Hong Kong Entertainment 1979: A Beating Up the Manager at the Start

Chapter 166 Poor

Contact may be made, but negotiation is a long process.

Initially, both companies agreed to purchase the property at the original price.

The friendly trading company refused and cut the price in half.

But Davidson and the CRA weren't easily fooled; they directly stated that they wanted to contact Qiu Deliang.

At first, Brian and Zhao Dong were a little scared and raised the price by 60%.

Davidson and CRA also lowered their prices to 90%. They urgently needed to recoup their funds and were also afraid that Brian would overturn the deal.

This has led to a continuous decline in prices for domestic investment and mining companies in Australia.

Now it's the friendly trading company's turn to be dissatisfied. What's wrong? I raise the price by 10%, and you lower it by 10%? Then I'll raise it by 5% this time.

After a few back-and-forth exchanges, the two sides reached a stalemate.

It's not exactly the same price, since the price has changed. The price changes daily, with no repetition.

Moreover, both sides are simultaneously sending messages to each other. One side is telling us to contact Mr. Qiu. The other is the gradual price increase. To be honest, only we can afford it.

This dragged on for almost a week, and today is the last day.

Brian and Zhao Dong got into a car and headed to the headquarters of the Melbourne Newspapers Group.

They chatted and laughed along the way, and both of them realized that today should be the last day of the negotiations.

Both sides had exhausted their words and neither was willing to back down.

We have no choice but to compromise! Australia's economy is declining too rapidly, and the Davidson Group's investment projects are suffering heavy losses, with its cash flow on the verge of collapse.

Brian has very sincerely raised his offer to 75%, but Brown doesn't have many options left.

After all, if they don't get the money soon, they'll have to cut their domestic operations, which is the last thing Brian wants to see.

Overseas business can be expanded, but if domestic business is gone, then it's truly gone.

Reluctantly, Brown agreed to the price, but demanded an immediate contract and payment within three days.

Brian and Zhao Dong were prepared; they brought their legal team with them when they arrived.

After the legal teams confirmed the deal, both parties signed it. Davidson's 38% stake in Rediffusion was bought by Friendly Trading Company for 57 million.

The two left the Melbourne Newspapers and headed straight for the CRA office. They had already made two phone calls urging them to expedite the process, so it seemed they were really in a hurry.

There's no time to lose! Davidson's investments have failed, but CRA is already in dire straits.

The global economic downturn has hit mining companies the hardest, with commodity prices plummeting. If Howard doesn't make some money soon, he'll have to sell his mining assets.

Therefore, the negotiations went very smoothly.

Brian came in and quoted 75% of the price, and Howard immediately said, "Sell! I'll sell at that price."

This left Brian somewhat frustrated; he regretted not quoting a lower price earlier. That way, he and Zhao Dong could have split the money more.

The process was quick, taking about an hour, and both parties signed the papers.

Thus, the 25.5% stake held by CRA was acquired by Friendly Trading Company for 43 million.

With the addition of its previous 20% stake, Friendly Trading Company now holds nearly 90% of the shares in Rediffusion Television.

The remaining ten percent was in Li Jiangbo's hands.

From then on, Li Jiangbo became the new head of RTV (Rediffusion Television).

In total, Li Jiangbo first spent 40 million to buy 20% of the shares from Li's parent company, then spent 36 million to buy 16.5% of the shares from Guo and Xu, and then spent 43 million and 57 million respectively to buy the remaining shares.

Ultimately, he bought RTV for 176 million. This was more than 20 million cheaper than when Qiu Degen later bought RTV for 200 million.

But that's not how you calculate it. After all, with rising prices, money becomes less and less valuable.

Therefore, Li Jiangbo himself couldn't say for sure whether he lost money or not.

Moreover, with this sum of money plus the money invested in building the factory, Li Jiangbo had taken away all the funds he could.

The Friendly Trading Company only had enough money left to buy a piece of waste paper.

Time Pictures, on the other hand, only has less than ten million yuan left in funds.

Time Records is even more pitiful, with only a few hundred thousand copies left.

But none of that matters. What matters is that his entertainment empire has filled the most crucial gap.

After Zhao Dong called, Li Jiangbo could no longer contain his excitement and shouted, "America is collapsing! What are we doing!"

Hearing her boss shouting loudly from next door, Li Zhi thought he was calling her, so she immediately knocked on Li Jiangbo's office door.

Li Jiangbo suppressed his excitement and said, "Please come in!"

As soon as Li Zhi entered, he saw Li Jiangbo's oily face. He wondered why his boss was so happy.

"Boss, what happened?"

Li Zhi nodded. "Yes, boss!"

After saying that, he turned around and went back to his office to make a phone call.

On the other side, Chiu Tak-ken was discussing the future of Hong Kong with his son.

Suddenly, he felt a strange palpitation, but he didn't know why.

He always felt as if something had left him.

Qiu Dachang, who was standing to the side, saw his father clutching his chest, his forehead beaded with sweat.

He hurriedly asked, "Dad, what's wrong? Are you feeling unwell?"

Qiu Degeng clutched his chest and shook his head. "It's nothing. I don't know why, but I keep feeling inexplicably palpitated. Please continue."

Qiu Dachang continued speaking only after seeing that his father's expression had softened somewhat.

What Qiu Degen didn't know was that this calamity in later generations had been largely averted thanks to Li Jiangbo's intervention.

Whether Qiu Degen noticed it or not was none of Li Jiangbo's business.

Because he's sitting in his office worrying!

Television stations are money-devouring beasts; they can't operate without a lot of money.

The key issue is that I have no money in my account, and I've lost my confidence.

Although there are still waste paper and waste glass to support it, the money comes in rather slowly.

There were also those foreign executives who only knew how to enjoy themselves and exploit their employees. It took Qiu Deliang, a man from later generations, two whole years to straighten out the television station just because of these corrupt officials.

Secondly, the broadcasting rights for the Hong Kong Jockey Club and the Mark Six lottery are expiring. If negotiations for these two rights fail, ATV will suffer significant losses in broadcasting fees.

These are all secondary issues; the more crucial point is that the British government would never allow Chinese capital to completely control a television station.

Moreover, RTV has always been responsible for important matters such as interviews and speeches by government departments.

This is a critical time, and the Hong Kong government is certainly unwilling to give up Hong Kong.

They'll definitely need to use the TV station to stir things up and cause some trouble.

At that time, will Li Jiangbo cooperate or not?

If we cooperate, we risk being called traitors by Hong Kong citizens.

If they don't cooperate, the Hong Kong government will definitely take action against them.

These are all problems that he needs to solve one by one.

Never mind, there's always a way out.

He could first have Huang Xizhao and Zhong Jinghui work together to handle the internal problems of RTV.

And it's time for him to get moving again. He's been resting for almost a year, and it's time for him to make some movies and earn some money.