Reborn as a tycoon in Hong Kong
Chapter 583 Battle for Hong Kong Electric (4)
Vote on the motion proposed by Lin Baicheng to "build a power plant in Shekou, Mainland China".
After Lin Baicheng made his statement, financial manager Sun Kai, human resources manager Zhao Feifei and production manager Que Gui immediately expressed their approval for the motion to be passed.
No one was surprised by the three people's vote. After all, they were personally appointed by Lin Baicheng.
"I also agree that the motion should be passed."
Levis raised his hand, and after speaking, he looked at Grant, the marketing manager, and Fred, the chief engineer of the technical department, who had not expressed their opinions yet.
Lin Baicheng also looked at the two of them. He did not say anything about playing the emotional card or making any profit. If these two people were really attracted by Yingzi, then it would be useless for him to say anything now.
Grant said solemnly: "I agree with the passage of the bill."
"Me too."
Fred followed suit.
"Seven directors vote in favor and four directors vote against. If there are more votes in favor than against, then the motion is passed."
Lin Baicheng secretly breathed a sigh of relief. After speaking, he looked at the four British people and said to them: "Four directors, if you have nothing else to say, then the proposal of the company to invest in the mainland has been officially approved by the board of directors. "He just said this casually. The majority of directors passed the motion, and he is still the chairman. Even if the four British people objected, it would be useless.
"We still insist on not investing in the mainland, but since more directors are in favor of investing in the mainland and pass this motion, we will also respect the board of directors' decision."
Shi Yadi Shihuaiya can only say nice words. At this point, there is really no other way, unless they get control of the board of directors and then hold a board meeting to veto today's motion.
"Since several of you respect the board of directors' decision, I declare that the motion is passed and will be implemented by the company's management at a later date."
Lin Baicheng made an immediate decision and then pursued the victory: "Next, I have another proposal to be voted on by the board of directors. The company is currently investing a lot of money in real estate development, line replacement, and new factory construction, so there is no money in the account. , and now the company is going to invest in the mainland, and I have a larger development plan for the company, so I feel it is necessary to increase capital and expand shares of the company to provide a sum of funds for the company."
Increasing capital and expanding shares is Lin Baicheng's ultimate move. Once Hong Kong Electric Group wants to increase capital and expand its shares, the British capital can only choose to follow up and pay the funds to buy the corresponding shares. Otherwise, they can only watch their shareholding ratio being diluted.
Once the British capital chooses to have their shares diluted, they will no longer be able to compete with Lin Baicheng for control of the Hong Kong Electric Group, which is equivalent to admitting defeat, so the British capital can only choose to follow up.
If the British capital chooses to follow up, they will have to pay a sum of money. In addition to the money spent on buying shares before, their investment in Hong Kong Electric Group will only increase.
Lin Baicheng is confident that his shareholding ratio in HK Electric Group will definitely be higher than that of British capital. Therefore, the more funds British capital invests in HK Electric Group, Lin Baicheng will have a way to make British capital suffer greater losses.
When the battle for control of the Hong Kong Electric Group comes to an end, the stock price of the Hong Kong Electric Group will inevitably experience a decline, and may even fall below the HK$5 price due to negative news. However, Lin Baicheng will not let the stock price of the Hong Kong Electric Group fall. When trying to protect the market, he will try his best to announce negative news to the outside world, causing the stock price of Hong Kong Electric Group to continue to fall.
As long as the stock price of Hong Kong Electric Group continues to fall, the shares held by British capital will continue to depreciate. They will not be able to escape even if they want to. They can only be trapped. A large amount of funds are tied up in Hong Kong Electric Group and cannot be used.
Lin Baicheng still didn't know that the money from the British capital was provided by HSBC and had to pay interest. Even if the money belongs to several British-owned families, the money is locked up in the Hong Kong Electric Group and cannot be used. As time goes by, the currency depreciation will be a big loss, not to mention that if the money is invested in other industries, there will definitely be profits. If this part of the money is not earned, it will be another loss.
"Increase capital and expand shares? This is absolutely not possible!"
Schiadie Schweitzer, Henry Caesar, Michael Kadoorie and John Malone were not stupid. They guessed most of Lin Baicheng's purpose upon hearing it, so they immediately opposed it.
On the one hand, the British capital no longer wants to invest a large amount of money for the shares in their hands, but there are other reasons. Once the capital is increased and the shares are expanded, even if Lin Baicheng and others subscribe for the corresponding shares, the vast majority of the shares held by retail investors will definitely not be subscribed. This will make it easier for Lin Baicheng to acquire enough shares for absolute control.
Another point is that capital increase and share expansion can easily lead to a decline in the company's stock price, especially when the company does not seem to be in a good situation. They do not want Hong Kong Electric Group's stock price to remain depressed for a long time.
Unlike Hutchison Whampoa, the reason why Hutchison Whampoa’s capital increase and share expansion did not cause the stock price to fall is because Hutchison Whampoa made huge profits and the market has greater expectations for Hutchison Whampoa’s future, so the capital increase and share expansion will only Let more shareholders subscribe for shares.
The Hong Kong Electric Group now seems to have seen its stock price rise sharply because of Lin Baicheng's struggle for control with British capital. But for a company, in the long run, the overt and covert fighting among the company's shareholders will only make the company go downhill. Therefore, the long-term future of the Hong Kong Electric Group It’s hard to be confident about development.
Unless the control of Hong Kong Electric Group comes to an end, the losing party completely withdraws from the company, and the company is controlled by one party alone, then it is almost the same.
Shi Yadi Shihuaiya said solemnly: "If the company lacks funds for development, it can find a bank loan. With the company's current scale and good debt situation, it is no problem to borrow a sum of funds from the bank for development. "
"Mr. Lin, if you are worried that the company will not be able to get the loan, leave this matter to us. We will not let the company suffer."
Henry Kasik added immediately, preventing Lin Baicheng from using the bank as an excuse to refuse the loan.
After hearing what the two said, Lin Baicheng said: "But bank loans require interest, and the interest is not cheap. As the company's major shareholders, we should each contribute some money for the company's development."
John Ma Cheng objected: "Increasing capital and expanding shares will only harm the interests of small shareholders. We cannot do that."
Lin Baicheng immediately responded: "As long as the subscription price of our additional issuance is within the acceptable range of shareholders, there will be no impact. Hutchison Whampoa is the best example."
"Mr. Lin, how many additional shares are you planning to issue?"
Shi Yadi Shihuaiya asked. He wanted to know the scale of Lin Baicheng's additional issuance.
"The company's current total share capital is 1.31 billion shares, so let's issue an additional 190 million shares to make up 1.5 billion shares."
Lin Baicheng expressed his plan. The ratio was not low, but it would not be too much. Even if the British capital did not cooperate, it would not lead to the failure of the additional stock issuance.
After hearing this, Shi Yadi Shihuaiya said: "For 190 million shares, even if the additional issuance price is only 5 Hong Kong dollars per share, it is nearly 1 billion Hong Kong dollars. The company simply cannot use that much money."
Lin Baicheng said: "The company also needs to grow and develop. Since we have decided to increase capital and expand shares, we simply need to raise more money. In addition to building factories in the mainland, the company can also operate other businesses and open up new profit channels."
"I still think that there is no need for Hong Kong Electric Group to increase capital and expand shares. Even if it needs to increase capital and expand shares, it can only raise 200 to 300 million Hong Kong dollars." The person who spoke out this time was Henry Kaiser.
"Since everyone has different opinions, let's hold a vote."
Lin Baicheng was not going to explain any more. Anyway, he would definitely not be able to convince the four British people, so there was no need to waste time.
"Okay, let's take a vote."
When Shi Yadi Shihuaiya said this, he suddenly opened his right hand and shook it.
"What does it mean?"
Lin Baicheng couldn't help but frown slightly when he saw this. He didn't think Shi Yadi Shihuaiya would do that for no reason. Maybe he was hinting something to someone. And that person was, not surprisingly, the director who was originally on his side.
However, the arrow had to be fired, so Lin Baicheng still asked the directors to vote.
Lin Baicheng himself naturally agreed with the proposal to increase capital and shares, followed closely by Sun Kai, Zhao Feifei and Que Gui, so there were four votes.
Levi's also voted in favor, siding with Lin Baicheng.
When Lin Baicheng and others looked at Grant and Fred, they did not express their stance and did not raise their hands to agree with Lin Baicheng's motion.
"damn it!"
Seeing this, Lin Baicheng didn't know that there was a problem between the two of them, and it was probably related to Shi Yadi Shihuaiya's previous actions. Either that was the secret code agreed upon by both parties in advance, or Shi Yadi Shihuaiya temporarily increased the price, so the two of them were moved.
Upon seeing this, Levis said: "Grant, Fred, Mr. Lin holds the largest number of shares in the company, he is the boss of the company."
Grant and Fred couldn't help but hesitate after hearing this.
"The benefits obtained are the most important, and since we have more people, Mr. Lin can no longer control the board of directors."
Shi Yadi Shihuaiya quickly spoke up to prevent Grant and Fred from going back on their word.
"Let's take a vote!"
Lin Baicheng's face looked a little ugly, but fortunately he calmed down and did not ask Grant and Fred why they betrayed him, because it was meaningless now.
"We do not agree to increase capital and expand shares."
Four people from the British capital expressed their views one after another.
"I don't agree either." "Me too."
Grant and Fred didn't think twice. Now that they had made a decision, they had to go to the end.
After the two expressed their stance, Shi Yadi Shi Huaiya said to Lin Baicheng: "Mr. Lin, you have also seen that more directors are not in favor of the company's capital increase and share expansion, so this motion will not be passed."
"I know."
Lin Baicheng did not lose his composure. He said: "In that case, let's go here for today's board of directors."
"etc!"
Shi Yadi Shihuai Ya spoke up immediately, he said: "Mr. Lin, we are not very satisfied with the management ability of the company's management. I feel that the company's management has some inaction, especially Reeves, so I propose to remove Reeves." Let's choose another person to fill the position of the supervisor." Since Reeves is not on their side, he is an enemy, and he naturally has to find a way to drive him away.
Levi's face looked a little unhappy, but he didn't defend himself.
"The Hong Kong Electric Group has developed very well under the management of the company's management in recent years, far surpassing the CLP Power Company. Therefore, Director Swire's doubts have no factual basis. We cannot neglect talents who have made important contributions to the development of the company. Therefore, as the chairman of the company, I reject Director Schweizer’s proposal.”
Of course Lin Baicheng wants to protect Levi's, after all, Levi's is on his side.
"Since Mr. Lin insists, we will give Levi's senior class some more time and hope he can produce results."
Shi Yadi Shihuai Ya did not insist on kicking Levi's away. After speaking, he changed the topic: "As the company's major shareholders and directors, we have the right to arrange people to work in the company to protect our interests, so I want to recommend a few people here. .”
Lin Baicheng said: "Four of you, you are not directors of the company yet. I think if you have any proposals, you can wait until after the shareholders' meeting and you officially become directors of the company before you put them forward."
Henry Kaiser asked aloud: "So, Mr. Lin, when will you convene the shareholders' meeting?"
"I will hold a shareholders' meeting next week at the latest."
Although Monday next week is still the last day of the year, Lin Baicheng will definitely not delay the time until then.
"Well, we look forward to the company's shareholders' meeting."
British capital does not require Lin Baicheng to convene a shareholders' meeting immediately. Over time, they will have more room to operate, such as continuing to poach someone from the management directors to their side.
Even if there is no board of directors on their side, HK Electric Group still has other management, and winning over other management will also be beneficial to their control of HK Electric Group.
After the board meeting ended, the four British people got up and left. Grant and Fred immediately got up and left. They had no shame and did not dare to stay and face Lin Baicheng.
Lin Baicheng and others did not leave the conference room immediately.
Levi asked aloud: "Mr. Lin, what should we do next?"
"Keep an eye on some companies for the time being, and I will make specific arrangements."
Lin Baicheng already had a plan. Since Grant and Fred dared to get closer to British capital, don't blame him for being rude.
If you don't kill the chicken to scare the monkey, it will be difficult to lead the team.
"Okay, Mr. Lin."
After hearing what Lin Baicheng said, Levis didn't ask any more questions.
Lin Baicheng warned: "Levis, what you have to do is to stabilize the company, prevent the company from being turbulent, and prevent things that harm the company's interests from happening."
"Don't worry, Mr. Lin, I will keep an eye on you." Levi's assured immediately.
"Then let's do this for now."
Lin Baicheng stood up as he spoke, and Qin Lan followed him out of the conference room.
After returning to the office, Lin Baicheng called the Hong Kong government and asked for help. He has already thought about how to deal with Grant and Fred, and he believes that this method is absolutely effective and can definitely achieve his goal.
Even if British capital intervenes, Lin Baicheng can achieve his goal.
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