People in Hong Kong create super chaebols

"Yes, after all, the Yan family has been in control of China Bus for more than 40 years, and their understanding of China Bus is much deeper than ours. Since they have such a behavior, they have their reasons, but I have also calculated it. , If it is just the cost of operating this area, it will be more than 5 million Hong Kong dollars a year. For you, boss, it is nothing, it is just a good deed." Zhang Qizheng laughed.

More than five million Hong Kong dollars is really nothing to Sioux City.

However, for the Yan family, it is already a considerable sum of money.

Although the Yan family is a family with billions of assets and can be regarded as the second-top wealthy family in Xiangjiang, the cash flow they usually control is actually not much.

For example, this time, if they had not sold all the shares of China Bus, they would not have a cash flow of nearly HK$500 million.

As for the dividends they received from China Bus in the past, they were basically invested in other places.

The Yan family is a big family after all, and it is impossible for them to invest all their assets in China Bus.

In addition to controlling the listed company China Bus, they have also invested in many industries across Hong Kong, such as property, retail, etc., but China Bus is their main business.

"Well, you can't save this money. You have to pay it when it's time. Service must be done well. When the bus business is done well, in the eyes of the citizens, this brand is a guarantee that can make them trust China Bus. The brand has enough trust, and by then our China Bus will be able to do well in real estate and even other industries," Su Cheng said with a smile.

"I think so too. By the way, boss, you went to Singapore this time for Mr. Melis. What was the result?" Zhang Qizheng changed the subject and asked.

"It's very successful. Mr. Mellis has been convinced by me. He has applied to the board of directors of Haw Par Company to resign. In about two weeks, he will end his work at Haw Par Company. At that time, he can go directly from Singapore. He has come to Xiangjiang to take over your job at China Bus. You can contact him when you have time to discuss the handover. You can also send him some information about China Bus to let him know the situation here in advance, so as to get familiar with China Bus early. business." Su Cheng replied.

"Congratulations, boss, for gaining another general. Even in Hong Kong, I have occasionally heard of Mr. Melis's talents. Boss, if you bring him over, the future of China Bus will be stable!" Zhang Qizheng said with a smile.

"I hope so. I have had a long chat with him in the past. He is indeed a talent. Because of this, I will try my best to convince him in the shortest possible time, because Mr. Li Ka-shing is also poaching him. If it is late, we will not be able to It's a chance, things are finally going smoothly now," Su Cheng said with a smile.

"By the way, boss, regarding the replacement of Chung Hwa Bus vehicles that are close to being scrapped, we have made statistics and found that nearly 180 buses need to be replaced. It will cost more than 10 million Hong Kong dollars. If they need to be replaced, Chung Hwa Bus will The funds for the bus are not enough. At present, all the available funds of China Bus are only more than 9 million Hong Kong dollars. This is because our speed is so fast that the Yan family has no time to use these funds to distribute dividends. If If it is divided, our available funds will be even less," Zhang Qizheng continued. "More than 180 vehicles? The number is indeed a lot." Su Cheng was a little surprised.

With so many buses approaching their end of life, the former Chung Hwa Buses have never been replaced and will continue to be used as soon as they can be repaired. It’s no wonder that citizens’ experience is so poor.

"Yes, China Bus's largest bus purchase channels in the past were Leland Atlanta Bus and Dynaudio Jumbo Bus. In addition, it also cooperated with some other bus brands, but the purchases were not large. Among them, the purchase of Dynaudio Jumbo double-decker buses was the most Many streets in Xiangjiang are relatively narrow, so they are very suitable for double-decker buses. They can not only save space, but also add a beautiful business card to the city. The government has always been very supportive of the use of double-decker buses by the two major bus companies in Xiangjiang.

In addition, the reason why Yan Chengkun did not upgrade buses very much was not only to reduce costs. After I took over China Bus, I also learned that there is actually another very important reason. The British mainland started to fully implement the one-person bus service in the late 1960s. This decision caused various bus manufacturers to abandon the production lines of front-engine buses and instead fully develop rear-engine buses suitable for one-person control.

Faced with the pressure of population growth and the opening of the Cross Harbor Tunnel, China Bus purchased a total of 336 rear-engine buses a few years ago in the hope of reducing operating costs. However, the Jumbo Bus appeared after being used in Hong Kong for a period of time. The phenomenon of acclimatization.

When a bus is overloaded for a long time, the chassis subframe and drive shaft often break under the load. The bus's engine and small water tank are placed at the rear of the bus. Although the bus environment is quieter, in Hong Kong's subtropical climate, the engine The cooling effect is very poor; moreover, the Jumbo Bus also lacks the ability to drive up inclined roads. In the environment of Hong Kong with many mountains and little flat land, the Jumbo Bus is obviously unable to meet its needs.

Especially since the 70s, the government has made every effort to develop new towns, as well as the Eastern and Southern Districts of Hong Kong Island. At that time, many routes to and from the urban area and these new development areas required climbing over mountains and mountains. Therefore, China Bus and Kowloon Bus were very convenient. It is believed that front-engine buses are always a more reliable choice at present, but now the market mainly produces rear-engine buses, and it is difficult for them to buy front-engine buses. If they want to buy them, they can only buy second-hand ones. It's a front-engine bus, and it's very old.

Therefore, when I was sorting out the information on Chung Hwa Bus, I also encountered difficulties. If I want to replace all the more than 180 buses, should I buy rear-engine buses? If I buy these rear-engine buses, then It must be just like in the past, it is still acclimatized. If nothing else, just the repair cost will be very high and very uneconomical.

I want to buy a front-engine bus, but it is difficult to do so. With our order of more than 180 buses, although it is a big order for the bus company, China Bus and Kowloon Bus have jointly requested them to buy front-engine buses. They are also unwilling to buy engine buses. Therefore, the purchase of buses may have to be postponed. You will decide how to deal with it after Mr. Melis takes office. "

Zhang Qizheng quickly revealed a big problem that China Bus is currently facing.

Not knowing how to buy a new car is indeed a big problem.

If the rear-engine bus he mentioned is indeed not suitable for Xiangjiang, Sioux City will never buy it. Why bother buying something that breaks easily? (End of chapter)