We're building a super chaebol in Hong Kong

"Yes, after all, the Yan family has controlled China Motor Bus for more than forty years. Their understanding of China Motor Bus is much deeper than ours. There must be a reason for their approach. However, I've also calculated that if it's just the operating cost, it'll only be more than five million Hong Kong dollars a year. For you, boss, it's really nothing, just like doing a good deed," Zhang Qizheng said with a laugh.

More than five million Hong Kong dollars is really nothing to Su Cheng.

However, for the Yan family, it is already a considerable sum of money.

Although the Yan family is a family with hundreds of millions of assets and can be regarded as a second-tier top wealthy family in Hong Kong, the cash flow they usually control is actually not much.

For example, this time, if they hadn't sold all the shares of China Motor Bus, they would not have nearly 500 million Hong Kong dollars in cash flow at all.

As for the dividends they previously obtained from China Motor Bus, they have basically been invested in other places.

The Yan family is, after all, a large family, and they cannot invest all their assets in China Motor Bus.

In addition to controlling China Motor Bus, a listed company, they have also invested in many industries in various parts of Hong Kong, such as real estate, retail, etc., but China Motor Bus is their main business.

"Well, this money cannot be saved. We should spend what we need to spend. We must do a good job in service. When the bus business is done well, in the eyes of the public, this brand will be a guarantee, allowing them to have enough trust in the China Motor Bus brand. At that time, our China Motor Bus will be able to do well in real estate and even other industries," Su Cheng said with a smile.

"I think so too. By the way, boss, what was the result of your trip to Singapore for Mr. Myers?" Zhang Qizheng changed the subject and asked.

"Very successful. Mr. Myers has been persuaded by me. He has already applied to the board of directors of Haw Par Corporation for resignation. In about two weeks, he will end his work at Haw Par Corporation and can come directly from Singapore to Hong Kong to replace you in China Motor Bus. If you have time, you can contact him to discuss the handover. You can also send him some information about China Motor Bus to let him understand the situation here in advance and familiarize himself with the business of China Motor Bus as soon as possible," Su Cheng replied.

"Congratulations, boss, you have gained another great general. Even in Hong Kong, I have occasionally heard of Mr. Myers' talent. With you bringing him over, the future of China Motor Bus is stable!" Zhang Qizheng said with a smile.

"I hope so. I had a long chat with him in the past, and he is indeed a talent. That's why I tried my best to persuade him in the shortest possible time, because Mr. Li Ka-shing is also poaching him. If we were late, we would have no chance. Now things are finally going relatively smoothly," Su Cheng said with a smile.

So many buses that are nearing the end of their service life, China Motor Bus has never replaced them before, and they continue to use them if they can be repaired. No wonder the public's experience is so poor.

"Yes, China Motor Bus's largest bus purchase channels in the past were Leyland Atlantean buses and Daimler Fleetline buses. In addition, they also cooperated with some other bus brands, but they didn't buy much, mainly Daimler Fleetline double-decker buses. Many streets in Hong Kong are relatively narrow, so double-decker buses are very suitable, which can save space and add a beautiful business card to the city. The government has always strongly supported the use of double-decker buses by the two major bus companies in Hong Kong.

In addition, besides the reason of reducing costs, Yan Chengkun didn't update and upgrade the buses much. After I took over China Motor Bus, I also learned that there is actually a very important reason. The UK fully implemented a one-person controlled bus model from the late 1960s, which led bus manufacturers to abandon the production line of front-engine buses and instead fully develop rear-engine buses suitable for one-person control.

Faced with the pressure of population growth and the opening of the海底隧道, China Motor Bus successively purchased as many as 336 rear-engine buses a few years ago, hoping to reduce operating costs. However, the Daimler Fleetline buses experienced acclimatization after being used in Hong Kong for a period of time.

Under long-term overloading, the chassis subframe and drive shaft often broke down; the bus's engine and small water tank were placed at the rear of the vehicle, which made the passenger compartment quieter, but under Hong Kong's subtropical climate, the engine cooling effect was very poor; moreover, the Daimler Fleetline buses also lacked the ability to drive on slopes. In Hong Kong's environment with many mountains and little flat land, the Daimler Fleetline buses were obviously inadequate.

Especially since the 1970s, the government has been fully developing new towns and developing the eastern and southern districts of Hong Kong Island. In those years, many of the routes between the urban area and these newly developed areas needed to climb mountains and cross ridges. Therefore, China Motor Bus and Kowloon Motor Bus believed that front-engine buses were still a more reliable choice at present, but now the market mainly produces rear-engine buses, and it is difficult for them to purchase front-engine buses. If they want to purchase them, they can only purchase those second-hand front-engine buses, and the years are already not short.

Therefore, when I was sorting out the information of China Motor Bus, I also encountered difficulties. If we want to replace all these more than 180 buses, should we buy rear-engine buses? If we buy these rear-engine buses, then it will definitely be the same as before, and they will still be acclimatized. Not to mention anything else, just the repair costs will be very high and very uneconomical.

If we want to buy front-engine buses, it is difficult to buy them. With our order of more than 180 buses, although it is a large order for bus companies, China Motor Bus and Kowloon Motor Bus have previously jointly requested them to purchase front-engine buses, but they are unwilling. Therefore, the purchase of buses may be delayed. After Mr. Myers takes office, you can decide how to handle it."

Zhang Qizheng quickly raised a major problem that China Motor Bus is currently facing.

Not knowing how to buy new cars is indeed a major problem.

The newest and fastest novels are all on 69书吧!

If what he said about rear-engine buses not being suitable for Hong Kong is true, Su Cheng will definitely not buy them. Why buy cars that are easy to break!

(End of this chapter)