People in Hong Kong create super chaebols

"Okay, let's not talk about this anymore. You are watching over Tianyuan Investment Company. I can rest assured. Let me tell you the purpose of coming to you this time. You can help me register an independent property company and form a professional property team. , I am of great use." Su Cheng said directly.

"Property company? As far as I know, both Hutchison Whampoa Group and Su Group have professional property companies. Boss, why do you want to register an independent property company?" Zhang Qizheng asked in surprise.

Let’s not talk about the property company under Su’s Group. It’s not big in scale. After all, Su’s Group has not been involved in the real estate industry for a long time. The property company is regarded as a supporting enterprise of the real estate company. The real estate industry has not developed much yet. The property company The natural scale is not that great either.

But it is different with Hutchison Whampoa Group. Hutchison Property Company itself is a large-scale subsidiary of Hutchison Whampoa Group. If it is listed independently, the market value will definitely exceed [-] million.

This Hutchison Real Estate Company was also developed together with Hutchison Real Estate Company. It now manages more than [-] properties throughout Hong Kong. In addition, it has operations in Singapore, Manila and Kuala Lumpur. If only Calculating the property industry rankings, Hutchison Property Company ranks among the top ten in Hong Kong.

As for Hutchison Real Estate Company, due to the privatization of Hutchison Whampoa Group, it can be said that Hutchison Real Estate Company is also equivalent to a private enterprise in Sioux City.

Therefore, it is a bit strange that Su City wants to set up an independent property company.

This seems to be a superfluous thing.

Normally, if Su Cheng arranges a task, even if Zhang Qizheng has questions, he rarely asks and just handles the matter directly for the boss Su Cheng.

Perhaps it had been too long since he had met Su Cheng today, and because he was so curious, Zhang Qizheng couldn't help but ask.

"It's okay to tell you. I am planning to purchase some properties, such as office buildings, commercial buildings, industrial parks, factories and warehouses, etc. After purchasing these properties, I will only rent them and not sell them. I will set up a new property company to manage these properties. At the same time, it mainly focuses on rent collection. Although Hutchison Property Company is a relatively mature property company, it is a subsidiary of Hutchison Whampoa Group after all. If my newly purchased property is included in Hutchison Property Company, it will be quite good. Yu has been incorporated into the management of Hutchison Whampoa Group, so I want to set up a separate property company, which is not under anyone's jurisdiction, and the person in charge will directly contact me." Su Cheng said with a smile.

After Zhang Qizheng listened, he finally understood and nodded.

As a business manager, he certainly understood what Su Cheng meant.

If Sioux City now privately invests money to acquire a property and then merges it into the management of Hutchison Property Company, then the income it generates will belong to Hutchison Whampoa Group, and the group will have the right to arrange the use of these funds.

Su Cheng is not willing to do this. He does not acquire properties for Hutchison Whampoa Group to manage. If one day Weili sells some properties and embezzles funds to develop other subsidiaries, he may not know. After all, He usually doesn't bother to care about these little things.

The purpose of purchasing properties in Sioux City is simply to collect rent every year while waiting for the appreciation of these properties.

Just like today's Wharf Group, in fact, most of the company's income mainly comes from rent collection.

The rate of making money from rent collection is definitely relatively slow, but only Su Cheng knows how terrifying the real estate development in Xiangjiang will be in the future.

In the late 70s, an ordinary building with a height of more than 10 floors in Central might only collect a few million Hong Kong dollars in rent a year. However, in the next few decades, a building with a rent of hundreds of millions or even billions a year would be It is a normal thing, and the house prices in the future will be even higher than now.

Su Cheng once read an article in his previous life. In the past fifty years, the overall housing prices in Xiangjiang have increased by as much as 400 times, and some shops have increased by more than 8000 times. Originally, he had no such idea. After all, business and investment were actually more profitable.

However, there are too many excess funds now, and lying in the bank will only keep depreciating. It is better to turn some of the funds into fixed assets.

At least in this era, real estate is still relatively cheap for Sioux City.

Therefore, Su Cheng had the idea of ​​setting up a new property company to help him collect rent.

The staff size of this property company does not need to be large, but the funds received every month may be relatively large, so it also requires very professional personnel to manage it.

Regarding professionals, Su Cheng is not worried about this problem. Sanyo headhunters can help him find such professional management at any time.

In Xiangjiang, it may be difficult to find high-tech talents, but there is definitely no shortage of management in the property field. As long as the treatment is good, there is no need to worry about finding good management.

Moreover, the person in charge of recruitment does not have the right to use funds. All funds will be connected with Su City from the finance side.

"Boss, leave this to me. I will get it done for you tomorrow. Let's put the company's office here at Tianyuan Investment Company first. In addition, what is the boss going to do about the recruitment of the person in charge?" Zhang Qizheng asked.

"Let's let the general manager of Hutchison Property Company serve as the person in charge of the new company first, and then give Sanyo Headhunting Company time to find a capable successor. I will tell Mr. Wei Li about this." ." Su Cheng said directly.

The new property company will definitely not have a lot of work, and if it is part-time, it will not have much impact on Hutchison Property Company, so if you mention this matter, there should be no objection.

As for regular employees, recruiting is even simpler.

As for the financial personnel, it is enough to send someone directly from Tianyuan Investment Company. The income structure of rent collection is simple and there are no complicated income and expenses.

"Okay, is there anything else to do?" Zhang Qizheng took over the task and continued to ask.

"Look for me, use intermediary companies and other resources to see what office buildings, commercial buildings, and commercial buildings are on both sides of Victoria Harbor such as Central, Causeway Bay, Wan Chai, Tsim Sha Tsui, Hung Hom, etc. in the city center areas of Hong Kong Island and the south of the Kowloon Peninsula. The more industrial parks, factories, warehouses, etc. that are urgently sold below the market price, the better. When the time comes, I will see which ones are suitable for me to acquire. If there is a suitable one, I will take it." Su Cheng thought for a while , said.

"There are a lot of properties that are urgently sold, especially in recent years when the market has been bad. Many companies or individuals choose to sell properties in order to reduce pressure. Boss, how much money do you plan to acquire for the property?" Zhang Qizheng asked.

"There are no restrictions for the time being. As long as it's suitable and I think it's worth it, I can buy it. Even if the Kang Le Building is for sale, as long as the price is right, I can buy it!" Su Cheng said with a smile.

Connaught Building, located in Connaught Plaza in Central, Hong Kong, is 52 floors (178.5 meters) high. It was built by Hong Kong Central Land Company and completed in 1973. It is the first skyscraper in Hong Kong and was the tallest in Hong Kong and Southeast Asia throughout the 70s. building until the early 1980s when it was replaced by Hopewell Centre. (End of chapter)