We're building a super chaebol in Hong Kong

December 20th, 10 AM, China Light and Power headquarters in Homantin, Kowloon, Hong Kong.

Today, many reporters and media outlets arrived here, all arranged and invited by the Kadoorie family.

After reaching an agreement, the Kadoorie family breathed a sigh of relief. Although they suffered some losses, the overall impact on the family's future was minimal.

In recent days, the news of Su Cheng, the world's richest man, acquiring China Light and Power has been spreading like wildfire.

Therefore, upon receiving the invitation from China Light and Power, all media outlets arrived at the headquarters on time.

Since a press conference was to be held, there must be a major announcement to be made to the public.

Could it be that Mr. Su Cheng has completed the acquisition of China Light and Power?

This was the thought in many people's minds.

After all, in the eyes of many, it shouldn't be difficult for Su Cheng to take down China Light and Power.

Sure enough, the media reporters saw Su Cheng on the podium at the press conference.

However, today Su Cheng was not sitting in the central chairman's position, but next to Michael Kadoorie.

"Ladies and gentlemen, I am very happy to announce here today that our Kadoorie family has further increased its shareholding in China Light and Power. Currently, the shares we hold have reached the standard for controlling China Light and Power. In the future, our Kadoorie family will continue to steer China Light and Power Company to ensure the power supply of the Kowloon Peninsula," Lawrence Kadoorie said calmly into the microphone, without revealing a trace of smugness.

After all, the Kadoorie family previously held 40% of the shares in China Light and Power. The reason why they had not increased their holdings was that they felt that this shareholding should be enough to prevent anyone from challenging the Kadoories' control over China Light and Power.

Unexpectedly, a reckless man named Su Cheng came along, wanting to rely on his abundant funds to snatch China Light and Power from them.

Fortunately, Su Cheng's actions were eventually stopped after Lawrence Kadoorie approached Governor Murray MacLehose and received Mr. MacLehose's help.

In this business competition, the Kadoorie family did not gain any benefits. On the contrary, they paid a great price.

In this situation, how could Lawrence Kadoorie laugh!

Hearing Lawrence Kadoorie's words, the reporters present showed very surprised expressions.

Since Lawrence Kadoorie increased his stake in China Light and Power Company, even reaching 50.7%, then it was impossible for Su Cheng to acquire China Light and Power Company.

Does this mean that Su Cheng has finally failed for once?

Previously, in the Wharf competition, although Su Cheng seemed to have given up, the profits he obtained from it were very large. Therefore, no one would think that Su Cheng really failed in that competition. Instead, they praised him for openly provoking the Wharf competition, but secretly and unexpectedly taking down Hutchison Whampoa.

This is a true master!

After that, Su Cheng's series of business operations had never failed.

Could it be that Su Cheng's undefeated myth is about to be broken?

Everyone had this idea.

And it was even more unbelievable.

After all, everyone knows that Su Cheng's current cash flow is very terrifying, comparable to the storage funds of large banks.

However, this time, he publicized his intention to acquire China Light and Power so loudly, but failed in just a few days?

However, looking at Lawrence Kadoorie's expression, it didn't seem like it?

If he had defeated Su Cheng head-on, logically speaking, he should be smiling.

But now looking at his expression, he doesn't look like a winner at all.

This matter is a bit confusing.

The people at the scene were discussing and looking at Su Cheng, hoping to get an answer from him.

Lawrence Kadoorie didn't want to say too much, because in this competition, apart from the Kadoorie family's stake in China Light and Power increasing from 40% to 50.7%, the other agreed terms were a disgrace to the Kadoorie family!

However, as a listed company on the Hong Kong Stock Exchange, they had to announce the specific details to the public.

Therefore, Lawrence Kadoorie planned to let Su Cheng say these things himself, because it was too uncomfortable for him to say it. He couldn't bring himself to say it.

The microphone was also moved in front of Su Cheng.

At this moment, everyone at the scene tacitly stopped their discussions, and all eyes turned to Su Cheng.

"Hello everyone, we meet again. Today, I see many old friends again," Su Cheng said with a smile.

The Hong Kong Electric Group recently held a press conference to announce the news of Peter Badger's departure and Canning Fok's appointment.

Basically, the reporters who participated last time have all come to China Light and Power this time.

The scene burst into applause, and then continued to wait for Su Cheng's words.

This is not a small amount of money, but a value of tens of billions of Hong Kong dollars. Although it should not have been sold out yet, it does not delay its true value at all!

After everyone calmed down again, Su Cheng continued: "Originally, I was full of confidence in acquiring China Light and Power, but this time, I received a request from the government. The government does not want all power supply companies in Hong Kong to be controlled by one person. Therefore, I had to stop this acquisition. As a Hong Konger, I respect all relevant policies of the Hong Kong government.

Although I failed to acquire China Light and Power, I am not completely without gains. This time, after the mediation of Governor Murray MacLehose, Tuen Mun, Islands, and Sai Kung districts in Hong Kong will be included in the power supply scope of the Hong Kong Electric Group. In the future, the power supply in these areas will be the responsibility of the Hong Kong Electric Group. Here, I would also like to thank China Light and Power for their concession. I also hope that the Hong Kong Electric Group and China Light and Power can work together for common development in the future.

At the same time, I also promise here that in the future, without the approval of the government, as long as I control the Hong Kong Electric Group, I will not target China Light and Power again. Half of the China Light and Power shares I have held during this period have now been sold to the Kadoorie family, and the other half has returned to the stock market."

After Su Cheng finished speaking, everyone at the scene was shocked.

China Light and Power, has it lost the power supply rights to three major territories?

Moreover, Mr. Su Cheng quietly sold all of his China Light and Power shares. Then, this means that China Light and Power has nothing to do with Su Cheng anymore.

In this case, what is there to speculate about China Light and Power's stock?

Such an ending was unexpected by everyone.

Such news came too suddenly.