We're building a super chaebol in Hong Kong

"Yes, as our business grows and becomes more extensive, the headquarters is also adding more positions. Currently, the Su Family Group headquarters building is indeed not large enough for office space. We can only move many subsidiaries' offices out and leave more space for the headquarters. As you know, Xia Yi Media Company has already moved to Peter Building across the street, and other subsidiaries have also rented other offices for their own operations. Now, in the Su Group Building, only a few subsidiaries' headquarters have not moved out yet," Yang Chaoye nodded.

Originally, Yang Chaoye also hoped to change to a new building as the headquarters, but after learning that Su Cheng was planning the Tseung Kwan O area as the headquarters area, he no longer mentioned this matter.

For Yang Chaoye, the lack of space in the Su Group headquarters building was not a difficult problem.

If it really didn't work, he could just buy another building.

Now, the Su Group is rich and powerful. Oracle Computer Co., Ltd. has even proposed to him to build a building for Oracle to use as the company's headquarters.

After all, with the current strength of Oracle Computer Co., Ltd., it is somewhat inappropriate to keep the headquarters in the industrial park.

Today, Oracle Computer Company has the ability to generate annual sales of billions of Hong Kong dollars and is the most profitable subsidiary of the Su Group.

With their strength, buying a building in Central is not difficult.

If they buy in a more remote area, such as North Point, Quarry Bay, or even Kowloon Peninsula, a building of a dozen or twenty floors can be acquired for tens of millions of Hong Kong dollars.

Central is definitely much more expensive. A building of a dozen floors would cost at least three to four hundred million Hong Kong dollars or more, depending on factors such as location, building age, and floor area to calculate the price.

Three to four hundred million Hong Kong dollars is something that Oracle Computer Company can afford. Of course, such a large transaction would definitely require the consent of the boss, Su Cheng.

For the time being, renting office space outside will not put pressure on the major subsidiaries of the Su Group. Since the opening of the Oracle brand experience store, these subsidiaries have also benefited, and basically every company's income has increased significantly, with substantial profits.

"This is also the reason why I came to you. I plan to get a building for you to work in. At that time, not only will the employees of the Su Group headquarters have enough space, but also the office areas of the subsidiaries will be sufficient!" Su Cheng said with a smile.

"Oh? Where is it?" Yang Chaoye asked curiously.

"Federal Building, do you know it?" Su Cheng said.

"Yes, of course, I know it. It's only a few hundred meters away from us. I also know that it used to be the tallest building in Hong Kong. As far as I know, it should be a property of Wheelock Group's Federal Land, right? Boss, can you get the Federal Building from them?" Yang Chaoye asked in surprise.

The Federal Building is 31 stories high. Although it is no longer considered a top skyscraper in Hong Kong today, its popularity is greater than many taller buildings because it was once the tallest building.

"Well, Wheelock is currently listing it for sale, and the price is reasonable. I plan to buy it. At that time, it can be renamed the Su Group Building. Part of it will be used for the Su Group's offices, and the rest will be rented out. However, I will purchase the building in the name of Tianqi Property Company," Su Cheng said.

Su Cheng planned that all the properties he was going to purchase next would be under the name of Tianqi Property Company.

Because if Su Cheng personally holds these properties, he will pay higher taxes.

Renting out in the form of a company holding the property will reduce taxes a lot.

Anyway, these are all companies wholly owned by Su Cheng. There is not much difference between company ownership and personal ownership for Su Cheng.

"That's really good news. The land of the Federal Building is actually better than ours here, and it can be seen clearly from Tsim Sha Tsui in Kowloon. If we put the Su Group's sign on it, it would be a good advertising space," Yang Chaoye said with a smile.

Today, with the increasing number of high-rise buildings in Central, Wan Chai, and other places, the number of buildings over 100 meters high has been constantly increasing throughout the seventies. The Federal Building has long fallen out of the top ten among the skyscrapers in Hong Kong, but its reputation is still more well-known than many newly built buildings.

"At that time, you can see how many floors of space you need for office use. I will let Tianqi Property Company hand it over to you. The entire building will be managed by Tianqi Property Company. You should know about this newly established Tianqi Property, right? Now I am buying a lot of properties, so in the future, the companies under my Su Cheng will no longer need to rent office space from other companies," Su Cheng said.

"Okay, I will cooperate," Yang Chaoye nodded.

Anyway, the company does not need to pay rent. They are all Su Cheng's properties, so it is the same for whoever gets them.

"In addition, the Su Group Building here, I will requisition it for other uses," Su Cheng continued.

"Oh? Boss, what do you plan to use it for?" Yang Chaoye asked curiously.

He thought that after moving over, the Su Group Building would continue to be used by the Su Group.

"I plan to use it to exchange a property with Jardine Matheson Group," Su Cheng said with a smile.

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"I see," Yang Chaoye nodded. He didn't continue to ask, because it wasn't necessary.

After he finished speaking, he walked to the window of the office and looked out. In the high-rise buildings of Central, he quickly found the Federal Building.

"Boss, is that the building?" Yang Chaoye asked with a smile, pointing to the Federal Building.

The distance of five to six hundred meters is not very far, so it can be seen very clearly.

"Yes, that's the building. I plan to find a time to talk to the Wheelock Group and take it down as soon as possible, so that you can move over there to work," Su Cheng also looked over there and said with a smile.

Therefore, it is really not an exaggeration to say that the Su Group ranks in the top ten in Hong Kong. (End of this chapter)