We're building a super chaebol in Hong Kong

Buying Jiayi Television for ten million might not be worth it for others, but for Su Cheng, it's extremely worthwhile.

After Governor MacLehose promised that Jiayi could run two channels, the disadvantage of educational programming no longer poses a threat to Jiayi Television.

"Regarding the other shareholders, Mr. Lin, are you confident in persuading them?" Su Cheng asked.

"Mr. Su, to be honest with you, our Jiayi shareholders' meetings have been frequently convened these past few months to discuss how to solve Jiayi's problems, or rather, whether it's possible to sell Jiayi off.

Since December of last year, the Governor, together with the Executive Council, has ordered the Television Advisory Board to investigate our Jiayi, believing that He Zuozhi's sale of shares to me was a violation. Whether it's Jardine Matheson or the 'Sing Tao Daily' and 'Wah Kiu Yat Po,' they have completely lost confidence in Jiayi and I've been the only one injecting capital to support it.

Last month, they even asked me if I wanted to acquire their shares. They offered a low price, but at the time, I felt that the Governor's Office was already targeting me. If I had 100% control of Jiayi, the government would be even less likely to let Jiayi continue to exist, so I refused them.

So, there's no need to worry about this issue. Mr. Su, rest assured, I can handle it in at most two days. By then, Jiayi will completely belong to Mr. Su. How about we first write up a letter of intent, with the breaching party required to pay compensation?" Lin Xiufeng said directly.

To prevent Su Cheng from changing his mind later, he even wanted to write the breach of contract compensation into the contract.

He also wanted to sign a formal equity transfer agreement directly, but a small portion of the equity had not been settled. Even if Lin Xiufeng was anxious, there was nothing he could do, so he could only sign a letter of intent first to settle the matter in case of accidents.

"No problem. Since that's the case, let's sign the letter of intent today. The penalty for breach of contract isn't an issue. Whether it's five million or ten million, you can write whatever amount you want," Su Cheng said with a smile.

However, he himself wasn't afraid that Lin Xiufeng would regret it, because besides him, Su Cheng, there really wouldn't be anyone else who would want to take over Jiayi Television.

Without MacLehose's promise, Su Cheng would definitely not buy Jiayi, because a television station with such restrictions, even if it could develop, would be difficult to compare with the other two television stations.

"Okay, then please wait a moment, Mr. Su. I'll have the lawyer draft the contract," Lin Xiufeng couldn't wait for Su Cheng to sign the contract and quickly get rid of this hot potato that was Jiayi.

"Mr. Lin, may I use your phone? I'll have the president of the Su's Group come over so he can sign the agreement on behalf of the Su's Group," Su Cheng said with a smile.

Since he said he would assign Jiayi to the Su's Group, Su Cheng wouldn't go back on his word. It would be better to have Yang Chaoye come over to handle it directly, and he could handle the acceptance when the time came.

"Mr. Su, please feel free," Lin Xiufeng nodded and then went out to notify Bainingshun Group's legal counsel.

As for Su Cheng, he made a call to Yang Chaoye at the Su's Group.

"President Yang, I've almost settled the television station. Come to the Bainingshun Group Building in Kowloon. I have something here for you to handle, and bring the group's lawyer and official seal with you," Su Cheng said directly after the call connected.

"Bainingshun Group Building? Okay, I'll leave right away," Yang Chaoye said with some doubts after hearing this, but he didn't say much.

After all, he had only been in Hong Kong for a relatively short time, so he naturally didn't know Lin Xiufeng of the Bainingshun Group, and he didn't realize that the television station his boss was buying for him was actually Jiayi Television.

It didn't take long to get over from the Su's Group Building. After passing through the Cross-Harbour Tunnel, they would soon be able to reach the Bainingshun Group.

Therefore, about twenty minutes later, Su Cheng saw Yang Chaoye arriving in a hurry.

"Boss," Yang Chaoye and the lawyer greeted him upon meeting.

"Thank you for your hard work, please sit down first," Su Cheng said with a smile.

Afterwards, Su Cheng briefly introduced today's events to Yang Chaoye and Su's Group's legal counsel.

It would take some time to draft the contract, and Lin Xiufeng hadn't returned yet.

After a while, Lin Xiufeng was finally seen walking into the office with a middle-aged man wearing glasses. Presumably, this was Bainingshun Group's lawyer.

"Let me introduce you. This is Mr. Yang Chaoye, the president of our Su's Group, and this is Mr. Lin Xiufeng, the chairman of the board of Bainingshun Group," Su Cheng introduced the other party to Lin Xiufeng and Yang Chaoye respectively.

"Hello."

"Hello."

The two shook hands with each other, which was considered a greeting.

"This is the preliminary contract we've drafted. Mr. Su and Mr. Yang, please take a look. If there's anything you feel is unreasonable, we can make changes immediately," Lin Xiufeng handed over two copies of the draft contract.

Su Cheng took it and handed one copy to Yang Chaoye. He looked at the other copy himself.

The content of the contract was actually not much.

1. Su's Group will purchase 100% of the equity and assets of Jiayi Television with a capital of HK$10 million.

2. Lin Xiufeng is responsible for negotiating the equity of other shareholders, which is not related to Su's Group.

3. If one party is unable to complete or chooses to breach the contract, the breaching party will have to pay HK$5 million to the other party as compensation.

Su Cheng didn't even need to show it to the lawyer to know that there was nothing wrong with this contract.

However, he still handed the contract that he had already read to Su's Group's legal counsel.

After Yang Chaoye read the contract, he frowned and said directly: "Boss, why did you think of buying Jiayi Television? You have to know that Jiayi..."

"Don't ask too much for now. You sign this contract on behalf of Su's Group today, and I'll talk to you later. I won't trick you," Su Cheng patted Yang Chaoye on the shoulder, directly interrupting his words, and said with a smile.

Of course, he knew what Yang Chaoye wanted to say, but this wasn't a good place to explain.

Lin Xiufeng also paused when he heard Yang Chaoye's words, fearing that they would want to go back on their word.

However, after hearing Su Cheng's words, he felt relieved.

Yang Chaoye had been in Hong Kong for almost a month, and he and his wife often watched TV, so they naturally knew about Jiayi Television and were well aware of the disadvantages of Jiayi Television.

Since Su Cheng said so, he didn't ask any further questions. After all, Su's Group was Su Cheng's own industry, and after this period of contact, he didn't think Su Cheng would mess around.

Two or three days and five days didn't make much difference to Su Cheng.

After another half an hour, the two parties finally signed the contract.

At this moment, Lin Xiufeng felt that the mountain pressing down on his head had finally disappeared, and he felt much more relaxed.

Jiayi had become his heart disease, and now that he had decided to sell Jiayi, it could be considered a solution to his heart disease.