After receiving Wu Mingxuan's instructions, Li Xue immediately took action and soon found a pretty good small and medium-sized theater chain. This year, there was a pain period because of the theater reform. Now, due to the global financial crisis and the sharp drop in housing prices, the parent companies behind many theater chains have a risk of capital shortage or even cash flow breakage.
Therefore, when he was willing to give a slightly higher market price regardless of cost, the acquisition intention was quickly reached. As long as China Film does not cause any trouble, it will naturally continue.
Wu Mingxuan also took advantage of the opportunity to hold a final banquet at the Beijing Hotel to specially invite Mr. Han San to come and talk about this matter. Not only Mr. Han San, but also theater giants such as Huayi, Bona, Shanghai United, and Southern Shinkansen.
At first I thought I was taking the opportunity to talk about the later movie release. I never thought that Wu Mingxuan wanted to acquire the theater chain that already had a movie license, and it had already been roughly agreed that as long as everyone had no objection, he could spend 800 million yuan to acquire UME.
At this time, UME had just obtained a theater license for less than two years, and there were only nine cinemas in total. However, because it was a new theater, it was the top in Asia in terms of facilities and decoration. It was teased by many people as a five-star theater, and it was all in prime locations in first-tier cities such as Beijing, Shanghai, Guangzhou and Shenzhen.
Of course, the theater chain itself is not worth the price, but the theater chain license is too valuable. If it weren't for the founder Wu Siyuan, who was a big shot in the film and television industry, had a great influence in Hong Kong and Taiwan, and was a member of the China Federation of Literary and Art Circles and a Justice of the Peace. He was awarded the Bronze Bauhinia Star by the Hong Kong government, this license would probably not be so easy to get.
But Wu Siyuan is one thing, and Wu Mingxuan is another thing. It is impossible for Wu Mingxuan to enter the market so easily because they are all surnamed Wu. Emperor Ying has not obtained a mainland theater license yet, so this issue must be agreed to.
Mr. Han San asked Wu Mingxuan with a slight smile: 800 million?Xuanzi, when did you have this wealth?
Oh, I am lucky. My previous income has been playing with oil futures. I kept buying up last year, and I kept shorting it again. I made more than one billion US dollars. Anyway, I still have money left. The market is not good recently. I plan to take it out to buy at the bottom and invest.
Not only did I plan to buy a theater chain, I also planned to take down the property rights of cinemas in China in terms of better locations. At this time, it is very cost-effective to invest in real estate. Later, I can make a lot of money by collecting rent every year.
It doesn't matter if you don't give it a chance. Wu Mingxuan directly bought the prime locations that he had the impression of first. After the lease expires, it's enough not to rent them to you. At that time, he can also spend some small money on the leading theater chain that has been fattened. At worst, he can spend money to redecorate it himself.
Cash is king during the crisis. Now the people here are not as rich as him. What should he be afraid of? So he said it out in a grand manner. The subtext is that you agree that I will enter the market now. I don’t agree that I will wait for a few years. Anyway, I have money now, so what should I worry about?
Originally, Master Han San thought this was what Emperor Ying wanted, but now after hearing Wu Mingxuan's words, he confirmed with surprise and incredible words: Xuanzai is no joke... ten hundred million... seven hundred million!!!
After seeing the bank balance that Wu Mingxuan showed him, Han Sanye was silent. Yang Shoucheng could not have given so much money to Wu Mingxuan to invest in theaters. Not to mention whether he has it or not. Wu Mingxuan is not his own son, and he is not even a nephew sn in law, so this is really what Wu Mingxuan earns when he invests in oil?
Many people know about the surge in oil before, but I didn’t expect that some of them would make a fortune by relying on this and seize the big wave of oil plunge in the global financial crisis. It is really enviable.
At this time, I want to call Wu Mingxuan Xuanzi again. Many of the people here can no longer call him. According to the latest Forbes Rich List of China Mainland Forbes Rich List, Wu Mingxuan can almost enter the top 30, and others are cash. As Wu Mingxuan said, cash is the king in the economic crisis. How many people can give out so much cash at this time?
It is precisely because no one else can make it out that Wu Mingxuan is so confident now. Even so, he is already very low-key. This is just one-third of his current net worth, and he is not even worth it. Anyway, he can't take advantage of the victory to expand his position. It's better to take out some of his profits and buy the bottom first.
Many people are very interested in the heavy money Wu Mingxuan has, and many of them have even had the idea of selling cinemas to Wu Mingxuan.
The financial crisis has just begun now, because the relationship between the Olympics is maintaining stability, but everyone here understands it. Once the Olympics end, it will definitely plummet wildly. Therefore, at this time, you must take action to reduce losses and risks, and no one will refuse.
Seeing this, Mr. Han knew that he could not stop him, so he nodded and agreed. He even took the lead in talking about theater investment with Wu Mingxuan to see if he had any idea of expanding theaters.
Wu Mingxuan was naturally not polite, so he took out a few electronic maps that had been prepared long ago, but the family didn't let it go, and the price was really crazy. The highest one was twice the market price, and the lowest one was 30% higher than the market price.
It’s an economic crisis now. Not to mention the market price, no one will buy it at a 10% discount. Some areas are very poor, as long as Wu Mingxuan is willing to take over, it can be a fracture or even a free transfer.
But Wu Mingxuan doesn’t want those theater chains. When he can get the money back, he will have enough money to buy another UME. Naturally, he would rather spend a lot of money to buy the best leading theater chain. Anyway, he has no property rights, how much money can it be worth?
Cooperate with the subsequent property rights, he will make a fortune if he doesn't move.
Generally speaking, these very profitable leading theaters are unlikely to be sold, but Wu Mingxuan's price is too sincere. It is still at this time that the state-owned enterprises that are not afraid of losses in China Film and Television are not afraid of losses. Many private enterprises have become interested in this regard and cannot be sold all of them. It is still possible to choose a few to sell them.
After all, there is only so much money, and it is impossible to buy all the cinemas. Big heads must still purchase property rights, so there will not be a lot, first come first served.
Therefore, when he was willing to give a slightly higher market price regardless of cost, the acquisition intention was quickly reached. As long as China Film does not cause any trouble, it will naturally continue.
Wu Mingxuan also took advantage of the opportunity to hold a final banquet at the Beijing Hotel to specially invite Mr. Han San to come and talk about this matter. Not only Mr. Han San, but also theater giants such as Huayi, Bona, Shanghai United, and Southern Shinkansen.
At first I thought I was taking the opportunity to talk about the later movie release. I never thought that Wu Mingxuan wanted to acquire the theater chain that already had a movie license, and it had already been roughly agreed that as long as everyone had no objection, he could spend 800 million yuan to acquire UME.
At this time, UME had just obtained a theater license for less than two years, and there were only nine cinemas in total. However, because it was a new theater, it was the top in Asia in terms of facilities and decoration. It was teased by many people as a five-star theater, and it was all in prime locations in first-tier cities such as Beijing, Shanghai, Guangzhou and Shenzhen.
Of course, the theater chain itself is not worth the price, but the theater chain license is too valuable. If it weren't for the founder Wu Siyuan, who was a big shot in the film and television industry, had a great influence in Hong Kong and Taiwan, and was a member of the China Federation of Literary and Art Circles and a Justice of the Peace. He was awarded the Bronze Bauhinia Star by the Hong Kong government, this license would probably not be so easy to get.
But Wu Siyuan is one thing, and Wu Mingxuan is another thing. It is impossible for Wu Mingxuan to enter the market so easily because they are all surnamed Wu. Emperor Ying has not obtained a mainland theater license yet, so this issue must be agreed to.
Mr. Han San asked Wu Mingxuan with a slight smile: 800 million?Xuanzi, when did you have this wealth?
Oh, I am lucky. My previous income has been playing with oil futures. I kept buying up last year, and I kept shorting it again. I made more than one billion US dollars. Anyway, I still have money left. The market is not good recently. I plan to take it out to buy at the bottom and invest.
Not only did I plan to buy a theater chain, I also planned to take down the property rights of cinemas in China in terms of better locations. At this time, it is very cost-effective to invest in real estate. Later, I can make a lot of money by collecting rent every year.
It doesn't matter if you don't give it a chance. Wu Mingxuan directly bought the prime locations that he had the impression of first. After the lease expires, it's enough not to rent them to you. At that time, he can also spend some small money on the leading theater chain that has been fattened. At worst, he can spend money to redecorate it himself.
Cash is king during the crisis. Now the people here are not as rich as him. What should he be afraid of? So he said it out in a grand manner. The subtext is that you agree that I will enter the market now. I don’t agree that I will wait for a few years. Anyway, I have money now, so what should I worry about?
Originally, Master Han San thought this was what Emperor Ying wanted, but now after hearing Wu Mingxuan's words, he confirmed with surprise and incredible words: Xuanzai is no joke... ten hundred million... seven hundred million!!!
After seeing the bank balance that Wu Mingxuan showed him, Han Sanye was silent. Yang Shoucheng could not have given so much money to Wu Mingxuan to invest in theaters. Not to mention whether he has it or not. Wu Mingxuan is not his own son, and he is not even a nephew sn in law, so this is really what Wu Mingxuan earns when he invests in oil?
Many people know about the surge in oil before, but I didn’t expect that some of them would make a fortune by relying on this and seize the big wave of oil plunge in the global financial crisis. It is really enviable.
At this time, I want to call Wu Mingxuan Xuanzi again. Many of the people here can no longer call him. According to the latest Forbes Rich List of China Mainland Forbes Rich List, Wu Mingxuan can almost enter the top 30, and others are cash. As Wu Mingxuan said, cash is the king in the economic crisis. How many people can give out so much cash at this time?
It is precisely because no one else can make it out that Wu Mingxuan is so confident now. Even so, he is already very low-key. This is just one-third of his current net worth, and he is not even worth it. Anyway, he can't take advantage of the victory to expand his position. It's better to take out some of his profits and buy the bottom first.
Many people are very interested in the heavy money Wu Mingxuan has, and many of them have even had the idea of selling cinemas to Wu Mingxuan.
The financial crisis has just begun now, because the relationship between the Olympics is maintaining stability, but everyone here understands it. Once the Olympics end, it will definitely plummet wildly. Therefore, at this time, you must take action to reduce losses and risks, and no one will refuse.
Seeing this, Mr. Han knew that he could not stop him, so he nodded and agreed. He even took the lead in talking about theater investment with Wu Mingxuan to see if he had any idea of expanding theaters.
Wu Mingxuan was naturally not polite, so he took out a few electronic maps that had been prepared long ago, but the family didn't let it go, and the price was really crazy. The highest one was twice the market price, and the lowest one was 30% higher than the market price.
It’s an economic crisis now. Not to mention the market price, no one will buy it at a 10% discount. Some areas are very poor, as long as Wu Mingxuan is willing to take over, it can be a fracture or even a free transfer.
But Wu Mingxuan doesn’t want those theater chains. When he can get the money back, he will have enough money to buy another UME. Naturally, he would rather spend a lot of money to buy the best leading theater chain. Anyway, he has no property rights, how much money can it be worth?
Cooperate with the subsequent property rights, he will make a fortune if he doesn't move.
Generally speaking, these very profitable leading theaters are unlikely to be sold, but Wu Mingxuan's price is too sincere. It is still at this time that the state-owned enterprises that are not afraid of losses in China Film and Television are not afraid of losses. Many private enterprises have become interested in this regard and cannot be sold all of them. It is still possible to choose a few to sell them.
After all, there is only so much money, and it is impossible to buy all the cinemas. Big heads must still purchase property rights, so there will not be a lot, first come first served.