394 Hongmen Banquet (4)

Investing in OOCL?" 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 don't know anything about shipping. ”

Huo Yingdong said with a smile: "Of course, the first important thing in investment is not to make money, but to take risks, so today I deliberately went with Bao Sheng, Bao Sheng is a professional in this area, you can listen to his opinion, how about it?"

Xu Zhidao: "We don't understand the professional knowledge, so I want to ask first, how much are you going to invest?"

Bao Yugang shook his head with a smile and said, "I didn't invest." ”

That's not convincing. Xu Zhi chuckled, and Li Jiacheng next to him also nodded lightly, obviously agreeing with Xu Zhi's point of view, everyone is a businessman, and you, a professional, don't invest, why let others invest!

Bao Yugang explained: "It's not that I don't want to invest, but my identity, and Dong Haoyun back then is a competitor, if I propose to join the shareholder overseas at this time, it is estimated that the media is very likely to spread rumors that I intend to annex OOCL, and the two brothers of the Dong family may also have the same idea."

Now that OOCL is already in debt, the most important thing is to unite and find a way to solve the current difficulties, and if I take a stake at this time, it will only cause more confusion, which may lead to bigger problems in the company. ”

Xu Zhidao: "Bao Sheng is indeed very comprehensive, but OOCL's current debt is too high, and the entire shipping industry is also dead, and this is not a good time to invest." ”

Huo Yingdong said: "Xu Sheng, OOCL's liabilities are indeed high, but its assets are just as rich, 150 large ships, including ocean tankers, container ships, bulk carriers and luxury tourist cruise ships, with a total tonnage of more than 10 million tons. ”

Xu Zhi smiled: "Since there is such a high return, why should Huo Sheng bring other people to play with him?"

Huo Yingdong said: "Xu Sheng, the biggest problem for OOCL at the moment is not that there are no orders, nor that there is no business, but also that the huge bank liabilities are due to the reduction in freight rates in the entire international market, which has led to a sharp drop in the company's profit margin, and all the profits must be used to repay the loan.

At the same time, several banks in Japan, Canada, and the United States have been vigorously urging debts, and if the bank's side of the matter is not resolved, then the whole of OOCL will not be able to tide over this crisis with peace of mind. ”

Xu Zhi understood a little and said, "So the Dong family likes to be able to get a sum of money to stabilize the bank behind it?"

"Yes and no!" Huo Yingdong said: "It is natural that you need money, but I also hope that there will be people with strong backgrounds who can enter" to stabilize the debt collection bank. ”

Xu Zhi then asked: "Even if it is stabilized, it is unknown when the current shipping market will recover, the Dong family has more than 100 ships, all the maintenance costs are much higher than the daily revenue, even if there is still business at present, but the future is unknown, we have invested a lot of money, how can we ensure that OOCL can support the day when the shipping market recovers?"

Huo Yingdong said: "Xu Sheng is indeed very thoughtful, but in terms of orders, Xu Sheng doesn't have to worry, because this time I am just a person on the surface, and there can be someone else behind this." ”

Xu Zhi asked, "Who is it?"

Huo Yingdong said with a smile: "It's inconvenient for anyone to say, but I can guarantee that as long as this investment is successful, then the entire OOCL Group will receive a large number of huge transportation orders from the mainland, which is enough to support the normal operation of the entire group." ”

As soon as these words were said, everyone understood that the person behind this must be the mainland government.

In recent years, the total volume of import and export goods has broken new highs, growing at a rate of 30% per year.

At the same time, the country has just reformed and opened up, COSCO Shipping this kind of large state-owned enterprises even if they want to expand on a large scale is unlikely, mainly limited by funds, although the domestic shipbuilding industry is developing rapidly, has been able to build 10,000 tons of ships, but the current mainstream transportation in the international market is 100,000 tons of freighters, and if it is an oil tanker, as early as the 70s, the international shipbuilding company has been producing more than 200,000 tons of oil tankers.

Before the 80s, the price of ocean-going shipping ships was very expensive, often tens of millions of dollars, and it was impossible for the mainland government, which only had billions of dollars in foreign exchange, to spend dollars in such places at will.

But now, with the outbreak of the shipping crisis and the arrival of the ship disaster, it may be a rare opportunity for the mainland government.

For the king of commercial ships, when the ship disaster comes, the biggest trouble is that there are not enough orders to maintain the operation of the entire fleet, the capital chain is easy to break, and once the bank collects debts, it is the end of the chicken and the egg.

However, for the mainland, there is no shortage of transportation orders, and at such a time, it is very beneficial to invest in or even control 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 the international shipyards build ships at zero profit, the price of the finished product will not be much lower, and the purchase of a large number of new ships also consumes the government's foreign exchange funds, so the existing large shipping companies can control a large number of ocean-going cargo ships and oil tankers at extremely low prices.

Second, the mainland's ocean shipping companies can take this opportunity to fully learn and absorb the experience of their overseas counterparts.

Thinking about all this clearly, Xu Zhixiao asked, "Huo Sheng, since this is the case, why do we need to invest together?"

"Mr. Xu, OOCL's current problem and lack of orders can be solved by the mainland, but the US$1.4 billion loan owed to major banks is too large, so we hope to bring in more powerful investors to solve this problem together," Huo Yingdong said. ”

Xu Zhi frowned and said, "You won't let us guarantee such a large loan for OOCL, right?"

Huo Yingdong shook his head and smiled: "Of course it can't be, Xu Sheng, don't worry, there is one thing you may not know, Tung Chee-hwa has successfully negotiated with 17 banking groups, and the banking group has promised to help the Dong family to the greatest extent and re-support OOCL to ensure the common interests of everyone." ”

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