Chapter 113 Eyeing the Hong Kong Electric Group
The purchase of crude oil was confirmed, and Sioux City breathed a sigh of relief.
He has been preparing for this for a long time. Unless he makes more than several billion, it will not be worthy of his efforts.
"By the way, boss, I have something to report to you." Zhang Qizheng said suddenly.
"Oh? You said." Su Cheng asked curiously.
"You should know about Xiangjiang Electric Lighting Group, right?" Zhang Qizheng asked.
"Of course I know, it is one of the two major power supply companies in Xiangjiang, and it is said that their family has a lot of land on Xiangjiang Island." Su Cheng said with a smile.
The Heung Kong Electric Group was formerly known as the Heung Kong Electric Company. It was founded in 1889 and is referred to as the Hong Kong Electric Group. Its power supply mainly covers Xiangjiang Island, Ap Lei Chau and Lamma Island. It is the oldest electric power company in the world. One of the companies.
The other power supply company is China Electric Power, which supplies power to Kowloon and the New Territories in Hong Kong, as well as Lantau Island, Cheung Chau and some small islands.
“The Nanyang Refinery we bought is not on Lamma Island. G.M.B. Salmon, the person in charge of Xiangjiang Electric Group, contacted us. Due to the increasing shortage of power, they need to build a larger one that can use fuel flexibly. power plant, they are interested in the location of the Nanyang Refinery on Lamma Island and hope that we can sell that land to them," Zhang Qizheng said.
At the same time, he also took out a few pages of information and handed them to Su Cheng.
"These are the information I investigated from Brother Wu. Boss, please take a look." Zhang Qizheng said.
Su Cheng nodded and started reading the information.
It turns out that the former power station of Hong Kong Electric Group was located in North Point, which is the North Point Electric Power Station not far from Tian Yuan Building.
Since the 1950s and 1960s, North Point has gradually developed into a dense residential area due to its proximity to the city center. Therefore, it was decided to relocate the power plant and eventually built it on Ap Lei Chau in the south of Xiangjiang Island. Large oil-fired power plants.
However, with the gradual rise of Xiangjiang's economy, more and more electricity is used on Xiangjiang Island. Coupled with the outbreak of the oil crisis in 1973, Xiangjiang implemented energy control at that time. As a result, Ap Lei Chau Power Station, which uses fuel to generate electricity, often suffers from insufficient power supply. .
So, Hong Kong Electric Group now wants to build a power plant that can use fuel flexibly to support the power supply of Xiangjiang Island.
The Pineapple Tsui on Lamma Island has become the target of Hong Kong Electric Group.
In the information, it is reminded that the Hong Kong Electric Group is a very profitable enterprise. In addition to power supply, it also has diversified development, including real estate development and management, technical services, retail, and advertising. and financial and other operations, with strong ability to make money.
Due to the long history of Hong Kong Electric Group, they own many land parcels, such as the former site of the North Point Electric Road Power Plant, No. 8200 Inner Section of Jardine's Lookout, many lots in Tsuen Wan, and many more.
These places were very remote in the past, so Hong Kong Electric, the electricity company at that time, easily held these land parcels.
But with the urban development of Xiangjiang, these places have already become urban areas, and their value has increased countless times.
Especially the former site of the North Point Electric Road Power Plant and No. 8200 Jardine's Lookout Inner Section, these two pieces of land are valued at more than HK$2 billion.
Furthermore, as a publicly listed company, Hong Kong Electric Group has never had a major family shareholder.
Su Cheng's eyes lit up when he saw this.
Why did he plan for five years just to win Hutchison Whampoa? Wasn't it because he was interested in Hutchison's land?
In the future, land in Xiangjiang will be more expensive.
We can try to acquire the Hong Kong Electric Group. You must know that the electricity business is almost monopolized. Just like the north side of Hong Kong is monopolized by China Electric Power Company, and the south side is monopolized by Hong Kong Electric Group. There are no other competitors at all. The result is that this business is guaranteed to make profits without losing money.
Last year, Hong Kong Electric Group's comprehensive net profit reached HK$684 million, of which profit from electricity sales reached HK$411 million, and profits from other real estate, financial management, retail, etc. industries reached HK$273 million. The Hong Kong dollar accounts for 40% of the profits of the entire Hong Kong Electric Group.
It can be seen that Hong Kong Electric Group's businesses other than making profits from selling electricity are also very profitable, and it is a public utility company with great potential for development.
It can be said that with the income from electricity sales, holding HK Electric Group's stocks will only make a steady profit without losing money.
Nowadays, Hong Kong Electric Group does not have an actual shareholder controller. Isn’t this a good opportunity to start!
"How much did they bid?" Su Cheng put down the information and asked with a smile.
“I am very sincere and bid HK$5 million directly.” Zhang Qizheng said with a smile.
Su Cheng nodded, indeed very sincere.
You must know that when they purchased Nanyang Petroleum Company in June, they only spent more than 2 million Hong Kong dollars. Now it is only August. In less than two months, they have made a profit of 100%. times, it can be seen that HK Electric Group is determined to buy that piece of land.
Su City also learned from Xiao Ai that according to the original historical development trajectory, Hong Kong Electric Group has also decided to build a power plant in Boluozui, Lamma Island this year, and in order to build a larger scale, it will In the form of land reclamation, a lot of land was expanded outwards. Finally, the Lamma Island Pong Luo Tsui Power Plant started operations in 1982.
After understanding this history, Su Cheng couldn't help but feel that this was such a coincidence.
If Sioux City had not bought the Nanyang Petroleum Company, the Hong Kong Electric Group would have easily acquired the land at Pineapple Tsui to build a power plant.
Now that they have bought Nanyang Petroleum Company in advance, if they want to build a power plant there, they must obtain their consent.
“Tell them that you can sell it to them, but you have to wait until early next year.” Su Cheng said.
Currently, the Nanyang Refinery on Lamma Island has built a small number of oil storage tanks, and there are complete refining equipment there. Naturally, it cannot be sold to Hong Kong Electric Group in such a hurry.
After a period of time, after the refining equipment there is gradually relocated to the Tuen Mun Oil Base, all the crude oil in the oil storage tanks will be sold out, and it can be sold to the Hong Kong Electric Group.
“Okay boss, I will reply to the person in charge of HK Electric Group later.” Zhang Qizheng replied.
"Do you know the current stock price of Hong Kong Electric Group?" Su Cheng asked.
“Understand that the current issuance of HK Electric Group shares is 630 million shares, and the stock price per share fluctuates between HK$5.8 and HK$6.2. Moreover, due to the large number of ordinary small shareholders, the shares of HK Electric Group are circulating in the market. Sex is very important," Zhang Qizheng said with a nod.
The share price per share is around HK$6, and there are 630 million shares in total. In other words, the current market value of HK Electric Group on the stock market is less than HK$4 billion.
With its profitability, this is indeed a rare high-quality stock.
Such a listed company has no family shareholders to control it. It would be a shame not to acquire it.
"Starting from today, you will reorganize a trading team and secretly absorb HK Electric Group's shares in the stock market at low prices. Just like Hutchison, you must make acquisitions in the market without others knowing, keeping confidentiality It's very important. I'll transfer 200 million Hong Kong dollars to Tianyuan Company's account first. If you run out of money, come back to me," Su Cheng said directly.
Where to purchase crude oil, since the actual purchase price was lower than the original price, it also saved Su City a lot of money. This money can be used just right.
(End of this chapter)