Chapter 235： 36.7 million Hong Kong dollars

Two days later, Ma Tengdong handed over the investigation report of Minghong Toy Factory to Xia Yu.

After reading it, Xia Yu raised his brows. It seems that Minghong Toy Factory's acquisition value is not bad!

The land of the Minghong Toy Factory is its own, and the machine has just been updated, and it is preparing to take it on a large scale, but I did not expect it to be pitted by the Yankees.

Now the Minghong Toy Factory is in a quagmire. The toys produced cannot be sold under squeeze. The entire factory has ceased operation, and the banks are frantically collecting debts when they see the situation.

The owner of Minghong Toy Factory has already planned to stop the loss and withdraw, because if it continues like this, it will go bankrupt sooner or later, and then there will be nothing. It is better to admit the plant and find a way to stop the loss and get some money back.

The entire Minghong Toy Factory, including land, plant and machinery, has total assets of about 5 million Hong Kong dollars, of which land assets account for the vast majority. However, it owes a total of 4 million Hong Kong dollars in debt to the bank, and its net assets are only 1 million Hong Kong dollars. , And now I still owe 158 employees a month’s wages.

If the delay continues, the bank's interest rate will get higher and higher, and its assets will shrink day by day. When that time comes bankruptcy and liquidation, you will not get a dime.

"In this way, the acquisition value of Minghong Toy Factory is good!"

Xia Yu murmured with a smile after reading it.

"Yes, boss, I have asked people to analyze it. It is indeed suitable for acquisition, and the price is not very high. The price is definitely lower than one million Hong Kong dollars. The acquisition price is small and the effect is quick."

Ma Tengdong nodded in agreement and said.

The acquisition of Minghong Toy Factory is completely taking advantage of the fire. On the one hand, they caused the fire, and on the other hand, the bank released it.

Banks are cold-faced and ruthless. They like to squeeze hard when others are not short of money, and fall into trouble when others are in trouble.

But as long as Minghong Toy Factory is acquired by Jiuding Animation Co., Ltd., the bank debt collectors will definitely turn around and leave immediately, and maybe even expect Jiuding Animation Co., Ltd. to borrow more.

After all, the backing of Jiuding Animation Co., Ltd. is too hard, and it is absolutely impossible to not be able to repay their bank money.

"Then go buy it, it will be acquired within four days."

Xia Yu made a decision directly, if there is any omission or not, is it stupid? What's more, most of the assets are land, and now you buy it and earn it.

"Understood, I'll make arrangements later."

Ma Tengdong nodded immediately.

...

When I came to Jiuding Newspaper, I just sat down and saw Yan Wenhan approaching him with a strange expression.

Xia Yu raised his brows slightly, looked at the newspaper in Yan Wenhan's hand, and asked softly: "What's wrong?"

"Boss, look, the "Sing Tao Daily" has been revised, and the Sing Tao News Agency has been activated."

Yan Wenhan handed the newspaper to Xia Yu and explained.

Xia Yu was surprised now. It seems that it hasn't been a month since I learned that Sing Tao News Group is going to build a news agency. Will it be put into use so soon?

Are you joking?

We must know that with Xia Yu's control, and after investing huge resources, Jiuding News Agency also took two months to build it successfully. Is Sing Tao News Group better than him?

Xia Yu absolutely didn't believe it. If he had this ability, would he still be defeated by Jiuding Newspaper Company?

Unable to figure it out, he immediately took the newspaper that Yan Wenhan handed over, and started to browse it, and found that the "Sing Tao Daily" had indeed been revised, with more international news sections, and the section accounted for nearly one-third of the space. One lot.

Below these news, it is uniformly marked that the news comes from the Sing Tao News Agency, or some news quotes "according to Sing Tao News Agency news..." at the beginning.

Just looking at it again, Xia Yu stretched his brows, and then quickly looked at other news, he found that the level of heavyweight of these news was somewhat uneven, and the level of news writing was much worse than that of Jiuding News Agency.

Seeing the end, Xia Yu retracted his gaze, the corner of his mouth curled up, not knowing whether he was happy or mocking, and shook his head and sneered.

He understood why Yan Wenhan's expression was strange.

Hu Xian was dizzy and confused.

If you look at the level of the news, you can know the level of Sing Tao News Agency. There is no way to compare with Jiuding News Agency.

He also wondered how Sing Tao News Agency was able to use it so quickly. It turned out to be a semi-finished product, and it was put into use before it was built. This decision was too unwise. Hu Xian is also a shrewd person, and he did it this time. Such a stupid thing.

Although the overall quality of "Sing Tao Daily" has increased a bit compared with before, it still cannot be compared with "Fengyun Daily".

As long as it is not comparable, no matter how much it improves, it is still at most a second child, the light will be covered up, or it will not play a key role.

"The outcome has been determined! I thought it would take a while to fight, it seems that those methods are not available."

Xia Yu shook his head and sighed.

"Yeah, boss, I didn't expect that I would look up at her before. I didn't expect to be chaotic at a critical time. It seems that not every woman is capable of being in a high position."

Yan Wenhan also echoed.

He also didn't expect his opponent to lose his mind and make such a dull decision.

Originally, Sing Tao News Group had missed the first opportunity. The only way was to stabilize its position and wait for the opportunity to counterattack when the Sing Tao News Agency was built.

However, if you enable it in advance, it will not have any effect, although you can use it to create a run-in.

But you should know that readers don't have the patience to play the nurturing game with Sing Tao Daily. The first impression is very important.

There is no harm if there is no comparison. With the jewel of Fengyun Daily ahead, the quality of Sing Tao Daily is not as good as Fengyun Daily after this revision. Who wants to read it?

The current situation can be described as an example. Jiuding News Corporation and Sing Tao News Group are both sharpening their swords, but the rival Sing Tao News Group didn’t even open the knife, so they took it out and wanted to kill people. I think too much, I can't even kill a chicken!

"Wenhan, the acquisition by the South China Morning Post is over, right?"

Xia Yu suddenly asked, although it has only been a few days, there is no difficulty in this acquisition.

Jiuding Newspaper already holds 84.9% of the shares and is fully able to control the general meeting of shareholders.

Mandatory delisting and privatization will result in an agreed liquidation price for stocks, and other stocks in the hands of stockholders will automatically close their positions at the agreed liquidation price. Shareholders have no choice.

If it is not sold, it will be worthless!

Therefore, the remaining 15.1% of the stocks can be recycled just like scraps. There is no difficulty. A few days is enough!

"Boss, the acquisition has been completed, and now 100% of the equity of the South China Morning Post is in our hands. The acquisition of the South China Morning Post cost a total of 11.5 million Hong Kong dollars."

Yan Wenhan reports truthfully.

"Good job!"

Xia Yu smiled appreciatively.

11.5 million Hong Kong dollars. It can be said that it is very cheap to buy the South China Morning Post, the number one English newspaper. You must know that the same 110,000 daily sales of Nanyang Business Daily spent 12 million Hong Kong dollars to buy it. Now the South China Morning Post "Instead, it was 500,000 Hong Kong dollars cheaper.

As a result, the acquisition cost 12 million Hong Kong dollars for Nanyang Business Daily, 11 million Hong Kong dollars for Sin Chew Daily, 2.2 million Hong Kong dollars for Tiantian Daily, and 11.5 million Hong Kong dollars for South China Morning Post. A total of 36.7 million Hong Kong dollars was spent.

The original acquisition of the former Jiuding Newspaper Company had 25 million Hong Kong dollars in working capital, and another 20 million Hong Kong dollars loan from HSBC, totaling 45 million Hong Kong dollars.

Excluding the funds spent on the acquisition, Jiuding News now has 8.3 million Hong Kong dollars remaining in working capital, which is completely enough to support the normal operation of the company.

"How is the integration of the four newspapers now? When will it be completed?"

Xia Yu asked again.

"Boss, "Nanyang Business Daily" and "South China Morning Post" are newspapers that focus on business and finance. We are very experienced in this area. Before, our "Jiuding Daily" was limited by page issues, and many articles were not published. Now you can put these articles on the "Nanyang Commercial Daily"."

"Especially the South China Morning Post is the easiest to rectify. You can translate part of the news on the Jiuding Daily into English and publish it in English. The quality will be greatly improved, and the influence of the Jiuding Daily can be improved to the British. Penetrate over there."

Xia Yu nodded slightly, agreeing with Yan Wenhan's analysis and approach.

"As for the "Sing Chew Daily", the more important thing is to use Jiuding News Agency to revise the edition. Its own editing system is good. There is no need to make major changes. As long as some high-quality news from Jiuding News Agency is published on it, the newspaper can be improved. Quality, with the help of our original channels, sales increase is not a problem."

"The last "Tian Tian Daily" is the most rectified, but because the newspaper is small and difficult, the employees of "Tian Tian Daily" enjoy better treatment, and they are now motivated to work."

"In terms of the operating system, the problem is not big. Now the biggest action is the distribution system. The distribution system of the four newspapers is being quickly integrated, especially the "Nanyang Commercial Daily" and "Sin Chew Daily." When this is over, our distribution channels in Southeast Asia will take another step."

"But it's been more than half of it now. Four newspapers can be integrated for up to five days!"

After introducing the situationYan Wenhan made a guarantee.

Xia Yu smiled and nodded and said: "Very well, just follow your ideas."

"Okay!" Yan Wenhan nodded in response.

Suddenly, Yan Wenhan thought of something and immediately said: "Boss, you asked me to help you recruit a secretary. Now that I have received a lot of resumes, I have eliminated some bad ones. When do you think you have time for an interview?"

After speaking, Yan Wenhan stood quietly on the spot, waiting for Xia Yu's order.

The boss hires a secretary. He can't do this. The best thing is to let the boss interview in person. After all, the secretary can be said to be the person closest to the boss. He should be careful.

Xia Yu raised his brows, thought about it, and said, "Just let them know at three o'clock this afternoon and let them all come here for an interview."

"Okay." Yan Wenhan said respectfully. Want to talk about "Rebirth: The Most Powerful Hero" with more like-minded people, follow "Hot Netwen or rd444" on WeChat and talk about your favorite books with more book friends