People in Hong Kong create super chaebols

Central, on the top floor of Su Group Building, in Su Cheng's private reception room.

After he finished dinner, he brought Zhong Chuhong here.

Su Cheng sat on the sofa, leisurely drinking the Taihu Biluochun brewed by Zhong Chuhong for him.

Biluochun's soup is green in color, tastes elegant, and lasts a long time. Su Cheng still likes to drink it.

Not far from the coffee table, there is a custom-made tea cabinet, which contains various famous teas, including famous Chinese teas and famous teas from all over the world.

At this time, an employee came over to report that Yan Chengkun from Chunghwa Bus had arrived.

"Bring him up." Su Cheng said.

Looking at the time, it was only 7:37 in the evening, and the time they agreed to meet was at 8 o'clock in the evening.

It can be seen that the head of the Yan family can't wait to meet Su Cheng.

It is true that the Yan family no longer knows how to operate.

They hold 33.3% of the stock in their hands, so sell it, but they are unwilling to do so. After all, they are the ones who run China Bus.

Don't sell it, but you can't continue to control China Bus.

Tianyuan Investment Co., Ltd., which holds more than 50% of the shares, is completely able to act arbitrarily on China Bus and does not care about the opinions of other shareholders.

In this situation, Yan Chengkun didn't know what to do.

A few minutes later, Su Cheng saw the eighty-year-old man.

Yan Chengkun wore a pair of black-rimmed glasses and a beige suit, with a trace of sadness on his face.

Su Cheng stood up to greet him and said with a smile, "Welcome Mr. Yan."

"Hello, Mr. Su, I didn't expect that we would meet under such circumstances. It's true that the waves behind the Yangtze River push the waves ahead. Each generation is stronger than the other." Yan Chengkun was filled with emotion when shaking hands with Su Cheng.

"Mr. Yan, let's sit down and drink tea first." Su Cheng did not continue to be modest with him, and pointed to the sofa with a smile.

After Yan Chengkun sat down, Su Cheng poured him a cup of tea. Although the current Yan family is not on the same level as him at all, they are still the seniors of the Xiangjiang Huazi Consortium. What's more, they have just compulsorily acquired someone else's company, so Su Cheng still shows respect.

"Mr. Su, I want to know that our China Bus is just a company with a market value of less than one billion Hong Kong dollars. Why do you like it?" After drinking a cup of tea, Yan Chengkun couldn't wait to ask him what he had already wanted to ask. The words came out.

"Mr. Yan, as the founder of China Bus, you should also know that the current stock price of China Bus is far lower than the actual value of China Bus. This is why I acquired China Bus." Su Cheng said truthfully.

"The actual value of our China Bus is only due to the value attached to those land parcels. If the land is not developed, it has no value. Only relying on bus operations is our main source of revenue for China Bus. But our current China Bus The annual turnover is only more than 30 million Hong Kong dollars. This amount of money is considered a small amount of money for Mr. Su. Why do you spend so much time to compete with our Yan family for the control of China Bus? Could it be that our Yan family has offended Mr. Su?" Even though he was in his 70s and 80s, Yan Chengkun couldn't help but start complaining when facing Su Cheng.

In Yan Chengkun's view, no matter how high the actual valuation of China Bus is, what's the use? It's not a company with an annual turnover of more than 30 million Hong Kong dollars. Why would someone like Su Cheng, who is worth tens of billions, compete with him for such a small business? Where is the company?

"Mr. Yan, to be honest, I acquired China Bus for my own reasons. Since you chose to list China Bus at the beginning, you should have thought that there would be a day when Mr. Yan is better than me in business. I have experience, so I won’t say too much. My acquisition of China Bus is purely a commercial act. You have not offended me, but I feel that if the current China Bus is developed, the annual profits will definitely increase. a lot of.

Your business model is too conservative, which has led to China Bus, an excellent company, being constantly belittled in the stock market. I see its value and will naturally acquire it if I can. Mr. Yan doesn’t have to think too much. What's more, now that I have become the controlling shareholder of China Bus, this matter cannot be changed. It is meaningless for Mr. Yan to get to the bottom of it. "It was rare for Su Cheng to say a few more words to this old senior.

"China Bus has gone through a history of 46 years since its establishment. Over the years, in order to manage the company well, I have worked hard every day, worked diligently and thrifty, and done everything myself. Now I am 79 years old, and I still use crutches to go to work every day. Late at night, we don’t rest on Saturdays and Sundays, so that the company’s operating costs can be reduced to a minimum, and the profit ratio is much higher than that of Kowloon Bus. In this case, Mr. Su, if you say that my business method is not good, I will definitely object!” said When it comes to this topic, Yan Chengkun is obviously unwilling to admit defeat.

"The status of China Bus in Hong Kong continues to decline. Is this a fact? I think Mr. Yan should know better than me." Su Cheng replied.

In the 1950s and 1960s, Chunghwa Bus was at its peak.

In that era, Yan Chengkun also received many honors, serving as the chief member of the Legislative Council, receiving OBE and CBE honors from the Queen of England, etc.

And Yan Chengkun, also known as the bus king of Xiangjiang, one can imagine how high his status is.

But after the 1970s, China Bus's status plummeted. Ultimately, the reason was that Yan Chengkun was too conservative in management decision-making, which caused China Bus's development to fail to keep up.

Yan Chengkun's headstrong character was the biggest reason for the decline of his bus kingdom.

"This is just because buses are no longer the only choice for everyone. Many people have private cars, taxis, etc., so buses are no longer taken so seriously." Yan Chengkun is still looking for reasons for himself.

“It is true that the number of private cars in Xiangjiang is increasing year by year, and taxis have greatly facilitated citizens’ travel. However, private cars are ultimately the means of transportation for the wealthy class, and the high price of taxis means that ordinary people cannot often take them. As far as I know, the number of passengers carried by Kowloon buses in the north is increasing year by year, and the same is true for China Bus. It stands to reason that your importance has become higher, so why is your status getting lower and lower? After all, the reason is still because of your inaction in service, which caused many customers to complain, and as a result, today's Chunghwa Bus is no longer respected.

No matter which city in the world, ordinary people make up the majority, and buses, as the first choice for civilian transportation, will not lack passengers at all. However, buses are a service industry. Since it is a service industry, we must do our best, even if it is just a cheap bus. service industry! In comparison, the service of Kowloon Bus is much better, and it is also supported by the people. Do you think the annual turnover of Kowloon Bus is much more than that of Chunghwa Bus? "Su Cheng is naturally opposed to Yan Chengkun's management philosophy. (End of Chapter)