In fact, Shao Yifu has been the controlling shareholder of more than 50% of the shares from 1980 to 1987.
If Xu Jinyang wanted to snatch Shao Yifu's controlling stake in those years, it might be difficult.
But Shao Yifu never imagined that there would be a raptor like Xu Jinyang thinking about his controlling stake.
Therefore, Shao Yifu actually sold 23% of the shares to an Australian consortium in 1987.
Therefore, Shao Yifu originally owned 56% of the shares. If Xu Jinyang used normal methods, it would be impossible to get the shares from him.
Well now, Shao Yifu sold 23% of the equity to the Australian consortium, and the system got the 23% equity from the Australian consortium to Xu Jinyang.
Moreover, no money was spent, all procedures were complete, and by the time Shao Yifu realized it, Xu Jinyang had 57 shares in TVB.
After Xu Jinyang took control of TVB, he sorted out the development of TVB first.
First of all, TVB has already been listed. In order to avoid the impact of the stock market crash on the stock price, Xu Jinyang made preparations in advance.
TVB TVB was originally affiliated to Heung Kong TV Broadcasting Group. It was listed on the Hong Kong stock market in 1984 and became a constituent stock of the Hong Kong Hang Seng Index in 1985. In 1988, TVB replaced Heung Kong TV and formed an independent listed company. According to the market value of TVB's share price in 2005, it was more than HK$15 billion, making it the world's largest Chinese-listed communication (adbe) media company.
The main business of wireless TV is two free TV channels of Xiangjiang: Jade Channel and Pearl Channel, which broadcast Cantonese and foreign language programs respectively. On November 19, 1967, the opening ceremony of Jade Terrace and Pearl Terrace was held at the Ocean Terminal, and was presided over by the then Governor of Hong Kong David Trench. At the beginning of the station, some programs were broadcast in color, and then it was fully broadcast in color in 1972.
TVB's initial headquarters was located in Broadcasting Road, and moved to Clear Water Bay in 1988. TVB had about 200 employees at the beginning, and about 5,000 full-time employees worldwide (including more than 200 artists).
In terms of overseas business, TVB established Television Broadcasting (International) Co., Ltd. in 1976 to provide services such as TV program production, pay TV, satellite channels and video rental for overseas regions. In other overseas TV stations, programs produced by TVB are broadcast, and the programs will also be broadcast and distributed with local dialect voices.
Charity fundraising programs organized by TVB every year include "Happy Tung Wah" and "Stars Shine in Baoliang". Other large-scale programs, such as Taiwan celebrations and the annual "Miss Xiangjiang" election at the end of July, will be broadcast overseas. TVB's drama series are also well-known internationally, and many Xiangjiang stars started their film and television careers in TVB.
TVB has recruited most of the entertainers in Hong Kong, and once created a monopoly in the form of contracts. Among them, the Xu Brothers' movie "Deed of Sale" satirizes the use of contracts by TV stations in the 1970s to control the development of artists. Xiangjiang is still one of the few places in the world where artists from various TV stations cannot "communicate".
In the early 1990s, after the government legislated to ban the broadcast of cigarette advertisements, TV stations lost a stable and huge source of income; in addition, in the mid-1990s, cable TV and satellite TV entered the Xiangjiang market, and Wireless’s leading position and influence in Hong Kong were lost. weakened, its original market share has been carved up by multiple competitors and other emerging media.
Another main reason for TVB's loss of popularity in Hong Kong is that TVB's self-produced programs in recent years are old-fashioned and dull, with low taste, and outsourced programs are out of touch with the trend. Calling housewives with low levels of knowledge "teachers") satirizes that TVB almost only serves housewives and ignores audiences from other classes.
After Xu Jinyang took over TVB, he planned to reorganize TVB. .
