Reborn in Hong Kong as a Tycoon

Chapter 583 Battle for HK Electric ([-])
Vote on the proposal of 'building a power plant in Shekou, Mainland China' proposed by Lin Baicheng.

After Lin Baicheng made his statement, Sun Kai, the financial manager, Zhao Feifei, the personnel manager, and Que Gui, the production manager, immediately expressed their opinions and agreed to pass the motion.

Everyone was not surprised by the votes of the three, after all, they were appointed by Lin Baicheng himself.

"I also agree with the passage of the motion."

Levi's raised his hand and looked at Grant, the manager of the marketing department, and Fred, the chief engineer of the technical department, who hadn't made a statement yet.

Lin Baicheng also looked at the two of them. He didn't say anything to play the emotional card or Xu Li. If the two were really attracted by Yingzi, then it would be useless for him to say anything now.

Grant said in a deep voice, "I agree to the passage of the motion."

"Me too."

Fred followed suit.

"Seven directors voted for it, and four directors voted against it. If the number of votes in favor exceeds the number of votes against, the motion will be passed."

Lin Baicheng heaved a sigh of relief in his heart, looked at the four British investors, and said to them: "Four directors, if you have nothing else to say, then the proposal of the company to invest in the mainland has been officially passed by the board of directors. "He just said this casually. Most of the directors passed the motion, and the chairman is still himself. Even if the four British investors objected, it would be useless.

"We still insist on not investing in the mainland, but since more directors are in favor of investing in the mainland, we will respect the decision of the board of directors if this motion is passed."

Shiyadi Shihuaiya can only speak beautiful words. At this point, there is really no way, unless they get control of the board of directors, and then hold a meeting of the board of directors to veto today's proposal.

"Since several of you respect the decision of the board of directors, I declare that the proposal is passed and will be implemented by the company's management at another day."

Lin Baicheng made a decision immediately, and then pursued the victory: "Next, I have another proposal to be voted on by the board of directors. The company has invested a lot of money in real estate development, line replacement, and new factory construction, so there is no money in the account. , and now the company is going to invest in the mainland, and I have a bigger development plan for the company, so I think it is necessary to increase the company's capital and share to provide a sum of money for the company."

Capital increase and share expansion, this is Lin Baicheng's killer move.Once the Hong Kong Electric Group wants to increase capital and share, the British capital can only choose to follow up and buy the corresponding shares with the funds, otherwise they can only watch their shareholding ratio be diluted.

And once the British capital's choice of shares is diluted, they will not want to compete with Lin Baicheng for the control of Hong Kong Electric Group. It is tantamount to admitting defeat, so the British capital can only choose to follow up.

If the British capital chooses to follow up, they will have to pay a sum of money. In addition to the money spent on buying shares before, their investment in HK Electric Group will only increase.

Lin Baicheng is confident that his shareholding ratio in Hong Kong Electric Group will definitely be higher than that of British capital, so the more British capital invests in Hong Kong Electric Group, then Lin Baicheng will have a way to make British capital lose more at that time.

After the fight for the control of Hong Kong Electric Group is over, the share price of Hong Kong Electric Group will inevitably usher in a wave of decline, and even fall below the price of 5 Hong Kong dollars due to bad news, but Lin Baicheng will not fall in the share price of Hong Kong Electric Group Instead, he will try his best to announce bad news to the outside world, causing the share price of HK Electric Group to continue to fall.

As long as the stock price of Hong Kong Electric Group keeps falling, the shares held by British capital will continue to depreciate. They can't escape if they want to, but they can only be trapped. A large amount of funds are locked in Hong Kong Electric Group and cannot be used.

Lin Baicheng didn't know that the money from the British capital was provided by HSBC, and interest had to be paid.Even if the money is owned by several British-owned families, the money is locked up in Hong Kong Electric Group and cannot be used. As time goes by, the depreciation of the currency will be a big loss, not to mention that the money will definitely be profitable if it is used to invest in other industries. If this part of the money is not earned, it is another loss.

"Increasing capital and expanding shares? This is absolutely impossible!"

Shiyadi Shihuaiya, Henry Cassack, Michael Kadoorie and John Margaret are not stupid. They guessed more than half of Lin Baicheng's purpose as soon as they heard it, so they immediately objected.

British investors do not want to invest a large amount of money because of the shares in their hands. There are other reasons.Once the capital increase and share expansion, even if Lin Baicheng and they have subscribed for the corresponding shares, most of the shares in the hands of retail investors must have not subscribed. In this way, Lin Baicheng can more easily acquire enough shares for absolute control.

Another point is that capital increase and share expansion can easily lead to a decline in the company's stock price, especially when the company does not seem to be in a good situation. They don't want HK Electric Group's stock price to remain in a downturn for a long time.

Unlike Hutchison Whampoa, the reason why Hutchison Whampoa’s capital increase and share expansion did not cause the stock price to fall is because Hutchison Whampoa made a lot of money. The market still has greater expectations for Hutchison Whampoa’s future, so the capital increase and share expansion will only Allow more shareholders to subscribe for shares.

It seems that Hong Kong Electric Group's stock price has risen sharply because of Lin Baicheng and the British capital's competition for control right now. Development is hard to be confident about.

Unless the control of Hong Kong Electric Group comes to an end, the losing party withdraws from the company completely, and the company is under the sole control of one party, that's about the same.

Shiyadi Shihuaiya said in a deep voice: "If the company lacks funds for its development, it can seek a bank loan. With the company's current scale and good debt status, it is absolutely no problem to borrow a sum of money from the bank for development. "

"Mr. Lin, if you are worried that the company will not be able to get enough funds from the loan, please leave this matter to us. We will definitely not let the company suffer."

Henry Caesark followed up with an addition to prevent Lin Baicheng from refusing to use the bank's non-grant loan as an excuse.

After hearing what the two said, Lin Baicheng said: "But bank loans require interest, and the interest is not cheap. As the major shareholders of the company, we should each contribute some money for the development of the company."

John Ma Bin voiced his objection: "Increasing capital and expanding shares will only harm the interests of minority shareholders, we can't do that."

Lin Baicheng immediately gave an answer: "As long as the subscription price of our additional issuance is within the acceptance range of shareholders, it will have no impact. Hutchison Whampoa is the best example."

"Mr. Lin, how many additional shares are you going to issue?"

Shiyadi Shi Huaiya asked, he wanted to know the scale of Lin Baicheng's additional issuance.

"The company's current total share capital is 13.1 billion shares, so let's issue 1.9 million additional shares to make up 15 billion shares."

Lin Baicheng said the plan in his mind. This ratio is not low, but it will not be too much. Even if the British capital does not cooperate, it will not lead to the failure of the stock issuance.

Shiyadi Shihuaiya listened and said: "If there are 1.9 million shares, even if the additional issue price is only 5 Hong Kong dollars per share, it will be nearly 10 billion Hong Kong dollars, and the company will not need so much money at all."

Lin Baicheng said: "The company also needs to grow and grow. Since it has decided to increase capital and share, it can simply raise more money. In addition to building factories in the mainland, the company can also operate other businesses and open up new profit channels."

"I still think that there is no need for HK Electric Group to increase capital and share. Even if it wants to increase capital and expand shares, it is enough to raise two to three hundred million Hong Kong dollars." This time it was Henry Kesak who spoke.

"Since everyone has different opinions, let's vote."

Lin Baicheng was not going to explain any further, anyway, he would definitely not be able to convince the four British investors, so there was no need to waste time.

"Okay, let's vote."

When Shiyadi Shihuaiya said this, she suddenly opened her right hand and shook it.

"What does it mean?"

Seeing this, Lin Baicheng couldn't help frowning slightly. He didn't think that Shi Yadi Shi Huaiya would do that for no reason. Maybe he was hinting at someone.And that person, no accident, was the director who was originally on his side.

However, Lin Baicheng still asked the directors to vote.

Lin Baicheng himself naturally agreed with the proposal of capital increase and share expansion, followed by Sun Kai, Zhao Feifei and Que Gui, so there were four votes.

Levi's followed suit and voted for Lin Baicheng.

When Lin Baicheng and others looked at Grant and Fred, the two of them did not express their opinions for a long time, and did not raise their hands to agree with Lin Baicheng's motion.

"damn it!"

Seeing this, Lin Baicheng didn't know that there was a problem with the two of them, and it was probably related to Shi Yadi Shi Huaiya's previous actions.Either it was a secret signal agreed upon by the two parties in advance, or Shiyadi Shihuaiya temporarily increased the price, so the two of them were moved.

Upon seeing this, Levi said: "Grant, Fred, Mr. Lin holds the most shares in the company, and he is the boss of the company."

Grant and Fred couldn't help but hesitate when they heard the words.

"The benefit of getting it is the most important thing, and we have more people, Mr. Lin can no longer control the board of directors."

Shiyadi Shihuaiya hurriedly spoke out to prevent Grant and Fred from going back on their word.

"Let's vote!"

Lin Baicheng's face was a bit ugly, but fortunately, he calmed down and did not question Grant and Fred why they betrayed him, because these are meaningless now.

"We do not agree to capital increase and share expansion."

The four British-funded people expressed their views one after another.

"I don't agree either." "Me too."

Grant and Fred didn't think about it any more. Now that they had made a decision, they had to go to the end.

After the two expressed their views, Shiyadi Shi Huaiya said to Lin Baicheng: "Mr. Lin, you have also seen that more directors do not approve of the company's capital increase and share expansion, so this proposal will not be passed."

"I know."

Lin Baicheng didn't lose his composure, he said: "If that's the case, let's come here first for today's board meeting."

"and many more!"

Shiyadi Shihuaiya spoke up immediately, and he said: "Mr. Lin, we are not very satisfied with the management ability of the company. I think the management of the company is a bit ineffective, especially Reeves, so I propose to remove Reeves. Choose someone else to fill the senior class position." Since Reeves is not on their side, he is the enemy, and naturally he must find a way to get rid of them.

Levi's face was a bit ugly, but he didn't defend himself.

"The Hong Kong Electric Group has developed quite well under the management of the company's management over the years, far surpassing CLP Power. Therefore, the director of Swire's doubts have no basis in fact. We cannot neglect the talents who have made important contributions to the company's development. Therefore, as the chairman of the company, I dismiss the proposal of the directors of Swire."

Of course Lin Baicheng wanted to protect Levi's, after all Levi's was on his side.

"Since Mr. Lin insists, let's give Levi's big class some more time, and hope he can make achievements."

Shiyadi Shihuaiya did not insist on kicking Levi's away, and changed the subject after speaking: "As the major shareholders and directors of the company, we have the right to arrange people to work in the company to protect our interests, so I would like to recommend a few people here. .”

Lin Baicheng said: "Four, you are not the directors of the company yet. I think if you have any proposals, you can wait until after the shareholders' meeting, and after you officially become the directors of the company, you can propose it later."

Henry Kessack asked aloud: "So, Mr. Lin, when will you hold the shareholders' meeting?"

"Next week at the latest, I will hold a shareholder meeting."

Although next Monday is the last day of this year, Lin Baicheng will definitely not delay until then.

"Well, we look forward to the holding of the company's shareholders' meeting."

British capital does not require Lin Baicheng to hold a shareholder meeting immediately, and they can have more room for operation after a long time, such as continuing to poach someone from the management directors to their side.

Even if there is no board of directors standing on their side, HK Electric Group has other managements, and attracting other managements will also help them control HK Electric Group.

When the board meeting was over, the four members of the British capital got up and left. Grant and Fred got up and left immediately. They were ashamed and did not dare to stay to face Lin Baicheng.

Lin Baicheng and others did not leave the meeting room immediately.

Levi asked aloud: "Boss Lin, what shall we do next?"

"Temporarily keep an eye on some companies, and I will arrange the specifics."

Lin Baicheng has already made plans. Since Grant and Fred dare to approach the British capital, don't blame him for being rude.

If you don't kill chickens and monkeys, it will be difficult to lead the team.

"Okay, Mr. Lin."

Hearing what Lin Baicheng said, Levi's didn't ask any more questions.

Lin Baicheng warned: "Levi's, what you have to do is to stabilize the company, prevent the company from turmoil, and prevent things that harm the company's interests from happening."

"Mr. Lin, don't worry, I will keep an eye on it." Levi immediately promised.

"Then let's do it first."

Lin Baicheng stood up while speaking, and Qin Lan followed him out of the conference room.

After returning to the office, Lin Baicheng called the Hong Kong government to find someone there to help.He has already figured out how to deal with Grant and Fred, and he believes that this trick is absolutely effective and can definitely achieve his goal.

Even if British capital intervenes, Lin Baicheng can still achieve his goal.

(End of this chapter)