I Want To Be a Rich Man on Hong Kong Island

Chapter 385 [Partial Acquisition - China-Pakistan Mu0026A Battle 1]

What happened that day did not make it to the police station in the end;

Because in the end, a group of young men who had drunk enough to drink were also sober and knew who they were in conflict with, so they ran away in fright, so they had the guts to continue pestering.

And Huang Dazhong didn't continue to make trouble, it was time to fight, if there was a real fight, it would have a great impact on the boss's reputation.

Mainly, according to the female bodyguard, the two hostesses were not met by anyone, so even if the boss is angry, he is angry rationally!

If the two hostesses are taken advantage of, then things may become serious, and these sons may be disabled even if they don't die.

There are a lot of people willing to do this kind of thing for the boss!

 …

But when Yan Chengkun's eldest grandson Yan Junnan returned home, he was quite afraid;

Although I just returned to Hong Kong, I grew up listening to Wu Guangyao's reputation;

Now that I accidentally molested this family member, will I be retaliated against?

"Probably not. His bodyguard beat him up like this. What else is he thinking? Besides, his grandfather is also number one in Hong Kong Island. Does he still dare to kill himself?" Yan Junnan comforted himself.

A middle-aged lady said in surprise to Yan Yannan who just came back: "My son, what are you doing? Whoever hit it, we will find him, our Yan family will never give up!"

Yan Yannan hurriedly dodged, not daring to show the wound to his mother.

"Mom, it wasn't hit by someone. I was playing with my friends on a motorcycle and accidentally fell! Don't worry about it. It's just a skin injury. There's nothing wrong with it. Don't make a fuss. People know how embarrassing I am." Yan Junnan The tone is the tone of being coddled.

Although the middle-aged lady's heart ached, her son's tone was tough, so naturally he couldn't continue asking.

"Okay...okay, son, you have to be careful! Okay...I won't say more, I'll get you some chafing medicine." The middle-aged lady saw her son's impatient face, Immediately became shrunken up.

"Remember, don't tell anyone, especially father and grandpa. If they find out, they will definitely take care of themselves! Then I might as well go back to England, and you will be in trouble if you see me later." Yan Junnan threatened himself mother said.

"Okay, I see,

You also have to save face. "The middle-aged lady said with both heartache and doting.

 …

The next day, Global Group - Global Terminal Services Company (first-tier subsidiary) - Global Cargo (second-tier subsidiary) formally prepared for the acquisition of CMB.

Backed by the strength of Global Terminal, Global Freight invited former HSBC director Riley and others to form a powerful chariot - Yalong (a company formed for the acquisition).

This acquisition is the first time that Wu Guangyao's secondary subsidiary (Global Cargo) has opened its fangs. Wu Guangyao came to the Yalong meeting room in person to cheer everyone up.

"The battle must be won!"

Encouraged by Wu Guangyao, everyone in the conference room was filled with confidence.

Yalong's general manager Luo Rui, Yalong's consultant Riley and others echoed: "The battle must be won!"

"Okay, don't worry about me, go on!"

After Wu Guangyao finished speaking, he didn't say anything else, he just planned to listen for a while, and then left!

There are specializations in the technology industry, and this acquisition is different from the past;

According to the Hong Kong Island patent laws and regulations: If a public utility organization is a listed company, more than 25% of its shares must be held by the public to avoid becoming a private organization.

Moreover, no matter how much money Wu Guangyao has, as a businessman, he must maximize his profits;

It is impossible for every acquisition to be a huge sum of money.

Luo Rui took the lead and said: "The founders of CMB, Yan Chengkun and Huang Wangcai, although they are relatives by marriage, have had a bad relationship these years. As a result, the Huang family, which was originally the major shareholder of CMB, has been selling their shares. Become the major shareholder of China-Pakistan. So we currently have three directions: first, to get the defection of the Huang family; market share."

When everyone heard the words, they all agreed!

The Huang family wanted to cash out, so Yalong just happened to be his best partner.

As for foreign firms such as HSBC and Hutchison, there must be a lot of CMB shares in their hands, because there are only dozens of listed companies on Hong Kong Island, and these foreign firms are probably involved.

This incident also reminded Wu Guangyao that during the low tide of Hong Kong Island from 1966 to 1967, it was necessary to quietly acquire a large number of stocks of all listed companies, as well as land and properties on Hong Kong Island.

If you want to acquire someone in the future, you will have a certain foundation in hand.

Riley said: "The total share capital of China-Brazil is 60 million shares, and the current value of each share is 0.85 Hong Kong dollars; HSBC has about 5% of the shares, and Hutchison also has a certain share. Huang's shares are the largest, with an estimated 16 %. In this way, we already have about 23% of the stock, and Yan’s is expected to have 25% of the stock.”

Says one executive: "So, our acquisition target is 49%?"

Riley thought for a while before saying:

"It's not safe. If Yan raises his stake to 50% in order to keep CMB, and then touches the threshold of a full acquisition, it will be unfavorable to us, and the acquisition will fall short."

"And if we implement a full acquisition, it is obviously not worth the loss; first, the cost is too high; second, CMB will lose the bus franchise on the island."

"We can carry out a 'partial acquisition' and set the target at 56% of the shares; although we have touched the threshold of a full acquisition, we can refuse a full acquisition; because the public bus service regulations stipulate that CMB must maintain a public shareholding Only listed companies can obtain operating patent rights.”

"This is a loophole in the authorities' securities regulation, so we can challenge it."

After hearing this, Wu Guangyao couldn't help applauding Riley's strategy!

Indeed, if Yalong really fully acquires CMB, then the Hong Kong government may cancel the bus franchise on the island, and there may be competition among multiple buses in the future.

This is obviously extremely unfavorable. The reason why the stock prices of KMB and CMB are so high is because they have the bus franchise rights in Kowloon and the mainland.

Luo Rui nodded and said, "Okay, let's contact the Huang family first, and take down the shares of HSBC and Hutchison."

In this acquisition, everyone has a feeling of winning, although they don't have a share of China-Pakistan stock in their hands.

 …

CMB's full name is "China Automobile Co., Ltd.", which is an old Chinese-funded public utility company; it was founded in 1933 by Yan Chengkun and Huang Wangcai.

Yan Chengkun is a native of Chaoyang, Guangdong Province. He was born in 1900. He started as a sedan chair bearer in his early years, and then owned a large number of sedan chairs and earned his first pot of gold. So he and Huang Wangcai formed a bus service company.

At that time, there were already six bus companies on Hong Kong Island. Among them, China Bus Company founded by Yan Chengkun and Huang Wangcai, KMB and Kai Tak Motor Company founded by Deng Zhaojian and the Lui family all provided bus services in downtown Kowloon; the routes of the three companies were similar. , the competition is quite fierce.

Therefore, in 1933, the Hong Kong government invited public tenders for the franchise rights of the Kowloon bus service and the mainland bus service.

Since then, Hong Kong Island's transportation industry has formed a situation of "two parts of the world".

Yan Chengkun is a figure of the uncle of the Chaozhou tycoon, and he is also a hot celebrity in the political and business circles of Hong Kong Island; in 1955, he was appointed by Governor Ge Lianghong as a member of the Legislative Council; in 1959, he was promoted to the Executive Council, the highest authority of the Hong Kong Island government, and He also serves as the Chief Member of the Legislative Council.

During World War II, China and Pakistan suffered heavy losses, all vehicles were destroyed or requisitioned, and the business came to a standstill;

After World War II, under the helm of Yan Chengkun, China-Pakistan’s business strategy was quite aggressive. It continued to purchase buses and factories, and its business developed faster than before. According to statistics, from 1951 to 1966, the number of buses owned by China-Pakistan fleet increased from 151 Rapidly increased to 490 vehicles, and the annual passenger capacity increased from 46 million to 180 million.

China-Pakistan has made a great contribution to solving the "travel" problems of Hong Kong Island citizens' basic necessities of life after the war; therefore, in 1960, China-Pakistan once again obtained the franchise of bus services on the island for a period of 15 years.

CMB was listed on Hong Kong Island in 1962 in accordance with the provisions of the "Transportation Affairs (Hong Kong Island) Act 1960" and became a listed company; the control was in the hands of the early Yan family and the Huang family.

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