I Want To Be a Rich Man on Hong Kong Island

After seeing off the children, Wu Guangyao and Lin Yueru came to the Central District Wharf and took the Star Ferry.

"It's so inconvenient! An undersea tunnel should be dug between Kowloon and the main island for vehicles on both sides of the strait!" Wu Guangyao said. He seemed to remember that the undersea tunnel would be opened in ten years. Wu Guangyao felt a headache on the Star Ferry.

Of course, there is another way, that is to live in Kowloon!

However, most of Wu Guangyao's luxury properties are on this island, so he naturally has to live on this island permanently.

Lands and properties such as Deep Water Bay, Repulse Bay, Barker Road, Mid-Levels, and Shek O are all on the island.

"The undersea tunnel? How much does it cost? The Hong Kong government is willing!" Lin Yueru took Wu Guangyao's arm and leaned tightly together.

"No matter how much money is spent, the Hong Kong government will not lose money. Do you think there is a reason for the Hong Kong government not to charge after repairs?"

"That's true!"

At 8:30, the two came to the Yangtze River Central Commercial Complex, and then separated, each walking towards a commercial building.

Lin Yueru needs to go to Baiyou Group, while Wu Guangyao wants to go to Global Shipping, and the two companies happen to be in different buildings.

Global Shipping delivered a perfect score in 1960, with an annual profit of US$180 million;

And the 180 million US dollars is lying in the account of the global shipping company, which can be called at any time;

As for the loan, it has already been repaid cleanly, and even invested in many container terminal projects.

The profit of 180 million US dollars is the sum of the profits created by 1.5 million tons of old ships and 3.55 million tons of new ships in 1960.

And in the following year (1961), the old ship has been reduced to 800,000 tons; the new ship will gradually increase by 1.55 million tons to 5.1 million tons within one year;

Overall, the number of ships has increased, but 60% of the ships in the contract business have been converted to three-year contracts, and the profit is only 80% of the short-term;

On the whole, the number of ships has increased and the profitability has decreased, so the profit estimate is still US$180 million.

When HSBC learned that Global Shipping made a profit in 1960, the executives of HSBC couldn't keep their mouths shut for a long time, and the shock was beyond words.

$180 million profit,

If it is used for dividends, HSBC can get 40 million US dollars, which is almost 230 million Hong Kong dollars.

Last year, HSBC’s total profit was only 210 million Hong Kong dollars, which was not as high as the dividends of global shipping.

Of course, HSBC is not just a profitable company, and HSBC has too much money at its disposal!

But no matter what, Wu Guangyao's Global Group alone has surpassed HSBC and Jardine Bank to become the largest company on Hong Kong Island.

HSBC executives never want a Chinese company to develop faster than HSBC;

Just like in the 1970s, when Jardine Matheson wanted to annex Hutchison Matheson, HSBC would block it so that the scale of Jardine Matheson would not surpass HSBC Matheson.

But global shipping is different. In 1953, Wu Guangyao took HSBC as a shareholder, which was equivalent to tying them to his warship;

In addition, Global Shipping is engaged in global business outside of Hong Kong Island. No matter how NB is in Hong Kong Island, HSBC Bank can't reach so far!

Not only global shipping, but also industries such as Lenovo Electronics, zipper industry, and Shining Star Hotel do not need to look at the face of any company on Hong Kong Island.

Because these companies have already left Hong Kong Island and went to the world.

The offices of World Shipping are located on the top three floors of the building, with a total area of ​​70,000 square feet.

Wu Guangyao didn't go to his office, but came directly to the conference room. A shareholders' meeting needs to be held today.

Global shipping executives and representatives of HSBC Bank have all arrived, it seems that Wu Guangyao is waiting!

Wu Guangyao took a look and saw that there were four people from HSBC Bank. It seemed that they thought they were here to distribute money this time, otherwise there would not be so many people here.

Everyone greeted each other, and then entered the formal meeting.

"As you all know, Global Shipping has overcome many difficulties and achieved remarkable results in the past year."

Wu Guangyao's words have been unanimously agreed by everyone. In recent years, shipping has not been particularly easy. The oil company has retaliated wildly against the ship owner and desperately lowered the price, just like the ship owner raised the price on the ground.

But the global shipping obviously minimized the loss, which is due to all the original layout;

In the European and American markets, during the period of the Suez Canal, Global Shipping took the initiative to show favor to various customers in the form of discounts;

In the Dongying market, we have signed a three-year memorandum of cooperation with old customers and major customers, and the premise is also discounts and guaranteed ship supply.

"Then HSBC can come and give us an opinion on how to deal with last year's profits!" Wu Guangyao seemed in no hurry, not afraid of HSBC talking about dividends at all.

Sandas was stunned. For such a big matter, this guy didn't start to determine the general direction first, but let HSBC to talk about it first!

After a moment of silence, Sandas said: "If Mr. Wu has no plan to buy a ship, 60% of the money should be used for dividends!"

After Wu Guangyao heard this, he suddenly felt that Sanders still had a vision, and he didn't directly say that he wanted to pay dividends!

"Of course I choose to buy a ship, and this time I will build a large number of ships. My plan is to build another 2 million tons of ships."

Wu Guangyao's words made the HSBC private in the meeting room gasp. Everyone came to the meeting beamingly because they were planning to come to the meeting; they didn't expect that in the end, they would have to spend hundreds of millions of dollars.

The so-called loan shipbuilding is not a one-time loan payment by the bank; rather, the bank pays a certain amount of shipbuilding costs to the shipyard every month, and it can be paid off within the shipbuilding cycle (usually about 18 to 26 months). .

"Mr. Wu, isn't this a bit aggressive!" Sundas questioned. The cost of building a ship with a deadweight of 2 million tons is at least 280 million U.S. dollars, and the estimated interest is about 330 million U.S. dollars.

However, Global Shipping only has a cash flow of 180 million yuan, and some funds have to be reserved for investment.

"It's still the same old saying, to do shipping is to seize the opportunity, and if you are late, you will lose countless profits and increase infinite risks. Well, it's a bit like stock trading. The people in front have already made a profit and left; the people behind follow in. It belongs to receiving orders. You, HSBC Bank, actually understand that the shipping industry has great potential, otherwise you would not have given large loans to other shipping companies!" After Wu Guangyao finished speaking, he looked at the people of HSBC Bank with a smile, with a hint of playfulness on his face.

The four of HSBC smiled wryly, this one is running on HSBC!

"Mr. Wu, our HSBC Bank is a financial institution, and loans are our main source of profit; naturally we will not reject shipowners who have potential and qualify for loans." Sandas said.

"Haha, I understand! I just want to express that shipping is still an industry full of potential, and our global shipping needs to develop vigorously; as for dividends, I think we can wait until the global shipping capacity reaches 10 million tons! I believe HSBC can Understand, after all long-term investment, the benefits will be greater.”

After Wu Guangyao finished speaking, the four at HSBC made eye contact, and then Sanders said, "Well, we recognize Mr. Wu's vision and are willing to accept this plan and provide a loan."

HSBC not only earned Wu Guangyao's interest, but also made a loan selection based on the barometer of Wu Guangyao's shipping and real estate companies.

For example, when Wu Guangyao's company develops real estate on a large scale, HSBC is much more relaxed about real estate loans, and the same is true for shipping!

After all, HSBC witnessed the development and rise of Wu Guangyao!

"Well, as everyone knows, Global Shipping itself has an 800 million US dollar fleet, so it can be said that it is not a problem to get a loan from any bank; moreover, Global Shipping now holds long-term contract orders worth hundreds of millions of dollars, which is a low-cost Risky company; with so many advantages, you HSBC don't have to worry about any problems." Wu Guangyao said confidently.

Global shipping has no debt, which shows the earning power of global shipping!

At the beginning, HSBC only paid 14 million US dollars plus a 35% stake in Hong Kong Island Airlines to obtain a 22% stake in Global Shipping.

Today, the value of this 22% of Global Shipping shares is as high as more than 180 million US dollars, which has increased by more than ten times, and only 8 years have passed.

Therefore, this investment should be the best investment made by HSBC so far.

"That is, our HSBC Bank has always been optimistic about Global Shipping, and it is an alliance with Global Shipping, so we naturally support the expansion of Global Shipping." Sanders once again expressed HSBC's position.

At this time, Wu Guangyao completely got rid of HSBC; if Wu Guangyao wanted to get a loan, the bank would have to queue up.

Banks of America, in particular, have frequently shown favor to Wu Guangyao, hoping to cooperate!

Wu Guangyao did not refuse, and when he planned to invest in a five-star hotel in the future, he could consider American banks!

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