Reborn Tycoon Rise
Chapter 392 Hongmen Banquet (4)
"Invest in Orient Overseas?" Xu Zhi did not answer directly and was silent for a moment.
Li Jiacheng frowned and said, "Huo Sheng, I have never dealt with the shipping industry in my life, and I know nothing about shipping. I don't want to invest casually in industries I don't understand."
Huo Yingdong smiled and said: "Of course, the most important thing about investing is not making money, but risk, so today I specially went with Bao Sheng. Bao Sheng is a professional in this field. How about you two listen to his opinions? "
Xu Zhidao: "We don't understand the professional knowledge either. I just want to ask first, Mr. Bao, how much are you planning to invest?"
Bao Yugang smiled and shook his head: "I have no investment."
"Such words are not very convincing." Xu Zhi chuckled. Li Jiacheng next to him also nodded lightly, obviously agreeing with Xu Zhi's point of view. We are all businessmen. Why don't you, a professional, invest? Let others invest!
Bao Yugang explained: "It's not that I don't want to invest, but my identity is that I am a competitor with Dong Haoyun back then. If I propose to become a shareholder of Orient Overseas at this time, the media will most likely spread rumors that I intend to annex Orient Overseas. The two current brothers of the Dong family may also have the same idea.
Now Oriental Overseas is heavily in debt. The most important thing is to unite as one and find a way to solve the current difficulties. If I buy shares at this time, it will only cause greater chaos and may lead to greater problems for the company. "
Xu Zhidao: "Sheng Bao has indeed considered it comprehensively, but OOIL's current debt is too high and the entire shipping industry is dead. At this time, it is not a good time to invest."
Huo Yingdong said: "Xu Sheng, OOCL's liabilities are indeed high, but its assets are equally rich. It has 150 large ships, including ocean-going tankers, container freighters, bulk carriers and luxury tourist cruises, with a total tonnage of more than 10 million tons. At this time, due to the sluggish shipping market, the valuations of all seagoing ships are low. The price of investing in stocks at this time is very low. As long as you survive this shipping winter, you will definitely get very considerable returns."
Xu Zhi smiled and said: "Since there is such a high reward, why would Huo Sheng bring others to play with him?"
Huo Yingdong said: "Xu Sheng, the biggest problem of OOCL right now is not that there are no orders or business, but also the huge bank liabilities. Because the freight rates in the entire international market have dropped, the company's profit margin has dropped sharply. All current profits All must be used to repay the loan.
At the same time, several banks in Japan, Canada, and the United States have been vigorously collecting debts. If the bank's issues are not resolved, there will be no way for the entire Orient Overseas to get through this crisis with peace of mind. "
Xu Zhi understood something and said: "So the Dong family likes to be able to obtain a sum of funds to stabilize the bank behind them?"
"Yes and no!" Huo Yingdong said: "It is true that we need money, but we also hope that people with strong background can come in" to stabilize the debt collection bank. "
Xu Zhi then asked: "So what if it stabilizes? It is still unknown when the current shipping market will recover. The Dong family has more than 100 ships, and all maintenance costs are much higher than the daily revenue. Even if There is still business at the moment, but the future is unknown. We have invested a large amount of money, so how can we guarantee that OOCL can support the day when the shipping market recovers?"
Huo Yingdong said: "Xu Sheng is indeed very considerate, but Xu Sheng does not need to worry about the order, because this time I am only the one on the surface, but there is someone else behind it."
Xu Zhi asked: "Who is it?"
Huo Yingdong smiled and said: "It's not convenient for anyone to say, but I can guarantee that as long as this stake purchase is successful, the entire Orient Overseas Group will receive a large number of huge transportation orders from the mainland, which is enough to support the normal operations of the entire group."
As soon as he said this, everyone understood that the person behind this must be the mainland government.
The mainland has benefited from reform and opening up. In recent years, the total volume of import and export goods has broken new highs every year, growing at a rate of 30% every year. Although there is already a China Ocean Shipping (Group) Corporation and some provincial-level shipping companies in the country company, but the total scale is far from enough to support the needs of the entire mainland.
At the same time, the country has just reformed and opened up. Even if a large state-owned enterprise like COSCO wants to expand on a large scale, it is unlikely, mainly because of limited funds. Although the domestic shipbuilding industry is developing rapidly and can build ships of 10,000 tons, the current international market The mainstream transportation in the world is 100,000-ton cargo ships, and if it is oil tankers, as early as the 1970s, international shipbuilding companies were already producing oil tankers of more than 200,000 tons.
If you can't produce it yourself, you can only outsource it. Before the 1980s, the price of ocean-going shipping ships was very expensive, costing tens of millions of dollars. The mainland government, which only had billions of dollars in foreign exchange, could not spend its dollars on such things at will. place.
But now, with the outbreak of shipping crisis and ship disaster, it may be a rare opportunity for the mainland government.
For commercial shipping kings, the biggest trouble when a ship disaster strikes is that there are not enough orders to maintain the operation of the entire fleet. The capital chain is easily broken. Once the bank calls for debt, it will be a mess.
However, for the mainland, all it lacks is transportation orders. At this time, there are many benefits to investing in or even controlling a large ocean-going freighter at a low price.
First, although the current shipbuilding industry has also been affected by the shipping crisis, even if international shipyards build ships with zero profit, the price of the finished products will not be much lower. Buying new ships in large quantities will also consume the government's foreign exchange funds, so investing in stocks is now Some large shipping companies can control a large number of ocean-going cargo ships and oil tankers at extremely low prices.
Second, mainland ocean shipping companies can take this opportunity to fully learn and absorb the experience of their overseas counterparts.
After thinking about all this, Xu Zhixiao asked: "Huo Sheng, if this is the case, why do you still need us to invest together?"
Huo Yingdong said: "Xu Sheng, OOCL's current problems, the lack of orders, can be solved by the mainland, but the current US$1.4 billion in loans owed to major banks is too huge, so we hope to introduce more Strong investors, come together to solve this problem.”
Xu Zhi frowned and said, "You won't let us guarantee such a large loan for OOCL, will you?"
Huo Yingdong shook his head and smiled: "Of course it's impossible, Xu Sheng, don't worry, there is one thing you may not know. Tung Chee-hwa has successfully negotiated with 17 banking groups. The banking group promised to help the Dong family to the greatest extent and support Orient Overseas again. , to ensure the common interests of everyone.”
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