I Want To Be a Rich Man on Hong Kong Island

  Chapter 546【The end of greedy! 】

  In early November, Hong Kong was already in a panic.

  Hong Kong’s oil supply has always been provided by the six major oil companies Shell, Standard, Mobil, Texaco, Peninsula, and Gaofu. These six oil companies account for 90% of the supply share;

  The other 10% share is provided by China Gas;

  As early as a few years ago, after Wu Guangyao moved to China Gas, he established a gas depot on Tsing Yi Island and began to invest in gas stations on Hong Kong Island;

  At that time, China Gas could not refine oil, so gasoline could only be imported from Singapore;

  At this time, China Gas’s super gasoline, regular gasoline, automobile diesel, and industrial diesel, after investing in a refinery in Singapore, has begun to rob the six major oil companies in a large number of markets.

  This time, the countries where the six major oil companies are located have begun to lack oil and are overwhelmed by themselves;

  So Hong Kong Island not only has to bear the high oil price, but also has to bear the oil shortage.

  The Hong Kong government had to urgently set up an oil policy committee to study policies and measures to deal with oil shortages on a full-time basis.

  At this time, the high-level opinion of the Hong Kong government is to implement two countermeasures:

  First, implement emergency gasoline control, restrict advertising, display and floodlighting, and various energy-saving policies, including the use and lighting of commercial and recreational lights;

  Second, the high-level officials of the Hong Kong government have stepped up their contacts with the mainland government, hoping that the mainland can increase the amount of oil exported to Hong Kong.

  People are really not greedy!

  'Guangyao Family Office' acquired the shares of Hongkong Electric at a premium of 20% at such a difficult time, but investors are still not satisfied;

  In the five trading hours, the ‘Glory Family Office’ only sold 10 million shares of HK Electric, which is still 30 million shares short.

  In view of this, the management of Guangyao Family Office decided to take necessary measures!

  Hongkong Electric is a top ten British listed company with very dispersed shares. The board of directors has always been the decoration of the management;

  Except for the annual general meeting of shareholders, there is basically no force to check and balance the management;

  Because of the scattered equity, the general meeting of shareholders rarely voted on any substantive resolutions;

  So, as long as there is no serious loss and corruption, the Hongkong Electric’s Taipan can be said to be the emperor of the Hongkong Electric.

   But now, the emperor is finally about to accept the challenge, and he still comes from the powerful ‘Guangyao Family Office’.

  It is conceivable how hopeful the management of Hongkong Electric has that Wu Guangyao gave up the acquisition.

  North Point, Hongkong Electric Headquarters.

  Bensheng Rong replaced Wu Guangyao, came to the Hongkong Electric Company, and met Martin Taipan of the Hongkong Electric.

   "President Martin, as far as I know, you should be a young and promising big class, why can't you see the situation clearly?" Rong Bensheng made a start.

   Martin was stunned. When will a Chinese executive be able to accuse a British executive!

Wanting to get angry but afraid of the consequences, Martin said calmly, "Mr. Rong, I don’t know what you mean? Mr. Wu intends to acquire the Hongkong Electric Company. We welcome it; however, we are the executives of the Hongkong Electric. We are responsible to all shareholders if we may cooperate with Mr. Wu's acquisition."

Rong Bensheng smiled and said: "President Martin, you don’t want to talk secretly! At this time, you have only one way to go, and that is to cooperate with us in acquiring the Hongkong Electric Company; think about it yourself, my boss wants to buy a Hongkong Electric Will the company fail? In that case, you might as well cooperate with us; after our investigation, you are considered young and promising, and we will not rush you down at least for the time being."

   Martin suppressed his anger, and asked, "Not for the time being?"

  Rong Bensheng nodded and said: “It depends on your ability and execution. You will have a great future if you can join this consortium; if you can’t get in, you can only be swept out.”

  After listening to Martin, he felt like an eggplant that had been burned, and thought to himself, do he have the strength to resist?

of course not!

  Martin calmed down his feelings and said, "What should I do? I don't know how to do things that are illegal or illegal!"

  Bensheng Rong said: "You can't do it, let alone we can't do it! It's very simple. The Hong Kong Electric Company is currently experiencing a situation in which there is a shortage of oil for power generation. Do you know how much oil our boss has?"

  Martin was taken aback, could the Wu family still fail the oil merchants?

"How many?"

  "Enough to supply the entire Hong Kong for a whole year!"

"what?"

   "We have 3 million tons of oil on hand!"

  Martin feels too much shocked today!

  For a long time, Martin said: "Mr. Rong, what should I do?"

   is still a Taoist, Rong Bensheng thought in his heart.

"We have thought that raising the price to buy the Hongkong Electric has no practical benefit to the Hongkong Electric! Therefore, instead of acquiring outside shares, it is better for the Hongkong Electric to issue new shares directionally, so that the Hongkong Electric can raise a portion of the funds for the purchase. Petroleum and expanding operations."

  Yes, it is also an acquisition, one is to flow money to shareholders, and the other is to flow money to the company;

  Because of emotion and reason, the senior executives of Hongkong Electric will choose the latter!

  The high-level staff of the Hongkong Electric have absolutely not many shares in their hands, and there is no loss at all if they are diluted, and they can’t fight for control.

  Martin pondered for a while, and said: "Yes, but I need to communicate with my colleagues, and then reply to you!"

  Rong Bensheng nodded and said: "Alright! Also, Mr. Martin, our boss doesn't like slow-paced management, so you should manage the company well to adapt to the style of the consortium of ‘Guangyao Family Office’."

  Martin nodded and said, "Well, I will prove myself!"

On November 8, the Hongkong Electric Company officially announced that the Hongkong Electric Company will issue new shares directionally, a total of 40 million shares, at a price of 7.5 Hong Kong dollars per share, which will be wholly-owned by the "Glory Family Office"; the proceeds will be used to purchase oil resources and stabilize the island’s capital. power supply system.

  At the same time, the ‘Glory Family Office’ announced in the media on Hong Kong Island: The ‘Glory Family Office’ currently has 3 million tons of oil and will make every effort to ensure the future oil supply on Hong Kong Island.

  Hong Kong and Kowloon earthquake!

  Even the Hong Kong government immediately contacted Wu Guangyao himself, Governor MacLehose personally confirmed the news, and he was relieved immediately;

  As for Wu Guangyao, he also specifically stated that the price of oil can only be supplied at the price given by the six major oil companies in Europe and the United States.

  Governor MacLehose said on the phone: "This is natural, and you can't let you donate for nothing!"

   Wu Guangyao said: "I can donate money for charity, but I can't treat business as charity!"

  Hang up the phone, Wu Guangyao shook his head. The price of oil was high, but he didn’t set it by himself;

  If you have the ability to let the six major oil companies in Europe and America lower their prices, they will naturally lower their prices too!

  At the same time, the stock of Hongkong Electric began to plummet, with a single-day drop of up to 25%;

  Countless stockholders who were waiting to get rid of their arbitrage and make a fortune suddenly suffered heavy losses and regretted it!

  (End of this chapter)