This country is going to shit..... Americans, Europeans, now the Chinese buying all our companies.... better your kids start learning Mandarin cause it will be the second language AUSTRALASIAN will speak on business matters...... Hoyts sold to Chinese billionaire 2014-12-23 The Hoyts cinema chain has been sold to an investment company founded by Chinese billionaire Sun Xishuang. Hoyts - which also includes a network of DVD and Blu-Ray rental machines, and the Val Morgan advertising group - was sold to ID Leisure Ventures for an undisclosed sum. ID Leisure is a Virgin Islands-based investment fund founded by Mr Sun, an entrepreneur who owns majority interest in the Dalian Yifang Group, a Chinese conglomerate, and other investments. Hoyts chief executive Damian Keogh on Tuesday said his company looked forward to moving ahead with a new investor. "Hoyts is embarking on a number of exciting opportunities and together with ID Leisure, we will continue to invest in the exceptional customer experience currently offered to 20 million attendees annually," Mr Keogh said in a statement. "Innovation and expansion will be a focus following the recent launch of Hoyts Lux, a new premium cinema experience which will be rolled out across Australia and Zealand." Hoyts cinemas includes 400 screens across Australia and New Zealand, rental machines in 650 locations and the Val Morgan cinema screen advertising operation. Pacific Equity Partners acquired Hoyts in 2007.
hehehe I bet it does sound good to you Caput... .you from the US right? the land that has sold their soul to every other country now....sold your jobs, your banks, your economy, your debts..... It's a shame that Australia has taken the US lead and absolutely destroyed the whole country's economics and principles on back of the "Empire" trendy, knowledge and friendship...NOT...... It's sad to see that the US have exported worldwide "walmart type of people and mentality"..... these people have only hair on their heads.... no brain..... We do need a reset urgently......I'm serious....
This educational tutorial video will explain to you Shermer Illinois [youtube]http://www.youtube.com/watch?v=89Ou-iK2_kQ[/youtube]
What person in their right mind would buy a cinema chain? After that are they going to buy up all the blockbuster video's?
Blockbuster is kaput. Go to the cinema any night of the week, plenty of people willing to pay $25+ per movie and double that on drinks, chocolate etc. This country is going to shit because foreigners are buying all the profitable businesses? Ridiculous. If anything they're keeping it afloat. What businesses have you started from scratch and succeeded in to provide sufficient competition?
That's not the problem.... the problem is the core profit that DOES NOT stay within the countries GDP and/or contribution to prosperity for it's individuals.... Foreigner corporations will take up to 3/4 of core profits out of countries.... Now, Mr. Xishuang(another Wang Jianlin), also Chairman of Dalian Yifang Group Co Ltd(Asset Management - Financials) in the US, is now well positioned in many "key" countries...... OZ land is a treasure park for future minerals/resources explorations well in the future.... these same "business man" that are buying real estate and business in foreigner countries know it..... and when the cycle comes to OZ land and real estate prices come down to REALITY prices, they will be set for a shopping spree to land, mining companies and what ever natural resources(water/land/food)...... Real Estate and Business purchases are only entry level for the strategic wealth matrix.....resources are the goal/ultimate. No House..... this is not ridiculous at all... it's reality.... and unfortunately, our PUBLIC SERVANTS have been in bed with them for EVER...... no matter what race or where they come from..... lobbying / dirt money talks..... So , yes.... Mandarin will be an important language to do business in the AUSTRALASIAN in a near future..... get your kids hooked up on the "opportunity" if we can say that......
Well, "cheap" is a state of mind..... how about the massive rise in cost of living? How about the export of jobs from this country? Knock in the wood.... but, what if you, your wife or your kids or family members and friends starts losing jobs and cannot find another because this same "cheap and wonderful deals" ? Manufacture power in a country is powerful and must be intact at high levels.... it's a core business/wealth creation for a country.... Look Japan for example, If they were not capable of manufacturing( Mitsubishi, Toyota, Nissan, Honda, Canon, Bridgestone, Toshiba, etc, etc, etc....) they would have folded years and years ago...... Not counting that Japan is a country of savers and not like the USA or here in OZ, countries of debt/spenders that use OPM(other's people money) to buy everything..... There is a massive difference in wealth between living in credit/debt and being debt free...... Cheap electronics(raw materials) should be a "NORM" nowdays..... the fantasy of thinking that an IPAD is cheap is a joke...... say APPLE... what a scrupulous business that is.... they made the TREND and now sell hardware/software at 10000% to suckers that will pay for it..... Apple pays $193m tax in Australia on $27b revenue as Federal Government vows to capture lost taxes .....""If I pay $600 for an iPad in Australia, then $550 is paid to Apple Ireland and out of the $550, $220 is not taxed anywhere in the world," Dr Ting explained."..... http://www.abc.net.au/news/2014-03-...ow-apple-pays-193m-tax-on-27b-revenue/5303426 http://theconversation.com/apple-itax-made-in-ireland-designed-in-the-us-24061 Obviously we are reaching a global economic time peak... it needs a reset urgently......no wonder countries around the globe are REPATRIATING their gold back home ASAP.... it's coming Thick and Fast..... cheers
i guess iphones and lcds work out cheaper if you have to buy one every week for some reason. but yea my increase cost of living sure out weighs any cost savings from the TV i purchased 3 years ago and mobile i purchased like 5 years ago. (yes i don't upgrade my mobile every year, that will blow a lot of peoples mind)
Telstra bought Asian telco Pacnet a few days ago so lets call this a draw? http://www.abc.net.au/news/2014-12-23/telstra-buys-pacnet-for-858-million-dollars/5985018
yep we really do need that sarcasm smiley - I was being sarcastic Tell the Australian population to stop buying cheap stuff made in China - that is cheap because workers in China are exploited and paid a pittance While we buy crap and send our money overseas, why is anybody surprised when that money comes back to buy our property and businesses ? And yes, iPads ARE cheap, because they are made cheaply in China by exploited workers Make an iPad in the US or Australia and see how much it would cost - regardless of how much profit Apple tacks on
No we are simply seeing the long term trend continue - there is no peak or reset coming - just more of the same trend Industry has been moving from so-called Western developed countries to Asia The wealth has been moving from the West to the East for 20 years now - perhaps now it is only becoming more visible to the general population
