China Entertainment Times

Chapter 669 Drain from the Bottom! (The first update asks for a subscription!)
Jiangtai West Road, Chaoyang District, the new office building of Jingcheng Culture after reorganization.

After the mergers and acquisitions of Century Partners, Lhasa Group Portraits and Eighteen Culture, Jingcheng Culture held its first shareholders meeting.

More than a dozen major shareholders, including Sino Life Insurance, Huali Holdings, Song Ge, Lou Xiaoyi, Chen Xiayan, Wang Jinghua, and Tao Kun representing Chen Guofu, gathered in the new meeting room.

After Sino Life’s 24 billion capital injection, Huali Holdings, the original controlling shareholder of Jingcheng Culture, has become Sino Life.

The boss of Huali Holdings is a shareholder of Wanda, which means that Beijing Culture is basically out of the control of Wanda, which is what Song Ge hopes to see.

With the 24 billion in cash, three companies have been acquired in a row, and the business of film and television production and artist brokerage has been supplemented.

The ferris wheel culture on the announcement has also laid a solid foundation, otherwise Song Ge would not have dared to offer [-] million guarantees for "Heart Flower Road".

But for Song Ge, who is determined to be the top three in the industry, this is far from enough.

If you want to develop, you need a lot of money, whether it is an investment project or a publicity, you need money.

Jingcheng Culture is far behind the big companies, and it is too difficult to receive distribution business, especially movies with good box office potential.

There is only one way, and that is to issue with a minimum guarantee. Only by giving a higher minimum guarantee than several major companies can we get more projects.

This also requires money, and you have to do theater business, so you have to continue to pay.

Today's shareholders' meeting is mainly to determine the management of the major companies and Beijing Culture, as well as the subsequent fundraising.

There is no problem with the position arrangement. Sino Life and Huali Holdings do not interfere with the specific operations, but only ask for corresponding board seats.

Song Ge was elected as the chairman of Jingcheng Culture, and Ding Mingshan, the chairman appointed by the original major shareholder Huali Holdings, withdrew from Jingcheng Culture.

Lou Xiaoyi, former chairman of Century Partner, served as vice chairman of Jingcheng Culture, chairman and general manager of Century Partner.

Wang Jinghua, the former general manager of Shiba Culture, served as the director of Jingcheng Culture and the general manager of Galaxy Culture.

Chen Xiayin, the former editor-in-chief of Jiangsu and Zhejiang Satellite TV, served as the director and president of Beijing Culture.

Tao Kun, the general manager of Lhasa Group Portraits, serves as the vice president and director of Jingcheng Culture, and concurrently serves as the general manager of Lhasa Group Portraits.

In addition, there are seven or eight director seats, chief financial officer, vice chairman, vice president, chairman of the board of supervisors, supervisors, etc. A lot of positions.

Basically just follow the process and everyone is happy.

The next step is to raise funds. Sino Life has contributed 24 billion, which is still 33 million short of the originally agreed 9 billion.

Song Ge looked at Tao Rong, the vice chairman of the company, and asked with a smile, "Director Tao, when will the remaining funds from Director Zhang be available?"

Tao Rong is the sister-in-law of Zhang Jun, chairman of Funde Insurance Holdings, the parent company of Sino Life, representing Sino Life.

Under Song Ge's expectation, Tao Rong shook his head, "The fundraising of Sino Life Insurance was not very smooth. Of the previous 24 billion, 11 billion was raised from various places, and the remaining 9 million may be a bit difficult."

As soon as these words came out, Song Ge's expression changed.

Now is the time for the company to flex its muscles, and the promised 9 million funds will not arrive at this time!
Now the entertainment industry is booming, and major companies have entered the fast lane. Huayi’s market value has doubled in half a year. At this time, time is the most precious thing. Going with a market value of 500.

If you don't follow up when the industry is developing rapidly, it will be really difficult to catch up.

Not only Song Ge, Lou Xiaoyi, Chen Xiayan, Tao Kun, Wang Jinghua and others also frowned.

All of their companies have been acquired by Jingcheng Culture, and each of them has subscribed for a part of the shares of Jingcheng Culture.

Song Ge said, "Mr. Tao, as far as I know, Sino Life has not had any problems recently. What happened to the funds promised by Mr. Zhang?"

Although the promises in the business field are worthless, it is not that Song Ge has nothing to do with Sino Life Insurance.

Before entering the film and television industry, Song Ge was investing in the Internet. He used to be the legal person and chairman of Shuimu Xinghua, and Sino Life was the parent company of Shuimu Xinghua.

Sino Life Insurance also has a subsidiary company, Houde Fund, which supported Chen Yan's departure and self-reliance. After Song Ge left Wanda Film and Television, he invited Wang Jinghua. After being rejected, Houde Fund approached Wang Jinghua's most powerful assistant Chen Yan.

Song Ge knew very well what Wang Jinghua was like, and she would not be willing to bow her head to others unless she suffered any setbacks. Wang Zhongjun and Wu Bo never made her bow her head before.

If you want to move her roots, Song Ge wants to lure Chen Yan to stand on his own and make Wang Jinghua have a sense of crisis.

It's just that Chen Yan has never been moved, and Tang An helped him, which contributed to Chen Yan's self-reliance.

However, Song Ge is not worried that Wang Jinghua will see something. Although Shuimu Xinghua and Houde Fund belong to Sino Life Insurance, the two companies have nothing to do with each other.

It was precisely because of the relationship between Song Ge and Sino Life that he did not worry about the funds.

But now, Tao Rong actually said that the remaining 9 million could not be in place, which made it difficult for Song Ge to accept.

Tao Rong is Zhang Jun's sister-in-law, who also represents Life and Life, so it is almost impossible for her to be joking.

Looking at another director sent by Sino Life Insurance, the latter also nodded.

The lack of funds disrupted all Song Ge's plans.

But Tao Rong smiled again, "It will be very difficult for Sino Life to raise 9 million in cash for a while, but just the day before yesterday, Tang Dong of Hantang Media Group was very optimistic about our company and was willing to inject 9 million into the company."

When the word "but" came out of Tao Rong's mouth, Song Ge had a bad feeling.

Hearing the name of Hantang Media, Song Ge's face changed uncontrollably.

***
Song Ge couldn't help but say a word of national abuse in his heart. He never thought that Hantang Media would get involved.

Suddenly he remembered that at the premiere ceremony of "No Man's Land", Tang An was so happy to give up a part of the "Feng Shen" series with an investment of 15 billion to Beijing Culture.

It turns out that Tang An has long been planning to take a stake in Beijing Culture, and if Beijing Culture participates, it can be regarded as half of his own

***
After I figured it out, I felt another curse in my heart.

Like Song Ge, others were taken aback by the news.

Wang Jinghua was even more nervous than Song Ge, or panicked.

It was a common understanding that Tang An must retaliate against others, and Wang Jinghua joined Capital Culture just to prevent Tang An from retaliating.

But she never expected that Tang An would want to directly invest in Capital Culture!

This is the bottom line!
The action came so quickly, Wang Jinghua could even imagine that the next revenge would definitely come in a steady stream!
(End of this chapter)