We're building a super chaebol in Hong Kong
#365 - What should I do?
Hearing Zhang Qizheng's question, Su Cheng smiled and said, "Don't rush, I need to handle some things first."
Taking over Hong Kong Electric Group is a major event.
After all, Hong Kong Electric Group is also a top-tier listed company in Hong Kong with assets worth billions. Taking it over so hastily would lead to many problems.
Su Cheng didn't plan to manage Hong Kong Electric Group personally, so the helmsman of Hong Kong Electric Group had to be determined first, at the very least.
However, the British have always looked down on Chinese people, so it's unknown whether this Mr. Budd would be willing to continue managing Hong Kong Electric Group.
Also, he had to thoroughly investigate Hong Kong Electric Group's finances. Before this, the company was almost entirely controlled by the management team led by Budd. Who knows if there were any problems within.
After all, even the founder of Nami Entertainment secretly embezzled the company's funds over the years, thanks to his position as chairman, which led to Nami Entertainment's stagnant development.
As for Budd, the chairman of Hong Kong Electric Group, who knew if he had used his position to make extra money.
So, even if he was willing to continue managing Hong Kong Electric Group, Su Cheng had to investigate his background thoroughly. Otherwise, he wouldn't feel at ease using him.
As the saying goes, 'Trust the person you employ, but investigate before you employ.' You must investigate the background thoroughly before you can achieve that.
If Budd was not suitable to continue serving as the manager of Hong Kong Electric Group, then Su Cheng would definitely find an outstanding successor.
These all take time.
Therefore, Su Cheng was not in a hurry to directly take over Hong Kong Electric Group.
Anyway, Hong Kong Electric Group had now completely become Su Cheng's holding company. Hong Kong Electric Group could no longer escape his grasp, so there was no need to rush.
This was confidence.
After hanging up the phone with Zhang Qizheng, Su Cheng was in a very good mood.
Now, in Hong Kong, among the major British-owned enterprises, he had already taken over Hutchison Whampoa and Hong Kong Electric Group, and he was also the second-largest shareholder of another major British bank, Wharf.
In the past, becoming a major shareholder of even one of them was something that Hong Kong Chinese people wouldn't dare to imagine.
But now, he had taken over these major British-owned enterprises one after another.
When Su Cheng truly took over Hong Kong Electric Group, the media in Hong Kong and even Southeast Asia would definitely be buzzing again.
Seeing Su Cheng come out of the study with a smile on his face, Ajiao asked with a smile, "Young Master, what's making you so happy?"
"Your Young Master has just taken over a listed company, of course I'm happy," Su Cheng said with a smile.
Now that Hong Kong Electric Group had been completely taken over, even if this matter was leaked, it wouldn't have much impact on Su Cheng.
Therefore, Su Cheng didn't need to keep it a secret at all.
Moreover, he didn't say which company it was.
"Congratulations, Young Master!" Ajiao and Amei said in unison.
Listening to the congratulatory voices of the two delicate beauties, Su Cheng felt even more comfortable.
Meanwhile, the senior executives of Hong Kong Electric Group went home with heavy hearts.
Today, they had discussed for an afternoon, but they hadn't come up with any good ideas.
In the end, everyone agreed that they could only wait to find out who the other party was before they could come up with targeted solutions.
Budd, the chairman of Hong Kong Electric Group, also went home with a dark face.
When he returned home, his wife wanted to comfort him, but she didn't know how to start, because Budd never talked to her about company matters.
And so, the night passed peacefully.
The next morning, many mainstream Hong Kong newspapers and media outlets, including "Oriental Daily News", "Hong Kong Commercial Daily", "Knight News", and "Sin Chew Daily", reported on the abnormal situation of Hong Kong Electric Group in the stock market.
These media outlets speculated about the movements of Hong Kong Electric Group's stock market, wondering who was targeting Hong Kong Electric Group.
In Hong Kong, only a dozen or so consortia had the strength to spend hundreds of millions of Hong Kong dollars to acquire stocks at once.
As for others, even if they had hundreds of millions of Hong Kong dollars, it was impossible for them to only acquire this small amount of shares.
After all, ordinary billionaires would definitely invest with the goal of becoming a major shareholder or even taking control. Companies like Hong Kong Electric Group were simply beyond the reach of ordinary wealthy people.
Many suspected wealthy individuals or consortia became the subject of media speculation.
Among them, Su Cheng was also one of them.
After all, if you were to ask who had the most money in Hong Kong today, even a three-year-old child would know that it was the famous Su Cheng.
However, they had no evidence, so naturally, they couldn't determine who was targeting Hong Kong Electric Group.
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Before this, although the trading volume of Hong Kong Electric Group in the stock market had been very stable, the media rarely paid attention to it.
Because Hong Kong Electric Group was different from Wharf, Hutchison Whampoa, and Jardine Matheson, it didn't have a shareholder who could call the shots, so there weren't as many scandalous news stories usually.
Early in the morning, the streets and alleys of Hong Kong were abuzz with discussions about this matter.
As one of the world's three major financial centers, the financial industry in Hong Kong was very strong.
Therefore, citizens more or less understood these things.
"If it's another Chinese consortium making a move, I will definitely applaud them!"
"Yes, Hutchison Whampoa and Wharf have successively fallen into the hands of our Chinese consortia. I wonder what's going on with this Hong Kong Electric Group?"
"Based on my years of experience in stock trading, this hidden big shot must have already owned a lot of Hong Kong Electric Group shares before this. Otherwise, he wouldn't have needed to acquire them like this. If he had acquired them slowly, he wouldn't have needed to spend so much money!"
"I hope it's a Chinese consortium. We Chinese have always been looked down upon by foreigners in Hong Kong. Even if we immigrate to the UK, we are still second-class citizens. The stronger the Chinese are, the more confident we can be!"
Some retired old stock investors, deeply aware of the embarrassing position of the Chinese, prayed that this time, it would still be a Chinese operation!
Hong Kong, Causeway Bay, Hong Kong Electric Group headquarters building.
Just as Budd entered his office, he received a message.
"Chairman, we have found out that the behavior in the stock market yesterday was initiated by Tianyuan Investment Company. They acquired a total of 6.43% of Hong Kong Electric Group's shares in the stock market yesterday. These shares alone have already made them a major shareholder of Hong Kong Electric Group," the intelligence source reported to him.
Hearing this news, Budd could no longer sit still.
Everyone knew that Tianyuan Investment Company was Su Cheng's private investment company.
Previously, Su Cheng used Tianyuan Investment Company to secretly acquire shares of Wharf and Hutchison Whampoa.
He didn't expect that it would be Hong Kong Electric Group's turn now.
In fact, this was because it was no longer necessary to be so secretive now. Otherwise, Budd's intelligence personnel would not have been able to find out these things at all.
"What should we do?" Budd muttered to himself in the office, agitated.
Yesterday, when the news came, his first reaction was to pray that the mastermind behind this was not Su Cheng.
He didn't expect that it was really him!
Everyone knew that Su Cheng had a lot of money. If he was targeted by him, then the fate of Hong Kong Electric Group would be obvious.
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