Chapter 501 Target China Motor Bus and Kowloon Motor Bus!

You want the horse to run and not eat grass.

This is impossible.

In the previous life, the professional managers around Li Jiacheng were all paid well, especially Huo Jianning, who was the highest paid professional manager in Hong Kong, with an annual salary of over 100 million yuan, and was known as the first working emperor in Hong Kong.

Now, these people in front of him are the most important executives around Yang Ming, and their own salary and benefits are already at the highest level.

Yang Ming felt that it was not enough, so during the Spring Festival, he specially gave them a valuable gift.

Like Mai Lisi, Yang Ming gave him a villa in Taipingshan.

Now that Hong Kong's housing prices have skyrocketed, a villa in Taipingshan is not cheap.

These executives in front of them are very satisfied with the gifts they received.

Yang Ming left Mai Lisi and Wei Li, and the others left first.

This study room only has Mai Lisi and Wei Li for the time being.

The two stayed, of course, knowing that there was something important.

Yang Ming looked at Wei Li.

It must be said that Wei Li participated in many acquisitions in history, but most of them failed.

Including being driven out of Hutchison Whampoa by Lee Ka Shing, and fighting against Chinese Estates with Liu Lianxiong, and finally Weeley lost.

"This time I keep you here because it is about swallowing up Zhongba and Kowloon Motor Bus in Hong Kong."

Zhongba?

Kowloon Motor Bus?

Zhongba, the full name of which is "China Motor Bus Company Limited", is a long-established Chinese-owned public utility listed company. It was founded in 1933 by two families, Yan Chengkun and Huang Wangcai, who were also related by marriage.

However, later the Huang family continued to sell Zhongba shares, and the Yan family became the major shareholder of Zhongba.

At that time, there were six bus companies in Hong Kong, among which Zhongba of Yan Chengkun and Huang Wangcai, Kowloon Motor Bus (then called Kowloon Motor Bus Company) founded by the Deng Zhaojian and Lei families, and Kai Tak Motor Bus Company all provided bus services in the urban area of ​​Kowloon.

The routes of these three companies were similar, and the competition was quite fierce.

In 1933, the Governor's Office of Hong Kong put the bus service franchise of Hong Kong Island and Kowloon into separate bidding. Yan Chengkun, Huang Wangcai and others successfully won the bus service franchise of Hong Kong Island, and then reorganized Zhongba to establish China Motor Corporation, and took over the business of the original three bus companies in Hong Kong Island, monopolizing the bus service patent of Hong Kong Island.

Kowloon Motor Bus also successfully won the bus service franchise of Kowloon and the New Territories.

Since then, the transportation industry in Hong Kong has formed a "two-part world" situation.

Just like the Hong Kong Electric Company and the Kadoorie family's China Light and Power Company in Hong Kong today, monopolizing the Hong Kong electricity market.

For Zhongba and Kowloon Motor Bus.

In fact, Yang Ming has been paying attention to it for a while, and has been asking people to quietly buy shares of Zhongba and Kowloon Motor Bus.

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 Kowloon Motor Bus by purchasing or exchanging shares.

The major shareholders of these two companies were afraid of capital from Country Y and directly refused.

By the end of the 1970s, the land price in Hong Kong had risen sharply. Zhongba owned a large number of cheap and high-quality lands such as car factories and parking lots, and its asset value had risen sharply. However, Zhongba's conservative management style remained unchanged and did not improve much, so that the stock price was significantly lower than the net asset value for a long time.

This attracted the covetousness of emerging wealth.

Among them, it was Pai Li Bao, a subsidiary of the Great Eagle Group.

The boss of the Great Eagle Group was Luo Yingshi, who owned a large amount of industrial land in the New Territories in the 1970s. In 1976, the profit of Great Eagle was only 5 million Hong Kong dollars.

However, in 1980, the profit had exceeded 100 million Hong Kong dollars.

In 1979, Luo Xurui, the second son of Luo Yingshi, who graduated from Hong Kong University, joined the Great Eagle Group. The other party was an expert in financial management and raised more funds for the Great Eagle Group through a series of financial means.

When Great Eagle entered a period of rapid development, in May 1980, Great Eagle formed its hotel business into Regal Hotels Group, and listed in Hong Kong in October of the same year, publicly offering 160 million new shares at a price of HK$1.9 per share, raising HK$300 million to build two Regal hotels in Tsim Sha Tsui East and the airport.

Later, Great Eagle acquired 61.68% of the shares of Yongchangsheng, a small real estate listed company, at a price of HK$106 million through Regal Hotels.

In January 1981, Yongchangsheng acquired a number of properties from Regal Hotels in cash and by issuing new shares, including the site of the Regal Hotel in Shatin, and approximately 10% of the shares of Zhongba and Kowloon Motor Bus, and changed its name to Palibao Investments.

At this time, the number of listed companies controlled by the Luo Yingshi family had increased to three, including the Eagle Group, Regal Hotels and Paliburg, with a market value of HK$3.35 billion. Among the Chinese real estate tycoons, it ranked fifth after Li Jiacheng's Cheung Kong Industries, Guo Desheng's Sun Hung Kai Properties, Zheng Yutong's New World Development, and Chen Songqing's Jianing Real Estate.

Eagle's covetousness of Zhongba, Kowloon Motor Bus and other public utility listed companies with a large number of cheap land reserves actually began as early as 1980.

However, the acquisition of Kowloon Motor Bus was preempted by Sun Hung Kai Properties. In November 1980, Sun Hung Kai obtained the cooperation of Paliburg, and Sun Hung Kai's acquisition failed. In the end, it only acquired 23% of Kowloon Motor Bus.

Eagle's Paliburg partially acquired Zhongba through a series of means.

. . .

In the end, when the Yan family reacted, they still successfully defended Zhongba's controlling rights.

Historically, this acquisition case has 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, Zhongba’s 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. Not only did we lose China Bus and Kowloon Bus, we didn’t even think about making profits in the stock market.

Updated Chapter 4!

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