In Hong Kong, we build a global business empire

Chapter 161: Li Jiacheng has already set his eyes on this piece of land?

Although Hong Kong Electric Group has many shareholders, not all major shareholders can become members of the board of directors.

For example, the board of directors of Hong Kong Electric Group has a total of 13 members, of which only 5 are shareholders, namely the top 5 shareholders with the largest shareholding ratio.

The other eight board members are all professional managers of the Hong Kong Electric Group and are also senior management of the Hong Kong Electric Group.

However, now that the shares of the original top two shareholders have been sold to Lin Haoran, these shareholders who are no longer in the Hong Kong Electric Group are naturally no longer suitable to continue to serve as non-executive directors of the Hong Kong Electric Group.

So, there are actually only 12 board members left, including Lin Haoran and Chen Shoulin.

In other words, Chen Shoulin only needs to notify 10 other people.

Among them, the other seven senior executives except Chen Shoulin normally work in the headquarters or other branches in Hong Kong. Today, the Hong Kong Electric Group has almost no overseas business, and these senior executives normally will not leave Hong Kong for overseas business trips, so it does not take long to notify them to return.

Therefore, the most important thing is to notify the other four shareholders to attend the meeting.

These four shareholders need to arrange the final board meeting time based on their actual free time. It is not possible to hold a board meeting immediately whenever they want.

After discussing with the four shareholders, they finally decided to hold the board meeting at 4 pm.

After arranging the board meeting, Chen Shoulin began to arrange the press conference.

Now that he has accepted the fact that Lin Haoran has taken over the Hong Kong Electric Group, Chen Shoulin has devoted himself to doing his job well.

At noon, during the stock market's lunch break, Lin Haoran made a special call to Su Zhixue to find out about the situation.

Most importantly, he wanted to see whether the Jardine Matheson Group had given up.

If they still have interests in Hong Kong Electric Group, they will definitely increase their efforts to buy stocks. Experienced traders like Su Zhixue can easily tell the difference.

In this situation, Lin Haoran really can only spend a huge price to buy more shares from the stock market as soon as possible, or buy shares from other shareholders to increase his shareholding ratio and completely deprive the Jardine Matheson Group of this opportunity.

"Boss, this morning's trading has returned to normal. Most of the low-priced shares have been absorbed by us. With the increased absorption efforts, we absorbed a total of about 782 million shares in two and a half hours this morning. In the absence of other major competitors, the stock price changes are not that big." Su Zhixue reported to Lin Haoran.

Lin Haoran nodded and said, "Zhixue, continue to buy stocks at the same pace as this morning. Don't push up the stock price yet!"

Originally, he planned to buy up all the shares below HK$4 at one time before the market closed. In this way, he should be able to increase his stake in Hong Kong Electric Group to more than 40% today.

However, upon learning that the Swire Group did not continue to take action on the stock market, Lin Haoran decided not to do so.

Obviously, after Jardine Matheson and Hong Kong Holdings Group finally realized that it would be difficult to take over Hong Kong Electric Group, they had no choice but to give up.

After all, the competitors already own more than 34% of the shares. It is obviously difficult for them to exceed this share or even take the lead.

What's more, even if they can absorb so many shares, their opponent Lin Haoran can also continue to absorb them.

Giving up and choosing other targets is the wisest option. The decision makers behind the Jardine Matheson Group would not be so stupid.

In addition, the share price of Hong Kong Electric Group has been raised from the current HK$3.5 to HK$4 per share. Given the current stock market conditions, it is basically impossible to lower the share price of Hong Kong Electric Group further.

However, Lin Haoran still plans to continue to acquire shares of Hong Kong Electric Group to reach a shareholding ratio of 49.9%. In this way, he will not be afraid of anyone taking away the controlling rights of Hong Kong Electric Group from him.

Once his shareholding reaches 49.9%, he will no longer increase his holdings because there is no need. This shareholding ratio already allows him to be absolutely safe.

As for the Hong Kong Electric Group, Lin Haoran never considered privatizing it from the beginning to the end. Holding 49.9% of the shares is enough.

Judging from the absorption situation in the morning, as the Hong Kong Land Development did not continue to stir up trouble on the Hong Kong Electric Holdings Group's stock market and Universal Investment Company increased its absorption efforts, there is no problem for Lin Haoran to have an additional 3% of shares today.

In this way, it won't take long for him to reach a 49.9% shareholding.

After hanging up the phone, Lin Haoran went to the chairman’s office, ready to learn more about the situation of the Hong Kong Electric Group.

From now on, this British bank will be his property, so naturally he needs to have enough understanding of it.

"Boss, this is the most important development plan for the Hong Kong Electric Group this year that our board of directors discussed earlier. What do you think of it?" Chen Shoulin handed a document to Lin Haoran.

Lin Haoran nodded, took the document and read it carefully.

"Real estate cooperative development plan!"

The document states that the Hong Kong Electric Group plans to cooperate with other real estate giants in Hong Kong to set up a real estate development company this year, and then the Hong Kong Electric Group will sell two priceless properties, the former site of the Electric Road Power Station in North Point and the Jardine's Lookout, to the newly established real estate development company.

Although the Hong Kong Electric Group has already entered the real estate industry, the scale of its real estate business is not large today, and it relies more on cooperation with other real estate companies. Therefore, the Hong Kong Electric Group is basically unable to develop these priceless lands on its own.

After all, the Hong Kong Electric Group only started to get involved in the real estate industry in 1976, which is only four years ago.

The plan also lists the potential partners of the Hong Kong Electric Group, such as Cheung Kong Holdings, Sun Hung Kai Properties, New World Development, Hopewell Holdings, Wheelock Holdings, Hongkong Land, etc. Obviously, although the Hong Kong Electric Group is a British-owned enterprise, because the chairman, Chen Shoulin, is Chinese, he prefers to find Chinese real estate developers to cooperate with.

Moreover, with the rapid development of Chinese real estate, China Enterprises is indeed qualified for this cooperation.

Lin Haoran knew a little about Chen Shoulin's development plan because it was a very famous cooperation case.

If Lin Haoran had not suddenly intervened in the affairs of the Hong Kong Electric Group, and was now preparing to take over the Hong Kong Electric Group, changing the original historical development trajectory, the Hong Kong Electric Group would eventually choose to cooperate with Cheung Kong Group and Wheelock Group in the future, and this happened within this year.

In Lin Haoran's previous life, the Hong Kong Electric Group would eventually form the International City Group with Li Ka-shing's Cheung Kong Group and the British trading company Wheelock and Company within this year. In the end, the Hong Kong Electric Group and Cheung Kong Group would hold 34% of the shares respectively, and Wheelock and Company would hold 32% of the shares. Li Ka-shing would serve as the chairman of the company.

Subsequently, the Hong Kong Electric Group sold it to International City Group for HK$21.1 billion. International City Group developed the former site of the Electric Road Power Station in North Point into the famous City Garden, including 13 high-rise residential buildings and an office building with a total building area of ​​317.8 million square feet, and ultimately made a considerable profit.

It was precisely because of this cooperation that Li Ka-shing set his sights on Hong Kong Electric Group.

However, now all this has been changed by Lin Haoran, so Li Jiacheng naturally has no chance.

And it can be seen from here that in fact, the value of these two pieces of land alone is as high as the current market value of Hong Kong Electric Group.

Not to mention, the Hong Kong Electric Group also has many plots of land in other locations, such as several plots in Tsuen Wan, Sheung Wan, Chai Wan, Fortress Hill, etc., which are of considerable value.

Today, the total market value of Hong Kong Electric Group is only around HK$22 billion, which is extremely low.

Moreover, the Hong Kong Electric Group itself has a stable income from electricity sales business. The sale of electricity alone can help the Hong Kong Electric Group make a profit of HK$300 to HK$400 million every year, which is pure profit!
According to these estimates, even if the Hong Kong Electric Group is sold for HK$50 or 60 billion, it would be worth it!

And now, when Lin Haoran acquired it, it was just over 2 billion, and even a large part of the shares absorbed in the early stage had a lower cost. It can be said that he really got a great bargain!

"This development plan is very good. It will enable the Hong Kong Electric Group to better leverage its advantages. However, there is no rush to select partners." Lin Haoran said with a smile after reading the information.

Now that he is in charge of the Hong Kong Electric Group, it is naturally impossible for him to let Li Ka-shing enjoy this benefit.

It's better to keep the money in the family, so it's better for one's own real estate company to make the money.

Today's Wan'an Real Estate Group does not have the strength to develop such a large-scale real estate project, and it is also difficult to expand its scale in the short term. The simplest way is to acquire a real estate company and then merge this real estate company with Wan'an Group. In this way, Wan'an Group's real estate development capabilities will naturally increase greatly.

Even if there is no merger, it is also possible for this company to form a new real estate development company with Hong Kong Electric Group and Wan An Group to develop these lands.

In other words, he should be the one in charge of all three companies!
This is the way to keep the wealth within the family!

"Speaking of which, Mr. Li from Cheung Kong Group has asked me many times to discuss in detail the land of the former site of the Electric Road Power Plant in North Point. He hopes to cooperate with our Hong Kong Electric Group. Cheung Kong Group is quite strong and sincere, so I once thought of cooperating with them. However, since you said so, boss, this plan will be shelved for the time being!" Chen Shoulin said on the side.

Lin Haoran couldn't help but be surprised when he heard this. He didn't expect that Li Jiacheng had already set his eyes on the land of the former site of the Electric Road Power Plant in North Point?
But it's normal to think about it. This piece of land is the most valuable land under the Hong Kong Electric Group, so it's normal to target it.

However, at this time, Li Ka-shing should be focusing his energy on Hutchison Whampoa.

Lin Haoran actually felt quite regretful about the company Hutchison Whampoa. If he had traveled through time two or three years earlier, he would have been able to compete with Li Ka-shing for Hutchison Whampoa.

Unfortunately, he traveled through time too late and the timing was wrong. When he did not have the strength to plan for the Hutchison Whampoa Group, Li Jiacheng had already reached an agreement with the Bank of East Asia.

Last September, something happened in Hong Kong that shocked everyone. Li Ka-shing successfully acquired 22.4% of the shares held by Bank of Hong Kong.

These shares are not enough for Li Ka-shing to take over Hutchison Whampoa, so now he first stabilizes Hutchison Whampoa's boss William Waley and is not in a hurry to seize the boss position for the time being. Instead, he only serves as an executive director of Hutchison Whampoa.

Behind the scenes, it continued to secretly absorb Hutchison Whampoa's shares.

Li Ka-shing’s strategy was very simple. He would wait until his shareholding in Hutchison Whampoa exceeded 40% and then he would drive Wei Li away. In this way, Li Ka-shing would be able to take over Hutchison Whampoa naturally and become the boss of Hutchison Whampoa!
Lin Haoran was just a little regretful about missing out on Hutchison Whampoa, but he wasn't really heartbroken.

After all, there are many high-quality British-owned companies in Hong Kong. If they cannot acquire Hutchison Whampoa, they can just acquire other major British-owned banks.

For example, the Hong Kong Electric Group is now under his control.

Of course, the Hong Kong Electric Group alone cannot satisfy his appetite.

Now he has sufficient funds in his hands.

It would be best to acquire more high-quality companies while these stock prices are still relatively low, so that the cost can be much lower.

After a few years, the market value of most high-quality companies will have increased several times.

Of course, it would be very uneconomical to acquire it at that time compared to acquiring it now!

"I plan to acquire a real estate company with good strength. After the acquisition, I will develop the land in North Point!" Lin Haoran answered directly.

His meaning was very clear. He did not agree with the plan of cooperating with Cheung Kong Holdings!

(End of this chapter)