Chapter 116: LC Bank Credit Letter
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Chapter 116 LC Bank Credit Letter
Wu Guangyao took He Yuanzhang by plane to Dongying. He immediately went to the cooperative energy company and met Nozawa Shang.
Nozawa still speaks English, so the Japanese translation that Wu Guangyao's company is looking for becomes a decoration.
Wu Guangyao said directly: "Mr. Nozawa, Dongying is now vigorously developing the economy, and energy support must be indispensable. Your company must be very busy in business, and it must be short of freighters!"
Nozawa still doesn’t know what medicine Wu Guangyao sells, and the wind and dust came to Dongying. Could it be that he still has a freighter in his hand?
If this is the case, it is clear that this Hong Kong Island businessman must be paid more attention recently!
Yes, my own energy company is short of tankers.
But because the Dongying government implements strict foreign exchange control, it is too troublesome to buy new and second-hand ships.
Now Dongying’s customers like to rent boats, it’s clean and neat!
But is there a company with young people in front of you?
Shang Nozawa thought for a while and said: "Lack, does your company still have it, preferably a 10,000-ton tanker!"
Wu Guangyao said: "If your company can contact Dongying's bank and open an LC bank credit for our Global Shipping, our company will have a million-ton freighter in the next five years!"
Sho Nozawa heard it, and shook his head without hesitation, and said: "This is impossible, so that our energy companies and banks will bear the risk. Mr. Wu, we are only working together for the first time, is this not suitable?"
Faced with this basically impossible thing, Wu Guangyao did not back down, but first talked about his entrepreneurial experience with Nozawa Shang and his relationship with HSBC.
Nozawa Shang listened very seriously, but he did not expect that the young man in front of him had such a legendary experience and such courage.
Nozawa Shang heard the same thing, and interjected: "Mr. Wu, although I admire you very much, I still can’t agree to your request because it’s too risky, and we are only working together for the first time!"
Wu Guangyao said with a smile: "Mr. Nozawa, please listen to me."
"If you have a long-term cooperation with us, I will be responsible for shipping to the end! Crew management, cruise ship maintenance, and any problem in any place, we will fly to the world for maintenance immediately, and will never let you worry about it."
Wu Guangyao finished the first article, and Nozawa Shang was moved.
For sprinkling?
Accordingly, if the boat is rented to someone else, it will be used by someone else. What responsibilities should I take?
But the promise of the global industry has indeed saved Nozawa's energy company a lot of trouble!
Wu Guangyao looked at Nozawa Shang and saw that although he was moved, he quickly covered the past.
Obviously, Dongying people are very shrewd, and Nozawa Shang still wants Wu Guangyao to give him a discount!
Wu Guangyao went on to say: "Our management is very perfect, you can rest assured. Also, if the ship crashes, the insurance company pays the compensation, I don’t want anything, and all of it belongs to you. I will let the insurance company pay the insurance money. All were credited to your company's account!"
Nozawa Shang was finally moved by Wu Guangyao's sincerity, because people who do shipping know that the sea is ruthless and the wind and clouds change, and the journey is full of various risks.
In case of an accident, the amount of compensation from the insurance company is very considerable, and it can be considered a very good way to make up for the loss.
Giving up this money will mean what it means for global shipping, Nozawa is very clear.
The shrewd Nozawa Shang considered repeatedly, and finally agreed to take Wu Guangyao to find a cooperating bank manager.
In the bank, Nozawa Shang helped Wu Guangyao and jointly persuaded the bank manager to finally get Wu Guangyao's wish.
Wu Guangyao received the letter of credit from LC Bank on his way to the ship king, and immediately flew back to Hong Kong Island and met with Sandus.
Why is it not William? Wu Guangyao also understands it. Only Sundas has the courage to do this.
Sundus looked at the letter of credit from LC Bank issued by Dongying Mitsubishi Bank for Wu Guangyao, and his heart was full of shock!
A Huaxia person with no background and zero shipping experience was able to obtain a genuine letter of credit issued by Toyo Mitsubishi Bank in just a few days.
It’s incredible. I originally thought that if Wu Guangyao didn’t get this letter of credit, then he would lower his goal.
Five years of 500,000 tons of deadweight, help him to complete it myself.
In my opinion, Wu Guangyao really did the things about the fantasy world, so what reason do I have to back down?
Surprised, Sundashi began to admire Wu Guangyao. Maybe this one will be his partner in the future and help his career.
Being the bank’s most concerned about credit, Sundashi immediately agreed to Wu Guangyao and signed a cooperation agreement with Wu Guangyao!
At this point, Wu Guangyao has cleared away the last obstacle on the way to the King of the Ship!
The so-called cooperation agreement, but that every time Wu Guangyao buys a boat, HSBC loan 60%; and the other 40%, Wu Guangyao needs to find a solution.
You can't empty the glove white wolf!
After signing the agreement, Sundashi and Wu Guangyao became close, and from this moment on, the fate of the two was tied together.
Successful, Wu Guangyao is the world's ship king, and Sundar Shigao is promoted to chairman of HSBC!
Failed, Wu Guangyao was afraid that he was going to compete with the four big families for food, and he would become a world-class chaebol.
After signing the contract, Wu Guangyao invited Sandus and William, and also called He Yuanzhang, and the four came to a western restaurant together.
Eating steak and drinking red wine, this is acceptable to Wu Guangyao, a modern person.
However, judging from He Yuanzhang’s expression, it feels a bit strange, obviously he hasn’t adapted yet!
Sundus is a tall, handsome English gentleman. He takes a stern look at the meal. It can be seen that Wu Guangyao's obsessive-compulsive disorder has come out.
Swallowed a small bite of steak, put a sip of red wine on it, and wiped his lips with a towel, Sandus said: "Wu, what is your plan for buying a ship?"
Wu Guangyao heard the words, put down the tableware in his hand, and said: “First, I have to buy a few second-hand ships, and then wait for the American shipping company I know to build a new ship at the shipyard in Dongying.”
Sundus said: "I know George Madden, Chairman of Wheelock Group. He is also the head of Far East Shipping. He may have second-hand cargo ships to sell!"
Wu Guangyao heard about Hui Tak Fung and couldn't help but think of his later acquisition by the charter king.
Although Wheelock Group is a veteran foreign firm, it has experienced the difficult journey of being almost acquired by Jardine Matheson in 1974 and being successfully acquired by Charter King in 1985.
In 1974, Wheelock Group’s Madden was already in desperation and arranged for the two British companies, Jardine and Land, to propose the acquisition of Wheelock on October 21, 1976. The news caused a sensation in the market. If the merger succeeds, Jardine’s strength Will surpass HSBC.
In 1976, Hutchison International, which received a substantial shareholding from HSBC, immediately announced its involvement in the takeover 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 to produce due to competition from multiple companies.
Wu Guangyao said: "Thank you so much. I was planning to go to England to buy second-hand freighters. It would be better if Far East Shipping had a suitable one!"
Sure enough, it is a sedan chair who is carrying people. As long as you start, you will be able to go smoothly in the back!
The last 30 zipper machines of PG zipper arrived on Hong Kong Island at the end of May as scheduled.
In the competition with YKK, it was the first to complete 100 automatic zipper machines.
At this time, there are already 2,000 workers in the PG Zipper Industrial Park, making it a veritable manufacturing kingdom.
The profit of PG zipper can provide Wu Guangyao with funds to develop shipping when it guarantees its own development.
It seems that there is a profit of 15 million Hong Kong dollars per year, but R&D alone requires 3 million Hong Kong dollars, plus the investment in the Star City Zipper Factory, as well as subsequent machinery additions and replacements.
Wu Guangyao estimates that PG Zipper can provide 8 million Hong Kong dollars (2 million US dollars) each year for Wu Guangyao to develop shipping.
At the price of 800,000 U.S. dollars for a 10,000-ton freighter, Wu Guangyao needs to pay a 40% down payment, which is 320,000 U.S. dollars.
It is common sense to calculate that it can increase the carrying capacity of 70,000 tons a year, but don’t forget that Wu Guangyao is basically going to buy second-hand freighters.
In addition, a second-hand freighter can pay off the loan in two or three years. At that time, the freighter can be used as collateral for refinancing.
In 5 years, even if the global shipping capacity of 1 million tons cannot be reached, there is nothing. This is just a slogan and a goal!
(End of this chapter)
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Chapter 116 LC Bank Credit Letter
Wu Guangyao took He Yuanzhang by plane to Dongying. He immediately went to the cooperative energy company and met Nozawa Shang.
Nozawa still speaks English, so the Japanese translation that Wu Guangyao's company is looking for becomes a decoration.
Wu Guangyao said directly: "Mr. Nozawa, Dongying is now vigorously developing the economy, and energy support must be indispensable. Your company must be very busy in business, and it must be short of freighters!"
Nozawa still doesn’t know what medicine Wu Guangyao sells, and the wind and dust came to Dongying. Could it be that he still has a freighter in his hand?
If this is the case, it is clear that this Hong Kong Island businessman must be paid more attention recently!
Yes, my own energy company is short of tankers.
But because the Dongying government implements strict foreign exchange control, it is too troublesome to buy new and second-hand ships.
Now Dongying’s customers like to rent boats, it’s clean and neat!
But is there a company with young people in front of you?
Shang Nozawa thought for a while and said: "Lack, does your company still have it, preferably a 10,000-ton tanker!"
Wu Guangyao said: "If your company can contact Dongying's bank and open an LC bank credit for our Global Shipping, our company will have a million-ton freighter in the next five years!"
Sho Nozawa heard it, and shook his head without hesitation, and said: "This is impossible, so that our energy companies and banks will bear the risk. Mr. Wu, we are only working together for the first time, is this not suitable?"
Faced with this basically impossible thing, Wu Guangyao did not back down, but first talked about his entrepreneurial experience with Nozawa Shang and his relationship with HSBC.
Nozawa Shang listened very seriously, but he did not expect that the young man in front of him had such a legendary experience and such courage.
Nozawa Shang heard the same thing, and interjected: "Mr. Wu, although I admire you very much, I still can’t agree to your request because it’s too risky, and we are only working together for the first time!"
Wu Guangyao said with a smile: "Mr. Nozawa, please listen to me."
"If you have a long-term cooperation with us, I will be responsible for shipping to the end! Crew management, cruise ship maintenance, and any problem in any place, we will fly to the world for maintenance immediately, and will never let you worry about it."
Wu Guangyao finished the first article, and Nozawa Shang was moved.
For sprinkling?
Accordingly, if the boat is rented to someone else, it will be used by someone else. What responsibilities should I take?
But the promise of the global industry has indeed saved Nozawa's energy company a lot of trouble!
Wu Guangyao looked at Nozawa Shang and saw that although he was moved, he quickly covered the past.
Obviously, Dongying people are very shrewd, and Nozawa Shang still wants Wu Guangyao to give him a discount!
Wu Guangyao went on to say: "Our management is very perfect, you can rest assured. Also, if the ship crashes, the insurance company pays the compensation, I don’t want anything, and all of it belongs to you. I will let the insurance company pay the insurance money. All were credited to your company's account!"
Nozawa Shang was finally moved by Wu Guangyao's sincerity, because people who do shipping know that the sea is ruthless and the wind and clouds change, and the journey is full of various risks.
In case of an accident, the amount of compensation from the insurance company is very considerable, and it can be considered a very good way to make up for the loss.
Giving up this money will mean what it means for global shipping, Nozawa is very clear.
The shrewd Nozawa Shang considered repeatedly, and finally agreed to take Wu Guangyao to find a cooperating bank manager.
In the bank, Nozawa Shang helped Wu Guangyao and jointly persuaded the bank manager to finally get Wu Guangyao's wish.
Wu Guangyao received the letter of credit from LC Bank on his way to the ship king, and immediately flew back to Hong Kong Island and met with Sandus.
Why is it not William? Wu Guangyao also understands it. Only Sundas has the courage to do this.
Sundus looked at the letter of credit from LC Bank issued by Dongying Mitsubishi Bank for Wu Guangyao, and his heart was full of shock!
A Huaxia person with no background and zero shipping experience was able to obtain a genuine letter of credit issued by Toyo Mitsubishi Bank in just a few days.
It’s incredible. I originally thought that if Wu Guangyao didn’t get this letter of credit, then he would lower his goal.
Five years of 500,000 tons of deadweight, help him to complete it myself.
In my opinion, Wu Guangyao really did the things about the fantasy world, so what reason do I have to back down?
Surprised, Sundashi began to admire Wu Guangyao. Maybe this one will be his partner in the future and help his career.
Being the bank’s most concerned about credit, Sundashi immediately agreed to Wu Guangyao and signed a cooperation agreement with Wu Guangyao!
At this point, Wu Guangyao has cleared away the last obstacle on the way to the King of the Ship!
The so-called cooperation agreement, but that every time Wu Guangyao buys a boat, HSBC loan 60%; and the other 40%, Wu Guangyao needs to find a solution.
You can't empty the glove white wolf!
After signing the agreement, Sundashi and Wu Guangyao became close, and from this moment on, the fate of the two was tied together.
Successful, Wu Guangyao is the world's ship king, and Sundar Shigao is promoted to chairman of HSBC!
Failed, Wu Guangyao was afraid that he was going to compete with the four big families for food, and he would become a world-class chaebol.
After signing the contract, Wu Guangyao invited Sandus and William, and also called He Yuanzhang, and the four came to a western restaurant together.
Eating steak and drinking red wine, this is acceptable to Wu Guangyao, a modern person.
However, judging from He Yuanzhang’s expression, it feels a bit strange, obviously he hasn’t adapted yet!
Sundus is a tall, handsome English gentleman. He takes a stern look at the meal. It can be seen that Wu Guangyao's obsessive-compulsive disorder has come out.
Swallowed a small bite of steak, put a sip of red wine on it, and wiped his lips with a towel, Sandus said: "Wu, what is your plan for buying a ship?"
Wu Guangyao heard the words, put down the tableware in his hand, and said: “First, I have to buy a few second-hand ships, and then wait for the American shipping company I know to build a new ship at the shipyard in Dongying.”
Sundus said: "I know George Madden, Chairman of Wheelock Group. He is also the head of Far East Shipping. He may have second-hand cargo ships to sell!"
Wu Guangyao heard about Hui Tak Fung and couldn't help but think of his later acquisition by the charter king.
Although Wheelock Group is a veteran foreign firm, it has experienced the difficult journey of being almost acquired by Jardine Matheson in 1974 and being successfully acquired by Charter King in 1985.
In 1974, Wheelock Group’s Madden was already in desperation and arranged for the two British companies, Jardine and Land, to propose the acquisition of Wheelock on October 21, 1976. The news caused a sensation in the market. If the merger succeeds, Jardine’s strength Will surpass HSBC.
In 1976, Hutchison International, which received a substantial shareholding from HSBC, immediately announced its involvement in the takeover 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 to produce due to competition from multiple companies.
Wu Guangyao said: "Thank you so much. I was planning to go to England to buy second-hand freighters. It would be better if Far East Shipping had a suitable one!"
Sure enough, it is a sedan chair who is carrying people. As long as you start, you will be able to go smoothly in the back!
The last 30 zipper machines of PG zipper arrived on Hong Kong Island at the end of May as scheduled.
In the competition with YKK, it was the first to complete 100 automatic zipper machines.
At this time, there are already 2,000 workers in the PG Zipper Industrial Park, making it a veritable manufacturing kingdom.
The profit of PG zipper can provide Wu Guangyao with funds to develop shipping when it guarantees its own development.
It seems that there is a profit of 15 million Hong Kong dollars per year, but R&D alone requires 3 million Hong Kong dollars, plus the investment in the Star City Zipper Factory, as well as subsequent machinery additions and replacements.
Wu Guangyao estimates that PG Zipper can provide 8 million Hong Kong dollars (2 million US dollars) each year for Wu Guangyao to develop shipping.
At the price of 800,000 U.S. dollars for a 10,000-ton freighter, Wu Guangyao needs to pay a 40% down payment, which is 320,000 U.S. dollars.
It is common sense to calculate that it can increase the carrying capacity of 70,000 tons a year, but don’t forget that Wu Guangyao is basically going to buy second-hand freighters.
In addition, a second-hand freighter can pay off the loan in two or three years. At that time, the freighter can be used as collateral for refinancing.
In 5 years, even if the global shipping capacity of 1 million tons cannot be reached, there is nothing. This is just a slogan and a goal!
(End of this chapter)
Chapter 116 LC Bank Credit LetterWu Guangyao took He Yuanzhang by plane to Dongying. He immediately went to the cooperative energy company and met Nozawa Shang.Nozawa still speaks English, so the Japanese translation that Wu Guangyao's company is looking for becomes a decoration.Wu Guangyao said directly: "Mr. Nozawa, Dongying is now vigorously developing the economy, and energy support must be indispensable. Your company must be very busy in business, and it must be short of freighters!"Nozawa still doesn't know what medicine Wu Guangyao sells, and the wind and dust came to Dongying. Could it be that he still has a freighter in his hand?If this is the case, it is clear that this Hong Kong Island businessman must be paid more attention recently!Yes, my own energy company is short of tankers.But because the Dongying government implements strict foreign exchange control, it is too troublesome to buy new and second-hand ships.Now Dongying's customers like to rent boats, it's clean and neat!But is there a company with young people in front of you?Shang Nozawa thought for a while and said: "Lack, does your company still have it, preferably a 10,000-ton tanker!"Wu Guangyao said: "If your company can contact Dongying's bank and open an LC bank credit for our Global Shipping, our company will have a million-ton freighter in the next five years!"Sho Nozawa heard it, and shook his head without hesitation, and said: "This is impossible, so that our energy companies and banks will bear the risk. Mr. Wu, we are only working together for the first time, is this not suitable?"Faced with this basically impossible thing, Wu Guangyao did not back down, but first talked about his entrepreneurial experience with Nozawa Shang and his relationship with HSBC.Nozawa Shang listened very seriously, but he did not expect that the young man in front of him had such a legendary experience and such courage.Nozawa Shang heard the same thing, and interjected: "Mr. Wu, although I admire you very much, I still can't agree to your request because it's too risky, and we are only working together for the first time!"Wu Guangyao said with a smile: "Mr. Nozawa, please listen to me.""If you have a long-term cooperation with us, I will be responsible for shipping to the end! Crew management, cruise ship maintenance, and any problem in any place, we will fly to the world for maintenance immediately, and will never let you worry about it."Wu Guangyao finished the first article, and Nozawa Shang was moved.For sprinkling?Accordingly, if the boat is rented to someone else, it will be used by someone else. What responsibilities should I take?But the promise of the global industry has indeed saved Nozawa's energy company a lot of trouble!Wu Guangyao looked at Nozawa Shang and saw that although he was moved, he quickly covered the past.Obviously, Dongying people are very shrewd, and Nozawa Shang still wants Wu Guangyao to give him a discount!Wu Guangyao went on to say: "Our management is very perfect, you can rest assured. Also, if the ship crashes, the insurance company pays the compensation, I don't want anything, and all of it belongs to you. I will let the insurance company pay the insurance money. All were credited to your company's account!"Nozawa Shang was finally moved by Wu Guangyao's sincerity, because people who do shipping know that the sea is ruthless and the wind and clouds change, and the journey is full of various risks.In case of an accident, the amount of compensation from the insurance company is very considerable, and it can be considered a very good way to make up for the loss.Giving up this money will mean what it means for global shipping, Nozawa is very clear.The shrewd Nozawa Shang considered repeatedly, and finally agreed to take Wu Guangyao to find a cooperating bank manager.In the bank, Nozawa Shang helped Wu Guangyao and jointly persuaded the bank manager to finally get Wu Guangyao's wish.Wu Guangyao received the letter of credit from LC Bank on his way to the ship king, and immediately flew back to Hong Kong Island and met with Sandus.Why is it not William? Wu Guangyao also understands it. Only Sundas has the courage to do this.Sundus looked at the letter of credit from LC Bank issued by Dongying Mitsubishi Bank for Wu Guangyao, and his heart was full of shock!A Huaxia person with no background and zero shipping experience was able to obtain a genuine letter of credit issued by Toyo Mitsubishi Bank in just a few days.It's incredible. I originally thought that if Wu Guangyao didn't get this letter of credit, then he would lower his goal.Five years of 500,000 tons of deadweight, help him to complete it myself.In my opinion, Wu Guangyao really did the things about the fantasy world, so what reason do I have to back down?Surprised, Sundashi began to admire Wu Guangyao. Maybe this one will be his partner in the future and help his career.Being the bank's most concerned about credit, Sundashi immediately agreed to Wu Guangyao and signed a cooperation agreement with Wu Guangyao!At this point, Wu Guangyao has cleared away the last obstacle on the way to the King of the Ship!The so-called cooperation agreement, but that every time Wu Guangyao buys a boat, HSBC loan 60%; and the other 40%, Wu Guangyao needs to find a solution.You can't empty the glove white wolf!After signing the agreement, Sundashi and Wu Guangyao became close, and from this moment on, the fate of the two was tied together.Successful, Wu Guangyao is the world's ship king, and Sundar Shigao is promoted to chairman of HSBC!Failed, Wu Guangyao was afraid that he was going to compete with the four big families for food, and he would become a world-class chaebol.After signing the contract, Wu Guangyao invited Sandus and William, and also called He Yuanzhang, and the four came to a western restaurant together.Eating steak and drinking red wine, this is acceptable to Wu Guangyao, a modern person.However, judging from He Yuanzhang's expression, it feels a bit strange, obviously he hasn't adapted yet!Sundus is a tall, handsome English gentleman. He takes a stern look at the meal. It can be seen that Wu Guangyao's obsessive-compulsive disorder has come out.Swallowed a small bite of steak, put a sip of red wine on it, and wiped his lips with a towel, Sandus said: "Wu, what is your plan for buying a ship?"Wu Guangyao heard the words, put down the tableware in his hand, and said: First, I have to buy a few second-hand ships, and then wait for the American shipping company I know to build a new ship at the shipyard in Dongying.Sundus said: "I know George Madden, Chairman of Wheelock Group. He is also the head of Far East Shipping. He may have second-hand cargo ships to sell!"Wu Guangyao heard about Hui Tak Fung and couldn't help but think of his later acquisition by the charter king.Although Wheelock Group is a veteran foreign firm, it has experienced the difficult journey of being almost acquired by Jardine Matheson in 1974 and being successfully acquired by Charter King in 1985.In 1974, Wheelock Group's Madden was already in desperation and arranged for the two British companies, Jardine and Land, to propose the acquisition of Wheelock on October 21, 1976. The news caused a sensation in the market. If the merger succeeds, Jardine's strength Will surpass HSBC.In 1976, Hutchison International, which received a substantial shareholding from HSBC, immediately announced its involvement in the takeover 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 to produce due to competition from multiple companies.Wu Guangyao said: "Thank you so much. I was planning to go to England to buy second-hand freighters. It would be better if Far East Shipping had a suitable one!"Sure enough, it is a sedan chair who is carrying people. As long as you start, you will be able to go smoothly in the back!The last 30 zipper machines of PG zipper arrived on Hong Kong Island at the end of May as scheduled.In the competition with YKK, it was the first to complete 100 automatic zipper machines.At this time, there are already 2,000 workers in the PG Zipper Industrial Park, making it a veritable manufacturing kingdom.The profit of PG zipper can provide Wu Guangyao with funds to develop shipping when it guarantees its own development.It seems that there is a profit of 15 million Hong Kong dollars per year, but R&D alone requires 3 million Hong Kong dollars, plus the investment in the Star City Zipper Factory, as well as subsequent machinery additions and replacements.Wu Guangyao estimates that PG Zipper can provide 8 million Hong Kong dollars 2 million US dollars each year for Wu Guangyao to develop shipping.At the price of 800,000 U.S. dollars for a 10,000-ton freighter, Wu Guangyao needs to pay a 40% down payment, which is 320,000 U.S. dollars.It is common sense to calculate that it can increase the carrying capacity of 70,000 tons a year, but don't forget that Wu Guangyao is basically going to buy second-hand freighters.In addition, a second-hand freighter can pay off the loan in two or three years. At that time, the freighter can be used as collateral for refinancing.In 5 years, even if the global shipping capacity of 1 million tons cannot be reached, there is nothing. This is just a slogan and a goal!End of this chapter
