The Qin family's strength in Malaysia is very good. The most important thing is that the Qin family owns theater chains. Sixty percent of the theater chains in Malaysia are controlled by the Qin family.
It is precisely because of this that the Qin family is qualified to enter Zhang Fan's eyes and to cooperate with Longteng Group.
The two parties established a joint venture, with Longteng Group accounting for 51% of the shares and Qin Family accounting for 49%.
Controlling rights are a prerequisite for cooperation, but the company's president was given to Qin Kun. Moreover, Longteng Group stated that if the company does not suffer large-scale losses in the future, Qin Kun will not move in this position.
The joint venture company established is a cinema chain company, and what they want to do is cinema chains. Longteng Group brings technology and funds to prepare for the large-scale investment, construction and installation of Longteng giant-screen cinemas in Malaysia.
Everyone knows the fame of Soaring Dragon Screen. Jurassic Park made Soaring Dragon Screen completely famous. Even now, many tourists still go to China to experience Soaring Dragon's super hall.
There is no cinema of that level in Malaysia. Now Longteng Group has brought this product and is preparing to build one hundred large cinemas in Malaysia.
Even though there are only a hundred theaters, the investment in each theater is huge. And each theater can accommodate a very large number of people.
It can be said that these one hundred cinemas are the top cinemas in Malaysia. Each cinema has eleven halls, including ten standard halls with 240 people and one Class A hall with 600 people.
In other words, a cinema can accommodate 3,000 people watching movies at the same time.
One hundred theaters can accommodate 300,000 people watching movies at the same time. This number is already quite terrifying, after all, the entire population of Malaysia is only over 30 million.
These 100 cinemas are more than enough. The investment in these cinema chains is huge, including equipment, houses and other things. The investment budget for each cinema chain is about 100 million yuan.
One hundred theaters is 10 billion, which is too big a deal. According to the shares, the Qin family needs to spend 4.9 billion yuan.
For the Qin family, it is naturally impossible to come up with this money. But fortunately, Longteng Group is willing to advance it. In the future, it will be deducted from the profits of these theaters, so this money is temporarily lent to the Qin family, but this money
There is interest, and the interest is not low.
For the Qin family, this is nothing but a white wolf. The Qin family will naturally not refuse, but the Qin family also knows what Longteng Group wants.
They want to use the Qin family's relationship to develop in Malaysia. The cooperation between the two parties is not only about theaters, but the future cooperation in movies is the most important.
Cinema chains have a large investment, but these cinema chains have one requirement. That is, the house must be owned by oneself, which means that the house is not rented, but is the property of the joint venture company.
Calculated this way, investing 100 million in a cinema is not expensive. After all, each cinema requires a large house.
Fortunately, housing prices in Malaysia are not too expensive. If they are similar to those in first-tier domestic cities, you can’t even buy a house for 100 million yuan.
The houses in Malaysia are freehold, and you own them if you buy them.
The entertainment industry is the first step in the plan. Longteng Group not only invests in theaters, but also establishes a joint venture for film and television companies.
This film and television company has many shareholders. In addition to Longteng Group and the Qin family, there are also more than a dozen shareholders. These shareholders are all very powerful people in Malaysia.
They knew what Zhang Fan wanted, and Zhang Fan also knew what they wanted. A joint venture to make money together and jointly develop the Malaysian market.
Xu Hui's side has achieved good results, and the negotiations on the other side are coming to an end.
“A pleasure to work with...”
“A pleasure to work with...”
In the capital of Malaysia, under the witness of reporters, an acquisition officially came to an end. The acquisition had been negotiated for several months.
Now that the curtain has finally come to an end, the news has also come out with horror. When it was announced, both Malaysian and Chinese netizens were shocked.
Longteng Group acquired 49.9% of Malaysian Proton Group's shares and 51% of Luster's shares for 470 million ringgit.
Not only that, the Tesla Group has also obtained the most important management rights. Proton’s largest shareholder, the Malaysian state investment agency State Holdings, only enjoys dividend rights.
In the future, unless Proton loses money for three consecutive years, Ma Fang will be able to take back control.
There are strict agreements here, and Longteng Group will naturally do the best. Simply put, in the future, Proton under the management of Longteng Group will lose its controlling stake unless it suffers huge losses for three consecutive years.
For Longteng Group, if it really goes any further in the future, then this brand will probably have little meaning.
Proton Group is a national brand in Malaysia, the largest automobile company in Malaysia, and the only mature vehicle manufacturer in Southeast Asia.
But this glory cannot bring profits, and Proton Group has been losing money for many years. Because the entire Southeast Asian market is dominated by Japanese cars.
The strength of Proton is far behind the technology of Japanese cars. Ma Fang is very emotional about this brand. So this time they made concessions and gave up management rights and so many shares.
This is all for technology, Tesla's electric car technology. Because Tesla promised that Proton will also use it in future body-changing cars.
To put it simply, Proton's position is the same as Hongqi's. In the future, they will both be Tesla's replacement vehicles.
For Longteng Group, the acquisition of Proton is a very important step in the automobile industry. After acquiring Proton, it can use Proton as a springboard to promote electric vehicles to Southeast Asia.
Traditional fuel vehicles cannot compete with Japanese cars, but in the field of electric vehicles, no one dares to challenge Tesla, not even Japanese cars.
However, all countries in Southeast Asia are right-hand drive vehicles, so Tesla's body-changing vehicles still need to make some changes. After all, domestic vehicles are left-hand drive.
Taking Malaysia as the fulcrum and targeting the entire ASEAN countries. This is Longteng Group's plan. In terms of physical manufacturing, the electric vehicle industry is what they are best at.
Acquiring Proton and completing the production of re-shelled vehicles in Malaysia. For Malaysia, this will not only allow Proton to turn a profit, but also increase employment and allow them to learn advanced technologies.
This is the same as domestic joint venture brands, and the idea is the same. The Huaxia Automobile joint venture also followed this route back then.
This news caused heated discussions in China and also made major car companies around the world nervous. Especially Japanese car companies, they did not expect Longteng Group to reach out abroad so quickly, and directly reach out to the Southeast Asian market they control.