We're building a super chaebol in Hong Kong
#37 - Make Europe the sales market for Su Group’s products!
"Boss, the housing prices in London aren't cheap these days. Buying a building requires a lot of money. I suggest you carefully consider it. Acquiring a building will tie up a lot of working capital," Yu Xing continued to advise Su Cheng.
After all, he had been in London for many years and was very clear that the average housing price in London was similar to that of Hong Kong.
And this building where they were located was even more expensive, five times higher than the average housing price in London, due to its prime location.
"Don't you want the Su's Group to develop in the UK?" Su Cheng asked rhetorically.
"Of course I do. Back then, I was also a regional manager in a multinational corporation. When Chairman Su Tianhe hired me as the head of the UK office, I was very excited because I felt that I had reached a bottleneck in my development at the original company. That's why I switched to Su's Group a year ago. Unfortunately, our Su's Group has no advantages in the UK, and there is not much investment in this area. Even if I want to work hard, I can't do anything," Yu Xing said with emotion.
"I'm very happy that you have this idea. Don't worry, I have enough funds. You should know that Su's Group has been privatized, right? And it also holds 23% of Wharf's shares. You must know Wharf, which is at least ten times larger than Su's Group. Why do I have the money to acquire them? Relying on my father is certainly impossible. I have other sources of funding," Su Cheng said with a smile, revealing a little secret to him.
Yu Xing thought about it and realized that was true. Now, it was no longer the original Su Tianhe who controlled the Su's Group. Su Tianhe couldn't develop Su's Group quickly because of insufficient funds. He had also heard about Su Cheng's affairs.
Even though he was in London, he knew that in mid-May, something shocking happened in Hong Kong, that a company was rumored to acquire Wharf and had already become a major shareholder of Wharf.
At that time, Yu Xing was still sighing at how awesome this big shot was, daring to compete with Jardine Matheson.
Unexpectedly, he later learned through insider information that the person behind it was actually Su Cheng, the boss of Su's Group, who was also his own boss.
At that moment, he even had the idea that Su's Group was about to rise.
After all, to control 23% of Wharf's shares, it would be impossible without the funds of two Su's Groups.
Now that he thought about it, it seemed that what Su Cheng said made sense. He wasn't stupid, otherwise how could he control so many assets!
Moreover, when the news of the privatization of Su's Group reached Yu Xing, he was still sighing about how much cash his boss had.
"Boss, since you are so confident, then I will take care of this matter. I also hope that Su's Group can become bigger and stronger in Europe, otherwise it would be a waste for me to resign and switch jobs here last year," Yu Xing nodded heavily.
Su Cheng sat in the chair and flipped through the financial data here. As expected, it was really wasteful. The annual business turnover was less than one million pounds. After deducting expenses, it basically broke even.
"Don't worry, sit down first. Let's talk," Su Cheng said with a smile.
Yu Xing then sat down on another chair, wanting to see what his boss wanted to talk to him about.
"My father's death, to be honest, was very sudden, so sudden that I didn't even have time to react. So, when I took over Su's Group, our original vice chairman even wanted to seize power, but I drove him away.
Su Cheng said seriously. He didn't lie. In the future, Su's Group will definitely become a multinational corporation, and as the head of this branch, the ability must be strong enough!
"Boss, I am very confident in this. I know my ability!" Speaking of ability, Yu Xing was full of confidence.
"Naturally, if you perform well in the future and pass the assessment, this position will naturally be reserved for you," Su Cheng nodded.
"By the way, boss, this building is actually the property of a Chinese entrepreneur. He and your father are also friends. This is why Chairman Su Tianhe didn't know much about London at the beginning, but finally put the location of the office here. He helped a lot in building the office here," Yu Xing suddenly said.
"Oh? Since he is my father's friend, then you can help me make an appointment with him. I want to talk to him in person," Su Cheng was surprised when he heard Yu Xing's words.
"His office is in this building, but I don't know if he is in the office now. I'll call his office and ask," Yu Xing said.
This building is actually not very tall, with a total height of only 19 floors.
In fact, in London in 1978, there were very few skyscrapers. Today, the tallest building in London is the BT Tower, built in 1964, which is 177 meters (581 feet) high.
High-rise buildings are mostly buildings with a dozen or twenty floors.
Soon, Yu Xing asked.
"Boss, the owner of this building is currently in his office. Knowing that you are here, he specifically asked me to take you to see him," Yu Xing said to Su Cheng after putting down the phone.
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"Okay, let's go. Since he is my father's friend, he is also my elder. Since I'm here, I should meet him," Su Cheng nodded.
"His office is on the 17th floor. We can go straight up," Yu Xing said.
Afterwards, the two left the office one after the other, took the elevator, and came to the office of the Chinese entrepreneur that Yu Xing said.
Coming out of the elevator, what appeared in front of them was not an office, but more like a chamber of commerce club, with a lounge, a kitchen, and an entertainment area.
It seemed that this boss was indeed capable, taking out such a large place to make a club, which was a bit of a waste.
If it were rented out, this place could definitely rent for a lot of money.
Only wealthy people would be so extravagant.
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