We're building a super chaebol in Hong Kong

"Keep an eye on the stock market. If they're all sold, keep adding sell orders. Sell as many as you can at HK$30. It's better than selling them to those consortiums for just over HK$20!" Yan Chengkun said to Yan Jieqiang on the phone in front of Zhang Qizheng.

In the Yan family, Yan Chengkun's word is law. He has the power to make the final decision.

"Okay, Dad, I know what to do!" Yan Jieqiang quickly replied.

At this time, Yan Chengkun was no longer in the mood to continue the handover with Zhang Qizheng. This matter could be done at any time, but the stock involved the interests of their Yan family.

He was going to the Hong Kong Stock Exchange to preside over the overall situation!

So, after Yan Chengkun hung up the phone, he said to Zhang Qizheng, "Director Zhang, I have something urgent to deal with. As for the work that hasn't been handed over, I'll coordinate with you at another time."

"Okay, Director Yan, go ahead. I won't delay your business," Zhang Qizheng said with a smile.

He already knew about the Yan family's situation. For him, the Yan family's withdrawal from China Motor Bus was good news, so he would definitely support it.

Thus, Yan Chengkun hurriedly left China Motor Bus headquarters and headed to the Hong Kong Stock Exchange.

Zhang Qizheng didn't just sit idle either. Having just taken over the work of China Motor Bus, he still needed to have a sufficient understanding of the company. Although Zhang Qizheng was only serving as the general manager of China Motor Bus temporarily, since he was in this position, he had to do his best, not just go through the motions.

This was also one of the reasons why Su Cheng had always trusted Zhang Qizheng so much.

Moreover, in addition to Yan Chengkun and Yan Jieqiang, the father and son management duo, there were also several middle and senior-level managers in the company who were still in office. Zhang Qizheng didn't necessarily have to understand everything through the handover with Yan Chengkun. He could also learn through these middle and senior-level managers.

At the Hong Kong Stock Exchange, as well as in major securities companies throughout Hong Kong, the main character today was definitely the China Motor Bus stock.

Now, although the stock market was not as affected by the oil crisis as it was in 1973, leading to a bear market, everyone still lacked confidence in the stock market as long as the oil crisis was not over, so usually, people didn't know what stocks to buy.

Many ordinary shareholders bought stocks more for long-term investment. Short-term investment was just for speculators and didn't account for a high proportion.

Therefore, when they learned that Su Cheng had taken over China Motor Bus and that there were a large number of sell orders on the stock market, the entire Hong Kong stock market was in an uproar.

Previously, after Su Cheng took over Hong Kong Electric, many people were filled with confidence in Hong Kong Electric's stock due to the influence of Hong Kong Electric's financial statements. Therefore, many shareholders who planned to invest long-term flocked to buy Hong Kong Electric's stock.

Now, Hong Kong Electric's stock had been pushed up to nearly HK$40 per share, and the buy orders had always outnumbered the sell orders.

This was because many shareholders who bought Hong Kong Electric's stock planned to treat it as their long-term financial product, not just to buy low and sell high to earn a profit.

As soon as he entered their private room, Yan Chengkun couldn't wait to ask Yan Jieqiang, "How is the situation?"

"Dad, those five million shares were sold out a few minutes before you came in. The speed was faster than we expected. I've put up another two million shares. Do you think we should raise the price?" Yan Jieqiang asked.

"Don't raise the price. Just put it up at HK$30 per share. This price is already very satisfactory for our Yan family. After this wave, we will have nearly HK$500 million in cash. Although we have lost China Motor Bus, there are too many businesses in the business world that can be invested in. Wouldn't we be more comfortable with nearly HK$500 million? If we wanted to sell when we controlled China Motor Bus before, it would be good if the stock price could sell for HK$20 per share. Now it has exceeded our expectations. We have too many shares in our hands. If the price is raised again, what if it has the opposite effect and shareholders no longer buy? In the end, we can only sell it to those consortiums at a price of just over twenty per share. It's not worth it!" Yan Chengkun said to his son in a teaching tone.

He was indeed very satisfied with the current price of HK$30 per share. In addition, some shares were sold at more than HK$30 or HK$40 per share in the early stage, so although they lost control of China Motor Bus this time, they actually didn't suffer any losses in terms of profits.

As for retaining China Motor Bus's stock?

Yan Chengkun had thought about this matter and had also discussed it with the main members of the family.

In the end, the result of their discussion was to completely withdraw from China Motor Bus.

After all, they used to be the bosses of China Motor Bus. Now that the boss's position had been taken away, there was no need for them to stay.

Therefore, the Yan family's determination to sell China Motor Bus's stock was very firm.

"Okay, Dad, I know what to do. You just sit on the sofa and preside over the overall situation for us. I'll tell you if anything happens!" Yan Jieqiang nodded and said.

Hong Kong shareholders were even more enthusiastic than expected.

Until the temporary closure of the market at 12 noon, the Yan family had already sold nearly eight million shares of China Motor Bus today.

Crazy, the stock market is really crazy.

Su Cheng's influence was really too great.

And the total number of shares previously owned by the Yan family was only more than 15 million shares.

Yesterday, they sold more than 2.8 million shares, and this morning they sold another 8 million shares, which means that they had less than 5 million shares left.

"Judging from this, we will be able to clear all our stocks this afternoon. Even if the selling speed slows down a lot this afternoon, we will be able to clear these more than 4 million shares. Even if we don't clear them all, there won't be much left, and it won't have a big impact on the overall income of our Yan family," Yan Jieqiang said excitedly to Yan Chengkun during lunch.

"Yes, that's really good news. This way, we no longer need to negotiate with those consortiums. These consortiums are pressing the price down too outrageously. If it weren't for being forced to, I wouldn't want to talk to them at all!" Yan Chengkun also said with a smile on his face.

He hadn't been happy when he held the press conference in the morning.

But now that he saw the family's harvest was so huge, Yan Chengkun was naturally happy.

This news had also spread to the headquarters of China Motor Bus.

"Boss, what do you think of the Yan family's current situation?" Zhang Qizheng asked Su Cheng curiously.

"This is a win-win ending," Su Cheng said with a chuckle.

(End of this chapter)