Chapter 103 Acquisition of Cinema Chains



The person who sneaked away from Jia Yueting was called Xu Jiayin, a well-known cinema owner in the local area.

Xu Jiayin's capital is not very strong. The reason why he can become Jia Yueting's younger brother this time is simply because there are more cinema chains in City C, otherwise he might not be able to get in.

Cai Wenyin knew Xu Jiayin, and Xu Jiayin also knew that Cai Wenyin was very capable, so she gave him face and allowed him to meet with Mr. Qiu.

"Hello, Mr. Xu," Cai Wenyin introduced the two people carefully.

Mr. Qiu’s polite words were also very appropriate, making Xu Jiayin feel respected.

You know, just now when he was with Jia Yueting, he didn't even have a chance to speak, let alone talk to the big guys.

"Mr. Xu, let me be frank with you. I want to acquire your cinema chain in City C. I wonder how much you want to offer?" Mr. Qiu asked in a straightforward manner.

Xu Jiayin was stunned. What was going on? Shouldn’t we have had a nice chat at the beginning? Why was the progress so fast?

"Boss Qiu, you also know that Boss Jia Yueting asked me to take sides."

“It’s not easy for me to do this.”

In fact, the reason why Xu Jiayin was willing to come out was not only because of Cai Wenyin's face.

It is not easy to run a cinema chain nowadays. As a small cinema chain, we always have to consider the faces of the big guys and sometimes we can’t even get a share of the profits.

Just like a few days ago, I did the math and found out that I was losing money.

This time, I had been thinking about cooperating with Jia Yueting and making some money with the help of Director Nuolan to support my livelihood.

He had wanted to transfer out a long time ago and didn't want to be involved in this mess anymore. He even said that he would cash out if he could and wanted to retire.

I currently have five cinemas, all in City C, with quotas in the theater chain. If we estimate that each cinema costs 2 million, my total assets may be around 13 million.

Maybe the big guys don't think highly of these small and broken equipment of mine. If they are to be transferred, they will definitely be packaged for less than 10 million, so I don't want to transfer them.

After all, if you just do it and curry favor with someone, you might even earn some money.

"Mr. Xu, will you sell it for 15 million?"

Xu Jiayin was immediately stunned. What happened? Why did they give the price so quickly?

President Qiu saw that Xu Jiayin seemed dissatisfied. That was just right. Although 15 million was already a premium, wasn’t Baofu Group anxious to acquire the cinema chain now?

System, system, you can’t blame me, I have to raise the price.

"Mr. Xu, what about 18 million?"

Mr. Qiu looked at the other party confidently, and Cai Wenyin also spoke up, saying that this was a very high price and no other capital in the market could offer this price.

If you don’t sell it this time, you may not have the chance next time.

Mr. Qiu is a very generous person, while others may just try to lower your price.

And I heard that Mr. Xu wants to retire, right? Wouldn't it be better to go out and enjoy life with cash? What's more, the film market is so bad now, and the money earned is too little.

What is better to invest in than movies? Mr. Xu, don’t you think so?

This series of words confused Xu Jiayin, as if they made a lot of sense.

And the price Mr. Qiu mentioned is indeed very attractive. What should I do? Should I agree or not?

Mr. Qiu looked at the other party and asked the system again, and was told that 18 million was already a premium. If the price was increased further, the extra price would be the IOU written by the host.

Hearing this, Mr. Qiu panicked. How could he continue to do this? He would end up owing money and never know when he would have to pay it back. He couldn't do that.

Mr. Qiu looked at Xu Jiayin again, who seemed unwilling to sell, and turned to Cai Wenyin and said:

"Manager Cai, let's put it this way. Mr. Xu seems unwilling to sell. Please help me contact other theaters and buy them at a high price. It has to be done quickly. I only want to buy one."

Cai Wenyin thought that Mr. Qiu was putting pressure on her, so she continued the conversation.

"Okay, Mr. Qiu, I have already contacted the person in charge of Shengfang Cinemas. We will go over for a meeting later."

Mr. Qiu and Cai Wenyin were about to leave when Xu Jiayin suddenly stood up.

"I'll sell it at the price of 18 million, is that okay, Mr. Qiu?"

Mr. Qiu turned his head and said, "Oh, you are willing to sell it? That's fine."

"Sure, sure," Mr. Qiu shook hands with the other party happily, and then asked Cai Wenyin to arrange the signing.

Cai Wenyin smiled. She and Mr. Qiu really had a tacit understanding. Haha, that’s it.

However, based on Cai Wenyin's own ability, she might be able to negotiate it, but the price would definitely not be that high. Instead, she could acquire it for a little more than 10 million. She didn't understand why President Qiu was so anxious.

Maybe Mr. Qiu has his own plans and tasks, Cai Wenyin smiled knowingly.

Xu Jiayin's cinema chain and five cinemas were sold to Baofu Group in just two hours.

Mr. Qiu suggested that they arrange to change the name of the cinema chain to Baofu Cinema Chain, or Baofu Cinema. Other equipment should be updated slightly, and all funds should be used mainly for movie special effects, and money should be spent on that aspect first.

But the news of the acquisition was eventually known to Jia Yueting.

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