We're building a super chaebol in Hong Kong
#323 - It's time for a big development
After taking a sip of water, Yang Chaoye smiled and asked, "Boss, can you tell me now?"
"Yes, I do have something important to discuss with you. It's time to develop the two plots of land in Tseung Kwan O and Clear Water Bay Peninsula. I'd like to trouble Director Yang to oversee this matter!" Su Cheng said with a smile.
"Boss, do you have the funds for development?" Yang Chaoye asked in surprise.
Yang Chaoye was aware of the plans for Tseung Kwan O and Clear Water Bay Peninsula, as he had been involved in the purchase of those two plots of land from the very beginning.
Film studios, corporate headquarters bases, international tourist resorts, real estate development, subway planning, and so on—all of these require money!
Su Cheng had initially discussed with Yang Chaoye to first build the corporate headquarters base and the international tourist resort. If there were sufficient funds, several projects could be developed simultaneously.
The corporate headquarters base was naturally to build headquarters for Su Cheng's various companies, such as Sus Group, Hutchison Whampoa, Tianyuan Investment Company, Tianwen Oil Company, Oracle Computer Company, etc.
Once construction is completed, these companies will all move there.
In addition, the international tourist resort must also be built as soon as possible, at least to gradually improve it, opening up each completed section as it is finished.
The international tourist resort can help bring popularity to Tseung Kwan O, thereby stimulating commercial operations there.
In this way, there would be a reason to extend the Tseung Kwan O subway station to this area.
When Su Cheng discussed this with the Governor of Hong Kong, Murray MacLehose, he had promised that Su Cheng would bear the construction costs of the section of track from Kwun Tong Yau Tong to Tseung Kwan O.
This was to ensure that the Tseung Kwan O subway station could be built as early as possible.
On the surface, this seems like a waste of money, because Tseung Kwan O will eventually have a subway station anyway.
However, waiting for Tseung Kwan O to have a subway station would mean waiting until 2002, which is twenty-four years from now, too far away for Su Cheng.
By spending this money now, according to the timeline, the Tseung Kwan O subway station can be opened as early as within three years.
This is because the Kwun Tong station is currently under construction and it is basically certain that the Kwun Tong station will be officially opened by October of next year.
Now, there is less than a year left until October of next year.
After all, Tseung Kwan O was only recently discussed with the Governor of Hong Kong, so it is temporarily impossible to open it together with the Kwun Tong station.
This is because, before building the track, geological surveys, project preparations, and so on must be carried out, which is difficult to complete in a short period of time.
The current difficulty lies in the complex terrain beneath this high mountain. Whether there is granite or other similar terrain is still unknown. As long as the mountain between Kwun Tong and Tseung Kwan O is tunneled through, extending the subway to Tseung Kwan O will no longer be a problem.
Once the Tseung Kwan O subway station is open, the connection between this area and the city center will no longer be a problem.
At that time, the international tourist resort will naturally become even more popular.
Relying solely on the Tseung Kwan O Water Park is not enough to attract many tourists.
"Well, I'll allocate HK$500 million to establish a development company. You will be responsible for this development company, Director Yang, is that okay?" Su Cheng asked.
Five hundred million Hong Kong dollars is a huge sum of money in this era. Although it cannot fully develop everything in the plan, it is enough to develop the two plots of land in Tseung Kwan O and Clear Water Bay Peninsula for two or three years simultaneously.
After this 500 million is spent, Su Cheng will naturally continue to invest funds.
"No problem. I will have Sanyang Headhunting Company assist me in establishing this company, and strive to start construction within this year!" Yang Chaoye nodded and said.
For him, managing another company is not difficult.
Now, Sanyang Headhunting Company has also become the most important source of talent for Sus Group and Hutchison Whampoa.
As long as there is a lack of talent, not the top-level kind, Sanyang Headhunting Company can find them in a short period of time.
Now, Sanyang Headhunting Company has begun to establish branches in London, Paris, Tokyo, Seoul, Singapore, New York, Los Angeles, and other places.
Therefore, finding talent is easier and faster.
Moreover, it finds talent at the lowest cost, without the need for high agency fees.
Although Sanyang Headhunting Company also charges a certain agency fee, after all, they are their own people, so it certainly does not need to be as much as outside.
Therefore, it is equivalent to saving a lot of expenses for Sus Group and Hutchison Whampoa.
At the same time, the headhunting consultants of Sanyang Headhunting Company have not had their commissions reduced due to the reduction in agency fees. They still receive the same amount as before.
This is also to prevent them from having opinions on the issue of compensation and then jumping ship.
Moreover, the business of Sanyang Headhunting Company is not only aimed at companies under Su Cheng, such as Hutchison Whampoa and Sus Group.
His clients also include major companies in Hong Kong.
In the future, clients will follow an international route. In the future, Sanyang Headhunting Company will serve companies all over the world!
This is the future development direction of Sanyang Headhunting Company, no longer limited to the small place of Hong Kong.
Yang Chaoye is very good at the art of managing people. As long as he manages his subordinates well, and his subordinates are also capable, his work will naturally not be busy.
He only needs to preside over the overall situation.
"Starting construction within the year, the time is a bit tight. Then I'll have to trouble you. Pay more attention to your health and don't overwork yourself," Su Cheng said with a smile.
Speaking of which, Yang Chaoye is now responsible for a lot of work. If Su Cheng were to manage it personally, he would definitely not be able to manage it.
However, after all, Yang Chaoye had been the vice president of IBM for several years, and he had managed tens of thousands of employees. Although Sus Group is now very awesome, compared to IBM, it is not at the same level at all, so he manages it easily.
Now it is October 30th, which means that there are only two months left this year.
Within two months, establishing a development company, preparing construction plans, determining construction teams, and so on, the time is still very tight.
"It's not hard work, it's just a matter of getting paid more," Yang Chaoye laughed.
"The Tseung Kwan O subway project can also contact the MTR Corporation. Let them start construction as soon as possible. We can pay for all the expenses of this line, but you have to supervise the use of funds," Su Cheng continued.
Initially, Su Cheng contacted the chief engineer of the MTR Corporation through the Governor, and they estimated that the line from Kwun Tong Yau Tong to Tseung Kwan O would cost no more than HK$100 million at most.
HK$100 million is nothing to Su Cheng, and this investment is also very worthwhile, laying a very important foundation for the future development of Tseung Kwan O.
However, supervision is still necessary. Su Cheng is unwilling to have the people at the MTR Corporation embezzle the money.
"Okay, I'll find a time to meet with the person in charge of the MTR Corporation to discuss and let them approve the Tseung Kwan O subway station project and start construction as soon as possible," Yang Chaoye nodded and said.
The Tseung Kwan O subway matter has already been approved by Governor Murray MacLehose, and the Transport Department has also held a meeting to confirm it. They are just waiting to start construction.
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