Chapter 259 Officially Becoming TVB's Major Shareholder
Lee Ming Chak called him, and as expected, it was about the matter they had discussed that morning.
Sure enough, Lin Haoran soon heard the news he had been hoping for.
"Mr. Lin, I have discussed the matter with my family members regarding the sale of our TVB shares to you.
After my persuasion, they have agreed in principle to transfer all their holdings to you.
As for the price, after deliberation, they hope to calculate it based on a total valuation of HK$250 million, meaning for the 24% stake, they ask for HK$60 million.
Mr. Lin, how do you feel about this proposal?"
Lee Ming Chak spoke directly in front of his brothers and sister-in-law.
"Mr. Lee, I accept this price.
If possible, I hope to sign the share transfer agreement with you immediately.
How about it?" Lin Haoran responded without hesitation, somewhat surprised but very pleased.
Thus, he decided to quickly finalize the deal.
Originally, he had estimated that getting the TVB shares for HK$100–200 million would already be very satisfying.
He hadn't expected the Lees to ask for only HK$60 million—a price far lower than his expectations.
Such an attractive offer left him no reason to refuse.
At this point, Lin Haoran was eager to sign the contract immediately and lock the deal down.
After all, Run Run Shaw was lurking nearby, eyeing TVB as well.
The sooner the contract was signed, the better.
"Mr. Lin, you are truly decisive.
Since you are in such a hurry, how about this: please come to Lee Garden Hotel.
We are waiting for you on the 12th floor.
All my brothers and the sister-in-law are here," Lee Ming Chak said.
"Alright, Mr. Lee, I'll be there in half an hour!" Lin Haoran replied promptly.
"Good.
While waiting, I'll have our legal counsel draft the share transfer contract.
Once you arrive, you can review it, and if everything is fine, we can sign immediately," Lee Ming Chak said efficiently.
After hanging up, Lin Haoran couldn't suppress the smile on his face.
He hadn't imagined that becoming TVB's largest shareholder could be so easy—far simpler than he had anticipated.
Originally, he thought it might involve a fierce negotiation.
Now it seemed he had worried for nothing.
Although he didn't immediately have HK$60 million in cash on hand, that wasn't a concern.
Compared to his overall financial strength, HK$60 million was a drop in the bucket.
Hongkong and Shanghai Bank would likely approve his HK$2 billion loan by tomorrow.
And even if that fell through, he could easily pull HK$60 million from one of his companies.
This sum wasn't enough to trouble him.
Getting TVB's largest shareholder position for just HK$60 million was an absolute steal.
Had the Lees asked him to name a price, Lin Haoran would have been generous enough to offer HK$100 million without hesitation.
Now, without wasting any time, Lin Haoran gathered Li Weiguo and Li Weidong and hurried off to Wan Chai.
Although they had agreed on half an hour, it only took about twenty minutes for Lin's Rolls-Royce to reach the underground parking lot of Lee Garden International Hotel.
Escorted by staff, he took the elevator to the 12th floor.
Clearly, this was no longer the hotel area but the office section—the executive offices.
Walking down the corridor, he passed signs for the Deputy General Manager's Office, Chief Financial Officer's Office, General Manager's Office, Meeting Rooms...
After walking about ten meters, they stopped before a door.
The sign read: Chairman's Office.
The staff knocked gently, and the door opened.
Standing before him were five people Lin Haoran recognized immediately: Lee Ming Chak, Lee Luk Yin Kwan, and the other core family members.
They came forward to greet him.
"Mr. Lin, come in, please," Lee Ming Chak said with a smile.
Lin Haoran nodded and entered.
The office was spacious—over 100 square meters.
Despite the number of people, it didn't feel crowded.
Lin Haoran exchanged handshakes and greetings with the Lee family members before they all sat down.
"Gentlemen, I agree to the price you proposed.
Let's not waste time—let's finalize the contract.
I will transfer the HK$60 million into your accounts within two days!" Lin Haoran said directly.
He didn't intend to talk about anything irrelevant.
The most important thing was to sign the share transfer contract and secure TVB's shares.
"Mr. Lin, here's the draft contract prepared by our legal team just now.
Please review it to see if there's anything you'd like to amend," said Lee Ming Chak, handing over the document.
The Lee family, accustomed to signing countless contracts yearly, had no difficulty preparing a straightforward share transfer agreement.
Lin Haoran carefully read through the contract.
Finding no issues, he nodded and said,
"Alright, let's proceed with this contract."
Although young, Lin Haoran was no novice—he had signed multiple equity transfer agreements before and was very familiar with the process.
"Good.
I'll have it printed now," Lee Ming Chak said cheerfully.
Since the shares were split among four individuals, Lin Haoran needed to sign four separate contracts.
Everything proceeded smoothly.
Half an hour later, Lin Haoran had all four signed contracts in hand.
"Mr. Lee, this cooperation has been a pleasure.
I truly appreciate the Lee family's efficiency!" Lin Haoran said, laughing as he tucked the contracts into his bag.
This wasn't his first successful deal with the Lees—previously, Lee Ming Chak had sold him shares in China Gas, helping him defeat Jardines Matheson.
Now, they had smoothly sold him their TVB shares as well.
Thus, Lin Haoran had a positive view of the Lee family.
As for how they originally made their fortune—that wasn't his concern.
Just like when he dealt with the Ma family, who had historically questionable origins but still sold him Oriental Daily.
"Pleasure working with you too, Mr. Lin.
We hope this is just the beginning of a deeper relationship between the Lee family and yourself," Lee Ming Chak said heartily.
He was already laying the groundwork for the Lee family's future.
Lin Haoran's potential was obvious—he was bound to become one of the world's top business leaders.
Thus, aligning with him would only benefit the Lee family in the long run.
After all, the older generation of the Lee family was aging fast.
Even though the younger generation showed promise, they still needed experience.
Thus, future-proofing their family's influence required building strong alliances now.
"Mr. Lin, please stay and have dinner with us tonight.
Meanwhile, we'll fetch the official share certificates for you," said Lee Ming Qia.
"You're giving me the certificates before receiving the payment?" Lin Haoran asked with a smile.
"We trust you, Mr. Lin," answered Lee Rong Sen.
"Alright, I appreciate it.
Rest assured, I will transfer the money to your accounts by tomorrow at the latest," Lin Haoran said, very satisfied.
Once he held the certificates, there would be no turning back.
Thus, the Lee family's straightforwardness was only beneficial to him.
After that, Lin Haoran chatted with Lee Ming Chak in the office while the others went to retrieve the TVB share certificates.
Such important documents were kept in safes, naturally not something they would entrust to assistants.
That evening, Lin Haoran enjoyed a grand banquet at Lee Garden International Hotel.
And he officially took possession of the 24% TVB shareholding.
From that moment, unbeknownst to the rest of Hong Kong, Lin Haoran had become TVB's largest shareholder.
He couldn't help but wonder—what would Run Run Shaw's reaction be when he found out?
Lin Haoran was curious.
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