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#396 - Problems facing HK Electric

Time flew by, and it was soon December 10th.

Today, Hong Kong Electric Group announced another personnel change.

The announcement only stated one thing: Mr. Ma Shiming has been appointed as the Executive Vice President of Hong Kong Electric Group.

Hong Kong Electric Group simply submitted this matter to the Hong Kong Stock Exchange for public notification.

In addition, the announcement was also published in the Hong Kong Economic Journal and the Hong Kong Commercial Daily.

As a listed company, the appointment of a vice president is one of the group's major events, which has a significant impact on the company's operating performance, so these things must be made public.

Although Hong Kong Electric Group made the announcement in a low-key manner, it quickly attracted everyone's attention.

After all, not only was Bard leaving Hong Kong Electric Group and Wei Li taking over, but people were also curious about this unfamiliar figure, Ma Shiming.

Before this, almost no ordinary people in Hong Kong had ever heard of him.

So, many people began to investigate Ma Shiming's information.

At first, everyone thought that this Mr. Ma Shiming might be a talent poached from Europe and the United States.

But they were shocked when they investigated.

This newly appointed Vice President was actually just the head of the sales department of Jardine Air Conditioning Company, a subsidiary of Jardine Matheson.

In their opinion, let alone the head of the sales department, even the general manager of Jardine Air Conditioning Company was not qualified to be the Vice President of Hong Kong Electric Group.

Therefore, many people did not understand this appointment.

However, regardless of whether they understood it or not, Su Cheng now had the final say at Hong Kong Electric Group. Whoever he said should be appointed would be appointed, and no one else had the right to interfere.

Therefore, this matter only became a topic of discussion for everyone and did not have much impact on Hong Kong Electric Group.

Finally, after learning the detailed information about Ma Shiming, Simon Keswick was even more surprised.

Is a sales department head really capable of holding the position of Vice President of such a large listed company like Hong Kong Electric Group?

Jardine Matheson is too large, with more than 50,000 employees and numerous subsidiaries. Even large groups such as Hongkong Land belong to the Jardine system. It is normal for him not to know Ma Shiming, who was originally at most a middle-level leader of a subsidiary.

Therefore, he was very curious as to why Su Cheng poached this unknown person to Hong Kong Electric Group.

However, that was all. After that, he put the matter behind him.

For Simon Keswick, Jardine Matheson is now facing more problems waiting for him to deal with.

Su Cheng arrived at the headquarters of Hong Kong Electric Group early in the morning.

In the past few days, Su Cheng has been paying attention to the situation of Hong Kong Electric Group, and people have been reporting to him every day on how Hong Kong Electric Group is doing without Bard.

Wei Li, as expected of a brilliant figure known as the "Company Doctor", stabilized Hong Kong Electric Group internally in just two or three days.

Hong Kong Electric Group did not experience any problems due to Bard's departure.

This made Bard, who was about to leave Hong Kong, feel somewhat disappointed.

Originally, he had hoped that after Wei Li took office, internal problems would arise in Hong Kong Electric Group, and Su Cheng would have to personally invite him back to continue managing Hong Kong Electric Group.

Now it seems that it was just a dream after all.

Su Cheng gave Bard a month to sell all his properties in Hong Kong and return to the UK.

In this case, he can only continue to sell his villas, cars, and stocks.

When he arrived at the group, Su Cheng found that Wei Li was not in the president's office. His subordinates told him that Wei Li had taken Ma Shiming to familiarize himself with the various departments of the building early in the morning.

Because he had only recently taken office at Hong Kong Electric Group, Wei Li would temporarily spend more of his working time at Hong Kong Electric Group.

After everything here returned to calm, his focus would still return to Hutchison Whampoa.

After all, Hong Kong Electric Group was only temporary, and Hutchison Whampoa was the company he had always managed.

Su Cheng did not ask anyone to notify them to come back, but sat in the office making tea for himself while waiting for them.

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Around ten o'clock in the morning, Wei Li and Ma Shiming finally stopped their inspection work and returned to the office.

Both of them were a little surprised to see Su Cheng's arrival.

So, the three of them sat in the office and chatted.

"Mr. Ma, how are you adapting to your current position?" Su Cheng asked with a smile.

In fact, Ma Shiming had already taken office yesterday. During his last few days of leaving Jardine Air Conditioning, he also spent a lot of energy learning about the situation of Hong Kong Electric Group.

Therefore, Ma Shiming now knows more about Hong Kong Electric Group than even Su Cheng.

Ma Shiming's most important task now is to familiarize himself with the entire Hong Kong Electric Group, and then begin to familiarize himself with his job responsibilities.

"I feel pretty good. Whether it's the job responsibilities or the workload, it's definitely much bigger than before, but I think I can still handle it. It's just that I'm still in the adaptation stage since I just took office," Ma Shiming thought for a while and said.

"Then can you see what problems Hong Kong Electric Group is currently facing?" Su Cheng continued to ask with a smile.

This was considered a test for Ma Shiming.

Wei Li also looked at Ma Shiming with great interest. He also wanted to see if Ma Shiming could really see anything from his understanding of Hong Kong Electric Group in the past few days.

Seeing Su Cheng and Wei Li both looking at him, Ma Shiming remained calm.

"Actually, I personally think that the development direction of Hong Kong Electric Group is quite good, especially using its own advantages to start advancing into the real estate industry, which maximizes the use of its resources.

Therefore, I won't say much about other issues for the time being. I will talk about my views on the main business of Hong Kong Electric Group—power supply."

"Okay, Mr. Ma, please continue," Wei Li nodded and smiled.

"With the continuous economic development of Hong Kong in recent years, electricity consumption has been rising. The existing Ap Lei Chau Power Station is no longer sufficient. Therefore, our most important task at present is to choose a location and build another large power station. As far as I know, Mr. Bard had previously planned to build a power station on Lamma Island, and that location is the Nanyang Refinery under the boss.

Originally, this Nanyang Refinery itself was on the verge of bankruptcy, so under normal circumstances, it would have been easy for Hong Kong Electric Group to acquire that land. However, since the Nanyang Refinery was acquired by the boss, it is no longer the refinery that was on the verge of bankruptcy, so choosing the address there now is a bit unrealistic. Therefore, Hong Kong Electric Group needs to determine the new location as soon as possible!"

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