We're building a super chaebol in Hong Kong
#402 - Tell me about your conditions
Su Cheng directly twisted the doorknob and walked in.
He had been here many times and felt no sense of unfamiliarity.
"Mr. Su, we meet again." MacLehose greeted him with a smile.
The last time they met was when MacLehose invited Su Cheng and others to the Government House to discuss the second underwater tunnel.
That was only a month ago.
"Good morning, Governor." Su Cheng nodded with a smile.
"Let's talk in the reception room over here." MacLehose said, pointing towards the coffee table.
Su Cheng nodded and followed him.
Subsequently, the two sat down facing each other.
"Governor, I wonder what brings me to the Government House this time?" Su Cheng asked directly.
Although he already knew why MacLehose had invited him, he thought it was better to pretend he didn't know anything at this time.
"Don't rush, let me brew a pot of tea first." MacLehose skillfully began to brew a pot of black tea.
The British love to drink black tea.
After brewing, he poured a cup for Su Cheng and himself.
"Would you like milk and sugar?" MacLehose asked after pouring.
"No, thank you. I prefer pure tea," Su Cheng refused with a smile.
MacLehose picked up a carton of milk, poured it into his glass, and then added a few spoonfuls of white sugar.
"I heard that Mr. Su is planning to acquire China Light and Power Company?" MacLehose asked after taking a sip and putting down his cup.
"Yes, Governor. I believe everyone in Hong Kong knows about this. I now hold 20.7% of China Light and Power Company's shares, making me the de facto second-largest shareholder. If the Kadoorie family is willing, I hope to acquire their shares! If they are unwilling, I will find a way to take them down or acquire other remaining shares. You know I am not short of money, but I am very optimistic about China Light and Power's future development potential. If I can acquire it, it will greatly help my future," Su Cheng said with a hearty laugh.
At this moment, Su Cheng appeared determined to acquire China Light and Power.
Governor MacLehose believed this.
This is not only Governor MacLehose's view but also the view of the entire Hong Kong.
MacLehose also knew that Su Cheng was not only assertive in Hong Kong but also very assertive in the United States.
He directly sent the former chairman to prison and then fully controlled Nami Entertainment, a famous Hollywood entertainment company.
There is also the famous chip company Intel, and so on.
It can be seen that Su Cheng's desire to own enterprises is very strong, and he especially likes to privatize listed companies!
This is a universally acknowledged fact.
"Mr. Su, in fact, the Government House has always been reluctant for the power supply to be monopolized by one company. This is why the previous Hong Kong power supply companies were constantly being swallowed up, but in the end, Hongkong Electric Holdings and China Light and Power did not merge with each other. Because the government intervened and did not allow one company to dominate, I, therefore, represent the government in hoping that Mr. Su will not acquire China Light and Power Company, otherwise, it will be difficult for us to do our job," MacLehose said very directly without beating around the bush.
His words were very straightforward. This matter was not specifically targeted at Su Cheng, but rather it was the government's policy.
"Governor, you also know that our Hongkong Electric Holdings' power supply area is too small, and its development prospects are far inferior to China Light and Power. That is why I want to acquire China Light and Power Company. Look, the entire Hong Kong exceeds 1,100 square kilometers, but now Hongkong Electric Holdings' power supply range is limited to Hong Kong Island and Lamma Island, with a combined area of only about 100 square kilometers. The rest is supplied by China Light and Power. What does this mean? The Governor should understand that China Light and Power's power supply range is ten times that of Hongkong Electric Holdings!" Su Cheng stood up, walked to the large map on the wall of the reception room, pointed to the area on it, and said with a smile.
If only looking at the map area, Hongkong Electric Holdings does seem to have a very large gap with China Light and Power.
In fact, although China Light and Power leads Hongkong Electric Holdings, the area supplied by China Light and Power, apart from the core area of the southern Kowloon Peninsula, is mostly rural or mountainous, basically very remote places, which in this era, cannot bring much profit to China Light and Power.
Hongkong Electric Holdings occupies the most prosperous and core Central area, as well as Wan Chai, Causeway Bay, and other prosperous urban areas on the southern shore of Victoria Harbour.
Therefore, in fact, although China Light and Power's strength is much stronger than Hongkong Electric Holdings, it is not many times as exaggerated. At most, Hongkong Electric Holdings' valuation is about three to four billion, and China Light and Power's valuation is about four to five billion, such a gap.
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However, Su Cheng doesn't care about these. These remote places are not worth much now, but it doesn't mean they won't be worth anything in the future.
For example, Lantau Island will not only become the site of the new airport in the future, but even Disneyland will also be located on Lantau Island, bringing many real estate developers and commercial facilities, allowing many places on Lantau Island to be developed.
Not to mention, just the electricity consumption of a world-class international airport is already very huge.
For example, Tuen Mun, Tseung Kwan O, and other places, don't look at the fact that they are sparsely populated now, but they will all be greatly developed in the future and become new street markets with concentrated populations.
In Su Cheng's view, these places are all very valuable.
MacLehose understood what Su Cheng meant after listening to his words.
It is not impossible to prevent Su Cheng from swallowing up China Light and Power, but Hongkong Electric Holdings' sphere of influence is too small, so Su Cheng is not satisfied, so he plans to swallow China Light and Power.
"Then Mr. Su Cheng, tell me your conditions. If you can stop the acquisition of China Light and Power, I can try to persuade Mr. Lawrence Kadoorie to make appropriate concessions. The Hong Kong business community is not large, and everyone should develop harmoniously. The world is very big, and we must go out to develop. That is the future of Hong Kong's top enterprises!" MacLehose said with a smile.
For MacLehose, it doesn't matter who has a larger or smaller territory between China Light and Power and Hongkong Electric Holdings.
After all, they, the government, are only responsible for collecting taxes, and there are no other interests involved.
Moreover, China Light and Power is not a British-funded enterprise, and MacLehose will not be biased towards the Kadoorie family.
It's just that the government itself does not want Hong Kong's power supply enterprises to be dominated by one company, so it agreed to Lawrence Kadoorie to persuade Su Cheng.
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