Xiatian then asked the valuation department of Bank of East Asia to estimate the real estate, non-listed companies and other shares he held, and successfully borrowed US$1.7 billion.

Although he is the largest shareholder of Bank of East Asia and holds more than 50% of the shares, he can enjoy some special benefits when applying for a mortgage loan.

For example, the mortgage rate can be set higher. Generally, the mortgage rate is around 30% to 60% depending on the product, which means that mortgaged items worth 100,000 Hong Kong dollars can be borrowed up to 30,000 to 60,000 Hong Kong dollars. The lower the mortgage rate, the smaller the risk the bank faces.

In summer, you can enjoy a mortgage rate of 80%; that is, a mortgage worth 100,000 yuan can be borrowed from 80,000 Hong Kong dollars, which is about one-third more than others.

For example, the loan speed is naturally much faster than others. If other companies or individuals want to apply for a loan, they have to wait at least half a month. Especially for such a large loan, the review period is normal for more than one or two months. However, in summer, they can get a loan in just ten days. In comparison, it is really much faster.

For example, the repayment period can also be set longer. For general corporate loans, the repayment period is set to three years. However, in summer, you can enjoy a five-year repayment period, which greatly reduces his repayment pressure.

However, despite these benefits, after applying for the mortgage loan in the summer, he still found that he had no money. To be precise, there was not much cash.

Now all his money has been turned into stocks, equity, and he is also burdened with nearly 100 billion Hong Kong dollars in debt. The monthly repayment alone is as high as 1.2 billion Hong Kong dollars, which is really a huge burden.

"No wonder those rich people always say that if you have more money, you won't be yours. I'm just working for a bank now." Xia Tian said with a wry smile.

I really don’t know, I was shocked when I calculated. I have to pay 1.2 billion Hong Kong dollars a month and 40 million Hong Kong dollars a day. Thinking about it, it’s really scary.

But how can you say that, only by enduring hardships can you become the best. The pressure on repayment is a little greater, but after making money in the future, the returns will be quite generous.

For example, Microsoft, Oracle, EA, Cisco, Adobe, etc., the stocks of these high-tech companies are now only owned by summer.

After a few years, when they grow, it will not be 100 billion Hong Kong dollars, but 100 billion US dollars. At that time, these benefits will be their own in summer and there is no need to be distributed to others.

So although it is harder to pay back so many loans now, as long as you survive this period, the road to peace is ahead.

...

Just when the summer was busy applying for a loan, Michelle also formulated a acquisition plan with the acquisition team, and then officially sent a acquisition offer to Turner Broadcasting Corporation.

The news immediately alarmed the American media.

The acquisition party is Xia Xue, the owner of Rainbow Media Holdings. Americans know that she is Xia Tian’s sister and has a close relationship. She had acquired Rainbow Media, a giant in the American cable TV industry. Now she is going to acquire another giant Turner Broadcasting Company again. In addition, Summer acquired Columbia Pictures and Geffen Records not long ago, which makes people exclaim, "Hong Kong people are going to buy the United States!"

The acquisition of Turner Broadcasting Corporation is a giant in the American cable TV industry, accounting for nearly 30% of the cable TV share. Its TBS channel is the cable TV channel with the richest film sources in the United States, and its CNN is the most influential news channel in the United States.

Once Turner Broadcasting and Rainbow Media Holdings merge, the new company will occupy nearly half of the US cable TV market and will have a viewership of more than 50 million users. And its film library will reach an astonishing 7,000 pieces, which will be a huge asset.

Both the acquirer and the acquired party are so topical, so after the news broke out, the American media immediately left behind the Hangover and all began to report on the acquisition.

Faced with this acquisition, the media has different interpretations.

Some agree with the acquisition, believing that it is a reasonable business activity. As long as the acquired party agrees to the acquisition, as long as the Federal Communications Commission (FCC) approves it, the acquisition can be completed.

The opposing party believes that Xia Xue’s funds come from Xia Tian, ​​and Xia Tian is not an American. So this acquisition is obviously Xia Tian’s exploitation of loopholes in US law and using Xia Xue as a personal account to achieve holdings of American TV stations.

Congress should seize the time to legislate and eliminate this phenomenon. The US Federal Institute of Fiat should stop this acquisition and avoid external forces from controlling the US mouthpiece.

The party who agrees and opposes fights, and public opinion is surging for a while.

Just as the media was busy verbal battle for this acquisition, the Hangover, which has been criticized, finally breathed a sigh of relief.

Long Mayer followed the instructions of summer and made big advertisements on teenagers' favorite mtv channels, gymnasiums, etc. For a time, the exposure of "Hangover" increased greatly.

In the second week of release, the box office has accumulated to $28 million, and it is only one step away from returning to the capital.

...

Turner Broadcasting Corporation's offer to Rainbow Media Holdings has received mixed responses.

Most shareholders are willing to sell their shares because Turner Broadcasting now has a large share of the American cable TV market, but it is still far from making a profit. Instead, Ted Turner insists on arbitrary acquisition of MGM and owes nearly $2 billion in huge debts.

So now, although Turner Broadcasting Company is beautiful on the surface, it is actually in debt, which makes many shareholders physically and mentally exhausted, hoping to get rid of the quagmire as soon as possible. Now some people are willing to take over and buy at high prices, which is better for them.

However, Ted Turner, the founder of Turner Broadcasting, has a lot of opinions on this and does not agree to the sale at all. Because in his opinion, cable TV and cable news are the future development direction of TV, so Turner Broadcasting's future prospects are unlimited.

Now, for the sake of one or two billion US dollars, it is too short-sighted, so he is determined not to sell it.

But the problem now is that on the board of directors, most shareholders agreed to sell and did not want to carry the baggage with Ted Turner anymore.

Therefore, Ted Turner had no choice but to stand up and use the media to speak to the outside world, not welcome the company to be acquired. At the same time, he sent a letter to the Federal Institute of Fiat, the Federal Communications Commission, and even the United States, asking them to stop Rainbow Media Holdings' acquisition of its company.
Chapter completed!