Rebirth: The Era of Hong Kong Tycoon

Chapter 249 [Hong Kong Electric]

In mid-May, Lin Rongheng saw that the market value of Hongkong Electric began to rise, and had already exceeded 9 million Hong Kong dollars. He knew that the news that Evergrande Real Estate would acquire Hongkong Electric must have leaked, or someone had speculated about Lin Rongheng's intentions.

Summoning the Three Musketeers, Lin Rongheng said: "Let Huodoli be our financial company and launch an acquisition of HK Electric!"

Lin Rongheng also has a Galaxy Finance company under his umbrella, but the scale is too small to take on a big responsibility; in addition, Lin Rongheng also needs to build a good relationship with HSBC to win support.

He Rui asked: "We currently hold 22% of Hong Kong Electric. How much does the boss plan to increase? Is it a cash purchase or a share swap?"

The market value of Evergrande Real Estate is five times that of Hongkong Electric. It would be most beneficial for Evergrande Real Estate if it were to exchange shares. However, due to the impact of the stock market crash, many shareholders seemed to lack confidence in the exchange of shares, so it was still a real money.

Lin Rongheng said: "It's enough to increase the shareholding to 40%, and buy it in cash at a premium of 35%! By the way, we also need to formulate some development strategies for HK Electric. For example, after we acquire HK Electric, we will only send two directors to join HK Electric. The board of directors, and assist Hong Kong Electric to establish a real estate company to develop the land of the North Point Power Plant and inform the management and citizens of Hong Kong Electric that Evergrande Real Estate’s investment in shares is a good thing and a win-win cooperation!”

The reason why he entered the board of directors first, instead of directly taking the position of the chairman of the board of directors, is also a gentle strategy of Lin Rongheng; anyway, there is no problem with the management of HK Electric, and there is no need for him to take that position, but the premise is that his opinions must be satisfied. be recognized.

The public opinion war should be fought or must be fought!
He Rui nodded. The boss really set his sights on the piece of land on Fortress Hill in North Point. Of course, HK Electric's rich and stable net profit every year is also very worth buying.

When Evergrande Real Estate's finance company Huodoli issued an acquisition announcement, Hong Kong and Kowloon were shocked.

The Hong Kong Electric Company is not a medium-sized company like Qingzhou Yingni and China Gas, but a large listed company in Xiangjiang, which supplies all the electricity in Hong Kong Island and Ap Lei Chau, and earns a lot of net profit every year.

And Evergrande Real Estate announced that it already holds 22% of the shares of Hongkong Electric, which surprised many people. Evergrande Real Estate has become the absolute majority shareholder of Hongkong Electric. It is only 40% of the shares away from the 18% of the acquisition offer.

Everyone immediately felt that it was a certainty that Evergrande Real Estate would become the owner of HK Electric!

Of course, the happiest people are the stockholders. More recently, the price has risen sharply. Now Evergrande Real Estate has a 35% premium, which is a good profit.

Before registering for stock trading, Lin Rongheng brought He Rui to the board of directors of HK Electric.

In the conference room, two-thirds of the people were British, and everyone was looking at Lin Rongheng.

too young!

Under the age of 30, there is such an aura, which shocked everyone!

After some introductions, everyone sat at the conference table and officially held a board meeting.

The chairman of the board of directors of Hong Kong Electric is a bearded British man in his 40s, named Martin; Hong Kong Electric also has an important board seat, which is Jardine Matheson. Jian, Niu Bijian also served as the head class of Wharf Group.

Martin first said, "Mr. Lin, as a real estate company, Evergrande Real Estate invested in HK Electric for what reason?"

Lin Rongheng said with a smile: "Evergrande Real Estate is not just a real estate company, but a comprehensive group company. Being a shareholder of Hongkong Electric is very optimistic that Hongkong Electric will have a stable net profit every year. We, Evergrande Real Estate, can provide Hongkong Electric Bring new opportunities for development!"

Very confident, for Lin Rongheng who is in control of the future situation, his aura at this time seems to say, I am here to make you rich!

Niu Bijian was a bit contemptuous, showing a complicated smile, and said, "Lin Sheng, are you talking about the land of the North Point Power Plant? Our Hongkong Land Company also has rich real estate experience, enough to develop that land!"

Lin Rongheng showed doubts, and said, "What is the relationship between Hong Kong Land and Hongkong Electric? Besides, why Hong Kong Electric should share profits with other companies? Isn't this harmful to the interests of shareholders?"

Niu Bijian was taken aback, and everyone in the conference room gasped. This Chinese didn't give Jardine Matheson Taipan any face at all!

Niu Bijian said unconvinced: "Oh? Then I wonder how Mr. Lin plans to take care of the interests of HK Electric's shareholders?"

Lin Rongheng said with a smile: "In my opinion, Hong Kong Electric has stable and rich net profits every year. Why not use these funds to invest? We first want to establish a real estate company to develop the land under Hongkong Electric. In this way, Hongkong Electric can not only reap more net profits, but also gain a real estate company with rich development experience. Moreover, the current power plant of Hongkong Electric - Ap Lei Chau Power Plant is too close to the residential area. Sooner or later, this power plant will be moved to Lamma Island, which is far away from Hong Kong Island. This is my real estate development. I still have many excellent suggestions for Hong Kong Electric Company. Evergrande’s acquisition of Hong Kong Island is only from business Starting from this perspective, it will bring new development opportunities to Hong Kong Island!"

A group of shareholders chatted one after another, and it was obvious that they agreed with Lin Rongheng's words.

Upon seeing this, Martin asked, "Mr. Lin, what changes will Evergrande Real Estate make to the company's management and board of directors when it becomes the owner of HK Electric?"

This is worrying about your own future!

Of course, this is a normal behavior, Lin Rongheng doesn't care at all.

"We are not very familiar with HK Electric's own business - power generation and transmission, so we will respect the current management culture and management. We just want to bring new development opportunities for HK Electric."

In fact, these people can't stop Evergrande Real Estate from investing in Hong Kong Electric. Lin Rongheng just doesn't want chaos in Hong Kong Electric.

Jardine has not had the courage to initiate an anti-acquisition until now. Obviously their strategy is very conservative and they are worried about investing too much money in Hong Kong.

Just as Lin Rongheng expected, Evergrande Real Estate’s acquisition of Hongkong Electric also did not encounter much resistance. After paying about 2.2 million Hong Kong dollars, Evergrande Real Estate announced that it would hold 40% of Hongkong Electric’s shares.

Although it was not proposed to become the owner of HK Electric, but only sent three directors to participate in the operation of HK Electric, everyone knows that HK Electric now belongs to Evergrande Real Estate.

Evergrande Real Estate proposed in the board of directors of Hongkong Electric to establish a real estate company, Jiahong Real Estate. Evergrande Real Estate will send management to assist the establishment of Jiahong Real Estate, and start to dismantle the North Point Power Plant to build a residential, hotel and shopping center. Large housing estate.

Evergrande Real Estate's plan is naturally welcomed by all shareholders, after all, it is a very good thing.

Affected by this good news, HK Electric's market value also began to continue to rise.

(End of this chapter)