Hong Kong variety show: I Am a Tycoon

Chapter 195 The Bus Tycoon
what's the situation?
Surprisingly, Asia Investment Limited did not launch an acquisition today. Instead, it sold all the shares it had purchased from Huang Yaonan.

Snowspark, on the other hand, increased its holdings by 100 million shares.

Immediately afterwards, a stock commentator published a commentary: "The Asian Infrastructure Investment Bank (AIIB) secretly acquired 756 million shares at a price of 22 yuan per share before announcing the acquisition decision, thinking that it could seize control in one fell swoop. This is far too confident."

"Because the acquisition price is close to the market price, it not only fails to attract the interest of the major shareholders, but also fails to attract the interest of the three households. Instead, it attracts the firepower of brokers and speculators who speculate in the market."

"If Asia Investment Limited raises its offer of a share price to as much as 40 yuan when the share price is between 22 and 25 yuan, it will certainly be welcomed by both minority and major shareholders, and then China-Pakistan will become Asia Investment Limited's prize."

"Unfortunately, the Asian investment company missed its chance, and the acquisition failed."

"Of course, Asia Investment Limited can also make a lot of money by selling its shares when the stock price is high."

Following this, Securities Commissioner Max said regarding the China-Pakistan acquisition that Today Asia Investment Limited sold a total of 308 million China-Pakistan shares.

A spokesperson for Wharf Holdings stated that the sale of the aforementioned number of China-Pakistan shares by Asia Investment Limited was a strategic step to assess market demand.

Spokespeople for China-Pakistan Group and Jardine Fleming Group announced gleefully: "The China-Pakistan acquisition battle has temporarily come to an end. The Yan family has achieved a major victory, and Snowspark is considering whether to launch a full takeover bid."

That night.

Guojun Building.

Chen Jiajun held a large cigar in his left hand and swirled a wine glass in his right.

Zhan Peizhong, Sima Xiang, and others walked into the office excitedly: "Boss, we compared the China-Pakistan Group's financial statements with its annual report, and sure enough, we found something fishy."

"For the same model of tires, gasoline, and spare parts, the procurement costs of China Motor Corporation are generally 20 to 30% higher than those of Kowloon Motor Bus Corporation, which alone accounts for a difference of 5000 million."

"In addition, according to regulations, any profit exceeding the 15% mark should be transferred to the China-Pakistan Development Fund account. However, the China-Pakistan Group withheld all of these funds and misappropriated them for other purposes. Over the past five years, 3000 million yuan has gone missing each year, totaling 1.5 million yuan."

Chen Jiajun could understand the mindset of the Yan family of China Bus Group. As a public utilities company, China Bus Group was under pressure from the British Hong Kong government and had employees constantly demanding salary increases. The key issue was that China Bus Group's ticket prices had not increased much in recent years.

If this continues, one's mindset will inevitably become unbalanced.

It is understandable that they would react by accusing the company of financial fraud and embezzlement.

As for Huang Yaonan, being a relative of the Yan family, seeing his share of the profits being swallowed up and seeing Yan Chengkun, who was originally a sedan chair carrier, living a better life than him, it was inevitable that he would have a desire for revenge.

"Let me give Mr. Yan a way out first."

Chen Jiajun took a sip of whiskey, took out his mobile phone, and made a call to Yan Jieqiang: "Hello, this is Chen Jiajun."

"It's you."

Yan Jieqiang immediately realized that behind Asia Investment Limited was Jun, a big boss of Hung Hing.

Chen Jiajun wants to become the dominant player in Hong Kong's bus industry.

He got up and went to the balcony: "Mr. Chen, you are really sharp. The God of Sniping lives up to his name. Our China-Pakistan Group is willing to repurchase the shares from Asia Investment Limited. Let's keep things peaceful. What do you think?"

“I also want to prioritize harmony…” Chen Jiajun also spoke up.

Yan Jieqiang was overjoyed, but the next moment, Chen Jiajun said, "I'm giving you a chance to leave with dignity."

"What do you mean?" Yan Jieqiang frowned.

"Here's the thing, my people discovered signs of financial fraud at the China-Pakistan Group..."

"toot toot"

Before he could finish speaking, Yan Jieqiang hung up the phone.

After hanging up the phone, Yan Jieqiang loosened his tie and gasped for breath.

"impossible."

"Impossible. Without our records, Asia Investment Limited would never have discovered this."

Yan Jieqiang muttered to himself, his eyes losing focus.

Thinking about the bottom line, he thought of his favorite general, Tan Guangliu. Yan Jieqiang immediately called Tan Guangliu, but after the busy tone, there was no response. So he called the company instead.

The reply received was that Tan Guangliu had already taken leave today.

Yan Jieqiang felt a little more at ease.

Yan Jieqiang was well aware of the numerous shady dealings within the China-Pakistan Group's finances, and he also knew that once exposed, even his father, Yan Chengkun, wouldn't be able to protect him...

After making up his mind, Yan Jieqiang decided to take a gamble, betting that Chen Jiajun had no evidence.

Hearing the busy tone on his mobile phone, Chen Jiajun said with a hint of regret, "It seems our young master Yan doesn't want to maintain his dignity anymore..."

Chen Jiajun downed the wine in his glass in one gulp: "Dumu, let Tan Guangliu turn himself in."

"OK."

after an hour.

A van stopped at the ICAC gate, the door opened, and Tan Guangliu, the financial director of China Bus Group, stepped out of the van.

He took a deep breath, glanced down at the briefcase in his hand, which contained a letter of complaint and accounting materials, and strode into the ICAC's gate.

“I want to turn myself in. I am Tan Guangliu, the CFO of China-Pakistan Group. I want to report Yan Jieqiang of China-Pakistan Group for financial fraud.”

Upon receiving Tan Guangliu's report, the next day the ICAC Governor appointed Commissioner of the Independent Commission Against Corruption (ICAC), John Wesley, the head of the ICAC, to raid the China Bus Group with dozens of ICAC investigators.

At that time, reporters from Oriental Daily News, Hong Kong Economic Journal, Overseas Chinese Daily, and Commercial Daily were still waiting at the China-Pakistan Group, hoping to obtain first-hand information about the China-Pakistan acquisition battle. This scene naturally caught everyone's attention.

Wesleyan and his investigators took away a large amount of data, but left in a hurry without making any contact with the reporters.

However, the reporters, through their own channels, dug deep into the inside story, obtained some information, and immediately sent it back to their respective newspaper headquarters.

On that day, the stock of China-Pakistan Investment Corporation (CPIC) plummeted. Only then did stock market commentators and investors realize that Asia Investment Limited had probably obtained relevant information in advance, which is why it sold off some of its shares the day before.

Upon receiving the news, Yan Chengkun trembled with rage, glaring at Yan Jieqiang, his right-hand man, with eyes blazing with fury: "Tell me, have you tampered with the accounts of the China-Pakistan Group?"

"I, I..." Yan Jieqiang stammered for a long time, his face flushed, before finally kneeling on the ground with a thud: "Dad, I don't want to go to jail."

Seeing his son's behavior, Yan Chengkun immediately understood, and his head began to pound: "You unfilial son..."

Yan Jieqiang crawled forward two steps, grabbed Yan Chengkun's leg, and continued to plead, "Dad, this must be a conspiracy by Hongxing boss Jun. Tan Guangliu was definitely coerced by them." "What does this have to do with Chen Jiajun?" Yan Chengkun glared at Yan Jieqiang.

With tears streaming down his face, Yan Jieqiang recounted the contents of the phone call from the previous night to Yan Chengkun.

"If you're going to get hit, stand up straight; if you're going to admit your mistake, stand firm. Do you think you can hide it forever? Chen Jiajun calling you is giving you a way out!"

Yan Chengkun slapped Yan Jieqiang across the face.

If Yan Jieqiang had reported the facts truthfully last night, then Yan Chengkun would still have room to maneuver. But now that the other party has already broken off all pretense, there is no room for maneuver at all.

Yan Jieqiang cried bitterly, "Dad, I was wrong, I was really wrong, please save me!"

That afternoon.

The two sides met at the Chen Family Manor.

Chen Jiajun, puffing on a cigar, picked out a tea cake from the transparent display window: "Uncle Kun, how about this Songpinhao Pu'er tea?"

As he spoke, Chen Jiajun tossed the tea leaves into the teapot, opened the cigar box, and gestured for them to enter.

Both men lit cigars, and Chen Jiajun took a sip of tea before breaking the silence: "Sir Yan, it's not easy for us to sit down together and speak frankly. Why don't you express your opinion first?"

"Then let's be frank. I can hand over control of China-Pakistan and sell all the China-Pakistan shares held by the Yan family to you. But the new China-Pakistan board of directors should not dredge up old grievances, especially not pursue Yan Jieqiang's mistakes during his term."

Seeing that there was a way out, Yan Chengkun nodded and expressed his opinion.

Yan Chengkun's current act of resignation was entirely within Chen Jiajun's expectations: "The stock price is 25 yuan."

This struck a nerve with Yan Chengkun: "Killing someone is just a matter of beheading them, but I came here to negotiate in good faith. Is this your attitude, Mr. Chen?"

Chen Jiajun laughed dismissively, "That's because you used tricks and hyped it up. I don't agree with it."

"Pfft to your mother."

"I'd rather sell the stock to someone else than to you."

Yan Chengkun cursed angrily and was about to turn and leave.

"Uncle Kun, you'd better hurry, because the stock price of China-Brazil is plummeting right now."

"Once the issue of falsified accounts is revealed tomorrow, the stock price will likely fall further."

"In addition, it seems that Young Master Yan Jieqiang will also be reporting to Stanley."

Chen Jiajun spoke slowly and deliberately, crossed his legs, took a puff of his cigar, and exhaled a thick cloud of smoke.

Yan Chengkun strode back: "25 yuan is far too little. I need at least 30 yuan. Otherwise, I'll risk my life to sell my shares to someone else!"

After pondering for a moment, Chen Jiajun said, "Okay, deal."

The next day.

China-Pakistan Group.

The positions of Chairman of the Board and major shareholder, Asia Investment Company, are vacant.

The board assistant, a bespectacled man, anxiously adjusted his glasses; he was the moderator of today's meeting.

At that moment, someone hurriedly pushed open the conference room door, leaned over and whispered a few words in the bespectacled man's ear. The bespectacled man's eyes widened, and he immediately said, "Mr. Yan Chengkun has voluntarily resigned from his position as chairman due to health reasons."

"Clap."

The door was opened.

Everyone looked up.

The tall, well-dressed young demon slaves filed in, forming two long lines on either side of the conference room.

With an overbearing and imposing aura, Chen Jiajun led Wei Li and Wu Guangzheng into the conference room.

The bespectacled man immediately wiped his sweat and said, "Mr. Chen Jiajun has applied for the position of Chairman of the Board of Directors of the China-Pakistan Group. Does anyone have any objections?"

Everyone looked at each other, bewildered as to why such a turn of events had occurred.

Chen Jiajun took his seat in the main seat with an air of self-assurance, took out a cigar, and gestured for the bespectacled man to continue.

"Asia Investment Corporation has acquired the shares held by Director Yan Chengkun... Mr. Yan now holds 49% of the shares, making him the largest shareholder of the China-Pakistan Group."

In response to the acquisition battle between China and Pakistan, Sir John Paul and Chen Jiajun each contributed 500 million, and half of that amount remains.

This is enough to prove the value of the former Hutchison Whampoa chairman, Wayne Lai. Of course, it is undeniable that Chan Ka-Chun played a decisive role in this.

"Welcome Mr. Chen from Asia Investment Company. Let's welcome Mr. Chen, the tycoon, with a round of applause!" the bespectacled man said in a humble and sincere tone, then immediately stood up and clapped until his hands were red.

All rise.

"Snap, snap, snap, snap."

Chen Jiajun looked around, stood up and pressed his hands down: "No need to be so polite, just do it the same as before, as usual."

"Although you will be working for me in the future, China-Pakistan relations will depend on everyone's joint efforts. This is Mr. Wu Guangzheng."

"From now on, Mr. Wu Guangzheng will serve as the Group's General Manager and Vice Chairman of the Board of Directors."

"Wu Guangzheng, please sit down."

Wu Guangzheng bowed slightly to Chen Jiajun, then took his seat and said, "Dear colleagues, please take good care of me in the future."

"Mr. Wu, I have long admired your name."

The board members greeted each other.

"From now on, Mr. Wei Li will serve as the Group's Deputy General Manager and Vice Chairman of the Board. Many significant changes will occur in the Group in the future, so please stay tuned."

After Fu Weili and Wu Guangzheng took office, Chen Jiajun leisurely left.

(End of this chapter)