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Chapter 265 Opportunities brought by Hong Kong Electric Lighting

"According to the latest news from Land Land Group, Land Land Group allocated 72 million Jardin shares at HK$12.3 per share, cashing out HK$860 million, reducing Land's holdings of Jardin shares from 42.6% to 25.3%.

"Relevant experts analyzed that the reason why Land Group sold Jardine Group's shares was due to negotiations on Hong Kong from China and the UK.

The real estate industry in Xiangjiang collapsed, Land Land Group suffered serious losses, and its fiscal revenue dropped sharply compared with the previous year. For the performance report of the previous year, Land Land Management..."

Looking at the latest news played by Asian TV station on the TV screen not far away, Mo Xuan knew in his heart that the funds he lacked were no longer a problem.

In this news broadcast by Asian TV, both Land Group and Jardine Map are famous large companies in Xiangjiang.

These two companies have a huge impact on the lives of people in Xiangjiang. It can even be said that people in Xiangjiang are inseparable from these two giant companies in Xiangjiang in many aspects.

Jardin Group, founded in 1832, is headquartered in Jardin Building in Xiangjiang. It is a diversified multinational group based on Asia.

The group's business areas include: financial and insurance services, retail department stores, consumer market expansion, engineering and construction, machinery manufacturing, automobile trade, transportation services, real estate and catering, etc.

The businesses they operate have excellent leadership in the market and have rich operating experience in the district.

It can even be said that Jardines Group is a veritable giant in Hong Kong and is an indispensable position in people's lives.

If there is anyone who has the greatest power in Hong Kong except for the Governor appointed by the Queen of England, the people in Hong Kong will think of the senior class of HSBC, and the rest will be the senior class of Jardine Group.

And speaking of this, the reason why Jardines Group has its current power in Xiangjiang is also closely related to the development of China.

It can even be said that Jardinei Group has absorbed the blood of Chinese people, and its development and growth day by day have achieved its status and power in Xiangjiang today.

Jardines Group was the first to engage in foreign business. Jardines Group is the most famous old British-funded foreign business and the largest British-funded consortium in the Far East. It was engaged in trade with China during the Qing Dynasty.

Jardine Mahjong Co., Ltd. played an important role in the early development of Hong Kong. It was established in Guangzhou, China on July 1, 1832 and was founded by two Scottish British people, William Jardine and James Mardichen.

Jardinet Foreign Exchange participated in trade with China in its early years, mainly engaged in the transaction of opium and tea.

When Lin Zexu implemented a smoking ban in 1839, Jardine's founder William Jardine personally lobbied the British government to go to war with the Qing Dynasty, and also advocated the acquisition of Xiangjiang from the Qing Dynasty as a trade base.

After 1872, Jardines Foreign Company gave up opium trade with China. After that, Jardines' investment business gradually diversified. In addition to trade, it also invested in the construction of railways, docks, various factories, mining, business ships, banks and other industries in mainland China and Xiangjiang.

By now, Jardine has become the largest consortium in the Far East in the UK.

From its development history, it is not difficult to see that it is a company that has grown stronger by sucking the blood of Chinese people.

What Mo Xuan wants to do now is to use Jardine Map Group to find a way out for the funds lacking in Yihe Plaza and solve his money shortage.

Speaking of Jardine Group, the first time it appeared in Mo Xuan’s mind was because of Li Jiacheng.

There is no need to say much about Li Jiacheng's deeds. The world's richest Chinese who has been ranked 15 years ago is enough to explain everything.

As the richest man in Chinese, Mo Xuan in his previous life also often studied Li Jiacheng's experience and glorious deeds.

In his previous life, Mo Xuan has always been looking forward to whether he can get some inspiration from the deeds of the richest Chinese.

To make yourself successful one day, it will not be considered a lifetime of life.

When it comes to Li Jiacheng's glorious deeds, we have to mention his legendary experience of taking over the Whampoa Hutchison.

In fact, in addition to this, Li Jiacheng also has an investment that makes him proud, and he still often mentions it to others decades later.

And that deed that made people talk about was the acquisition of Xiangjiang Electric Lighting Company at a low price, which added a very stable golden cow to his career territory.

Xiangjiang Electric Lighting is the first power company in Hong Kong founded by Paul Cedar, the "father of the colony", and is also one of the two power companies in Hong Kong, and the other is Zhonghua Electric.

Before its founding of its competitor Zhonghua Power, Xiangjiang Electric Lighting was the only one who monopolized the Hong Kong power lighting market. Its power supply reliability remained "one of the world's best records."

Unlike most British-funded enterprises that are in decline, in the middle of the 20th century, Hong Kong's population soared and industry and commerce flourished. Xiangjiang Electric Lighting seized the pulse of Xiangjiang's economic transformation in a timely manner, carried out diversified operations such as real estate and engineering, and once ranked among the top ten listed companies in Xiangjiang.

In 1982, Jardine Group Chairman Niu Bijian launched a large-scale acquisition in Xiangjiang, and through its subsidiary Xiangjiang Land Group, acquired 34.9% of Xiangjiang Electric Lighting stocks, becoming the actual controller of Xiangjiang Electric Lighting. However, this is contrary to the strategic plan of Jardine Group's major shareholder Keserk family to "evacuate Xiangjiang".

Newbi insisted on using a large amount of cash to acquire Xiangjiang Electric Lights, constantly dragging Xiangjiang Land into a financial dilemma, which greatly weakened Jardine’s vitality. A year later, the Kessek family took over Jardine, and the most urgent task was to divest non-performing assets.

Xiangjiang Electric Lighting, which was just acquired by Jardine Mathematics Group, is among the divested assets.

And this gave Mo Xuan a once-in-a-lifetime opportunity, because in Mo Xuan's memory, it was at this time that the famous Li Jiacheng and Li Chaoren took action.

Against the backdrop of British-funded enterprises evacuating Xiangjiang, investors withdraw funds, and the asset value of Xiangjiang Electric Lights has been seriously underestimated.

However, after nearly a hundred years of development, the power supply system of Xiangjiang Electric Lights has been very perfect and mature. This area is an absolute high-quality asset and still has great room for appreciation in the future.

At the same time, the power plants and distribution stations under Xiangjiang Electric Lighting are all in advantageous areas and have a large number of property units. For Li Jiacheng, who had just intervened in the real estate industry at that time, the investment value was very obvious.

When Newbijian was in power, Li Ka-shing asked Yage to buy Xiangjiang electric lights, but was rejected because of his low bid.

The first thing the Kessek family did to take over Jardine was to find Li Jiacheng and discuss the possibility of continuing the negotiations.
Chapter completed!
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