Chapter 168 Acquisition of Golden Harvest



"Playing with small-scale productions and turning them into movies won't make much money in Hong Kong. Golden Harvest is such a big company with so many people to feed. Mr. Zou and Mr. He are so old, it would be better for them to enjoy their retirement peacefully."

Raymond Chow's eyes gleamed: "Young man, do you think Golden Harvest can still be saved?"

"Of course there's hope?"

He Guanchang was puzzled upon hearing this: "Oh? Didn't you say that Hong Kong is declining? According to you, Hong Kong movies are basically doomed. How can we save them?"

Shen Fang flashed his bright white teeth: "I've taken over Jiahe. I'm not short of money."

He Guanchang was furious upon hearing this.

“Young man, you’ve had this plan in mind from the beginning, haven’t you?” Zhou Wenhuai looked at Chen Fang.

Shen Fang nodded: "That's right. To be honest, I bought Golden Harvest because I wanted to take over Golden Harvest's cinema chain. As for film production, I'm not interested. Even if I were to make a movie, I would hire a big director and make a big production. I have no interest in doing this in Hong Kong."

“Young man, buying Golden Harvest, what a boastful tone.” Ho Kwun-cheung said with a face full of resentment.

"How much money is Shen Sheng willing to offer?" Zou Wenhuai adjusted his glasses and looked at Shen Fang.

“Brother Huai!!!” He Guanchang looked at Zou Wenhuai with disbelief.

He didn't expect that Raymond Chow would actually take the plunge.

Shen Fang flashed his bright white teeth: "As far as I know, Golden Harvest's Asian cinema network includes 33 cinemas, totaling 260 cinemas. Golden Harvest has cinemas in Malaysia, Singapore, Taiwan, Hong Kong, eastern Guangdong, and Shanghai. I'm willing to offer 200 million RMB."

Raymond Chow narrowed his eyes: "Young man, you've done a thorough investigation. 200 million..."

Shen Fang smiled and said, "No need to investigate, you can find all of this online. I was planning to acquire the cinema chain anyway, isn't it a coincidence that I met you two today?"

Raymond Chow adjusted his glasses: "I need to discuss this with the shareholders."

They didn't mention money at all, because this price is considered high.

“Brother Huai!!!” He Guanchang stared at Zou Wenhuai.

“Ah Chang, we’re almost 80 years old. At this age, it’s really time to retire. I know you’re not willing to give up. Our Golden Harvest defeated Shaw Brothers in Hong Kong and once made Hong Kong movies prosperous and brought Hong Kong movies to the world. We’ve already had our glory days, and we should let go.”

Shen Fang smiled: "Alright, I'll wait for your good news. Oh, by the way, the second largest shareholder is Li Ka-shing, right?"

"That's right."

"Alright, I really have a connection with the Li family."

Jackie Chan and his family were dumbfounded: "Huh?"

Shen Fang waved his hand: "It's nothing, it's nothing, I was just kidding. Brother Long, let's start filming, I'm hungry."

Cheng Long nodded upon hearing this.

"Then let's begin the feast."

PS: A large part of the reason for Golden Harvest's bankruptcy was Jackie Chan. Golden Harvest trusted Jackie Chan too much. When filming The Accidental Spy, they directly invested HK$170 million. Later, when they ran out of funds, they added another HK$30 million. After its release, it only grossed HK$30 million at the box office, with virtually no revenue from external channels.

......

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