My Lord, you need to stand up!

Chapter 868 A mountain of squandering wealth

In the end, it was still HK$200 million.

But Wei Dong took advantage of the situation and bought all four cinemas.

It's obvious that Uncle De has completely lost the passion for making cinemas and television stations.

Chi Shih-ming knew that the entire family had always opposed Uncle Tak's plans to run a movie theater and a television station.

Even though the family made their first fortune by working at the movie theater.

It's purely Uncle De's own hobby.

Jenny's second brother has already made the commercial center very successful. Right now, the most profitable business in Hong Kong is real estate. Why bother with all this other nonsense?

In the past few years, we invested 200 million yuan to acquire cinemas, and then spent another 200 to 300 million yuan on operations and renovations, resulting in losses. We even sold several cinemas before finally managing to make a profit of a few million yuan.

This kind of business has no future at all.

In a city with a population of several million, it's really difficult to make a profit when two TV stations are desperately producing their own dramas to compete with each other, no matter how hard they try to keep costs down.

So the second wife, who was sitting on the other side of Uncle De, didn't say a word.

She strongly opposed exchanging the four cinemas controlled by her son for Jenny's second brother's development of the Shanghai Commercial Center.

That would mean her son would be in charge of developing a commercial center in downtown Shanghai.

At that moment, Chi Shiming was pinching Wei Dong's buttocks hard under his seat, signaling that it was okay!
That second son is much easier to deal with than Jenny's second brother; he'll be ours from now on!
Wei Dong sighed inwardly, and as he left the theater, he sneered at Qin Yuye and Shen Cuiyue: "What a load of rubbish! Faced with such selfishness, they can only collapse!"

Originally overjoyed, his wife pouted so hard that she could hang Wei Dong on her lips.

Three years ago, the colorful denim business, which had been leaking through Uncle De's fingers and was worth 30 to 40 million, was just used as bargaining chips by Rang Weidong and Qin Yuye.

What they're after is billions of dollars worth of real estate.

Wei Dong did indeed repay the commercial centers of Jiangzhou and Shanghai.

Even if you haven't earned much yet, the return will definitely be more than ten times in the future.

The old foxes were all calculating the future that Wei Dong had described.

Because they experienced it in the 1960s.

At the time, it was quite humiliating to go to the jeans company at that TV station to take over.

I never imagined that three years later, I would be able to acquire the entire television station!

Qin Yuye had unwavering faith that Wei Dong could make the TV station a success. Back when they first met, hadn't this guy mentioned organizing some kind of beach or desert island beauty pageant reality show?

But after all these years, Wei Dong's mindset has long since evolved into that of a lord, so why would he bother with a beauty pageant?

He's only willing to take over this TV station because it's a powerful tool to influence more Hong Kong citizens.

I barely slept a wink all night!
They signed various agreements and contracts overnight and submitted an application to change the major shareholder before the stock market opened.

You also need to submit a change application to the HK Broadcasting Authority, which involves quite a few procedures.

To avoid scrutinizing the fact that Rang Weidong's temporary ID card had not yet been officially valid during the review process, it was natural to put all ownership under Rang's wife's name.

Qin Yuye couldn't contain his smugness.

In fact, the total market value of ATV is less than HK$200 million, and the Tak family's controlling stake is only over 70% after the listing.

Several families are already eager to acquire it, and even TVB has inquired about the price.

Uncle De was enraged by this humiliation from his opponent.

Therefore, in addition to requiring Jenny to guarantee her lifetime directorship and bonuses, she is absolutely prohibited from engaging in joint ventures or collaborations with TVB.

What he wants is for ATV to do everything in its power to stop TVB from becoming a monopoly.

Chi Shiming clicked his tongue in regret: "Why didn't we just hand it over to you guys to take care of, like we did with the jeans?"

Qin Yuye's lips curled up sharply: "If we were to manage it, we probably wouldn't be able to get those two hundred million. Besides, this is a listed company. We have more ways to lower the stock price and market value before making the acquisition."

Stroke patients have limited physical strength and simply cannot stay up all night like young people.

Finally, the TV station executives, who had rushed to the law firm upon hearing the news, accompanied the new owners, a couple, to the TV station with mixed emotions.

The sheer size of the procession was truly terrifying for them.

First, hundreds of South Asian security guards in uniform arrived at the TV station from the moment the contract was signed, surrounding it every three steps, ostensibly to prevent criminals from causing another fire.

Then, Rong Gu and Jiang Jialing, who were familiar with the affairs of the TV station, led a group of clerks into the TV station and began to take over and inventory the equipment, materials, items, and financial data of each department.

The Deer family's popular rule of not allowing more than four sheets of toilet paper in the office restroom ensures that everything is kept very tidy.

This immediately drew cheers from all sides!
Finally, the top-notch feng shui master who accompanied Mr. and Mrs. Wei Dong to their arrival immediately made adjustments to the entire office area, and even specifically requested that the logo be changed.

Then look at the many film industry figures who followed, including Leung Ka-fai, especially Stephen Chow, whose movie had just started showing that night, which made almost all of ATV's contracted artists rush to meet the new boss.

The higher-ups must be openly worried about being completely replaced. They accompanied him very attentively as he entered the television station.

This is the place that Wei Dong visited briefly when he first came to Hong Kong to take over the Colorful Cowboy brand.

It's not far behind Yau Tsim Mong, which belongs to Kowloon City.

It's located on a hillside in the city, where five television and radio stations are located, and it's commonly known as Wutaishan.

When Leung Ka-fai was at his lowest point, he would walk several kilometers from Tsim Sha Tsui to pick up Jiang Jialing from get off work.

It's now packed with handsome men and beautiful women!
Some were dressed in ancient costumes or modern clothes, clearly working overtime on set; others smelled of alcohol, perhaps having been partying and drinking with friends all night.

Anyway, once they heard the news, they all rushed over to welcome the new boss.

All sorts of gazes converged.

Those who are as anxious and worried as the higher-ups are a minority; most people are still passionate about showing their best side.

Even if they have no intention of selling themselves, they still hope to be noticed and favored by the new boss.

They've all started performing for money, and most of them have lost all sense of boundaries.

But right now there's TVB next door, so if it doesn't work out here, it's not hard to find another place to eat.

It's better to sell it sooner rather than later.

Instead of making any intimate declarations of ownership, Qin Yuye stood behind Rang Weidong with a smile, arm in arm with Shen Cuiyue, glancing at the beautiful faces of the women and whispering comments in each other's ears.

At this moment, Wei Dong's eyes were not scanning for beautiful women; he was constantly thinking about what to do.

Seeing Cheng Lang mysteriously reassessing the feng shui, a team of South Asian porters immediately came in to make adjustments.

He then addressed the three or four hundred people who had gathered: "ATV will definitely make major changes. Currently, the two channels are expected to be adjusted to ATV News Channel and ATV Variety Channel."

The room immediately erupted in noise. At the beginning of the year, ATV had just made some adjustments to its Chinese and English channels. Why was it changed again?

Then came the radical changes: "The information desk will emphasize news and international information, especially technology and business information. We will station news units in Citibank, Japan, Europe, the Middle East, and the mainland, so that all Hong Kong citizens can clearly know what is happening in the world from morning to night and how we should embrace this new era..."

This definitely caused quite a stir, mainly because the staff were excited. This kind of information is very high-class, and professionals have many opportunities to go out and broaden their horizons, which is much better than staying in the station every day filming TV dramas.

Those at higher levels should frown. The news channel sounds impressive, but where does the money come from?
The actors were mainly surprised; this meant the main channel wouldn't be airing dramas anymore?!
So where do we go from here?
There aren't many opportunities left: "The variety channel will mainly focus on various variety shows, sports events, music videos, and travel programs. In short, from now on, Asia Television will no longer focus on producing dramas and will no longer be caught in huge low-profit competition..."

I could barely hear what was said after that.

They all started making a ruckus.

The actors were completely dumbfounded; were they all going to lose their jobs?

ATV still holds beauty pageants every year and signs up beautiful women to be its leading ladies. Several of these leading ladies have been famous for several years and are the last piece of the paddle that is holding ATV up. Are they going to remove them completely?

They immediately started chattering and making a ruckus.

The actors could also see that Qin Yuye and the others standing behind them were also full of surprise. Even though they quickly regained their composure, it still showed that they were unaware of this change.

The top management felt that the entire internal structure was about to collapse instantly.

This is pure amateurish blundering. How could they make such a radical and disruptive change, completely destroying the foundation of the TV station?

Wei Dong raised his voice several times to try and speak, but he couldn't control the situation.

Qin Yuye's sharp voice still snapped, "Anyone who causes trouble again will be fired immediately and will have no chance to join the film company!"

Only then could everyone piece together the scattered scene and listen attentively.

Wei Dong once again admired his wife's intelligence. They hadn't actually discussed it, but Qin Yuye's ability to guess this was already very close to his thinking.

After all, just by looking at them casually, several of their faces later became famous actors in Hong Kong films.

"That's right. We currently have about ten film contracts with Chow Yun-fat, and our own film company offers various filming opportunities. We'll shift the actors' focus to the film company, which will lead to higher incomes for everyone..."

After a slight pause, he continued: "Of course, not everyone is suited to making movies. Therefore, news channels and variety shows will need a large number of hosts and variety show actors. In the future, everyone's work will no longer be limited to making TV dramas, but will be done in the same way as making TV dramas!"

Everyone then began to look at the new boss with utter astonishment.

The old security guard had also watched a lot of variety shows: "The simplest thing, of course, is for you two to take people all over the city to go around and check out the best food, so that all the citizens know where the good food is and where the bad food is. As a result, the restaurant's business will improve. Shouldn't you give them some compensation for their hard work?"

This is somewhat similar to a restaurant review.

"Or you two could take your camera and travel all over Southeast Asia, figure out where to go, how to do it, what pitfalls to avoid, and how much to spend to have a good time. Shouldn't travel agencies then warmly invite you to go?"

The "internet celebrity tourism" model has also emerged.

"You seem to like dancing, right? You even set up a dance studio and have fifteen minutes of various dance performances every day, so that the whole city can come and see your figure..."

Last year's Miss ATV winner, sporting a pair of bright lights, looked surprised and shy.

His wife, standing behind him, couldn't help but click her tongue in surprise and asked, "When did he see that?!"

(End of this chapter)