In Hong Kong, we build a global business empire
Chapter 231 9 Dragon Bus Suspended!
In the past, although Lei Juekun did not manage Kowloon Motor Bus much, he directly let Deng Zhaojian take charge of the company.
But that’s because the Lei family has the confidence.
As they hold 22% of Kowloon Motor Bus’s shares, they can take back control of the company at any time!
After all, the shares they hold have always made them the major shareholders of Kowloon Motor Bus.
Naturally, the major shareholders have more say.
To them, their elder Deng Zhaojian was just managing Kowloon Motor Bus for them. The real boss was their Lei family!
However, the news conveyed by Deng Zhaojian completely caused the Lei family to lose control of Kowloon Motor Bus!
Luo Yingshi, chairman of the Eagle Group, who had been hoping to buy shares from the Lei family, was shocked when he heard what Lei Juekun said.
Has Kowloon Motor Bus already been taken over by others?
Suddenly, Luo Yingshi and his son Luo Xurui looked at each other, with a look of relief in their eyes.
That's right, I'm glad.
If they acquire the shares but fail to obtain controlling rights, then although they will not suffer too much loss for the time being, their funds will be occupied.
It is not easy to sell so many shares through the secondary market in a short period of time.
After it was confirmed that Lin Haoran had acquired Kowloon Motor Bus, no other consortium would be interested in Kowloon Motor Bus's shares.
If no consortium is interested, trading volume will naturally plummet, and at that time only a small number of shareholders will make small moves.
The drop in trading volume will naturally affect the speed at which they sell their stocks.
And the price may have to continue to drop.
As for finding other buyers, it is even more impossible.
Who would buy so many shares of a listed company that is already owned by someone else?
Now, before purchasing the Lei family’s shares, they only held a few percentage points of Kowloon Motor Bus shares, and these shares could be quickly sold in the secondary market.
"Mr. Lei, since such a change has happened to Kowloon Motor Bus, let's go back first!" Luo Yingshi and his son Luo Xurui stood up at the same time and said goodbye to Lei Juekun.
At this moment, they naturally had no intention of buying shares from the Lei family.
If you buy it, wouldn't it become a hot potato?
"Mr. Luo, take care!" Lei Juekun didn't want to continue talking to Luo Yingshi at the moment.
This incident happened so suddenly that they were completely unprepared.
"Dad, what should we do about this?" Lei Juekun's son asked with a bad look on his face.
They suddenly lost control of Kowloon Motor Bus, which naturally made them feel sad.
"What else can we do? They hold 36.83% of the shares, which is more than ten points more than us. We can only let things take their course. Come with me to Kowloon Motor Bus to attend the board meeting tomorrow morning!" Lei Juekun said helplessly.
Everyone in the Hong Kong business community knows that Lin Haoran is a well-funded tycoon. He first acquired Ching Chau Cement, then acquired Hong Kong Electric Group, and later acquired China Gas Company. Now he has set his sights on Kowloon Motor Bus Company. Moreover, the shares they hold cannot change the fact that they have the strength to take over Kowloon Motor Bus.
It's not a nice thing to say. Any one of these companies that Lin Haoran picked is stronger than their Lei family.
So, what can the Lei family use to compete with Lin Haoran now?
In this situation, there is no way to refuse to admit defeat.
On the other hand, after leaving the Kowloon Motor Bus headquarters, Su Zhixue did not return to the company immediately, but went to the Securities and Futures Commission and the Stock Exchange respectively to report the acquisition of Kowloon Motor Bus by Universal Investment Company.
At present, the China Securities Regulatory Commission has not changed the trigger point of 50% to 35%. Therefore, the acquisition behavior of Huanyu Investment Company is legal and compliant and does not violate any behavior.
Time passed quickly and it was the next morning, which was May 5th.
Lin Haoran went out at around eight o'clock.
First we went to Wanqing Building.
The news of his acquisition of Kowloon Motor Bus had not yet spread, so even Burton, the president of Wanqing Group, was not aware of it.
The reason why Lin Haoran approached Burton was naturally to let him take over the management of Kowloon Motor Bus.
Originally, as a public utility listed company, it would undoubtedly be best for Chen Shoulin to take over the management of Kowloon Motor Bus. After all, the Hong Kong Electric Company and China Gas Company, which Chen Shoulin now manages, are both public utility listed companies.
However, Hong Kong Electric Group did not participate in this acquisition, so it is impossible for Hong Kong Electric Group to control Kowloon Motor Bus.
Therefore, the best option for Kowloon Motor Bus is to merge into Wan Qing Group.
Anyway, Wanqing Group is his sole proprietorship.
After being merged into Wanqing Group, Wanqing Group now owns three companies including Qingzhou Cement Company, Wan'an Real Estate Company and Kowloon Motor Bus.
The strength of this group has gradually grown.
At this moment, Burton had just arrived at work and was looking at the summary report handed over by his subordinates. He was also very surprised to see Lin Haoran coming over.
"Boss, why are you here?" Burton asked curiously.
"I have good news for you." Lin Haoran said with a smile.
"What good news? Please tell me, boss." Burton continued to ask in Hong Kong dialect, which was not fluent but understandable.
"In order to make Wanqing Group even stronger, I have acquired another listed company and plan to merge it into Wanqing Group. You should get ready and come with me to take over the management power later." Lin Haoran laughed.
"Acquired another listed company?" Burton felt a little confused.
The boss is so powerful. He just acquired China Gas Company at the beginning of this year. How long has it been since then, and there is another listed company?
"That's right, Kowloon Motor Bus Company. Now I hold more than 36% of Kowloon Motor Bus shares, which is enough to control it. The Kowloon Motor Bus board meeting is expected to be held at ten o'clock." Lin Haoran looked at the time on his watch. It was only nine o'clock in the morning, so he was not in a hurry.
"Okay, boss. I'll pack my things first and then I'll go with you!"
Although he was very shocked by his boss's actions, Burton did not waste time. He directly put the documents on the desk into the drawer and then stood up.
At Huanyu Investment Company, after Su Zhixue arranged work for his subordinates, he also came to Burton's office.
The three of them will go together to the Kowloon Motor Bus Headquarters in Lai Chi Kok.
At the same time, people at the stock exchange were surprised to find that the Kowloon Motor Bus stock, which they had been planning to speculate on, was suspended today, and it was suspended at the same time in four stock exchanges. Yesterday, the stock price of Kowloon Motor Bus rose sharply, and the trading volume also increased. The closing price was 6% higher than the opening price.
It is clear at a glance that a consortium is making a crazy acquisition of Kowloon Motor Bus.
Whenever this happens, it is good news for investors because they can get another short-term profit.
Therefore, many investors have made sufficient preparations and plan to buy Kowloon Motor Bus shares when the market opens today, and then sell them after the stock price goes up.
As a result, it was suspended?
Soon, the stock exchange issued an announcement: Huanyu Investment Company already holds 36.83% of the shares, and there have been changes in the company's management rights, so the market will be closed for one day for adjustments.
Seeing this, everyone knows that the wave of acquisitions yesterday was manipulated by Huanyu Investment Company.
As for Universal Investment Company, no one may have known about it before, but after going through Hong Kong Electric Group and China Gas Company, everyone knows that the boss behind it is Lin Haoran.
Unexpectedly, Lin Haoran once again acquired a listed company.
Suddenly, shareholders from the four stock exchanges started talking about it.
"Mr. Lin, this is too aggressive, isn't it? He keeps acquiring people one after another."
"Who says it's not true? Look at his listed companies. The market value of Hong Kong Electric Group has exceeded 3 billion Hong Kong dollars, and the market value of China Gas Company has exceeded 1 billion Hong Kong dollars. According to yesterday's closing market value, Kowloon Motor Bus has also exceeded 900 million Hong Kong dollars. This does not include the privatized Qingzhou Cement Company and Wan'an Real Estate Company. It's crazy..."
"This financial strength is stronger than Mr. Li Jiacheng and Mr. Bao Yugang, right?"
"I agree. I even think that Mr. Lin should be the richest Chinese investor in Hong Kong, right?"
"Not really. The richest man should still be Mr. Bao Yugang. After all, the valuation of his Global Shipping Group is not low, and now he has acquired Wharf Holdings."
"No wonder the transaction volume of Kowloon Motor Bus has remained high in the past few months. It turns out that Mr. Lin made a big move. Unfortunately, I sold it too early. If I had kept it until now, it would have doubled in a few months. What a loss."
"That's awesome. Besides, Lin Haoran is so young, about the same age as my daughter. If my daughter can marry him, it would be a great thing."
"Are you overthinking this? You didn't even let your daughter look in the mirror."
"What happened to my daughter? Did my daughter eat your rice? Do you think your daughter is pretty?"
"At least she's prettier than your daughter. Your daughter has no breasts and no butt. It's good enough that she can get married. You still want to find a rich husband. I think you're crazy."
"Wow, you want to fight, right?"
"Come on, come on, there's nothing better than the rice!"
"Mr. Lin is really an acquisition maniac. What do you think will be his next target?"
"And the next one? They're all scary now, right?"
"How come there is no next one? Have you noticed that Mr. Lin Haoran seems to particularly like to acquire listed companies of a public utility nature, whether it is Hong Kong Electric Group, China Gas Company or Kowloon Motor Bus. I guess his next one should continue to be a listed public utility company."
"Yes, I used to think he liked to acquire British-owned companies, but neither the China Gas Company nor Kowloon Motor Bus is a British-owned company. This theory has been refuted. I wonder which one will be his next target? If we can guess, we will be rich."
"There are only a few listed public utility companies. I guess his next target should be the Hong Kong Telephone Company."
……
Shareholders started talking about it, some started fighting over it, and some began to study who Lin Haoran’s next acquisition target would be.
It seems that Lin Haoran's continuous acquisition of listed companies is just a very normal thing.
At this time, Lin Haoran, Burton and Su Zhixue had already arrived at the Kowloon Motor Bus headquarters in Lai Chi Kok in a Rolls-Royce.
In the office of the chairman of the board of directors of Kowloon Motor Bus headquarters, several board members including Deng Zhaojian and Lei Juekun gathered together, waiting for the arrival of Lin Haoran and others.
Everyone's face was not very good at the moment.
To them, Kowloon Motor Bus was founded by themselves or their parents and is their own company.
No matter how the power changes, it should be changed within their ranks.
But now, this situation has completely changed.
From today on, Kowloon Motor Bus no longer belongs to them.
Even if they are shareholders of Kowloon Motor Bus, they are just shareholders.
Although they have a certain degree of say, it is far from enough to determine the future direction of the company.
This is a blow to them.
But now, no matter how much I say, it seems to be meaningless.
After all, unless they work together to fight against Lin Haoran and continue to increase their holdings in the stock market.
But it doesn't make any sense.
Among those present, the Lei family is the most powerful.
But compared with Lin Haoran, the Lei family is not even a little bit inferior.
How does this compete?
No matter how much he increases his holdings, can he ever compare to Lin Haoran?
There is no need to think about it, it is definitely not possible to compare, and increasing holdings is just a waste of money.
They don't have that much money to squander.
Someone in the office couldn't help but let out a helpless sigh.
For the descendants of Kowloon Motor Bus, Lin Haoran's acquisition of the company means the loss of their ancestral business.
At this time, Lin Haoran had already brought people to the door of the office. Seeing so many people in the office, he immediately smiled and said, "Hello everyone, I am Lin Haoran, please take care of me in the future!" (End of this chapter)
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