Hexagonal God

Chapter 518 Completely Taking Over the Film and Television City

Su Mo didn't know what Xiao Wang was thinking, nor did he want to care. After returning to Jinhua, he directly convened a board meeting as the largest shareholder of the film and television city.

In fact, it doesn’t matter whether the board meeting is held or not. Now there are only three people left including him.

Old Xu and Old Wu came to the conference room and were quite embarrassed when they met Su Mo.

Fortunately, they are old after all, have seen a lot of things, and are very thick-skinned, so they quickly adjusted themselves.

Old Xu directly invited Su Mo to the chairman's seat in the middle: "Su Mo, you are the chairman of our film and television city from now on, you can take this seat."

Su Mo was not polite this time. This was supposed to be his position.

After sitting down, Su Mo did not mention the previous secret competition among several people, but stated his own point of view directly.

In the future, film and television cities will need to be managed in a unified manner. How will the ticket revenue be? How are the scenic area services? The surrounding business districts all depend on the film and television cities for survival. How should they be managed?

The quality of the crew's acceptance must be guaranteed, and the venue rental must not be in arrears. If there is money owed to the film and television city in the past, the group must organize manpower and cooperate with the courts, police stations and other units to vigorously collect the debt.

We cannot allow these bad debts to continue to be owed just because someone is a relative of someone on the board of directors in the past. This time the group must make great efforts to rectify the situation!

Su Mo spoke with great force, waving his arms from time to time to enhance his momentum, while Old Xu and Old Wu over there looked unhappy.

Su Mo's rectification will definitely affect some of their previous relationships and make it difficult for them to deal with it.

But what could they do? There were only three of them now, and even if two of them joined forces, they wouldn't have as much shares as Su Mo. Their words no longer had any weight.

After Su Mo was finally tired of talking and took a sip of water, Old Xu asked tentatively.

"Chairman, will our group go public in the future?"

"Of course. As the world's largest film and television production base, we must go public. I've been thinking about this for a long time. You should be mentally prepared. If we increase capital and expand shares in the future, your shares may be significantly reduced unless you continue to inject large amounts of capital."

When Old Xu and Old Wu heard the word "capital injection", they got a headache. Where would they get so much money?

Sometimes they even wondered how Su Mo could be so rich. He just opened an electric car factory and then went to Sanya to run a hotel and travel company.

After returning from Sanya, he immediately acquired the IFC Building for more than 10 billion yuan.

After acquiring the IFC Building, it successively acquired shares of Lao Jiang and Yida, and also acquired Yida Cinema Line, which amounted to more than 30 billion yuan.

What exactly is his relationship with the bank?
Isn’t he afraid of spreading his business too wide or taking too big a step?
It’s no wonder they think so. Even the richest man doesn’t have so much cash. It must have been borrowed from the bank.

But no matter how they get their money, they just do it this way, and anyone who doesn't accept it can only bear it.

But now that Su Mo has become the chairman and drastic reforms are about to begin, the two of them are in a bit of a bind.

Especially when the value is increased and the shares are expanded in the future, the real money in their hands will turn into bubbles.

In fact, Lao Xu had thought about going public, but after seeing what happened to Li Hejun some time ago, he completely gave up the idea.

Just by looking after this film and television city, collecting rent from the crews and ticket sales every day, as well as some fees from the surrounding business district, he will never have to worry about food and clothing for the rest of his life. Why should he take the risk of wading into the muddy waters of the stock market?

But now he has no say. If Su Mo wants to do this, he can't stop him.

After getting Su Mo's confirmation, Old Xu became more determined in his thoughts.

"Chairman, if that's the case, I'm going to withdraw and transfer my paintings of Along the River During the Qingming Festival, Guangzhou Street, and Hong Kong Street to you. What do you think?"

Su Mo did not answer him immediately, but turned his gaze to Old Wu.

"Does Brother Wu think so too?"

Old Wu nodded immediately. Since Old Xu was about to withdraw, there was no point for him to stay here. He didn't have much bank loan, and just the 8% stake converted into cash would be enough for him to live a life of ease.

Su Mo had anticipated the two people's thoughts a long time ago, and today he came up to talk about reform passionately in order to force the two people to express their opinions.

The other party taking the initiative to express their opinion and making a request yourself are two completely different concepts.

If Su Mo took the initiative to acquire the company, these two people would definitely raise the price and rip Su Mo off severely before withdrawing.

But now that they have taken the initiative to propose it, the initiative is in Su Mo's hands.

It is a question of the order of languages, and the funds involved may be tens of billions. This issue is very important.

In order to achieve his goal, Su Mo can make the acquisition at a premium at Yida to avoid any further complications.

If Lao Wang realizes the future value of the cinema chain and Times City, the acquisition will definitely not be successful.

But after returning here, Su Mo will definitely not be so generous. He must make up for the loss he suffered from Lao Wang from them.

Su Mo's face stiffened a little: "Acquisition. My cash flow is not particularly sufficient. Besides, I don't have that idea. How can I exploit the years of hard work of two brothers!"

Old Xu said hurriedly, "It's okay, it's okay. We know the chairman has been spending too much recently, and his cash flow isn't that abundant. We can pay in installments." Old Wu nodded. "Yes, we're old, and we're really not suited to fighting in the stock market. Besides, how much money is considered enough for everyone? We'll sell our projects and retire from the world, watching the tides rise and fall, and live out the life of an old man."

"Then have you ever considered finding someone else to take over?"

Su Mo didn't let go and continued to control her.

Old Xu gave a wry smile. "Chairman, this isn't something that just anyone can afford. Our group's current valuation is over 49 billion, right? Our combined % stake is worth at least billion. How many people in China can afford billion? So, I have to turn to you for this."

Su Mo waved his hands hurriedly: "30 billion is too much, even if it is in installments, I can't afford it now. It's better not to take away someone's love."

Old Wu's mouth was almost foaming with anxiety. He immediately said, "Chairman, this isn't a bubble economy. This is all built with real money. There's not a penny of water in it. Thirty billion is absolutely the real price."

Su Mo shrugged: "I know, but the money is too much, there is nothing I can do."

"That shouldn't be the case. Chairman, your other businesses are truly golden gooses. Take Moyin for example. I've watched a few live streams, and the PK matches are terrifying. Some people really give gifts. Others give a thousand, and you only get 500. You must be making hundreds of millions every day from this alone. If you pay in installments, how much money can you afford to pay back?"

Su Mo continued, "You don't know, this is a huge business, and there are so many places to spend money. Su Tang is now in a period of rapid expansion, and they are asking for money everywhere. For example, the Youth Foundation, I invested another 1.5 billion in it, so there is money everywhere."

"You all know about Su Tang Entertainment's game development department. They've taken up two floors of our Golden Building, but they haven't produced anything all day long. All they do is ask for money, for R&D expenses."

"According to the group's statistics, Su Tang now has over one million employees. Do you know how much these people earn every day?"

Both Old Xu and Old Wu were stunned for a moment. They had never really calculated this.

Su Mo stretched out two fingers and shook them. "Two hundred million! My daily salary is two hundred million, and a lot of it is still unprofitable. For example, I don't know when the electric car factory will be able to start mass production, and the travel agency is still setting up its business. Do you think it's easy for me?"

Both of them were shocked by Su Mo's crying poor.

Two hundred million in employee salaries every day, that's a huge undertaking.

And they also understood what Su Mo meant, which was that they thought the price was too high.

They don't want to lower prices, but if they don't, they will face listing issues, and they don't want to bear the risk.

Especially when they heard that Su Mo's business was so big, and several of his companies were not making any money at all, wouldn't the risk of going public be even greater? If the capital chain broke one day, people like them who were in the same boat with Su Mo would definitely suffer.

The two looked at each other, and finally Old Xu sighed. His determination, which had not been particularly firm before, became firmer now.

"Chairman, how about this? We'll give you a discount, maybe 10%, and then pay it in three installments. You can pay us in full within two or three years."

Old Wu also nodded. This was something they had discussed before. Although it was only a 10% discount, it was still a saving of 3 billion yuan.

The original plan was for Su Mo to pay off the debt within three years, but Old Xu suddenly changed it to two years as he didn't want the money to be overdue for too long.

Unexpectedly, Su Mo shook his head and said, "It's still too much."

Old Xu was a little anxious this time: "Chairman, these are real things."

Su Mo interrupted him directly: "I know, but I can't delay that long, because I still have to manage the IPO. The debt news will make investors doubt the future of the project, and the China Securities Regulatory Commission will doubt the company's revenue capacity, which will lose investor confidence. If I want to do it, I have to study the IPO as soon as possible. Before the IPO, I can't have any debt in my name."

“So how long do you plan to go public?”

Su Mo thought for a moment and said, "The latest would be before the end of the year, and if it's faster, it would be autumn."

Old Xu and Old Wu's eyes lit up. "You mean the repayment period can be before the IPO?"

This was an unexpected surprise for them. No one wanted to wait so long to get their money back.

Su Mo nodded gently: "Yes, but the price must be lowered, otherwise I can't afford it. You know, in order to go public, I can't take any risks. I would rather not accept your project than affect the listing."

Old Xu and Old Wu were finally moved, and they even plotted for a while.

Finally, after several conversations, the three people reached a consensus.

Old Xu and Old Wu transferred all their projects to Su Mo at a 20% discount, 24 billion yuan.

Su Mo transferred money twice, the first time was 14 billion yuan, and the second time was 10 billion yuan.

The second transfer will be settled within three months.

The two parties signed a contract, Su Mo wrote an IOU, and did the notarization.

Su Mo also readily transferred 14 billion yuan directly to settle the first part of the money.

Seeing Su Mo being so generous, Lao Xu and Lao Wu actually thought that Su Mo still had a lot of money.

What they didn't know was that Su Mo actually only had 15 billion yuan left in his hands. After transferring the money to them, he would only have 1 billion yuan left.

Although Su Mo doesn't have much money anymore, the entire Hengdian Film and Television City, covering an area of ​​nearly 60,000 acres, now belongs to him. There are no other shareholders, it's exclusive!

(End of this chapter)