Reborn since 1993

Chapter 1292 Helping in times of need
Hearing Li Dongling's statement, Hu Guangsha was overjoyed. He had been worried about how to persuade the philanthropist Li to support the domestic 3G standard.

The "telecom czar" at the Ministry of Information Industry was determined to promote the domestically developed TD standard. He was determined to make the global 3G market adopt the mainland standard, no matter the cost.

For this reason, they didn't hesitate to smash the whole thing!
In other words, if TD, promoted by Datang Telecom, fails to become one of the international 3G standards, then the domestic telecommunications market will have to start from scratch. Instead of opening up the mainland 3G market to Europe, America, and other regions, a new telecommunications standard will be promoted domestically.

Whether others can do it is unknown, but with the current Telecom Tsar's audacity, he is certainly capable of doing such things; once he makes a decision, no one can object.

Nokia, Ericsson, Qualcomm, and other overseas manufacturers are actually aware of this.

For the past two years, the Ministry of Information Industry has been preparing for next year's 3G conference, both domestically and internationally.

But now, Li Dongling has stated that he will support TD and launch TD standard mobile phones, which saves Hu Guangsha a lot of trouble.

As long as this news is brought back to Yanjing, Hu Guangsha believes he will be able to get past the Telecom Tsar, and his resume will include the sentence: "made outstanding contributions to the development of domestically produced telecommunications standard equipment!"

"Dongling High-Tech wants to apply for 3G patents at next year's 3G conference, and the domestic side will fully cooperate!"

Hu Guangsha stated directly and without ambiguity that Dongling High-Tech had expressed its support for domestically produced mobile phones based on the telecommunications standard, and the Ministry of Information Industry would certainly support Dongling High-Tech.

The Ministry of Information Industry is definitely going to cast its votes for Dongling High-Tech, along with China Telecom, China Unicom, Datang Telecom, ZTE, and Huawei.

If Dongling Hi-Tech is not supported, then who else will support the domestic 3G standard like Dongling Hi-Tech does in the future?

Li Dongling raised his wine glass and clinked it with Hu Guangsha's.

After exchanging pleasantries with the directors from Yanjing and the personnel from the Hanxi Provincial Government, Li Dongling went to the senior executives of Dongling High-Tech and told them that TVB was going to sell itself.

Ren Yuefeng, Hu Zixian, and other senior executives at the Pingyang headquarters were also very surprised to hear the news, but they managed to keep a straight face.

After all, for Dongling Hi-Tech's headquarters, TVB's market is in Hong Kong, and it is not Dongling Hi-Tech's core business. Whether or not it is acquired, it will not have a significant impact on Dongling Hi-Tech's headquarters.

But for Lam Yin-fai, president of Dongling High-Tech Port City Company, the meaning was completely different. He knew all too well how much influence Cyberport would have on Port City if it acquired TVB.

It is no exaggeration to say that with its holdings in telecommunications and media, Cyberport has officially become one of the largest conglomerates in Hong Kong. Hong Kong Telecom brings huge revenue to Cyberport every year, while TVB has gained a voice in public opinion. If we also include the Internet, then Cyberport spans three major industries!

By then, Cyberport will likely surpass the Li family of Cheung Kong and become one of the most influential giants in the port city!

Lin Xianhui dared not even speculate on how high the market value of Cyberport could soar.

As for Lin Xianhui, he will become the most powerful professional manager in Hong Kong. Even those Hong Kong tycoons will probably have to fawn over him.

"Mr. Li, is Shaw Brothers really going to withdraw from TVB?"

Lin Xianhui couldn't help but ask another question, because the news was too shocking. Shaw Brothers had been with TVB for so many years, and no one in Hong Kong could have imagined that the Shaw family would one day withdraw from TVB.

"You should know more about the Shao family's situation than I do, including Mr. Shao's relationship with the Shao family..."

When this was mentioned, Li Dongling shook his head. There were probably several reasons why Mr. Shao left TVB. Because of his relationship with Mr. Shao, none of the Shao family members were willing to take over.

In addition, the internet wave that Cyberport has sparked in Hong Kong, and Mr. Shao himself is getting old, all these factors led him to consider retiring.

Mr. Shao is an extremely shrewd man. He knows that once the internet trend sweeps through the media industry, TVB may become a thing of the past, and it would be far better to cash out now at its peak.

"Cyberport needs to prepare in advance by issuing a new batch of stocks and bonds to raise enough cash to prepare for the acquisition of TVB!" Li Dongling instructed.

If we're talking about the biggest advantage of going public, it's definitely raising money!
Regardless of the stock market, there are a large number of companies raising funds, and they use all sorts of excuses and creative methods to do so.

Cyberport has been quite restrained; from its backdoor listing through Tse Sui Luen to its acquisition of Harbour City Telecom, it hasn't raised funds on a large scale.

At present, the issuance of a small amount of stocks and bonds is only for the purpose of acquiring TVB, which is quite restrained, to be honest.

Lin Xianhui replied, "After returning to Hong Kong, I began preparing for the stock issuance!"

We're in the midst of an internet frenzy, and Cyberport is one of the hottest stocks in Hong Kong. The newly issued shares are guaranteed to sell.

Li Dongling took a sip of his drink. He planned to issue more Cyberport shares next year, after the stock price had been driven up by speculation, and then transfer a portion of the equity to suitable individuals, such as Japan Telephone and Telegraph...

Previously, Cyberport spent a lot of money to acquire Harbour City Telecom and still owes a large amount of debt. Next year, it will cash out and pay off all the debts.

As for the remaining money, once the Nasdaq bubble bursts and shatters the global internet market, Cyberport can simply buy back the shares from the company that acquired them. Cyberport will definitely do its part in helping those in need; after all, it can't let its investors suffer losses!
……

"Yanyan!"

"Hurry up, they're about to start checking tickets!"

"I'm here, I'm here, don't rush me. I didn't see you in such a hurry when we went to the Oriental Times Shopping Mall to buy clothes. Look how anxious you are just about the company's annual meeting!"

In the girls' dormitory of Pingyang University, Tao Yan, who was changing her clothes, rolled her eyes at her roommate and best friend at Pingyang University, Jiang Suyi.

Tao Yan is the daughter of Tao Zhiliang, the head of the production department at Dongling High-Tech, and is currently studying at Pingyang University.

"That's different. Daniel Wu will be attending this year's East Taiwan Science Park Annual Meeting!"

Jiang Suyi twisted her clothes with her fingers and said in a slightly shy tone. Seeing her like this, Tao Yan knew all too well that she was a fan of Daniel Wu.

This year's Dongke Annual Meeting was one of the few times Jiang Suyi asked Tao Yan to get the meeting tickets from Tao Zhiliang.

In previous years, Dongling Hi-Tech's annual meeting was free for families to attend, but this year was particularly special as many celebrities appeared as guests, causing the annual meeting tickets to suddenly become very popular.

Due to the large number of participants this year, the venue for Dongling High-Tech's annual meeting has been changed to Pingyang Stadium, the home stadium of Pingyang Football Team in the Chinese Football League B. This stadium is also the main venue for Hanxi to host large-scale events.

Many scalpers have started to come out and collect the tickets for Dongling High-Tech's annual meeting, reselling them to fans who have come from other places to see their idols. Some good seats have been resold for several hundred yuan, not much cheaper than concert tickets.

After leaving the school, the two boarded a bus at the school gate and headed towards Pingyang Stadium. Pingyang's public transportation, including buses, taxis, and intercity buses, is operated by Pingyang Transportation Group, which basically covers the entire Pingyang area, including the surrounding counties and towns.

The shareholders of Pingyang Transportation Group include Pingyang City Investment, Hanxi State-owned Investment, Dongling High-tech, and Oriental Times Shopping Mall Group.

Without the support of these financial backers, how could Pingyang Transportation Group, which was only established after Liu Weiguang took office as the new head of Pingyang, be so wealthy and powerful as to buy so many vehicles?

If Pingyang has the opportunity to build a subway in the future, it will most likely be invested in, constructed and managed by Pingyang Transportation Group.

From now on in Pingyang, whether it's a vehicle running on the ground or underground, everyone will have to pay homage to Pingyang Transportation Group!

As they sat on the bus, nearing the Pingyang Stadium bus stop, the venue for this year's Dongke Annual Meeting, Tao Yan and Jiang Suyi stared wide-eyed at the crowd queuing in front of the stadium.

Several long queues formed in front of Pingyang Stadium. Security personnel from Dongling High-Tech and Pingyang Police Station were maintaining order. A row of riot police vehicles were parked on the roadside, and armed personnel passed by from time to time. The sound of helicopters could be heard from time to time in the air.

With the Lunar New Year just around the corner, safety must be guaranteed for such large-scale gatherings.

More importantly, there are many guests attending the Dongke Annual Meeting today, especially many important figures from Yanjing and Hanxi Provincial Government. How could the Pingyang Police Station not be on high alert? So they even applied to the Hanxi Police Department to transfer a batch of personnel over. Today, this place can be said to be one of the safest areas in Hanxi!

Following the crowd, they slowly lined up to enter Pingyang Stadium. After their tickets were checked, Tao Yan and Jiang Suyi entered the stadium.

This stadium is an old stadium, built almost decades ago. It is open to the public on weekdays for Pingyang residents to run, play football, and so on. Tao Yan had come here many times before with Tao Zhiliang and his friends.

But now, after simple decorations, lighting and sound equipment have been added inside the stadium. The seats have been decorated and mineral water and other items have been placed there. Tao Yan feels that the entire Pingyang Stadium has almost become a different place than she used to recognize.

……

"Director Gu!"

"Liu Shuji!"

Backstage at Pingyang Stadium, Liu Weiguang, accompanied by personnel from the Pingyang Municipal Government, exchanged pleasantries with Gu Xiguang, Hu Guangsha, and others.

They were very polite to Liu Weiguang, Gu Xiguang and others. They all knew that as long as Liu Weiguang could spend another year peacefully in Pingyang, the last shortcoming in Liu Weiguang's resume would be completely filled.

For Liu Weiguang, his promotion from Pingyang meant he was on a meteoric rise. Given his connections and background, Gu Xiguang dared not predict how far Liu Weiguang would go in the future, and even needed to maintain his relationship with Liu Weiguang.

“This year, Pingyang has once again become a dark horse in the national economy, ranking among the top 30 cities in the country. Liu Shuji deserves much credit for this!” Gu Xiguang said to Liu Weiguang.

Hearing this, Liu Weiguang smiled and said, "Pingyang's economy this year is inseparable from the efforts of everyone in the municipal government, and even more so from the guidance of the Hanxi Provincial Government and the Yanjing Economic and Trade Commission and other departments!"

(End of this chapter)