People in Hong Kong create super chaebols

Chapter 99: Boss, why did you think of buying Jiayi TV Station?
Buying Jiayi TV Station for 1000 million may not be worth it to others, but to Su City, it is very worth it.

After Governor Maliho promised that Jiayi TV could operate two channels, the shortcomings of educational programs no longer posed a threat to Jiayi TV.

"Is Mr. Lin confident in persuading other shareholders?" Su Cheng asked.

"Mr. Su, I'm not afraid to tell you the truth. We, Jiashi, have held frequent shareholder meetings in the past few months to discuss how to solve Jiashi's problems, or whether it is possible to sell Jiashi.

Beginning in December last year, the Governor in conjunction with the Executive Council ordered the Television Advisory Committee to investigate our Jiashi. He believed that it was illegal for Ho Zuozhi to sell the equity to me, whether it was Jardine Matheson, Sing Tao Daily, "Overseas Chinese Daily" and others, they have completely lost confidence in Jiashi, but I have been investing money to support it.

Last month, they even asked me if I wanted to take over their shares and sell them at a low price. But I felt at that time that the Hong Kong Governor's Government was already targeting me. If it controlled 100% of Jiashi, the government would not It might keep Jiashi alive, so I turned them down.

Therefore, there is no need to worry about this issue. Don’t worry, Mr. Su. I can handle it in two days at most. At that time, Jiashi will completely belong to Mr. Su. How about we write a purchase intention contract first, and the defaulter will need to pay compensation. ? Lin Xiufeng said directly.

In order to prevent Su Cheng from changing his mind later, he even wanted to write liquidated damages into the contract.

He also wanted to sign a formal equity transfer contract directly, but there was still a small part of the equity that had not been settled. Even if Lin Xiufeng was anxious, he had no choice but to sign a purchase intention contract to finalize the matter to avoid accidents.

"No problem. In that case, let's sign the purchase intention contract today. Liquidated damages are not a problem, either 500 million or 1000 million, whatever you want to write down." Su Cheng said with a smile.

However, he himself was not afraid that Lin Xiufeng would regret it, because apart from Su Cheng, it was really impossible for anyone else to take over Jiayi TV Station.

Without Mai Lihao's commitment, Sioux City would never buy Jiashi, because even if such a restricted TV station could develop, it would be difficult to compete with the other two TV stations.

"Okay, please wait a moment, Mr. Su. I'll let the lawyer draft the contract." Lin Xiufeng wanted to have Su Cheng sign the contract immediately and get rid of Jiashi, the hot potato.

"Lend me Mr. Lin's phone. I'll ask the president of Su Group to come over and ask him to sign a contract with you on behalf of Su Group." Su Cheng said with a smile.

Now that he has said that Jiashi will belong to the Su Group, Su Cheng will not go back on his words. It would be better to let Yang Chaoye handle it directly. When the time comes, he can just let him handle it if he accepts it.

"Mr. Su, you can use it as you like." Lin Xiufeng nodded and then went out to notify the legal counsel of Bai Ningshun Group.

Su Cheng, on the other hand, called Yang Chaoye who was in the Su Group.

"Mr. Yang, I've almost finished the TV station. Come over to the Bai Ningshun Group Building in Kowloon. I need you to talk about something here. By the way, bring the group's lawyer and official seal." After the call was connected, Su Cheng said directly.

"Bai Ningshun Group Building? Okay, I'll leave now." Yang Chaoye had some doubts after hearing this, but he didn't say much.

After all, he had only been in Xiangjiang for a relatively short time, so he didn't know Lin Xiufeng from Bai Ningshun Group, so he didn't expect that the TV station his boss bought for him was actually Jiayi TV Station.

It doesn't take long to get from So Group Building, pass through the Hung Hom Cross-Harbour Tunnel, and quickly reach the Bai Ning Shun Group.

Therefore, about 10 minutes later, Su Cheng saw Yang Chaoye coming in a hurry.

"Boss." Yang Chaoye and the lawyer greeted him as soon as they met.

"Thank you for your hard work, sit down first." Su Cheng said with a smile.

Afterwards, Su Cheng briefly introduced today's events to Yang Chaoye and the Su Group's legal advisor.

The meeting time was set, but Lin Xiufeng had not returned yet.

After coming over for a meeting, I finally saw Lin Xiufeng walking into the office with a middle-aged man wearing glasses. I thought this was the lawyer of Bai Ningshun Group.

"Let me introduce to you, this is Mr. Yang Chaoye, the president of our Su Group, and this is Mr. Lin Xiufeng, the chairman of the Bainingshun Group." Su Cheng introduced each other to Lin Xiufeng and Yang Chaoye respectively.

"Hello."

The two shook hands with each other as a greeting.

"This is the contract we have initially drawn up. Mr. Su and Mr. Yang, please take a look at it. If you think there is anything unreasonable, we can modify it immediately." Lin Xiufeng handed over two drafts of the contract.

After Su Cheng took it, he handed one copy to Yang Chaoye and read the other copy himself.

The content of the contract is actually not much.

1. Su Group purchased 1000% of the equity and assets of Jiayi TV with HK$100 million.

2. Lin Xiufeng is responsible for negotiating the equity of other shareholders and has nothing to do with the Su Group.

3. If one of the two parties is unable to complete the contract or chooses to breach the contract, the defaulting party will pay a compensation of HK$500 million to the other party.

Su Cheng didn't even need to show it to a lawyer to know that there was nothing wrong with the contract.

However, he still handed the completed contract to the Su Group's legal advisor.

After Yang Chaoye read the contract, he frowned and said directly: "Boss, why did you think of buying Jiayi TV Station? You know Jiayi...".

"Don't ask too much first. You signed this contract on behalf of the Su Group today. I'll tell you later. I won't cheat you." Su Cheng patted Yang Chaoye on the shoulder and interrupted him directly. , said with a smile.

Of course he knew what Yang Chaoye wanted to say, but this was not a good place to explain.

Lin Xiufeng paused after hearing Yang Chaoye's words, fearing that they would regret it.

But after hearing Su Cheng's words, he felt relieved.

Yang Chaoye has been in Xiangjiang for almost a month. The couple also watch TV often, so they naturally know about Jiayi TV Station and are also very aware of the shortcomings of Jiayi TV Station.

Since Su Cheng said so, he didn't ask any more questions. After all, Su Group was Su City's own industry. After this period of contact, he didn't think Su City would mess up.

"Boss, Mr. Yang, there is only one thing that needs to be changed in the contract, and that is to add a transaction time. For example, within two or three days, both parties need to sign a formal equity transfer contract, otherwise it will be directly regarded as a breach of contract." Legal Advisor said.

"Well, Mr. Lin should have heard it, right?" Su Cheng smiled and handed the first draft of the contract back to Lin Xiufeng.

"This is an oversight on our part. Let's change it immediately. Let's go to the five-day industry. Mr. Su has no objection, right?" Lin Xiufeng said.

Although he vowed, he was afraid that he would not be able to convince other shareholders in two days, but in five days, he could rest assured.

"Okay, you will do it within five days. In addition, for the subsequent transactions, Mr. Lin can directly contact President Yang of our Su Group." Su Cheng said directly.

There is not much difference between two or three days and five days in Sioux City.

After another half hour, the two parties finally signed the contract.

At this moment, Lin Xiufeng felt that the mountain pressing on his head was finally gone, and he felt much more relaxed.

Jiashi has become a problem for him, and now he decides to sell Jiashi, which can be regarded as solving his problem.

(End of this chapter)