Rebirth of the Strongest Tycoon

The deployment of the "Plaza Agreement" is being implemented in an orderly manner, and the burden on Xia Yu's shoulders is much lighter.

In normal days, in addition to maintaining health and making villains, he is more and more relaxed at work.

But on August 28, the current head of the Dong family, Dong Chenghui, came to visit him.

Dong Chenghui is one of the founders of the Southeast Asian consortium. Of course, due to his strength, he is only a director of the Southeast Asian International Holding Company.

"Chairman, I'm here to disturb you!"

"Welcome, you can come and chat with me, I'm glad it's too late!"

"Why bring a gift, why are you being so polite?"

"There's nothing, just some fruits that I grow in the backyard, which cost hundreds of dollars to buy outside."

"Haha, what's important is your mind. The fruits you grow with your own hands are hard to buy outside!"

"Come in!"

Xia Yu greeted Dong Chenghui warmly, took the fruit he brought, and took him into the living room.

After being seated one after another, the servant immediately made tea by the side, and Xia Yu opened the fruit brought by Dong Chenghui, which contained some longan, late-ripening lychee and mango.

He took off a longan and threw it into his mouth. After chewing a few times, he nodded and sighed, "Yes, the juice is full, sweet and juicy, delicious."

Although he knew that Xia Yu was touted, Dong Chenghui still had a bright smile on his face. He joked: "It seems that I have to sell the rest. ', the price is 10,000 Hong Kong dollars a pound, I don't know how much it can sell."

Xia Yu laughed dumbly, and joked: "How about we partner up and put it in the auction house to hype it up and split the profits 50-50%?"

Dong Chenghui immediately clapped his hands and said, "Isn't that the price is skyrocketing, a tree has to be sold for millions!"

"Hahaha……"

The two laughed in succession.

At this moment, the servant made the tea, and Xia Yu made a gesture of invitation: "Mr. Dong, please drink tea, this tea is my treasure, you are here today, otherwise I would not be willing to take it out. "

"Oh? Then I have to have a good taste!"

After all,

Dong Chenghui picked up the teacup, first took a deep breath, and then took another sip. After tutting his tongue, he exclaimed, "Fragrant as orchid osmanthus, tastes like sweet rain, good tea! Good tea!"

Then, he couldn't help but take a few sips.

Xia Yu smiled, and took the teacup and drank it leisurely.

Drinking tea alone is pleasant, and drinking tea with two is a mood.

It's just that no matter how Dong Chenghui hides it, Xia Yu can still see the sadness between his brows.

bother you for something.

Although the two are allies and friends, if nothing happens, Dong Chenghui will not come to visit specially.

If you guessed correctly, it should be the matter of the Orient Overseas Shipping Company.

Xia Yu put down the teacup and took the initiative to ask: "Mr. Dong, I see you are worried, what's the matter, have you encountered difficulties?"

Dong Chenghui also put down the teacup and finally stopped pretending. With a worried look on his face, he sighed and said to Xia Yu: "Chairman, you are right, my Dong family is indeed in crisis, this time it is I've come to ask you for help."

"Don't worry, speak slowly, I will definitely help with this!" Xia Yu said solemnly.

Dong Chenghui showed gratitude, and his tense heartstrings relaxed a little.

He said slowly: "Chairman, since I took over the family, my pressure has never eased in the past few years, and I have been struggling, using the profits of other family businesses to support the development of the shipping company, and I have been looking forward to the world The downturn in the shipping industry can pass.”

"But after three years, the general environment has not improved, and it has continued to deteriorate. This time, I really can't hold it anymore."

"Orient Overseas Shipping has a total debt of US$2.85 billion, with US$740 million in debt due within a month, and on top of that, by the end of this year, US$890 million in debt is due and another 270 million is due The new pail in dollars is due by December, and the rest is due next year.”

"But even with the business given within the consortium, now the freight rates are so low and the ships are depreciating so fast that they are losing money every month."

"I...hey..."

At the end, Dong Chenghui lowered his head, his face full of weakness.

Since he was forced to take over as the head of the family in 1982, he has realized the difficulty of being the head of the family. He has been tearing down the east wall to make up for the west wall, but he can't stand the decline of the world shipping market. Every time he thinks it's the end, who knows It continued to go down, so that it got deeper and deeper.

It was still possible to turn around before, and there was no rumors from the outside world. After joining the Southeast Asian consortium, the business situation has improved due to the blessing of resources in the consortium, but there is also a limit. As a large amount of debt is about to expire, his life will be Not bad.

As for Dong Chenghui, Xia Yu knew it. He could be said to be a tough-minded person, but he was tortured like this by the pressure, which shows how much Dong Chenghui's torment was in his heart.

"Mr. Dong, in the case of debt, which banks did you borrow from?"

Xia Yu thought about it and asked the most crucial question.

Dong Chenghui said immediately: "If it is to Xiangjiang or a bank in Southeast Asia, it is possible to turn around."

"But my loans are mainly from the banks of the island countries, including Fuji Bank, Mitsubishi Bank, Mitsui Bank, Sun Kobe Bank, etc., because I used to place orders with the shipbuilding companies of the island countries, and I borrowed from the relationship between the shipbuilding companies of the island countries, and the loans of the island countries. Interest rates are also lower, less than a quarter of that of the Hong Kong banking sector.”

"Last year, Sanguang Steamship, the largest shipping company in the world and the largest shipping company in the island country, was in debt of more than US$4 billion, and suffered losses year after year. As a result, it went bankrupt. Therefore, the banking industry in the island country could see the current situation of the shipping industry clearly, and tightened restrictions on shipping companies and shipbuilding companies. loan."

"Once my loan expires, the banks in the island country will never re-finance me. On the Hong Kong side, I asked many local and foreign banks, and they were very vague about the new loan."

According to his situation, it is really difficult to do.

If it is an old debt of a local bank in Hong Kong, you can still use your contacts to convert the debt, and the bank will not force it too quickly to avoid the company going bankrupt.

But if it is a bank in an island country, it is difficult to say. Their trust in Dong Chenghui is not as high as that of a bank in Hong Kong, and they will not necessarily give face. Most likely, they will stop the loss in time and recover some assets.

"Mr. Dong, according to the current situation, if the Orient Overseas Shipping Company files for bankruptcy, it can wipe out all its debts. I can also help you to make a comeback. This is the best way for you."

Xia Yu thought about it and put forward what he thought was the best opinion for Dong Chenghui.

Dong Chenghui said with a wry smile: "Chairman, I have considered this method, and it is indeed the best method, but I can't get over this hurdle in my heart."

"Orient Overseas Shipping has thousands of employees, many of whom worked with my father back then, and thousands of families behind it."

"My company has too much bank debt. Once it files for bankruptcy, it will give priority to repaying the bank debt. In recent years, the value of the ship has shrunk significantly, and the company's stock price has also shrunk significantly, and the assets are not enough to repay the bank debt."

"So when the time comes, other debts, employees' wages and pensions, placement fees, etc. will not be mentioned."

"There are still a large number of shareholders who will also lose everything."

"I can deal with the banks of the island country, but I can't bear to deal with their innocent compatriots..."

After listening to Dong Chenghui's words, Xia Yu showed a smile instead, and was very emotional.

At this time, I still stick to the bottom line in my heart. This sense of responsibility is invaluable.

That being the case, he wanted to help Dong Chenghui even more.

"Boom...boom...boom..."

Xia Yu tapped the table with his fingers, frowning in thought.

Dong Chenghui raised his heart and clenched his fists subconsciously.

a long time……

Xia Yu looked at Dong Chenghui and said, "Mr. Dong, I have an idea."

"Chairman, please speak!" Dong Chenghui leaned forward and said hurriedly.

Xia Yu said slowly: "About the debt of the island country bank, as well as the due balance of the ship, which is as high as 1.9 billion US dollars, this debt is too much, and the convertible debt is a temporary solution. On the debt side, I will help the Orient Overseas Shipping Company, and the debt of 740 million US dollars within a month will definitely be no problem."

"In the current global shipping market, to be honest, my think tank's analysis has not yet reached the end. At least the freight rate will fall for another year. According to the current freight rate, it has to fall by more than four layers. Prices will also fall further.”

"So I propose to clean up part of the fleet now and return the funds to repay the bank loan."

"Then only a part of the fleet is left, and the remaining part of the fleet is leased back after being sold at a low price, so as to greatly reduce the company's debt."

"Wait until the shipping market bottoms out next year, and then buy the fleet and start sailing again according to the actual situation."

"In addition, I think you must have taken the equity of Orient Overseas Shipping Company to mortgage the loan. The current stock price must be very low. I suggest you apply for delisting to facilitate the company's strategic adjustment."

Dong Chenghui was both moved and shocked, moved by Xia Yu's willingness to lend a helping hand, and shocked by Xia Yu's judgment that the shipping market still has such a large room for decline.

If it really goes down like this, then if OOCL remains the same and survives this crisis, it will be difficult for it to survive the crisis next year. After all, the debt due next year will also be more than one billion US dollars.

Thinking of this, Dong Chenghui couldn't help breaking out in a cold sweat.

No, I really follow Xia Yu's suggestion and focus on stability.

Over the past few years, his expectations have been disappointed again and again. He is completely unsure of the trend of the global shipping market. He prefers to trust Xia Yu's analysis.

"Chairman, then I will listen to your opinion, and I will clean up the ship when I go back."

"I still need your help in the future. If you feel that the shipping market has come to an end next year, please give me some pointers."

After speaking, Dong Chenghui stood up, and before Xia Yu could stop him, he bowed deeply to Xia Yu with a very sincere attitude.

Xia Yu shook his head helplessly and said with a smile, "That's for sure, we are allies after all, how could I not help?"

"Thank you, Chairman!"

"By the way, Chairman, now some shareholders in our company want to withdraw. Are you interested in taking over some equity? The transfer price should be very low."

After Dong Chenghui thanked him again, he suddenly thought of something and immediately said to Xia Yu.

Now Orient Overseas Shipping Co., Ltd. has reached a low point, but there is already an opportunity to reverse the trend. Inviting Xia Yu to come in can be regarded as a reward for Xia Yu.

In the same way, you can also deepen the relationship with Xia Yu, and add a partner relationship to the relationship of allies, wouldn't it be better?

Furthermore, inviting Xia Yu to come in has a huge advantage, that is, it can stabilize the hearts of the company's employees and shareholders, and play the role of stabilizing the sea.

As for whether it would threaten the Dong family's domination of the company, he didn't think about it. After all, if Xia Yu didn't lend a helping hand, it was hard to say whether OOCL would be able to keep it.

"Okay, please help me to ask about this matter. I will accept as many people as they are willing to transfer." Xia Yu said with a smile, and accepted Dong Chenghui's wishes.

"Okay, then I will deal with it as soon as I go back." Dong Chenghui said hurriedly

"Well, the matter of the bank will have a clear result the day after tomorrow at the latest, you don't have to worry." Xia Yu once again gave Dong Chenghui a reassurance

"Thank you, Chairman!"

The mountain in his heart was removed, and Dong Chenghui breathed a sigh of relief.

After drinking a few cups of tea and chatting with Xia Yu for a while, he bid farewell.

...

After returning, Dong Chenghui immediately convened a high-level meeting, set a strategy for cleaning up the fleet, and at the same time applied to the exchange for delisting.

That night, many shareholders got the news and knew that OOCL was really at the most critical moment.

Dong Chenghui did not deliberately exaggerate the situation, but just let others choose. If he wants to quit, he will take over all the equity, break the boat, and bet that the company can get up again.

The next morning, bad news spread throughout the exchange that OOCL was about to clear its fleet.

And after the stock market opened, OOCL's shares plummeted.

Half an hour later, OOCL applied to the exchange for delisting, and at the same time issued an announcement that the company was willing to recover the shareholders' equity and announced the recovery price, but the price was relatively low.

The Hong Kong Stock Exchange approved it immediately.

The entire capital market shook, and the stock prices of companies such as Guanghua Shipping and Wanbang Shipping, which were also caught in the whirlpool, plummeted further.

On the third day, Jiuding Bank and HSBC Bank each provided 500 million US dollars of standby credit to OOCL.

Until September 5, OOCL's $740 million debt was transferred from the island nation's banks to Jiuding Bank and HSBC.

At the same time, Xia Yu's Jiuding Industrial Group acquired a 38.8% stake in Orient Overseas Shipping Company at a cost of only HK$1.07 billion.

Not only that, the Southeast Asian Development Bank, the financial core of the Southeast Asian consortium, invested US$100 million in OOCL and acquired a 22.1% stake.

In addition, a meeting was also held within the Southeast Asian consortium, and each member decided to transfer the shipping business to OOCL as much as possible to support it to tide over the difficulties.

The Orient Overseas Shipping Company has also begun the process of cleaning up its fleet and returning funds.

PS: The two chapters are combined today, good night everyone