People in Hong Kong create super chaebols

Chapter 408 Laying Submarine Cables
At the beginning, using the information they had, Sioux City spent HK$4 million to acquire a total of 12.5% ​​of China Power shares from three British people.

Later, Zhang Qizheng was asked to take charge of the stock market actions, and he successfully acquired 3% of China Power's shares in the stock market at a cost of about HK$8.2 million.

Back and forth, Sioux City only spent a total of HK$20.7 million to acquire this 7% stake in China Power.

Now, this 20.7% stake in China Power has been sold off again.

The principal of HK$7 million has turned into HK$17.5 billion. In less than half a month, Sioux City made a full profit of HK$10.5 billion.

Sioux City's original intention was not to make this money, but to force China Power or the Kadoorie family to cede part of their territory to Hong Kong Electric Group.

This net profit of HK$10.5 billion is definitely an unexpected surprise.

Not only did he successfully bring China Electric Power to its knees, allowing them to hand over part of their market share, but he also made a lot of money. What a blessing in disguise!

Coincidentally, at this time, Weili came out of the elevator.

"Mr. Wei Li, I happen to have something to ask you." Su Cheng greeted Wei Li.

"Boss, Mr. Zhang, hello." Wei Li greeted Su Cheng and Zhang Qizheng with a smile, and then sat down.

"I'll ask Mr. Ma Shiming to come over first, and we'll talk about it later." Su Cheng thought for a while and said.

Then, he called the service desk on the first floor and asked them to call Ma Shiming back.

Three minutes later, Ma Shiming returned to the office.

"Boss, is there anything important?" Ma Shiming asked in surprise after sitting down.

"Boss, I'm going to go out first." Zhang Qizheng said with a smile.

He is not from Hong Kong Electric Group and left here consciously, although he already knew all these things.

Su Cheng nodded and watched Zhang Qizheng go out and close the door before facing Wei Li and Ma Shiming.

"These days, I have been secretly dealing with CLP Power, and now I have achieved the results I wanted. Through negotiations, the Kadoorie family, on behalf of CLP Power, transferred the power supply rights of the three sites of Tuen Mun, Islands and Sai Kung to the Hong Kong Electric Group. From now on, the power supply rights of these places will be taken care of by the Hong Kong Electric Group. However, how much money should be paid for the fixed assets of these sites, our Hong Kong Electric Group will also have to pay them China Electric Power. You two are responsible for handling this." Su Cheng smiled. Said to the two of them.

Wei Li seemed a little surprised when he heard Su Cheng's words.

Ma Shiming, on the other hand, seemed very surprised.

Unexpectedly, the boss completed Ma Shiming's original proposal so perfectly.

After poaching Tuen Mun, Islands, and Sai Kung, the strength gap between the two sides has been greatly narrowed, and CLP Power is no longer in a completely suppressive lead.

Strictly speaking, although China Power today seems to have a slight lead in terms of population, in fact the strength of both parties can be said to be almost equal.

"Okay boss, leave this matter to us, and we will hand it over with China Electric Power." Weili nodded and said.Now that he is the president of HK Electric Group and is in charge of the overall situation of HK Electric Group, it is natural for him to coordinate this matter.

As for Ma Shiming, he is still learning and is Wei Li's deputy, so he is more importantly learning how Wei Li takes charge of the overall situation.

When Ma Shiming can truly control the Hong Kong Electric Group, these things will be truly handed over to Ma Shiming.

"The Hong Kong Electric Group's financial account should have sufficient funds. You should handle the handover with them properly. All the payments that should be made have been paid. However, we cannot let CLP Power take advantage. Mr. Rowlands Kadoorie and I have already reported to Governor MacLehose." The contract was signed under the witness of my husband. Under normal circumstances, they should not dare to mess around, but just in case, you should also pay attention to prevent them from falsifying the financial statements." Su Cheng said.

"It is sufficient. HK Electric Group currently has HK$3.5 million in book cash in its account, which is enough to cover the acquisition of fixed assets in Tuen Mun, Islands and Sai Kung." Weili said with a smile.

During these days when he was also the president of Hong Kong Electric Group, Wei Li also learned a lot about news about power companies.

CLP Holdings does not have many assets in Tuen Mun, Islands, and Sai Kung. Even if it is acquired, it will not exceed HK$1 million. This is naturally not difficult for Hong Kong Electric Group.

Sioux City's shareholding in Hong Kong Electric Group is only 52.9%. Although it is Sioux City's absolute holding company, it is not a wholly-owned enterprise. Even if Hong Kong Electric Group does not have enough money, Sioux City cannot advance the money itself.

Since Hong Kong Electric Group has the funds to deal with all this, Sioux City naturally does not have to worry so much.

This is also thanks to Bud, the former helmsman of HK Electric Group. Although he was a bit greedy, he also made a lot of contributions to HK Electric Group. At least HK Electric Group now has so much cash flow on its books, and Bud deserves a lot of credit. without.

Sioux City knew this when it took over the Hong Kong Electric Group.

This is also the reason why Sioux City drove Bader away but did not kill him.

"Tomorrow I will announce this matter with China Electric Power Co., Ltd., and the person in charge of China Electric Power Co., Ltd. will also contact you by then." Su Cheng continued.

Wei Li and Ma Shiming both nodded, indicating that they knew about this.

"There are currently small power plants in Islands and Tuen Mun, which are enough to supply power to the two places. However, there seems to be no power plant in Sai Kung. If we take over, we may have to build a small power plant there first." Wei Li thought for a while and said.

Saigon itself is sparsely populated.

For example, Tseung Kwan O and Clear Water Bay Peninsula are still under development, otherwise their population would be even smaller.

However, Shaw Brothers has a film and television city in Tai Po Tsai, Clear Water Bay, with many additional supporting buildings. In addition, there are some remote villa groups, as well as many scattered factories and fishing villages. The power supply must not be cut off.

"I have an idea to lay submarine cables in the Lei Yue Mun Strait and extend the cables from Xiangjiang Island to Tseung Kwan O, Clear Water Bay and other places. Then the power supply problem in Saigon will naturally be solved. Even if it is to build a small power plant, it will It will take a long time. If there is no power plant, we can only continue to use electricity from China Electric Power. After laying the cable, this problem will no longer exist." Ma Shiming took a map of Xiangjiang, between Ma Huan Village and Xinghua Village. Lei Yue Mun Strait, said.

The distance between the two sides of the Lei Yue Mun Strait is only about 400 meters. Laying submarine cables is not difficult and the cost can be very low. More importantly, the project is small and can be laid in the shortest time.

By then, Saigon will no longer need to rely on Chunghwa Electric Power for electricity consumption.

(End of this chapter)