The birth of the Hong Kong Island family
Chapter 301 [Only with money can you have dignity]
At Fanling Golf Course, Lin Zhichao, Sanders, and Little Madden are playing a golf game. Actually, some things are talked about during golf.
As expected, it didn't take long for Madden to suggest: "The shipping situation is very good now. How about we cooperate with the three companies, each holding one-third of the equity, and invest in shipping?"
Lin Zhichao was a little surprised. After all, Xiao Maden had handed over the majority shareholder and control of Asia Shipping to Global Shipping. Another company, Longfeng Investment, also sold 30% of its shares to Global Shipping and was preparing to go public this year. .
For these two companies, Little Madden is cashing out, even at the expense of giving up control; now, fortunately, he has invited partners to set up a shipping company.
However, Lin Zhichao soon realized that Maden, like his father, was very happy with his success and did not seek the reality, but only the reputation. The reason why he gave up Asia Shipping and Longfeng Investment was probably due to the financial distress caused by investing everywhere; these two Although listed companies cannot escape the control of Lin Zhichao in the end, at least he is currently the chairman of the board of directors.
When Xiao Maden reinvested in shipping, he probably saw that the shipping market was getting better and better. Coupled with the cooperation with HSBC, there may be loan support and the like.
Lin Zhichao smiled and said: "I have no problem! We are all friends, and we do business together. We don't look for food in Hong Kong. We do overseas business, which is very good. It just happens that we can invest in a shipping company in Panama and Bermuda. Everyone owns one-third of the shares."
The world shipping business is huge. Although it is registered in Panama and Bermuda, it uses Hong Kong seafarers, so the cost can be better controlled.
In fact, every ship under Global Shipping is a registered company, and Global Shipping Group is more like a coordinating organization; its ships are not only registered in Hong Kong, but also in Sing Tao, Tokyo, London, Cayman, and Bermuda. , Panama, etc., are all registered in these places.
Without thinking, Sandus agreed: "HSBC can invest. After all, we are more optimistic about shipping now, and of course we value shipping talents like the two of us."
Little Madden knew about his family's affairs and said quickly: "Mr. Lin is a shipping talent. I admire him very much!"
Sandus was elected chairman of HSBC last year. At that time, HSBC's senior management had already decided on a policy to support a group of local Chinese businessmen, and Lin Zhishan was the obvious choice, with Sandus's strong support.
In fact, starting this year, global shipping will indeed need strong support from HSBC, and it will require huge loans.
In the first half of this year alone, Lin Zhichao plans to build more than 1 million tons of ships, including eight 130,000-ton oil tankers and many cargo ships, with a total investment of more than 100 million US dollars.
Now, although the three parties have cooperated to establish two shipping companies, they still cannot change Lin Zhichao's plan.
"Then it's settled. We'll come up with a specific plan later and discuss it later!" Lin Zhichao said cheerfully.
At present, only about 12% of the ships of Global Shipping belong to HSBC, which does not include Asia Shipping and Longfeng Investment.
This is because One World Shipping accounts for about 30% of Global Shipping Group's load capacity, and HSBC holds 40% of World Shipping Group's shares, which means it accounts for 12% of Global Shipping Group's load capacity.
However, as HSBC pays more and more attention to investment in shipping, this proportion will become larger and larger, and Lin Zhichao will not refuse.
After all, assuming that his expected strength is 20 million tons, if HSBC takes it seriously, it would be okay to develop more than 25 million tons.
"Haha, Mr. Lin is very happy! Now you are a celebrity in the world's shipping industry and the chairman of the International Tanker Association. We cooperate with you, but we still take advantage of you!" Xiao Madden said with a smile.
His father once told him that if he wanted to do business with the Chinese, he could only consider Lin Zhichao. Although the two sides had some dissatisfaction, Madden was betting that Lin Zhichao would not care. After all, there were benefits to cooperating with British capital.
Now Madden also believes that Lin Zhichao’s influence in the world’s shipping industry is not only his skills and experience, but also his influence in the world’s political arena. Even US President Kennedy met with him twice, which shows that others have already gained strength. Don't take a peek.
Lin Zhichao replied: "This is not a matter of glory, it is like using the least amount of money to do more things."
Having said that, in fact, they must be the ones who benefited from it. After all, they do not have the world shipping connections and channels of Global Shipping.
Of course, where HSBC is useful, even Wheelock Group can also use it. If we cooperate with British capital, we can enjoy more success in Hong Kong. This is a real problem.
At least in 1978, the Chinese did not have much influence overseas; the reason is simple. When people hear that you are Chinese, they immediately think of China. Who would think highly of a person who can even have enough to eat?
The poorer you are, the more people look down on you!
This is true for a country, this is true for a family, and even more so for a person!
To have money is to have dignity!
A rich family in a village is destined to be the person everyone associates with; a person who is so poor that he is ruthless will be kept at a distance by everyone and scolded behind his back.
A few days later.
Lin Zhichao came to Asia Shipping to hold a board meeting.
At present, although Global Shipping already holds 41% of the shares of Asia Shipping, Asia Shipping has a total load capacity of 230,000 tons, including a 100,000-ton oil tanker that has been put into operation.
Asia Shipping's market capitalization is HK$120 million, which is down a bit from its peak; Asia Shipping's annual profit can reach about US$3 million, which is less than 17 million; it has liabilities of about 15 million and has a cash flow of 3 million.
After the meeting started, Xiao Maden, who was on the board of directors, announced that he would hand over the position of chairman of the board of directors to Lin Zhichao. There was no surprise among the directors.
This kind of performance made Little Madden a little distracted. Everyone's ability to adapt to the new boss is too strong!
As everyone knows, the doubling of Asian shipping is not due to Lin Zhichao's credit?
A ship of 100,000 tons of oil makes up a little more than half of the profits.
Subsequently, the formal election of the board of directors began, and everyone unanimously agreed that Lin Zhichao was the new chairman of the board of directors.
This time, Lin Zhichao did not refuse. Because he knew that Longfeng Investment was about to be listed as another listed company of Wheelock Group; and Lin Zhichao held 30% of Longfeng Investment shares before the listing, which would be diluted after the listing.
But Little Madden is bound to sell the shares to him, because Little Madden wants to cash out in this way. The cash flow obtained will be used to develop other businesses.
And this triangular cooperation relationship with HSBC and Global Shipping means that Wheelock Group can obtain a large loan without having to invest too much.
Soon, Lin Zhichao officially assumed the position of chairman of the board of directors of Asia Shipping and presided over the meeting. During this period, he refused to change his seat, and publicly announced that Little Madden was the honorary chairman and director.
After this set, everyone in the conference room recognized it. After all, it showed that Lin Zhichao was not an arrogant person.
Next, Lin Zhichao began to say: "Asian Shipping's current financial situation means that if it wants to develop, it can only obtain additional funds. If you have any suggestions, just speak up! I believe you can also see that Asia Shipping is still making money and is developing. The future is great, but we just lack the money to expand!”
Xiao Maden immediately commented in his mind that in order to raise funds, Lin Zhichao did not come up with a plan himself, but asked his subordinates to come up with a plan. Could it be that he was at his wits' end?
But soon, he changed his mind.
Because all the senior officials spoke enthusiastically, the atmosphere of the entire meeting was quite good.
General manager Norbert said: "You can issue a fixed-interest bond for financing, so that the interest rate is at least lower than that of banks."
This is a unique patent of listed companies. For Asia Shipping, it is much lower than loan interest; for investors, it is higher than deposit interest. It is a win-win situation, provided the listed company has a good enough reputation.
Asian shipping is naturally good, with one of the largest Chinese-owned companies and a British-owned foreign company as its major shareholders.
Some executives also suggested: "You can also issue new shares. The current stock market is doing well, and Asia Shipping's reputation is also good. The time to issue new shares is just right."
Seeing that everyone was speaking and had the answers they wanted, Lin Zhichao began to take back his right to speak.
"Okay, then first issue 10 million fixed-interest bonds. But the money is not used to repay the debt immediately, but to continue building ships. I plan to build another 130,000-ton oil tanker. The funds needed are 12 million US dollars, almost 70 million Hong Kong dollars."
Everyone in the conference room was shocked, but no one objected.
The reason is simple. Asia Shipping can earn more than 3 million U.S. dollars in profits a year, and its current net debt is only 2 million U.S. dollars at most. Once a new ship is launched, the annual income will be more than 2 million U.S. dollars, and the annual profit will surge by 5.5 million U.S. dollars. It is about US$1 and can be repaid in less than three years.
At the same time, everyone has also seen the style of Lin Zhichao, the new chairman of the board of directors, which is to forge ahead.
"I agree"
"I agree"
Soon, everyone expressed their opinions.
Even Little Madden immediately expressed his position. Wheelock Group currently holds 16% of the shares, which can be regarded as a serious second shareholder. Now, the company can add a 130,000-ton oil tanker without paying any money. He simply said very happy.
As everyone knows, Lin Zhichao also has his own calculations. A 10 million bond cannot complete the shipbuilding. Generally, shipbuilding requires at least a 20% down payment. The prerequisite is that it must be leased to a Japanese shipping company to ensure that the remaining payment is collected in full.
Therefore, if this ship was launched in 1964, Lin Zhichao might seek to lease it to a Japanese shipping company for four years, expiring in 1968.
At the same time, Asian shipping will not stop and may even borrow money to invest in shipping next year.
In short, what he wants is to operate with debt and adjust the lease expiry to 1968.
In this way, when the stock market plummeted in 1967, Asia Shipping's shares were worthless, and Lin Zhichao could take the opportunity to increase his holdings to more than 60%. The price must be very low, and Asia Shipping's assets are completely inconsistent.
Lin Zhichao wanted to cultivate Asia Shipping into the first listed company under the Global Shipping Group, but it had to reach 3 million tons by the end of the 1970s.
After the meeting, Norbert and other senior executives immediately went to prepare for margin financing, while Lin Zhichao and Xiao Maden sat in the office chatting.
"Mr. Lin took over Asia Shipping. Is he planning to vigorously develop it and build it into the listed shipping flagship company of Global Shipping Group?" Xiao Maden quickly saw Lin Zhichao's thoughts.
Lin Zhichao did not intend to hide it and said: "I have this idea! After all, Global Shipping does not need to invest too much, it can manipulate the stock market for financing and securities lending, and it can quickly develop the shipping industry. This is the charm of a listed company. It's just that our Chinese capital is now listed , and many troubles, since Mr. Madden is willing to give up, I naturally cherish this company very much."
Xiao Maden nodded. It is indeed difficult for Chinese companies to go public. But for the British-owned Wheelock Group, it is too easy to list its companies. There are only more than 60 listed companies in Hong Kong, and the Wheelock Group accounts for four Home - Wheelock Group, Real Estate Trust, Longfeng Investment, Copper Company. And as long as he wants to, the procedures for listed companies are very simple.
Afterwards, the two had a brief exchange about the follow-up development of Asian Shipping.
Hearing this, Xiao Maden was secretly impressed. According to Lin Zhichao's idea, he will continue to think of ways to build ships next year. The tonnage of this shipping company will soon surpass Wheelock Group.
And Lin Zhichao does not think that Wheelock Group is an obstructive shareholder in Asia Shipping. They can hold shares as long as they want; of course, if they issue new shares in the future, they will only be diluted without rights issues, but Lin Zhichao will not look ugly. Yes, he has various means to increase his shareholding.
And, where Asian shipping really shines,
What's more, Wheelock Group may not hold shares for too long.
After Lin Zhichao was elected chairman of the board of directors, he would naturally arrange for executives from Global Shipping to serve as executive directors as soon as possible. Although Norbert had chosen to surrender, Lin Zhichao was very busy after all, and had to send Feng Yongfa to represent Global Shipping Group.
Not long after the New Year, Lin Zhichao came to Little Japan to prepare for shipbuilding.
He formed a three-way tacit understanding with Japanese shipyards and shipping companies - Lin Zhichao built ships in Japan, and Japanese shipping companies leased Lin Zhichao's ships. Therefore, based on this tacit understanding alone, Global Shipping has more than enough customers.
Not to mention, Lin Zhichao also has extensive personal connections in Europe and the United States, and the tenants are all major oil companies in the world.
Arriving at Sasebo Heavy Industries with ease, its chairman has already prepared a grand welcome ceremony.
During the visit, Lin Zhichao asked: "President Kato, after the Japanese shipbuilding industry exceeded 130,000 tons, there seems to be no information about breaking this record. Could it be that there is a major technical problem?"
Kato Ken replied: "The technical problem is not big, and there is always no problem if we work hard to overcome it. But the problem now is that no shipping company is willing to cooperate and try a larger oil tanker. Could it be that Mr. Lin is willing to try?" After that, Ren I can't help but be eager to try.
Lin Zhichao immediately said: "That's not true! I prefer 200,000-ton VLCC oil tankers, so I am not planning to order a 150,000-ton oil tanker. But I also know that if the 150,000-ton limit is not exceeded, it will naturally not exceed 200,000 tons. Hence this question.”
Historically, the 150,000-ton oil tanker and the 200,000-ton oil tanker all appeared in Japan in the same year, like 1966, one at the beginning of the year and the other at the end of the year.
Therefore, Lin Zhichao planned to build at least eight 220,000-ton VLCC tankers in the second half of 1966, which would catch up with the closure of the Suez Canal.
As for the period from 1963 to 1965, 4 million tons were produced in these three years, and the global shipping was only 9 million tons.
Suppose Lin Zhichao's goal is 20 million tons, and he hopes to build another 50 VLCC tankers (200,000 to 300,000 tons). By then, what a fleet will be.
Takeru Kato said with admiration: "Mr. Lin is worthy of being the world's shipping king, and he always has a long-term vision. If Japan can break through the 150,000-ton oil tanker technology, then the 200,000-ton oil tanker technology will soon break through."
Lin Zhichao nodded and said: "It's not that I have a long-term vision, but it is now a trend for oil tankers to develop in a general direction, and the Middle East is not peaceful. Everyone hopes to operate larger ships and save costs."
When inspecting shipyards, the Japanese always found that Lin Zhichao liked to "steal" technology, and even directly asked engineers about some secret technologies. Kato Takeru and others were unprepared. After all, Hong Kong would never become a hub for shipbuilding. They just believed that Lin Zhichao needed to understand all aspects of the ship's attributes in order to become more professional.
In fact, Lin Zhichao not only blatantly learned Japanese shipbuilding technology secretly, but even sorted out the information after returning.
Because he thought that after the 1980s, he would take care of the shipyards in the mainland and give orders; but the technology and level of the mainland could not meet his requirements. As a rigorous businessman, Lin Zhichao would not allow such problems to arise. .
Therefore, he will invite overseas shipbuilding experts to provide requirements and help, and he will also give technical guidance.
This is equivalent to helping Huaxia's shipyards develop!
Of course, Lin Zhichao understands ship technology and is very proficient. He has been in the industry for fifteen years and has been studying by himself. Every time he visited the shipyard, he would stay for two or three days. If he didn't learn anything, he wouldn't place an order.
Euphemistically speaking, if he doesn't understand the properties of the ships, how can he rest assured that these ships can be driven in his own hands.
That night.
After Lin Zhichao finished the entertainment, he refused the special service arranged by Takeru Kato and instead stayed at the hotel he had booked. Originally, the hotel was supposed to be booked by Sasebo Heavy Industries, but Lin Zhichao arranged for his subordinates to book the hotel every time. After all, he traveled with bodyguards, assistants, and a large group of subordinates.
Walk into the door of your suite and knock on the door.
"it's me!"
Then, the door opened, and two sisters, Hinaiko and Mariina, dressed in kimonos, were waiting at the door to greet them.
After closing the door, the two women bowed and said, "Welcome Master home!"
Afterwards, he started to change Lin Zhichao's slippers and took over his coat. The service was very good.
Unknowingly, Lin Zhichao actually prepared a pair of top-notch women, and the two women were like slaves for him to control.
Very refreshing feeling!
Lin Zhichao never felt that doing business with the Japanese had any impact. He was making money from the Japanese, which in itself was patriotic.
What scares you most is that the Japanese are making a lot of money from China, and you have to let people make money and welcome and entertain them happily.
Therefore, Lin Zhichao set a goal for himself, which is to earn more than 100 billion US dollars in Japan.
In order to achieve this goal, you can only make money in Japanese foreign exchange, stock market and real estate!
The Japanese stock market gradually opened up to foreigners in the late 1960s and early 1970s. This was because the Japanese stock market had been like a deflated rubber ball since 1964 and failed to recover. In order to activate the capital market, the Japanese government gradually opened up the financial market. .
Lin Zhichao sat on the sofa and watched the two women in kimonos kneeling in front of him. He used his toes to get into Jinna's kimono. As expected, there was a vacuum.
Hinako is wearing a gorgeous red kimono, and Mariina is wearing a black fancy kimono. One is red and the other is black, forming a strong contrast.
"How about having a drink together?" Lin Zhichao said with a smile.
Although he has to go to Sasebo Heavy Industries tomorrow to inspect and study, it still does not affect his energy. He sleeps five or six hours a day without affecting his energy at all.
"I'll get ready!" Rinaizi stood up, then swayed and went to prepare.
Lin Zhichao waved to Zhenna, and the woman immediately stood up and sat in his arms, letting Lin Zhichao control her.
It can be seen from this that Lin Zhichao may prefer Jinna's body, but he hands over financial power to Hinaiko. As a businessman, he is full of jealousy. Since he is not sincere towards these two Japanese women, he will naturally hold back a lot of hands.
Of course, money is nothing, after all, Lin Zhichao is still generous to women.
After a while, with the help of alcohol, the temperature of the room skyrocketed, and it soon became very hot.
Lin Zhichao also thought of some Japanese movies from his previous life, and the temptation of kimono was naturally indispensable.
The two girls danced gracefully to the music. Lin Zhichao stepped forward and backward, but they still didn't stop.
Lifting up Mariina's skirt, a pair of long white legs appeared.
This woman is really awesome, even better than her sister. She is the kind of woman who is charming to the core.
The next morning.
Lin Zhichao got up early and went to work in Sasebo Heavy Industries. (End of chapter)
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