Chapter 540: Chapter 542: Entering the Entertainnt Industry!
"Although I’m not a part of Beijing’s entertainnt circle, I do have a lot of besties who are intricately linked to it, and I’m often more inford about certain matters than those inside the circle."
"Giggle, little brother, I didn’t expect that you were planning to make your way to Beijing to develop your career, and even dipping your toes into the entertainnt industry, I’ve really underestimated you."
"About this matter that you ntioned, I can help you. Give
a few minutes, I’ll make a call to inquire, and get back to you afterwards."
Fan Bing was full of confidence about helping Qin Tian, which made him feel deeply impressed. Indeed, she was a woman from a noble family, different from other won.
After hanging up, Qin Tian and Liu Fei’er hadn’t had dinner yet when Fan Bing’s call ca in.
"I asked around a few companies, but my bestie suggested one that seems reliable and has a sizeable scale. It’s best if you talk to them first."
After speaking, Fan Bing gave Qin Tian a phone number and said, "The key person is Jin Changshu, a rather famous culture man in Beijing. He owns a company that is said to be doing well. However, recently, due to his illness and his desire to change careers, he’s looking to sell his company. You could talk to him. My friend already sent him a text ssage, so you can just arrange to et up directly."
"Alright, thanks, Sister Bing."
"Hmph, as long as you know I’m good to you, that’s enough for . I’m a bit busy right now and will hang up. Call
when you’re free."
Fan Bing ended the call with a aningful remark.
Qin Tian hadn’t expected Fan Bing to be so efficient. Within just a few minutes, she had found him a seller ready to let go of his company.
Given the circumstances, Qin Tian didn’t intend to delay any further. After dinner with Liu Fei’er, he called the seller, Jin Changshu.
The na Jin Changshu was easy to rember. For Qin Tian, a gambling master, it instantly stuck in his mind.
The call was answered by an old man. Upon hearing Qin Tian introduce himself, the man got straight to the point, indicating his interest in selling the company, and the two arranged to et at a nearby tearoom for discussions.
Liu Fei’er had no plans, and at Qin Tian’s suggestion, decided to join as well.
Jin Changshu was an elderly man with glasses and graying hair, looking to be in his seventies, not very spirited, but with bright, spirited eyes.
Accompanying Jin Changshu was his son, Jin Changying.
"You father and son look so alike. Not just by nas, but also in appearance."
Upon eting at the tearoom, Qin Tian couldn’t help but jest.
"Hehe, he’s my son. If he didn’t look like ... well, then my wife might have so explaining to do. Hahaha."
Despite being an older adult, Jin Changshu’s sense of humor was lively, eliciting laughter from everyone.
Jin Changying’s eyes landed on Liu Fei’er and he said with curiosity, "This beautiful lady, I seem to have seen you sowhere before."
Liu Fei’er was montarily puzzled: "Really?"
Jin Changying posed in thought and said: "It seems it was in an advertisent... Hiss, I can’t rember which one."
"Qin’s Scar Removal Ointnt." Liu Fei’er said with a smile in response.
"Oh, that’s right, Qin’s Scar Removal Ointnt! My, you are even prettier in person than on TV." Jin Changying complinted.
The negotiation unfolded in a relaxed atmosphere. Jin Changying, acting as Jin Changshu’s assistant, brought a slew of docunts about the company, including the balance sheet, profit and loss statent, cash flow statent, and short-term and long-term loans docunts, handing all of them to Qin Tian.
Qin Tian reviewed the company’s docunts while listening to Jin Changying’s introduction of the company.
"Tianyun Entertainnt Company?"
Liu Fei’er, who was sitting beside him, suddenly noticed a familiar na and was taken aback.
Caught by her reaction, Qin Tian also noticed the na and imdiately realized the connection.
What a coincidence, Tianyun Entertainnt Company!?
"Is there a problem, President Qin?" Jin Changshu asked.
Qin Tian shook his head, "No," and his face showed a mischievous smile.
Although not a finance expert, Qin Tian could comprehend the financial statents well enough. The core business of Tianyun Entertainnt Company was robust, featuring a dozen signed male and female stars, including A-listers as well as those on the B and C-lists.
Additionally, Tianyun Entertainnt Company had a subsidiary film and television production company as well as a film and music studio. The company’s operations and departnts were well-structured.
The only unflattering part was that Tianyun Entertainnt Company’s profits had been declining year by year. In recent years, the movies and TV series produced by Tianyun Entertainnt didn’t achieve the expected revenue, leading to the company’s operational state looking okay on the surface, but with a substantially diminished realizable value. By last year, Tianyun Entertainnt was practically in a loss-making situation.
"I’m impressed with Mr. Jin’s thorough introduction of Tianyun Entertainnt, and I’m interested in acquiring it. To be clear from the start, I’m looking for a full acquisition. Any issue with that, Mr. Jin?" Qin Tian set down the materials he had reviewed and inquired.
Jin Changshu smiled and said, "No issue at all. My whole family is preparing to emigrate, and we want to sell the entire company to soone who is intent on managing Tianyun Entertainnt well."
"That’s ideal." Qin Tian nodded, then got straight to the point, "So, Mr. Jin, what’s your asking price?"
"For a package deal, including the company’s liabilities, our asking price is two billion." Jin Changshu stated.
"Two billion?!" Liu Fei’er was montarily stunned.
After all, despite Tianyun Entertainnt’s extensive setup, the company was both unlisted and heavily indebted. Two billion was considered a steep price.
"Hehe, Mr. Jin, your asking price is a bit steep. Your company’s debt-to-asset ratio is already at 70%. If I take over and assu the debt, my highest offer would be one billion."
Qin Tian countered, effectively halving Jin Changshu’s asking price.
"President Qin, you slash prices quite dramatically. My father asks for two billion, and you counter with one billion. Isn’t that a bit too ruthless?" Jin Changying said with a chuckle.
"It’s not about being ruthless. It’s about what I believe is a fair price. Both you gentlen surely understand the real value of Tianyun Entertainnt, and one billion is the most appropriate price," Qin Tian stated.
Jin Changshu gave a faint smile, took a sip of tea, and replied: "My final offer, one billion five hundred million. Mr. Qin Tian, I see you are eager to buy, so I’ve cut down fifty million. One billion five hundred million is my bottom line. Tianyun Entertainnt is involved in every aspect of the entertainnt industry. If you buy it, as long as you manage it properly, I guarantee you’ll only profit, and you might even consider taking it public in the future."
"One billion five hundred million, an imdiate paynt of fifty million and the remaining one billion to be paid over four years at twenty-five million per year. If Mr. Jin accepts my proposal, then we have a deal," Qin Tian proposed thoughtfully.
Reviews
All reviews (0)