We're building a super chaebol in Hong Kong

"This issue is indeed the biggest problem facing Hongkong Electric Holdings Limited. However, regarding the site selection, I also think the location originally decided internally by Hongkong Electric Holdings Limited is very good. Lamma Island is very large, and it doesn't necessarily have to be built at Po Lo Tsui. Almost the entire Lamma Island is mountainous, with very little flat land, which is also conducive to using these rocks for land reclamation. It's just a power plant location, and the land reclamation cost doesn't need to be very high." Hearing Ma Shiming's words, Wei Li said with a smile from the side.

In the week or so since he took office, he had learned more about Hongkong Electric Holdings Limited through internal documents than Ma Shiming.

Therefore, although he couldn't claim to know everything about Hongkong Electric Holdings Limited, he had a very good understanding of the general situation.

On Hong Kong Island, due to the economic boom in Hong Kong in recent years, land prices have been constantly rising, and power plants also cause a lot of pollution, so building a power plant on Hong Kong Island is very unrealistic.

In the future, the reason Ap Lei Chau was closed, in addition to the completion of the Lamma Power Station, was more importantly the complaints from residents around Ap Lei Chau.

After all, he is destined to be the president of Hongkong Electric Holdings Limited in the future, so naturally he needs to consider the future development of Hongkong Electric Holdings Limited more.

"Besides the issue of building a power plant, is there anything else?" Su Cheng didn't intend to let Ma Shiming off the hook, but continued to ask with a smile.

Because anyone who understands Hongkong Electric Holdings Limited knows that the problem Ma Shiming mentioned is the biggest problem facing Hongkong Electric Holdings Limited today.

Therefore, his answer only shows that he has put in the effort to understand Hongkong Electric Holdings Limited in the past few days, and does not represent his ability.

"Hongkong Electric Holdings Limited is also facing another very important problem." Hearing Su Cheng's question, Ma Shiming remained very calm.

"Oh?" Su Cheng became curious.

Wei Li, who was on the side, was also curious to see what kind of answer Ma Shiming could give.

"Hong Kong has always only approved two power supply companies due to government restrictions. One is naturally our Hongkong Electric Holdings Limited, and the other is China Light and Power in the Kowloon Peninsula to the north. Compared with China Light and Power in the north, our Hongkong Electric Holdings Limited has a much smaller population and territory, so it has always lagged behind China Light and Power in terms of power development.

In fact, Hongkong Electric Holdings Limited's power supply business has already reached a bottleneck, and it is difficult to break through. Therefore, we are currently facing the question of how to break through this bottleneck and allow Hongkong Electric Holdings Limited's business to expand in Hong Kong," Ma Shiming said directly.

Hearing Ma Shiming's words, Su Cheng and Wei Li fell silent.

Indeed, Hongkong Electric Holdings Limited today, due to its fixed territory, has no worries about the development of its power business, but there is also almost no possibility of breaking through the bottleneck.

This is controlled by the government, and not something that Hongkong Electric Holdings Limited can expand as it pleases.

Anyone who takes charge of Hongkong Electric Holdings Limited wants to expand the power business to the Kowloon Peninsula across the harbor, but this is basically impossible because the government does not allow it.

"Then do you have any brilliant ideas?" Su Cheng asked with a smile.

"As far as I know, three years ago, in order to diversify the group's business, Hongkong Electric Holdings Limited tried to acquire another long-established listed public utility company, The Hong Kong and China Gas Company Limited, with Hongkong Electric Holdings Limited's shares and cash, but was strongly opposed by The Hong Kong and China Gas Company. In the end, the government intervened, and Hongkong Electric Holdings Limited had no choice but to give up the idea of ​​acquiring The Hong Kong and China Gas Company," Ma Shiming said, mentioning another matter.

"What does this matter have to do with the problems we are facing now?" Su Cheng asked curiously.

Wei Li, on the other hand, seemed to have thought of something, but did not speak.

Ma Shiming continued: "Hongkong Electric Holdings Limited did fail to successfully acquire The Hong Kong and China Gas Company because the group wanted to use shares for the acquisition. The shareholders of The Hong Kong and China Gas Company can naturally object, so it is very normal that the acquisition was not successful in the end. But this matter also gave me an inspiration. Boss, why not try to acquire China Light and Power? With your current assets, it should not be difficult to acquire China Light and Power, but I know that it will definitely fail in the end, because the government will definitely intervene in the end and will not allow you to monopolize the entire power supply in Hong Kong."

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"Since it is impossible to succeed in the end, why do you want me to try to acquire China Light and Power?" Su Cheng asked strangely.

Hongkong Electric Holdings Limited was always a British-funded enterprise before Su Cheng took over. Now that Su Cheng has taken over, it can also be classified as a Chinese-funded enterprise.

As for China Light and Power, if you only look at the company name, you might think that this is a Chinese-funded enterprise?

In fact, it is not!

The founder of China Light and Power was an Iraqi Jew who founded China Light and Power Company in Hong Kong in 1901.

This founder eventually created a Hong Kong consortium family because of China Light and Power, and even directly became the richest non-Chinese tycoon in China. It is the Kadoorie family.

In Su Cheng's previous life, China Light and Power was actually always controlled by the Kadoorie family.

Compared to Hong Kong Island, the Kowloon Peninsula has a larger population and territory, so it is very normal that Hongkong Electric Holdings Limited has not been able to compete with China Light and Power.