People in Hong Kong create super chaebols

As soon as Su Cheng finished speaking, a burst of thunderous applause erupted from the scene.

It can be said that a series of policies such as improving service quality, providing free services to the elderly, young and disabled, replacing buses, etc., are definitely a good thing.

This also made many people admire Su Cheng, who was giving up his own interests!
However. What they don’t know is that things like increasing wages for lower-level employees and providing free rides to the elderly, young and disabled can actually not reduce profits at all. For example, in the bus industry, China Bus will only reduce profits by at most one percent a year. Income of hundreds of thousands of Hong Kong dollars.

Spending one and a half million Hong Kong dollars to completely change everyone's impression of Chung Hwa Bus is such a cost-effective thing.

What's more, although China Bus will continue to operate the bus business, its focus will shift to the real estate industry. The real estate industry is the most profitable industry, and it is much better than the bus business that makes hundreds of millions of Hong Kong dollars in profits after hard work for a year. too much.

Previously, China Bus did not have these free policies, and the same was true for Kowloon Bus.

The introduction of these new policies in Sioux City can be regarded as completely changing the way the bus service industry operates.

If nothing else, after China Bus implements the policy of providing free rides to the elderly, young and resigned, Kowloon Bus will have to follow this policy, otherwise, they will be complained to the point of collapse.

The press conference of Chunghwa Bus was held very smoothly.

After it was over, Yan Chengkun did not leave immediately, but stayed to hand over work matters to Zhang Qizheng.

Therefore, Su Cheng only had such an idea for a moment.

However, after the Yan family continued to sell shares, the stock price continued to fall.

Seeing his reluctance to give up, Su Cheng felt a little guilty for his forced acquisition of China Bus.

When the market opened yesterday, the stock price was above HK$40.

The news here quickly spread to the Xiangjiang Stock Exchange.

As the largest stock exchange in Hong Kong, it is very sensitive to business news, especially news about listed companies, which will affect the stock price of the listed company in minutes.

What's more, under the control of the Yan family, China Bus's reputation in Hong Kong is not good at all.

However, isn’t that what shopping malls are like? If you want to do well in the shopping malls, that’s what you should do.

At this time, the stock of China Bus was very lively.

Sioux City acquired China Bus and improved the service of China Bus. This is also for the people!
From this point of view, it is not wrong at all to seize the management rights of Chung Hwa Bus. From the overall perspective, it is for the sake of the citizens of Xiangjiang!
If your Yan family cannot manage China Bus, then you should let others manage it!
Hundreds of reporters left quickly after the press conference. They had to go back to write articles and try to write some outstanding articles so that they could stand out in this hot news topic.

After all, sudden large-scale selling will definitely have a great impact on the stock price.

Yesterday, the Yan family sold a total of more than 2.8 million shares.

However, this is not all they have. When the market was about to close yesterday, the Yan family directly put up 30 million shares, and the stock price was all HK$30 per share. For the Yan family, HK$ per share is already a very good deal. According to the estimated actual value of China Bus, converted into stock price, it is only about this price.

So, if they can all be sold at HK$30 per share, they will happily accept it. Several large consortiums interested in acquiring their shares only offered more than 25 Hong Kong dollars per share. The highest consortium bid was only 30 Hong Kong dollars. This is why the Yan family has not been able to negotiate with them for the time being. They also hope that their stocks can be sold at a price of more than Hong Kong dollars, so that they can withdraw from China Bus willingly.

The pending order for five million shares is very large. The total issued shares of China Bus are only 4700 million shares. These five million shares are equivalent to more than 10% of the total shares.

Such a large order will naturally continue to drive down the share price of China Bus.

As soon as the market opened, China Bus's share price continued to fall, eventually falling from HK$30 to around HK$28.

The Yan family's five million orders only sold less than 10,000 shares. The transactions were frequent, but they had little to do with the Yan family.

However, what the Yan family did not expect was that after the news of China Bus's press conference reached the Xiangjiang Stock Exchange, the share price of China Bus began to rise again.

Soon, the stock price once again reached HK$30 per share.

As the saying goes, there is strength in numbers, and there are a lot of investors in Xiangjiang, even when the stock market conditions are relatively average today.

Therefore, one-half of those five million shares had been sold directly by the time the press conference ended, and there were still investors who continued to buy. If this rate continues, five million shares would definitely be sold in the morning. It will be sold out. This is calculated based on the most conservative situation. If we go at the current speed, maybe five million stocks will be wiped out in another hour.

At this time, Yan Chengkun did not know that he was still responsible for handing over work to Zhang Qizheng at the headquarters of China Bus.

And his son, Yan Jieqiang, hurried to the Xiangjiang Stock Exchange to take charge of the overall situation after the press conference.

Just as Yan Chengkun and Zhang Qizheng were handing over, the office phone rang.

This phone had been used by Yan Chengkun before. Now it rings. Of course the other party is looking for Yan Chengkun.

Therefore, although Yan Chengkun is no longer the chairman of the company, he still answers the phone habitually.

Unexpectedly, the caller was his son Yan Jiaqiang.

"Dad, good news, our stocks are selling like crazy. More than half of the five million shares listed at the market close yesterday have now been sold, and most of them were traded within half an hour, that is, China Bus After the news of the press conference came here, the trading volume continued to rise. If this continues, our five million shares may be sold out in half an hour to an hour!" Yan Jiaqiang said to himself excitedly! Father reports good news.

Of course Yan Chengkun knew about the five million shares, because it was his decision as the head of the Yan family.

In his opinion, after the press conference, everyone knew that there was no competition between the Yan family and Su City, and it would be difficult for the stock price to maintain a high price. This was why he directly listed five million shares. If it's difficult to sell, then we won't engage in any trading and just smash the market. We will sell as much as we can.

However, they did not expect that Sioux City's acquisition of China Bus would be welcomed by so many investors. (End of chapter)