Chapter 159: Jiuding Cultural Media Group

"Boss, you wanted to see me?" Yan Wenhan asked respectfully, guessing that perhaps the boss had some plans after reviewing the submitted statistics.

"Sit down first, don't stand!" Xia Yu gestured towards the sofa and said.

"Thank you, Boss!" Yan Wenhan said, then sat on the sofa and fixed his gaze on Xia Yu, waiting for instructions.

"Wenhan, I've been thinking. With the increasing variety of our company's business and our preparation to enter the comic industry, managing it within Jiuding Media would likely cause confusion and hinder business development. So I plan to spin off some of the businesses to establish separate subsidiaries. Please make a note and send someone to register a few companies."

Xia Yu said thoughtfully.

The comic industry is quite different from print media. If it were included in the company, it would be difficult to manage. It's better to set up a separate subsidiary for vertical management and clear boundaries.

Moreover, some businesses within Jiuding Media have the potential for greater growth, but only if they are spun off and managed by specialized professionals can they develop rapidly.

"Boss, please give your instructions!"

Yan Wenhan's expression became serious as he prepared to take notes.

"First, register a company called Jiuding Cultural Media Group as the holding parent company. Set up the offshore ownership for the parent company so that it shows I hold 10% of the shares."

Xia Yu began to speak.

When Jiuding Media was established, Xia Yu's strength was still weak, and he didn't have the capability or the funds to hide company shares offshore. The company was registered with Xia Yu showing 100% ownership.

It was manageable when Xia Yu was weaker, but now Jiuding Media is a leading company in newspapers and magazines and has successfully expanded into book publishing due to the success of *The Search for the Dragon*. 

So now, Jiuding Media is effectively a large corporation.

Although it's not listed, Xia Yu has an approximate valuation of Jiuding Media in mind. Given the current trend, even without further rapid growth, Jiuding Media's annual revenue should be over 100 million HKD. Even with a conservative five times price-to-earnings ratio, it would have a valuation of 500 million HKD, comfortably within the top 100 companies in Hong Kong.

The reason it's not on the list yet is partly because the Economic Research Office subconsciously overlooked it, and also because Jiuding Media's establishment was relatively recent. Beyond the initial million-dollar advertising revenue, subsequent figures haven't been disclosed, so the exact revenue is unknown.

However, over time, even if Xia Yu doesn't disclose financial reports, industry insiders will make their own estimates, and Jiuding Media will inevitably make the list.

And being on the list early would be beneficial for Jiuding Media; delaying it isn't ideal.

If Jiuding Media does make the list, Xia Yu will certainly provide a fair valuation to maintain the authority of the business rankings, so the suppression must end.

However, with Xia Yu holding 100% of the shares, once it's revealed, Jiuding Media's ranking will not only be high but Xia Yu himself will likely rise on the wealth rankings. Adding Jiuding Securities into the mix, his net worth could reach 600 million, creating quite a sensation.

While Xia Yu's personal reputation will rise, trouble will also follow.

As the old saying goes, "Don't reveal your wealth." Xia Yu is fully aware of this principle.

Therefore, he must hide his wealth as soon as possible to obscure it from most people.

Jiuding Securities has already handled the shareholding concealment, and now only Jiuding Media remains!

As for the higher-ups, it's inevitable they will find out. After all, those at the top are often aware of such things and will likely recognize Xia Yu's capabilities as long as they acknowledge him.

Thus, shareholding concealment has significant benefits, including tax avoidance, with almost no downside. Xia Yu wouldn't pass up on this opportunity.

Once Yan Wenhan finished recording, Xia Yu nodded slightly and continued, "Jiuding Media will serve as the first subsidiary of the newly established cultural media group."

"Separate the publishing business from Jiuding Media to create Jiuding Book Publishing Company. Find a headhunter to recruit a professional for the book publishing industry. Thanks to *The Search for the Dragon*, our foundation is solid, and our distribution channels span Southeast Asia. It would be a waste not to utilize it!"

"The third is Jiuding News Agency, which will also be a separate subsidiary. It needs independence to better handle external business."

"The fourth is the upcoming comic industry. Register a company called Jiuding Comics Ltd."

After finishing his instructions, Xia Yu fell into thought again.

Yan Wenhan recorded the details and saw Xia Yu deep in thought, so he dared not interrupt and quietly waited.

After a moment, Xia Yu relaxed his brows. He planned to register companies for some future industries he intends to enter, to avoid management issues later.

Otherwise, if he waits until he wants to enter a field like comics and has to register a new company, it would be troublesome and impact the company's positioning.

So Xia Yu decided to make a long-term plan. While detailed planning was not feasible at the moment, he could register the necessary companies first and occupy the positions. This would allow him to actively seek opportunities in relevant industries, which would be highly beneficial.

It's like outlining a plan. Once the outline is set, there's no need to worry about deviating from it!

"The cultural media and entertainment markets are vast and cover many smaller sectors. We will definitely enter these areas in the future, so we need to register some additional companies in advance."

Xia Yu said slowly, and Yan Wenhan immediately prepared to continue recording.

"Let me think about which companies to establish, but one thing to remember is to place all these companies under Jiuding Cultural Media Group."

"Understood! I'll arrange for this as soon as I step out!" Yan Wenhan answered solemnly.

Xia Yu nodded in satisfaction, thought for a moment, and spoke again.