I Want To Be a Rich Man on Hong Kong Island

Chapter 115 LC Bank Letter of Credit

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Wu Guangyao took He Yuanzhang to Dongying by plane, and immediately came to the energy company he cooperated with, and met Nozawa Takahashi.

Nozawa still knew English, so Wu Guangyao entrusted the Japanese translator he found with the company here, and it became a decoration.

Wu Guangyao said directly: "Mr. Nozawa, Dongying is now vigorously developing its economy, which must be supported by energy. Your company's business must be very busy, and there must be a shortage of freighters!"

Nozawa didn't know what kind of medicine Wu Guangyao was selling, and he came to Dongying in a hurry. Could it be that he still has a freighter in his hand?

If this is the case, it is obvious that this Hong Kong Island businessman should pay attention to it recently!

Yes, our own energy company is short of tankers.

But because the Japanese government implements strict foreign exchange control, it is too troublesome to buy new ships and second-hand ships.

Now Dongying's customers like to rent a boat, clean and tidy!

But is there any company for young people in front of you?

Nozawa thought for a while and said: "Lack, maybe your company still has it, preferably a 10,000-ton tanker!"

Wu Guangyao said: "If your company can contact Dongying's bank and open an LC bank letter of credit for our global shipping, our company will have a million-ton freighter in the next five years!"

When Nozawa heard this, he shook his head without hesitation and said, "It's impossible, so our energy company and the bank have taken the risk. Mr. Wu, we are just cooperating for the first time, isn't it suitable?"

Faced with this basically impossible thing, Wu Guangyao did not back down, but first talked with Nozawa about his entrepreneurial experience and his relationship with HSBC.

Nozawa listened very seriously, he did not expect the young man in front of him to have such a legendary experience and such courage.

Nozawa heard about it, and interjected: "Mr. Wu, although I admire you very much, I still can't agree to your request, because this is too risky, and we are only working together for the first time!"

Wu Guangyao smiled and said, "Mr. Nozawa, please listen to me..."

"If you cooperate with us for a long time, I will be responsible for the shipping affairs to the end! The management of the crew, the maintenance of the cruise ship and any problems, our global shipping will immediately fly to repair,

Never let you worry. "

After Wu Guangyao said the first item, Nozawa was moved.

For Sarah?

It stands to reason that if the ship is leased to others, it will be used by others, so what responsibility should it bear?

But the promise of the global industry has indeed saved Nozawa's energy company a lot of trouble!

Wu Guangyao looked at Nozawa, and saw that although he was moved, he quickly covered it up.

Obviously, Dongying people are very smart, and Nozawa still wants Wu Guangyao to continue to give him a discount!

Wu Guangyao went on to say: "Our management is very perfect, you can rest assured. Also, if the ship is wrecked, I don't want a cent of the compensation paid by the insurance company, and all of it belongs to you. I will let the insurance company pay the insurance money. They will all be credited into your company's account!"

Nozawa was finally moved by Wu Guangyao's sincerity, because everyone in the shipping industry knows that the sea is ruthless, the wind and the clouds are changing, and the journey is full of various risks.

In case of an accident, the insurance company's compensation is very considerable, which can be regarded as a very good way to make up for the loss.

Nozawa knew very well what giving up this money would mean to global shipping.

The shrewd Nozawa still thought over and over again, and finally agreed to take Wu Guangyao to find the cooperating bank manager.

In the bank, Nozawa helped Wu Guangyao to persuade the bank manager together, and Wu Guangyao finally got his wish.

Wu Guangyao got the LC bank letter of credit for his road to the ship king, and immediately flew back to Hong Kong Island to meet Sandas.

Wu Guangyao also understood why it wasn't William. The only one who had the courage to do this was Sandas.

Sandas looked at the LC Bank letter of credit issued by Dongying Mitsubishi Bank for Wu Guangyao in his hand, full of shock!

A Chinese person with no background and zero shipping experience was able to obtain a genuine letter of credit issued by the Mitsubishi Bank of Japan in just a few days.

It's incredible. Originally, I thought, if Wu Guangyao didn't get this letter of credit, then I would lower my goal a bit.

Five-year load capacity of 500,000 tons, I help him complete it.

In my opinion, Wu Guangyao has actually made the Arabian Nights happen, so why would I have any reason to back down?

Surprised, Sandas began to admire Wu Guangyao, maybe this will be his partner and helper in his career in the future.

As a bank, credit is the most important thing. Sundas immediately agreed to Wu Guangyao and signed a cooperation agreement with Wu Guangyao!

So far, Wu Guangyao has cleared away the last obstacle on the way of the ship king!

The so-called cooperation agreement is just that Wu Guangyao will get 60% of the loan from HSBC for every ship he buys; and for the other 40%, Wu Guangyao needs to find a way by himself.

You can't be a white wolf with empty gloves!

After signing the agreement, Sandas and Wu Guangyao became close. From this moment, their fates were tied together.

It's a success, Wu Guangyao is the world's shipping king, and Sanders is promoted to the chairman of HSBC Bank!

If it fails, Wu Guangyao is afraid that if he wants to compete with the four major families and become a world-class chaebol, there will be twists and turns!

After the contract was signed, Wu Guangyao invited Sandas and William, as well as He Yuanzhang, and the four of them came to a western restaurant together.

Eating steak and drinking red wine is acceptable to Wu Guangyao, a modern person.

But judging from He Yuanzhang's expression, it feels a bit strange, obviously he hasn't adapted yet!

Sanders is a tall, handsome English gentleman, and his eating movements are rigid, which makes Wu Guangyao's obsessive-compulsive disorder come out.

After swallowing a small bite of steak, taking a sip of red wine, and wiping his lips with a towel, Sanders said, "Wu, what is your plan for buying a ship?"

Hearing this, Wu Guangyao also put down the tableware in his hand, and said, "First, we need to buy a few second-hand ships, and then after the American shipping company I know has completed the construction of the shipyard in Dongying, it will order to build new ships."

Sanders said: "I know George Marden, the chairman of Wheelock Group, and he is also the head of Far East Shipping. He may have a second-hand freighter to sell!"

When Wu Guangyao heard about Hui Defeng, he couldn't help thinking about the fact that he was bought by the charter king in later generations.

Although Wheelock Group is an established foreign firm, it has experienced the difficult journey of being almost acquired by Jardine Matheson in 1974 and successfully acquired by Chartered King in 1985.

In 1974, Madden of the Wheelock Group was already in a slump. He arranged for Jardine and Landmark to propose the acquisition of Wheelock on October 21, 1976. The news caused a sensation in the market. If the merger is successful, the strength of Jardine Will surpass HSBC.

In 1976, Hutchison International, which received a substantial shareholding from HSBC, immediately announced its involvement in the acquisition war on October 26. During this period, many British and Chinese companies were rumored to be interested in buying.

In the end, this acquisition battle was finally difficult due to the competition of multiple companies.

Wu Guangyao said: "Thank you very much. I planned to go to England to buy a second-hand freighter. It would be even better if Far Eastern Shipping has a suitable one!"

Sure enough, people in flowery sedan chairs are carrying people. As long as we start at the beginning, it will be smooth sailing later!

.........

The last 30 zipper machines of PG Zipper arrived in Hong Kong Island at the end of May as scheduled.

In the competition with YKK, it took the lead in completing 100 automatic zipper machines.

At this time, in the PG Zipper Industrial Park, there are already 2,000 workers, and it has become a veritable manufacturing kingdom.

Only when the profits of PG Zipper ensure its own development can it provide funds for Wu Guangyao to develop shipping.

There seems to be a profit of 15 million Hong Kong dollars per year, but R\u0026D alone requires 3 million Hong Kong dollars, plus investment in the Star City zipper factory, and subsequent machinery additions and replacements.

Wu Guangyao estimates that PG Zipper can provide 8 million Hong Kong dollars (2 million US dollars) of funds each year for Wu Guangyao to develop shipping.

At the price of a 10,000-ton freighter of US$800,000, Wu Guangyao needs to pay a 40% down payment, which is US$320,000.

Common sense calculations can increase the load capacity by 70,000 tons a year, but don't forget that Wu Guangyao basically plans to buy second-hand freighters.

In addition, a second-hand freighter can pay off the loan in two or three years, and at that time, the freighter can be used as collateral for refinancing.

In 5 years, even if the load capacity of 1 million tons of global shipping cannot be achieved, it is nothing. This is just a slogan and a goal!

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