Chapter 509 Empire Group Swallows up China 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 & 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 intervene 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 majority shareholder with absolute control.

But is it possible?

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

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 morning.

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 succeeded in buying 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 go 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 Jie Ling and others looked at him with hatred, as if Wei Li had caused her father to be like that.

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

Yan Chengkun sighed.

"Now, my boss Sir Yang has come and is outside the ward. Sir Yang asked you if you would like 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 got up from the bed in a hurry.

He really hated the Empire Group's acquisition of China Bus. However, among all the Chinese capital in Hong Kong, he admired Sir Yang the most.

When Yan Chengkun got up from the bed in a hurry, he went out without wearing shoes, and saw the young Sir Yang.

"Sir Yang."

"Mr. Yan."

Yang Ming and Yan Chengkun went inside.

The three siblings of the Yan family hated Sir Yang, but they were also a little afraid of him.

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

The others could only go outside.

Yang Ming stood there.

Yan Chengkun looked at Yang Ming, and only then did he realize that he was really far behind Sir Yang.

If he went back to 30 years ago, when he was the same age as Sir Yang, he would be even worse than Sir Yang now.

"Mr. Yan, you speak first."

"Sir Yang, in the capital market, China Bus, as a listed company, is willing to accept the loss. I lost, but I thought about it last night and lost with conviction."

Yang Ming had someone secretly buy 31% of the shares, and he didn't know anything about it.

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

"Mr. Yan, I tell you the truth, China Bus is just like that to me, not as important as I imagined, and it is much worse than the four major foreign companies in Hong Kong. But why I acquired it, it's not because of the market in Hong Kong."

Not because of the market in Hong Kong?

"What do you mean, Sir Yang?"

"In my opinion, Hong Kong is still too small. I have always set my sights outside Hong Kong. That is to say, the market of China Bus is not only in Hong Kong, just like the Hong Kong Electric Company."

Hong Kong Electric Company?

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

At this moment, Yan Chengkun understood. He had always been staring at the small piece of land in Hong Kong. He never thought that Sir Yang's goal had already been far away.

"This time I came here, in addition to checking your condition. This time you were like that, it was indeed caused by the acquisition of the Empire Group. However, the global capital market is like this. You acquire me, I acquire you, the big fish eat the small fish. Even if I don't make a move, there will be other capitals in Hong Kong that will target you."

In history, the Eagle Group of the Luo father and son, Pai Li Bao, and Sun Hung Kai Properties, etc., were actually watching them.

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

Yan Chengkun nodded.

"Just now, the Empire Group has completed its purchase of China Bus. Together with the shares before last night, the Empire Group has acquired 55% of China Bus, which means it already controls China Bus. The Yan family is still the second largest shareholder of China Bus. I don't reject your existence. However, there must be a big change in management. You can think clearly within the Yan family, whether to continue to retain shares and stay in China Bus, or sell the shares to the Empire Group."

Historically, although the Yan family finally succeeded in fighting back against the Luo family.

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

In order to control costs, Chung-Bus never added new buses to its fleet between 1984 and 1988, causing its service level to deteriorate. In addition, the opening of the Hong Kong Island Line of the Mass Transit Railway in 1985 posed direct competition to Chung-Bus, resulting in a significant decline in Chung-Bus' customer base. By 1987, 53 of Chung-Bus' approximately 100 bus routes were in the red, casting a shadow on the prospects of Chung-Bus' franchised bus business.

When the Governor's Office issued the Hong Kong Island public bus franchise to Chung-Bus in 1933, the original validity period was stipulated to be 15 years.

After the war, the Governor's Office re-granted Chung-Bus a 10-year franchise in 1947, which was later extended for three years.

In 1960, the Governor's Office granted Chung-Bus a 15-year franchise, and in 1975 it issued another 10-year franchise, and in 1978 it approved the extension of the franchise to 1987 in advance.

However, in the 1980s, Zhongba was accused of declining service standards. Citizens often criticized its buses for being late and missed, its fleet being old and dilapidated, and its buses being unhygienic. This prompted the Governor's Office to review Zhongba's service and governance issues, and shortened Zhongba's franchise to a renewal period of every two years.

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

A Transport Department employee once privately criticized that the management of Chung Bus was like an old family business with no future in sight. Legislative Council elected member Lau Chien-shih even criticized that the Chung Bus headquarters in North Point had fallen into disrepair, and that the interior seemed to have gone back to the 1950s. He questioned whether Yan Chengkun and the management of Chung Bus lacked the concept of modern bus operations.

In fact, although Yan Chengkun was already 90 years old when he entered the 1990s, he was still in control of Chung Bus with a clear mind. He returned to the headquarters every day to manage the business, and sometimes worked 11 hours.

However, as the governance problems of Chung Bus worsened, public opinion criticized him for becoming low-key, stubborn and calculative. He was highly valued by the Governor's Office in the 1950s and 1960s, but at this time he had resigned from most of his public duties for a period of time, and his relationship with the Governor's Office was not as close as before. It was rumored that he had refused to meet with Transport Department employees and was even described as "living in his own fantasy".

In addition, Yan Chengkun appointed his daughter Yan Jieling as the executive director of Chung Bus, but Yan Jieling was considered to have poor relations with the labor side and the government. There were rumors that Yan Jie Ling liked to meet with the Transport Department staff late at night and treat them with overnight cakes; she also scared off the labor representatives by hitting a water cup with a ruler during a labor strike negotiation.

There were also rumors that the Governor's Office had privately asked Yan Jie Ling to resign as the executive director of Zhongba, but was rejected.

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

Zhongba even lost its franchise, so it is conceivable how unsuccessful the Yan family was in managing Zhongba in the later period.

However, now that China Motor Bus has fallen into the hands of the Empire Group, this will naturally not happen again.

The second chapter will be updated!

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