Reborn Xiangjiang as a Tycoon

Chapter 277 Taking over HK Electric

On the morning of September 21st.

Hong Kong Electric announced to the public that the company issued a private placement of 200 million shares to Mr. Lin Baicheng. The stock price of the private placement increased by 10% based on yesterday's closing price of HK$3.7. That is, the actual price of the private placement was HK$4.07 per share. A total of

814 million Hong Kong dollars.

The company will use the proceeds from the private placement to develop the company's main business and bring more generous returns to shareholders. At the same time, because the company suffered a major accident, it decided to temporarily suspend trading for one day.

At the same time, Lin Baicheng made an announcement at Hutchison Whampoa. After the private placement, Lin Baicheng now holds 510 million shares in HK Electric, accounting for 38.93% of the total shares, becoming the largest shareholder of HK Electric.

Take ownership of Hong Kong Electric.

"It's a loss, it's a loss. If Lin Sheng takes over HK Electric, HK Electric's stock won't start to fly tomorrow!"

"I wish I had shares in Hong Kong Electric."

"I'm crazy, I actually sold Hong Kong Electric's shares two days ago!"

"I've been getting paid, I've been holding HK Electric's stocks, and I'm going to get paid this time!"

"Anyone who owns HK Electric shares will definitely make a fortune now."

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In the exchange, stock investors were discussing Lin Baicheng's entry into HK Electric. Those who had sold HK Electric shares were regretful, those who did not have HK Electric shares were regretful, and those who held HK Electric shares were disappointed.

Very happy.

After Lin Baicheng took over Hutchison Whampoa, Hutchison Whampoa's market value of less than 3 billion Hong Kong dollars has now increased to more than 20 billion Hong Kong dollars, more than six times. Under such circumstances, investors are naturally full of confidence in his acquisition of HK Electric.

There is even an expectation that the market value of HK Electric is likely to increase several times, and stock trading means speculation in expectations, so it is inevitable that HK Electric's stock price will skyrocket.

If Hong Kong Electric had not temporarily suspended trading for one day and stopped trading, Hong Kong Electric's stock would have skyrocketed today.

Cangjiang Industrial.

"Damn it, let him get there first!"

After Li Jiacheng learned that Lin Baicheng had joined HK Electric, he was very upset. Li Jiacheng had already researched HK Electric and wanted to acquire it, but he had to give up because of insufficient capital. Even though he later

With the support of HSBC, there is no way to acquire HK Electric, because the market value of HK Electric is close to HK$5 billion, and it will be useless even if he borrows HK$1 billion from HSBC.

If a loan of HK$2 billion or more can be obtained, then Li Jiacheng may be able to take over HK Electric. After all, HK Electric does not have a powerful major shareholder. However, although Shen Zhou will support Li Jiacheng, this support is limited.

, it is almost impossible for Li Jiacheng to get a loan of HK$2 billion without collateral. If it were replaced by Bao Yugang, it would be about the same.

The reason why Li Jiacheng wanted to acquire Hong Kong Electric was because he took a fancy to the large amount of land held by Hong Kong Electric. At the same time, Hong Kong Electric, as a power company, operates as a public utility, and there is almost no possibility of losing money. The annual profits are very stable, so it is worth it.

Long term investment.

The company's own business has stable annual profits and is worthy of long-term investment. The company also has a large amount of land with full potential. How could Li Jiacheng not be tempted?

Li Jiacheng originally planned to earn hundreds of millions of Hong Kong dollars through property investment next year. In addition to the development of Cangjiang Industrial itself, he would seek support from HSBC then, and he might have the possibility of joining HK Electric. But now all this has become

Delusion, Lin Baicheng's shareholding in HK Electric has reached 38.93%, close to 40%. It is almost impossible for anyone to threaten him in terms of shareholding ratio.

"Damn it, if this continues, his strength will only get stronger and stronger."

Li Jiacheng frowned. He found that with Lin Baicheng's current capital, there were too many things he could do. In a few years, his strength would only get stronger and stronger, and the gap between him would probably become wider and wider, until Until he can't resist.

If you want to change this situation, you can either hope that Lin Baicheng's investment will fail, or you can only develop yourself quickly and increase your strength.

It is unrealistic to expect that his opponent's investment will be greatly reduced due to investment failure, so what Li Jiacheng can do is to enhance his own strength and make his capital stronger, so that he can have the capital to resist.

HSBC Bank.

"It turns out that Lin Sheng's short-term loan is to acquire HK Electric!"

A few days ago, Lin Baicheng found HSBC and borrowed 500 million Hong Kong dollars in a short-term loan from HSBC. At that time, Shen Chou was still wondering what Lin Baicheng was doing with such a loan that could be repaid at any time. Now after reading the announcement, he didn't know that Lin Baicheng was the owner. Hong Kong Electric is temporarily short of funds.

At the same time, Shen Zong secretly guessed that Lin Baicheng should have also borrowed money from Standard Chartered Bank. After all, the private placement of shares was worth about HK$800 million, while Lin Baicheng only borrowed HK$500 million from HSBC, and Lin Baicheng's shareholding had not reached 40%, so Lin Baicheng probably also borrowed HK$500 million from Standard Chartered Bank. In this way, Lin Baicheng not only had the money to pay for the private placement of shares, but also had the money to continue to increase his holdings of HK Electric shares.

Shen Zhou really guessed it right. Lin Baicheng not only borrowed 500 million Hong Kong dollars from HSBC, but also borrowed 500 million Hong Kong dollars from Standard Chartered. They were all short-term loans, so the annual interest rates were high, but they could be repaid at any time, and the interest was calculated based on the number of days.

Lin Baicheng used the 1 billion Hong Kong dollars borrowed from the bank to acquire Hong Kong Electric's shares. If he could convince the management, it would be best to issue a private placement. If he could not convince the management, the money would be used to acquire shares from the stock market.

Fortunately, he persuaded the management of HK Electric to conduct a private placement for him, which saved him a lot of money when he joined HK Electric.

In the afternoon, Lin Baicheng went to Hong Kong Electric and met with its management.

At this time, Lin Baicheng has not actually obtained control of HK Electric. Firstly, HK Electric's private placement has just been approved by the Securities Regulatory Commission this morning, and the transaction has not yet been completed. Secondly, even if the private placement is completed, Lin Baicheng will only be the major shareholder of HK Electric. That’s all, I haven’t become the chairman of the board of directors of Hong Kong Electric yet.

However, as long as the private placement is completed and Lin Baicheng becomes the largest shareholder of HK Electric, it will be a matter of time before he becomes the chairman of the board of directors.

Therefore, the management of HK Electric has actually recognized that Lam Baicheng is the chairman of the board of directors of HK Electric. As long as he does not do anything outrageous and does not let the management oppose him with the same hatred and hatred, he can now exercise the rights of the chairman of the board of directors. The management will not will object.

As promised to the management of Hong Kong Electric, Lin Baicheng kept his promise and just sent financial personnel to Hong Kong Electric to seize the financial power of Hong Kong Electric. In terms of management, for the time being, it is left to Chief Executive Levi's and other managers. As long as they run Hong Kong Electric well, Then Lin Baicheng will continue to maintain the stability of the entire management.

Lin Baicheng's attitude made Levi and others secretly relieved. It seemed that Lin Baicheng would keep his promise, so there was no need for them to go back on their words. They welcomed Lin Baicheng to take over HK Electric and continue to work hard at the same time.

(End of chapter)