Special Expert of Beauty CEO

Chapter 540: Chapter 542: Entering the Entertainment Industry!

”Although I’m not a part of Beijing’s entertainment circle, I do have a lot of besties who are intricately linked to it, and I’m often more informed about certain matters than those inside the circle.”

”Giggle, little brother, I didn’t expect that you were planning to make your way to Beijing to develop your career, and even dipping your toes into the entertainment industry, I’ve really underestimated you.”

”About this matter that you mentioned, I can help you. Give me a few minutes, I’ll make a call to inquire, and get back to you afterwards.”

Fan Bing was full of confidence about helping Qin Tian, which made him feel deeply impressed. Indeed, she was a woman from a noble family, different from other women.

After hanging up, Qin Tian and Liu Fei’er hadn’t had dinner yet when Fan Bing’s call came in.

”I asked around a few companies, but my bestie suggested one that seems reliable and has a sizeable scale. It’s best if you talk to them first.”

After speaking, Fan Bing gave Qin Tian a phone number and said, ”The key person is Jin Changshu, a rather famous culture man in Beijing. He owns a company that is said to be doing well. However, recently, due to his illness and his desire to change careers, he’s looking to sell his company. You could talk to him. My friend already sent him a text message, so you can just arrange to meet up directly.”

”Alright, thanks, Sister Bing.”

”Hmph, as long as you know I’m good to you, that’s enough for me. I’m a bit busy right now and will hang up. Call me when you’re free.”

Fan Bing ended the call with a meaningful remark.

Qin Tian hadn’t expected Fan Bing to be so efficient. Within just a few minutes, she had found him a seller ready to let go of his company.

Given the circumstances, Qin Tian didn’t intend to delay any further. After dinner with Liu Fei’er, he called the seller, Jin Changshu.

The name Jin Changshu was easy to remember. For Qin Tian, a gambling master, it instantly stuck in his mind.

The call was answered by an old man. Upon hearing Qin Tian introduce himself, the man got straight to the point, indicating his interest in selling the company, and the two arranged to meet at a nearby tearoom for discussions.

Liu Fei’er had no plans, and at Qin Tian’s suggestion, decided to join as well.

Jin Changshu was an elderly man with glasses and graying hair, looking to be in his seventies, not very spirited, but with bright, spirited eyes.

Accompanying Jin Changshu was his son, Jin Changying.

”You father and son look so alike. Not just by names, but also in appearance.”

Upon meeting at the tearoom, Qin Tian couldn’t help but jest.

”Hehe, he’s my son. If he didn’t look like me... well, then my wife might have some explaining to do. Hahaha.”

Despite being an older adult, Jin Changshu’s sense of humor was lively, eliciting laughter from everyone.

Jin Changying’s eyes landed on Liu Fei’er and he said with curiosity, ”This beautiful lady, I seem to have seen you somewhere before.”

Liu Fei’er was momentarily puzzled: ”Really?”

Jin Changying posed in thought and said: ”It seems it was in an advertisement... Hiss, I can’t remember which one.”

”Qin’s Scar Removal Ointment.” Liu Fei’er said with a smile in response.

”Oh, that’s right, Qin’s Scar Removal Ointment! My, you are even prettier in person than on TV.” Jin Changying complimented.

The negotiation unfolded in a relaxed atmosphere. Jin Changying, acting as Jin Changshu’s assistant, brought a slew of documents about the company, including the balance sheet, profit and loss statement, cash flow statement, and short-term and long-term loans documents, handing all of them to Qin Tian.

Qin Tian reviewed the company’s documents while listening to Jin Changying’s introduction of the company.

”Tianyun Entertainment Company?”

Liu Fei’er, who was sitting beside him, suddenly noticed a familiar name and was taken aback.

Caught by her reaction, Qin Tian also noticed the name and immediately realized the connection.

What a coincidence, Tianyun Entertainment Company!?

”Is there a problem, President Qin?” Jin Changshu asked.

Qin Tian shook his head, ”No,” and his face showed a mischievous smile.

Although not a finance expert, Qin Tian could comprehend the financial statements well enough. The core business of Tianyun Entertainment Company was robust, featuring a dozen signed male and female stars, including A-listers as well as those on the B and C-lists.

Additionally, Tianyun Entertainment Company had a subsidiary film and television production company as well as a film and music studio. The company’s operations and departments were well-structured.

The only unflattering part was that Tianyun Entertainment Company’s profits had been declining year by year. In recent years, the movies and TV series produced by Tianyun Entertainment didn’t achieve the expected revenue, leading to the company’s operational state looking okay on the surface, but with a substantially diminished realizable value. By last year, Tianyun Entertainment was practically in a loss-making situation.

”I’m impressed with Mr. Jin’s thorough introduction of Tianyun Entertainment, and I’m interested in acquiring it. To be clear from the start, I’m looking for a full acquisition. Any issue with that, Mr. Jin?” Qin Tian set down the materials he had reviewed and inquired.

Jin Changshu smiled and said, ”No issue at all. My whole family is preparing to emigrate, and we want to sell the entire company to someone who is intent on managing Tianyun Entertainment well.”

”That’s ideal.” Qin Tian nodded, then got straight to the point, ”So, Mr. Jin, what’s your asking price?”

”For a package deal, including the company’s liabilities, our asking price is two billion.” Jin Changshu stated.

”Two billion?!” Liu Fei’er was momentarily stunned.

After all, despite Tianyun Entertainment’s extensive setup, the company was both unlisted and heavily indebted. Two billion was considered a steep price.

”Hehe, Mr. Jin, your asking price is a bit steep. Your company’s debt-to-asset ratio is already at 70%. If I take over and assume the debt, my highest offer would be one billion.”

Qin Tian countered, effectively halving Jin Changshu’s asking price.

”President Qin, you slash prices quite dramatically. My father asks for two billion, and you counter with one billion. Isn’t that a bit too ruthless?” Jin Changying said with a chuckle.

”It’s not about being ruthless. It’s about what I believe is a fair price. Both you gentlemen surely understand the real value of Tianyun Entertainment, and one billion is the most appropriate price,” Qin Tian stated.

Jin Changshu gave a faint smile, took a sip of tea, and replied: ”My final offer, one billion five hundred million. Mr. Qin Tian, I see you are eager to buy, so I’ve cut down fifty million. One billion five hundred million is my bottom line. Tianyun Entertainment is involved in every aspect of the entertainment industry. If you buy it, as long as you manage it properly, I guarantee you’ll only profit, and you might even consider taking it public in the future.”

”One billion five hundred million, an immediate payment of fifty million and the remaining one billion to be paid over four years at twenty-five million per year. If Mr. Jin accepts my proposal, then we have a deal,” Qin Tian proposed thoughtfully.

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