We're building a super chaebol in Hong Kong

Water can carry a boat, but it can also capsize it.

If we compare China Motor Bus to a boat, then the passengers are the river beneath it. This river can allow the boat to pass smoothly, but it can also capsize it!

“Kowloon Motor Bus's turnover is higher than ours, but that's only because there are more ordinary people in Kowloon than on Hong Kong Island. Besides, Kowloon Motor Bus's boss, Lei Juekun, doesn't just operate in the bus business. In addition to buses, they are involved in many other businesses, so a higher turnover is normal. But Mr. Su should also know that the future of Hong Kong is uncertain, and with the Hong Kong subway about to open, the bus business will definitely be affected.

I don't want to replace too many new buses, but choose to continue using old buses that are about to be淘汰, just for the future of the company, and I don't want the company to lose so much. Once the future situation changes, China Motor Bus can advance or retreat. How can you outsiders understand my good intentions? China Motor Bus was founded by me. This is my life's work, and my feelings for it are beyond your imagination!” Yan Chengkun continued.

Su Cheng knew that Yan Chengkun was saying such great things only because he was afraid that the family's interests would be damaged, so he didn't plan to say too much to Yan Chengkun on this matter.

“I don't agree with Mr. Yan's management philosophy. In any case, everything has changed now. The control of China Motor Bus is now in the hands of Tianyuan Investment Company, isn't it?” Su Cheng stopped talking nonsense with him.

“Yes, we have indeed lost control of China Motor Bus now. This is a problem I never thought about. I thought that even after I died, China Motor Bus would still be controlled by our Yan family. But I didn't expect that while I am still healthy, our Yan family would lose control of China Motor Bus. Fate is really messing with us! Then I wonder what Mr. Su plans to do with China Motor Bus in the future? Even if I lose control of China Motor Bus, I am still the second largest shareholder, and I have the right to know!”

Hearing Su Cheng's words, Yan Chengkun also knew that he had to face the facts. Complaining would not help. This was not a game, but a fiercely competitive business world. Therefore, he changed his previous attitude and asked seriously!

After all, he had been in the business world for decades, and he knew many things himself.

“Since Kowloon Motor Bus knows how to use the company to operate other industries, why can't China Motor Bus do the same? China Motor Bus has many plots of land in the Chai Wan bus depot, the North Point main depot, the North Point Seven Sisters Road depot, the China Motor Bus headquarters on King's Road in North Point, and the Wong Chuk Hang Road depot in Wong Chuk Hang. These plots of land are not small, and as far as I know, the actual utilization rate of these parking lots is less than 50%. It can be said that these plots of land have been wasted.

Why don't we make use of the vacant land in the parking lots and develop them in the direction of real estate, building commercial buildings, hotels, etc.? The land belongs to China Motor Bus, and the development costs can be controlled very low. As long as we develop it smoothly, we can rent out the commercial buildings and collect rent every month. Then the profit margin will be much larger than leaving it deserted here. I have to thank Mr. Yan for buying these lands in the past, which gave me ideas for China Motor Bus. I really don't think much of the capital in the bus business.” Su Cheng didn't hide anything and said with a smile.

China Motor Bus purchased most of its land in North Point and Chai Wan because North Point and Chai Wan were suburbs in the past, and the land prices were low, making them good places for bus parking lots.

Even Hong Kong Electric, used to build power plants in North Point because North Point was a suburb at that time.

But now, whether it is North Point, Chai Wan, or even Wong Chuk Hang and other places, they have gradually developed due to Hong Kong's shortage of land and large population.

Especially North Point, which is now extremely prosperous.

Hong Kong Electric's North Point power plant has long ceased operations.

After being acquired by Su Cheng, Hong Kong Electric has already begun to develop the original power plant site in North Point.

And China Motor Bus owns no less land in North Point than Hong Kong Electric.

The main depot in North Point, the Seven Sisters Road depot in North Point, the old China Motor Bus building on King's Road in North Point, etc.

These places are too suitable for building commercial buildings.

Moreover, according to Su Cheng's concept, after the buildings are built, he has no intention of selling them at all, but uses them for rent collection.

After all, it is only the late 1970s, and the housing prices are still too low compared to the next two or three decades. He has no intention of selling them. Otherwise, Su Cheng would not have deliberately kept buying properties and set up Tianqi Property Company.

As for developing residential communities? Su Cheng doesn't have this idea. Let Hutchison Whampoa Properties and Su's Real Estate Company do these things. They do theirs, and Su Cheng doesn't intend to interfere too much.

Yan Chengkun smiled bitterly, never expecting that these plots of land would cause him to lose control of China Motor Bus.

And the bus business that he was so proud of is now completely看不上.

“Mr. Su, aren't you worried about the future situation in Hong Kong? No one knows what the future of Hong Kong will be like. This is why I have always been afraid to invest too much in other businesses. Once I invest, I am most afraid that everything will be in vain after a few years. We should focus on developing the bus business. The real estate industry requires too much capital investment. Although there is no need to invest in land, the investment in construction is not small. I don't know how long it will take to recover the costs by relying on rent collection. Moreover, China Motor Bus has no experience in real estate development.”

Yan Chengkun knew that he had lost control of China Motor Bus, so he wanted to persuade Su Cheng. With negotiations imminent, Yan Chengkun was really afraid of what might happen in the future.

The latest novels are first published on Liǔ 9 Shū Bā!

However, how could Su Cheng listen to his persuasion.

“Mr. Yan, I am not afraid to tell you that I am full of confidence in the future of Hong Kong. This is why I acquired China Motor Bus. As the second largest shareholder, Mr. Yan can object, but he cannot change anything. If Mr. Yan is not satisfied with my management philosophy, I suggest that Mr. Yan take advantage of the current high stock prices and sell as much as possible, so that Mr. Yan can also make a lot of money. I will give Mr. Yan one day.

The day after tomorrow, I will hold a press conference at China Motor Bus to announce that I have control of China Motor Bus. Once the news is announced, everyone will know that our Tianyuan Investment Company and your Yan family can no longer fight each other, and the stock price will definitely fall. I will give you one day, and I will be considered benevolent. This is my respect as a junior to Mr. Yan, your senior. Consider carefully whether to sell the shares!” Su Cheng said very directly. (End of this chapter)