Hong Kong 1980: The Savage Era

Chapter 550 552 [Tuen Mun River Terminal] (New book, please collect it)
"It's just bluffing. We hold 31.3% of the shares and are sitting pretty." Yan Jie Qiang sneered.

The Yan brothers had long been dissatisfied with their eldest sister's control of the China-Pakistan Company, leaving them, the heirs, on the sidelines. Although they held positions in important departments of the company, many people in the company had joined Yan Jie Ling.

The provision that Xiangjiang's acquisition of equity reaches 35% to trigger a full acquisition is still valid, and Yan Jie Qiang does not think that the "stock sniper" dares to initiate a full acquisition.

The most important thing is that the Yan family does not have the strength to launch a full-scale acquisition.

"Increase our shareholding to 34.9% and don't touch the bottom line of a full acquisition. Those people in the Securities and Futures Commission are not here to do nothing, and I don't want them to come and cause trouble." Yan Chengkun made the decision immediately.

The Yan family was quite cunning. On the surface, they held a press conference to denounce Liu Luanxiong's hostile takeover, but secretly they were quietly buying up China-Pakistan Company shares at a low price.

Naturally, this action could not be hidden from the eyes of Liu Luanxiong and Liang Botao, so the two collected enough evidence and reported it to the media.

At the same time, Peregrine International announced that Chinese Estates Holdings already held a 35.2% stake in China Motor Bus Company and, in response to the requirements of the company's acquisition regulations, launched a full acquisition of China Motor Bus Company.

Of course, doing so would cause China Motor Bus Company to lose its franchise, but the matter is already settled, and only by taking over China Motor Bus Company can the greatest benefits be obtained.

Such news shattered the Yan family's dreams. They looked for banks everywhere for loans and wanted to launch a takeover campaign, but they never planned to negotiate with Liu Luanxiong. Maybe Yan Chengkun still thought he was superior.

Peregrine International's meeting room.

"We received news that Yan Chengkun complained to the China Securities Regulatory Commission that Chinese Estates Holdings and Zhaoan Group were acting in concert and demanded that our acquisition actions be suspended. However, the China Securities Regulatory Commission rejected Yan Chengkun's application," said Liang Botao.

"Mr. Luo is the one who has foresight. He knows that Yan Chengkun will resort to such tricks when he is furious." Liu Luanxiong praised Luo Qihong.

Luo Qihong smiled and said, "Even if the CSRC accepts Yan Chengkun's accusation, you still have a way to solve it. This trick can't save the situation. The Yan family will lose the China Bus Company. It is a foregone conclusion."

In fact, facing a "robber" like Liu Luanxiong, even if Yan Chengkun came out to negotiate, there would be no results. The only way is to repel Liu Luanxiong head-on.

Unfortunately, Yan Chengkun is too arrogant, or maybe he is too old, and his mind is not as flexible as it was fourteen years ago.

The Yan family is now surrounded by enemies on all sides and has also gained control of most of the board of directors. Liu Luanxiong's chances of winning are definitely higher than Yan Chengkun.

"I think we can convene a shareholders' meeting of China-Pakistan Company, remove Yan Chengkun from the position of chairman, and then clear Yan Chengkun's confidants out of the company as soon as possible." Liu Luanxiong said bluntly.

"Well, it's almost done. The shareholders will definitely support you, Liu." Luo Qihong agreed with Liu Luanxiong's approach, although the full acquisition has not yet been completed.

"After I take control of Chinabus, I will purchase new buses and provide new training for employees," Liu Luanxiong talked about a lot of plans.

Luo Qihong thinks it is too early for Liu Luanxiong to say this. If the problem of the Yan family being eliminated is not solved, it will still be quite difficult. After all, the Yan Chengkun family has been operating in the China-Pakistan Company for half a century.

"Big Liu, how do you plan to get Yan Chengkun to leave China-Pakistan Corporation?"

Hearing this, Liu Luanxiong smiled and said, "Mr. Luo, you know best how Chinese Estates came into my hands."

Obviously, Liu Luanxiong intends to use the same method he used against Wei Li to deal with Yan Chengkun. This will definitely work. After all, Wei Li comes from the securities and stock market, and Yan Chengkun is far inferior to him in this regard.

"This is probably different from Wei Li. At that time, Wei Li had Asia Securities, but Yan Chengkun only had China-Pakistan Company." Luo Qihong's meaning was very clear. The fight of a trapped beast is very dangerous. Even if you win, both sides will suffer.

Liang Botao and Liu Luanxiong are good friends, so he interrupted and said, "Luo Sheng is right, Da Liu, you should think about it again."

"What is Mr. Luo's suggestion?" Liu Luanxiong asked. Luo Qihong did not want to "draw water from a bamboo basket for nothing". He and Liu Luanxiong were on the same side for the time being and could not sit back and watch China Bus Company fall into the whirlpool.

"Since Yan Chengkun likes real estate so much, let him open a new real estate company and we will give him enough capital."

Liu Luanxiong is a frugal person and doesn't want to let Yan Chengkun get away with it.

"The local market and stock market are starting to pick up. If we continue to fight with Yan Chengkun, it will only be a waste of time." Luo Qihong persuaded, "The stocks we bought at a high price can be fully recovered in the future. Don't you still believe in yourself?"

In the end, Liu Luanxiong was persuaded and was willing to buy the shares of China-Bulgaria Company held by the Yan family at a premium, and at the same time exchange them for the properties held by Chinese Estates Holdings at a premium.

On the other hand, Yan Chengkun was so angry after hearing that Chinese Estates Holdings held 42.6% of the shares that he was admitted to the Hong Kong Sanatorium and Hospital.

Yan Chengkun regretted his decision at this time. If he had run the company well and not been surrounded by enemies, Liu Luanxiong would never have succeeded so easily.

“Raise funds immediately to launch a counter-takeover and make sure to save China Bus Company.” Yan Chengkun anxiously instructed his children in the ward.

Yan Jie Ling said hesitantly, "A counter-takeover would require more than HK$6 million. We only have 2-3 million in cash right now, so the difference is a bit large. It will also take time to get a loan from the bank."

Yan Chengkun's breathing became rapid. He knew that his family did not have that much money. They were all fixed assets. Even if they were sold at a low price, it would take a day or two.

"We Chaozhou people are very united. If you go to find Mr. Li from Cheung Kong, they should be able to help us."

"Dad, you forgot that Liu Luanxiong is also from Chaozhou and is also in the Chamber of Commerce. Moreover, we have offended Luo Qihong, and those people may not be willing to see us." Yan Henry said.

Yan Chengkun closed his eyes in pain. He now realized that he was too conceited and thought that today's Hong Kong was the same as the old Hong Kong.

"Go out, and take care of yourself from now on."

The three siblings of the Yan family were relieved to see their father calm down. Losing China Bus was not the most terrible thing. As long as they had Yan Chengkun's banner, they would still have connections to support them in the future.

Zhaoan Group Corporation.

Tan Yunqi, general manager of the shipping company, came to report on his work. He is also a heavyweight figure in the group. Both the shipping industry and the docks and ports have brought pillar income to the group.

"Boss, I received news that the Hong Kong government is preparing to launch the Tuen Mun River Container Terminal project, and it is tentatively agreed to start bidding in January. Cheung Kong Holdings will be our biggest rival."

In Hong Kong, many people know that Hutchison Whampoa likes to invest in ports and terminals. Over the years, it has won bids for countless port projects in the world, and its assets are difficult to calculate.

Although Siu An Shipping Company has multiple ports, its strength is difficult to match that of Hutchison Whampoa. However, with the support of Siu An Group, Hutchison Whampoa may not be able to gain any advantage.

Luo Qihong remembered that this project was more profitable than the previous Kwai Chung Pier No. 8. After all, it was an important port connecting Hong Kong to the mainland, which meant it would have access to the entire mainland market.

"Yes. It's hard for us to take on such a large project. We must find allies. I think Li Jiacheng will find one too." Luo Qihong said, "When you go back and prepare for the bidding, you must be cautious and careful."

"Yes!" Tan Yunqi nodded in response and left the office.

Luo Qihong glanced at the departing figure and gradually fell into deep thought, pondering over the choice of ally.

(End of this chapter)