Chapter 25 Summary
At the end of July and the beginning of August, the eldest son of the Lei family, who had been dormant for more than two months, suddenly appeared on the trending searches in Hong Kong again.
The young and over-the-top leader of Kowloon Jianye once again spent 20 million to successively acquire entertainment records, an old record company in Hong Kong, as well as old newspapers Heung Kong Daily and Tiantian Daily.
No one expected that after Lei Yunrong invested heavily in the real estate industry, he would also invest heavily in the entertainment industry.
From film companies to theater companies, and then from record companies to newspaper companies, Lei Yunrong has initially completed the layout of the entertainment industry.
This also shows Lei Yunrong’s ambition for the entertainment industry.
Although other companies except record companies are not at the top of the industry, they are not weak in strength. If they develop in the future and leverage the linkage between them, they will definitely have greater industry influence.
In fact, Lei Yunrong knew that the news of the acquisition of these companies would be known to the outside world sooner or later, so in line with the principle of keeping the money from outsiders, Lei Yunrong arranged for Xiangjiang Daily and Tiantian Daily to be the first to report the matter.
Heung Kong Daily: Kowloon Jianye Lei Seng continues to expand into the cultural and entertainment industry. After the film company, it spent a lot of money to acquire entertainment records and Heung Kong Daily, which have the longest history and strongest strength in Hong Kong.
Tiantian Daily: Boss, how about shamelessly praising yourself?
Heung Kong Daily: I am telling the truth.
Tiantian Daily: I’m convinced, it seems that people engaged in politics and economics have become thick-skinned and others are avoiding them.
Sing Tao Daily: It seems that the two young brothers danced very happily after being bought. They are so ungrateful.
Ming Pao: I agree with the above, but I wonder if the news should be shared?
Xiangjiang Daily: Then why don’t you ask Jin Yong to come to us to write a novel?
Oriental Daily: Let you chat for a while first, and I will teach you how to report news later.
Sing Tao Daily: Bah, besides writing marginal news, what else do you do?
Oriental Daily: But my sales volume is higher than yours!
Sing Tao Daily: No one will look at you except the curious people, you are of no value at all.
Oriental Daily: But my sales volume is higher than yours!
Sing Tao Daily: Your appearance is simply a shame to the Hong Kong newspaper industry.
Oriental Daily: But my sales volume is higher than yours!
Sing Tao Daily: Get out of here~~
To say who was most hurt by the rise of Oriental Daily, it was Sing Tao Daily. Originally, Sing Tao Daily was the leader in the newspaper industry in Hong Kong, but it was robbed of a large number of customers by Oriental Daily and was stepped on by Oriental Daily.
Therefore, Sing Tao Daily and Oriental Daily have always been at odds with each other.
But if it is not dealt with, the news must still be reported.
The next day, major newspapers also reported the news, among which Oriental Daily's report attracted the most attention:
Mr. Feng Liulei is making plans in the entertainment industry again, and he is suspected of wanting to collect stamps from Hong Kong actresses!
Lei Yunrong: Damn it, how do you know my deepest thoughts?
Lei Yunrong also had this thought when he first came back from rebirth, but later he gradually realized that female celebrities are also human beings, and it is impossible for everyone to be willing to sacrifice themselves for money.
Therefore, Lei Yunrong gradually faded away from this idea. Of course, if he had this opportunity, Lei Yunrong would not miss it.
Lei Yunrong doesn't care much about the disturbing reports outside. Now he just wants to take a good rest and take stock of his operations during this period.
The first is the loan aspect.
At the beginning, I took out a loan of 40 million with 40% of the shares of Kowloon Construction and invested a total of 80 million with my own funds to buy gold.
As for why you don’t use leverage to buy gold if you know it will rise?
To put it bluntly, Lei Yunrong didn't dare. Although he knew that the gold price would rise, he didn't know how it would rise. If there was a fall during the period, it would be easy to lose everything if he added leverage, so Lei Yunrong still felt that he should be more cautious.
Then he used this batch of gold to make two unsecured loans totaling 80 million, so Lei Yunrong now has a total loan of 120 million from HSBC.
But don't worry, the gold Lei Yunrong purchased is now worth more than 120 million.
As for spending money, it seems that he spent a lot, and now Lei Yunrong doesn't seem to have much money in his hands.
First of all, it was the big one, with 48 million to buy the Lu Haitong Building, 15 million to acquire entertainment records, and then to establish the Oriental Cinema Chain with 18 theaters and to set up a film company, which also cost a total of more than 10 million.
Finally, the two newspapers, Xiangjiang Daily and Tiantian Daily, also spent about 5 million.
Therefore, Lei Yunrong went from taking a loan of 80 million from HSBC to having only more than 1 million in working capital now.
But the property Lei Yunrong acquired was also expensive.
A 13-storey Lei Ruide Building in Central, Hong Kong's largest record company Entertainment Records, an Oriental Cinemas chain consisting of 18 theaters, a film company and two newspapers ranked among the top ten in sales.
These companies that cost Lei Yunrong nearly 80 million Hong Kong dollars have not produced any profits so far, and even the Lei Ruide Building has depreciated in value.
But Lei Yunrong is not panicking. These companies are now on the right track and will slowly reflect their value.
As for the Lei family's family business, Kowloon Construction, the company is still developing step by step, and Lei Yunrong also injected some property and land assets into Kowloon Construction after receiving the support of his father Lei Juehua.
As for the changes in the shares of Kowloon Construction Company, it was all done by the two fathers and sons, which was just a formality matter, so now Kowloon Construction Company has a lot of assets.
In addition to its own construction machinery and professional employees, it also owns the Kowloon Kin Yip Building in Kowloon, but the land area is 80,000 square feet.
There is also the 30 acres of industrial land in Kwun Tong purchased by Lei Kwok-wa.
As for the acquisition, it included the Reed Building in Central, a headquarters building of Xin Entertainment Records in Shatin, covering an area of nearly 10,000 square feet.
There is also more than 10,000 square feet of land in the current Heung Kong Daily Printing Factory, also located in Kwun Tong.
Finally, there are eighteen theater properties.
Therefore, the theaters of Oriental Cinemas are all leased from Kowloon Construction, because after all, they are two companies, and the accounts must be clear. However, these two companies also belong to Lei Yunrong, and the rental fee is nominal.
This is also the asset that Kowloon Construction currently owns. In the future, these lands will definitely need to be rebuilt so that they can show their due value.
As for the China Bank Building, which is still in contact and negotiation, the price is still going back and forth.
But Lei Yunrong is not in a hurry, so Lei Juehua also behaves very calmly, so now the Chinese are becoming more and more anxious about buying properties.
However, Lei Yunrong did not have enough money and the gold had not yet been delivered, so Lei Yunrong also discussed with Lei Juehua that they could delay it.
After taking stock like this, Lei Yunrong found that there were still many companies acquired during this period, and it was time to stabilize the situation.
If the acquired company is not well run, no matter how ambitious it is to acquire more companies, it will be useless.
Besides, Lei Yunrong has no money to go to trouble anymore.
It just so happened that Lei Yunrong also wanted to relax. It seemed that he had not stopped since Lei Juehua was hospitalized.
But now that I think about it, it seems that I don’t have any special hobbies even though I have grown up. The only hobbies that can be considered hobbies are reading books or playing basketball.
In later generations, the way the second generation of rich people in Xiangjiang relaxed and had fun gave the public the impression that they were young models on yachts and going out to have carnivals at sea.
It is said that Lei Yunrong has been a rich second generation for so long and has really not had much fun. He does not have many friends among his peers. Now that he has taken charge of Kowloon Construction, he may have more interactions with their parents.
Therefore, if Lei Yunrong wants to ask people to play basketball, he may not be able to do so.
In addition, Xiangjiang is a place that is influenced by the country where the sun never sets. The most popular sport here is football.
There is a professional league in Xiangjiang, with dozens of football teams, large and small, and many celebrities are football fans. For example, Tan Yonglin and Zeng Zhiwei once formed a star football team.
For basketball, there is almost no such soil.
But speaking of football, if you have spare money in the future, you can still buy a football club. After all, football is the number one sport in the world.
This can not only preserve value, but can even increase social influence. Isn't that what Chelsea owner Abramovich does? It's just that Lei Yunrong doesn't have to buy a team like Abramovich does, which is a bit self-protective.
Of course, you can also buy an NBA basketball team, and just buy the Philadelphia 76ers, and continue to be the owner of the 76ers. Iverson has not yet won the championship.
Of course, this is all a matter for the future, and you should still work hard to make money now.
It seems that I have thought a little too far, and it seems that after thinking about it, I still haven’t decided where to go to play.
After being reborn, I unknowingly seemed to have lost the vitality of a young man. Now all I could think about was making money. It seemed that only making money could make me feel satisfied.
In this case, Lei Yunrong didn't force it. It would be good to go back and read a book.
Moreover, Lei Yunrong can't rest for a few days. His film company has finally begun to produce results. I wonder what will happen to Shao Daheng and Wrinkle Huai after the movie "The Ghost Horse" becomes a big hit in the Hong Kong film industry.
Chapter completed!