Reborn as a tycoon in Hong Kong
Chapter 580 Battle for Hong Kong Electric (1)
Tuesday.
In the morning, Qin Lan came to Hong Kong Electric Group with his assistants and held a press conference with the company's chief executive, Levi's.
At ten o'clock, reporters from various newspapers came over, and the press conference officially began.
At the press conference, Qin Lan said that she had received authorization from her boss Lin Baicheng to acquire 80 million shares of Hong Kong Electric Group from the stock market at a price of HK$6.5 per share.
"Ms. Qin, the closing price of HK Electric Group yesterday was only HK$5.78. Why did Mr. Lin acquire the shares of HK Electric Group at a price of HK$6.5 per share?"
"Ms. Qin, is it because Mr. Lin suddenly purchased a large amount of Hong Kong Electric Group's shares because the company has unannounced benefits that are unknown to the outside world?"
"..."
After listening to Qin Lan's words, the reporters suddenly became commotion and asked questions one after another.
"Journalists, please ask questions in an orderly manner."
Qin Lan spoke into the microphone to stop the commotion of the reporters. She explained aloud: "HK Electric Group has no good or bad news that have not yet been announced. The company is operating normally. The reason why Mr. Lin suddenly purchased a large amount of the company's shares is That’s because Mr. Lin currently holds 570 million shares of the company, and acquiring another 80 million shares will complete his absolute control of the company.”
"Even if Mr. Lin intends to increase his holdings of HK Electric Group's shares, there is no need to acquire large quantities at such a high premium, right? Why not make acquisitions slowly?"
At Qin Lan's signal, the reporters raised their hands for the opportunity to ask questions.
"The main reason is that Mr. Lin is planning to let the company invest in Shekou, the mainland, to build a large power plant. In order to show that Mr. Lin is optimistic about the company, Mr. Lin has specifically increased his holdings in the company's stocks."
This is the external statement that Lin Baicheng and Qin Lan have discussed, mainly to prevent investors from having too high expectations for the company's stock price and holding back the stock.
Lin Baicheng knew that the announcement of this kind of news would definitely have a negative impact on the company's stock price, but the short-term decline in the company's stock price had no impact on Lin Baicheng. On the contrary, it would help him acquire the shares of Hong Kong Electric Group and arbitrage the shares held by British investors. live.
If the stock price of Hong Kong Electric Group falls too much, the British capital will not be able to sell the stocks that were acquired not long ago. Selling at a low price will definitely result in a lot of losses. And this is what Lin Baicheng wants. The British capital will find it for him. Trouble, of course he will not let them go easily.
Reporter: "Hong Kong Electric Group is preparing to invest in the mainland. Aren't you afraid that the mainland's policy changes and local business in Hong Kong will be affected?"
Qin Lan said immediately: "Mr. Lin is optimistic about investment in the mainland. He believes that this investment will bring huge returns to the company."
"What if HK Electric's investment in the mainland is affected, or its local business is affected, causing the company's stock price to fall?"
"If this really happens, if Mr. Lin can acquire 80 million shares of the company, then with Lin Baicheng's holdings of nearly half, the person who will suffer the biggest loss will be Mr. Lin."
"The economic conditions in the Mainland are poor. How many years will it take for HK Electric's investment in the Mainland to be repaid?"
"The company values long-term interests and short-term interests are not within the scope of the company's consideration."
"..."
"..."
Reporters and Qin Lan had questions and answers, and Qin Lan handled the reporters' difficult questions very well.
After the press conference, Qin Lan held a meeting in the conference room of HK Electric Group, which was attended by all the company's executives. In addition, Lin Shufang also came, but Qin Lan led the meeting.
This time, Qin Lan represented Lin Baicheng, so she sat in the main seat, with Lin Shufang and Levi sitting on both sides.
As one of the few large group companies in Hong Kong, there are more than a dozen management members in Hong Kong Electric Group who are eligible to attend the meeting. However, among these dozen management companies, including Levi's, there are only six directorships.
Hong Kong Electric Group has a total of eleven directorships, four of which belong to the four major shareholders except Lin Baicheng. Now, as expected, these four directorships should be in the hands of British capital.
In addition to Lin Baicheng, the six directors are Taipan Levis, financial manager Sun Kai, personnel manager Zhao Feifei, production manager Que Gui, marketing manager Grant, and chief engineer Fred of the technical department.
Among them, financial manager Sun Kai and human resources manager Zhao Feifei were arranged by Lin Baicheng after he acquired Hong Kong Electric Group. Although they are not without the possibility of betrayal, the possibility is very small. The decision-making power for them to stay or leave is in Lin Baicheng's hands. Unless faced with The temptation is huge, otherwise it would be impossible for them to suddenly stab Lin Baicheng in the back.
Que Gui, the manager of the production department, was originally the deputy manager of the production department. The original manager was a British man. Lin Baicheng later found an excuse to replace him and replaced him with Que Gui. Therefore, Que Gui can also be said to be Lin Baicheng's person.
Grant, the marketing manager, is a British man. The problem is that he has no serious problems and is not as greedy as the original production manager. In addition, considering that replacing two British executives in a row will have an impact on the company's management, Lin Baicheng Grant was not touched, and Grant moved closer to Lin Baicheng very wisely.
As for Fred, the chief engineer of the technical department, he is a German and manages the company's technical department. As long as it is company affairs that have nothing to do with the technical department, he has always followed the crowd and basically has no sense of existence.
"I received the authorization from Mr. Lin to convene this meeting today. I have something to announce to you, and I also have something to tell you."
Qin Lan looked around at the senior executives sitting there. Everyone seemed to be listening carefully, and no one dared to neglect.
"Just yesterday, Levi's CEO reported to Mr. Lin that some British investors had acquired a lot of shares in the company and wanted to compete with Mr. Lin for control of the company. They wanted to win over Levi's CEO, but Mr. Lin refused."
Levi's spoke up at the right time: "The company has developed very well under Mr. Lin's management, and Mr. Lin has not treated us badly. I think we should firmly support Mr. Lin."
"I know that British capital will definitely contact you, especially those with board seats, to achieve their goals by wooing you. But you must know that Mr. Lin has the highest shareholding in the company, and the one who wins in the end can only It’s Mr. Lin, so you must not be tempted and do something you will regret in the future.”
After a pause, Qin Lan continued: "Maybe some of you will be tempted by British capital and choose to join British capital, but before you do so, you must think clearly whether your buttocks are clean. There are some things that Mr. Lin just didn't know before. It’s just an investigation, but it doesn’t mean that Mr. Lin doesn’t know that with Mr. Lin’s energy, it’s not difficult to give the traitor the punishment he deserves.”
Only in this way can people be awed by giving both kindness and power. The threatening words behind Qin Lan were to prevent those executives with directorships from betraying easily.
After listening to Qin Lan's words, all the executives present expressed their loyalty, saying that they would continue to be loyal to Chairman Lin Baicheng.
Of course, the kindness that comes with both kindness and power cannot be just a few empty words.
Therefore, after the executives expressed their stance, Qin Lan said to everyone: "Mr. Lin will implement an equity incentive plan for the company next month. I think everyone may be familiar with this plan. Hutchison Whampoa is currently implementing this plan. Wei Li Management such as Taipan has benefited greatly. High-level executives receive equity incentives equivalent to several million Hong Kong dollars every year; even lower-level executives receive hundreds of thousands of Hong Kong dollars every year."
"Comparing the company's market value with Hutchison Whampoa, the equity incentives received by the executives here every year are at least 20%-25% of those at the same level as Hutchison Whampoa. If the company can develop and grow, the equity received will be more valuable. .”
"I think everyone should know that this is Mr. Lin's reward for senior executives and outstanding talents. Once the company changes its controller, will the new controller implement an equity incentive plan? Will it be as generous as Mr. Lin? Just give me a big greeting."
The equity incentive plan was something Lin Baicheng had originally planned to implement, but it was not planned to be implemented as soon as next month. Now in order to stabilize the management and make the British capital pay a greater price to win over people, Lin Baicheng had no choice but to throw out this plan. bait.
Equity incentives are still very tempting to senior executives. Everyone has sincere smiles on their faces, and they also know very well that currently only Lin Baicheng in Xiangjiang is implementing equity incentive plans. Other companies have Executive rewards are not as generous.
Of course, an equity incentive plan will certainly not make all executives fall in love with Lin Baicheng. If the British capital is willing to pay the price, as long as the temptation is strong enough, some people will still turn to the British capital. This is normal.
Everyone is profit-seeking, and whoever gives more benefits will be fooled.
However, after Lin Baicheng's equity incentive plan was announced, if the British capital wanted the executives with directorships to betray Lin Baicheng, the price would naturally be higher, and this was Lin Baicheng's purpose.
After everything that needed to be said was said, Qin Lan asked the executives to do their own work under the current situation and not to affect the company's operation, and then announced that the meeting was adjourned.
outside world.
After the Hong Kong Electric Group's press conference, Yum Securities arranged for people to purchase Hong Kong Electric Group's shares on the stock market at a price of HK$6.5 per share. The first wave of HK$200 million in funds has already arrived in the corresponding account.
The stockholders on the exchange did not know at this time that British capital had acquired a large number of HK Electric Group's shares. They only knew that large funds were purchasing HK Electric Group's shares yesterday, and that there were also large funds purchasing shares this morning. Now Lin Baicheng is even more so. Purchased in large quantities at a high price of HK$6.5.
Therefore, in the face of this situation, some investors choose to take it easy, but some investors choose to wait and see, wanting to wait and see whether the stock price can rise higher in the future.
At the same time, the British capital also quickly received the news.
Faced with this situation, Shi Yadi Shihuaiya and the others could only get together to discuss how to deal with it.
"Unexpectedly, Lin Baicheng not only held 510 million shares, but also secretly acquired 60 million shares. Now he is only about 80 million shares short of absolute control."
Lin Baicheng's shareholding ratio in Hong Kong Electric Group was somewhat surprising to Shi Yadi Shihuaiya and others. With such a high shareholding ratio, it would not be easy for them to surpass it. With Lin Baicheng also acquiring shares, it can even be said to be basically impossible.
"This guy is really rich. He holds nearly 39% of the shares. He even spent about 300 million Hong Kong dollars to increase his stock holdings. I don't know if he has too much money and no place to spend it."
In Xiangjiang, the shareholding of a listed company cannot exceed 50%, so a shareholding ratio of nearly 39% is already very high. It is normal for a listed company to hold more than 10% of the shares. Usually there are A holding company with 20% shares can be considered a relatively stable company.
Therefore, when holding nearly 39% of a company's shares, major shareholders usually do not increase their holdings, but find opportunities to reduce their holdings and convert their shares into cash.
The cash you get can be used for enjoyment or to develop other businesses. If the shareholding ratio in a listed company is not too large, then even if there is a problem with the company, the impact on its own assets will not be too great, and there is still a chance to recover the capital.
Asset optimization and risk sharing are what it means.
Shi Yadi Shihuaiya said: "It's really possible that he has too much money and no place to spend it. Think about the scale of the company he owns now."
Henry Kasik saw this and said: "Now is not the time to talk about this. Let's discuss how to deal with it."
John Ma said matter-of-factly: "His shareholding ratio is too high. It is basically impossible for us to surpass him in terms of shares."
"We can't just watch him acquire 80 million shares, which means the shareholding ratio is close to 50%, right?"
Michael Kadoorie couldn't help but frown. If it couldn't pose a threat to Lin Baicheng and couldn't affect the development and operation of Hong Kong Electric Group, then this operation would be meaningless to him.
"Of course you can't just look at it like this."
Shi Yadi Shihuaiya said solemnly: "Since he acquired it at a price of HK$6.5, then we will acquire it at a higher stock price and stir up the stock price of Hong Kong Electric Group. Firstly, it can increase Lin Baicheng's acquisition cost. Secondly, It can also prepare an escape route for us.”
Henry Kaiser thought thoughtfully: "You are thinking that if nothing can be done, you will sell the stocks in our hands at a high price, right?"
"Yes, that's what it means."
Shi Yadi Shihuaiya nodded: "The shares in our hands were originally acquired at a premium. If we cannot cause Lin Baicheng too much trouble in the Hong Kong Electric Group, then we will safely exit the Hong Kong Electric Group. After all, the funds for our acquisition are loans. And it doesn’t make much sense to have too many shares in a company we don’t control.”
"It doesn't matter if you find a way out. If you really want to deal with Lin Baicheng, as long as you are willing, there are many opportunities. You can find it slowly in the future. Safety is the most important thing."
John Madan agreed with this. If this kind of cooperation to deal with Lin Baicheng does not succeed, it must not cause too much loss. Otherwise, it will not be so easy to join forces to deal with Lin Baicheng next time. After all, who If you don’t want to lose money, you will inevitably have worries.
Henry Caesar and Michael Kadoorie did not object to this. As businessmen, they also did not want to lose money. It was also a good thing for them to have a safe escape route.
Thanks to ‘book friend 160421001946582’ for your huge reward and support!
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