We're building a super chaebol in Hong Kong
#792 - The dust has settled
"Oh? Boss, why do you say that?" Zhang Qizheng asked, somewhat surprised.
After the press conference of China Bus ended, Su Cheng did not leave the company but stayed there.
China Bus, in any case, is now a company with a market value of over one billion Hong Kong dollars. Although on a global scale, a listed company with a size of one billion Hong Kong dollars is nothing, in Hong Kong, it is definitely among the top tier of enterprises.
Therefore, Su Cheng still values China Bus quite a bit.
"The Yan family's complete withdrawal from China Bus is, first of all, good news for us. However, if they sell their shares to a powerful consortium, then the change is actually not significant, because these consortia will definitely try to influence our policies regarding China Bus. Although they don't have decision-making power, they do have supervisory power, which is ultimately troublesome.
But now, judging from the news, the Yan family's shares are not only being sold perfectly, but they are also being sold directly on the stock market. I have already received news from Brother Wu that major securities companies are very busy today, with a large number of individual investors participating. This is also why the Yan family's shares can be sold so quickly.
And the Yan family selling their shares through the stock market also means that the majority of the remaining shares of China Bus have entered the pockets of ordinary shareholders. This also means that, apart from our Tianyuan Investment Company, the remaining small shareholders of China Bus are not a concern and cannot have any impact on us at all.
Therefore, although the Yan family has made a fortune in the stock market, for us, isn't this also good news? That's why I say this is a win-win situation."
Su Cheng patiently analyzed to Zhang Qizheng.
"Boss, now that you put it that way, it really is!" Zhang Qizheng said, nodding in agreement after hearing this.
"The enthusiasm of the shareholders is truly beyond my expectations. The shares of China Bus should be like this. If those shares of the Yan family were acquired by a certain consortium, then it would be no different from before. Now, the shareholders have solved an important problem for us. We must manage China Bus well and create more dividends in the future to reward them!" Su Cheng laughed.
"Indeed, but with the example of Hongkong Electric Holdings, the situation of China Bus is not considered unusual. It can only be said that your influence, boss, is too great, so great that they are willing to follow you, hoping to benefit from it. If Hutchison Whampoa and the Su Corporation hadn't been privatized by you, boss, I estimate their stock prices would have soared to the sky!" Zhang Qizheng also said with a smile.
"Next, the affairs of China Bus will be handed over to you. Thank you for your hard work. I will also instruct Sanyo Headhunting to find a suitable successor for you as soon as possible. Your focus is ultimately on Tianyuan Investment Company. However, there are not many things you need to focus on at Tianyuan Investment Company at the moment, which is why I am temporarily having you concurrently serve as the general manager of China Bus," Su Cheng continued.
"Okay, boss, rest assured, I will do my best to manage China Bus before the successor arrives," Zhang Qizheng nodded.
"Also, this bus headquarters building is too dilapidated. You should move the company's office to Tianyuan Building first. Charge rent according to the market price. As for this place, come up with a demolition and reconstruction plan as soon as possible. You can cooperate with Hutchison Whampoa Properties," Su Cheng continued.
Although China Bus is now absolutely controlled by Su Cheng, it is not his private enterprise after all. Therefore, he will definitely not treat it the same way as other wholly-owned enterprises. The rent should be whatever the market price is.
This building is really too old, more than forty years old, already tattered, and does not look like the headquarters of a listed company with a market value of more than a billion Hong Kong dollars at all.
Even the old headquarters building of the former Su Corporation was much newer than this.
A listed company with a scale ranking among the top fifty in Hong Kong having such poor office space, it would be strange if the morale of the office staff was not low.
"Okay, boss, I understand. I will implement these matters as soon as possible. In addition, I will also implement those speeches you made at the press conference as soon as possible," Zhang Qizheng replied.
Su Cheng looked at the time, it was already half-past twelve noon, so he stood up, patted Zhang Qizheng on the shoulder and said, "Thank you for your hard work during this period. I'll go back first, you continue to be busy."
The affairs of China Bus have been settled, and he no longer needs to pay too much attention.
With Zhang Qizheng temporarily in charge of things here, he is very relieved.
Of course, Zhang Qizheng is not a professional after all. He is better at financial work, so a replacement for Zhang Qizheng's work at China Bus still needs to be found as soon as possible.
Su Cheng had made an appointment with Cherie Chung to go back and have lunch with her. Although it was a bit late now, he had to do what he promised.
Originally, as Su Cheng's current personal assistant, Cherie Chung should have come along.
However, Cherie Chung is after all a famous and popular female star in Hong Kong. If she comes, it will definitely cause a certain impact, and maybe even cause a lot of trouble. Therefore, she tries not to show up in those situations where it is not appropriate.
Of course, Momoe Yamaguchi can openly announce her marriage news.
And Cherie Chung, although she also wants to make this matter public, it involves Su Cheng after all. Before Su Cheng publicly announces their relationship, Cherie Chung will not reveal her true situation.
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At the Hong Kong Stock Exchange, the afternoon trading session began, and the shares of China Bus, as expected, although the trading speed was no longer as fast, continued to trade at a steady pace.
Watching the shares being sold continuously, the Yan family father and son's mouths were smiling so wide that they couldn't close them.
At 3:18 p.m., the trader came over to announce that all the shares of China Bus held by their Yan family had been officially sold out. The funds earned in these two days, after deducting transaction fees, the Yan family had cashed out more than 480 million Hong Kong dollars in the stock market.
Although it was less than 500 million Hong Kong dollars, all the Yan family members were very satisfied.
In two days, more than 15 million shares were sold through the stock market, and it was not a major consortium that entered the market, but basically retail investors, which can be regarded as creating a history in the Hong Kong Stock Exchange.
(End of this chapter)
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