Chapter 284: Shareholders Meeting
Two years ago, Fang Hexuan acquired 6% of TVB shares from Li Lu Yanqun, and this number has remained unchanged since then.
He wanted to continue to increase his holdings, but his Sixth Uncle was very tight-lipped about his shares, and it would be extremely difficult for him to sell some to him in a short period of time.
The other two shareholders, including Li Jia, are not only optimistic about the future development of the TV station, but also need the status of TVB shareholders to maintain their appearance.
Therefore, Fang Hexuan, like a fly, really cannot bite a seamless egg.
Moreover, after two years, some of his ideas have changed with the passage of time and his experiences.
For example, he used to think about traveling through time and space and being reborn, and only working in high-tech industries instead of traditional industries.
But over the past few years, he has not only expanded his business in the real estate industry, but has also entered industries with low technological content such as food, beverages, and retail.
He became more and more addicted to real estate because as he owned more and more buildings, he wanted more.
The longer I spend with my family in this time and space, the more I want to do something for them.
Fang Hexuan plans to hand over the shares of Watsons Group, Red Bull and Starbucks to his sister after she graduates, as a token of his appreciation as a brother.
As for his other companies, if nothing unexpected happens, he will choose the best ones from his children to inherit them. If none of them are capable, he will simply find professional managers.
My sister and my own children each get something, and there is no conflict on either side. This is good enough.
In a word, people will change. Even if he, as a time traveler, has a God's perspective, he will still be affected by the real environment of the current time and space.
Therefore, if Uncle Run Run Shaw really wants to continue to monopolize TVB, he might as well follow Li Huanggua's example and set up a global satellite media group similar to a "satellite TV company" in a few years.
Fang Hexuan has a lot of ideas. He had previously thought about establishing a news agency all over the world, but he felt a headache when he thought about the huge amount of time and energy required to plan and develop the business.
The time traveler is not omnipotent. In his previous life, he was just slightly better than ordinary people. He was lucky enough to become a billionaire. Even managing a company is often too busy for him.
But now, he has more than a dozen companies under his control, and he doesn't have to be personally responsible for the daily affairs of these subsidiaries. Even so, he feels a little overwhelmed.
Therefore, if he had not been concerned about the limits of his own abilities, he might have actually set up a news agency on impulse.
If it is really impossible to control TVB, it is not impossible that he might suddenly get excited.
Therefore, at this shareholders' meeting requested by his Sixth Uncle, Fang Hexuan decided to lay his cards on the table with the old man.
To be honest, he had a good impression of Run Run Shaw. They had known each other for four years and they would often get together to chat and gossip. Apart from his stingy personality, which was a bit unpleasant, the old man had no other faults.
Let’s say that he is most criticized by the outside world for exploiting his employees. There is no way to deny this. But on the other hand, some newcomers who want to become famous have really signed a contract with him, and he is really willing to spend resources to support you.
Moreover, Uncle Shao Liu does not have the bad habit of other bosses of taking advantage of their employees. It is rare for him to be able to do this.
From an outsider's perspective, he gave back most of the money he earned throughout his life to the country and society. Regardless of whether he did it for fame or not, he was upright in terms of public morality.
As for those scandals of being on the fence, Fang Hexuan thought about it and could understand them. After all, they couldn't see the future as clearly as he could.
Therefore, if you really can't come to an agreement with Uncle Six, then it's best not to make enemies. Just go your separate ways and don't bother each other.
On the morning of June 6th, in the shareholders' meeting room of the TVB headquarters building.
When Fang Hexuan arrived, there were already quite a few people sitting inside. In addition to Li Luyanqun, there was also Li Guobao, who represented the Li family, and an Australian ghost.
Together with himself and Run Run Shaw, these five major forces are all the current shareholders of TVB.
In addition, there are some non-executive directors and independent directors in the meeting room.
Fang Hexuan is not like others. He didn't even send a non-executive director. He hardly interferes in TVB affairs and can be considered aloof.
Run Run Shaw was the last to arrive, and with him came Mona Fong, who attended the meeting as his executive director.
At the beginning of the meeting, according to the regulations stipulated by the board of directors, TVB's recent operational management and financial status were reported first, which were all presented by Fang Yihua.
Afterwards, Run Run Shaw took over the conversation and began to introduce the major crisis the company was currently facing. He also analyzed to everyone what specific actions the rival Far East Group would take against TVB and what consequences would result.
After all, he is old, and Uncle Shao doesn't speak very fast. He basically pauses for a few seconds after each sentence.
His speech alone took more than 30 minutes.
However, the other shareholders including Fang Hexuan listened very carefully without showing any annoyance at all.
Fang Hexuan admired this point. The old man was already old, but he was so steady and wise, and it was indeed easy for him to gain the trust of others.
Finally, when Run Run Shaw mentioned the need for a similar capital injection to deal with the threat from ATV, Fang Hexuan could not help but raise his hand to interrupt his subsequent speech.
"Uncle Six, I agree with your view that Qiu Degen is a tough opponent, and I also agree that TVB's defensive counterattack capabilities should be strengthened. However, I disagree with the practice of injecting capital year-on-year. TVB needs more funds, so it is better to issue new shares. Those who are willing to increase their shares can pay more, and those who are unwilling can naturally not pay. How do you think?"
After Fang Hexuan finished this call, he looked at Run Run Shaw with a smiling expression, like a naughty boy asking for candy.
But Sixth Uncle is Sixth Uncle, his expression remained unchanged. However, Fang Yihua, who was sitting next to him, frowned after hearing this, as if she was unhappy.
"Haha, since Xuan has said so, other shareholders can share their opinions!"
After saying that, he smiled and glanced at everyone in the conference room, as if he wanted to see who else agreed with Fang Hexuan's idea.
Li Lu Yanqun was delighted after Fang Hexuan finished speaking. Although she knew that TVB would not be able to survive on its own after her husband's death, it did not mean that she liked Run Run Shaw and especially Fang Yihua's style of doing things.
Whenever there are important activities at the station, she is willing to help out for the sake of the overall situation, but she always feels a little uncomfortable in her heart.
After all, TVB was founded by my husband, and now I am making wedding dresses for others, which makes me feel bad.
Two years ago, Fang Hexuan's conversation with her also hit a sore spot for her. Why not cause some trouble for Shao Laoliu?
Now, when Fang Hexuan took the lead in demanding a change in the shareholding structure, wasn't he undermining Shao Laoliu's plans?
This is so interesting!
"Haha, I agree with Mr. Fang. As for the capital injection, I will not participate. If Mr. Fang wants more shares, just give him more money. I won't argue with him!"
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Thanks to book friends 20171029004947168 and Huo Chiyan for their recommendations!
(End of this chapter)