Chapter 501 Targets China Bus and Kowloon Bus!
I want the horse to run but also want the horse not to eat grass.
This is impossible.
In his previous life, the professional managers around Li Jiacheng had high salaries. In particular, Huo Jianning was the professional manager with the highest annual salary in Hong Kong, with an annual salary of over 100 million, and was known as the No. 1 working emperor in Hong Kong.
Nowadays, these people in front of him are the most important executives around Yang Ming, and their salaries and benefits are already at the highest level.
Yang Ming felt that it was not enough, so he specially gave them a valuable gift during the Spring Festival.
Like Merliss, Yang Ming gave him a mid-level villa in Taipingshan.
With housing prices in Xiangjiang skyrocketing, a villa in Taipingshan is no longer cheap.
The executives in front of them were very satisfied with the gifts they received.
Yang Ming left Mai Lisi and Wei Li behind, while the others left first.
In this study room, only Melis and Weili were left for the time being.
The two of them stayed, of course they knew there was something important.
Yang Ming looked at Wei Li.
It has to be said that in history, Weili has been involved in quite a few acquisitions, but most of them failed.
Including being driven out of Hutchison Whampoa by Li Jiacheng, and fighting Chinese real estate with Liu Lianxiong, Wei Li lost in the end.
"The purpose of leaving you this time is to swallow up Xiangjiang Zhongba and Kuba."
Zhongba?
KMB?
Zhongba's full name is "China Automobile Co., Ltd.". It is an old Chinese-owned public utility company. It was founded in 1933. The founders are Yan Chengkun and Huang Wangcai, two families who are related by marriage.
However, later, the Huang family continued to sell Zhongba shares, and the Yan family became the largest shareholder of Zhongba.
At that time, there were six bus companies in Hong Kong. Among them, Ngan Cheng-kun and Wong Wang-choi's Zhongba and Tang Shiu-kin, Kowloon Motor Bus founded by the Lei family (then known as Kowloon Motor Company), and Kai Tak Motor Company all provided bus services in Kowloon city.
The three companies are following similar routes and the competition is quite fierce.
In 1933, the Governor's Office of Hong Kong held separate tenders for the bus service franchises in Hong Kong Island and Kowloon. Yan Chengkun, Huang Wangcai and others successfully won the bus service franchise in Hong Kong Island, and then reorganized Zhongba and founded China Motor Co., Ltd. It took over the business of the three original bus companies in Hong Kong Island and monopolized the bus service patent in Hong Kong Island.
KMB has also successfully bid for bus service franchise rights in Kowloon and the New Territories.
Since then, Xiangjiang's transportation industry has formed a situation of "two parts of the world".
Just like the Heung Kong Electric Light Company in Hong Kong and the China Electric Power Company of the Kadoorie family, they have a monopoly on the electricity market in Hong Kong.
For Zhongba and KMB.
In fact, Yang Ming has been paying attention to it for some time and has been quietly asking people to buy shares in Zhongba and KMB.
in history.
At about the same time, someone had already targeted Zhongba.
In the mid-1970s, the United Overseas Transport Company from country Y hoped to control 30% of Zhongba and 45% of KMB's shares by purchasing or exchanging shares.
The major shareholders of these two companies were afraid of Country Y capital and directly refused.
By the end of the 1970s, land prices in Xiangjiang had risen sharply. Zhongba owned a large number of cheap and high-quality land such as car factories and parking lots, and the asset value had increased significantly. However, Zhongba's conservative business style remained unchanged and did not improve much, so that the stock price rose sharply for a long time. Below Net Asset Value.
This has aroused the covetousness of emerging wealth.
Among those eyeing Zhongba is Bailibao, a subsidiary of Great Eagle Group.
The boss of Great Eagle Group is Luo Yingshi. In the 1970s, he owned a large amount of industrial land in the New Territories. In 1976, Great Eagle's profit was only HK$5 million.
However, in 1980, the profit exceeded 100 million Hong Kong dollars.
In 1979, Luo Yingshi's second son Luo Xurui, who graduated from Xiangjiang University, joined the Great Eagle Group. The other party was a master of financial management and raised more funds for the Great Eagle Group through a series of financial means.
Great Eagle has since entered a period of great development. In May 1980, Great Eagle formed its hotel business into the Regal Hotel Group. In October of the same year, Great Eagle was listed on the Hong Kong Stock Exchange and publicly offered 160 million new shares at a price of HK$1.9 per share, raising 300 million. Hong Kong will build two Regal hotels in Tsim Sha Tsui East and the airport in January.
Later, Great Eagle acquired a 61.68% stake in the listed small real estate company Yongchang Shing through Regal Hotels for HK$106 million.
In January 1981, Yongchangsheng acquired a number of properties from Regal Stores in cash and by issuing new shares, including the site of the Regal Riverside Hotel in Shatin, as well as about 10% equity each in Zhongba and KMB, and changed its name to Bailibao Investment.
By this time, the number of listed companies controlled by Luo Yingshi's family had increased to three, namely Bao Yingjun, Regal Hotels and Bailibao, with a market value of HK$3.35 billion. Among the Chinese real estate plutocrats, they were second only to Li Jiacheng's Changchun Industrial and Guo The victorious Sun Hung Kai Properties, Zheng Yutong's New World Development, and Chen Songqing's Jiani Real Estate ranked fifth.
Eagle King's covetous pursuit of public utility companies with large amounts of cheap land reserves, such as Zhongba and KMB, actually began as early as 1980.
However, KMB's acquisition was taken first by Sun Hung Kai Properties. In November 1980, Sun Hung Kai obtained the cooperation of Bailibao. SHKP's acquisition failed and ultimately only purchased 23% of KMB's equity.
In Great Eagle, Bailibao used a series of means to partially acquire Zhongba.
. . .
When the Yan family finally reacted, they successfully defended Zhongba's controlling interest.
Historically, this collection case has had a great impact.
Although the acquisition of Great Eagle Biopoly failed, it still made a profit of HK$30 million. The Yan family successfully retained its controlling stake with the help of external capital.
Yang Ming had already targeted Zhongba and Jiuba.
Even if they want to take a fancy to the Law Eagle Family or Sun Hung Kai Properties, they may not have a chance.
"I have asked people to quietly buy 31% of Zhongba's shares and 35% of KMB's shares."
these two companies.
At the end of last year, Zhongbaβs market value was still around HK$500 million, but now it has soared to HK$800 million.
The market capitalization of KMB is approximately HK$800 million.
In fact, they have gone up a lot.
Since 1978, Yang Ming has been targeting the stock prices of these two companies to buy them.
From a few yuan per share to more than 20 yuan per share now, for the Imperial Group, these two companies have actually made a lot of profits.
If it were not for the consideration that Chinese capital such as Great Eagle Group and Sun Hung Kai may be looking at the land of these two companies, Yang Ming would not want to take action so quickly.
Yang Ming is targeting these two companies for the domestic market.
"Boss, you mean to swallow these two companies?"
Willie asked.
"Maybe there are other capitals in Xiangjiang that are interested in the land accumulated by these two companies. Therefore, it is still suitable to acquire it."
For Yang Ming, whether it is Kowloon Motors or China Motors, for him, it is equivalent to a listed company of about 1 billion Hong Kong dollars. Compared with the previously acquired Wharf, Hutchison Whampoa, and even Jardine Matheson Land, it is inferior Too far.
These two companies do have a monopoly on bus travel in Xiangjiang. The most important thing is the high-quality land in their hands.
Whether it was the Luo family and his son of the Great Eagle Group, the Yan family of the Zhongba Group, or the Lei family, the major shareholder of KMB, Yang Ming didn't pay much attention to them.
"Boss, I know what to do."
"I'll leave this matter to you."
Today is Friday.
Tomorrow and the day after tomorrow are Saturdays and Sundays, and trading on the Hong Kong Exchange will be suspended. However, the third day of the new year is a Monday, and it can be traded through the exchange.
Wei Li can also go directly to the Yan family and Lei family. If the two families are smart and willing to hand over their controlling rights, they will still make a good profit. Otherwise, Wei Li can make additional purchases through Hutchison Securities Company. Not only did we lose China Bus and Kowloon Bus, we didnβt even think about making profits in the stock market.
Updated Chapter 4!
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