Chapter 951 Hunting 2 Bus Companies

Just as Xia Yu was drinking tea, Wang Qi walked in with a folder and immediately said, "Chairman, I have brought the information of Kowloon Bus and China Bus, and Xiangjiang is the only two bus companies, so let's go together. Bring it here, maybe it can be used."

"Well, just bring it here, let's watch it together later."

Xia Yu said with a smile, then took the folder, opened it, and the cover that caught his eye had the words "Kowloon Bus Co., Ltd." written on it.

He took out the document, and the other document with "China Automobile Co., Ltd." written on the cover was temporarily left in the box.

Opening the cover, Xia Yu looked at it quietly.

The bus service industry in Hong Kong also has franchise rights. Kowloon Bus Co., Ltd., founded in 1933, has the franchise rights of the bus industry in Kowloon and the New Territories. , Tan Huantang, Lin Mingxun and others jointly funded the establishment.

After more than 40 years of development, Kowloon Bus Company Limited now has more than 1,700 buses.

Kowloon Bus Co., Ltd. had a considerable and stable profit before, and the year-end dividends for shareholders were very good, which was very popular among investors. Therefore, in 1972, the market value reached 200 million Hong Kong dollars.

However, in 1975, considering the influence of the bus industry on people's livelihood, the Hong Kong government ordered the implementation of profit control, limiting the annual rate of return to no more than 16%, which made Kowloon Bus Co., Ltd. lose its right to increase prices.

As a result, Kowloon Motor Bus Co.'s profits plummeted and shareholder dividends fell, and Kowloon Motor Bus Co.'s share price has fallen into weakness since then.

Faced with this situation, the founders Tan Jia and Lin Jia successively reduced their stock holdings, and also thought of quitting the bus industry and using funds to invest in more promising industries.

Today, nine years later, the market value of Kowloon Bus Company Limited is only about HK$420 million.

No, considering that the share price of Kowloon Bus Company Limited has plummeted today, the market value has now fallen below HK$400 million.

Of course, Kowloon Bus Co., Ltd. is a company established for more than 40 years, and it is reasonable to say that its assets will not be small. In particular, the bus company occupies a lot of land, and its assets will definitely not be only a few hundred million Hong Kong dollars.

But in fact, it was in 1961 that Kowloon Bus Co., Ltd. was split. The bus business still belonged to Kowloon Bus Co., Ltd., while the original real estate construction business was divested into Kowloon Construction Industry Co., Ltd.

After splitting,

Kowloon Construction Industry Co., Ltd. is mainly composed of the original shareholders of Kowloon Bus Co., Ltd., the Lei family and the Wu family.

However, despite being split, Kowloon Bus Co., Ltd. still has a lot of land, which is being developed and utilized by Lei Jia, the helmsman of Kowloon Jianye and the largest shareholder of Kowloon Bus Co., Ltd. shareholders.

Now, the shareholder structure of Kowloon Bus Company Limited is:

The largest shareholder, Lei Jia, holds 20.33 percent of the shares.

Deng Zhao, the founder and current chairman of the board, insists on 9.75 percent of the shares.

Yujia, who later invested in, held 9.64 percent of the shares.

The fourth largest shareholder and the founder's family, the Wu family, holds 9.45% of the shares.

The fifth largest shareholder and founder Tan Jia holds 8.48% of the shares.

The sixth largest shareholder and founder Lin Jia holds 7.46% of the shares.

In addition, there are 34.84% of the equity in circulation, distributed in the hands of financial institutions and individual investors who have not entered the board of directors.

Unless financial institutions and individuals voluntarily disclose, as long as the 5% line is not reached, no one will know who is in their hands.

Just like Jiuding Securities Company, which had previously bought 3.75% of the equity, a total of 3.45 million shares.

There is absolutely no need for Jiuding Securities to disclose shareholding information, but considering that it will be bought and sold later, it is convenient for buyers to come to the door, so it proactively discloses shareholding information.

As long as other financial institutions simply invest and do not conduct hostile takeovers, they will basically take the initiative to disclose shareholding information. After all, the purpose of buying equity is to make money.

After reading the documents of Kowloon Bus Co., Ltd., Xia Yu took out the documents of Zhonghua Automobile Company and read it.

China Automobile Co., Ltd. was established earlier, in 1924. At first, it operated bus services in the Kowloon Peninsula and the New Territories. Later, after the British Hong Kong Government implemented bus franchise rights in 1933, it obtained bus services on the more prosperous Hong Kong Island. Franchise.

It's a pity that after MacLehose went north last year, the future of Hong Kong was already on the bright side. The Hong Kong government announced the construction of the Hong Kong Island Line by the subway. These two unclear factors controlled the founder of China Automobile Co., Ltd. The Yan family and the Huang family have no confidence in their hearts, and have become conservative in the management of the company.

One incident from last year is very representative. Originally, there was a batch of buses that needed to be returned and exchanged last year. Kowloon Bus Co., Ltd. began to offer discounts. It was supposed to buy 50 buses, but only 32 buses were purchased.

And the Yan family and the Huang family have already begun to reduce their holdings of cash stocks.

Investment institutions with a keen sense of smell have begun to vote with their feet.

Up to now, the market value of China Motor Company Limited is only about half of that of Kowloon Bus Company Limited, at HK$230 million.

In terms of shareholder structure, the earlier established Zhonghua Automobile Co., Ltd. is not as scattered as the later established Kowloon Bus Co., Ltd. The founder Yan family holds 24.74%, and the founder Huang family holds 24.74%. 22.12.

In addition, some small shareholders hold some equity, and the rest are scattered among financial institutions and retail investors.

So in general, the acquisition of China Automobile Co., Ltd. is less difficult!

After closing the information, Xia Yu already knew the situation of Xiangjiang's bus industry. After thinking for a moment, he looked at Wang Qi and said:

"Wang Qi, I'll give you a task to acquire Kowloon Bus Co., Ltd. The big strategy needs the bus puzzle!"

"Now this opportunity is rare."

Wang Qi was not surprised. He knew that Kowloon Bus Co., Ltd. would be the acquisition target when Xia Yu first arrived.

As for the reason for the acquisition, Xia Yu didn't say, but after the strategic meeting of the consortium, he could guess something.

In the strategy of "One Core, Six Pillars", both the trade and logistics industry and the tourism service industry need the support of the bus business, especially the tourism service industry. Only when the transportation is convenient can it drive the passenger flow urgently needed by the tourism and retail business.

In addition, there should be calculations for the real estate industry. After all, Kowloon Bus Co., Ltd. has a lot of land, and it is better to get it and not develop it than to be bought and developed and utilized.

In addition, transportation is an important factor affecting the real estate industry. With convenient transportation, houses on a transportation line will be sold well, and the originally low land price will increase by a certain amount.

If you think about it in reverse, as long as the Kowloon Bus Co., Ltd. is in hand, it can fully open new transportation lines. At that time, the importance of urban houses will lose the huge advantage of convenient transportation.

Originally, it took one or two hours from the suburbs to the urban area. After the bus line is opened, you can travel at any time, and the time is reduced to ten or twenty minutes. For many residents, the difference between the suburbs and the urban area is not big. The big deal is to spend more. Why spend ten or twenty minutes to buy a house in the city?

"Chairman, to what extent do we need to acquire Kowloon Bus Co., Ltd.? Is it going to be privatized?"

Wang Qi thought about it and asked Xia Yu.

Xia Yu thought for a moment and said, "There is no need for a wholly-owned acquisition and delisting. It is not cost-effective to invest in Kowloon Bus Co., Ltd. What I need is its function. I only need to acquire 67% of the company, so that I can absolutely control the board of directors and the general meeting of shareholders. Just fine."

"After the acquisition, Kowloon Bus Co., Ltd. will belong to the Jiuding Transportation Group, and Jiuding Securities will be the second largest shareholder. Don't let the Jiuding Transportation Group exceed the line."

"The chairman, what about Zhonghua Automobile Co., Ltd.? Do you need to acquire it?"

Wang Qi then asked again.

Xia Yu immediately said: "Of course we want to acquire, but don't worry, you can just gnaw on the tougher bones of Kowloon Bus Co., Ltd. The Yan family and the Huang family want to withdraw their capital and leave Xiangjiang, and the acquisition will not be too difficult."

"However, the major traffic accident of Kowloon Bus Co., Ltd. will also affect the stock price of China Motors Co., Ltd., and you will first arrange for a secret bottom-hunting in the stock market."

Wang Qi nodded understandingly and said, "I understand, I will convene some people for a meeting later, and try to come up with an operation plan today."

"By the way, Chairman, this operation needs the assistance of Jiuding Newspaper Company and Universal Television."

Xia Yu said indifferently: "You can communicate the specific operation matters yourself. Anyway, don't be sloppy, hurry up!"

"clear!"

Wang Qi replied with a straight face.

After Xia Yu left, Wang Qi immediately convened a temporary special action team and got busy.

In the early morning of the next day, the major newspapers under the Jiuding Newspaper Company reported on the major traffic accident that occurred yesterday.

Not to mention Global TV, last night's "News 30" and this morning's "Chaowen Tianxia" both highlighted the news, and also sorted out a series of bus-related traffic accidents in Xiangjiang in the past.

It can be said that as long as the audience sees the news, they are all horrified.

Because the impact of this matter is too great, other newspapers, radio stations and TVB have focused on reporting and following up on relevant developments.

In just one day, this incident became the biggest hot news in Hong Kong. Kowloon Bus Co., Ltd. was brought to the fire, and Deng Zhaojian and other company executives were very busy.

The Hong Kong government's severe inquiries, the media blocking the company's periphery, the plummeting stock price, the company's turbulent people's hearts, the public's accusations and abuses, etc., are like huge stones after another, making them dizzy.

The water is so hidden!

Lei Juekun and others didn't even notice that Wang Qi and others were behind the scenes.

The share price of China Automobile Co., Ltd. also fell below 1.3 Hong Kong dollars, and the company's market value fell below 200 million Hong Kong dollars.

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