We're building a super chaebol in Hong Kong

Many media reporters at this time turned their attention to Lawrence Kadoorie, hoping that Lawrence Kadoorie, the head of CLP Power, could offer some explanation, even a slight rebuttal.

However, Lawrence Kadoorie disappointed everyone. Not only did he not come out to explain, but 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; no one intended to respond.

"I've said what I needed to say, and my task here is complete. I'll hand the stage back to CLP Power. I have other matters to attend to, so I'll take my leave." After saying so much, Su Cheng had no intention of staying any longer; his mission was accomplished.

"Mr. Su, I'd like to interview you."

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

"Mr. Su, … …"

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

However, Su Cheng was clearly not interested in staying here to deal with these media reporters.

"I'm very sorry, ladies and gentlemen, I really have urgent business today, so I'll take my leave first. Goodbye, everyone!" Su Cheng said very directly.

After speaking, he bid farewell to Lawrence Kadoorie and others and left the scene directly.

With the on-site security maintaining order and Su Cheng's bodyguards protecting him, there was nothing they could do about Su Cheng's departure.

Helpless, the reporters could only turn their attention to Lawrence Kadoorie.

However, Lawrence Kadoorie obviously wasn't in the mood for that. After handing the scene over to his son, Michael Kadoorie, he also left the press conference directly and returned to his office.

Su Cheng had already discussed with Lawrence Kadoorie before coming that after the press conference, someone from Hongkong Electric would come to take over.

At that time, Hongkong Electric would take over all the fixed assets that needed to be transferred and sold at market value.

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

It had been a while since he had been there.

As Su Cheng was driving to Tuen Mun, the news of the press conference at CLP Power's headquarters spread rapidly throughout Hong Kong.

The first to know was the Hong Kong Stock Exchange.

When shareholders learned about this, their expressions were even more shocked than the reporters.

Originally, when Zhang Qizheng led the team to manipulate the stock yesterday and sold all 10% of CLP Power's shares, it had already brought CLP Power's stock back to about 1.3 times its normal market value.

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

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

When the news reached the Hong Kong Stock Exchange, the price of CLP Power's stock had risen to more than 1.8 times its normal market value.

However, the news that Su Cheng was unable to acquire CLP Power and that CLP Power would transfer the power supply rights of Tuen Mun, Islands, and Sai Kung to Hongkong Electric was undoubtedly disastrous news for CLP Power.

Originally, they speculated on CLP Power's stock just to wait for Su Cheng and the Kadoorie family to compete in the stock market, and then they would profit from the sidelines.

Now, Su Cheng suddenly said that, due to government obstruction, he announced that he would no longer acquire CLP Power and that he had already cleared the shares he originally held. This news was already very hurtful to everyone.

However, even so, if CLP Power only received this news, it would at most return to its original stable stock price.

However, there is now another piece of news that CLP Power will transfer the power supply rights of Tuen Mun, Islands, and Sai Kung to Hongkong Electric.

This news caused the greatest damage to CLP Power's stock market.

What does it mean to transfer power supply rights?

It means that CLP Power is cutting itself, and not just one cut, but three cuts in a row!

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

Many shareholders, even market makers, hoped that they could run faster.

The result of this was naturally that CLP Power's stock continued to plummet.

At the same time, Hongkong Electric's stock was once again targeted by some people.

After all, the current Hongkong Electric has added three large territories: Tuen Mun, Islands, and Sai Kung, which can be regarded as expanding its territory.

Therefore, many people rushed to buy the bottom of Hongkong Electric's stock, hoping to profit when the stock price rises in the future.

The stock market is like this. Any rumor will affect the stock price immediately.

Because this time it was the government's obstruction that prevented Su Cheng from acquiring CLP Power, Su Cheng's sale of CLP Power's shares did not make most people feel that he was deliberately harvesting leeks in the stock market.

Some people certainly did, especially those who took over at high positions, but these people were insignificant to Su Cheng.

Businessmen cannot confront the government. It was not Su Cheng's fault that he failed to acquire CLP Power. Normal shareholders know that this matter cannot be blamed on Su Cheng.

Therefore, although Su Cheng made a profit of nearly 1 billion in this CLP Power stock trading, he did not get a bad reputation. Instead, everyone was very understanding of Su Cheng's situation.

Those who took over at high positions can only blame themselves for being too greedy.

Su Cheng cannot control the excitement in the stock market. Even if he knows, he will just treat it as a joke.

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

There are more and more construction sites along the road in Tuen Mun New Town, which all shows that it is under major development.

The government provides money and policies for the construction of new towns, so it is only beneficial and not harmful to the local area.

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

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

Hoarding land here does not require Hongkong Electric to pay a high price.

Su Cheng did not ask the driver to park the car in Tuen Mun New Town, nor did he ask the driver to drive the car to Tuen Mun Oil Depot, but asked the driver to go to another place in Tuen Mun—the future Castle Peak Power Station.

Of course, there is no Castle Peak Power Station yet.

Previously, although CLP Power had already planned the Castle Peak Power Station, it had only just begun reclamation. According to the progress of the project, reclamation will not be completed until the beginning of next year, so the Castle Peak Power Station has not yet started construction.