I Want To Be a Rich Man on Hong Kong Island

In early November, Hong Kong was already in an oil panic.

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

The other 10% share is provided by China Gas Company;

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

At that time, China Gas was not yet able to refine oil, and gasoline could only be imported from Singapore;

At this time, Towngas' super gasoline, regular gasoline, automobile diesel, and industrial diesel have begun to grab the market of the six major oil companies in large quantities after investing in refineries in Singapore.

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

Therefore, Hong Kong Island not only has to bear high oil prices, but also has to bear the shortage of oil.

The Hong Kong government had to urgently set up a Petroleum Policy Committee to study policies and measures to deal with the oil shortage.

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 flood lighting, and various energy-saving policies, including the use and turning on of commercial and recreational lights;

Second, the high-level Hong Kong government has stepped up contact with the mainland government, hoping that the mainland can increase the amount of oil exported to Hong Kong.

.........

People are really greedy!

The "Guangyao Family Office" purchased HK Electric's shares at a premium of 20% at this difficult time, but shareholders are still not satisfied;

During the five trading hours, "Guangyao Family Office" only traded 10 million HK Electric shares, which is still 30 million shares short.

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

Hong Kong Electric Company is one of the top ten British-funded listed companies with very scattered shares. The board of directors has always been just a decoration for the management;

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

And because of the dispersed ownership,

The general meeting of shareholders rarely votes on any substantive resolutions;

Therefore, as long as there are no serious losses and corruption incidents, the Taipan of HK Electric can be called the emperor of HK Electric.

But now, the emperor is finally about to accept the challenge, and it comes from the powerful 'Guangyao Family Office'.

It is conceivable how hopeful the management of HK Electric is, Wu Guangyao gave up this acquisition.

North Point, HK Electric Headquarters.

Rong Bensheng replaced Wu Guangyao and came to Hong Kong Electric Company, where he met Martin, the chief executive of Hong Kong Electric.

"President Martin, as far as I know, you should be a young and promising senior, why can't you see the situation clearly?"

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 is interested in buying HK Electric, and we welcome it; but, we are executives of HK Electric, aren't we?" If it is possible to cooperate with Mr. Wu's acquisition, we must be responsible to all shareholders."

Rong Bensheng said with a smile: "President Martin, people don't speak dark words! At this time, you have only one way to go, and that is to cooperate with us in acquiring HK Electric; think about it for yourself, my boss wants to acquire a HK Electric Will the company fail? If that's the case, you might as well cooperate with us; after our investigation, you are considered young and promising, at least we won't drive you out for the time being."

Martin suppressed his anger and asked, "Not yet?"

Rong Bensheng nodded and said: "It depends on your ability and execution speed. If you can integrate into this consortium, you will have a great future; if you cannot integrate, you can only be kicked out."

After listening to this, Martin felt like a dying eggplant, thinking to himself, do he have the strength to resist?

of course not!

Martin calmed down and said, "What should I do? I won't do things that violate laws and regulations!"

Rong Bensheng said: "You don't know how to do it, and we don't know how to do it! It's very simple. The Hong Kong Electric Company is currently facing a problem, which is the lack of oil to generate electricity. Do you know how much oil our boss has?"

Martin was taken aback. Could it be that the Wu family is still an oil businessman?

"How many?"

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

"what?"

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

Martin felt that he had been shocked too much today!

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

It's still on the right track, Rong Bensheng thought in his heart.

"We thought about raising the price to acquire HK Electric, which would not be beneficial to HK Electric! Therefore, instead of acquiring outside shares, it is better for HK Electric to issue new shares in a targeted manner, so that HK Electric can raise part of the funds for the purchase of oil 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;

Due to emotion and reason, the senior management of HK Electric will choose the latter!

The senior executives of Hong Kong Electric do not hold too many shares, and there is no loss in dilution, and they cannot compete for control.

Martin pondered for a moment, then said, "Okay, but I need to communicate with my colleagues, and then I will reply to you!"

Rong Bensheng nodded and said, "Okay! 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 'Guangyao Family Office' consortium."

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

 …

On November 8, Hong Kong Electric Company officially announced that Hong Kong Electric issued new shares in a targeted manner, totaling 40 million shares at a price of 7.5 Hong Kong dollars per share, which would be fully acquired by the "Guangyao Family Office"; the proceeds would be used to purchase oil resources and stabilize the island's power supply system.

At the same time, the 'Guangyao Family Office' announced on the Hong Kong Island media: 'Guangyao Family Office' currently has 3 million tons of oil, and will do its best to ensure the future oil supply of Hong Kong Island.

Earthquake in Hong Kong and Kowloon!

Even the Hong Kong government immediately contacted Wu Guangyao himself, and Governor MacLehose was relieved to confirm the news himself;

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

Governor MacLehose said on the phone: "It's natural, you can't donate in vain!"

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

After hanging up the phone, Wu Guangyao shook his head, the high oil price was not set by himself;

If you have the ability to make the six major oil companies in Europe and the United States lower their prices, you will naturally lower them yourself!

At the same time, Hong Kong Electric's stock began to plummet, with a one-day drop of up to 25%;

Countless stockholders who were waiting to get out of the trap and get rich suddenly suffered heavy losses and regretted it!

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