Wenzhou businessman Yemousi acquisition of British TV station

Source: Internet
Author: User
Keywords Acquisitions Wenzhou Chamber of Commerce Yemousi
Tags businessman economic enterprises group local local government media named
Yemousi, a Wenzhou businessman named Lu Xi, recently announced a takeover of a British satellite television station, which was originally funded by the local government, as a platform for spreading Chinese culture. 3 years ago, another Wenzhou businessman, Wang Wei, bought a state-owned television station in the UAE.  Wenzhou merchants have repeatedly bought overseas media in recent years, and began to use the media for overseas promotion of Chinese enterprises. Yemousi The news that the media had bought the TV station in Portugal.  reported that Yemousi as chairman of the West Beijing Group has wholly acquired a British satellite television station, known as Propeller, Chinese name was translated into a propeller. "Daily economic news" reporter learned that Yemousi is still in Portugal, the reporter repeatedly called his cell phone were no answer.  Mr. Chen, the Secretary general of the Wenzhou Chamber of Commerce in Beijing, told reporters yesterday that Yemousi's purchase of television was his personal business decision, and the Chamber of Commerce did not know much about it. The West Beijing Group staff told reporters yesterday that most of the management is still in Europe, handling the acquisition of the TV station follow-up work.  The staff member said it was not clear the amount involved in the transaction. Yemousi 1988 to Beijing, founded in 1994, West Beijing Advertising Co., Ltd., became the predecessor of the West Beijing Group. At present, the group's business has been extended to minerals, real estate, manufacturing, advertising printing and international trade and other fields.  Yemousi also serves as President of Wenzhou Chamber of Commerce in Beijing. It is reported that Yemousi, as president of the Beijing Wenzhou Chamber of Commerce, participated in the China Economic and trade delegation, with Premier Wen Jiabao's visit to Britain in the beginning of this year, which found that propeller TV station lost government subsidy due to the financial crisis and needed investment. The acquisition was preceded by six months of contact.  A person familiar with the matter told reporters yesterday that it was not possible to conclude that the deal had been successfully completed. Data show that, in February 2006, Propeller was founded by the British Greensby Institute affiliated company Image Channel Co., Ltd., the first European digital satellite television channel to broadcast the original program, which was transmitted via BSkyB satellite.  The television station was first played in Yorkshire, England, and then landed in dozens of European countries. Yemousi announced that it would borrow the TV station to spread Chinese culture and history in the UK. In addition, China's economic development and product brands are also important content. The future will also open Chinese columns, foreign "promotion" of Wenzhou.
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