We're building a super chaebol in Hong Kong
#132 - HK Electric Group's Progress
In the evening, Su Cheng and Guan Jiahui, having spent the better part of the day at the water park, finally left Tseung Kwan O in high spirits.
The two had dinner together in Tsim Sha Tsui before slowly heading home.
Having spent so much time together, they inevitably had some physical contact in the water.
Eventually, they both got used to it.
When the DJ hyped up the entire crowd, couples seemed to have agreed beforehand to passionately kiss in the wave pool.
Under such an atmosphere, Su Cheng and Guan Jiahui's lips also met.
After spending two or three days together, Guan Jiahui had already completely fallen for Su Cheng; it could be said that their relationship had naturally progressed.
Their relationship had thus taken a further step forward.
Su Cheng was her 'dry' older brother, and also her 'romantic' older brother.
They only had one final step left to take.
Back at the Su family villa on Barker Road, Su Cheng saw several missed calls on the landline. He picked it up and saw that they were from Zhang Qizheng.
He wondered if Zhang Qizheng was still in the office.
Su Cheng tried calling back, and to his surprise, it was quickly answered.
After the call connected, Zhang Qizheng reported to Su Cheng everything he had discussed with the ship charterer.
At the same time, after returning to the Tianyuan Building office, he immediately contacted the engineering company there.
Based on the situation there, after discussing and assessing with the company on the phone, they gave a rough quote.
Because they had ready-made steel jacket boxes and caissons, if everything was confirmed, they could start construction immediately after the survey was completed.
The steel approach bridge could be directly customized in a Hong Kong factory and produced within a month.
It was estimated that if everything went smoothly, the crude oil terminal, which could simultaneously berth two VLCC supertankers, would be completed in about three months, with a cost of less than HK$20 million. Specific details would require further on-site investigation.
Zhang Qizheng said that he would go there tomorrow for detailed discussions.
"You've done very well. Although the crude oil terminal may not be ready in time for the crude oil we purchased this time due to the construction period, we will still need to sell our crude oil in the future. It would be very inconvenient without a crude oil terminal."
Su Cheng very much agreed with Zhang Qizheng's approach.
"Boss, you should find a professional executive in the oil industry to manage our Tianwen Petroleum Company as soon as possible. I'm just a novice in this industry; finance is my forte," Zhang Qizheng specifically mentioned.
"Okay, I'll find someone to replace you as soon as possible. It's really been tough on you to manage that temporarily," Su Cheng said with a laugh.
As the saying goes, professionals should do professional things. Zhang Qizheng, as an outsider, has been given a big responsibility these days, which is really difficult for him.
"Boss, please rest assured that I will do my job well until the new manager takes office," Zhang Qizheng assured.
"I know your character. By the way, how's the situation with HK Electric? Is there enough money? If not, I'll transfer more," Su Cheng asked about the affairs of HK Electric Group.
"There are a lot of retail investors in HK Electric's stock market, and the daily trading volume is relatively large. As for the price, because there haven't been any major fluctuations in the stock market recently, the ups and downs are not significant. In order to prevent people from discovering our intervention in HK Electric's stock, we are using multiple offshore company accounts to absorb HK Electric's stock, and only absorbing stocks below HK$6 per share. Currently, the average absorption price is HK$5.9, so the progress is not very fast. As of today, we have only absorbed about 30 million shares, spending about HK$177 million. There are still funds in the account, so you don't need to transfer money yet," Zhang Qizheng reported.
HK Electric Group has 630 million shares issued. Purchasing 30 million shares means that they currently hold about 4.76% of the total shares. This progress is definitely not slow; it's already very good, considering that it's only been ten days or so since the project team was formed.
"Very good. This matter must not be rushed. I've given you plenty of time," Su Cheng said with satisfaction.
Tianyuan Investment Company is indeed doing a very good job in the trading aspect.
Tianyuan Company originally had 300 million in funds. Although some funds were used later in the acquisition of other small companies, the funds were still very sufficient. In addition, Su Cheng transferred another 200 million HKD to Tianyuan's account last time, so although Tianyuan Company has spent another 177 million, the funds are indeed not lacking.
"Boss, you can rest assured and leave the covert acquisition to me. I guarantee that I will not disappoint you," Zhang Qizheng said confidently.
He is a professional in finance!
The phone connected, but it was not Director Liu who answered, but another voice that Su Cheng had never heard before.
"Which friend is looking for Director Liu? He is currently on a business trip in the United States. You can tell me if you have anything," a middle-aged voice said on the other end of the phone.
"I'm Su Cheng, from the Su Group. Since Director Liu is not here, I'll contact him when he returns. I won't bother you; I'll hang up now," Su Cheng said, preparing to hang up the phone.
"Mr. Su, please don't hang up yet. I'm Hong Zhiguang, the boss of Sanyang Headhunting Company, Director Liu's classmate. I heard him say before that you wanted to buy our company? I'd like to chat with you. I wonder if Mr. Su is available?" The man on the phone finally revealed his identity.
"Sure, then let's meet tomorrow. Let's arrange the location at the Su Group Building, at 10 AM. When you arrive, tell the front desk service, and they will take you there," Su Cheng directly agreed.
Su Cheng guessed that since this Boss Hong had asked to meet him, it meant that he had the intention to sell.
The reason why he hadn't contacted him before was probably because he had been hesitating.
After all, creating a famous headhunting company in Hong Kong can be considered his hard work, and the company is doing well. Under normal circumstances, these people are naturally not very willing to sell the business they have worked so hard to build.
"Then I'll trouble Mr. Su. I will definitely be there on time tomorrow," Hong Zhiguang said.
Having agreed on the time and place, the two hung up the phone.
Su Cheng sat on the sofa, thinking.
He would talk to him tomorrow. If he was willing to sell and the price was right, he would buy it.
If they couldn't reach an agreement, then he would directly buy a headhunting company with stronger strength in the United States.
Because, as his industries continue to increase, the shortage of talent will definitely become greater and greater.
Instead of spending money to frequently find headhunting companies to find talent, it is better to buy a headhunting company and find the required talent for himself.
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