Reborn as a tycoon in Hong Kong

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 funds obtained 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. He has become the largest shareholder of HK Electric and will take over HK 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."

"Fuck me, 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, investors were discussing Lin Baicheng's entry into Hong Kong Electric. Those who had previously sold HK Electric shares regretted it, those who did not own HK Electric shares felt regretful, and those who held HK Electric shares were extremely happy.

After Lin Baicheng took over Hutchison Whampoa, Hutchison Whampoa's market value of less than 3 billion Hong Kong dollars has become more than 20 billion Hong Kong dollars today, more than six times. Under such circumstances, investors are naturally full of confidence in his acquisition of HK Electric. They even have expectations that HK Electric's market value may increase several times. Stock speculation is speculation, so the skyrocketing share price of HK Electric is inevitable.

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!"

Li Jiacheng was very upset after learning that Lin Baicheng had taken over HK Electric. Li Jiacheng had already researched Hong Kong Electric and wanted to acquire it, but he had to give up because of insufficient capital. Even if he later received support from HSBC, he would not be able to acquire HK Electric, because HK Electric's market value is close to HK$5 billion, and it would be useless even if he borrowed HK$1 billion from HSBC.

If a loan of HK$2 billion or more can be obtained, then Li Jiacheng may become the owner of HK Electric. After all, HK Electric does not have a powerful major shareholder. However, although Shen Chow 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 can Li Jiacheng not be tempted?

Li Jiacheng originally planned to earn hundreds of millions of Hong Kong dollars through property investment next year. Coupled with the development of Cangjiang Industrial itself, he would seek support from HSBC then, and he might be able to take over HK Electric. But now all this has become a 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, 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 was unable to 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 a bit unrealistic to expect that his opponent's investment will be greatly reduced if his investment fails, so what Li Jiacheng can do is to strengthen his own strength and make his capital stronger, so that he can have the capital to resist.

HSBC.

"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 also borrow money from Standard Chartered Bank. After all, the private placement of shares was worth about HK$800 million, and Lin Baicheng only borrowed HK$500 million from HSBC. In addition, 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 has the money to pay for the private placement of shares, but also has the money to continue to increase his holdings of HK Electric's shares.

Shen Zhou really guessed it right. Lin Baicheng not only borrowed HKD 500 million from HSBC, but also borrowed HKD 500 million from Standard Chartered. They were all short-term loans, so the annual interest rate was high, but he could repay the loan at any time, and the interest was calculated based on the number of days.

Lin Baicheng used the HK$1 billion borrowed from the bank to acquire Hong Kong Electric shares. It is best to persuade the management to issue additional shares. If the management cannot be persuaded, the money will be used to make acquisitions 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 yet 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 it, 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.

Lin Baicheng kept his promise to HK Electric's management and just sent financial personnel to HK Electric to seize HK Electric's financial power. In terms of management, it is still left to Taipan Levis and other managers for the time being. As long as they run Hong Kong Electric well, 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 regret it. They welcomed Lin Baicheng to take over HK Electric and continue to work seriously.