We're building a super chaebol in Hong Kong

"China Motor Bus Company Limited?" Su Cheng hadn't really paid attention to this company.

There were just too many old companies in Hong Kong. Although the area wasn't large, it wasn't uncommon to find businesses with decades of history.

And old companies, thanks to their long history, could indeed hoard a lot of land.

Afterward, Su Cheng and Zheng Qingbo discussed many things about Tianqi Property Company.

Su Cheng attached great importance to this property company. After all, even though the value of these properties might not reach 10 billion Hong Kong dollars now, they would surely appreciate dozens of times over in the next two or three decades.

Moreover, in addition to the appreciation of the properties themselves, they would also be rented out during these two or three decades, creating profits for Su Cheng.

So, adding all this money together, the profits created would be far more than just dozens of times, but hundreds of times or even more.

It could be said that Tianqi Property Company was used to create a foundation for the Su family.

Even if his other businesses were to lose money in the future, he could remain invincible because he owned Tianqi Property Company. This was his confidence.

After spending more than an hour at Tianqi Property Company, Su Cheng left.

He didn't go upstairs to find Yang Chaoye, but instead directly had the driver take him to Tianyuan Building.

In the car, Su Cheng called Zhang Qizheng, telling him that he would arrive soon and asked him to wait at the company.

Twenty minutes later, Su Cheng arrived at Tianyuan Building in North Point.

In the general manager's office, Su Cheng also met Zhang Qizheng, who was waiting for him.

"Boss, it's a good thing you called me, otherwise I might have already gone to Kowloon Peninsula," Zhang Qizheng said upon seeing Su Cheng.

"Oh? What's the matter in Kowloon Peninsula?" Su Cheng asked curiously.

"Going to the Hong Kong Stock Exchange. The traders there called and asked me to come over," Zhang Qizheng said.

"Is it about the acquisition of HSBC Bank?" Su Cheng immediately thought of this. Currently, the biggest task for the trading team in Hong Kong was to secretly acquire HSBC Bank's stock.

In addition to the team in Hong Kong, there were also traders in the UK, the US, and France targeting this stock, because this stock was listed on multiple exchanges.

"Boss, you guessed right. The acquisition of HSBC Bank's stock has been steadily progressing these days. According to the latest data, the four traders have already acquired a total of 3.89% of the stock. It is expected that next month, our acquisition of HSBC Bank's stock will exceed 4%, bringing us closer and closer to becoming a major shareholder of HSBC Bank. Today, the trader in charge of the Hong Kong side called me to report that there was a relatively large amount of stock available, but the price was a bit higher than the normal trading price, and asked me to go over and see if we should absorb it all at once," Zhang Qizheng reported.

Su Cheng looked at the time. It was 1:30 PM, still early.

For stocks like HSBC Bank, if the listed price is higher than the average trading price, it is generally not easy to sell. So, under normal circumstances, this stock with a price slightly higher than the average trading price would hardly be bought in the short term.

And the Stock Exchange's working hours are until 4:00 PM, so it wouldn't be a problem for Zhang Qizheng to go over before that time.

However, Su Cheng still asked: "Are you in a hurry to go take care of this?"

"This matter isn't urgent. The acquisition of HSBC Bank's stock is a long-term battle, so there's no rush. It wouldn't be a problem for me to go over and take a look at the situation later," Zhang Qizheng said with a smile.

"It's good that you're not in a hurry. I happen to have some things I need to tell you to do," Su Cheng said, taking a folded A4 piece of paper from his pocket and handing it to Zhang Qizheng.

Zhang Qizheng took the A4 paper and carefully looked at it.

"Are these properties that you intend to acquire, Boss?" Zhang Qizheng asked, placing the paper on the table after skimming through it.

"These are some properties that Mr. Zheng Qingbo, the General Manager of Tianqi Property Company, has recently been helping me keep an eye on. I took a look and think they are not bad. Find someone to help me investigate them at a convenient time. If they are suitable, buy them by driving down the price. If they are not suitable, then forget about it," Su Cheng said directly.

"Okay, I understand," Zhang Qizheng said, putting away the paper and nodding.

He was very experienced in this matter. He could find the negotiation team from Hutchison Whampoa Group to drive down the price. If suitable, they would acquire it.

"In addition, there is another matter. I may be acquiring a listed company recently, so be prepared," Su Cheng continued.

"Oh? Which company is it?" Zhang Qizheng became curious.

The company that could catch the boss's eye should not be a small company, at least a well-known company in Hong Kong.

"China Motor Bus. I plan to take control of it, but before that, I'll have someone investigate it thoroughly first," Su Cheng said directly without hiding anything.

"China Motor Bus? Why would you suddenly think of acquiring it, Boss?" Zhang Qizheng asked strangely.

As far as he knew, although this company was a well-known company in Hong Kong and its profits were stable, it couldn't be said to be too profitable. It was not as good as Hong Kong Electric Holdings, because Hong Kong Electric Holdings was now involved in real estate and other industries, and was no longer just a public utility that relied solely on selling electricity for profit.

And China Motor Bus had no other business besides operating the bus business.

With the continuous increase in Hong Kong's population, the bus business was indeed a stable and profitable industry, but the profits were not very high.

This was also the reason why China Motor Bus's stock price was low.

"I have my eye on many of the land parcels under China Motor Bus's name. If I can acquire China Motor Bus, I can control these plots of land at a relatively low price," Su Cheng explained.

According to the property value announced by the government, China Motor Bus's net fixed assets reached 1.554 billion Hong Kong dollars, based on the inclusion of a large number of cheap land parcels.

However, the current market stock price of China Motor Bus is less than 1 billion Hong Kong dollars.

Moreover, Su Cheng did not need 100% control. He only needed to acquire about 50% of the stock, which would be enough.

In other words, barring any accidents, he would only need to spend 300 to 400 million Hong Kong dollars to control these properties worth 1.5 billion Hong Kong dollars.

This was a good deal.

(End of this chapter)