Chapter 509 The Imperial Group swallows up Zhonghua Bus! Mr. Yan loses

Chapter 509 The Imperial Group swallows up Zhonghua Bus! Mr. Yan is convinced that he lost! !

That night.

Yan Chengkun, the major shareholder and chairman of China Bus Company, was so angry that he vomited blood. Who knows who spread the news, and it quickly made major news in Hong Kong.

in addition.

At Hutchison Securities Wanzi Branch and Central Branch, many investors from China Bus Company queued up overnight to register and sell their shares to Empire Group tomorrow.

It can be said that the era of the Yan family of Chunghwa Bus has long passed.

What's more, there is no comparison between the Yan family and Sir Yang of the Imperial Group.

Under such circumstances, the Yan family's attempt to counterattack would undoubtedly be like a desperate struggle.

In particular, the Liao family immediately sold their shares. The Imperial Group obtained 45% of the shares of China Bus and was already the largest shareholder.

late at night.

Yang Ming is still in the study.

Wei Li is already here.

From the beginning, Wei Li knew that taking down the Chunghwa Bus would be easy.

However, I didn't expect that the Yan family would want to cause so many things.

"You mean Yan Chengkun went to Li Jiacheng, the Liao family, and finally Ye Mouzun from Xinchang Real Estate came to help?"

In Yang Ming's previous life, he studied the acquisition of China Bus by the Great Eagle Group of Law \u0026 Sons in the name of Bailibao.

Wei Li was also involved in this acquisition. However, in the end, he was not able to fully control the company and only made 30 million Hong Kong dollars.

In fact, the highest price of China Bus was raised to more than 40 yuan per share, and finally returned to 5 yuan per share.

In history, without Yang Ming and the Imperial Group, the Yan family almost failed. Now facing the more powerful Imperial Group, how could it be the opponent of the Imperial Group?

"Yes, both Li Jiacheng and the Liao family refused, that is, the Ye family helped. However, the Ye family helped with conditions. Among them, the Yan family mortgaged the corresponding properties to the Ye family. In addition, if the Ye family again If we control China Bus, then the properties of China Bus will be jointly developed with Xinchang Real Estate."

I have to say that the man named Ye is also very smart, and he may have already set his sights on the land of Zhonghua Bus.

"Boss, the Liao family is very smart and quickly sold all the China Bus shares it controlled to the Imperial Group. Now, even without additional purchases, we already own 45% of the shares of China Bus. I heard that Yan Chengkun just now has He was so angry that he vomited blood and was sent to the hospital for emergency treatment."

As a professional manager, Weili didn't feel anything.

If the Yan family was willing to negotiate with the Imperial Group yesterday, the Yan family would not have to suffer too much of a loss.

If the stock price falls back to a few dollars per share by then, it will probably be uncomfortable for the Yan family.

If the Yan family, as the second largest shareholder at that time, stays, it will only be able to occupy one or two director positions at most. However, it is impossible for the Yan family to interfere in the management of China Bus.

If the Yan family is unwilling to stay in China Bus and wants to sell the stock price at a high price, it is no longer possible.

It used to sell for 30 yuan per share, but now it sells for 5 yuan. What a difference. Therefore, when Yan Chengkun heard that the Liao family had sold its shares to the Imperial Group, he was so angry that he vomited blood.

"Go and see Mr. Yan tomorrow."

"Yes, boss."

Weili went back to rest that night.

Yang Ming went to Teresa Deng.

Teresa Teng looked at Sir Yang.

"I heard that you acquired another company?"

"Isn't that what Xiangjiang is like? Either you buy me, or I buy you."

This kind of thing is actually like this in the capital era.

If you want to avoid being acquired by other large-capital companies, there is only one way, and that is not to go public for financing, or to remain the absolute majority shareholder.

But is it possible?

Almost all companies in Xiangjiang have developed through financing, and it is impossible for them to remain unlisted.

Deng Lijun was next to Yang Ming, and she always felt that there was something different about Yang Ming.

When Yang Ming returned to the villa to rest.

. . .

Early the next day.

Yang Ming just came down from upstairs.

Keira was already up too.

"Sir Yang, congratulations, you have swallowed up another big company."

It was Chunghwa Bus that Kayla was talking about.

Last night, Imperial Group had swallowed up 45% of the shares. After successfully purchasing more shares this morning, it must have exceeded 55%.

Because last night Weili announced an increase in purchases to 49%.

At that time, it was already 39.1%. Who would have thought that the Liao family would suddenly sell all those shares to the Imperial Group. In other words, I still bought about 10% more shares this morning.

So many investors had already queued up last night. As expected, they must have successfully swallowed up the shares of China Bus. Moreover, the news now says that Yan Chengkun was so angry that he vomited blood and was admitted to the hospital.

"I'll go to the hospital to meet Mr. Yan later. You and I can come over and have a look."

Keira takes note.

Yang Ming finished breakfast with his parents, Kayla and Diana.

Yang Ming and Kayla got into the Rolls-Royce.

Get out of here by car.

When Yang Ming came outside the hospital, Wei Li was already here.

"boss."

Wei Li came over to say hello.

Yang Ming, Wei Li, Kayla, Zhang Guohua and others went inside.

Yan Chengkun is living in a separate ward.

The reason why Yan Chengkun acted like that last night was actually because he was so anxious that he suddenly became irritated.

Liao Baozha was so angry that he died of cerebral hemorrhage because of this.

Yang Ming and others came over.

Now, Yan Chengkun's family is here.

Weili went over to say hello first.

However, when Wei Li came over, Yan Jieling and others looked at him with hatred, as if Wei Li had caused her father to do what he did.

Wei Li looked at Yan Chengkun on the hospital bed and said, "Mr. Yan, the shopping mall is like a battlefield. I have no personal hostility towards you. I told you the day before yesterday, but you just didn't listen."

Yan Chengkun sighed.

"Now, my boss Sir Yang is here. He is outside the ward. Sir Yang asks you if you want to meet him? If you don't want to see Sir Yang, Sir Yang asked me to say sorry to you."

Sir Yang is here?

Yan Chengkun was surprised and hurriedly got up from the bed.

He really hated the Imperial Group's acquisition of China Bus. However, among the many Chinese investors in Hong Kong, Sir Yang is certainly the one he admires the most.

When Yan Chengkun hurriedly got up from the bed, without putting on his shoes, and went outside, he saw the young Sir Yang.

"Sir Young."

"Mr. Yan."

Yang Ming and Yan Chengkun went inside.

The three siblings of the Yan family hate Sir Yang a little, but they are also a little afraid of Sir Yang.

"I want to talk to Mr. Yan alone."

Others can only go outside.

Yang Ming stood there.

Yan Chengkun looked at Yang Ming. At this glance, he realized that he was really far behind Sir Yang.

If we go back to thirty years ago, when we were the same age as Sir Yang, the difference between that time and Sir Yang now would be even greater.

"Mr. Yan, you speak first."

"Sir Yang, in the capital market, China Bus, as a listed company, is willing to admit defeat. I lost. However, I thought about it last night and I am convinced that I lost."

Yang Ming had someone quietly buy 31% of the shares a long time ago, but he didn't know any news at all.

From this point of view, Yan Chengkun knew that he had lost miserably.

"Mr. Yan, let me tell you the truth. China Bus is just that important to me. It is not as important as I imagined, and it is much worse than the four major foreign banks in Hong Kong. However, why I acquired it is not actually because The market in Xiangjiang.”

Isn’t it because of the market in Xiangjiang?

"What do you mean, Sir Yang?"

"In my opinion, Xiangjiang is still too small. I have always set my goal outside of Xiangjiang. In other words, the market of China Bus is not only in Xiangjiang, just like the Xiangjiang Electric Company."

Xiangjiang Electric Lighting Company?

"After acquiring China Bus, I plan to develop inland and overseas."

At this moment, Yan Chengkun understood. While he had been staring at the one-third-acre land in Xiangjiang, he never imagined that Sir Yang's goal had already been seen far away.

"I came here this time not only to check on your condition. What you did this time was indeed caused by the acquisition of Imperial Group. However, the global capital market is like this, you acquire me, I acquire you, the big fish eats the small fish , even if I don’t take action, there will still be other capitals eyeing you in Xiangjiang.”

Historically, the Laws and Sons' Great Eagle Group's Palibo, as well as Sun Hung Kai Properties, etc., in fact, they all watched.

However, this time Yang Ming got there first and didn't give those people a chance at all.

Yan Chengkun nodded.

"Just now, the Imperial Group's additional purchase of China Bus has been completed. Including the shares before last night, the Imperial Group has obtained 55% of the shares of China Bus, which means that it already controls China Bus. The Yan family is still the third owner of China Bus. The second largest shareholder, I am not opposed to your existence. However, there must be big changes in management. You, the Yan family, can consider clearly whether you should continue to retain the shares, stay with China Bus, or sell the shares to Imperial Group.”

Historically, although the Yan family eventually successfully fought back against the Luo family.

However, since Huang Yaonan withdrew from Zhongba's board of directors, Yan Chengkun has become the only permanent director still in office. Zhongba's overall situation is controlled by Yan Chengkun and his children, and his style has become increasingly conservative.

In order to control costs, Zhongba never added new cars to its fleet from 1984 to 1988, causing service levels to deteriorate. In addition, after the opening of the Island Line of the Mass Transit Railway in 1985, it formed direct competition for Zhongba. Bus passenger numbers dropped significantly; by 1987, 53 of Zhongba's approximately 100 bus routes were experiencing losses, which cast a shadow on the prospects of Zhongba's franchised bus business.

When the Government-General issued the Hong Kong Island public bus franchise to Chung Ba in 1933, the original validity period was 15 years.

After the war, the Governor-General re-granted a 10-year franchise to Zhongba in 1947, which was later extended for three years.

In 1960, the Governor-General granted Zhongba a 15-year franchise, and then issued a 10-year franchise in 1975. In 1978, he approved the extension of the franchise to 1987 in advance.

However, in the 1980s, Zhongba was accused of deteriorating service standards. Buses were often criticized by the public for delays and departures, an aging and dilapidated fleet, and poor hygiene in bus carriages. This prompted the Government House to begin a review of Zhongba's service and governance issues. And shortened Zhongba's franchise to renew every two years.

Many public opinions attributed Zhongba's governance problems to the family-style management of Zhongba by Yan Chengkun and his children, believing that they were conservative in style, resisted change, and failed to keep up with the times.

Some members of the Transport Department once criticized privately that Chung Ba's management was like an old family business with no foreseeable future. Elected member of the Legislative Council, Lau Chin-sik, even criticized Chung Ba's headquarters in North Point for falling into disrepair, and the interior seemed to go back in time to the Fifth Century. In the 1900s, the management of Yan Chengkun and Zhongba were questioned about their lack of modern bus operation concepts.

In fact, even though Yan Chengkun was 90 years old in the 1990s, he still had great power over Zhongba because of his clear thinking. He returned to the headquarters to handle business in person every day, sometimes working 11 hours.

However, as Zhongba's governance problems worsened day by day, public opinion criticized him for becoming low-key, stubborn and calculating. He had been highly employed by the Governor's Office in the 1950s and 1960s, and had already stepped down from most of his public duties for a period of time. His relationship with the Governor's Office is not as close as it used to be. It is said that he once refused to meet the Transport Department clerk and was even described as "living in his own fantasy."

In addition, Yan Chengkun appointed his daughter Yan Jieling as executive director of Zhongba, but Yan Jieling was considered to have poor relations with labor and the government. There are rumors that Ngan Kit-ling likes to meet with Transport Department clerks late at night and entertains them with overnight cakes; she also once frightened off labor representatives by hitting water glasses with an iron ruler during labor strike negotiations.

There are also rumors that the Governor-General has privately asked Gan Jieling to resign as executive director of Zhongba, but was rejected.

The unfavorable rumors about Zhongba's management from the outside world show that Zhongba's various governance issues have laid the groundwork for the Hong Kong government to terminate Zhongba's franchise.

Zhongba even lost his franchise rights. One can imagine how failed the Yan family was in managing Zhongba in the later period.

However, now that China Bus has fallen into the hands of the Imperial Group, it is naturally impossible for this incident to happen again.

Updated Chapter 2!

Please subscribe! !