We're building a super chaebol in Hong Kong
#772 - It's time to close the net
At Tianyuan Investment Company, after Zhang Qizheng collected the scattered shares on the stock market, he did not rush back to the company. Instead, he contacted Max, the Commissioner of Securities Supervision and Chairman of the Acquisition and Merger Committee of Hong Kong.
Contacting him was naturally to inform him about Tianyuan Investment Company's plan to acquire China Motor Bus.
After all, Max represents the government, and to acquire a public utility like China Motor Bus, it is best to obtain the government's consent.
Previously, when acquiring Hong Kong Electric Holdings, they had also contacted the Commissioner of Securities Supervision and the Acquisition and Merger Committee of Hong Kong.
At that time, the Commissioner of Securities Supervision and the Acquisition and Merger Committee of Hong Kong approved Tianyuan Investment Company's acquisition, and Zhang Qizheng acted accordingly.
Of course, as long as it is legal and compliant, the government has no right to prevent Tianyuan Investment Company from acquiring companies.
Max replied to Zhang Qizheng, stating that as long as China Motor Bus has 20% to 25% of its shares held by the public, there would be no problem.
Zhang Qizheng also stated that Tianyuan Investment Company's acquisition of China Motor Bus would not exceed 51%.
Thus, the acquisition received the support of the Commissioner of Securities Supervision and the Acquisition and Merger Committee of Hong Kong.
After settling this matter, Zhang Qizheng left the Hong Kong Stock Exchange.
At this time, only less than an hour had passed.
Back at the company, Zhang Qizheng immediately had people notify media outlets such as the "Oriental Daily News", "Knightly News", CTV, "Hong Kong Securities Journal", and "Hong Kong Economic Journal", telling them that a press conference would be held in one hour to announce important matters.
The notified media were not many, and they were all major media in Hong Kong.
Hong Kong is so small, this distance, not to mention an hour, half an hour is enough for these media reporters to gather together.
Tianyuan Investment Company is known to be Su Cheng's private investment company.
And news about Su Cheng is basically hot news, these media reporters will naturally not miss such a good opportunity.
Therefore, at eleven o'clock in the morning, in the lobby on the first floor of Tianyuan Building, Zhang Qizheng was already facing dozens of reporters.
Due to the urgency of time, only ten media outlets were notified, and each media outlet would send two to three people, so there were twenty to thirty reporters on the scene.
However, these ten media outlets already belong to the mainstream media in Hong Kong, and their reports are enough.
As a listed company of China Motor Bus, it is still necessary to hold a press conference to launch an acquisition of China Motor Bus.
Of course, this does not prevent Tianyuan Investment Company from secretly taking down China Motor Bus in advance.
After everyone at the scene was almost ready, Zhang Qizheng did not waste everyone's time.
"Everyone should be curious as to why we are holding this press conference today. Now I solemnly tell you that Tianyuan Investment Company will conduct an acquisition of China Motor Bus Co., Ltd. The goal of this acquisition is to control more than 50% of China Motor Bus shares, that is to say, our Tianyuan Investment Company wants to acquire China Motor Bus in a holding manner!" Zhang Qizheng directly announced the purpose of this press conference to the public.
Suddenly, the scene became lively.
Reporters began to ask questions one after another.
"Mr. Zhang, how is your acquisition progressing?"
"Mr. Zhang, why does your company have the intention to acquire China Motor Bus?"
"Mr. Zhang…"
Zhang Qizheng also did not intend to spend too much time at this press conference, and after briefly answering a few questions, he announced the end of the press conference.
With the end of the press conference, the matter announced by Tianyuan Investment Company quickly spread throughout the Hong Kong business community.
At this time, everyone realized that the person who was eyeing China Motor Bus was actually the famous Su Cheng.
The news naturally also spread to the headquarters of China Motor Bus.
"Dad, what should we do? I didn't expect that the one who is eyeing us is Tianyuan Investment Company. Behind it is Su Cheng. We're done for, we are going to lose control of China Motor Bus." Yan Jieqiang looked flustered.
"What are you panicking about? Isn't there still Mr. Huang Chiguang's support? As long as Huang Chiguang still holds the shares, we have the confidence to maintain our control. What about Tianyuan Investment Company? As long as we don't give up, they can't forcibly seize it, can they? By the way, have you contacted Mr. Huang Chiguang?" Yan Chengkun asked, trying to remain calm.
"I can't get through. I've made more than a dozen calls to Mr. Huang Chiguang in the past hour, and I don't know why no one is answering," Yan Jieqiang said, shaking his head.
"No, I have to personally go to Huang Chiguang's company, otherwise I won't be at ease. You stabilize the overall situation in the company and wait for me to come back," Yan Chengkun said decisively.
"Okay, Dad, you go ahead. I will hold the fort in the company. As long as our control has not been lost, our Yan family has the final say in China Motor Bus!"
For the Yan family, at this moment, Tianyuan Investment Company is an invader.
However, the business world is like a battlefield. Since the Yan family initially chose to list China Motor Bus, they should have anticipated this day.
Operating within the rules is legal and compliant.
Yan Chengkun walked quickly downstairs, got into his Bentley car, and asked the driver to take him to Huang Chiguang's trading company.
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The dilapidated China Motor Bus headquarters does not even have an elevator, so Yan Chengkun, who is nearly eighty years old, has to walk this dilapidated staircase.
As a partner of the Yan family, Yan Chengkun naturally knows where Huang Chiguang's company is.
"Mr. Huang, happy cooperation," Su Cheng appeared in front of Huang Chiguang and said with a smile.
"Happy cooperation, Mr. Su, please take care of me in the future," Huang Chiguang bowed slightly to Su Cheng.
Next, he will have more than 70 million Hong Kong dollars in his hands.
This is a very large sum of money. If he were to invest it, he would not necessarily be able to achieve 100% profit.
But relying on Su Cheng's coattails is different.
Any business under Su Cheng's banner, even if he throws some things to him to do, he will be able to thrive.
At this moment, Tianyuan Investment Company once again acquired 7.87% of the shares. With the shares previously obtained by Tianyuan Investment Company, Tianyuan Investment Company officially holds 50.86% of the shares of China Motor Bus.
China Motor Bus, this public utility listed company, can be closed.
With more than 50% of the shares, the Yan family has no way to turn over, even the gods can't save them.
"Next, in terms of business cooperation, Mr. Huang, if you have anything, you can call Mr. Yang Chaoye, the president of Su's Group," Su Cheng gave Yang Chaoye's phone number to Huang Chiguang.
Since he promised to support him in the trading industry, Su Cheng will naturally not go back on his word.
(End of this chapter)
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