Rebirth of the Hong Kong Millennium Conglomerate
Chapter 17 Acquisition Target
In the study, Zhang Zeyang sat in a high-backed leather chair, a pen between his fingers, his gaze fixed on the mountain of information documents piled on the desk.
These days, he has been having Black Ice collect information from all walks of life in Hong Kong, from real estate to finance, from media to industry. Every piece of information has been carefully screened. At the top of the list is a detailed investigation report on Hong Kong Daily and Li's Bank.
He picked up the file about Hong Kong Daily and slowly opened it. The information clearly stated that Hong Kong Daily was a long-established medium-sized newspaper in Hong Kong. At its peak, its daily circulation could exceed 10,000 copies, and it was considered a well-known newspaper in Hong Kong's media industry. Unfortunately, the founder retired in his old age and handed the newspaper over to his son, Wu Lei.
Wu Lei is ambitious but lacks any business acumen. After taking office, he haphazardly reformed the layout, and without understanding market trends, he blindly followed the trend of redesign. In just two years, the newspaper's sales plummeted, and now daily sales are barely a thousand copies. The newspaper is demoralized and has long lost its former glory.
Zhang Zeyang looked at the documents, a faint, almost imperceptible smile playing on his lips. Others might have thought the Hong Kong Daily was a hot potato, but he didn't see it that way.
He turned to the second half of the document and his gaze fell on the section on staff and facilities of the newspaper, which clearly stated: The Xiangjiang Daily has a total of 98 employees, including editors, reporters, layout designers, and distributors. The core editorial team has not been completely lost. The newspaper has its own independent printing plant, covering an area of more than 2,000 square meters, with equipment that is 90% new and a daily printing capacity of 400,000 copies.
Moreover, the distribution channels of the Hong Kong Daily were fully preserved.
This is what he truly values.
Sales can be boosted by content, but readily available printing plants and complete distribution channels are things that money can't always buy quickly. A daily print run of 400,000 copies is sufficient to support short-term printing needs.
As for the fewer than 100 employees, fewer people are actually easier to manage. Those who are willing to stay can be given important positions, and those who are unwilling to stay can be paid their salaries and dismissed without any trouble.
Zhang Zeyang closed the file from the Hong Kong Daily News, casually placed it aside, and then picked up the documents from the Li's Bank.
Compared to the Hong Kong Daily, the situation of Lee's Bank is much more straightforward.
This is a typical small local bank in Hong Kong with a shallow foundation. It has only thirteen branches in the entire city of Hong Kong, and its business scope is limited to basic services such as personal savings and small loans. It rarely even deals with large corporate loans.
But most importantly, this bank has all the necessary licenses, which is what Zhang Zeyang values.
The documents detail the situation of the Li family behind the bank. The Li family is just a small, insignificant family in Hong Kong. Their ancestors started by running a pawn shop and after accumulating some wealth, they ventured into the banking industry, hoping to take advantage of the booming financial sector in Hong Kong. However, due to insufficient capital and lack of experience in financial operations, the bad debt rate has been rising in recent years due to the economic environment, and the cash flow has become increasingly strained. Now, they are in dire straits, and there are many internal conflicts within the family. They have long had the idea of selling the bank to raise cash, but they have not yet found a suitable buyer.
Zhang Zeyang looked at the words "The Li family is short of funds and is eager to sell" on the document, and a look of certainty flashed in his eyes.
Small banks have their advantages. Fewer branches mean lower acquisition costs, and there are no complicated shareholder disputes or entangled interests. Given the Li family's current situation, as long as the price is right, the acquisition will be a piece of cake.
More importantly, no matter what business he does in the future, having a bank in his hands ensures the confidentiality and security of his cash flow and accounting transactions. This is the core purpose of his acquisition of Li's Bank.
He placed the two documents side by side in the center of the table, tapping them lightly with his fingertips in a steady rhythm.
The acquisition of the Hong Kong Daily and the takeover of Li's Bank were two moves that truly solidified their foundation in Hong Kong.
Since their minds were made up, there was no need to hesitate. The rest was left to Chen Mo and Su Qing to carry out.
For the next two days, Zhang Zeyang spent his days playing with Zhang Lingyun and his evenings in the study organizing future plans.
The two-day holiday passed in the blink of an eye, and at nine o'clock on the morning of the third day, Chen Mo and Su Qing appeared at the entrance of the villa on the hillside.
After resting for two days, the two were in excellent spirits. Chen Mo was dressed in a dark suit, and Su Qing was wearing a beige business skirt suit with exquisite makeup. They were both carrying briefcases.
Upon seeing the two arrive at the door, Li Fu nodded slightly and led the way: "Mr. Chen, Miss Su, the master is waiting for you at home."
The two followed Li Fu through the living room to the door of the study on the second floor. Li Fu stopped and gently knocked on the door: "Sir, Mr. Chen and Miss Su have arrived."
"Come in," came Zhang Zeyang's voice from inside the study.
Chen Mo and Su Qing exchanged a glance, pushed open the door, and gently closed it behind them.
Zhang Zeyang was sitting behind his desk reading documents when he saw the two of them come in. He put down his pen, pointed to the two chairs in front of the desk, and said, "Sit down."
The two men sat down as instructed, their backs straight and their expressions respectful. Su Qing spoke first, her tone humble: "Mr. Zhang, we've rested well and are ready to serve you at any time."
Zhang Zeyang nodded slightly, his gaze sweeping over the two men. Seeing their energetic appearance, a hint of satisfaction appeared in his eyes.
He didn't beat around the bush and went straight to the point: "Next, I have three important things for you to do."
Chen Mo and Su Qing immediately focused their attention, leaning forward slightly, not daring to slack off in the slightest.
"The first thing," Zhang Zeyang said calmly and clearly, "is for you to register the Qiangu Group and put its shares in an offshore company."
Upon hearing this, Chen Mo and Su Qing immediately replied, "Yes, Mr. Zhang."
"The second and third things must be done in the name of Qian Gu Group." Zhang Zeyang changed the subject and pushed two files on the table in front of the two men. "These two documents are from the Hong Kong Daily and Li's Bank. My requirement is to acquire both of these institutions in the name of Qian Gu Group."
Upon hearing this, Chen Mo and Su Qing's expressions tightened slightly. They quickly picked up the file and flipped through it. After quickly reviewing the core information, they didn't say anything.
Zhang Zeyang looked at the two of them and added, "Wu Lei is mismanaging the Hong Kong Daily, and the newspaper is on the verge of losses. When you go to negotiate, don't worry too much. Try to lower the price if you can, but remember, the key is to protect the printing plant and distribution channels."
The Lee family, behind Lee's Bank, is short of funds and eager to divest. Acquiring the bank shouldn't be too difficult; the key is to thoroughly investigate its bad debt situation to ensure there are no problems, and then take control of the bank as quickly as possible after the acquisition.
He paused for a moment, then continued, "If you run out of funds during the acquisition process, just let me know immediately, and I will allocate funds as needed. Don't worry about anything."
Chen Mo quickly processed the instructions, then looked up and asked, "Mr. Zhang, after the acquisition is completed, do we need to draft a plan in advance for the personnel arrangements at the newspaper and the bank?"
"Not for now." Zhang Zeyang shook his head. "Let's get the acquisition settled first. Once these three things are all done, Qian Gu Group is registered, and Xiangjiang Daily and Li's Bank are successfully acquired, then you can come back to me. At that time, I will arrange the subsequent personnel allocation and business planning. For now, just focus on your work."
"Yes!" Chen Mo and Su Qing answered in unison, without the slightest doubt.
"Well, there's no time to lose. Go and prepare now." Zhang Zeyang waved his hand casually. "Report to me immediately if there's any progress."
"Alright, then we'll take our leave!" Chen Mo and Su Qing stood up, put the files into their briefcases, bowed slightly to Zhang Zeyang, and then turned and quickly walked out of the study.
Watching the two figures leave, the study door closed gently. Zhang Zeyang sat back down in his chair. Qian Gu Group, Hong Kong Daily, and Li's Bank—this was just the first step in his plan to expand in Hong Kong. He picked up the pen on the table and wrote the four characters "Qian Gu Consortium" on a notepad. The pen strokes were powerful and penetrating the paper.
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