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Insight | No Shell Support, Mao's Records Worth Nothing
Director Chen Kexin once directed the domestic film “China Partners,” which tells the entrepreneurial story of the three founders of New Oriental (09901). New Oriental was once a dominant force in the education industry, but now faces policy shifts and a new period of adaptation.
Hong Kong also features stories about three local partners, which are equally popular and widely discussed. When the news of Mao’s Kitchen Kwai Chung (01716) selling its property broke, the market responded with various interpretations, mostly from an emotional perspective. Some even chose to unsubscribe and resist due to ideological reasons. Truly understanding the underlying logic from a financial and market operation perspective is rare.
Based on the asking price and background of the new and old owners, it is clear they have little interest in Mao’s Kitchen’s original media business.
(Excerpt)
Au Ka-lin escapes from Central
Please refer to today’s Hong Kong Economic Journal for the full article.