Just as Xia Yu was drinking tea, Wang Qi walked in with a folder, and immediately said: "Chairman, I have brought over the information of Kowloon Bus and China Bus, and Xiangjiang will just bring these two bus companies together, maybe they can be used." ”

"Well, just take it, let's see it later. ”

Xia Yu said with a smile, then took the folder, and when he opened it, the cover that caught his eye was written with the words "Kowloon Bus Company Limited".

He took out the document, and left another document with "China Motor Company Limited" on the cover in the box for the time being.

Flipping open the cover, Xia Yu looked at it quietly.

Founded in 1933, the Kowloon Motor Bus Company Limited (KLC) owns the franchise of the bus industry in Kowloon and the New Territories.

After more than 40 years of development, Kowloon Motor Bus Company Limited now owns more than 1,700 buses.

Previously, the profits of Kowloon Motor Bus Company Limited were still considerable and stable, and the year-end dividends of shareholders were very good, which was very popular with investors, so the market value reached 200 million Hong Kong dollars in 1972.

However, in 1975, in consideration of the impact of the bus industry on people's livelihood, the Hong Kong government ordered the implementation of profit controls, restricting the annual rate of return to no more than 16%, which deprived the Kowloon Motor Company Limited of its right to raise prices.

As a result, Kowloon Motor Bus Company Limited's profits plummeted and shareholder dividends were reduced, and since then, the share price of Kowloon Motor Company Limited has been in a state of weakness.

Faced with this situation, the founders Tan family and Lin family successively reduced their stock holdings, and also thought about withdrawing from the bus industry and using funds to invest in more promising industries.

Today, nine years later, the market value of Kowloon Motor Bus Company Limited is only about HK$420 million.

No, considering that the share price of Kowloon Motor Bus Company Limited has plummeted today, the market capitalisation has now fallen below HK$400 million.

Of course, Kowloon Motor Bus Company Limited is also a company that has been established for more than 40 years, and it stands to reason that there will be no shortage of hard assets, especially the bus company occupies a lot of land, and the assets will definitely not be only a few hundred million Hong Kong dollars.

But in fact, in 1961, the Kowloon Motor Bus Company Limited was spun off, in which the bus business still belonged to the Kowloon Motor Bus Company Limited, and the original property construction business was spun off to become Kowloon Development Company Limited.

After the split, Kowloon Development Company Limited was mainly dominated by the Lui and Ng families, the shareholders of the original Kowloon Motor Bus Company Limited.

However, despite the split, the Kowloon Motor Bus Company Limited still has a lot of land, which is being developed and utilized by the Lui family, the helmsman of Kowloon Development and the largest shareholder of The Kowloon Motor Bus Company Limited, in the form of side balls, and the loss is the public shareholders.

At present, the shareholder structure of Kowloon Motor Bus Company Limited is:

The Lei family, the largest shareholder, holds 20.33% of the shares.

The founder and current chairman of the board of directors, Deng Zhao, holds 9.75% of the shares.

Later, the remaining investors held 9.64 percent of the shares.

The Wu family, the fourth largest shareholder and founder family, holds 9.45% of the shares.

The fifth largest shareholder and founder, the Tan family, holds 8.48% of the shares.

The sixth largest shareholder and founder, the Lin family, holds 7.46% of the shares.

In addition, 34.84 percent of the shares are in circulation, distributed among financial institutions and individual investors who are not on the board of directors.

Unless financial institutions and individuals voluntarily disclose, as long as it does not reach the 5% threshold, no one knows who owns it.

Just like Jiuding Securities Company, it bought 3.75% of the shares one after another, totaling 3.45 million shares.

Jiuding Securities Company does not need to disclose shareholding information at all, but considering that it will be bought and sold later, it is convenient for buyers to find the door, so it takes the initiative to disclose shareholding information.

As long as other financial institutions simply invest and do not carry out hostile takeovers, they will basically take the initiative to disclose shareholding information, after all, buying shares is to make money, and if you don't put it out, you will sell a fart!

After reading the information of the Kowloon Motor Company Limited, Xia Yu took out the documents of the China Motor Company and read them.

Chunghwa Motor Company Limited was established earlier, in 1924, initially to operate bus services on the Kowloon Peninsula and the New Territories, and later in 1933 after the British Government of Hong Kong introduced a bus franchise, it acquired a bus franchise on the more prosperous Hong Kong Island.

It's a pity that just after MacLehose went north last year, the future of Hong Kong has been put on the surface, and the Hong Kong government announced the construction of the Hong Kong Island Line in the subway.

Last year's incident is very representative, there was a batch of buses that needed to be returned and exchanged for purchase last year, and the Kowloon Motor Bus Company Limited began to discount, and originally purchased 50 buses, but only 32 buses were purchased.

And the Yan family and the Huang family have already begun to reduce their holdings and cash out shares.

Investors with a keen sense of smell have begun to vote with their feet.

At present, the market value of China Motor Company Limited is only about half that of Kowloon Motor Company Limited, at HK$230 million.

In terms of shareholder structure, the earlier Chung Hwa Motor Company Limited is not as dispersed as the Kowloon Motor Company Limited, which was established later, with the founder Yan family holding 24.74% and the founder Huang family holding 22.12%.

In addition, there are some small shareholders who hold some shares, and the rest is dispersed in the hands of financial institutions and retail investors.

So in general, the acquisition of China Motor Co., Ltd. is less difficult!

After closing the information, Xia Yu already knew the situation of the bus industry in Xiangjiang, and he thought for a moment before looking at Wang Qi and instructing:

"Wang Qi, I'll give you a task, to acquire Kowloon Bus Company Limited, you need the bus puzzle in the grand strategy!"

"It's a rare opportunity right now. ”

Wang Qi was not surprised, he knew when Xia Yu first arrived that Kowloon Motor Bus Company Limited would be a target for acquisition.

As for the reason for the acquisition, Xia Yu didn't say, but after the strategic meeting of the consortium, he was able to guess some.

In the strategy of "one core, six pillars", the trade and logistics industry, as well as the tourism service industry, need the support of the bus business, especially the tourism service industry, and the transportation is convenient to drive the much-needed passenger flow of the tourism and retail business.

In addition, there should be calculations for the real estate industry, after all, the Kowloon Motor Bus Company Limited has a lot of land, and it is better to get it and not develop it than to be bought and used for development.

Moreover, transportation is an important influencing factor in the real estate industry, and if the transportation is convenient, the houses on a transportation line will be easy to sell, and the originally low land price will rise.

If we think about it the other way, as long as the Kowloon Motor Bus Company Limited is in hand, it can vigorously open up new transportation routes, and then the importance of urban housing will lose the huge advantage of convenient transportation.

Originally, it takes one or two hours from the suburbs to the city, and the bus line can be passed at any time after the opening, and the time is reduced to ten or twenty minutes, so for many residents, the difference between the suburbs and the urban area is not big, the big deal is to spend more than ten or twenty minutes, why spend money to buy a house in the urban area?

"Chairman, to what extent do you need to acquire Kowloon Motor Bus Company Limited, and do you want to privatise it?"

Wang Qi thought about it and asked Xia Yu.

Xia Yu thought for a moment and said: "There is no need for a wholly-owned acquisition and delisting, it is not cost-effective to invest in Kowloon Motor Bus Company Limited, what I need is its role, I only need to acquire 67%, and I can absolutely control the board of directors and shareholders' meetings." ”

"After the acquisition, Kowloon Motor Bus Company Limited will be owned by Jiuding Transportation Group, and Jiuding Securities will hold the second largest shareholder, so as not to let Jiuding Transportation Group go over. ”

"What about the chairman, what about China Motor Co., Ltd.?

Wang Qi then asked.

Xia Yu immediately said: "Of course you want to acquire, but don't worry, you can gnaw the harder bone of Kowloon Motor Bus Company Limited first, the Yan family and the Huang family want to withdraw their capital and leave Xiangjiang, and the acquisition will not be too difficult." ”

"However, this major traffic accident of the Kowloon Motor Company Limited will also affect the stock price of China Motor Company Limited. ”

Wang Qi nodded in understanding and said, "I understand, I'll convene a meeting of some people later, and strive to come up with an operation plan today." ”

"By the way, chairman, this operation needs the assistance of Jiuding Newspaper Company and Global TV. ”

Xia Yu said indifferently: "You can communicate the specific operation matters yourself, anyway, don't drag the mud and water, hurry up!"

"Understood!"

Wang Qi replied with a straight face.

After Xia Yu left, Wang Qi immediately summoned people to form a temporary special action team and got busy in full swing.

Early the next morning, the major newspapers under the Jiuding Newspaper Company reported on the major traffic safety accident that occurred yesterday.

Not to mention Global TV, which was highlighted in last night's "News 30 Minutes" and this morning's "Morning News", and also sorted out a series of bus-related traffic accidents in Heung Kong in the past.

It can be said that as long as the audience sees the news, they are all shocked.

Because the impact of this incident is too great, other newspapers and radio stations, as well as TVB, have focused on reporting and following up on relevant developments.

In just one day, this incident became the biggest hot news in Xiangjiang, and the Kowloon Motor Bus Company Limited was lifted to the fire, and Deng Zhaojian and other company executives were very busy.

The Hong Kong government's stern inquiries, the media blocking the company's periphery, the plummeting stock price, the company's turbulent people's hearts, and the accusations and abuses of the masses are like huge stones that have smashed them dizzy.

The water is so hidden!

Lei Juekun and the others didn't notice that Wang Qi and others were behind it.

The share price of China Motor Company Limited also fell below 1.3 Hong Kong dollars, and the company's market value fell below 200 million Hong Kong dollars.