I lost my vegetative state, and I became the richest man in the world

Chapter 503 Target Zhonghua Bus and Kowloon Bus!
I want the horse to run and also want the horse not to eat grass.

This is impossible.

In the previous life, the salaries of the professional managers around Li Jiacheng were not low, especially Huo Jianning was the professional manager with the highest annual salary in Xiangjiang, with an annual salary of over [-] million, and he was known as the first working emperor in Xiangjiang.

Now, these people in front of him are the most important executives around Yang Ming, and their salaries 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 precious gift.

Like Meris, Yang Ming gave a set of villas in the mid-levels of Taiping Mountain.

Now that the housing prices in Xiangjiang are soaring, a villa in Taiping Mountain is not cheap.

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

Yang Ming left Meris and Wei Li behind, and the others left first.

In this study, there are only Meris and Wei Li left for the time being.

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

Yang Ming looked at Wei Li.

It has to be said that in history, Wei Li participated in quite a few acquisitions, but most of them failed.

Including being expelled from Hutchison Whampoa by Li Jiacheng, and fighting with Liu Lianxiong against Chinese real estate, Wei Li lost in the end.

"Leaving you this time is about swallowing Xiangjiang Zhongba and KMB."

Zhongba?

KMB?

Zhongba's full name is "China Automobile Co., Ltd.", which is an old Chinese-funded public utility company. It was founded in 1933. The founders are two families, Yan Chengkun and Huang Wangcai, who are related by marriage.

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

At that time, there were already six bus companies in Hong Kong. Among them, Chung Ba and Deng Zhaojian of Yan Chengkun and Huang Wangcai, KMB (known as Kowloon Motor Company at the time) founded by the Lui family, and Kai Tak Motor Company all provided bus services in downtown Kowloon.

The three companies are taking similar routes, and the competition is fierce.

In 1933, the Hong Kong Governor’s Mansion invited separate bids for the bus service franchises in Hong Kong Island and Kowloon. Yan Chengkun, Huang Wangcai and others successfully bid for the bus service franchise in Hong Kong Island. They then reorganized Zhongba and established Zhonghua Motor Co., Ltd. It took over the business of the three original bus companies in Hong Kong Island and monopolized the bus service patent in Hong Kong Island.

KMB also successfully bid for the franchise rights of bus services in Kowloon and the New Territories.

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

Just like the Xiangjiang Electric Lamp Company in Xiangjiang and the CLP Power of the Kadoorie family, they monopolize the Xiangjiang electricity market.

For Chung Ba and KMB.

In fact, Yang Ming has been paying attention to it for a while, and has been letting people quietly buy shares in Zhongba and KMB.

in history.

Around the same time, someone had already targeted Zhongba.

In the mid-70s, the United Overseas Transportation Company from Country Y hoped to hold 30% of the shares of Zhongba and 45% of the shares of KMB by purchasing or exchanging shares.

The major shareholders of these two companies were afraid of the capital of country Y, so they directly refused.

By the end of the 70s, land prices in Xiangjiang rose sharply. Zhongba owned a large number of cheap and high-quality land such as car factories and parking lots, and its asset value rose sharply. in net asset value.

This has attracted the covetousness of the new wealth.

Among them, Palibao, a subsidiary of Great Eagle Group, was eyeing Zhongba.

The owner of Great Eagle Group is Luo Yingshi, who owned a large amount of industrial land in the New Territories in the 70s. In 1976, Great Eagle's profit was only 500 million Hong Kong dollars.

However, in 1980, the profit had exceeded 1 million Hong Kong dollars.

In 1979, Luo Xurui, Luo Yingshi's second son who graduated from Xiangjiang University, joined the Great Eagle Group. The other party was an expert in financial management. Through a series of financial means, he raised more funds for the Great Eagle Group.

Since then, Great Eagle has entered into great development. In May 1980, Great Eagle organized its hotel business into Regal Hotel Group. In October of the same year, it went public in Hongkong, offering 5 million new shares at a price of HK$10 per share, raising 1.9 million Hong Kong will build two Regal Hotels in East Tsim Sha Tsui and the airport in January.

Later, Great Eagle acquired a 1.06% stake in Yongchangsheng, a listed small real estate company, through Regal Hotel at a price of HK$61.68 million.

In January 1981, Ever Prosperity acquired a number of properties from Regal Store in cash and new shares, including the Regal Riverside Hotel site in Sha Tin, as well as about 1% equity in Zhongba and KMB, and changed its name to Paliburg Investment.

At this time, the number of listed companies controlled by the Luo Yingshi family has increased to three, including Eagle King, Regal Hotel and Palibao, with a market value of 33.5 billion Hong Kong dollars. Victory's Sun Hung Kai Properties, Zheng Yutong's New World Development, and Chen Songqing's Carrian Land ranked fifth.

Great Eagle's covetousness of Zhongba, KMB and other listed public utility companies with large cheap land reserves actually started as early as 1980.

However, the acquisition of KMB was preempted by Sun Hung Kai Properties. In November 1980, Sun Hung Kai obtained the cooperation of Paliburg, but the acquisition of KMB failed. In the end, only 11% of the shares of KMB were purchased.

Palibao in Great Eagle partially acquired Zhongba through a series of means.

. . .

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

Historically, this case has had a great impact.

Although the acquisition of Great Eagle Bapoly failed, but with a profit of 3000 million Hong Kong dollars, the Yan family managed to secure a controlling stake with the help of external capital.

Yang Ming had already aimed at Zhongba and Jiuba.

Even if it's the Luo family's Eagle family or Sun Hung Kai Properties, if they want to take a fancy to it, they probably won't have a chance.

"I have had people quietly buy 31% of Zhongba and 35% of KMB."

The two companies.

At the end of last year, the market value of Zhongba was still around [-] million Hong Kong dollars, but now it has soared to [-] million Hong Kong dollars.

The market capitalization of KMB is about HK$[-] million.

In fact, they have risen a lot.

Since 1978, Yang Ming has had people target the stock prices of these two companies to buy.

From a few yuan a share to more than 20 yuan a share now, for the Imperial Group, in fact, these two companies have made a lot of profits.

If it wasn't for the fact that Great Eagle Group, Sun Hung Kai and other Chinese capitals might be looking at the land of these two companies, Yang Ming would not want to sell it so quickly.

Yang Ming aimed at these two companies for the domestic market.

"Boss, you mean to swallow these two companies?"

Willie asked.

"Maybe Xiangjiang also has other capitals that are interested in the land accumulated by these two companies. Therefore, it is still suitable to take it down."

For Yang Ming, whether it is Joylong Motors or Zhonghua Motors, for him, it is equivalent to a listed company with about 10 billion Hong Kong dollars, which is inferior to the previous acquisitions of Wharf, Hutchison Whampoa, and even Jardine Land. Too far.

These two companies have indeed monopolized Xiangjiang bus travel, and the most important thing is the high-quality land in the hands of these two companies.

Yang Ming didn't pay much attention to 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.

"Boss, I know what to do."

"This matter is left to you to handle."

Today is Friday.

Tomorrow and the day after tomorrow are Saturdays and Sundays, and the Xiangjiang Exchange will stop trading.However, the third day of the new year falls on Monday, so it can be traded through the exchange.

Wei Li can also go directly to the Yan family and the Lei family. If the two are smart and willing to hand over the controlling stake, they will still make a good profit. Otherwise, Wei Li can make additional purchases through Hutchison Securities Company. Not only did they lose China Bus and Kowloon Bus, but they didn't even have to think about making profits in the stock market.

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(End of this chapter)