Huayu: From the Era of Ringtones to Becoming a Legend

Chapter 184 Yesterday's Cause and Effect: Acquisition Approval Stalled!

Lu Jiuge leaned back in her chair and asked:

"Oh? What suggestions does Mr. Sun have?"

Sun Minghai took a deep breath and said:

"Mr. Lu, since we've already spoken frankly, I won't hold back anymore."

"In my opinion, a small percentage of shares cannot solve the fundamental problem. If you can't get past the Guangzhou Film Company, you won't have a say, and it's just a waste of money."

"How about we change our approach and acquire Jinyu Film & Television outright?"

Xu Xin frowned subconsciously, and was about to interject when Lu Jiuge raised her hand to stop her.

He glanced at Sun Minghai, a hint of admiration flashing in his eyes, but his face remained impassive as he deliberately asked in return:

"Mr. Sun's suggestion is quite bold. If it's a full acquisition, I'm afraid I'll be stuck with a bad investment."

"President Lu will definitely not let this opportunity go to waste!"

Sun Minghai's tone suddenly rose, filled with confidence:

"Jinyu now has at least fifteen cinemas, all in good locations, and its per-store sales per square meter are among the highest in Guangdong Province."

"If Mr. Lu were to acquire and invest in Jinyu, it would definitely become a leading cinema chain brand nationwide within three years at most!"

"I guarantee you, this is Jin Yu's only way out, and it's also the most worthwhile move for you, Mr. Lu!"

Lu Jiuge raised an eyebrow with interest, leaned forward slightly, and stared at Sun Minghai:

"Since Mr. Sun is so confident, I would like to ask, according to your plan, how much money would you need to invest to reach the top tier of cinema chains nationwide?"

Sun Minghai answered without hesitation:

"One billion dragon coins!"

"One billion is enough for us to complete the layout of fifty cinemas nationwide, and even reach sixty, forming a network barrier in second- and third-tier cities."

Combined with the box office appeal of the artists under Qianxing Entertainment, achieving profitability is a breeze.

Lu Jiuge twirled the teacup with her fingers, secretly making plans in her mind.

The budget of one billion was roughly in line with his expectations, which made him appreciate Sun Minghai even more.

He glanced at Sun Minghai and slowly spoke:

"Mr. Sun, let me ask you this from a different angle. If I were to acquire Jinyu Film & Television, with the condition that you and your team must join, would you agree?"

Sun Minghai was taken aback, then realized what was happening, and his eyes instantly turned fervent:

"Mr. Lu, do you mean that I and my entire team should join Qianxing Entertainment?"

Lu Jiuge nodded, her tone certain:

"That's right. Jin Yu's shell is the foundation, but what's truly valuable is your team, which has honed its skills through years of experience in the cinema industry!"

Sun Minghai shuddered, his voice barely concealing his excitement:

"Yes! Of course I'm willing!"

"President Lu, although I was transferred from Jiayu Real Estate, I was the one who built Jinyu Film and Television from scratch to where it is today."

I have an emotional attachment to every cinema, every contract, and every employee here. I dream of expanding it and making it the number one in the country.

"But I'm caught between two shareholders. The one with money doesn't want to invest, and the one with influence is afraid of the risks. I can't use my abilities. Mr. Lu, I'd be more than happy to have you give me this platform and these resources!"

Lu Jiuge smiled with satisfaction, stood up, and extended her hand to him:

"Okay, Mr. Sun, that's a good idea. Then it's settled."

"Please contact Mr. Wu Xuejun, the owner of Jiayu Real Estate, right now."

I need to meet with him today or tomorrow. I have to return to Hong Kong the day after tomorrow; time is tight.

Sun Minghai paused for a moment, then subconsciously reminded him:

"President Lu, when it comes to acquiring Jinyu, the first company we need to get in touch with is Yangcheng Film Company."

They are state-owned assets; although they only own 4%, they wield considerable influence. Only with their approval can the acquisition proceed smoothly.

"Since Jiayu Real Estate is the major shareholder, it's easier for them to talk to you."

Lu Jiuge's lips curled into a confident smile:

"Mr. Sun, you've got the order wrong. Jiayu Real Estate is the major shareholder, so of course I'll talk to the major shareholder first."

"Yangcheng Film Company only owns four percent of the shares. What's the point of talking to them? I acquired Jinyu Film and Television, not to discuss cooperation with them."

"As long as I acquire the shares from Jiayu Real Estate and become the controlling shareholder, even if Yangcheng Film Company is state-owned, I can still manage it."

"At worst, I'll offer them some compensation and get them to withdraw. State-owned assets are most afraid of risks and troubles. As long as the plan is compliant, they have no reason to fight to the death."

Sun Minghai was startled by this aura, and his eyes filled with awe as he looked at Lu Jiuge. He quickly nodded.

"It was my oversight. I'll call Mr. Wu right away."

He picked up his phone from the table, tapped it, and instantly transported himself to the exciting world of Chapter 184, "Yesterday's Cause and Effect: Acquisition Approval Stalled!" He walked to a corner of the office, lowered his voice, and began the call.

Lu Jiuge, Xu Xin, and Zheng Shuyi sat quietly on the sofa, and no one spoke.

A few minutes later, Sun Minghai turned around, a hint of excitement on his face:

"Mr. Lu, it's settled. Mr. Wu will come to the company to see you at ten o'clock tomorrow morning."

Lu Jiuge nodded:

"Okay, see you tomorrow."

……

At 9:50 a.m. the next day, Lu Jiuge and the other two arrived at the chairman's office of Jinyu Film and Television on time.

Upon seeing Lu Jiuge, Sun Minghai immediately greeted her warmly:

"Mr. Lu, Mr. Wu should be arriving soon."

As soon as he finished speaking, the office door was pushed open, and a middle-aged man with a lean face and wearing a dark suit walked in.

As soon as he entered, his gaze fell on Lu Jiuge, and he reached out his hand with a smile:

"Mr. Lu, it's an honor to meet you. I am Wu Xuejun."

"Hello, Mr. Wu. I have long admired your reputation."

After exchanging a few pleasantries, Wu Xuejun sat down on the sofa and got straight to the point:

"I heard that President Lu is very interested in our Jinyu Film & Television?"

Lu Jiuge didn't beat around the bush and nodded directly:

"That's right. I want to acquire Jinyu Film & Television."

A knowing look flashed across Wu Xuejun's face, then he smiled:

"Mr. Lu is quite straightforward. An acquisition is fine, but I don't want cash."

Lu Jiuge remained expressionless, having anticipated this, and spoke calmly:

"Oh? What does Mr. Wu want?"

"I want land."

Wu Xuejun's tone was calm, yet carried a hint of undeniable authority:

"Could you allocate a piece of land to me from the Kai Tak Airport site in Hong Kong that Mr. Lu and the Zheng family acquired? I want to build the Hong Kong headquarters of Jiayu Real Estate."

Lu Jiuge suddenly realized, and smiled calmly:

"It's perfectly reasonable for Mr. Wu to be interested in the Kai Tak plot."

"I can reserve a prime location for the land for you, and we'll trade it fairly at the market value on the day of signing. Considering our cooperation, I'll give you a 2% discount as a token of my sincerity for our first collaboration."

A hint of satisfaction flashed in Wu Xuejun's eyes, and he immediately nodded:

"Okay, it's settled then."

Lu Jiuge changed the subject, not dwelling on it, and steered the conversation back to the main topic:

"Shall we discuss the acquisition of Jinyu Film & Television now?"

Wu Xuejun nodded:

"I own 96% of Jinyu Film & Television, valued at 400 million Dragon Coins. Mr. Lu will use the land in Qide as collateral!"

After listening, Lu Jiuge shook her head:

"Mr. Wu, I'll give you five hundred million!"

Wu Xuejun was stunned for a moment:

"Five hundred million? Mr. Lu, this is..."

"It's very simple."

Lu Jiuge's tone was firm:

"You're in charge of negotiating the acquisition of that 4% stake in Yangcheng Film Company. I don't care about the price, you just have to get it right for me."

"There's another condition: I want to take Sun Minghai and Jinyu Film & Television's entire team with me and bring them to Qianxing Entertainment."

Wu Xuejun instantly realized that Lu Jiuge was passing the buck to him, putting the toughest nut to crack in Yangcheng Film Company.

Although he knew that Yangcheng Film Company would be difficult to negotiate with, he couldn't show weakness in front of Lu Jiuge. After a moment of hesitation, he gritted his teeth and nodded:

"Sure. As long as Mr. Lu can secure the land in Kai Tak, I'll cooperate with Jin Yu's matter."

Lu Jiuge stood up and extended her hand with satisfaction:

"Mr. Wu, it's a pleasure doing business with you."

Wu Xuejun also stood up and shook hands with Lu Jiuge:

"Mr. Lu, I hope this is just the beginning of our cooperation!"

The two shook hands and sat down, bringing the negotiations to a close.

Sun Minghai, who had been accompanying him the whole time, hesitated for a moment before finally speaking up:

"President Lu, President Wu, there's a tricky issue I need to clarify beforehand!"

Sun Minghai took a deep breath, his tone grave:

"Jinyu Films does not currently have a cinema chain license! We have been using the license of Zhujiang Cinema Chain and operating under their name."

"Once Mr. Lu acquires Jinyu, he will definitely apply for his own new cinema chain license. And the authority to approve cinema chain licenses rests with the State Administration of Radio, Film and Television!"

He paused, a hint of worry in his eyes, but still managed to utter the last sentence:

"But Mr. Lu doesn't have a good relationship with Chen Yuanjiang, the director of the General Administration of Customs. I'm worried he might interfere and block the license approval process!"

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