Reborn in Hong Kong as a Tycoon

Chapter 277 Entering HK Electric
The morning of November 9.

Hong Kong Electric announced that the company issued 2 million additional company shares to Mr. Lin Baicheng. The price of the privately issued stock increased by 3.7% from yesterday's closing price of 10 Hong Kong dollars, that is, the actual price of the private placement was 4.07 Hong Kong dollars per share. 8.14 million Hong Kong dollars.

The proceeds from the private placement will be used to develop the company's main business and bring more generous returns to shareholders. At the same time, because of a major accident, the company decided to temporarily suspend trading for one day.

At the same time, Lin Baicheng issued an announcement in Hutchison Whampoa.After the private placement, Lin Baicheng now holds 5.1 million shares in HK Electric, accounting for 38.93% of the total shares, becoming the largest shareholder of HK Electric and will become the owner of HK Electric.

"It's a loss, it's a loss, Lin Sheng has become the owner of Hong Kong Electric, and the stock of Hong Kong Electric will not fly tomorrow!"

"If only I had shares in HK Electric."

"Fuck the street, I actually sold HK Electric's shares two days ago!"

"It's done, I've been holding HK Electric's shares, this time I'm going to do it!"

"Those who own Hong Kong Electric's shares are sure to make a lot of money."

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In the stock exchange, stockholders discussed Lin Baicheng's entry into HK Electric.Those who sold Hong Kong Electric shares before were very regretful, those who did not have Hong Kong Electric shares regretted it, and those who held Hong Kong Electric shares were very happy.

After Lin Baicheng took over Hutchison Whampoa, the market value of Hutchison Whampoa of less than 30 billion Hong Kong dollars has become more than 200 billion Hong Kong dollars today, more than six times.Under such circumstances, stockholders are naturally full of confidence in his acquisition of Hong Kong Electric, and there is even an expectation that the market value of Hong Kong Electric may also double several times, and stock speculation is speculation, so Hong Kong Electric's stock price will skyrocket.

If Hong Kong Electric hadn't temporarily suspended trading for one day and stopped trading, the stock price of Hong Kong Electric would have skyrocketed today.

Cangjiang Industry.

"Damn it, let him get there first!"

After Li Jiacheng learned that Lin Baicheng had joined HK Electric, he was very upset.Li Jiacheng had researched Hong Kong Electric for a long time and wanted to acquire it, but he had to choose to give up because of insufficient capital all the time.Even if he got the support of HSBC later, he could not acquire Hong Kong Electric, because the market value of Hong Kong Electric is close to 50 billion Hong Kong dollars, and it is useless for him to get a loan of 10 billion Hong Kong dollars from HSBC.

If he can get a loan of 20 billion Hong Kong dollars or more, then Li Ka-shing may take over Hong Kong Electric. After all, Hong Kong Electric does not have a powerful major shareholder.However, although Shen Congee will support Li Jiacheng, this support is limited. It is almost impossible for Li Jiacheng to borrow 20 billion Hong Kong dollars without collateral, and Bao Yugang is almost the same.

The reason why Li Jiacheng wanted to acquire Hongkong Electric was because he took a fancy to the large amount of land in Hong Kong Electric's hands. At the same time, Hong Kong Electric, as a power company, is engaged in public utilities, and there is almost no possibility of losing money. The annual profit is very stable, which is worthwhile. Long-term investment.

The company's own business has a stable profit every year, which is worthy of long-term investment. The company also has a large amount of land with great potential. How can Li Jiacheng not be tempted.

Li Ka-shing originally planned to wait until next year to earn hundreds of millions of Hong Kong dollars through property investment. Coupled with the development of Cangjiang Industrial itself, he will seek support from HSBC at that time, and there may be a possibility of becoming the owner of HK Electric.But now all of this has become delusional. Lin Baicheng's shareholding in HK Electric has reached 38.93%, which is close to 40%. It is almost impossible for anyone to threaten him in terms of shareholding ratio.

"Damn it, if this goes on, his strength will only get stronger and stronger."

Li Jiacheng frowned. He found that with Lin Baicheng's current capital, he could do too much. After a few years, his strength would only become stronger and stronger, and the gap he would be opened up was likely to become wider and wider until He was powerless to resist.

If he wants to change this situation, he must either expect Lin Baicheng to fail in his investment, or he can only develop himself rapidly and increase his strength.

It is unrealistic to expect that the opponent's investment will lose a lot of strength, so what Li Jiacheng can do is to strengthen his own strength and make his capital stronger, so as to have the capital to resist.

HSBC.

"It turned out that Lin Sheng's short-term borrowing was for HK Electric!"

A few days ago, Lin Baicheng approached HSBC and borrowed 5 million Hong Kong dollars short-term from HSBC. At that time, Shen Porridge was still wondering what Lin Baicheng was doing with this kind of loan that could be repaid at any time. Now that he read the announcement, he didn’t know that it was Lin Baicheng who took over. HK Electric is temporarily short of funds.

At the same time, Shen Congee secretly guessed that Lin Baicheng should also borrow from Standard Chartered Bank. After all, the value of private placement shares is about 8 million Hong Kong dollars, and Lin Baicheng only borrowed 5 million Hong Kong dollars from HSBC. In addition, Lin Baicheng's shareholding has not yet reached 40%, so It is very likely that Lin Baicheng also borrowed 5 million Hong Kong dollars from Standard Chartered Bank.In this way, Lin Baicheng not only has the money to pay for the fixed increase shares, but also has the money to continue to increase the shares of HK Electric.

Shen Congee really guessed right. Lin Baicheng not only borrowed 5 million Hong Kong dollars from HSBC, but also borrowed 5 million Hong Kong dollars from Standard Chartered. These are short-term loans, so the annual interest is very high, but the repayment can be made at any time, and the interest is calculated by the number of days.

The 10 billion Hong Kong dollars borrowed from the bank was used by Lin Baicheng to acquire HK Electric shares.It is best to be able to persuade the management to issue private placements. If the management cannot be persuaded, then the money will be used for acquisitions from the stock market.

Fortunately, he persuaded the management of HK Electric to allow him to carry out private placement, which saved him a lot of money in becoming the owner of HK Electric.

In the afternoon, Lin Baicheng went to HK Electric and met with the management of HK Electric.

At this time, Lin Baicheng has not yet obtained the control of HK Electric. First, the private placement of HK Electric has just been approved by the Securities Regulatory Commission in the morning, and the transaction has not yet been completed; second, even if the private placement is completed, Lin Baicheng is only a major shareholder of HK Electric. That's it, he has not yet become the chairman of the board of directors of HK Electric.

However, as long as the fixed increase is completed and Lin Baicheng becomes the largest shareholder of HK Electric, it will be a matter of time before he becomes the chairman of the board of directors.

Therefore, the management of Hongkong Electric has actually admitted that Lin Baicheng is the chairman of the board of directors of Hong Kong Electric. As long as he does not do things that are angry and grievous, and does not let the management oppose him with the same hatred, he can now exercise the right of chairman of the board of directors. would object.

What Lin Baicheng promised to the management of HK Electric, he did what he said. He just sent finance to HK Electric to seize the financial power of HK Electric.In terms of management, for the time being, it will be handed over to Taipan Levi's and other managers. As long as they manage HK Electric well, Lin Baicheng will continue to maintain the stability of the entire management.

Lin Baicheng's attitude made Levi's and others secretly relieved. It seems that Lin Baicheng will keep his promise, so there is no need for them to repent. They welcome Lin Baicheng to join HK Electric and continue to work hard at the same time.

(End of this chapter)