章節 506: Chapter 506: Jiuding Plaza
Next was the Global Brokerage Company under Global TV. Huang Xizhao asked Chen Shufen to come directly for a report.
Previously, when Xia Yu inspected the Global Brokerage Company, he shared many successful artist management ideas from the future with Chen Shufen. As the top gold medal broker in Hong Kong, Chen Shufen had a strong talent in this area.
With practical application and the substantial resources of the Jiuding Consortium backing her, Global Brokerage Company's business ran very smoothly, and development was excellent.
Chen Shufen even joked with Xia Yu that due to the significant increase in earnings for the artists managed by Global Brokerage Company, many artists had become restless, and many competing film companies were feeling increased pressure.
Under Jiuding Cultural Media Group, Wu Siyuan from Galaxy Films had started one film and invested in three others. Due to the short time frame and Wu Siyuan strictly adhering to Xia Yu's requirement of perfecting the script before filming, no completed films had yet emerged.
Next was the Global Cinema Company, which, though still not officially registered, was operating under the name of Anle Cinemas.
With the support of Jiuding Bank, Jiang Zhiqiang made extensive acquisitions. The cinema chain expanded from the original four theaters to twenty. There were five large theaters with over a thousand seats, eleven medium-sized theaters with five hundred to a thousand seats, and four small theaters, including the renowned Tai Ping Theater in Hong Kong, which Xia Yu had specifically mentioned.
The twenty cinemas, in terms of both quantity and seating capacity, surpassed Shaw Brothers and Golden Harvest cinemas, becoming the number one in Hong Kong.
Following Xia Yu's instructions, Jiang Zhiqiang transformed all the theaters into multiplexes. Each cinema had three types of screening rooms: large, medium, and small. This allowed film distributors to choose and lease according to their needs, maximizing the value of the cinemas.
Some distributors with limited strength or confidence could lease a small hall in a high-traffic large cinema to test market response, allowing them to gauge the film's popularity at minimal cost.
Among the twenty cinemas, six were undergoing major renovations to become cineplexes, which was the most challenging and time-consuming. For some less ideal locations with insufficient traffic, they would not be developed into cineplexes. Instead, these theaters would undergo simpler renovations, including internal modifications and adding supporting shops and 7-11 convenience stores.
Currently, five small to medium-sized cinemas had been renovated and reopened.
Although Global Cinemas had become very powerful, Jiang Zhiqiang remained low-key and did not boast, strictly adhering to Xia Yu's strategy of "building high walls, storing grain, and claiming kingship slowly."
Unfortunately, Hong Kong's film industry, though not large, was not small either. The frequent change of ownership and extensive renovations of so many cinemas naturally attracted attention.
Entertainment media speculated widely, with the most marketable guess being that Jiuding Consortium had entered the cinema industry.
The media reported that recently, twenty-three cinemas and theaters in Hong Kong were undergoing renovation and reorganization, which was undoubtedly a well-planned action that ordinary forces could not afford.
Moreover, the media secretly investigated and found that twenty cinemas and theaters had their renovation contractors sourced from Jiuding Construction Company. Although the newly reopened cinemas did not have a unified sign, they were all equipped with 7-11 convenience stores.
Since 7-11 was a retail brand under Jiuding Retail Group, this close-to-the-truth speculation led to many related Jiuding companies being covered by the media. However, no one had officially confirmed it.
Even so, it caused a stir in the film industry, especially for Shaw Brothers and Golden Harvest, who were anxious and on high alert, as if guarding against thieves.
Faced with the possibility of Jiuding Consortium being a competitor, Zhou Wenhuai and Shaw Yifu even set aside their differences and met secretly. Both Shaw Brothers and Golden Harvest films were no longer shown in Xia Yu's cinemas.
However, Jiang Zhiqiang did not mind. He had prepared for this from the start, so he strengthened cooperation with other film companies. The five already opened cinemas were doing well in terms of income and expenditure.
When the time was right, Jiang Zhiqiang would inform Shaw Yifu and Zhou Wenhuai that resistance would be futile.
Most cinemas were still under renovation, so it was not yet time for a counterattack. For now, he focused on development.
Next was Jiuding Real Estate Group, which had entered a stable phase after integration. Liu Shihao did not disappoint Xia Yu. Jiuding Real Estate Group was developing new properties and planning the enhancement of Harbor City.
At the same time, Liu Shihao, based on the revised design, started a new project called Jiuding Plaza. It was located in the bustling heart of Hong Kong Island—Causeway Bay—on the site of the old Hong Kong Tramways depot. The overall architectural design included two office towers, one forty-six stories high and the other thirty-nine stories, making it a prominent landmark visible from any direction.
The shopping center design covered a total area of 900,000 square feet, the grade-A office space exceeded one million square feet, and the four-story basement parking lot had 700 parking spaces, making it the largest parking lot in Causeway Bay.
Liu Shihao's plan was to create the largest commercial complex in Hong Kong, establishing Jiuding Real Estate Group's iconic buildings, with Jiuding Plaza and Harbor City as the two main pillars, laying a strong foundation for Jiuding Real Estate Group.
Construction of Jiuding Plaza had already begun, and Liu Shihao was very motivated.
Within Jiuding Financial Group, Jiuding Securities Company needed no further mention, as its development was going well.
The focus was on Jiuding Insurance Company and Jiuding Bank.
Jason Gregg proved to be a great talent in the insurance industry. Under his management, Jiuding Insurance Company improved almost daily as he fully utilized the resources of the Jiuding Consortium.
Following Xia Yu's instructions, Jason Gregg signed contracts with all Jiuding Consortium's enterprises, transferring all required insurance to Jiuding Insurance Company. For policies not yet due, he had them recorded and signed agreements, which would take effect after the new year. With December already here, it was not long until January 1979.
In addition, Jason Gregg understood the importance of marketing and service teams. He focused on training Jiuding Insurance's sales team and the after-sales compensation system.
With the "Jiuding" brand as a gold sign, public recognition was high, and under multiple influences, the insurance coverage amount rapidly increased.
As for the crucial Jiuding Bank, with important matters to discuss with Liu Tianqi, Xia Yu went directly to the Jiuding Bank headquarters in Central.
In the Jiuding Bank president's office, Xia Yu and Liu Tianqi sat across from each other, leisurely drinking tea.
After setting down his teacup, Xia Yu recalled seeing the crowded lobby when he entered and asked pleasantly, "Tianqi, how are the bank deposits and account openings?"
A brief transition will soon lead to the next phase of the storyline, mentioning the progress of each company to give everyone a clear idea, so it doesn't seem abrupt later on.
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