People in Hong Kong create super chaebols

Chapter 411 The Shocking Stock Market

At this time, many media reporters turned their attention to Rowlands Kadoorie, hoping that the head of China Power Group, Rowlands Kadoorie, could provide some explanation, even a hint of refutation.

However, Laurence Kadoorie disappointed everyone. Not only did he not come out to explain, he didn't even want to say a few more words.

The same was true for Michael Kadoorie and other senior executives of CLP Power on the side, and no one had any intention of answering.

"I have finished speaking. My mission here has been completed. The site will be handed over to China Electric Power Company. I still have something to do, so I will take the first step." After saying so much, Su Cheng no longer intends to stay. Here he is, his mission accomplished.

"Mr. Su, I want to interview you."

"Mr. Su, can you answer a question for me?"

"Mr. Su,..."

Many reporters raised their hands, hoping that Su Cheng could stay and cooperate with their interviews so that they could learn more about the inside story.

However, Su Cheng obviously has no interest in staying here to deal with these media reporters.

"I'm sorry, gentlemen and ladies, I'm really in a hurry today, so I'm going to take a step ahead. Goodbye, everyone!" Su Cheng said very directly.

After that, he said goodbye to Laurence Kadoorie and others, and left the scene directly.

With on-site security personnel maintaining order and Su City's bodyguards protecting them, they had no choice but to prevent Su City from leaving on its own.

There was no way, the reporters could only focus on Rowlands Kadoorie.

However, Laurence Kadoorie was obviously not in this mood. After handing over the scene to his son Michael Kadoorie, he also left the press conference directly and went back to the office.

When Su Cheng came over, he had already discussed it with Laurence Kadoorie. After the press conference, a person in charge from the Hong Kong Electric Group would come over to hand over to them.

At that time, the HK Electric Group will take over all fixed assets that need to be transferred and sold according to their market value.

After Su Cheng left CLP Power, he asked the driver to go to Tuen Mun.

There was no time to go over there.

When we were driving from Sioux City to Tuen Mun, the news of the press conference from China Electric Power Headquarters spread rapidly to all parts of Hong Kong.

The first to know was the Hong Kong Stock Exchange.

When the stock investors learned about this, they looked even more shocked than the reporters.

Who would have thought that after trading in the stock market for several days, they were so lonely that Sioux City didn't take over China Power?
As a result, stockholders who held the shares at high prices were miserable. As the news spread, China Power's stock price continued to fall.

Originally, when Zhang Qizheng led a team to control stocks yesterday and sold off all 10% of China Power's shares, it had already driven China Power's shares back to about 1.3 times their normal market value.

This morning, because Zhang Qizheng's trading team no longer continued to sell shares of China Power, the number of shares sold by China Power finally decreased a lot.

As a result, China Power's stock price began to rise again under the control of market makers.

By the time the news reached the Hong Kong Stock Exchange, China Power's share price had risen to 1.8 times its normal market value.

However, Sioux City was unable to acquire CLP Power. After the news that CLP Power had ceded power supply rights in Tuen Mun, Islands, and Sai Kung to Hong Kong Electric Group reached the Hong Kong Stock Exchange, this news was undoubtedly disastrous news for CLP Power.

Originally, they were speculating on China Power's stock just to wait for Sioux City and Kadoorie to compete in the stock market, and then they took advantage of it.

Now, Su Cheng suddenly said that due to the government's obstruction, he announced that he would no longer acquire China Power and had liquidated all the stocks he originally held. This news is already very hurtful to everyone.However, even so, if China Power only gets this news, the most it can do is return to its original stable stock price.

However, there is another news now. China Electric Power will transfer the power supply rights of Tuen Mun, Islands and Sai Kung to Hong Kong Electric Group.

This news will cause the greatest damage to the China Electric Power stock market.

What does it mean to sell power supply rights?
It means that China Electric Power is cutting itself off, and not just cutting it off once, but cutting it down three times in a row!

Therefore, China Power's stock price began to fall after receiving the news.

Many investors and even bookmakers hope that they can run faster.

The result of this is naturally that China Power's stock continues to plummet.

At the same time, the shares of Hong Kong Electric Group were once again targeted by some people.

After all, today's Hong Kong Electric Group has expanded its territory by adding three new territories: Tuen Mun, Islands and Sai Kung.

Therefore, many people have been buying the shares of Hong Kong Electric Group, hoping to benefit from future stock rises.

The stock market is like this. If there is any news, it will affect the stock price immediately.

Since the government blocked Sioux City from acquiring China Power this time, Sioux City's sale of shares in China Power did not make most people think that it was deliberately harvesting leeks in the stock market.

There must be a small number of people, especially those who take over in high positions, but these people are not harmful to Su City.

It is impossible for a businessman to fight against the government. It is not his fault that Sioux City failed to win China Power. Normal stock investors know that Sioux City cannot be blamed for this matter.

Therefore, even though Sioux City made a huge profit of nearly 10 billion in the CLP Power stock trading, it did not get a bad reputation. On the contrary, everyone was very considerate of Sioux City's situation.

Those who took over the business in high positions can only be blamed for being too greedy.

Su Cheng couldn't control the hustle and bustle in the stock market. Even if he knew about it, he would just treat it as a joke.

At this time, he had arrived in Tuen Mun New Town in a Rolls Royce.

There are more and more construction sites on the roadside in Tuen Mun New Town. All these indicate that this area is undergoing major development.

The government provides money and policies to build new towns, so there are only advantages and no disadvantages to the local area.

Su Cheng discussed with Wei Li and Ma Shiming that in Tuen Mun, more land could be hoarded around the new town.

Now, Tuen Mun New Town has been developed recently, and the population is not as large as that of later generations. Therefore, although development has begun, the land price is very cheap compared to the city center.

Hong Kong Electric Group does not have to pay much to hoard land here.

Sioux City did not ask the driver to park the car in Tuen Mun New Town, nor did it ask the driver to drive the car to the Tuen Mun Oil Base. Instead, Sioux City asked the driver to go to another place in Tuen Mun - the future Castle Peak Power Plant.

Now, of course, there is no Qingshan Power Plant.

Although CLP Power has already planned the Qingshan Power Plant before, it has just started reclamation. According to the project progress, the reclamation will not be completed until early next year, so the construction of the Qingshan Power Plant has not yet started.

(End of this chapter)