We're building a super chaebol in Hong Kong

#371 - HK Electric Group's press conference

Su Cheng's acquisition of Hong Kong Electric Group was a major event for both the group and Hong Kong as a whole, and couldn't be handled with just a simple advertisement.

Therefore, holding a press conference was absolutely necessary.

Su Cheng's appearance was also more conducive to the future development of Hong Kong Electric Group.

After all, with Su Cheng, the world's richest man, as the big boss behind them, everyone would trust Hong Kong Electric Group even more.

Once everyone was seated, Su Cheng stood up and raised his hand, and the noisy environment instantly quieted down.

Originally, for a listed company like Hong Kong Electric Group, such a major personnel change would definitely require a board meeting, and then the board members would vote to decide.

However, now that Su Cheng was already the controlling shareholder of Hong Kong Electric Group, opposition from other shareholders would be ineffective.

Therefore, the board meeting voting process could be skipped directly.

Su Cheng only needed to announce his appointment directly, without needing anyone else's consent.

As soon as he finished speaking, thunderous applause erupted in the room. The applause was particularly loud from the Chinese, who were so excited that they stood up.

On the other hand, the middle and senior management who originally belonged to Hong Kong Electric Group looked at each other, unable to imagine this fact.

It was too incredible. How could Hong Kong Electric Group be controlled?

Many of them had worked for Hong Kong Electric Group for most of their lives and were very familiar with it, naturally knowing the shareholding structure of Hong Kong Electric Group.

Unexpectedly, in addition to the movements in the stock market a few days ago, Su Cheng, the world's richest man, had taken down Hong Kong Electric Group without anyone knowing.

This news would definitely shock the entire Hong Kong.

Hong Kong Electric Group, ah, this was the only power supply company on Hong Kong Island, and there were only two in the entire Hong Kong.

China Light and Power in the north and Hong Kong Electric Group in the south had always been two of Hong Kong's power suppliers.

With the development of technology and the increase in Hong Kong's population, the status of these two power companies in Hong Kong became higher and higher. Just by selling electricity, these two power companies could live very comfortably.

Moreover, they were both companies with a long history in Hong Kong, holding a large amount of land in their hands.

Relying on these lands that they had hoarded in the past, these two power companies had now begun to venture into the real estate industry, and their future was immeasurable.

Now, one of them, the power supplier on Hong Kong Island, Hong Kong Electric Group, in the area with the most foreigners, had been taken down by Su Cheng.

This was simply slapping the face of the British consortium.

"Everyone, if you have any questions, you can ask them. I will satisfy you today, but the questions are limited to matters related to Hong Kong Electric Group." Seeing the applause gradually subside, Su Cheng continued with a smile.

As soon as Su Cheng's words fell, many reporters raised their hands.

"The reporter from Jia Yi Television over there, you can ask first." Su Cheng pointed to the reporter from Jia Yi Television.

After all, Jia Yi Television was his own, so it was natural to give priority to Jia Yi to ask questions.

"Mr. Su, I would like to ask, how did you acquire 52.9% of the shares of Hong Kong Electric Group? As far as I know, the shares of Hong Kong Electric Group are very dispersed, and there are many shareholders holding shares. It must be very difficult to acquire so many shares of Hong Kong Electric Group without everyone knowing!" The reporter from Jia Yi Television stood up excitedly to ask questions.

Although Su Cheng was his boss, he naturally knew that it was not appropriate to call Su Cheng boss in this environment, and it was most appropriate to call him Mr. Su.

"I can answer this question for you now. We have been planning for the stock market of Hong Kong Electric Group for several months. In these few months, we have successfully acquired more than 20% of the shares. In addition, several shareholders of Hong Kong Electric Group have also privately transferred their shares to us. Coupled with our sweeping acquisition in the stock market a few days ago, we have the result of me standing here today." Su Cheng said with a smile.

Now, the acquisition of Hong Kong Electric Group had become a reality, and these things no longer needed to be hidden.

After all, Su Cheng's acquisition of the shares of Hong Kong Electric Group was aboveboard and did not involve any illegal activities. It was purely an ordinary commercial act.

After Su Cheng finished speaking, applause rang out again at the scene.

They knew that although Su Cheng said it simply, not everyone could do this.

In the entire Hong Kong, Su Cheng was probably the only one who could take down Hong Kong Electric Group without being discovered by others.

After all, billions of dollars in cash could not be taken out casually.

Back then, in order to acquire Wharf, Bao Ship King could not have completed it if he relied on his own cash flow.

Therefore, he could only borrow money from HSBC Bank.

In this way, the action would naturally not be confidential.

But Su Cheng was different. The money he spent was all his own private money. If he wanted not to be known, he only needed to act secretly.

"Next one, let's have the reporter from Chivalrous News ask." Su Cheng continued.

The other reporters could only be envious.

After all, everyone knew that whether it was Jia Yi Television or Chivalrous News, they were both Su Cheng's properties, and it was understandable for Su Cheng to let them ask questions first.

"Mr. Su, do you have any plans to privatize Hong Kong Electric Group?" The reporter from Chivalrous News asked.

"I can also tell everyone very clearly here that I will not privatize Hong Kong Electric Group. As a listed public utility, Hong Kong Electric Group has an obligation to continue to stay on the Hong Kong Stock Exchange as everyone's investment target and continue to be supervised by the citizens of Hong Kong, rather than becoming my private enterprise. At the same time, I also solemnly promise everyone here that I will not control more than 53% of the shares of Hong Kong Electric Group. Therefore, you are welcome to hold shares in Hong Kong Electric Group and let us work together to develop Hong Kong Electric Group better!" Su Cheng replied with a smile.

In fact, it was basically impossible for Su Cheng to privatize Hong Kong Electric Group, and the government would not allow him to do so.

Therefore, Su Cheng's words were just a formality.

Even if he only controlled 52.9% of the shares, Su Cheng could already completely control the development of Hong Kong Electric Group.

As for not being able to get all the profits?

Su Cheng was not such a greedy person. The future of Hong Kong Electric Group would also be mainly in industries without technical content such as electricity supply, real estate, and advertising. Su Cheng was already satisfied with being able to get half of the profits.

Anyway, Su Cheng would not put the future technology obtained by Xiao Ai into Hong Kong Electric Group, but would put it into Su's Group and Hutchison Whampoa, after all, these two groups were 100% controlled by him.

Tap the screen to use advanced tools Tip: You can use left and right keyboard keys to browse between chapters.

You'll Also Like