not very interested in TVB.
"I have found a suitable buyer for you. If you agree, you can sell it!" Li Ming said with a smile.
Today, Lin Haoran's status in the business world has reached a level that is much higher than his. Even top British tycoons like Niu Bijian have to admit their mistakes. This is definitely the first time such a thing has happened since the founding of Hong Kong. It is conceivable how high Lin Haoran's status in Hong Kong is after this incident.
Therefore, for Li Mingze, it is very necessary for the Li family to be on good terms with Lin Haoran.
"Brother, who is it? Could it be Mr. Run Run Shaw?" The first person that the second brother Li Mingqia thought of was Run Run Shaw.
After all, the shares held by Run Run Shaw personally are only slightly less than those of the Li family. Run Run Shaw is usually very concerned about TVB. It would not be surprising if Run Run Shaw had his eyes on the shares in their hands.
"No, Mr. Run Run Shaw has not contacted me. His Shaw Brothers Film Company is now competing equally with Golden Harvest Film Company. I guess he can't spare too much energy to manage TVB!" Li Ming said with a smile.
"Brother, just tell me directly, who is it?" Even Li Lu Yanqun was curious about who this person was who wanted to buy TVB's shares from them.
"Okay, I won't keep you in suspense. Mr. Lam Ho-yin, the chairman of Hong Kong Electric Group, contacted me and said he was interested in purchasing the TVB shares held by our Li family. He didn't say the price in detail, but he also said that as long as the price was right, he wouldn't bargain too much.
You all know Mr. Lin's current status in Hong Kong's business community. He has risen to his current level in a short period of time. Most importantly, he is still young, only in his twenties. Although we have dealt with him several times before, we have maintained a good relationship with Mr. Lin Haoran.
But I think if we sell the TVB shares that you are not interested in to him this time, not only can you get a good amount of funds and get rid of this hot potato, but we can also do Mr. Lin Haoran a favor for our family, which is a win-win situation!"
This time, Li Mingze did not beat around the bush and directly expressed his thoughts.
As the current head of the Li family, Li Mingze's opinion is very important.
After hearing this, several people did not refute. After all, they themselves were not very interested in TVB.
At the beginning, the reason why he became a shareholder of TVB was only because of the instigation of Li Xiaohe.
But in the following ten years, they found that TVB did not make much money and gradually lost interest in it.
Among them, the most interested one may be Li Lu Yanqun.
After all, this was one of the careers that her husband valued most during his lifetime. If possible, she also hopes that she can inherit her husband's wishes and continue to manage TVB.
But Li Lu Yanqun also knew that although she studied business administration when she was young, she had been taking care of her husband and children in the Li family for more than 20 years and had no real practical experience at all.
It's just that I listen to Li Xiaohe talk a lot, so she can only talk about it on paper.
In addition, if she came forward to take the power, no one else would agree.
Therefore, Li Lu Yanqun did not make many comments, and now she can only follow the crowd.
If she could cash out, that would be good for her.
With the rising housing prices in Hong Kong, Li Luyanqun thought that he could earn more by investing the money in the real estate industry. "Should we discuss this with Mr. Shaw Yifu? In case he has any objections, after all, the relationship between our Li family and the Shao family has always been very good," Li Luyanqun said.
Influenced by her husband Li Xiaohe, Li Lu Yanqun knew that Shao Yifu was her husband's friend for many years. Li Lu Yanqun felt that it would be inappropriate if she did not tell him about this matter.
"Third sister-in-law, there's no need to talk about this. If he doesn't agree to let us sell it, do we really listen to him? It's better to just sell it directly!" Fourth brother Li Rongsen replied with a smile.
Li Lu Yanqun stopped talking.
"Brother, it's not impossible for us to sell the shares to Mr. Lin Haoran, but the selling price is hard to say. We don't know what is the appropriate price." The second brother Li Mingqia looked at Li Mingze and said.
"Yes, our two Hong Kong TV stations are not listed companies. Without reference data, it is hard to say how much they will be sold for." The fourth brother Li Rongsen also nodded.
"So you can discuss about the best selling price. It won't be okay if it's too high. Mr. Lin is not a sucker. If it's too low, you will lose money. Brother, I'm not a shareholder of TVB. The shares are yours. You can negotiate a price that you think is appropriate but not too outrageous. I will give feedback to Mr. Lin, and then the deal will be done." Li Mingze thought for a while and said.
"Brother, do you think TVB's total market value of HK$2 million is too much?" Li Mingqia thought for a while and asked.
Although TVB's profitability is not strong at present, its influence is not small, and Li Jia is naturally very clear about this.
So, it doesn’t mean that TVB is not valuable just because it is not profitable.
After all, TVB is one of the only two television stations in Hong Kong and one of only two companies with television licenses.
"Is 2 million Hong Kong dollars a little too little? In my opinion, 3 million Hong Kong dollars would be more appropriate!" Li Rongsen said greedily.
After all, no one can resist money.
If the total market value is 300 million, it means each of them can get several million more Hong Kong dollars.
Although the Li family is wealthy and powerful, they also have many members, so they won't get much in the way of dividends every year. If they want to have money to spend, they still have to earn it themselves.
"3 million Hong Kong dollars may be a bit too much. I think a compromise would be better. We can calculate it based on the market value of 2.5 million Hong Kong dollars. In this way, each of us can sell it for million Hong Kong dollars." Li Rongjie also expressed his thoughts.
"Yan Qun, what about you? Do you have any ideas?" Li Ming looked at Li Lu Yan Qun.
"Brother, I will follow your arrangements. I don't have any ideas." Li Luyanqun shook his head and said.
At this moment, she was still a little overwhelmed because her husband had just passed away a few days ago. In addition, the words just now made her decide not to say more, so she naturally would not express any ideas. Even if she had any ideas in her mind, she would not show them.
Li Ming nodded and said, "In that case, let's calculate it based on the total market value of 2.5 million that Fifth Brother mentioned? Does anyone have any objections? If not, I will negotiate with Mr. Lin Haoran at this price. If he agrees, then everyone will be happy. If not, you can discuss it again. After all, this is your own wealth, and Big Brother will not let you sell it unwillingly!"
"Brother, I have no objection." The second brother Li Mingqia said directly.
"I have no objection, let's just go with this price!" said the fourth brother Li Rongsen.
"I don't have any objection either!"
"No comment."
The two people behind him also answered immediately.
Based on the total market value of HK$2.5 million, they can get HK$24 million for their % stake.
Their shares are the same, that is to say, everyone can get 15 million Hong Kong dollars. Even though Lin Haoran has hundreds of millions or even billions of Hong Kong dollars at every turn, in fact, tens of millions of Hong Kong dollars is already a considerable amount of money in the entire Hong Kong business community.
"In that case, then it's settled. Let's do this. While everyone is here, I will communicate with Mr. Lin Haoran now, so that you don't make several trips in vain." Li Mingze thought for a while and said.
Although the Li family is a family, everyone does not live together. Everyone has his or her own home, and it is impossible for too many people to continue living together.
"Brother, I think this is a good idea. Now that we have made the decision, let's get this done as soon as possible. I have to go on a business trip to Haojiang in two days!" Li Mingqia said.
Li Ming nodded, and without wasting time, he picked up the phone in the office and dialed Lin Haoran's pager.
At this time, he didn't know where Lin Haoran was. After all, this new business tycoon owned several companies.
Therefore, if you want to contact Lin Haoran as quickly as possible, it is obviously most appropriate to call Lin Haoran’s pager.
At this moment, Lin Haoran had actually returned home.
Seeing someone contacting him, Lin Haoran naturally called back as quickly as possible.
Those who knew his pager number were people he knew.
"Mr. Lin, this is Li Mingze." Li Mingze's voice came from Lin Haoran's receiver.
"It's Mr. Li. Is there any result on the TVB issue?" Lin Haoran asked. (End of this chapter)
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