"About Li's TV station?"
After finishing his thoughts, Xia Yu turned his mind to the issue of Li's TV station and muttered to himself, his eyes slightly narrowing as he continued to ponder.
With July just beginning, the Hong Kong television industry was already turbulent, and a storm was brewing.
In the original history, in July 1978, Jiayi Television would launch the famous "July Offensive," aiming to crush TVB and Li's TV station and secure a significant victory for the upcoming August.
Why was there a so-called "July Offensive"?
The root of it all traces back to the founding of Jiayi Television.
He Zuo-zhi from the Ho family in Hong Kong, envious of the television industry's revenue, joined forces with several tycoons to establish Jiayi Television. He Zuo-zhi, worthy of his prestigious background, was bold in his actions. He directly launched a monetary offensive, targeting TVB to poach talent. In a short time, the newly established Jiayi TV station grew from over 200 employees to more than 800.
They were also generous with their spending on various TV programs, and the ratings rose as expected!
However, after four years of such spending, even the top investors of Jiayi TV station couldn't sustain the continued investments without seeing returns, and the station's operations became very difficult.
Moreover, after all these years, TVB had recovered, adapted to the pressure from Jiayi TV, and was gradually reclaiming lost ground, leaving Jiayi TV's ratings unstable and its future uncertain!
Therefore, He Zuo-zhi had no choice but to make Jiayi profitable to calm the increasingly restless minds of its major shareholders.
And in August, Jiayi TV was set to hold its next annual advertising solicitation conference!
To secure a good outcome, Jiayi TV had to present a stellar report.
Thus, He Zuo-zhi planned to launch an offensive to seize the ratings.
Unfortunately, He Zuo-zhi miscalculated this time!
Not only did the "July Offensive" fail, but it also became a death sentence, directly bringing Jiayi TV to its knees, leading to its closure by the end of August!
One can imagine how severe Jiayi TV's hidden crisis was, and the upcoming "July Offensive" was like a fuse ready to detonate the accumulated dangers of years.
So now, Xia Yu didn't need to do anything; he just needed to wait, and the competition would eliminate itself.
Even though Xia Yu now owned all the shares of Li's TV station, he didn't want to reveal this and draw attention from Jiayi or raise TVB's guard.
For now, he planned to lay low and let TVB handle the targeted strikes from Jiayi.
Xia Yu intended to quietly devise a plan so that after Jiayi went bankrupt, he could quickly acquire as many of Jiayi's assets as possible and seize the spoils of victory.
"I'm sure Old Liu's expression will be quite interesting then!"
Thinking of this, Xia Yu couldn't help but laugh to himself.
"I'll set this up over the next two days; for now, the priority is to sort out the securities company's matters!"
With that, Xia Yu headed directly to Jiuding Securities Company.
"Boss!"
"Hello, Boss!"
…
Amid the respectful greetings of the employees, Xia Yu found Wang Qi, who had been ready and immediately put down his work to follow Xia Yu into the office.
Wang Qi handed over all the prepared documents, which Xia Yu began to review.
After a long time, he finished reading and displayed a satisfied smile.
"Very good, well done!"
"Thank you, Boss, for your praise!"
Wang Qi said modestly.
Xia Yu smiled without saying more, but his satisfaction was clear.
Wang Qi had executed his orders well; Kowloon Warehouse's stock price was still suppressed at around HKD 1.63 billion, and no one had noticed anything unusual.
Over these past days, Wang Qi had continued to buy Kowloon Warehouse's shares, spending HKD 110 million to acquire 7 million shares. Now, all the accounts combined held 28 million shares, accounting for 28.57% of the total equity!
He was undeniably the largest shareholder!
The more shares he held, the less capital Xia Yu would need to spend when launching his takeover, significantly increasing the likelihood of successfully acquiring Kowloon Warehouse.
Aside from Kowloon Warehouse, the company's other operations were also progressing well. After checking, Xia Yu didn't pay further attention, as everything was running smoothly and no longer required his close supervision.
"Boss, when are we going to take action?"
After hesitating for a moment, Wang Qi asked.
Since the boss had mentioned his ambition to swallow Kowloon Warehouse, Wang Qi had been unable to sleep, feeling charged with enthusiasm every day.
His restlessness was not without reason. If Jiuding Securities successfully led the takeover of Kowloon Warehouse, it would greatly benefit the company, allowing it to rapidly expand by riding the wave of victory.
However, if the bid failed, the consequences could be dire, so Wang Qi had been very careful in his discreet purchasing of Kowloon Warehouse's shares, continually suppressing its stock price to avoid drawing unwanted attention that could spoil the boss's plans.
Seeing the anticipation in Wang Qi's eyes, Xia Yu smiled faintly and said, "No rush; let's hold off on the plan for now."
Wang Qi was stunned by this response and looked at Xia Yu in confusion.
Suddenly, he thought of a possibility. After a moment of hesitation, he asked, "Boss, is it because of funding issues?"
"Haha, funding isn't an issue at all!"
Xia Yu laughed heartily, preparing to share the real situation with Wang Qi to ease his mind.
"I've already secured HKD 1.3 billion for Galaxy Fund!"
Xia Yu said with a grin.
Revealing the amount to Wang Qi was to clarify the plan's execution, as understanding the available resources would help Wang Qi grasp the strategy better.
However, it was unnecessary for Wang Qi to know that the money was Xia Yu's own. Even though Wang Qi was a trusted insider, disclosing this detail might lead to unintended leaks.
Besides, if Wang Qi knew the money came from Xia Yu, he would likely speculate on its origins, creating unnecessary complications. So, it was better to keep him in the dark.
As expected, upon hearing this figure, Wang Qi's eyes widened in shock, and he exclaimed, "HKD 1.3 billion? In cash? My God!"
"Boss, is this for real?"
Wang Qi asked again, still in disbelief, his gaze fixed on Xia Yu, feeling both excited and apprehensive, hoping Xia Yu was serious.
"Of course it's real. I attracted some investors from the UK, and the funds are already in my account."
Xia Yu confirmed with a smile.
Hearing this, Wang Qi's face lit up, unable to hide his joy.
HKD 1.3 billion!
With this amount of capital, acquiring Kowloon Warehouse would be a sure bet!
Currently, with 28.57% of the shares already in hand, acquiring less than another 22% would secure absolute control, and Kowloon Warehouse would be in the bag!
The HKD 1.3 billion would more than suffice to buy the remaining 22% of shares!
If they timed it well, they might even grab more!
Kowloon Warehouse was as good as captured!
This thought set Wang Qi's heart ablaze, eagerly anticipating the day of reckoning.
He hadn't been part of the Qingzhou Cement acquisition, a fact he regretted. But now, he had the chance to play a crucial role in the far more significant and influential Kowloon Warehouse acquisition plan. How could he not be excited?
"Wait, if funding isn't the issue, why are we delaying the plan, Boss?"
At this moment, Wang Qi suddenly grasped a key point and, clearing his head, asked, "Boss, with this much capital, we're bound to succeed. Why hold off?"
Xia Yu gave a mysterious smile, his eyes narrowing slightly with a cold gleam as he calmly replied, "Because I want more!"