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Volume 1 Chapter 623 Acquisition of UCT

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    On Easter, April 14th, in the Manor House Hotel in the West End of London, Lin Xiaozhi looked at the bald man in front of him with a smile.  The short, fat Swede chuckled and said in English: "Mr. Maersk, happy to work with you!" The white man looked older. This short, fat Swede was none other than PolyGram President Andersen Maersk, who was just over 50 years old this year!  Although his face was also full of smiles, it could be seen that Anderson Maersk was not in a very good mood, "Lin, I have to congratulate you for choosing the most appropriate time and allowing the board of directors to make the most wrong decision.  "The other hands of the two of them each held an agreement that had just been signed. The agreement had come into effect from the moment the black pen fell. PolyGram Records officially acquired UCT Academy in the UK just a few years ago.  The film was sold to Hong Kong's Media Asia Pictures Group, completely losing its influence on the British cinema market.  The strategy of diversified operations is the future strategy formulated by Maersk after joining PolyGram as its president.  Although the sale of UCT now has earned PolyGram a considerable return, the board of directors has decided to sell UCT, which means that his PolyGram diversification has had a leg cut off. It¡¯s strange that he can laugh out loud.  Woolen cloth.  In fact, in Europe, the role and power of the president in the entire enterprise group is still very large. Of course, the situation of PolyGram is somewhat special. The two largest shareholders are Philips and Siemens, two European electronics industry giants. Although there are others  There are some shareholders, but they are all small shareholders with little power (mainly shareholders of the original company that were merged during the acquisition of PolyGram). This means that the power and voice of PolyGram¡¯s board of directors must not be ignored by company executives.  .  ¡°Obviously, the major shareholders on the board of directors have become somewhat dissatisfied with him due to the decline in PolyGram¡¯s interests in the past few years.  In the end, in order to gain the support of the board of directors, Maersk chose to compromise, selling the UCT theater chain and making a huge profit to satisfy the board of directors, thereby continuing to support his diversification strategy that has yet to see any profit prospects.  However, because Maersk was unwilling to sell, it had no intention of contacting the media to attend the signing ceremony.  He held a signing ceremony in a low-key manner, and then applied to re-register UCT theater information with the government. This, one of the largest theater companies in the UK, became a property of Media Asia.  Lin Xiaozhi doesn't care about the dirty work of PolyGram's senior management. Winning UCT is a victory for him, and PolyGram has no plans to invite the media, but it doesn't mean that Lin Xiaozhi will hide it and not take advantage of such a good opportunity.  Publicity is really a waste.  So, the signing ceremony ended.  The next day, Chen Qiang was asked to hold a press conference as the president of Media Asia, and officially announced in London that Media Asia Pictures Group acquired the former PolyGram Records subsidiary with a huge investment of 325.7 billion pounds.  UK UCT Cinemas!  As soon as the press conference was announced, it immediately attracted media attention in the UK. Dozens of influential media in the UK sent teams to participate and gave a lot of space to reports after the press conference.  ¡°PolyGram Records sold off UCT Cinemas at a sky-high price and chose to exit. European cinema giants can breathe a sigh of relief!¡± - The Sun ¡°Hong Kong¡¯s Media Asia Pictures Group spent 325.7 billion pounds to acquire PolyGram  Acquire UCT and become one of the largest cinema operators in the UK! "¡ª¡ª"News of the World" "Hong Kong film's counterattack, Media Asia Pictures Group acquires UCT for 325.7 billion pounds, targeting the European cinema market!" - "  Manchester Times¡± Thanks to the continuous export of excellent works to the UK and Europe by Media Asia Pictures Group in the past few years, such as "Friends", "Leon", "Fight Club", "Red Alert",  Movies such as "Resident Evil" and "League of Assassins" are either hugely popular in Europe and the United States or a box office hit. Therefore, Hong Kong's Media Asia Pictures Group has already achieved considerable popularity and reputation in the United Kingdom, Europe and the United States, and is even still young in Europe and the United States.  There are many fans in the audience.  Thanks to the hard work in the past, Britain, which has always been known as arrogant and xenophobic, although many voices are surprised that PolyGram sold the UCT theater chain to a Hong Kong film company, you must know that Polygram  The diversified business strategy promoted by the record giant in recent years has attracted a lot of attention in European and American business circles, and the 325.7 billion pounds of funds are not easily available to everyone. At least in the UK, this  No studio could afford it.  Fortunately, I was surprised, but although there were voices of opposition, they did not form a mainstream voice.  Most of the media focused on PolyGram and the amount of acquisition funds, with repeated reports discussing whether Maersk's sale of UCT meant that he himself began to waver in the PolyGram diversification strategy he led.  In addition, only a small part of the media focused on the ability to easily withdraw 325.7 billion pounds in cash., Media Asia Group took over UCT Cinemas.  Raul Berends, the editor-in-chief of The Times, the most authoritative newspaper in the UK, personally wrote such an article, ""Friends", "Leon", "Fight Club", "Red Alert", "Resident Evil",  "League of Assassins," etc., among these films that have been released in the UK and even Europe in the past few years, are there any works that you are familiar with? " "Some of them are famous in film festivals and have been lingering in video rental stores for a long time?  Among the top 100; some have excellent reputations and have been praised by many authoritative European film personalities; some have topped the box office rankings of various countries soon after their release, and have won the heartfelt love of European movie fans; some of them have been released only a week or two.  Works that have topped the box office rankings in various countries and won the top box office rankings in many countries for the month! There is no doubt that these excellent movies are all produced by Hong Kong Media Asia Pictures Group. "" In recent years, mainstream media in Europe have continued to do so!  Speak out and admit that on the road to film commercialization, European local films are far inferior to those of the United States, and even inferior to Hong Kong films. Although Hong Kong is one of the most international metropolises in the Far East, its small city area and limited resources are doomed.  Its brilliance is based on a specific foundation, and its heritage, technology, and resources are far inferior to those of Europe. However, it is such a small place, but it shoots at least four to five hundred movies every year and continuously exports it to the outside world.  "In the past, we all believed that the success of Hong Kong films was based on the abandonment of complete commercialization of art and the low production costs unique to the Chinese. Many Hong Kong films that were able to enter Europe for various reasons were also  Most of them left the audience with a shoddy and unsightly impression. But now, we must see that Hong Kong movies still do not ignore the pursuit of humanity, art and imagination. They are constantly moving forward in innovation, absorbing the latest European and American films!  Film technology and shooting techniques, and equipment are constantly updated. While creating one successful film after another, it has also received amazing returns. " "Now, Media Asia Pictures Group, the strongest film giant in Asia, has invested huge sums of money.  Entering the British cinema market, whether we are willing to admit it or not, is a victory for commercial films and a victory for Hong Kong films" Not to mention the signed article by Raul Berendz, editor-in-chief of The Times - "Hong Kong  "The Rising Oriental Hollywood" has attracted much attention and discussion in the UK and even Europe. Hong Kong was still under British rule at this time, so many Hong Kong companies have set up offices in Hong Kong, and Hong Kong media is even more common.  The purpose is to send news happening in the UK to Hong Kong as soon as possible.  Lam Hsiao-chi's Media Asia spent huge sums of money to buy UCT Cinemas from the international record giant PolyGram. This acquisition can definitely be ranked among the top ten large-scale overseas investments by Hong Kong companies in recent years, especially the other nine Hong Kong companies.  Foreign investment is either buying land or investing in docks. Another analogy is even more eye-catching.  "Media Pictures Group spent HK$3.8 billion to acquire UCT, the British cinema giant!" The South China Times first reported the news. This English-language newspaper has always aimed to become a global leader in Hong Kong and even Asia.  The most authoritative English-language newspaper, it has set up multiple offices in the UK as early as the 1970s.  After it was acquired by the media giant Rupert Murdoch's News Corporation a few years ago, this area has been strengthened. Therefore, it was the first to spread this explosive news long before its competitor "The Standard" and other Hong Kong media.  After returning to Hong Kong, he quickly caused a huge sensation in the Hong Kong media and Hong Kong who were still looking for news about Princess Jin, Weihe, Tianmu and other film companies.  Lin Xiaozhi also owns many media outlets. Sing Pao, Ming Pao, Tian Tian Daily, Hong Kong Fortune, etc. are all newspapers and weeklies with huge circulation in Hong Kong.  At first, in order not to create any complications before signing the contract, Lin Xiaozhi even hid it from several of his media outlets. But after the dust settled, there was no reason to continue to hide it.  After finishing the press conference, he immediately asked people to notify the Hong Kong side, which included a lot of inside information.  Therefore, although "Sing Pao" and "Ming Pao" reacted slower than the "South China Times", they still exposed more accurate and comprehensive news to people in the first time.  "Spending nearly HK$4 billion to acquire British theater chains, Media Asia Pictures led the overseas investment of Hong Kong companies at the end of 1993!" "The global layout has been launched. Media Asia Pictures Group has spent huge sums of money to acquire British theater chains, completely opening up European release channels!"  ¡°The acquisition of UCT, a British theater chain owned by the international record giant PolyGram, for HK$3.8 billion made Media Asia become a giant in the British theater business!¡± ¡°Behind the unknown negotiations, PolyGram Records intends to counter-acquire Media Asia, which was ridiculed  You can¡¯t afford it!¡± ¡°Slowly promoting global expansion, Media Asia Cinemas¡¯ cinema chain has nearly 500 theaters in Hong Kong, mainland China, Japan, Southeast Asia and Europe, ranking among the world¡¯s first-tier cinemas!¡±   With the sudden revelation of Media Asia's major acquisition case, the Hong Kong media finally understood that Media Asia, which was recently exposed by the Hong Kong Economic Journal and the South China Morning Post, had exchanged foreign currency with the Foreign Exchange Management Fund, which manages Hong Kong's foreign exchange.  what for.  ¡°But the speculation that had already died down now has new doubts.  Media Asia's acquisition of UCT only used less than HK$4 billion in foreign exchange. However, media such as the Hong Kong Economic Journal exposed that Media Asia and Kowloon Bank applied for exchange of foreign currencies from the Hong Kong Exchange Management Fund, which was almost double this amount.  .  Does this also mean that Lin Xiaozhi is still plotting at least one overseas acquisition that requires a similar amount of funds?  !  With the acquisition of UCT by Media Asia, it became one of the largest theater companies in the UK. Not only did it bring another wave of attention and reports on Hong Kong movies, but more interested people also set their sights on Lin Xiaozhi. Soon,  After that, another big revelation was revealed!
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