After lunch, Chen Hui left Suite 666 of Banyan Tree Hotel very satisfied, thinking of what had just happened, he couldn't help but feel a burst of amusement, it was hard to imagine how big the psychological area of the phone man was!

When Chen Hui returned to the Temasek Building office, several assistants also hurriedly ran over and said, "Chairman!"

Chen Hui sat on the boss's chair and said, "What's the situation?"

An assistant took the lead and said, "Chairman, we have acquired 50% of the shares of the Singapore MTR Corporation!"

Founded in 1987, Singapore Mass Rapid Transit (SMRT) is Singapore's leading multi-modal public transport service operator with transport as its core business, providing customers with safe, reliable and comfortable transport services across the country, mainly operating the Singapore MRT East-West Line, North-South Line and Circle Line.

Not only is Singapore's MRT system one of the cleanest in the world, but it also offers travellers great views of the hinterland and urban areas, and can reach almost any corner of Singapore. Apart from operating Singapore's MRT system, SMRT also operates bus services mainly in the northern part of Singapore.

Chen Hui nodded and said, "Very good, how much money has been spent?" He looked at the information, and the current market value of the Singapore Mass Rapid Transit Corporation (SMRT) is around $1.4 billion!

The assistant said respectfully: "Chairman, a total of 700 million US dollars was spent!"

When Chen Hui heard the assistant's words, he paid 700 million US dollars to the Standard Chartered Group account that was advanced, and said to the assistant with satisfaction: "You have done a very good job!"

Today, Singapore's sovereign wealth fund holds a 30% stake in the Singapore Mass Rapid Transit (SMRT), compared to Temasek Holdings' 24% stake in the Singapore MTR Corporation!

Singapore's sovereign wealth fund, together with Temasek Holdings, controls the majority of the Singapore Mass Rapid Transit (SMRT).

But after the bankruptcy of Temasek Holdings, this 24% of the shares went to some financial institutions!

The reputation of the Singapore Mass Rapid Transit Corporation (MRT) was hit hard in December 2011 when two major failures on its metro lines left more than 210,000 passengers stranded.

The two failures, the worst accidents in the history of the MRT, caused an outcry and public criticism of the company's broad interests, and the company's share price fell sharply until 2014, when it recovered somewhat.

And Chen Hui ordered people in the stock market, financial institutions, and tycoons to buy shares in the Singapore MTR Corporation, and now they have full control of the company!

Surpassed Singapore's sovereign wealth fund to become the largest shareholder of the Singapore MRT Corporation!

But Chen Hui doesn't just want the Singapore MRT!

Thinking of this, Chen Hui asked, "How is the discussion on the new MRT?"

There are currently five MRT lines in Singapore, three of which are operated by the Singapore Mass Rapid Transit (SMRT) and the remaining two by Singapore MRT's rival SBS Transit.

SBS Transit (hereinafter referred to as SBS), which is one of the two major public transport agencies in Singapore (the other is SMRT Group), was established in 1978, formerly known as "Singapore Bus Company Limited", listed on the Singapore Stock Exchange, mainly engaged in subway, light rail system and bus business.

SBS is the largest public bus service provider in Singapore, accounting for about 62% of the market. Following the implementation of the Bus Outsourcing (BCM) model by the Government, SBS currently operates 8 bus packages under Negotiated Contracts.

In total, the Group operates 208 bus routes and manages a fleet of approximately 3,246 buses. At the same time, the Group also has a 36% share of Singapore's rail services market, mainly operating the Urban MRT Line, the North East MRT Line and the Sengkang-Punggol LRT train, with a total length of 82 km.

SBS's business is confined to Singapore, while its public transport services division accounted for 95.3% of its FY17 revenue, with the remaining 4.7% of revenue coming from the group's other commercial services, including advertising revenue and commercial store rentals.

Today, the market value of SBS is $900 million!

Another assistant said, "The chairman, Mr. Koh Wai Sheng, the chairman of the new MRT, is already on his way to Temasek Tower, and he wants to talk to you in person!"

Koh Wei Seng is the 40th richest person on the 2013 Forbes list in Singapore, worth US$450 million, and holds a 50% stake in SBS!

Chen Hui nodded and said, "Well, when he arrives, he will take it directly to my office!", he spent $300 million for Singapore Power Group before, and today he spent $700 million again, and now there is $1 billion left, and now Chen Hui has $56 billion left in his HSBC private deposit account!

This time, Xu Weisheng, the chairman of the new MRT, came over to talk about the merger of the new MRT and the Singapore MRT Corporation!

The assistant said, "Yes, chairman!"

··

Half an hour later, Xu Weisheng rushed to Chen Hui's office, and the whole person was sweating profusely!

Chen Hui said to him, "Mr. Xu, sit!"

After Xu Weisheng sat down, he wiped the beads of sweat from his forehead and said, "Mr. Chen, I will get straight to the point, I want to merge the new MRT (SBS) and the Singapore Mass Rapid Transit Corporation (SMRT)!"

When Chen Hui's people approached him a long time ago, he also had the idea of joining Chen Hui's Standard Chartered consortium system, and he would also serve as the chairman of the new group at that time!

Chen Hui smiled, took a sip of tea slowly, and said, "Mr. Xu, you should really speak quickly!"

"Tea first!"

Xu Weisheng's expression was a little embarrassed, but his eyes were very firm, he also took a sip of tea slowly, laughed, and said, "Mr. Chen, good tea!"

"Look???Can we do it tonight?"

"I had everything ready before I came to see you, just waiting for your nod!"

Chen Hui nodded, smiled gloomily, and said, "Okay, Mr. Xu, then we'll do it tonight!"

··

The two chatted for another hour, and Xu Weisheng said, "Mr. Chen, then I'll go back and prepare now!"

Chen Hui said: "Okay, I'll wait for your good news!"

"Mr. Chen, we have a happy cooperation!"

The two shook hands briefly, and Hui Weisheng quickly left Temasek Building and rushed back to prepare!

Chen Hui also got an assistant and ordered some things!

··

In the evening, Singapore's two major public transport agencies, the Singapore Mass Rapid Transit (SMRT) and SBS Transit, announced the merger to form the Singapore MRT Group!

The chairman of the Singapore MRT Group is the former chairman of the new MRT Xu Wei Sheng, Xu Wei Sheng holds 19.5% of the shares of the Singapore MRT, as the largest shareholder of the Singapore MRT Group on the surface!

And Chen Hui holds 30% of the shares of the Singapore MRT Group!

At the same time, the two companies announced their delisting, and after the integration, they re-listed at a valuation of $2.3 billion

The news immediately shocked Singapore!

Because the two companies have joined forces to have an almost complete monopoly on Singapore's transportation industry!!

There are many opinions, and the most discussed topic is "Will the price of the subway and buses increase in the future??"

"Monopoly !!"

"Xu Weisheng, chairman of the new MRT, is so powerful, he actually swallowed the Singapore MRT company!"

"If there is no one behind him, how can Xu Weisheng complete this!!"

"The Singapore MRT Group is afraid that it has a monopoly on 90% of Singapore's transportation industry!"

"The cost of transportation may increase in the future!"

···

At this time, the official also announced that the price ceiling of transportation fees will be formulated!

That's when the public was reassured!