Chapter 405 Finally reached an agreement
“Since Mr. Governor has said so, I am not a ungrateful person. I can give up the power supply rights in these places on behalf of Hong Kong Electric Group, but Mr. Su must also agree. I have some conditions!" Lawrence Kadoorie sighed and then said.
He knew that it would be of no use if he continued to struggle. If pressed hard, Su City might actually go into a takeover war.
Since everyone has to agree, it is natural to strive for more protection for the Kadoorie family.
Otherwise, if we annex the three places of Outlying Islands, Tuen Mun and Sai Kung this time, won’t we have to annex Shatin, New Territories, Tai Po and other places next time? In the next step, if even Kowloon City is swallowed up, then CLP Power can declare bankruptcy directly!
"Mr. Lawrence Kadoorie, please tell me, as long as it's not a big problem, I will agree." Su Cheng said with a smile.
Now that he has been persuaded to give up Outlying Islands, Tuen Mun, and Sai Kung, his goal this time has been achieved.
"Mr. Su should own 20.7% of China Power's shares. I hope Mr. Su will sell 10.7% of them to us." Rowlands Kadoorie said directly.
If 10.7% of the shares are taken from Sioux City, then the Kadoorie family will hold 50.7% of the shares of China Power. In this way, no one will be able to take China Power away from them in the future.
"Of course, if Mr. Lawrence Kadoorie wants it, I can sell it to you at the market price." Su Cheng said with a smile.
"No, no, no, the current price is fictitious. It is impossible for us to purchase your stock at the market price. In this case, the cost to us will be too high. I hope Mr. Su will sell it to us at the purchase price." Kadoorie said quickly.
Since the news spread that Sioux City wanted to acquire China Power, China Power’s stock has more than doubled in just two days, and it is still rising.
If Lawrence Kadoorie acquires stocks at the current market price, they will have to pay more than double the price, which is unacceptable to the Kadoorie family.
Sioux City originally spent 400 million Hong Kong dollars to acquire 12.5% of the shares from three British people. This was a much lower price than the previous market price. If the 12.5% of the shares were used today Calculated by its market value, it is already worth about HK$1.2 billion.
This means that if the Kadoorie family wants to acquire 10.7% of Suzhou City's shares at market prices, they will need to pay more than 1 billion Hong Kong dollars. This is definitely not the case for Rowlands Kadoorie. I am willing to suffer this loss.
"Mr. Rowlands Kadoorie, that's impossible. Purchasing stocks is equivalent to our investment. The investment must have a return. If we sell it to you at the original price, wouldn't our work be in vain? I might as well slowly sell these stocks Put it on the market and sell it. Of course, even if I keep holding these stocks, it doesn't matter. Anyway, I will promise you that I will not increase my holdings of China Electric Power shares in the future, so you don't have to worry about me competing with your Kadoorie family for China Power. China Electric Power’s dividends are pretty good, and it won’t be a loss if you keep holding on.” Su Cheng said with a smile.
"Business is one business. I can promise you not to continue the acquisition of CLP Power in exchange for the power supply rights in Islands, Tuen Mun and Sai Kung. However, stock trading is another business. I It is impossible to give up hundreds of millions of Hong Kong dollars to trade with you, after all, money is not easy to make!" After thinking about it, Su Cheng said again.
"Mr. Su, we cannot accept buying at the current price. We have already given over Tuen Mun, Islands, and Sai Kung to you. We have already suffered a huge loss. If you continue to embarrass me like this, I will not be able to tell my family." Explain to the company." Lawrence Kadoorie sighed again.
The feeling of being manipulated by a young man in his early twenties made Lawrence Kadoorie feel a little broken. "Well, let me make another concession to you. I will sell 10.7% of the shares of China Power to your Kadoorie family for HK$800 million. You will save 200 million to 300 million, and I will earn 200 million less. This is considered a concession by one person. You But if you think about it, it is quite difficult to acquire 10.7% of the equity in the market now. If I miss this opportunity, I will no longer sell my shares. When the time comes, I will keep holding your China Power shares and get dividends. , It’s also quite fragrant,” Su Cheng said with a smile.
Laurence Kadoorie considered.
If there had been no acquisition this time, it would have been a risk for Su Cheng to hold 20.7% of the shares. Who knows whether he will take advantage of China Power again in the future?
Secondly, in today’s stock market, as Su Cheng said, because a lot of stocks were secretly acquired by Tianyuan Investment Company, even if the prices gradually fall in the future, it is impossible for so many people to bet on the low price. It was sold at a high price. It was not easy for them to acquire so many stocks on the stock market.
The capital of 800 million Hong Kong dollars, although Kadoorie still suffered a huge loss, is already much lower than the current stock price. Although the price is ridiculously high, it is not the acquisition of 100% of the equity, it is 300 million more Hong Kong dollar, they can only admit defeat.
Thinking of this, Lawrence Kadoorie stood up and said: "Mr. Su, I can promise you, but I hope to sign the contract now at the Governor's Mansion to implement what we have negotiated today. Everything is completed through the signing of the contract, let Mr. Governor also bear witness!”
"As you wish!" Su Cheng smiled and nodded.
Using 400 million Hong Kong dollars to acquire 12.5% of the shares from shareholders, and another 300 million Hong Kong dollars to acquire 8.2% of the shares from the stock market, Sioux City only spent 7% to acquire the 20.7% of the shares. Just HK$100 million.
Now, only 10.7% of it is sold, and 800 million Hong Kong dollars are obtained. This business is still very profitable.
Moreover, many market makers are still speculating on the shares of Hong Kong Electric Group in the stock market. Sioux City can also ask Zhang Qizheng to take advantage of the current popularity to sell the remaining 10% of China Electric Power Group shares quickly. Earn a sum of money, this time, just from stocks, you will make a lot of money! Not to mention that it also won the three major sites of Tuen Mun, Sai Kung and Outlying Islands for Hong Kong Electric Group.
Tseung Kwan O and Clear Water Bay are undergoing large-scale development. It is impossible for Sioux City to let China Electric Power supply power. It is safer to use its own electricity on its own site. After all, many of the companies under Sioux City will own it in the future. In a high-tech laboratory, if there is a power outage, the damage to the company will be very great. If you supply your own power, you should at least give priority to ensuring the power consumption of your own site.
The same is true over there in Tuen Mun.
"Now that you have settled the negotiation, I will arrange a contract for you right away." Seeing that the two of them finally reached an agreement, Mailihao said with a smile.
Subsequently, with the help of the legal staff of the Governor's Mansion, the contract was quickly drawn up, and then the two of them formally signed their names on it under the witness of Mailihao.
With Governor Maliho as a witness, the two of them were not afraid of the other party going back on their word.
(End of this chapter)