章節 273: Chapter 273: 10% Equity
"Mr. Xia, I've heard that the renowned Jiuding Media Group, which is famous in both Hong Kong and Southeast Asia, is one of your companies. It's quite impressive to see someone so young achieve such a dominant position in the industry. Even this old man feels somewhat embarrassed in comparison!"
Wu Chengde began the conversation with a sense of admiration.
"Yes, Mr. Xia, you wouldn't believe it. After learning about your company, I was so stunned that I could barely speak. Compared to you, I really wanted to find a hole to hide in," Wu Hongyi quickly chimed in, his expression full of genuine amazement.
"Ha ha, just a bit of minor success, it's all due to luck. Not worth mentioning, not worth mentioning!" Xia Yu chuckled, waving his hand modestly. Internally, however, he became alert. Wu Chengde's mention of Jiuding Media Company had a deeper meaning. He needed to watch how this conversation would unfold.
"Mr. Xia doesn't need to be so modest. In terms of newspapers and magazines, you've already reached the top. In Hong Kong's view, you are the media king! Your control over public opinion is top-notch!"
"However…"
Wu Chengde's praise took a sudden turn, making Xia Yu's eyes narrow.
"Here comes the crux of the matter!" Xia Yu thought to himself.
Even Wu Hongyi swallowed his words, looking intently at his grandfather, eager to hear what he was about to say.
"Your media sector is indeed powerful, but there is a significant gap— the lack of a television station. This is, unfortunately, a regret."
As Wu Chengde spoke, he showed a look of regret, as if he was genuinely concerned for Xia Yu.
Xia Yu became cautious, but his face remained calm. He was pondering Wu Chengde's intention.
Wu Chengde wouldn't be wasting words. Having skillfully steered the conversation to this point, he certainly had a plan. Xia Yu decided to play along, keeping his guard up.
Feigning a pained expression, Xia Yu shook his head and sighed, "A television station isn't something you can easily manage. I'm quite aware of my limitations."
Xia Yu's expression seemed genuine, but Wu Chengde wasn't convinced. Internally, Wu Chengde sneered but maintained a smiling facade as he said, "As it happens, I hold a 10% stake in Hong Kong's Li TV. Recently, someone tried to buy it from me, but since you're a friend of Hongyi and your career is related, I decided to keep it for now."
Wu Chengde's demeanor was as amiable as a kindly old man, but Xia Yu's eyes narrowed, sensing the hidden meaning behind his words.
"Did HSBC leak information about my interest in acquiring Li TV? Or is it truly a coincidence that he happens to own 10% of the shares?"
"Why does he think I'm interested in acquiring Li TV? Or is he just mentioning it casually?"
Xia Yu pondered quickly and dismissed the possibility of coincidence. Given Wu Chengde's smiling demeanor, Xia Yu concluded that he was intentionally bringing this up.
This meant that Wu Chengde truly believed the 10% stake in Li TV would be valuable to Xia Yu!
Considering that London's Li TV holds 61% of the shares in Hong Kong Li TV, and the remaining 39% are scattered, it's plausible that the 10% owned by Wu's family in London fits.
HSBC had been assisting Xia Yu in acquiring shares and had likely contacted the Wu family. Given Wu Chengde's cunning, it wasn't impossible for him to piece together that Xia Yu might be interested!
However, this wasn't the time for such speculation. The key was Wu Chengde's intention behind offering the 10% stake.
Xia Yu thought Wu Chengde wasn't trying to threaten him. Instead, the 10% stake was likely intended as a gesture to ease tensions between Xia Yu and Wu Honglin.
Otherwise, if Wu Chengde suspected Xia Yu's interest in the acquisition, he should have known that 10% wouldn't pose a threat. With Xia Yu's current 72% shareholding, gaining controlling interest meant he could easily dilute the small shareholders' stakes.
So the 10% stake was more likely an olive branch.
Indeed, as Xia Yu was considering this, Wu Chengde's butler, Ah Fu, handed Xia Yu a file from a bag, smiling all the while.
Xia Yu glanced at Ah Fu and then at Wu Chengde, who was smiling and nodding.
"Mr. Xia, please feel free to open it!"
Xia Yu took the file with a smile and opened it, pulling out the documents. He immediately recognized it as a share transfer agreement.
He quickly skimmed through the document and noted the key details.
"Hong Kong Li TV… 10% equity… transferred to (Party B) Xia Yu… price of 1 pound?"
Seeing the transfer price at the end, Xia Yu frowned and looked up at Wu Chengde.
Noticing Xia Yu's gaze, Wu Chengde smiled and said, "Mr. Xia, are you satisfied?"
Xia Yu averted his gaze, chuckled lightly, and carefully returned the transfer agreement to the envelope. Shaking it lightly, he said with a smile, "Old Mr. Wu is indeed generous, I'm impressed!"
At this moment, the 10% stake in Hong Kong Li TV was valued between 8 million and 10 million Hong Kong dollars, or about 1 million pounds.
Wu Chengde casually offered this 1 million pounds' worth of equity, a considerable amount, but Xia Yu was not impressed. Considering that a million pounds in that era had the purchasing power equivalent to ten times that amount today, and given the significance of the equity, Wu Chengde's gesture was more substantial.
"It seems Wu Chengde really wants to reconcile with me," Xia Yu thought with a cold smile. "But with just 10% equity, worth only about 1 million pounds, it's not that significant to me now. Wu Chengde probably didn't expect me to be so wealthy. He underestimated me!"
With the Argentine "Tango Legion" winning the World Cup, Xia Yu became immensely wealthy overnight, making even more money than a few days ago. Although the funds were still being deposited, it was estimated that he had acquired over 100 million pounds from the World Cup, equivalent to over 1 billion Hong Kong dollars.
With such substantial funds, Xia Yu was naturally less concerned about the 1 million pounds' worth of equity.
Rich and powerful, Xia Yu's confidence and resolve were naturally high!
However, it wasn't entirely Wu Chengde's fault. Xia Yu's betting activities were kept very discreet, so Wu Chengde had no way of knowing how wealthy Xia Yu had become.
Given that Wu Honglin previously wanted to harm Xia Yu, if it weren't for Li Wuming's intervention, Xia Yu would have been in serious trouble. Such a grudge couldn't be settled with just 10% equity.
Xia Yu's life wasn't worth so little!
The Wu family's fate was worth more than 1 million pounds!
Trying to use the 10% stake to placate him was impossible!
Nevertheless, since Wu Chengde had lowered his stance, Xia Yu needed to show some respect to Wu Hongyi. Moreover, since his own self-defense capabilities were still insufficient, it wasn't necessary to push Wu Chengde too hard.
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