We're building a super chaebol in Hong Kong

#589 - Investing over 10 billion!

The five-year tax exemption period was something that the Hong Kong Governor, Murray MacLehose, had also tried to secure for him, but with more industry restrictions.

According to the conditions Su Cheng had discussed with MacLehose, only industries like Oracle Computer and semiconductors would be within this five-year tax exemption range.

As for mid-to-low-end technology manufacturing like ordinary appliances, it was not within the scope of the tax exemption.

In addition, Su Cheng also secured a three-year tax exemption period for Tianwen Petroleum Company.

These two points, compared to the promise from Macau that all industries except gambling and real estate would be tax-exempt for five years, naturally made Macau's policies more favorable.

Watching everyone return to their respective companies to work, Su Cheng went back to his private reception room.

Yang Chaoye followed him.

"Boss, how do you plan to invest in Macau?" Yang Chaoye asked, sitting opposite him on the sofa.

Yang Chaoye had been in Hong Kong for almost a year.

During this time, he had naturally been to Macau, but he wasn't very familiar with it.

Macau has some renown in Southeast Asia and East Asia, but its popularity in Europe and America is not as great.

Therefore, before joining the Su's Group as CEO, Yang Chaoye didn't know much about the inconspicuous small city of Macau.

It was after arriving in Hong Kong, especially after Su Cheng took him to meet the Governor of Macau and he heard the conversation between the Governor and Su Cheng, that Yang Chaoye knew that his boss attached great importance to Macau.

Therefore, Yang Chaoye also took the opportunity to visit Macau on his own to investigate.

In his opinion, present-day Macau, apart from the core area of the city center which resembles a prosperous metropolis, is like a slum in other places, not only chaotic but also giving him the impression of being dirty and disorganized!

However, changing this is actually very simple, because Macau is small enough.

As long as Macau undergoes a major reform, it won't take long for Macau to transform into a brand-new image.

And Su Cheng's role as the chief economic designer of Macau gives him the power to change the face of the city!

Therefore, after learning that Su Cheng might become the chief economic designer of Macau and was valued by the Governor of Macau, Yang Chaoye did not object to Su Cheng investing heavily in Macau.

Although sometimes his opposition is useless, he is, after all, the CEO of Su's Group and still has the right to speak; if there is disagreement, disputes may arise between the boss and the professional manager.

Su Cheng had previously promised him that he would not participate too much in the management of Su's Group.

If he let Su's Group invest all its efforts in Macau, and Yang Chaoye didn't approve of it, then it would be equivalent to Su Cheng, the boss, violating the conditions he had promised.

Fortunately, Yang Chaoye is very supportive of Su Cheng's actions.

After all, being able to serve as vice president at IBM, which is full of talented people, is enough to show that Yang Chaoye's abilities and vision are very strong, so he can also see that after Su's Group invests in Macau, the benefits will definitely outweigh the disadvantages!

"Su's Group, Hutchison Whampoa, Tianyuan Investment Company, Tianwen Petroleum Company, and other companies will fully enter Macau, with a minimum investment of no less than 10 billion Hong Kong dollars!" Su Cheng said without thinking.

These were all things he had considered before.

Su's Group, Hutchison Whampoa, and other companies will fund their share of the investment themselves.

And an investment of 10 billion Hong Kong dollars will definitely be able to completely change the fate of Macau, a small place.

Of course, after the Governor of Macau issues his appointment, he will discuss with Yizhidi how to carry out major reforms in Macau, which direction these investments should go, and the rest is just waiting for the support of the Governor of Macau, Yizhidi.

Such a huge investment plan, not to mention a small region like Macau, would be a headline-grabbing piece of news in any country, even the United States.

"More than 10 billion Hong Kong dollars?" Yang Chaoye was a little shocked.

He originally thought that Su Cheng would invest at most a few hundred million or even a billion or two, which would already be a lot; after all, Macau is so small, and this would already show great importance to Macau.

However, Yang Chaoye didn't expect Su Cheng's emphasis to exceed his expectations.

"10 billion Hong Kong dollars seems like a lot, but it's actually not enough for investment. For example, in the real estate industry, if we want to develop real estate there, buying land and building commercial buildings and residential complexes will easily require a lot of investment. Also, large-scale construction of industrial parks and especially the purchase of high-tech equipment are very expensive investments. In addition, investing in airports, transportation facilities, etc., are very costly investments. Of course, it will be a little difficult to recover the costs in the short term, but in the long run, our investment will be very worthwhile," Su Cheng said with a smile.

Not to mention anything else, if the suburban areas of the Macau Peninsula are to undergo urban renewal, demolition and reconstruction will also cost a lot of money, which may require an investment of more than one billion Hong Kong dollars.

But after the urban renewal is completed, it will be the season of harvest.

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This will naturally be handed over to Hutchison Whampoa Properties and Su's Real Estate Company.

Su Cheng believes that currently in Macau, no one except him, Su Cheng, can demolish those shantytowns and dilapidated warehouses and factories on a large scale.

It is precisely because of this that the urban landscape of Macau has made many businessmen give up.

In addition, Taipa Island will also be a key area for Su Cheng's development.

As for Coloane Island, most of the area is mountainous, and there are not many places that can be developed. In the future, it will gradually be connected to Taipa Island due to land reclamation.

As for Macau Airport, Su Cheng had talked about this matter with Mr. He before and had also encouraged him to invest in Macau Airport.

Because Su Cheng knows that Macau Airport will not have a large passenger flow for a long time, and the profits will not be high.

Therefore, it is impossible for Su Cheng to invest in this airport alone.

According to the information he obtained from Xiao Ai, the total investment of Macau International Airport in the future will reach 4 billion Macau Patacas.

It is unknown when it will take to recover such a large amount of money.

But if Macau does not have an airport, it will also affect its development.

Therefore, the best way is to find someone to jointly invest in the airport, and Su Cheng only needs a small investment to get the airport built as soon as possible.

For example, Mr. He, the Macau government, and even businessmen who follow Su Cheng to invest in Macau and benefit from it in the future, may become shareholders of Macau Airport. (End of this chapter)

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