As soon as this question came out, Bao Yugang and Huo Yingdong both stopped eating and drinking, and looked at Xia Yu intently.
"Xia Yu, do you plan to acquire the Hongkong Electric Company?"
Bao Yugang asked.
Xia Yu admitted frankly: "Yes, I have this idea."
Bao Yugang suppressed the surprise in his heart and nodded in response: "My Lufeng International Company holds 7.6% of the shares of the Hongkong Electric Company. Transfer it to you. When I go back, I will let someone sort out the situation."
"Old Bao, thank you very much!"
Xia Yu smiled and said gratefully.
"Why don't we both say thank you, that's not the case!"
"By the way, Xia Yu, after MacLehose came back from the north, some British capitals are now uneasy and ready to withdraw to the UK. Several directors of the Hongkong Electric seem to have this tendency, should I come forward to help you buy it?"
Bao Yugang waved his hand and smiled, then suddenly thought about it and said to Xia Yu.
As one of the directors of the Hongkong Electric Company, although he is a relatively ordinary one and does not care about the operation of the company, for so many years, because he has been indifferent to the outside world, he has a good relationship with the directors of the company, whether it is British or Chinese. That's all.
Now that Xia Yu intends to acquire the Hongkong Electric Company, he is naturally willing to help if he can help.
After all, Xia Yu has been helping him for so long, and he owes a lot of favors. Although Xia Yu doesn't care, he has to keep it in his heart. He hasn't paid it back, and he is unhappy.
Seeing Bao Yugang helping Xia Yu, Huo Yingdong certainly couldn’t remain indifferent. He happened to be able to help. Hongkong Electric has three Chinese shareholders, two of whom have a good relationship with him. One of them is still a fellow, but The Hongkong Electric is just the company they invest in.
Huo Yingdong admitted that for his face, it shouldn't be a problem to win the shares of the two people in the Hongkong Electric Company.
Therefore, Huo Yingdong immediately said: "Xia Yu, I should be able to help with this. I will come forward and buy some for you."
Xia Yu beamed with joy and said, "That's good, Lao Huo, thank you!"
"No need! You have helped me so much, and I have never had a chance to help you, so I feel so bored!"
Huo Yingdong said with a smile.
"Lao Huo is right. We have been guided by you, and our conscience can't get through!"
Bao Yugang said in a joking tone, and Xia Yu couldn't help laughing.
"Haha..."
"Then I won't say anything, I wish our friendship last forever!"
Xia Yu said, raising the beer, the three of them met and drank gulps.
After drinking, the three chatted about the Hongkong Electric.
"Xia Yu, before the HEC was one of the top ten British-owned companies, but now it seems that the stock price has fallen a lot. Are you going to buy electricity or supplement your real estate strength?"
"Either. The Hongkong Electric has a large number of plots with great value. Coupled with the sharp increase in oil prices, the cost of its power generation has risen sharply. On the contrary, the stock price has fallen against the market, which is suitable for acquisition."
Xia Yu explained that he did not hide it.
Since Bao Yugang and Huo Yingdong are planning to help him with the acquisition, they will definitely not be robbing the Hong Kong Island company, so it's okay to tell them.
Besides, after the battle of Xia Yu annexing Wharf, many Chinese companies in Hong Kong knew that many British companies were of great value, but the key was that many Chinese capitals were not strong enough to do what Xia Yu did.
However, with the strength of Bao Yugang and Huo Yingdong, there is still a risk to directly collide with the original four major consortia, but the acquisition of the next level or even the next level of British-funded companies is completely okay. You can't offend Xia Yu and fight Xia Yu. Hongkong Electric Company.
The two nodded in understanding, and Huo Yingdong thought for a while and reminded him: "The Hong Kong Electric Company is now building a large oil-fired power plant on Lamma Island. The investment is huge. I heard that it is expected to be completed in 1981. Xia Yu, if you are interested in electricity In terms of the industry, why not buy CLP Power? CLP Power occupies more than 70% of the power market in Hong Kong. I heard that power plants are also being built now. It is very difficult for HK Electric to catch up with CLP Power!"
Xia Yu smiled faintly and said: "It doesn't matter, the market is low, the price is low. If the income is not so fast, the acquisition price is lower, but the Hongkong Electric has the power franchise on Hong Kong Island anyway, and it is a big deal to increase investment in the expansion of power plants."
"CLP Power is in the hands of the Kadoorie family, and the equity is not as scattered as the Hongkong Electric. It is too difficult to acquire."
There are only two giants in the power market in Hong Kong, namely, the Hong Kong Electric Light Company and China Light and Power Company Limited. Among them, the Hong Kong Electric Light Company was established earlier and was established in 1889. At that time, the entire Hong Kong economy and population were almost concentrated on Hong Kong Island. Land, the New Territories and Kowloon are very deserted, and the Hongkong Electric Company owns the power franchise on Hong Kong Island.
Later, because of the development of Hong Kong Island and the limited presence of the Hong Kong Electric Company on Hong Kong Island, the Hong Kong Electric Company began to diversify and enter the real estate industry and engineering construction industry. Electricity business is no longer the only pillar.
However, most of the power plants of the Hong Kong Electric Company are oil-fired power plants, which cause greater air pollution. The development of Hong Kong Island is getting better and better. The power plants located in the northern part of Hong Kong Island will have a greater impact on the health of residents in the urban area. Because of this, in September last year, under the intervention of the Hong Kong Government, the Hong Kong Electric Company was forced to relocate the power station near the urban area and then invest in the construction of a large-scale power plant on Lamma Island.
Originally, the overall environment of Hong Kong was not good. Even if the real estate industry is on the rise, it cannot withstand the sudden large investment in power plants. However, the Hong Kong government pressured and public opinion forced it, and even the existing power plants could not keep up with the power supply. Therefore, the Hong Kong Electric Company had to bite the bullet and invest in power plants.
Who knew that the revolution broke out in Iran, which caused the world's oil prices to skyrocket. Almost all of the existing power plants of the Hongkong Electric Company burned oil, which greatly increased the cost. However, the electricity price was fixed by an agreement with the Hong Kong government. The lamp company has similar revenue, but its profits have plummeted.
Even the power plant under construction on Lamma Island has cast a shadow over it.
The capital market is the most sensitive. Therefore, the Hong Kong Electric Company’s share price will fall against the market As for the other giant in the power industry in Hong Kong, China Light and Power Co., Ltd., established by Paul Chater, and gradually It was taken over by the Kadoorie family of the Xiangjiang Jewish family. After so many years, it has achieved holdings and has become one of the three major industries of the Kadoorie family.
China Light and Power Company was founded in 1922 and owns the power franchise in the New Territories and Kowloon. With the development, Hong Kong Island cannot accommodate so many people. The New Territories and Kowloon have been developed on a large scale, and the industrial area has also moved to the New Territories and Kowloon. As a result, the demand for electricity in the two places has skyrocketed, and the China Light and Power Company therefore accounts for more than 70% of the electricity market.
China Light and Power Corporation is also building a new power plant in Castle Peak, New Territories. It is in cooperation with Eastern Energy Co., Ltd., a subsidiary of Exxon Petroleum Company, a subsidiary of the Rockefeller Consortium. The Castle Peak Power Plant is a coal-fired power plant and is more environmentally friendly than oil-fired power plants.
Although it is more difficult to transport coal mines, coal-fired power generation is more stable than oil-fired power generation. After all, oil prices fluctuate much more than coal prices.
To be honest, Xia Yu also has eyes on the China Light and Power Co., Ltd., but as he said, it is quite difficult. After consideration, he still chose to put the HEC in his mouth first.
It just so happens that the Hongkong Electric is now at a low point due to various reasons. According to the historical trajectory, entering the 1980s, the Hongkong Electric will make rapid progress. Because of the real estate industry, the market value has exceeded 10 billion, making it one of the top ten British companies.
Such potential stocks of gold must of course be seized.
Besides, the electric power industry is a public service industry after all, and it involves people's livelihood. As long as the acquisition of the Hongkong Electric, Xia Yu's influence on Hong Kong Island will skyrocket, and thousands of households will be affected by him.
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