We're building a super chaebol in Hong Kong

“Even if Hongkong Land is short of money again, I don’t think they would sell Connaught Centre,” Zhang Qizheng said with a wry smile.

Hongkong Land and Jardine Matheson are essentially one entity. As the tallest building in Hong Kong, owning Connaught Centre is a matter of prestige. Even if Hongkong Land were to sell, they would only sell to Jardine Matheson, right?

Indeed, about ten years later, the Jardine Matheson Group headquarters moved into Connaught Centre, and Connaught Centre was renamed Jardine House.

“I was just giving an example. I won’t force a purchase if they aren’t selling now. There are so many tall buildings in Central Hong Kong, there should be plenty of people willing to sell their properties,” Su Cheng said nonchalantly.

Although Connaught Centre is currently the tallest building in Hong Kong, the title of “tallest building” will be taken over by Hopewell Centre in Wan Chai next year.

Speaking of this, Su Cheng suddenly remembered that when Yang Chaoye had just joined the company, Su Cheng had talked to him about building the world's tallest building in Hong Kong.

At that time, due to the expansion of the Su's Group, the Su's Group Building was no longer sufficient.

However, due to a shortage of funds at that time, the matter was dropped.

Now that he plans to purchase properties, it would be best to buy a skyscraper over 100 meters high so that no matter how fast Su's Group expands, it will be sufficient.

Moreover, construction in Tseung Kwan O is in full swing. In two to three years at most, the initial phase of construction will be completed. By then, senior management of both Su's Group and Hutchison Whampoa, among others, will move there to work.

As for Central, of course, some less important departments will remain to work there.

It was for this reason that Su Cheng did not mention building the world's tallest building later on.

However, if he could buy a good piece of land, Su Cheng wouldn't mind actually building the world's tallest building.

The value of a building will only increase over time. It may cost two or three billion, or even more, to build now, but in twenty or thirty years, the value of this building could be tens of billions. If you add the rental income from those twenty or thirty years, the value will be even higher.

Of course, these are just fantasies for now. To build a super skyscraper, you must first have a suitable plot of land. You can't just choose a place to build it randomly. If you're going to build a super skyscraper, you have to choose the best location to build it, so that the future appreciation potential will be huge.

“Okay, boss, I understand. I will gather the information as soon as possible. It’s not difficult to gather this information. Give me a few days at most, and then I will contact you,” Zhang Qizheng said.

Su Cheng nodded. With money in hand, there’s no rush. He can buy it at any time.

If he's going to buy, of course he'll buy the kind that's being sold urgently, preferably one that he can take advantage of.

Even if he has more money, he still has to save where he can. Not taking advantage of a good deal is foolish.

“By the way, boss, since we are going to set up a new property company, what’s a good name for the company? It would be good to have it when I send someone to register it tomorrow,” Zhang Qizheng continued to ask.

“For the name, let’s call it Tianqi Property Company,” Su Cheng said casually. With so many companies, he doesn’t really care about the name. Moreover, registering this company is just for the convenience of collecting rent. The name doesn’t have any impact on the company.

“Okay, I understand!” Zhang Qizheng nodded.

After arranging things for Zhang Qizheng, Su Cheng stayed at the company for an afternoon, learned about some of the company's recent developments, chatted with some of the more outstanding employees, and then left the Tianyuan Building.

The next day at noon, Su Cheng received a call from Zhang Qizheng that Tianqi Property Company had been registered.

After Su Cheng hung up the phone, he called Wei Li of Hutchison Whampoa Group, briefly told him about Tianqi Property Company, and then asked him to find the general manager of Hutchison Property Company and let him temporarily serve as the general manager of Tianqi Property Company. Once a successor is found, he will no longer need to bother him. The new company will pay the salary that should be paid and will not mistreat him.

“Okay, thank you,” Su Cheng nodded.

“By the way, boss, there is something I also want to tell you. The Hongkong Electric side can now be handed over to Mr. Ma with confidence. After these few months of observation, I think he is already competent for the position of President of Hongkong Electric. They basically don’t need me there now. I am also quite busy here at Hutchison Whampoa and have limited energy. I feel embarrassed to continue taking this salary,” Wei Li said on the phone.

“Okay, you’ve been troubled these past few months. It is indeed hard for you to keep an eye on two large groups. Well then, at the end of this month, I will directly announce in my capacity as chairman that Mr. Wei Li, you will step down as President of Hongkong Electric, and Mr. Ma Shiming will take over,” Su Cheng said with a smile.

Although he rarely goes to Hongkong Electric, he still pays attention to the situation of Hongkong Electric. After all, Ma Shiming has little experience, and he is also afraid that Ma Shiming will not be able to take on the position of head of Hongkong Electric.

However, obviously, he thought too much.

Ma Shiming not only did well, but even Wei Li praised him.

Under Ma Shiming's management, everything in Hongkong Electric is developing in an orderly manner, without any signs of chaos.

The biggest achievement is that Ma Shiming went to Haojiang last week and reached a cooperation agreement with the Governor of Haojiang. Hongkong Electric will build a power station on Coloane Island in Haojiang to supply the current significantly insufficient power in Haojiang.

This may be the Governor's Office of Haojiang showing goodwill to Su Cheng, hoping that Su Cheng will invest heavily in Haojiang, but it also shows that Ma Shiming's ability is not bad.

“Okay, then I will continue to serve temporarily. Actually, I have already taught him all the experience that should be taught. It is March 20th now. I will step down in another ten days!” Wei Li said.

Wei Li then briefly talked about the recent situation of Hutchison Whampoa Group.

The current Hutchison Whampoa is increasingly different from the Hutchison Whampoa when it was a major shareholder in HSBC. It is not regressing, but constantly progressing.

If the market value of the former Hutchison Whampoa was 4 to 5 billion Hong Kong dollars, he thinks that if the current Hutchison Whampoa Group were to be listed, it could break 10 billion Hong Kong dollars. Even a market value of 20 billion is not enough to represent the true value of Hutchison Whampoa, Wei Li thinks.

After all, the current Hutchison Whampoa is too profitable!

Unlike the previous Hutchison Whampoa, losses were frequent. Even after Wei Li took over, he only got rid of the state of loss. (End of this chapter)