Chapter 197 General Meeting of Shareholders (2)
"Then let's start the second item of this shareholders' meeting. Since the development of our Hong Kong Electric Light Group requires more financial support, I decided to issue 20% of the shares of the Hong Kong Electric Light Group in the market, and the target of the additional issuance is Kirin Media Group." Li Zhiwen said with a smile.
Since the Hong Kong Electric Light Group resumed trading, the share price of Hong Kong Electric Light Group has stabilized at HK$28 per share, while 80% is HK$22.4 per share, which is 3.6 Hong Kong dollars lower than when Li Jiacheng bought the Hong Kong Electric Light Group. Li Jiacheng's face became unfavorable in an instant.
Li Jiacheng's face was not good-looking, and other small and medium-sized shareholders were even more so. Some even said something that was disagreeing and not allowed.
Li Jiacheng looked at Niu Bijian who had no expression. Seeing that Niu Bijian had no intention of speaking at all, he could only ask himself: "I don't know where Mr. Li, the funds raised will go after they have been discussed."
Li Jiacheng made up his mind that if the funds raised were distributed to shareholders, he would not say anything. After all, 10% of the shares were optional, especially when Li Zhiwen was already in control, he would not be able to make a big fuss.
"Everyone also knows that the power plant on Lamma Island is under construction and requires a lot of funds, so this fund is of course used to build the power plant."
"I went to Lamya Island to inspect. The power plant built by the group is too small. There are two coal-fired generator sets and two fuel generator sets. How can this be a large power plant?"
"So I decided to expand the power plant in Lamma Island, add four coal-fired generator sets, two fuel generator sets, and in addition, the wind power in Lamma Island is strong, so I plan to build a wind power plant in Lamma Island."
"If you count this way, the Hong Kong Electric Light Group may not have dividends in the next few years. Everyone will beg for more. Let's overcome this difficulty together, and a beautiful life is waving to us." Li Zhiwen opened his arms and drew a grand blueprint for the shareholders of the sitting Hong Kong Electric Light Group.
I don’t know if these shareholders have received Li Zhiwen’s grand blueprint, but on the contrary, if there is no dividend in the next few years, these shareholders will change their feelings and look at Li Jiacheng and Niu Bijian.
At the same time, Li Jiacheng's eyes also looked at Niu Bijian. Niu Bijian was still sitting on the chair, as if the things discussed in the conference room had nothing to do with Niu Bijian.
Niu Bijian's abnormal behavior made Li Jiacheng's heart hang up. Li Jiacheng asked Niu Bijian carefully: "Mr. Niu Bijian, I wonder what you think of Sir Li's plan?"
Niu Bijian seemed to have just woken up, and he staggered for a long time before sitting upright, and asked Li Jiacheng: "Mr. Li, what did you just say?"
Li Jiacheng had no choice but to fall asleep, so he could only patiently repeat what he had just said and what Li Zhiwen said.
He continued to ask Niu Bijian: "Mr. Niu Bijian, what do you think about this?"
"What do I think? Of course I agreed with both hands. Of course I have accomplished this kind of good thing for Hong Kong residents. Mr. Li, don't tell me you will object, right?" Niu Bijian said with a smile.
Li Jiacheng's heart fell to the freezing point. Li Jiacheng understood that Niu Bijian had already started fighting with Li Zhiwen.
Originally, Li Zhiwen had an absolute advantage. He had expected Niu Bijian to suppress Li Zhiwen by relying on the relationship between the Governor of Hong Kong, but the latter reached an agreement early on.
The Governor of Hong Kong, Li Jiacheng, seemed to grab a straw and said to Li Zhiwen: "Sir Li, do you know your plan? You must know that Hong Kong Electric Lighting Group is a public utilities company and must maintain its listing status. If the targeted share issuance of Kirin Media Group, the listing status is like ineffective, and the Governor of Hong Kong and the China Securities Regulatory Commission will not agree."
"Oh, Mr. Li, you said the Governor of Hong Kong, the Governor of Hong Kong agrees with my plan. As for the CSRC, I don't think the CSRC will object." Li Zhiwen said with a smile.
Li Zhiwen's smile was like a devil in Li Jiacheng's eyes. It seemed that he underestimated this young man, Li Jiacheng thought to himself.
At this time, Feng Yuanye asked weakly: "Mr. Li, our company is in a big trouble and urgently needs money. Since Qilin Media Group is preparing to invest, why not sell the stock to Qilin Media Group, so why not issue additional shares?"
Li Zhiwen asked with a smile: "Mr. Feng, Qilin Media Group can only sell HKD 22.4 per share, so do you want to sell it too?"
Feng Yuanye gritted his teeth and said, "Yes, just do it like this, the funds can be arrived immediately."
Feng Yuanye’s idea was very simple. At this time, the board of directors was operated by Li Zhiwen. In addition, there was no dividend distribution for several years, the stocks of Hong Kong Electric Light Group were of no use to hold them.
Even if you pay dividends, isn’t Li Zhiwen’s final decision? Besides, if Li Zhiwen makes a few more targeted share issuances, the stocks in his hand will become thinner and thinner. Instead of doing this, it’s better to cut off his losses and sell them now.
"Of course, as soon as the stock transfer takes effect, the funds will be deposited immediately." Luo Shaoyong, who was beside Li Zhiwen, said.
No one in the conference room noticed Luo Shaoyong's existence. As a tool guy, Luo Shaoyong knew the purpose of his visit this time, so he replied out loud.
"I'll sell too." "President Luo, I have 2% of the shares here, I'll sell too." "Get out of the way, I'll come first." Such voices rang one after another.
At this time, Li Zhiwen smiled and also observed Li Jiacheng with a pig's liver-colored face from the corners of his eyes.
Li Zhiwen also wanted to know what Li Jiacheng was thinking at this time.
At this time, Li Jiacheng already understood the current predicament. If Li Jiacheng himself sold his shares like Feng Yuanye, then he would lose at least HK$3.6 per share.
Although it is not much for 3.6 Hong Kong dollars, he has nearly 15 million shares of Hong Kong Electric Light Group, which will lose nearly 50 million Hong Kong dollars.
You should know that Li Jiacheng took over Hutchison Whampoa in September last year and only spent 100 million Hong Kong dollars as a deposit to win Hutchison Whampoa. Now, letting Li Jiacheng lose 50 million Hong Kong dollars is better than letting Li Jiacheng die.
As for why Feng Yuanye and others sold it, the reason is very simple. They have held the shares of Hong Kong Electric Light Group for many years and the dividends have lasted for many years. Moreover, for the previous purchase price, there are still profits of HK$22.4, so Feng Yuanye and the others also sold it.
"Mr. Li, you won, but I will not sell the stocks of the Hong Kong Electric Light Group in my hands. We will not change the green mountains and rivers, and there are opportunities to do another battle." Li Jiacheng stood up and said.
"Then I'll wait and see!" Li Zhiwen said with a smile.
After that, Li Jiacheng didn't say anything, and took Li Zeju and prepared to leave the conference room.
Chapter completed!