novellhall Chapter 89 The Wild Dog Hires a New Master
Chapter 89 The Wild Dog Hires a New Master
"Eucliffe, construction began in 1927 and took four years to complete. Built in the style of a Gothic European fortress, it was a landmark of Repulse Bay in its day..."
Wow!
The two men, who were flirting in the tea room, arranged to meet at Yu Garden in Repulse Bay that evening. Yu Jingwei boasted about his family's past glory, while Chen Guanjiang showed a tacit expression of amazement.
The Eu Yan Sang family owns three such luxury residences in Hong Kong: Euston in Mid-Levels, Sirmio in Tai Po, and Eucliffe in Repulse Bay.
Among them, the Yu Garden in Repulse Bay belongs to Yu Jingwei and is often rented to TVB or Shaw Brothers for filming.
Yu Jingwei suddenly sighed, "It's hateful. During the war, it was occupied by an island nation, and more than fifty people were killed here, turning it into a haunted house..."
"Wow, that's such a pity."
Chen Guanjiang sighed at the opportune moment, providing ample emotional value, but inwardly he was extremely disdainful.
Others may not know much about this family, but as a seasoned veteran, Chen Guanjiang, after extensive research, surely knows what the Yu Rensheng family is all about.
On the surface, the company started by selling traditional Chinese medicine, but its actual assets skyrocketed because of tin mining.
Eighty thousand Chinese laborers were "hired" from Hong Kong at high prices and transported to Southeast Asia. Their wages were "custodied" using "tokens" and "accounting" methods, and a high-quality one-stop service was provided.
When you're bored, we offer dice, mahjong, and dominoes.
Lonely nights, offering one-time wives;
Mining is hard work, but providing leaves will boost your energy.
Of all the families and companies that mined tin in Southeast Asia, only the Eu Yan Sang family made so much money that they couldn't keep up with the profits, while countless bones were buried in foreign lands.
After the turn of the century, many of the patents for "Kampo" that the island nation vigorously promoted originated from the acquisition of Eu Yan Sang Pharmacy.
Therefore, Chen Guanjiang only felt that the glory and decline of "Yu Garden" was both laughable and pathetic.
Of course, whether the Eu Yan Sang family is good or bad, it does not affect the cooperation and competition between them.
After the small talk to build rapport, Yu Jingwei said seriously, "Ah Jiang, it's almost time to sell your stocks, isn't it?"
"Yes. We should get rid of it soon," Chen Guanjiang said evasively.
With the Hang Seng Index having risen to this level, savvy investors dare not enter the market anymore and will certainly not hold onto their stocks. They are destined to sell them off, but the timing of the sale is a secret.
Yu Jingwei, unconcerned about stocks, continued, "The US dollar has fallen, and the Hong Kong dollar should follow soon. We should convert our funds into assets as soon as possible. Have you decided which industries to invest in?"
Listen to the sound of gongs and drums, listen to the meaning behind words.
Chen Guanjiang immediately understood Yu Jingwei's unspoken meaning: either he wanted to cooperate on investment, or he wanted to place his own people in his position, or both.
Chen Guanjiang considers himself to have had a lot of fun, but the only company he actually succeeded with was the Yanxun Newspaper, and even that was achieved through speculation and opportunism.
The cattle farm is only in the planning stage and has not yet truly proven its management capabilities.
Therefore, it is unlikely that Yu Jingwei wants to cooperate; his real aim is to place family members in the new company.
The true investment intentions certainly cannot be disclosed.
After a moment's thought, Chen Guanjiang replied, "I plan to establish or acquire a securities company. I also need to check the real estate market situation to see if I should buy properties to rent out."
Stockbrokerage and property management are both excellent professions for members of large families to build connections. It is also perfectly acceptable to entrust the management of non-core business areas to the Eu Yan Sang family.
"Buying a property is a good idea!"
Yu Jingwei perked up and said, "Hong Kong is incredibly valuable, and its population is skyrocketing. As long as we manage things well, we won't lose money."
Clearly, the Hang Seng Index is about to collapse, and this guy doesn't want his family members to waste time in the securities industry, so he has set his sights on the property management sector.
The statement "You can't lose no matter what" is both true and false.
The rise in Hong Kong's property market is indeed inevitable, but it depends on the timing and location. In the short term, it is impossible to achieve certain returns, and it may even be better to deposit the property in a bank and earn interest.
While long-term goals are indeed important in capital operations, short-term gains should not be ignored, especially before a monopoly scale is formed with limited capital.
"I don't have any relevant talent on my side. Uncle Wei, do you have any good recommendations?" Chen Guanjiang agreed to the exchange of benefits without hesitation.
"As the saying goes, one should not avoid recommending relatives for positions of merit!"
Yu Jingwei grinned from ear to ear and said, "My second son, Yu Yisheng, is the management manager of the family company. If Ajiang doesn't mind that he's not very capable, he can give him a try..."
"I've heard that Brother Yisheng is a top student from Northwest University; I'll definitely have to meet him sometime..."
Chen Guanjiang had already gathered information about the three shareholders of TVB. Yu Jingwei had three sons and one daughter: eldest son Yu Yikun, second son Yu Yisheng, third daughter Yu Jifen, and fourth son Yu Yiyi.
Among them, the eldest son, Yu Yikun, will inherit the businesses under Yu Jingwei's name, while the second son, Yu Yisheng, will rely heavily on the family business.
Due to constant internal strife within the family, Yu Yisheng has not achieved significant success and urgently needs to break free from the constraints of the family business.
When both sides reached an agreement, Yu Jingwei spoke frankly: "The highest-ranking person in TVB News is Hu Sanhu of Sing Tao Daily."
「新闻部分做四个部门，核心人员总共105个，分别是採访组35人、编辑组26人、技术组14人、节目组30人…」
As Yu Jingwei explained, Chen Guanjiang gained a clearer understanding of TVB News Department and began to analyze how to eliminate it.
Fortunately, TVB did not rely entirely on Sing Tao Daily. The head of the technical team was from Shaw Brothers, and the head of the program team was from Capital Artists, so the departments did not fall apart at the slightest touch.
With Li Xiaohe already agreeing, even if Shao Yifu was unwilling, Shao's technical staff had to cooperate, and Yu Jingwei's Huaxing was naturally an absolute ally.
As a print media outlet, it wouldn't be difficult for the Yangxun News to dismantle its reporting and editing teams, provided that it is well-prepared to avoid chaos.
The headache is that the wireless equipment and systems, including mobile news vans, character generators, microwave relay vehicles, and international communication routes, are all controlled by Sing Tao Press.
The equipment itself doesn't cost much; HK$500 million should be enough. The key issue lies with international journalists and international channels.
Over the years, Sing Tao News Corporation has cultivated a large number of international journalists through its TVB News Department, achieving a qualitative leap in its news gathering capabilities.
International news had to be purchased through the International News Agency. In the era before the Internet, communication channels were especially important, and these channels were also firmly controlled by Sing Tao Press.
These two factors are true moats; without control of international journalists and international news channels, there is no possibility of banning Sing Tao Daily.
This is why Sing Tao Newspapers, already the leading newspaper in Hong Kong, has thoroughly consolidated its advantages and widened the overall gap with other newspapers. It is impossible for it to easily give up its foundation.
In other words, by using the funds from TVB News Department to cultivate its own international journalists and international news channels, CRHK could potentially surpass Sing Tao Daily...