China Daily

"We venture to mention during the Qin Hui, but want to century-old, then I hope we only mention star America." as Qin Hui's brother, sing America Group boss Tan macro so when interviewed, said.

7 月 20, SMI announced that its wholly owned subsidiary of SMIIC ready to spend 55 million Hong Kong dollars from the Qin-hui won 25 hands of cinema, and has signed a letter of intent.

According to the plan, Star Group will abandon the United States over the past several business coexist, will focus on the film industries.

and the evolution of this strategy, Tan's brother went through 10 years of struggle.

legendary big brother

whether the United States Department of stars, or the lace color with the "heaven and earth", Qin-hui seems to be not open the ring around.

business registration information, "heaven on earth," the former dance halls Changtai Beijing Co., Ltd., was established in 1993. May 1997, Changtai dance halls to obtain approval by the State Trademark Bureau "PASSION" and "heaven and earth" in Chinese and English combined registered trademark. September 1999, the State Trademark Office approved the registration of persons registered trademark Change Tan Hui Ching funded Thai Food Entertainment Co., Ltd. Beijing.

was in 1999, Qin-hui began its first step into legend. He will be "heaven on earth" 75% of the shares under its own joint venture in Beijing Evergreen Thai restaurant and entertainment company, Business registration amounts of capital 1.95 million U.S. dollars. After the closure of decoration, "heaven and earth" from the old nightclub into KTV-style management structure, soaring consumption standards are followed.

According to informed sources, said "heaven and earth" light on when the account books, records of water a day reached more than 30 million. It is estimated that "heaven and earth" of the annual profit at least 20 million -3000 million.

such a stable cash flow, later gave birth to Qin Hui's "Zhuo Jing Xi," while also completed Tan Hui from the "Troubleshooters" player of the capital accumulation of capital.

In addition, the "heaven and earth," the high-end communication field, to bring a lot of powerful Qin Hui people. CCB President Zhang Enzhao in the former case, the prosecution's indictment on the disclosure of such details: in May 2002, in "heaven and earth," Parking, Zhang was the first time to accept the Tan Hui 1 million, after , through all, in exchange for 6.5 billion loan. Pei-Ying Li, chairman of Beijing Capital International Airport with the meet are exactly the same.

the media, Tan's brother, who used to have "heaven on earth" does not deny that, but stressed that "as early as five years ago, the transfer out."

However, it is five years ago, the "heaven and earth" to create, achievement of the Qin Hui the subsequent fate of the legendary big brother.

corresponding proof, Qin-hui's "Commercial childhood" Although little information was known to the outside world, but the number of primitive accumulation of power with a point.

1997 年 8 months, Tan Hui Zhuo Jing-commerce through, and his brother co-founded Chongqing Changfeng Wang Qin communications, investment 800Z mobile communications (CDMA predecessor), began to enter the telecommunications industry.

in Tan Hui control "heaven on earth" after a year, with an annual profit of 20 million -3,000 million revenue in 2000, the investment companies of Chongqing Changfeng Communication White (000892.SZ), established the first domestic capital platform. Meanwhile, the acquisition of a nationwide fiber optic backbone, in Sichuan, Chongqing, Hubei, Jiangsu established province-wide broadband MAN. The entire network coverage, broadband access to the four provinces forming network platform.

since 2001, Qin Hui's telecommunications map after 7 years in their business shape. Changfeng Communication to create content platform, docking Changfeng communications network users, a "telecommunication + media + technology" model of industrial investment and excellence in Beijing jointly established Changfeng Communication Group Co., Ltd. Star U.S. media. "Star America Line" was born.

started taking

have money and "capital strength" in 2002, Qin Hui's business expansion in nerve excited.

year in October, Qin Hui served as chairman of Changfeng Communication to begin large-scale investment acquisition of content and media assets of the company. Subsidiary company China Film Archive in Beijing China Culture Communication Company, Ltd. The theater, film base soar, U.S. film star and cultural Limited, Star U.S. Digital Media Co., Ltd., Shanghai Star U.S. Culture Co., Ltd. recorded in Britain Staercke Video Technology Co., Ltd., a dozen rooms.

"Telecom + Media + Technology" industry model, a time so sing America Group as the industry's dark horse, the speed of its acquisition and business model fade.

2003, the Qin-hui made force the capital market. For the integration of foreign entertainment content, and layout of the Hong Kong Capital platform, is acquisition of Oriental charm (00198.HK, later renamed "SMI"), flags Publishing Group (8010.HK, later renamed "The Star published in the United States"), mobile advertising (8036.HK).

Thus, Tan's brother control of four listed companies, with capital as leading to new media as a core and industrial pattern supported the content of the formation.

but Tan's brother, the pace of expansion did not stop. Published in 2003 through the acquisition of flags to control Hong Kong's oldest Chinese newspaper, "Sing Pao Daily News." Meanwhile, the acquisition of Sun TV, set up a content production and broadcasting platforms. In July of the cable television network co-operation with Fujian its launch China's first digital home entertainment channels; in September signed a strategic agreement with China Telecom, China Telecom, "megaupload" the first one of 13 strategic partners.

2004, the Tan Hui rely on SMI (00198.HK) Sichuan Internet cafe chain business acquisition and use of resources for the acquisition of Hunan Xiang Group Calculator (SZ000748), distribution of digital terminal equipment industry.

has no textual Tan brothers star for the U.S. group's views at that time. However, Qin Wang reporter to review the situation had star Mei Group, he said, "spreading itself too thinly, on management, human and capital formation of a lot of pressure."

In fact, around 2004, due to rapid expansion, Star Group United States already has 17 kinds of companies, also formed a link Zhuo Jing capital investment of 45 listed companies capital platform, the scale of fixed assets has reached nearly 2 billion yuan.

However, the Star Group's cash flow, the United States is facing torture. Qinhong Qing Xi remember, "At that time the Group's debt ratio is high." This group was directed Star expansion hurts the United States.

Not surprisingly, Qin-hui to 2005, is still defined as a brief history of the expansion of his business years.

year, Tan Hui shot acquisition of Great Wall Broadband, intended to Great Wall, a large user base of broadband content industry and the U.S. satellite docking, the establishment of telecommunications media giant aircraft carrier. And Great Wall Broadband CITIC Group and Great Wall Group, the results of negotiations on specific cooperation, China Construction Bank president Zhang Enzhao incident, Tan Hui involved.

though later left office, but star America Group and its related subsidiaries have been affected. In 2005 the U.S. began massive star stripped of bad assets, repay bank debt, to sell Sun TV, restructuring Changfeng Communication.

also in 2005, Tan Hui apply the relevant legal procedures, formal withdrawal "heaven on earth."

not known from the secret information to find out "Tianshan world" is helping to Qin Hui, however, perhaps because of his sensitive, in 2009, Pei-Ying Li, chairman of the Capital Airport case, he has stimulated bad luck.

difficult restructuring

but the twists and turns for the entertainment industry bigwigs are clear.

Tan Wang recalled, said, "suffer from the negative effects of time in 2005, -2,009 years, we have been in a restructuring into."

addition to the 2005 Exit Changfeng Communication, Sun TV, "heaven and earth", the 2009, Tan Hui out of star-US joint, from the New World Group Chairman Cheng Yu-tung's son-Doo Wai Hoi access plate. In 2009, Qin Hui and Yang Jiacheng signed an agreement to withdraw from Hong Kong "Sing Pao Daily News."

precise, the star is almost stripped of the U.S. film industry group in addition to all industries.

In fact, Tan Hui Mei Group has major star by Tan Hong care of business. Qin Wang's present status is SMI chairman, while in March this year, Tan Hui as the major shareholder of the equity holdings of SMI to 64.23%. Almost at the same time, the king Conrad will sing America the International Chairman of the Board s seat of the Qin Hong.

Tan macro framework described in the Star Group, said the United States, "listed companies is our strategic platform for the entire operation, so first of all the difficulties we resume trading after 4 years, finally achieved in late 2009."

to focus on the film industry, Qin Wang of the reporter explained that "the aspects of reality, our star is the U.S. media to digital media and established, and later into the traditional media, to the 2005 , we sort out assets of the company, I felt the film plate is relatively complete. At the time, as a pioneer, star, is the U.S. media has been ranked first, second cinema, has been in the Dan. " < p> According to information revealed that in 2009 the movie box office market reached 6.3 billion, while revenue from the industry as a whole, calculated in accordance with industry practice, 1:3, all film-related market reached 20 billion yuan plate.

in Tan macro view, the cultural industry in the film industry, from the economic stresses, is to see the final major piece of undeveloped property. Data show that the film industry box office per year to maintain 30% growth.

second pioneering

"No matter how the outside world to understand, I prefer to sing the U.S. group as a second pioneering the transformation." Qin Wang said, "and this transformation of the idea of the film industry, which I discuss the results with the Qin Hui. "

the film industry in Hong Qin plates, including film production, cinema distribution, construction and operation of cinemas, film base development, etc. .

2010 年 1 month, Qin Hui, "to Shahui carbine" gesture to the stars U.S. international capital injection. The notice showed that the major shareholders of Tan Hui company to release the amount of 100 million Hong Kong dollars of convertible notes, net proceeds of 99 million Hong Kong dollars with a possible investment in the future as funding and general working capital.

result, Qin Hui, together with SMIL (Strategic Media International, a large shareholder affiliates) together held 59.41% interest in the company, if the full conversion of convertible notes, for a total shareholding to 64.23%.

same time, the Tan brothers control the U.S. group to sing the star into the United States and the international quality assets. By the end of June, SMI announced that, SMI costs will be about 12 billion, including the issue of 480 million to Qin Hui HK convertible notes and about 24.4 million shares to acquire its own Admiral Team. The company already has GDL and SMIIC companies, the companies holding 12 Chinese cinema operators related to equity.

theater groups in the star map of the United States, the Qin Wang said, "We are in Beijing in July next year, is eight theaters in Shanghai we have three. We really want to form a national theater center of the 4 , northeast of Beijing as the leading North China, with Shanghai as the leader of the East China region, Guangzhou, Shenzhen, southern China as the leading Southwest center. "