China Entertainment started from Nortel 2002

Chapter 1064 Let’s speak with strength!
"Li Ming, I got the news that Wanda Films seems to be going for a large deal with Mengying Media."

Ke Jiuming walked into the chairman's office in a hurry and spoke.

Ke Liming didn't even need to look for people, because the only person who could walk directly into his office as the chairman of Ruyi Media was his brother.

"I see. Someone just called me."

Ke Liming stood up, sat on the sofa, poured a cup of tea for Ke Jiuming first, and then filled his own cup.

"Wanda Film will issue an announcement tomorrow, and 3% of the shares will be sold in bulk."

"What does Li Mu from Mengying Media mean?"

Ke Jiuming drank it all in one gulp and said with a frown.

"I guess he has the same idea as us." Ke Liming said calmly, "Or maybe he just wants to be a shareholder. After all, compared with other businesses, Mengying Media Cinema Line is not really that strong."

"I'm afraid a wolf will come and take our meat away." Ke Jiuming was worried. After all, the emergence of a big boss in the industry who was not short of money made the situation confusing.

"What's not in the bowl doesn't count as meat." Ke Liming sighed, then his eyes became sharp, "I will communicate more with Tencent later to see if we can get some advantages in advance. Wang Jianlin has no choice. He has to sell Wanda Films whether he wants to or not."

"Are you saying that Wang Jianlin's Wanda Commercial Management will definitely not be able to go public? Even if it fails this time, he should have one last chance to submit an IPO in April."

"Oh, if it was going to be successful, it would have been successful long ago. Why do you think Wanda Commercial Management can't be successful in Hong Kong? Which of its companies does not meet the requirements?"

Ke Liming sneered, "Wang Jianlin has too big an appetite. He wanted to go public on the A-share market to increase the market value, but he encountered the A-share listing supervision cycle and did not give Wanda, a real estate company, a chance to go public. That's when he thought of the Hong Kong stock market.

But there is an unwritten rule for listing in Hong Kong, that is, if a company cannot be listed on the A-share market, it will be rejected by default. The two companies are one company, and there is no such good thing in the world. If Hong Kong is listed, wouldn’t it be a slap in the face of the A-share market? "

Upon hearing this, Ke Jiuming nodded slowly. In fact, Wang Jianlin's Wanda Commercial Management had failed to get on the list many times, and this unwritten rule had already become apparent.

But Wang Jianlin has no choice now, because he is sure to fail to go public on the A-share market, and he can only continue to push forward on the Hong Kong stock market. No matter whether he uses connections or spends money, he has no way out anyway.

"I'll contact Li Mu from Mengying Media later to see if we can sit down and have a meal together, and take a look at what's going on, and get to the bottom of it."

When Ke Liming said this, he couldn't help but rub his brows. Mengying Media put too much pressure on him. Even though he had a cooperative relationship with Tencent, his advantages were not much higher than Mengying Media.

After all, what Ruyi has, Mengying Media also has, and what Ruyi doesn’t have, Mengying Media also has. If there is only one advantage, it is that Tencent was also a member of Wanda’s bet investment.
The next day, Wanda Film released an announcement stating that Wanda Investment planned to reduce its holdings in Wanda Film by no more than 6538.11 million shares through centralized bidding and block trading, accounting for 3% of Wanda Film’s total share capital.

As soon as the news came out, Wanda Film’s stock price hit the daily limit.

Some investors who didn't know the truth were a little confused.

"What's going on? Why did the stock price reach the daily limit?"

"This reduction in holdings can also reach the daily limit. Although it is a large-scale transaction, the specified price is definitely lower than the current price. The selling pressure will be so great at that time."

However, there were still some shareholders who got to know the news and explained proudly below.

"You can tell at first glance that he is a novice. You have to look at who is doing the bulk transaction. Didn't you see that it was Mengying Media that took over? Didn't Mengying Media take over to do short-term trading? Maybe Mengying Media wants to go public through a backdoor listing."

"Oh my god, backdoor listing? This will mean a market value of hundreds of billions? There are still 38 boards left, and it's not long before it surpasses the number of consecutive boards that Baofeng Video did back then!"

"What's the situation with Li Mu's Mengying Media? Why did they suddenly acquire a part of Wanda Films? Are they so optimistic about it?"

"."For a time, not only investors were talking about it, but even people in the industry were speculating.

"Director Li, what's going on?" Wang Changtian also asked hurriedly on the phone.

"Whatever happens, we're just going to strengthen Mengying Media's cinema resources. We can't just open a cinema, but buying some Wanda Cinemas is probably okay."

Li Mu responded with a smile. He was not lying. It was just a matter of buying more or less.

Wang Changtian was also a little imaginative when he heard this, but he sighed again, "It's a pity that Guangguang has no money, otherwise I would like to buy some."

The film and television industry is in a terrible state nowadays. It’s lucky that Guangguang can survive. If they pay the money, there will be no film.

After Wang Changtian had inquired about this, Yu Dong, Fu Ruoqing and others also inquired about the news.

The main reason is that this action is unusual, and Mengying Media and Wanda Film are two film and television companies whose every move in the industry can shake the whole circle, so they naturally attracted a lot of attention.

On the other side, the Huayi brothers were also discussing at this moment.

"Brother, do you think Li Mu wants to acquire Wanda Films?" Wang Zhonglei made a bold guess.

"It's hard to say." Wang Zhongjun paused, then slowly said, "But Mengying Media does have the money, but Ruyi Film and Television, which is behind Tencent, is also eyeing it."

"Wang Jianlin deserves it. He suppressed us so much back then, and now he is getting his retribution."

Wang Zhonglei also seemed somewhat happy at this moment. After all, Wanda, which was at odds with Huayi, was not doing well now. What could be more gratifying than seeing one's enemy in such a miserable state?

Wang Zhongjun's eyes narrowed slightly, but he did not refute Wang Zhonglei's words because he thought so too.

Wang Jianlin did a lot of trouble for Huayi in the past. Although Huayi is no longer in its glory days, Wanda is not much better off.

"Oh, I'm so tired. It's just buying some shares, but you keep asking questions."

After Li Mu hung up the phone, he lay on the sofa.

"You bought 3% at once. This will definitely cause a reaction in the industry. Not to mention you, many people have asked me on WeChat, are you going to buy the entire Wanda Film Group?"

Liu Yifei peeled a grape and handed it to Li Mu, saying with a smile.

"Then what do you say?"

"I said I don't know."

"Actually, the purchase has nothing to do with them, but they act as if they bought it." Li Mu pursed his lips. These people asked so many questions.

"That's hard to say." Liu Yifei thought for a moment, "Think about it, Wanda Film owns the largest cinema chain in the country. Just based on this point, if Mengying can really control Wanda Film, coupled with the huge size of Mengying Media, this will have a significant impact on the industry. I feel that many people will not want you to succeed."

Li Mu paused for a moment when he heard this. He hadn't thought about what Liu Yifei said for a moment, but it did make sense.

"Then let your strength speak for itself!"

Li Mu murmured to himself, he would definitely fight for Wanda Films no matter what.

(End of this chapter)