Through the wealth life

Chapter 690 Difficult China Power Group

In the morning of the next day, Li Guangyu, Li Ka-shing and others went to the Tin Shui Wai area. The power plant of Heung Kong Electric Group officially started construction today, and all major shareholders came to attend the groundbreaking ceremony.

The estimated investment of Tianshuiwei Power Plant is 180 billion Hong Kong dollars, which is only 20 billion Hong Kong dollars less than that of CLP Power Group's Qingshan Power Plant. The start of this project marks the official northward expansion of the Hong Kong Electric Group's business.

Its construction period is divided into three phases. The first phase of the project will take three years. After completion, it will be sufficient to meet the electricity consumption of residents and businesses in Tin Shui Wai and Yuen Long areas. This is taking into account the future expansion of Tin Shui Wai area.

The Lee consortium is gradually increasing its investment in the Tin Shui Wai area. There are more and more workers and production companies here, and the electricity consumption is also very high.

A series of actions of Xiangjiang Electric Group has brought great pressure to China Power Group.The Xiangjiang market is only so big. They originally expected that Xiangjiang Electric Group would occupy the areas of Xiangjiang Island and Lamma Island, and they would occupy the area north of Kowloon, so they invested a huge sum of 200 billion Hong Kong dollars to build such a large power plant. Meet Xiangjiang's electricity demand for many years to come.

Fortunately, before the establishment of its own power plant is completed, the Xiangjiang Electric Group is ready to come to seize the market.Once the Tianshuiwei power plant is established, they will lose a large market.

The shareholders behind Xiangjiang Electric Group are too powerful, and they have a very good relationship with 80% of the real estate groups in Xiangjiang. When these groups develop real estate, they will definitely choose to connect with Xiangjiang Electric Group instead of China Power Group.

Looking at the ranking of Heung Kong Property Group, we can see that among the top ten real estate groups in Heung Kong, Heung Kong Electric Lighting Group accounts for more than half of the shareholders, especially in Tianshuiwei. The group will lose this big customer.

At present, CLP Power Group is under the dual influence of the stock market and Heung Kong Electric Group. The market value of the group in the stock market continues to decline. The current financial pressure of the Kadoorie family is also very high.

Although they transferred 40% of the shares to HSBC Standard Chartered, Jardine Matheson and Swire last year, their funds have not been sufficient in the money-hungry hole of Qingshan Power Station.

At present, 60% of his CLP Power Group shares are still mortgaged in HSBC Bank. This time the stock market value has plummeted, he has to make up the difference. Even if he and HSBC are allies, it is useless. way to help him.

When Li Guangyu and the others attended the groundbreaking ceremony, Laurence Kadoorie invited representatives of several shareholders of China Power Group to discuss the matter in the Mandarin Oriental Hotel under Jardine Matheson.

In the box, Lawrence Kadoorie said: "Everyone, the current situation is very serious for our Xiangjiang Power Group, especially this time Keswick's decision has also brought a huge blow to our group. If we don't take some actions, I'm afraid the future prospects of our China Power Group are worrying."

Henry Keswick's single action this time made some of them very unhappy, especially Lawrence Kadoorie, whose 10% shares of China Power Group were also controlled by the Jardine Group. This time, the Jardine Group relocated The place of registration, their Zhonghua Power Group, also suffered a severe setback in the stock market, which made it even more difficult for the Kadoorie family, which was already relatively tight in funds.

Henry Keswick didn't say much about Lawrence Kadoorie's complaints. The relocation of the registered place was not decided by him alone. It was a joint decision made by all shareholders of the group. As for the current losses, he has nothing to do , when he made the decision at that time, he was prepared in his heart.

Shen Bi said: "Don't bring up the question of Keswick again. Under the current situation, it is understandable for them to choose to do this, and this may not only be their own decision, London must have contributed a lot. Now we Let’s study the future development of CLP Power Group, this is what we need to discuss today.”

Shen Bi is also aware of the complexity of the Jardine Group's announcement of the relocation of the registration place this time, but this time it seems that some people's wishes cannot be fulfilled. The Li's Consortium counterattacked too quickly and too hard.

This time, the total investment made by the Li's consortium and its interest groups exceeded 300 billion Hong Kong dollars. Not to mention the relocation of the Jardine Group, even the addition of Taikoo, they can offset it.

Now the situation that China Power Group is facing is that their power plant has been built halfway. If they choose not to continue investing at this time, they will lose billions of Hong Kong dollars.

After it is completed, it is likely to face limited customer resources, so there is no need for so many engine units to operate, and it can only be used as a decoration.

Now they are in a dilemma. In the past, Heung Kong Electric Group was their ally, each occupied their own territory, and everyone developed in peace.

Now the situation has changed. After Li's consortium joined, they are obviously not satisfied with only occupying 30% of Xiangjiang's electricity market. Tianshuiwei Power Station is their first step to grab the market.

And in this regard, there is no possibility of peace talks between them and Xiangjiang Electric Group. They can't just give up the market, and Xiangjiang Electric Group can't just guard the market they currently occupy.

Now that Henry Keswick is too busy with his Jardine affairs, he doesn't have the energy to think about the China Power Group's problems. In this regard, he himself just listened quietly and didn't speak.

The former leader of the British consortium is now completely silent, and the Jardine Group may not be able to represent the Hong Kong British consortium in the future.

And Wooden Szehuaia didn't care too much about it. Now their main asset, the Swire Group, the Li's consortium occupies nearly one-third of the shares, and the Singapore consortium occupies nearly one-fifth of the shares. Can kick him out of the group.

Fortunately, now Li Guangyu doesn't seem to have the intention of killing them all. His Shi Huaiya family has firmly controlled the company, and the orders for his beverages through Hengyu Supermarket and Watsons are constantly increasing. Recently, he is planning to establish a A new beverage production company to cope with the continued increase in orders.

Wooden Shihuaiya felt that getting along with Li's consortium like this would not do any harm to their Shihuaiya family, as long as they could make money, why bother thinking about competing with the Li's consortium for the market.

As for their group's shares in China Power Group, Wooden Shihuaiya is ready to trade them out at an appropriate time, and he doesn't want the group to continue to invest in it.

Judging from the current situation, it is difficult to recover the cost of the huge investment in Qingshan Power Station in the short term, especially after the operation of Tianshuiwei Power Plant, which may lead to a sharp drop in the profitability of China Power Group. Recovery of costs may be a extravagant hope.

Looking at the reactions of these people, Lawrence Kadoorie felt very uncomfortable. How could such a cooperative alliance compete with the Lee Consortium? Everyone only cared about their own interests and did not consider their allies. It's strange to go on.

Then he talked about some of his own views. The Qingshan Power Station should continue to be built, and at the same time give more preferential treatment to customers, and catch more customers before the Tianshuiwei Power Plant is established.

After all, electricity involves wiring. As long as customers get used to their own group, they will not choose to replace it without any major benefits. After all, this aspect is still quite troublesome.

Shen Bi said: "Kadoorie, the construction can continue, it's just whether we can reduce the installation of generator sets, and buy new generator sets when there is demand in the future, so that we can also reduce some investment."

Henry Keswick and Wooden Scheer also agreed with Shen Bi's proposal. At present, the lives of their two major groups are not very easy, and they can save a little bit.

……

(End of this chapter)