China Entertainment started from Nortel 2002

Chapter 1063: Controlling Wanda Films?

After the New Year, after Li Mu finished dealing with matters at both Maoyan and Mengying Media, he went to Hangzhou.

Li Mu can no longer rely on his memory for the developments after 2023.

However, over the years, my vision and other aspects have been greatly improved, and I have already become adept at handling all kinds of problems.

At the Hangzhou Asian Games, Li Mu felt a little emotional as he looked at the stage where the action was in full swing.

This huge project has reached the middle and late stages. The opening ceremony is now waiting for the completion of all aspects of the stage, and then a grand rehearsal will be held in September.

“Working on a project feels like raising a child.”

Li Mu looked at Meng Ke and Gao Yan who were directing, and couldn't help but speak slowly.

Upon hearing this, Sha Xiaolan joked, "Director Li, I'm afraid you will have many children in the future."

"Hahaha!" Li Mu couldn't help laughing out loud.

"By the way, Director Sha, how are your preparations for the closing ceremony going?"

"That's all right. Director Li, you'll be the first to take the lead in the opening ceremony, and we'll just follow suit."

"Director Sha, you are flattering me again."

"No, whether it's high or not, we'll know after the opening ceremony. Let's go, Director Zhao said we should go have a meal together and have a drink tonight."

"I'm not drinking tonight. I can't drink as much as you guys. Even when I video-called my daughter at night, she ignored me." Li Mu declined the drink as he walked.

"If you don't want to drink, then don't drink. Let's eat."

"I'm serious. When Director Zhao asks you to drink, you have to stop him."

"Okay, I'll leave it to you, bro."

"Why don't I trust you?" Li Mu felt that Sha Xiaolan was particularly unreliable at this time.

After more than half a year, everyone has become very familiar with each other. After all, Li Mu is not a difficult person to get along with, and everyone often holds meetings and eats together, so it would be strange if they are not familiar with each other.

Time flies and it is March now.

In Mengying Media, in the chairman's office, Liu Weijuan was reporting to Li Mu.

"Mr. Li, Wanda Films has issued an announcement that Wanda Culture Group has reduced its holdings of 4356.53 million shares of unrestricted tradable shares, accounting for 2% of Wanda Films' total share capital, to repay part of the stock pledge loans and reduce pledge risks."

"Hmm? Are there any follow-up actions?" Li Mu asked.

“There has been no announcement yet, and there has been no news about Wanda Films in the industry, but there has been a lot of news about Wanda Commercial Management. It is rumored that the IPO it applied for before the New Year will most likely not be approved.

Excluding the gambling agreement, in 2023, Dalian Wanda Commercial Management, a subsidiary of Wanda, will face a total of 154 billion yuan of domestic public bonds and 4 million US dollars of bonds, totaling about 182 billion yuan of public bonds maturing.

"Okay, got it. I'll keep a close eye on the news about Wanda Films," Li Mu nodded.

"Ok."

After Liu Weijuan left, Li Mu stood up and paced back and forth, thinking.

The money previously obtained by pledging Google shares through Citibank has been quietly lying in a domestic bank account, waiting for the final news to come.

But when it really came to this point in time, he was actually a little nervous.

The main reason is that there are actually quite a few people who want Wanda Films.

"It's better to strike first, at least try to find out the truth first."

Thinking of this, Li Mu picked up his phone and called Zeng Maojun directly.

At this moment, Zeng Maojun was sitting on a chair with a sad face.

Because the news coming back from Hong Kong is not ideal, Wanda Culture Group has already begun to take action.

Li Mu's call surprised him a little.

"Hey, Director Li!" Zeng Maojun smiled and smiled after putting away his worry. Li Mu also exchanged a few pleasantries with Zeng Maojun and then got down to business.

"Mr. Zeng, I saw an announcement saying that Wanda Culture Group reduced its holdings?"

"Hmm?" Zeng Maojun paused, then seemed to think of something, "Why? Director Li is interested in our Wanda Films?"

"Mr. Zeng, now that things have come to this, I will speak frankly.

You also know that Mengying Media has always had shortcomings in the cinema chain. If Wanda Films reduces its holdings or needs to sell some of its shares, I can take them over, which can be regarded as a guarantee for our own films."

Cinema chains have always been controlled by real estate companies, and it is indeed difficult for Mengying Media to make any breakthroughs in the cinema chain.

Li Mu was telling the truth. Of course Zeng Maojun knew this clearly, so it was no surprise that Li Mu wanted shares in Wanda Films.

Although Wanda Films has gone public and can collect shares in the secondary market, collecting shares in the secondary market is too slow and can easily drive up the stock price. Moreover, if the shareholding exceeds 5%, it will trigger a takeover, which is not worth the cost.

"I understand what Director Li means!" Zeng Maojun nodded. "How about this, I'll talk to Director Wang about it. Since Director Li wants it, I think there will be some."

Zeng Maojun did not agree directly.

Li Mu also knew that after all, the business world is full of lies and even if the relationship is good, one still has to consider interests.

Moreover, if it can be done with just one phone call, wouldn't it also indirectly prove Wanda's problem? Even if Wanda Films really wants to make a crazy move, it will not agree immediately at this time.

"Okay, I'll wait for your news, Director Zeng!"

Li Mu responded with a smile.

After hanging up the phone, Zeng Maojun sighed and called his secretary, "Please make an appointment with Director Wang for me, preferably tomorrow."

"Okay, Mr. Zeng."

"."

Wanda Commercial Management, Wang Jianlin was lost in thought, then looked up and asked, "Are you saying that Mengying's Li Mu is interested in Wanda Films?"

"Mengying Media is currently lacking in cinemas, and Li Mu wants to strengthen this aspect."

"You want to take control?"

"He didn't mention this aspect." Zeng Maojun shook his head.

"He has some thoughts on this!" Wang Jianlin said with a wry smile, "Look, he took control of Maoyan and took control of it."

"Wanda Investment plans to reduce its holdings by 3% in April. Tell him to trade it to him through a block transaction!"

Wang Jianlin made a decision immediately. Anyway, he had originally planned to reduce his holdings through centralized bidding and block trading. Now that he had found the person, he could just go with the block trading.

"What about Ruyi Film and Television?" Zeng Maojun asked.

Ruyi Film and Television has already contacted Wanda through Tencent, and also came for Wanda Films.

"That's why I gave it to Li Mu. This little bit of shares is nothing."

Wang Jianlin seemed to have seen through the two companies. "I'm afraid they want all the shares held by Wanda Investment. We should also put some pressure on Ruyi Films. Don't think that you can get Wanda Films at a low price by relying on the relationship with Tencent. Besides, Wanda Commercial Management may not fail in its IPO."

In the evening, Zeng Maojun called Li Mu.

"3%? Sure, that way I'll be considered a shareholder of Wanda Films. Mr. Zeng, please don't block me from scheduling films in the future." Li Mu said with a faint smile.

"Haha, blocking Director Li's movie, do we not want to make money? Director Li, what are you saying?"

Zeng Maojun responded with some confusion.

He was a little confused about what Li Mu meant.

"Is Li Mu interested in controlling Wanda Films?" Zeng Maojun couldn't help but mutter to himself after hanging up the phone.

(End of this chapter)