People in Hong Kong create super chaebols

Chapter 410 The news came too suddenly
At 12 a.m. on December 20, the CLP Power headquarters in Argyle Street, Homantin, Kowloon, Hong Kong.

Today, many reporters and media came here. These people were naturally invited by the Kadoorie family.

After the negotiation was completed, the Kadoorie family was completely relieved. Although they suffered a lot, the overall impact on the future of the family was not significant.

In the past few days, the news that Su Cheng, the world's richest man, is planning to acquire China Power has become more and more intense.

Therefore, after receiving the invitation from CLP Power, all the media arrived at the headquarters of CLP Power on time.

Since a press conference is to be held, there must be something big that needs to be announced to the people.

Could it be that Mr. Su Cheng completed the acquisition of China Power?

This is what many people think.

After all, in the eyes of many people, it should not be difficult for Sioux City to win over China Power.

Sure enough, these media reporters saw Su Cheng on the rostrum of the press conference.

However, today, Su Cheng did not sit in the central position of chairman, but sat next to Michael Kadoorie.

"Everyone, I am here today to announce the news to you that our Kadoorie family has continued to increase its shareholding in China Power. Currently, the shares in our hands have reached the standard of controlling China Power. From now on, we, Kadoorie, will The family will continue to be at the helm of CLP Power Corporation and safeguard the power supply of the Kowloon Peninsula." Rowland Kadoorie said calmly into the microphone without showing a trace of complacency.

After all, the Kadoorie family previously held 40% of the shares of CLP Power. The reason why they have not increased their holdings is because they feel that with this share of equity, no one should be able to challenge their Kadoorie control of CLP Power.

Unexpectedly, a reckless man named Su Cheng came and wanted to take away China Power from them with abundant funds.

Fortunately, Sioux City's action was finally stopped after Laurence Kadoorie approached Governor Malihose and received the help of Mr. Malihose.

In fact, the Kadoorie family did not gain any benefits from this business competition, but instead paid a heavy price.

In such a situation, how could Laurence Kadoorie laugh out loud!
Hearing what Rowlands Kadoorie said, the reporters at the scene all looked very surprised.

Since Laurence Kadoorie has increased its holdings in CLP Power Corporation to 50.7%, it is impossible for Sioux City to acquire CLP Power Corporation.

Does this mean that Su City finally failed?

Previously, in the Wharf competition, although Su Cheng seemed to have given up, the profits he made from it were very large. Therefore, no one would think that Su Cheng really failed in that competition. On the contrary, he was fair and honest. Provoked competition from Wharf, secretly but unexpectedly captured Hutchison Whampoa Group to show appreciation.

This is the master!

After that, Sioux City’s series of business operations never failed.

Could it be that Sioux City’s undefeated myth is about to be defeated?
Everyone has this idea.

And it’s even more incredible.

After all, everyone knows that Su City's current book cash flow is very terrifying, comparable to the stored funds of large banks.

However, this high-profile publicity to acquire China Power failed in just a few days?

But, looking at the look on Laurence Kadoorie’s face, it doesn’t look like him, right?If he defeated Su Cheng head-on, logically speaking, he should be all smiles.

But looking at his expression now, he doesn't look like a winner at all.

This matter is a bit confusing.

People at the scene were talking a lot and looked towards Su City, hoping to get answers from Su City.

Lorenz Kadoorie didn’t want to say too much, because in this competition, except for the Kadoorie family’s shareholding in CLP Power increasing from 40% to 50.7%, all other conditions were considered satisfactory to the Kadoorie family. What a shame!

However, as a listed company on the Hong Kong Stock Exchange, CLP Power has no choice but to announce specific matters to the public.

Therefore, Lawrence Kadoorie planned to let Su Cheng speak these things himself. It was too uncomfortable for him to say it.

The microphone was also moved to Su Cheng.

At this moment, everyone at the scene stopped the discussion with a tacit understanding, and all eyes turned to Su Cheng.

"Hello everyone, we meet again. Today I met many old friends." Su Cheng said with a smile.

HK Electric held a press conference not long ago to announce the departure of Bader and the appointment of Wei Li.

Basically, all the reporters who participated last time came to CLP Power this time.

The crowd applauded, and then continued to wait for Su Cheng's words.

"Everyone knows that I want to win over CLP Power this time, because I am very optimistic about the development prospects of CLP Power, and I have made some money in crude oil. I can't just leave this money, right? So it was the most suitable investment, so I set my sights on China Power." After Su Cheng said this, the audience burst into laughter.

Made some money in the crude oil market?joke!

This is not a small amount of money, but worth tens of billions of Hong Kong dollars. Although it should not be sold out yet, it does not delay its true value at all!
When everyone became quiet again, Su Cheng continued: "Originally, I was full of confidence in the acquisition of China Power, but for this acquisition, I received a request from the government. The government does not want all power supply companies in Hong Kong to be controlled by one person. Therefore, I had to stop this acquisition. As a Xiangjiang person, I respect all relevant policies of the Xiangjiang government.

Although I failed to acquire China Electric Power, I was not without gains. This time, through the mediation of the Governor, Mr. MacLehose, the Tuen Mun, outlying islands, and Sai Kung areas of Hong Kong will be included in the power supply scope of Hong Kong Electric Group. In the future, the power supply in these places will The power supply will be provided by the Hong Kong Electric Group. I am also very grateful to CLP Power for its courtesy. I also hope that the Hong Kong Electric Group and China Electric Power can work together to develop together in the future.

At the same time, I also promise here that in the future, without the approval of the government, as long as I control the Hong Kong Electric Group, I will not have any more ideas about China Power. Half of the China Power that I have controlled during this period has now been sold to The other half of the Kadoorie family has also returned to the stock market. "

After Su Cheng finished speaking, everyone at the scene was shocked.

China Power, has it lost the power supply rights to the three major sites?
Moreover, Mr. Sioux City actually sold off all the shares of China Power Holdings he held without a word, so this means that China Power and Sioux City no longer have a dime relationship.

In this way, is there any room for speculation in China Electric Power's stock?

Such an ending was beyond everyone's expectations.

Such news came too suddenly.

(End of this chapter)