Chapter 263 Business War Game (Ask for Recommendation)
If you want to say what business is the most profitable, then many people will definitely say that the business that can monopolize the market is the most profitable. Although there is less than one bus company in Hong Kong at the moment, KMB is definitely the most famous in terms of popularity.
Compared to another Citybus company, KMB has the largest number of buses and the routes that pass through the bus are also the most trafficked. For companies that operate buses, routes with a lot of foot traffic often mean more revenue.
It is precisely by owning the famous bus company KMB that Yu Jiankun has also become a well-known bus elder in many Xiangjiang. And the Xincheng Film Company and the cinema chain under its name were also founded in recent years.
Originally, in Xu Zhengdao's view, the highway that could go directly to the New Taipei District was built, and the bus company should not refuse to open an additional route. As a result, it didn't work out, and people directly refused, saying that this line was not profitable at all.
There is nothing wrong with saying this, and it will definitely not be profitable to open this line in the short term. However, bus companies, as micro-profit enterprises, need to assume more social responsibilities instead of just thinking about making money.
After receiving KMB's reply, Shinhwa Group also submitted a complaint letter to the department in charge of transportation, and the head of the department in charge of transportation also called sincerely to inform him that they could suggest this matter, but could not be forcibly assigned.
Xu Zhengdao, who learned the news, also smiled and said: "Old Yu, it's okay, in fact, we submitted the complaint letter to give KMB one last chance." Since they don't cherish it, let them feel our anger! β
"Okay, Yan Sheng!"
Yu Jiankun, who also learned the news, said with some disdain: "I really thought that a complaint could make me succumb, it's really naΓ―ve!" β
Having said that, Yu Jiankun also knew that the Mythical Group was not easy to mess with, so he still asked his subordinates to pay attention to the situation of the company and the stock market. Even for this, a lot of cash was raised. He felt that if the Mythical Group wanted to retaliate, it would definitely do something on the stock.
Sure enough, on the third day of the reply from the transportation department, KMB stocks, which usually have little price fluctuations, suddenly rose in a straight line for a short time. A large number of outstanding shares have been swept away at high prices.
The securities company that operates stocks soon found out through the channel that it was Qinglong Investment, a subsidiary of the Mythical Group, that swept the goods. With the large number of shares of KMB purchased by Qinglong Investment at a high price, many shareholders also sold them one after another.
The results are without exception, as long as someone throws it, Qinglong Investment will not refuse. Yu Jiankun, who learned the news, quickly threw himself into the team of grabbing stocks at a high price. For a while, KMB's stock soared as if it were flying.
What made Yu Jiankun's heart even more shocking was that the president of Mythical Group began to meet with other shareholders of KMB and offered to buy the shares they owned at a high price. Hearing the news, Yu Jiankun also hurriedly called those shareholders.
As the most well-informed media, it soon made a detailed report on the acquisition of KMB shares by Qinglong Investment. After reading the report, many people feel that KMB is indeed a little too domineering.
It is obviously a low-profit enterprise, but it is unwilling to assume more social responsibility. However, some people feel that since it is a public-private partnership, there seems to be nothing wrong with the majority shareholder refusing unprofitable bus routes in order to ensure the interests of shareholders.
But in any case, under the media publicity, the bus company's stock continued to climb. Thankfully, the shareholders who were good friends with Yu Jiankun did not sell the shares of KMB and seemed to have chosen neutrality.
Yu Jiankun, who received the news, naturally breathed a sigh of relief. He even quickly said: "Inform the media, just say that Qinglong Investment will use the funds from the previous private placement to acquire the shares of our company." This kind of behavior is very shameful. β
"Okay, Yusheng!"
Thinking of the tens of billions of funds privately raised by Qinglong Investment earlier, Yu Jiankun was really worried that the other party would use money to smash people. In order to avoid Qinglong's investment and buy more shares of the company, he can only choose to use off-market moves.
As an old fox who has been in business for many years, Yu Jiankun dared to refuse the application put forward by the Mythical Group, and naturally expected that the other party would inevitably retaliate. In this case, it is okay to make some trouble for Qinglong's investment.
As a number of media outlets that received the money quickly exposed the misappropriation of private equity funds by Qinglong Investment, many investors who invested money were also worried that their investment would not be guaranteed, and immediately called to ask for the principal back.
The staff in charge of answering the phone also said sincerely: "Sir, if you get the principal back now, then we don't have to pay the investment income." The only thing we can return is your capital, are you sure? β
"Sure! Return on investment, it's good to get back the principal, I want the principal! β
"Yes, sir. Please come to the company in person and go through the relevant procedures. Since you need to sign in person, you must be present to sign the agreement, so please understand. β
After hanging up the phone, Qinglong Investment's phone never stopped. And Yu Jianling, who was in the office, said with emotion: "Yan Sheng, it seems that you have been right again." This Yu Jiankun is really not simple! β
"It's okay! In the name of the president of the group, you go to meet with the Taipan of Huaqi and Huifeng to inquire about the loan. In this way, others will believe that we can't pay the principal of the private placement! β
"Okay, Yan Sheng! It's just that in this way, when the matter is over, I'm afraid many people will think that we are too ruthless. β
"Are we to blame for this? It's because they don't trust us in the first place, so what's the problem with us doing things according to the contract? Moreover, the customers who withdrew in advance this time will be blacklisted in the future. The company's future private equity funds will no longer accept their funds. β
"Okay, Yan Sheng!"
On the first day of the report, there were indeed many small investors who invested millions to get back the principal for the sake of insurance. Although I don't know, if I don't get the principal back, how much I can get after a year. But many people feel that it is safe to be in the bag!
While the stock of KMB Company continues to rise, Yu Jiankun, who has raised a lot of funds, is also constantly increasing the price of goods. Although KMB does not allow absolute control to occur, it must acquire 49% of the insurance before it can be insured.
Other investment institutions seem to know this, so much so that they are desperately trying to attract funds, hoping to make a profit. The participation of these investment institutions has undoubtedly kept stock prices high, and many retail investors are annoyed.
"Alas, it's sold early. I knew it would rise so much, I should have kept it for a while! β
But what no one knows is that the tradable shares acquired by Qinglong Investment earlier have been sold at a high price. Even some stocks that appeared later made many investment institutions realize that something was wrong.
Because from beginning to end, Qinglong Investment has not announced how many shares of KMB they have acquired. Although there are 20% of the outstanding shares on the stock market, many companies have snapped up these shares.
So in this case, the people who are still selling stocks are still there, where are the stocks?
For a while, many people and investment institutions were speculating that KMB must have small shareholders and began to cash out at a high level. In this way, unless Yu Jiankun can acquire enough shares to form a controlling stake, it is really unknown whether he will win.
After all, Qinglong Investment doesn't seem to be bad at the moment!