We're building a super chaebol in Hong Kong

As Su Cheng's words fell, a thunderous applause erupted from the scene.

Improving service quality, providing free services to the elderly, young, and disabled, replacing buses, and a series of other policies, can be said to be absolutely great things.

This also made many people admire Su Cheng, as he was giving up his own interests!

However, what they didn't know was that things like raising wages for grassroots employees and providing free rides for the elderly, young, and disabled actually wouldn't reduce much profit at all. For China Bus, in the bus industry, it would only reduce revenue by a maximum of one to two million Hong Kong dollars a year.

Taking out one to two million Hong Kong dollars to completely change everyone's impression of China Bus was an extremely worthwhile thing to do.

What's more, although China Bus would continue to operate the bus business, its focus would shift to the real estate industry. Real estate was the most profitable industry, far stronger than the hard-earned tens of millions of Hong Kong dollars in profit from the bus business each year.

Previously, China Bus did not have these free policies, and Kowloon Motor Bus was the same.

Su Cheng's introduction of these new policies could be considered a complete change in the operating methods of the bus service industry.

If there were no accidents, after China Bus implemented the policy of free rides for the elderly, young, and resigned people, Kowloon Motor Bus would have to follow suit, otherwise, they would be complained about to the point of collapse.

China Bus's press conference was held very successfully.

After the end, Yan Chengkun did not leave immediately, but stayed to hand over work matters with Zhang Qizheng.

Seeing his reluctant appearance, Su Cheng felt a little guilty for forcibly acquiring China Bus.

However, wasn't this how the business world was? If you want to do well in the business world, you should be like this.

Therefore, Su Cheng only had such thoughts flash through his mind for a moment.

What's more, under the control of the Yan family, China Bus's reputation in Hong Kong was not good at all.

Su Cheng's acquisition of China Bus and improvement of China Bus's services was also for the people!

From this point of view, seizing the management rights of China Bus was not wrong at all. From the overall perspective, it was for the sake of Hong Kong citizens!

If your Yan family can't manage China Bus well, then you should let others manage it!

Several hundred reporters left quickly after the press conference ended. They had to rush back to write articles, striving to write some outstanding articles so that they could stand out in this news hotspot.

And the news here quickly spread to the Hong Kong Stock Exchange.

As the largest stock exchange in Hong Kong, it is very sensitive to commercial news, especially news about listed companies, which can affect the stock price of this listed company at any time.

At this time, the stock of China Bus was very lively.

When the market opened yesterday, the stock price was above forty Hong Kong dollars.

However, after the Yan family continued to sell stocks, the stock price also continued to fall.

After all, a sudden large sale would definitely have a great impact on the stock price.

Therefore, if they could sell all of them at 30 Hong Kong dollars per share, they would happily accept it. Several large consortia that intended to acquire their shares offered only twenty-odd Hong Kong dollars per share, and the highest consortium offered only 25 Hong Kong dollars. This was also the reason why the Yan family had not been able to reach an agreement with them for the time being. They hoped that their shares could be sold for more than 30 Hong Kong dollars, so that their withdrawal from China Bus could be considered a willing withdrawal.

An order of 5 million shares was very large. The total issued shares of China Bus were only 47 million shares. These 5 million shares were equivalent to more than 10% of the total shares.

Such a large order naturally directly continued to pull down the stock price of China Bus.

When the market opened, the stock price of China Bus continued to fall, from 30 Hong Kong dollars to about 28 Hong Kong dollars.

However, the Yan family's 5 million shares had only sold less than 10,000 shares. The trading was frequent, but it had little to do with the Yan family.

However, what the Yan family did not expect was that after the news of the press conference on the China Bus side spread to the Hong Kong Stock Exchange, the stock price of China Bus began to rise again.

Soon, the stock price once again rushed to 30 Hong Kong dollars per share.

As the saying goes, many people have great power. There are many stockholders in Hong Kong, even under the current general market conditions.

Therefore, those 5 million shares had already been sold directly by half when the press conference ended, and there were still stockholders constantly buying in. At this rate, the 5 million shares would definitely be sold out in the morning. This was still calculated under the most conservative circumstances. If it continued at the current rate, perhaps in another hour, the 5 million shares would be cleared out directly.

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At this time, Yan Chengkun did not know this. He was still at the headquarters of China Bus, responsibly handing over work to Zhang Qizheng.

And his son, Yan Jieqiang, rushed to the Hong Kong Stock Exchange to preside over the overall situation after the press conference ended.

Just as Yan Chengkun was handing over work with Zhang Qizheng, the office phone rang.

This phone had previously been used by Yan Chengkun. Now that the bell rang, the other party was of course looking for Yan Chengkun.

Therefore, although Yan Chengkun was no longer the chairman of the company, he habitually answered the phone.

What he didn't expect was that the person who called was his son, Yan Jieqiang.

"Dad, good news, our stock is selling like crazy. The 5 million shares we put up when the market closed yesterday have now sold more than half, and the vast majority were traded within half an hour. That is, after the news of the China Bus press conference spread here, the trading volume has been constantly rising. If this continues, our 5 million shares may be sold out in another half hour to an hour!" Yan Jieqiang excitedly reported the good news to his father.

Of course, Yan Chengkun knew about the 5 million shares, because this was what he, as the head of the Yan family, had decided.

In his opinion, after the press conference ended, everyone knew that there was no longer any competition between the Yan family and Su Cheng, and the stock price would definitely be difficult to maintain at a high price. This was also the reason why he directly put up 5 million shares. Anyway, it would be difficult to sell them, so he wouldn't do any market manipulation. He would directly smash the market and sell as much as he could.

However, what they did not expect was that Su Cheng's entry into China Bus was so popular with so many stockholders.

(End of this chapter)