Reborn in Hong Kong as a Tycoon

Chapter 278 The Purpose of Acquiring HK Electric

After a small meeting with the management of Hong Kong Electric, Lin Baicheng went to his office with Levi's, the chief executive of Hong Kong Electric.

Lin Baicheng asked Levi's about Hong Kong Electric's affairs, but because of time constraints, he just had a general understanding first.

Lin Baicheng is more concerned about two things. One is that just this month, the Hong Kong government approved Hongkong Electric to build a power plant on Lamma Island that is larger than the Ap Lei Chau Power Plant. This power plant is located on Lamma Island. Pineapple Mouth covers an area of ​​50 hectares. The management of HK Electric originally decided to undertake the construction and development in three phases.

But now it’s different. Hongkong Electric obtained more than 8 million Hong Kong dollars in cash from Lin Baicheng’s fixed increase in shares. This money can be used for the construction of a new power plant. It doesn’t have to be divided into three phases for so long, it can be divided into two phases. .The reason why it is divided into two phases is because the first phase will purchase four 250 MW coal-fired generating sets and two 350 MW coal-fired generating sets. Power consumption is used.

There was no need to build the entire Lamma Island power plant at the beginning. After all, it would be a waste if too many generator sets were bought but the electricity generated was not sold.It will not be too late to build the second phase when the power generation of the first phase is almost unable to meet the electricity consumption.

Another thing is that Hongkong Electric and Wheelock reached a cooperation last year to jointly develop the first phase of Fortress Garden in North Point. Now the development has been completed and the property is being sold. The second phase of development will be carried out soon. This is It was already decided when we cooperated last year.

The land in North Point belongs to Hong Kong Electric, but Hong Kong Electric is a power company and has no experience in real estate development, so it chose to cooperate with Wheelock.

After hearing this, Lin Baicheng said aloud: "Since the land in North Point has already cooperated with Wheelock, as long as Wheelock does not repent, we will continue to cooperate with Wheelock. However, the company will no longer cooperate with other companies in the development of land in the future." , but to cooperate with Hutchison Whampoa.”

"I made a note, Mr. Lin."

Levi's name for Lin Baicheng has changed a long time ago, and he responded, "However, Mr. Lin, the conditions for cooperation with Hutchison Whampoa must not be too strict."

"Talk about this among yourself. I only have half of the shares in Hutchison Whampoa, not much more than HK Electric. So even if Hutchison Whampoa takes advantage, I won't get much benefit. Therefore, I will only promote the two companies. Cooperate, jointly develop and make money together, you can discuss the specific details of the cooperation yourself. As long as you remember that cooperation is the premise, both parties should not ask for excessive conditions. I have also told Wei Li about this."

Lin Baicheng's shareholding ratio in Hutchison Whampoa and HK Electric is not too different, so he will not favor either side, as long as HK Electric's land is developed together with Hutchison Whampoa, it will benefit both companies and let him Just make more money.

"What Mr. Lin said is that I will communicate with Mr. Wei Li in terms of cooperation."

Levi's immediately said that as long as the cooperation with Hutchison Whampoa does not harm the interests of HK Electric, then there is no problem at all.

Lin Baicheng asked aloud: "Levi's, apart from part of the funds for the private equity increase, which is used to build power plants, do you have any plans for the remaining funds?"

"The wires in some areas of the company are old. We plan to use a sum of money to replace the old wires with new ones. This will not only solve the safety problems caused by the old wires, but also give the company a reasonable reason to increase electricity costs. This increases the company's profits."

Levi's expressed the initial thoughts of the management.

"If you think it's okay to raise the electricity bill, then I have no objection. However, I only have one request, that is, not to raise the electricity bill this year. After all, I raised the electricity bill just after purchasing HK Electric. It's not good for my reputation."

Although HK Electric's business is public utilities, Lin Baicheng doesn't mind HK Electric's increase in electricity costs. After all, HK Electric is a listed company and wants to make money.However, he can't let Hong Kong Electric immediately increase the electricity fee after he buys it, so that Hong Kong people will only think that he asked for it, so he won't be sprayed to death by Hong Kong people.

Levi's nodded when he heard the words: "It will also take time to replace the wires, and there is no problem in raising the electricity bill next year."

Lin Baicheng said: "Since Hong Kong Electric is an electric power company, it should focus on this area. If there is idle funds, we can develop more land with Hutchison Whampoa. I am optimistic about the future development of Hong Kong's real estate industry."

"Ok."

Levi's responded. When Lin Baicheng said that he was interested in the land owned by Hong Kong Electric when he met him last time, he knew that his boss was optimistic about the Hong Kong real estate industry, and that the land would be used for various real estate development.

HK Electric's main business is power generation, and it also does some land development, so that's fine.

Lin Baicheng's acquisition of HK Electric is not only related to the land held by HK Electric, but also has something to do with HK Electric's electric power business.With HK Electric in hand, Lin Baicheng doesn't have to worry about the power outage of the factory under his name. In addition, after the real estate development of Hutchison Whampoa is completed, the electricity can be connected immediately, so that the real estate will not become a "ghost house".

Holding the power company in hand can also be used to attack opponents.Taking Cangjiang Industrial as an example, Lin Baicheng will not let Hongkong Electric not supply power to the properties of Cangjiang Industrial that have been developed by Cangjiang Industrial, but he can let the employees of Hongkong Electric go there later to delay the power-on time.

Of course, Cangjiang Industry can also go to CLP Power, but this company is much smaller than Hongkong Electric. It would be a waste of time for Cangjiang Industry to find CLP Power, but it can also achieve its goal.

However, this kind of public means related to people's livelihood should not be used too much, and it should not cause adverse effects, otherwise HK Electric will be the unlucky one, and we must grasp the scale of it.

In addition to power companies, water and transportation are also related to real estate sales. Lin Baicheng also has related goals, and he will also acquire related companies.

Lin Baicheng and Levi's didn't talk for too long. Later, Levi's and other management took Lin Baicheng for a walk around the company, letting Lin Baicheng get acquainted with the company a little bit, and let the employees get to know Lin Baicheng, the future big boss.

The addition of a major shareholder boss to the company has no impact on the employees. As long as the salary is not cut, then in their view, everything is easy to talk about.

However, the employees were somewhat curious about Lin Baicheng, a young and newly promoted Xiangjiang tycoon.It's a pity that there are many people who can see Lin Baicheng, but there are not many people who can talk to Lin Baicheng. Only when Lin Baicheng asks something out of curiosity, can the low-level employees talk to Lin Baicheng.

After visiting HK Electric, Lin Baicheng didn't leave HK Electric until almost five o'clock.

(End of this chapter)