Only after being reborn did I realize how fascinating the world of the rich is.
Chapter 382 The Li Group's 2009 Year-End Summary Meeting (3)
After hearing Tang Shanshan's words, Li Xiaofeng smiled and nodded.
"Shanshan's words are very insightful. This batch of real estate is indeed the group's most core and high-quality assets at present. It cannot be sold off unless absolutely necessary."
As for repaying bank loans, as I just mentioned, the best course of action is to communicate with the bank and ask them to extend the loan term. If that doesn't work, we can sell some of our shares in Wanzhong Media.
This is also a major reason why I was so eager to boost the stock price of Wanzhong Media!
In addition, I also plan to use the profits from external investments to cover bank loans. For example, the investment in the Qin Group should be profitable.
Besides, Shanshan, your Kang Le chain gym is also one of my backup plans, which is the main reason why I want you to get Kang Le chain gym listed as soon as possible.
However, when we go public, Kang Le chain gyms will have to separate from "Kunlun Peak". I plan to sell the gyms, not all of them.
The gym industry has too low barriers to entry, making it a dead-end business. While freestyle fighting clubs are harder to run, at least they have barriers to entry, and there's also the potential for collaboration with Top Media.
Currently, besides Wanzhong Media, the only profitable company in the Li Group is Kang Le Chain Gym and the "Kunlun Peak" free fighting event under the gym.
In addition to ticket revenue, the "Kunlun Peak" competition also generates revenue from advertising, television broadcasting rights, and can be uploaded to Dingdian Film and Television Network.
However, Li Xiaofeng had no intention of transferring profits from the gym to the parent company. Apart from continuing to expand the gym, the remaining profits were invested in the free-fighting club project.
The investment in this area mainly involves the establishment of a large-scale free fighting club. In addition to training current fighters, the club has also trained many young athletes to avoid a future shortage of talent.
Then, Li Xiaofeng smiled and said to Tang Shanshan, "After Kang Le Fitness Center goes public, you can come to the group headquarters and help me manage the entire group."
As for Kang Le, I'll find a suitable buyer to sell it, or simply dump all the shares on the stock market, making the company a company without an actual controller.
His words were tantamount to announcing Tang Shanshan's identity as the president of the group in advance.
"Sister Shanshan, congratulations!"
"Sister Shanshan, congratulations on your upcoming promotion!"
"........"
Several women congratulated Tang Shanshan in unison, and Tang Shanshan said somewhat shyly, "Look at what you're saying. We're all sisters, and we're all working for the development of the Li Group. We just have different roles."
At work, we each do our own job, but in our private lives, we're all sisters, nothing special. The most important thing is that we stick together and don't let that scoundrel Xiaofeng bully us!
After she finished speaking, the women all laughed.
Li Xiaofeng chimed in, saying smugly, "Women are born to be bullied by men, and you are born to be bullied by me!"
Several women then burst into laughter and scolding at him.
After a while of commotion, Li Xiaofeng smiled and continued, "The domestic economy is developing rapidly now, and the overall environment is quite good. At this time, the group's development cannot be too hesitant; it must keep up with the times."
It's important to understand that no country or region's economy can maintain high-speed growth indefinitely. If you don't make money during periods of rapid economic growth, you'll make even less money when the economy enters a downturn.
Liu Qianqian said with some concern, "Xiaofeng, our current shareholding in Wanzhong Media is high enough, so of course there's no problem. But if the loan amount is too large, in order to repay the loan, Wanzhong Media's shareholding will inevitably have to be reduced significantly."
What if someone tries to hostilely acquire us?
Li Xiaofeng smiled and said, "A hostile takeover has a prerequisite: that is, we do not have enough funds to cope with the takeover attempt."
Furthermore, since it is a listed company, others can buy its shares on the stock market, and so can we. The group's lack of cash and the group's lack of money are two different things.
Once the group recovers, it can try to buy back the shares. In fact, Wanzhong Media has already set a precedent; anyone who dares to mess with Wanzhong Media should think twice.
Then, he turned to Fang Huiya and asked, "Huiya, how is Dingdian Media doing now? Does it still need the group's support? Especially Dingdian Film and Television Network, will it be able to achieve profitability next year?"
Fang Huiya said seriously, "Currently, the number of members and advertisers on Dingdian Film and Television Network is growing rapidly, but it will still take time to achieve profitability."
However, given the large number of projects at Vertex Media and its excellent profitability, Vertex Media should have no problem achieving profitability next year, based on its current scale and growth rate.
Especially in variety shows, although the competition is fierce now, we have gained an early advantage in the reality show market, and the ratings are still quite good. Advertisers also recognize the value of our programs.
More importantly, we've begun to expand our peripheral businesses on a large scale, such as combining variety shows with online and offline tourism destinations. Previously, we had to pay for our filming locations; now, they're paying us!
Then, Fang Huiya said to Li Xiaofeng with a smile, "In addition, we are also very good at attracting film and television resources. Many talented artists have signed contracts with us."
Especially those two beauties you've wooed, Zhang Xueqi and Liu Ying, are both quite good. Zhang Xueqi, in particular, has both good looks and acting skills. If you promote her well, she will definitely become one of the company's two leading beauties, along with Yang Bing.
As for Liu Ying, she's quite good too. At least her looks are still very appealing, and she's quite outgoing on variety shows, which makes her very popular with young audiences.
Li Xiaofeng said irritably, "What do you mean I lured them here? They clearly saw how well we were doing and came to join us on their own initiative."
Then, Li Xiaofeng said in a slightly serious tone, "By the way, Huiya, I heard that some people in the film and television industry in Beijing are very dissatisfied with us and seem to be banding together to fight against us!"
Fang Huiya nodded and smiled, saying, "Yes, originally most of the resources in the film and television industry were concentrated in Beijing, with those few veteran directors as the core."
Now that Dingdian Media has been established, many artists have signed with us, which has somewhat hurt their pride. The core issue is still the competition for film and television resources.
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