We're building a super chaebol in Hong Kong

"Since the Governor has spoken, I'm not one to be unappreciative. I can represent Hongkong Electric Holdings and relinquish the power supply rights for these areas, but Mr. Su must also agree to some conditions!" Lawrence Kadoorie sighed before speaking.

He knew that further entanglement would be useless. If pushed too hard, Su Cheng might really launch a takeover battle.

Since he had to agree, he naturally had to secure more guarantees for the Kadoorie family.

Otherwise, if they annexed Lantau Island, Tuen Mun, and Sai Kung this time, wouldn't they be swallowing Sha Tin, the New Territories, and Tai Po next time? And after that, even Kowloon would be devoured, and China Light and Power could directly declare bankruptcy!

"Mr. Lawrence Kadoorie, please speak. As long as it's not a major issue, I'll agree," Su Cheng said with a smile.

Now that he had persuaded him to give up Lantau Island, Tuen Mun, and Sai Kung, his goal for this trip had been achieved.

"Mr. Su should own 20.7% of the shares of China Light and Power, right? I hope Mr. Su will sell 10.7% of them to us," Lawrence Kadoorie said directly.

If they took 10.7% of the shares from Su Cheng, then the Kadoorie family would hold 50.7% of the shares of China Light and Power. This way, no one could ever take China Light and Power from them again.

"Of course, if Mr. Lawrence Kadoorie wants them, I can sell them to you at market price," Su Cheng said with a smile.

"No, no, no, the current price is inflated. We can't possibly buy your shares at market price. The cost would be too high for us. I hope Mr. Su will sell them to us at the acquisition price," Lawrence Kadoorie said quickly.

Since the news that Su Cheng wanted to acquire China Light and Power spread, the stock price of China Light and Power has more than doubled in just two days, and it is still rising.

If Lawrence Kadoorie were to acquire the shares at the current market price, they would have to pay more than double the price, which the Kadoorie family couldn't accept.

Su Cheng initially used 400 million Hong Kong dollars to acquire 12.5% of the shares from three British people, which was a price significantly lower than the previous market price. Now, those 12.5% of the shares are worth about 1.2 billion Hong Kong dollars at current market value.

This means that if the Kadoorie family wants to acquire Su Cheng's 10.7% of the shares at market price, they would have to pay more than 1 billion Hong Kong dollars, which Lawrence Kadoorie certainly wouldn't want to lose.

"Mr. Lawrence Kadoorie, that's impossible. Acquiring shares is like our investment. Investment must have a return. If we sell them back to you at the original price, wouldn't we be working for nothing? I might as well slowly release these shares on the market. Of course, even if I hold onto these shares, it doesn't matter. Anyway, I'll promise you that I won't increase my holdings in China Light and Power in the future, so you don't have to worry about me competing with your Kadoorie family for China Light and Power. The dividends from China Light and Power are still good, and it's not a loss to hold onto them," Su Cheng said with a smile.

"Business is business. I can agree not to continue acquiring China Light and Power in exchange for the power supply rights for Lantau Island, Tuen Mun, and Sai Kung, but the buying and selling of shares is a separate business. I can't possibly give up hundreds of millions of Hong Kong dollars to trade with you. After all, money is not easy to earn!" After thinking for a while, Su Cheng said again.

"Mr. Su, we can't accept buying at the current price. We've already given you Tuen Mun, Lantau Island, and Sai Kung. We've already lost a lot. If you make things difficult for me like this, I won't be able to explain it to the family and the company," Lawrence Kadoorie sighed again.

Being manipulated so thoroughly by a young man in his early twenties made Lawrence Kadoorie feel somewhat defeated.

"How about this, I'll make another concession. 800 million Hong Kong dollars to sell 10.7% of the equity in China Light and Power to your Kadoorie family. You save two or three hundred million, and I earn two or three hundred million less. This can be considered a concession from both sides. You have to think carefully. It's not easy to acquire 10.7% of the equity on the market now. If you miss this opportunity, I won't sell my shares anymore. Then, I'll just hold onto your China Light and Power shares and take the dividends. That's quite appealing too," Su Cheng said with a smile.

Lawrence Kadoorie began to consider.

If they didn't acquire the shares this time and let Su Cheng hold onto 20.7% of the shares, it would also be a risk. Who knows if he would have designs on China Light and Power again in the future?

Secondly, as Su Cheng said, the current stock market has been secretly buying up a lot of shares through Tianyuan Investment Company. Even if the price gradually falls in the future, it's unlikely that so many people will offer to sell at a low price. It would be difficult for them to acquire so many shares on the stock market.

Although the 800 million Hong Kong dollars would still be a big loss for the Kadoorie family, it was much lower than the current stock price. Although the price was ridiculously high, it wasn't like they were acquiring 100% of the equity. They could only accept the extra 300 million Hong Kong dollars.

Thinking of this, Lawrence Kadoorie stood up and said, "Mr. Su, I can agree to your terms, but I hope we can sign the contract here at Government House now and have all the matters we've discussed today signed into a contract, with the Governor as a witness!"

"As you wish!" Su Cheng nodded with a smile.

Taking 12.5% of the shares from the shareholders for 400 million Hong Kong dollars, and then acquiring 8.2% of the shares from the stock market for 300 million Hong Kong dollars, Su Cheng only spent 700 million Hong Kong dollars to acquire these 20.7% of the shares.

Now, just selling 10.7% of them will yield 800 million Hong Kong dollars. This is a very profitable deal.

Moreover, many market makers are still speculating on the shares of Hongkong Electric Holdings. Su Cheng can also have Zhang Qizheng quickly sell the remaining 10% of China Light and Power shares, taking advantage of the current popularity. By then, he can earn another sum of money. This wave, just from the shares, will be a big profit! Not to mention that he has also secured the three major territories of Tuen Mun, Sai Kung, and Lantau Island for Hongkong Electric Holdings.

Su Cheng wouldn't allow China Light and Power to supply electricity for the large-scale development of Tseung Kwan O and Clear Water Bay. It's safer to use his own electricity on his own territory. After all, many of Su Cheng's companies will have high-tech laboratories in the future. A power outage would cause significant damage to the company. If he supplies his own electricity, he can at least prioritize the power consumption of his own territory.

The same principle applies to Tuen Mun.

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"Since you have both reached an agreement, I will arrange for the contract to be drawn up immediately," MacLehose said with a smile, seeing that the two had finally reached a consensus.

Subsequently, with the help of the legal staff of Government House, the contract was quickly drafted. Then, with MacLehose as a witness, the two formally signed their names on it.

With Governor MacLehose as a witness, neither of them was afraid of the other party reneging on the agreement.