Vicious dogs in Hong Kong, entrepreneurs practicing evil cultivation

After more than a week of wrangling!

Liu Jinghua agreed to sell a 30% stake in "The Big Boss" for $35, making it the second Bruce Lee film controlled by The News after "Fist of Fury".

Li Xiaolong holds a 45% stake in "Enter the Dragon," but securing a 60% share of the global box office is a more difficult matter.

狺讯报社给出500万美元的全球预估票房，按60%收益计算为150万美元票房收益，再溢价13%开价170万美元收购。

This guy is bursting with confidence, offering a whopping $10 million, especially considering that "Enter the Dragon" has grossed nearly HK$5 million in Hong Kong since its release on December 30.

Chen Guanjiang was too lazy to waste words with him and temporarily gave up on acquiring "The Way of the Dragon".

The other investors in "Game of Death" didn't care about such things and all accepted the offer of $700 million in estimated global box office revenue.

At a premium of 13%, $79, they acquired a 20% stake in scattered parts of "Game of Death." Golden Harvest, acting as an intermediary, earned $1, for a total cost of $80.

Warner Bros., on the other hand, is quite interesting.

They agreed to sell "Enter the Dragon" and "Game of Death," both of which are projected to gross $700 million worldwide.

Warner Bros., which owns 70% of "Enter the Dragon," sold the film for $276 million, a 13% premium.

Warner Bros. America held a 30% stake in "Game of Death" and sold it for $118 million at a 13% premium.

but!

Warner Bros. did not accept cash, but instead demanded stock of The News and to acquire ownership of both films.

Based on last night's closing price of HK$10.6 per share, the newspaper needs to exchange 210 million shares for ownership of two films worth US$394 million (HK$2226 million).

Chen Guanjiang had no objection to this, and the newspaper repurchased 210 million shares in exchange for ownership of the two films.

in this way!

The newspaper officially acquired ownership of the four films except for "Enter the Dragon" (60%), as well as a 40% stake in "Enter the Dragon".

The deal involved $35 to Liu Jinghua, $80 to individual shareholders of "Game of Death," and $394 million to repurchase company stock in exchange for the rights to the two films, for a total cost of $509 million.

The company issued 2500 million shares, raising HK$6750 million, or US$1195 million. The proceeds were split into two transactions: US$650 million and US$509 million, leaving the account with only US$36.

As expected, as soon as the news broke, the share price of the newspaper surged by HK$1.6 to HK$12.2 per share, bringing its market capitalization to HK$3.1 million.

This market capitalization is nothing to a real estate company, but it really startled its peers.

To know!

As the first listed newspaper in Hong Kong, Sing Tao News Corporation's market value was only HK$2.83 million before the Lunar New Year.

Thanks to the inflow of HK$94 billion in January this year, the share price was raised to HK$3.73 million.

When the news agency went public, its market value was only HK$1.12 million. It reached HK$2.1 million in just one week and HK$3 million in the following week.

One hundred million a week?

Sing Tao Daily Chairman Hu Xian'er never imagined that a newspaper could operate in this way, living up to the name "Media" in its name.

Hu Xian'er had noticed this unconventional newspaper when it first gained popularity.

After realizing that entertainment news could be profitable, Sing Tao Evening Post also launched a film and entertainment section.

Although the newspaper's reporters cannot compare with the gossip paparazzi of the newspaper in terms of professionalism and skills, they have at least secured a certain market share due to their size advantage.

When "Financial Express" was gaining momentum, "Sing Tao Daily" also increased the proportion of its financial section and used its size advantage to force "Financial Express" to quickly publish its newsletter to create an information gap.

It's still thanks to their physical advantage!

Hu Xian'er was confident that she could gradually squeeze out the survival space of the Ming Pao newspaper. The failure of Ming Pao and Oriental Daily News during their rise must not be repeated.

Even though the news agency used a strategy of retreat to advance, exchanging horse racing tips for dog racing tips to gain a foothold, Hu Xian'er didn't take it seriously.

Back then, "Double Horse" introduced greyhound racing to lottery games and associated with companies such as the Haojiang Yiyuan Greyhound Racing Company. This earned them the approval of Ho Hin and enabled them to open a restaurant inside the Lisboa Casino.

Oriental Daily News handed over its Dog Management team and connections in Yat Yuen to the Yat Yuen newspaper. This solid foundation, which no other newspaper could shake, was limited to this.

Greyhound racing has been declining in recent years, ultimately falling short of horse racing in Hong Kong, while political news remains the mainstream of global media.

totally unexpected!

The newspaper, The News, actually boosted its stock price by acquiring movie box office revenue, turning a seemingly hopeless situation around.

For the first time, HK$3672 million was used to drive a market value surge of HK$4500 million;

The second time, HK$2875 million was used to drive a market value surge of HK$4000 million;

Anyone who sees this will have to say that this deal was worthwhile. Regardless of the final box office performance of the five films, the newspaper has already made a fortune.

More importantly, other companies cannot imitate it. Bruce Lee's films naturally have room for hype. Including the two films currently in production, the News Agency has already bought all five of these films.

Shaw Brothers itself is a publicly listed company, and the box office performance of its films is essentially a gamble. Moreover, it has distribution capabilities in Southeast Asia and Europe and the United States, so there is no need for it to acquire other people's films.

Now, thanks to its IPO, the news agency is fully capable of generating revenue, and its five films can continue to provide financial support.

Even if Sing Tao Daily were to destroy Hyena Weekly and Financial News, Hyena News could still survive thanks to the ability of Wong Dog Daily to generate revenue and recover.

In other words, it couldn't be contained anymore.

No matter how much suppression it faces, by seizing market share through sheer size, the newspaper has the right to survive in the newspaper market.

While holding the position, Chen Guanjiang launched a fierce attack on the outside, which is exactly what he did.

Inside the office of the Koo News Agency.

Chen Guanjiang slowly pushed out a document and asked, "Zhou Sheng, now that things have come to this, do you still need to reconsider?"

"No need."

Zhou Zhanqiao generously signed his name on the "Notification of Appointment of Director".

According to the Prevention of Bribery Ordinance and the Police Ordinance, the Commissioner of Criminal Investigation may not accept any company directorship or remuneration without general or special permission.

Since Zhou Zhanqiao agreed to serve as a director of the Yanxun News Agency, it meant that he had to resign from his position as head of the Criminal Investigation Department.

In fact, the situation is already very clear.

Governor Murray MacLehose decided to merge the police force into the military system, taking multiple measures to thoroughly clean up the chaos of the 50s and 60s.

With the backing of his family's power, Zhou Zhanqiao didn't need to get his hands dirty, and those filthy things wouldn't find him. But once he was incorporated into the military, he was destined to lose power.

Thus, Zhou Zhanqiao had no choice but to find a way out, and Chen Guanjiang had already tailored one for him.

That is to use the Criminal Investigation Department as leverage to join the Yanxun News Agency and take control of the "Shun Gou Daily," launching a challenge to the political news field under the newspaper's name!