Reborn in Hong Kong as a Tycoon

Chapter 275 Appointment with HK Electric Taipan
On February 1978, 9.

Today is Monday, at around [-]:[-] noon, Levi's, the head class of HK Electric, was supposed to be working in the company, but he was not in the company at this time, but was invited to meet with someone.

Don’t look at the Taipan of HK Electric is called Levi’s, but he is actually not Chinese, but British. His real name is Levi’s. Because he has worked in Xiangjiang for many years, he gave himself a Chinese name of Levi’s for convenience.

Just like Peter Wei, the vice president of Hutchison Whampoa, his real name is not this, Peter is his English name, and Wei is the surname he added to himself for the convenience of work.

There are many similar people, such as Wei Peter and Levi's who just add and modify their surnames; there are also people like Shen Porridge who directly give themselves a Chinese name, all for the convenience of work.

"Mr. Levi's, my Liao Siren is Mr. Lin's assistant, this way please."

Liao Siren waited outside, and after seeing Levi's, he took Levi's to see Lin Baicheng.

"Lin Sheng!"

A moment later, Levi saw the young man who was standing at the peak of Xiangjiang at a young age.Hutchison Whampoa, which holds half of its shares, has a total market value of more than 200 billion Hong Kong dollars. It is the listed company with the highest market value in Hong Kong. With a net worth of more than [-] billion Hong Kong dollars, it is not the peak of Hong Kong.

"Mr. Levi's, please sit down."

Lin Baicheng greeted Levi's to sit down.

"Thank you."

Levi's was also polite, and sat down opposite Lin Baicheng.

Liao Siren poured a cup of coffee for Levi's and sat down on the side.

Levi's was not going to play a guessing game, so he said directly: "Lin Sheng, you asked me out to meet today, you probably have something to say to me, and it has something to do with HK Electric, right?" He and Lin Baicheng had never dealt with each other before, There was no business relationship between the two parties, and he was the senior manager of Hong Kong Electric, so after thinking about it for a while, he knew that Lin Baicheng's appointment with him was related to Hong Kong Electric.

"Since Mr. Levi's speaks quickly, then I will speak directly."

Since Levi's is so direct, Lin Baicheng didn't make riddles, and said directly: "I asked Mr. Levi's out today because I wanted to discuss something with Mr. Levi. But before discussing this matter, I have to tell Mr. Levi that I have He bought about 3 million shares of HK Electric, which is equivalent to 22.9% of HK Electric’s shares.”

"Now, I am already the largest shareholder of HK Electric."

Hong Kong Electric Group is one of the two major power suppliers in Hong Kong, and the other is CLP Power. However, CLP cannot compare with Hong Kong Electric in terms of scale. You must know that Hong Kong Electric is one of the top ten listed companies in Hong Kong.

In addition, Hongkong Electric, like HSBC, is one of the few companies without family control. It has a large number of shareholders and very few shares. There are no major shareholders with large holdings, so the board of directors is controlled by the management.As long as the management does not cause serious losses in the company's management, the annual shareholders' meeting will not remove the directors of the management, and the management has always controlled the board of directors.

"What? Lin Sheng, you have acquired so many shares of HK Electric?!"

Levi's couldn't help being surprised when he heard the words. Although he had already guessed that Lin Baicheng's meeting with him should be about the acquisition of HK Electric, he did not expect that Lin Baicheng had acquired so many shares and directly became the largest shareholder of HK Electric.

Although nearly 23% of the shares do not allow Lin Baicheng to become the absolute controlling shareholder of Hongkong Electric, but the difference is not too much. It is entirely possible for Lin Baicheng to become the absolute controlling shareholder of the company.And if this happened, the management would have no room to bargain with Lin Baicheng, and Lin Baicheng would do whatever he said.

"Lin Sheng, you should have started buying Hong Kong Electric shares very early, right? The stock price trend of Hong Kong Electric has been very stable recently, and there is no sign of buying in large quantities, so it is impossible for Lin Sheng to acquire so many shares recently."

After a short meeting, Levi's calmed down, guessing that Lin Baicheng should have been eyeing HK Electric a long time ago, so he was able to acquire so many shares when the stock price trend was stable.

"That's right. In May, I asked people to start buying shares in HK Electric."

Lin Baicheng nodded and admitted that it took almost four months to acquire nearly 23% of the shares. The amount acquired every day was not large, so the stock price was not driven up, and the intention to acquire was not discovered.

"really!"

Levi shook his head with a wry smile, and then said, "Lin Sheng, you asked me out today because you want to gain control of Hong Kong Electric?"

"Not bad!"

Lin Baicheng did not hide it: "I will continue to increase my shareholding in HK Electric until I hold at least 40% of the shares."

Levi's knew that Lin Baicheng was capable of doing this with his financial resources, so he had no choice but to say: "Lin Sheng, HK Electric has been operating independently for these years, managed by our management team, and the company's profits are also growing every year. Shareholders bring high returns. Lin Sheng is optimistic about HK Electric, it is HK Electric’s honor, but if Lin Sheng personally participates in the operation of HK Electric, he may not be able to do better than us.”

In the past, the management of Hong Kong Electric has always been in charge of their management, but if Hong Kong Electric has an extra major shareholder with a large number of shares, it means that they have an extra manager on top of their management. If possible, everyone wants to make decisions for themselves, not Follow orders.

Lin Baicheng knew what Levi's was worried about, so he said with a smile: "Mr. Levi's, if you pay attention to the management of Hutchison Whampoa, you should be able to find that the management of Hutchison Whampoa has not changed much. I am only concerned about the management of Hutchison Whampoa. As long as the management does not violate my plan or make major mistakes, I will not intervene indiscriminately.”

"It seems so."

Levi's thought about it after hearing the words, and found that the management of Hutchison Whampoa had not changed much, which showed that at least Lin Baicheng was not a person who would mess around and would not reject the original management team.

Liao Siren said aloud at this time: "Mr. Levi's, Mr. Lin already holds nearly 23% of Hong Kong Electric's shares. If the increase in holdings is less than 20%, basically no one will be able to hold more shares than Mr. Lin. Therefore, if there is no accident, Mr. Lin will definitely get the control of HK Electric."

"It's just that we also know that it will take some time for Lin Sheng to control the board of directors and then the management when the board of directors opposes it. However, if this is the case, Mr. Lin will definitely not be happy with Mr. Levi's and you former management. It will be reused again, I believe you, Mr. Levi, can understand this."

Of course, Levi’s understands this truth. If their management firmly opposes Lin Baicheng becoming the controller of Hong Kong Electric, then after Lin Baicheng takes control, their management will definitely not have good fruit, and they will be kicked out of Hong Kong Electric immediately.

(End of this chapter)