Chapter 317: [Small actions of HSBC Bank! 】
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Chapter 317【HSBC's little action! 】
After sending off the children, Wu Guangyao and Lin Yueru came to the central wharf and took the Star Ferry.
"It's too inconvenient! An undersea tunnel should be dug between Kowloon and the island to allow vehicles to travel between the two sides!" Wu Guangyao said. He seemed to remember that the undersea tunnel should be opened in ten years. Wu Guangyao felt a headache for the Tianxing Ferry.
Of course, there is another way, which is to live in Kowloon!
However, most of Wu Guangyao’s luxury properties are on the island, so he naturally wants to live on the island.
Deep Water Bay, Repulse Bay, Barker Road, Mid-Levels, Shek O and other land and properties are on the island.
"Undersea tunnel? How much would it cost? The Hong Kong government would be willing!" Lin Yueru held Wu Guangyao's arm and leaned closely together.
"No matter how much money is spent, the Hong Kong government will not lose money. Do you think there is no reason for the Hong Kong government to not charge after the repairs are completed?"
"That's true!"
At half past eight, the two came to the Changjiang Central Commercial Complex, then separated, and each walked towards a commercial building.
Lin Yueru needs to go to Baiyou Group, and Wu Guangyao is going to Global Shipping, and the two companies happen to be not in the same building.
Global Shipping handed in a full score in 1960, and the annual profit was as high as 180 million U.S. dollars;
And the 180 million US dollars is lying on the accounts of Global Shipping Company, which can be called at any time;
As for the loan, it has been repaid a long time ago, and it has even invested in a lot of container terminal projects.
The profit of US$180 million is the sum of the profits created by 1.5 million tons of old ships and 3.55 tons of new ships in 1960.
In the next year (1961), the old ships have been reduced to 800,000 tons; the new ships will gradually increase by 1.55 million tons to 5.1 million tons in this one year;
In general, the number of vessels has increased, but 60% of the vessels in the contract business have been converted to three-year contracts, and the profit is only 80% in the short term;
In general, the number of ships has increased and the profit rate has decreased, so the profit estimate is still at 180 million U.S. dollars.
When HSBC learned that after Global Shipping had made a profit in 1960, the executives of HSBC could not keep their mouths open for a long time, and the shock was overwhelming.
The profit of 180 million US dollars, if used for dividends, HSBC can allocate 40 million US dollars, which is almost 230 million Hong Kong dollars.
Last year, HSBC made a total profit of only 210 million Hong Kong dollars, which is not as high as the dividend of Global Shipping.
Of course, HSBC is not just a profitable company, and HSBC has too many funds available!
But anyway, Wu Guangyao's Global Group has surpassed HSBC and Jardine Bank to become the largest company on Hong Kong Island.
HSBC’s executives never want to be a Chinese company, and develop faster than HSBC;
Just as in the 1970s, Jardine Matheson wanted to annex Hutchison Bank, HSBC would block it, lest Jardine Matheson would surpass HSBC Foreign Bank in scale.
But global shipping is different. In 1953, Wu Guangyao bought HSBC into shares, which is equivalent to tying them to his own warship;
In addition, Global Shipping is doing global business outside of Hong Kong Island. HSBC Bank can't stretch out so long on Hong Kong Island no matter how NB!
Not only global shipping, but also Lenovo electronics, zipper industry, star hotel and other industries 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 have entered the world.
The office of Global Shipping is located on the top three floors of the building, totaling 70,000 square feet.
Wu Guangyao did not go to his office, but went directly to the meeting room. Today, he needed to hold a shareholder meeting.
Global shipping executives and HSBC bank representatives are all here, it seems that Wu Guangyao is waiting!
Wu Guangyao looked at it. A total of four people came from HSBC. It seems that they thought they were coming to divide the money this time, otherwise so many people would not come.
Everyone greeted each other and then entered the formal meeting.
“Everyone knows that in the past year, Global Shipping has broken through difficulties and achieved remarkable results.”
Wu Guangyao’s words have been unanimously agreed by everyone. Shipping has not been particularly easy to do in the past few years. Oil companies have frantically retaliated against the ship owners, and desperately lowered prices, just like the original shipowners were sitting on the ground and raising prices.
However, Global Shipping obviously reduced the loss to a minimum, thanks to all the original layout;
In the European and American markets, Global Shipping took the initiative to show good customers in the form of discounts during the Suez Canal;
In the Dongying market, we have signed a three-year memorandum of cooperation with old and major customers, provided that discounts and ship supply are guaranteed.
"Then how to deal with last year's profit, HSBC Bank can give me an opinion first!" Wu Guangyao seems not in a hurry, he is not afraid of HSBC saying dividends.
Sundus was taken aback, for such a big thing, this one did not first determine the general direction, but let HSBC first talk about it!
After a moment of silence, Sundars said: "If Mr. Wu has no plans to buy a ship, 60% of the money should be used for dividends!"
Wu Guangyao heard it, and suddenly felt that Sundashi still had the foresight, and he didn't directly say that he would pay dividends!
"Of course I chose to buy ships, and this time I will build ships in large quantities. My plan is to build another 2 million tons of ships."
Wu Guangyao's words, let the HSBC personally take a breath in the meeting room, everyone came to the meeting beamingly, after preparing to divide; unexpectedly, in the end, it would have to catch hundreds of millions of dollars.
The so-called loan shipbuilding is not a one-off loan fee paid by the bank; instead, the bank pays a certain amount of shipbuilding costs to the shipyard every month, which can be paid within the shipbuilding cycle (usually around 18 to 26 months). .
"Mr. Wu, is this a bit rash!" Sundars questioned. The cost of building a ship with a deadweight of 2 million tons would cost at least US$280 million, plus interest estimated to be around US$330 million.
While Global Shipping only has a cash flow of 180 million, it still has to set aside some funds for investment.
"It's still the old saying, shipping is to seize the opportunity. One step later is to lose countless profits and increase infinite risks. Well, it's a bit like stock speculation. The people in front have already made money and left the market; It's a takeover. You HSBC actually understand that there is a lot to do in the shipping industry, otherwise you won't make large loans to other shipping companies!" After Wu Guangyao finished speaking, he looked at several people at HSBC with a smile on his face.
The four HSBC smiled bitterly, this one is running against HSBC!
"Mr. Wu, HSBC is a financial institution, and loans are our main source of profit; naturally, we will not reject those shipowners who have potential and are eligible for loans." Sundas said.
"Haha, understand! I just want to express that shipping is still a potential industry, and we need to vigorously develop global shipping; as for dividends, I think we will talk about it when global shipping reaches 10 million tons of deadweight! I believe HSBC can Understand, after all, long-term investment will bring greater benefits."
Wu Guangyao finished speaking, the four people of HSBC exchanged their eyes, and then Sundars said: "Well, we recognize Mr. Wu's vision and are willing to accept this plan and provide loans."
HSBC not only earned Wu Guangyao's interest, they also made a loan selection based on the barometer of Wu Guangyao's shipping and real estate companies.
For example, when Wu Guangyao's companies are aggressively developing real estate, then HSBC has to loosen real estate loans, and so does shipping!
After all, HSBC Bank witnessed the development and rise of Wu Guangyao!
"Well, as everyone knows, Global Shipping itself has a fleet of 800 million US dollars. It can be said that it is not a problem to borrow from any bank. Moreover, Global Shipping now holds hundreds of millions of US dollars in long-term contract orders, which is low. Risky company; with so many advantages, HSBC does not have to worry about any problems at all." Wu Guangyao said confidently.
Global Shipping has no debt, which shows the ability of Global Shipping to make money!
At the beginning, HSBC only paid 14 million U.S. dollars plus 35% of the shares of Island Airlines, and obtained 22% of the global shipping shares.
Now the 22% of global shipping shares are worth more than US$180 million, which is more than ten times more than eight years ago.
So, this investment should be HSBC's best investment so far.
"That is, HSBC has always been optimistic about Global Shipping, and it is an alliance with Global Shipping. Naturally, we must support the expansion of Global Shipping." Sandus once again expressed HSBC's position.
At this time, Wu Guangyao completely got rid of HSBC; if Wu Guangyao wanted to borrow, the bank would have to queue up.
Especially the banks of the United States, they frequently show good wishes to Wu Guangyao and hope to cooperate!
Wu Guangyao did not refuse. If Xingyao Hotel plans to invest in five-star hotels in the future, you can consider a bank in the United States!
(End of this chapter)
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Chapter 317【HSBC's little action! 】
After sending off the children, Wu Guangyao and Lin Yueru came to the central wharf and took the Star Ferry.
"It's too inconvenient! An undersea tunnel should be dug between Kowloon and the island to allow vehicles to travel between the two sides!" Wu Guangyao said. He seemed to remember that the undersea tunnel should be opened in ten years. Wu Guangyao felt a headache for the Tianxing Ferry.
Of course, there is another way, which is to live in Kowloon!
However, most of Wu Guangyao’s luxury properties are on the island, so he naturally wants to live on the island.
Deep Water Bay, Repulse Bay, Barker Road, Mid-Levels, Shek O and other land and properties are on the island.
"Undersea tunnel? How much would it cost? The Hong Kong government would be willing!" Lin Yueru held Wu Guangyao's arm and leaned closely together.
"No matter how much money is spent, the Hong Kong government will not lose money. Do you think there is no reason for the Hong Kong government to not charge after the repairs are completed?"
"That's true!"
At half past eight, the two came to the Changjiang Central Commercial Complex, then separated, and each walked towards a commercial building.
Lin Yueru needs to go to Baiyou Group, and Wu Guangyao is going to Global Shipping, and the two companies happen to be not in the same building.
Global Shipping handed in a full score in 1960, and the annual profit was as high as 180 million U.S. dollars;
And the 180 million US dollars is lying on the accounts of Global Shipping Company, which can be called at any time;
As for the loan, it has been repaid a long time ago, and it has even invested in a lot of container terminal projects.
The profit of US$180 million is the sum of the profits created by 1.5 million tons of old ships and 3.55 tons of new ships in 1960.
In the next year (1961), the old ships have been reduced to 800,000 tons; the new ships will gradually increase by 1.55 million tons to 5.1 million tons in this one year;
In general, the number of vessels has increased, but 60% of the vessels in the contract business have been converted to three-year contracts, and the profit is only 80% in the short term;
In general, the number of ships has increased and the profit rate has decreased, so the profit estimate is still at 180 million U.S. dollars.
When HSBC learned that after Global Shipping had made a profit in 1960, the executives of HSBC could not keep their mouths open for a long time, and the shock was overwhelming.
The profit of 180 million US dollars, if used for dividends, HSBC can allocate 40 million US dollars, which is almost 230 million Hong Kong dollars.
Last year, HSBC made a total profit of only 210 million Hong Kong dollars, which is not as high as the dividend of Global Shipping.
Of course, HSBC is not just a profitable company, and HSBC has too many funds available!
But anyway, Wu Guangyao's Global Group has surpassed HSBC and Jardine Bank to become the largest company on Hong Kong Island.
HSBC’s executives never want to be a Chinese company, and develop faster than HSBC;
Just as in the 1970s, Jardine Matheson wanted to annex Hutchison Bank, HSBC would block it, lest Jardine Matheson would surpass HSBC Foreign Bank in scale.
But global shipping is different. In 1953, Wu Guangyao bought HSBC into shares, which is equivalent to tying them to his own warship;
In addition, Global Shipping is doing global business outside of Hong Kong Island. HSBC Bank can't stretch out so long on Hong Kong Island no matter how NB!
Not only global shipping, but also Lenovo electronics, zipper industry, star hotel and other industries 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 have entered the world.
The office of Global Shipping is located on the top three floors of the building, totaling 70,000 square feet.
Wu Guangyao did not go to his office, but went directly to the meeting room. Today, he needed to hold a shareholder meeting.
Global shipping executives and HSBC bank representatives are all here, it seems that Wu Guangyao is waiting!
Wu Guangyao looked at it. A total of four people came from HSBC. It seems that they thought they were coming to divide the money this time, otherwise so many people would not come.
Everyone greeted each other and then entered the formal meeting.
“Everyone knows that in the past year, Global Shipping has broken through difficulties and achieved remarkable results.”
Wu Guangyao’s words have been unanimously agreed by everyone. Shipping has not been particularly easy to do in the past few years. Oil companies have frantically retaliated against the ship owners, and desperately lowered prices, just like the original shipowners were sitting on the ground and raising prices.
However, Global Shipping obviously reduced the loss to a minimum, thanks to all the original layout;
In the European and American markets, Global Shipping took the initiative to show good customers in the form of discounts during the Suez Canal;
In the Dongying market, we have signed a three-year memorandum of cooperation with old and major customers, provided that discounts and ship supply are guaranteed.
"Then how to deal with last year's profit, HSBC Bank can give me an opinion first!" Wu Guangyao seems not in a hurry, he is not afraid of HSBC saying dividends.
Sundus was taken aback, for such a big thing, this one did not first determine the general direction, but let HSBC first talk about it!
After a moment of silence, Sundars said: "If Mr. Wu has no plans to buy a ship, 60% of the money should be used for dividends!"
Wu Guangyao heard it, and suddenly felt that Sundashi still had the foresight, and he didn't directly say that he would pay dividends!
"Of course I chose to buy ships, and this time I will build ships in large quantities. My plan is to build another 2 million tons of ships."
Wu Guangyao's words, let the HSBC personally take a breath in the meeting room, everyone came to the meeting beamingly, after preparing to divide; unexpectedly, in the end, it would have to catch hundreds of millions of dollars.
The so-called loan shipbuilding is not a one-off loan fee paid by the bank; instead, the bank pays a certain amount of shipbuilding costs to the shipyard every month, which can be paid within the shipbuilding cycle (usually around 18 to 26 months). .
"Mr. Wu, is this a bit rash!" Sundars questioned. The cost of building a ship with a deadweight of 2 million tons would cost at least US$280 million, plus interest estimated to be around US$330 million.
While Global Shipping only has a cash flow of 180 million, it still has to set aside some funds for investment.
"It's still the old saying, shipping is to seize the opportunity. One step later is to lose countless profits and increase infinite risks. Well, it's a bit like stock speculation. The people in front have already made money and left the market; It's a takeover. You HSBC actually understand that there is a lot to do in the shipping industry, otherwise you won't make large loans to other shipping companies!" After Wu Guangyao finished speaking, he looked at several people at HSBC with a smile on his face.
The four HSBC smiled bitterly, this one is running against HSBC!
"Mr. Wu, HSBC is a financial institution, and loans are our main source of profit; naturally, we will not reject those shipowners who have potential and are eligible for loans." Sundas said.
"Haha, understand! I just want to express that shipping is still a potential industry, and we need to vigorously develop global shipping; as for dividends, I think we will talk about it when global shipping reaches 10 million tons of deadweight! I believe HSBC can Understand, after all, long-term investment will bring greater benefits."
Wu Guangyao finished speaking, the four people of HSBC exchanged their eyes, and then Sundars said: "Well, we recognize Mr. Wu's vision and are willing to accept this plan and provide loans."
HSBC not only earned Wu Guangyao's interest, they also made a loan selection based on the barometer of Wu Guangyao's shipping and real estate companies.
For example, when Wu Guangyao's companies are aggressively developing real estate, then HSBC has to loosen real estate loans, and so does shipping!
After all, HSBC Bank witnessed the development and rise of Wu Guangyao!
"Well, as everyone knows, Global Shipping itself has a fleet of 800 million US dollars. It can be said that it is not a problem to borrow from any bank. Moreover, Global Shipping now holds hundreds of millions of US dollars in long-term contract orders, which is low. Risky company; with so many advantages, HSBC does not have to worry about any problems at all." Wu Guangyao said confidently.
Global Shipping has no debt, which shows the ability of Global Shipping to make money!
At the beginning, HSBC only paid 14 million U.S. dollars plus 35% of the shares of Island Airlines, and obtained 22% of the global shipping shares.
Now the 22% of global shipping shares are worth more than US$180 million, which is more than ten times more than eight years ago.
So, this investment should be HSBC's best investment so far.
"That is, HSBC has always been optimistic about Global Shipping, and it is an alliance with Global Shipping. Naturally, we must support the expansion of Global Shipping." Sandus once again expressed HSBC's position.
At this time, Wu Guangyao completely got rid of HSBC; if Wu Guangyao wanted to borrow, the bank would have to queue up.
Especially the banks of the United States, they frequently show good wishes to Wu Guangyao and hope to cooperate!
Wu Guangyao did not refuse. If Xingyao Hotel plans to invest in five-star hotels in the future, you can consider a bank in the United States!
(End of this chapter)
Chapter 317HSBC's little action! After sending off the children, Wu Guangyao and Lin Yueru came to the central wharf and took the Star Ferry."It's too inconvenient! An undersea tunnel should be dug between Kowloon and the island to allow vehicles to travel between the two sides!" Wu Guangyao said. He seemed to remember that the undersea tunnel should be opened in ten years. Wu Guangyao felt a headache for the Tianxing Ferry.Of course, there is another way, which is to live in Kowloon!However, most of Wu Guangyao's luxury properties are on the island, so he naturally wants to live on the island.Deep Water Bay, Repulse Bay, Barker Road, Mid-Levels, Shek O and other land and properties are on the island."Undersea tunnel? How much would it cost? The Hong Kong government would be willing!" Lin Yueru held Wu Guangyao's arm and leaned closely together."No matter how much money is spent, the Hong Kong government will not lose money. Do you think there is no reason for the Hong Kong government to not charge after the repairs are completed?""That's true!"At half past eight, the two came to the Changjiang Central Commercial Complex, then separated, and each walked towards a commercial building.Lin Yueru needs to go to Baiyou Group, and Wu Guangyao is going to Global Shipping, and the two companies happen to be not in the same building.Global Shipping handed in a full score in 1960, and the annual profit was as high as 180 million U.S. dollars;And the 180 million US dollars is lying on the accounts of Global Shipping Company, which can be called at any time;As for the loan, it has been repaid a long time ago, and it has even invested in a lot of container terminal projects.The profit of US$180 million is the sum of the profits created by 1.5 million tons of old ships and 3.55 tons of new ships in 1960.In the next year 1961, the old ships have been reduced to 800,000 tons; the new ships will gradually increase by 1.55 million tons to 5.1 million tons in this one year;In general, the number of vessels has increased, but 60% of the vessels in the contract business have been converted to three-year contracts, and the profit is only 80% in the short term;In general, the number of ships has increased and the profit rate has decreased, so the profit estimate is still at 180 million U.S. dollars.When HSBC learned that after Global Shipping had made a profit in 1960, the executives of HSBC could not keep their mouths open for a long time, and the shock was overwhelming.The profit of 180 million US dollars, if used for dividends, HSBC can allocate 40 million US dollars, which is almost 230 million Hong Kong dollars.Last year, HSBC made a total profit of only 210 million Hong Kong dollars, which is not as high as the dividend of Global Shipping.Of course, HSBC is not just a profitable company, and HSBC has too many funds available!But anyway, Wu Guangyao's Global Group has surpassed HSBC and Jardine Bank to become the largest company on Hong Kong Island.HSBC's executives never want to be a Chinese company, and develop faster than HSBC;Just as in the 1970s, Jardine Matheson wanted to annex Hutchison Bank, HSBC would block it, lest Jardine Matheson would surpass HSBC Foreign Bank in scale.But global shipping is different. In 1953, Wu Guangyao bought HSBC into shares, which is equivalent to tying them to his own warship;In addition, Global Shipping is doing global business outside of Hong Kong Island. HSBC Bank can't stretch out so long on Hong Kong Island no matter how NB!Not only global shipping, but also Lenovo electronics, zipper industry, star hotel and other industries 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 have entered the world.The office of Global Shipping is located on the top three floors of the building, totaling 70,000 square feet.Wu Guangyao did not go to his office, but went directly to the meeting room. Today, he needed to hold a shareholder meeting.Global shipping executives and HSBC bank representatives are all here, it seems that Wu Guangyao is waiting!Wu Guangyao looked at it. A total of four people came from HSBC. It seems that they thought they were coming to divide the money this time, otherwise so many people would not come.Everyone greeted each other and then entered the formal meeting.Everyone knows that in the past year, Global Shipping has broken through difficulties and achieved remarkable results.Wu Guangyao's words have been unanimously agreed by everyone. Shipping has not been particularly easy to do in the past few years. Oil companies have frantically retaliated against the ship owners, and desperately lowered prices, just like the original shipowners were sitting on the ground and raising prices.However, Global Shipping obviously reduced the loss to a minimum, thanks to all the original layout;In the European and American markets, Global Shipping took the initiative to show good customers in the form of discounts during the Suez Canal;In the Dongying market, we have signed a three-year memorandum of cooperation with old and major customers, provided that discounts and ship supply are guaranteed."Then how to deal with last year's profit, HSBC Bank can give me an opinion first!" Wu Guangyao seems not in a hurry, he is not afraid of HSBC saying dividends.Sundus was taken aback, for such a big thing, this one did not first determine the general direction, but let HSBC first talk about it!After a moment of silence, Sundars said: "If Mr. Wu has no plans to buy a ship, 60% of the money should be used for dividends!"Wu Guangyao heard it, and suddenly felt that Sundashi still had the foresight, and he didn't directly say that he would pay dividends!"Of course I chose to buy ships, and this time I will build ships in large quantities. My plan is to build another 2 million tons of ships."Wu Guangyao's words, let the HSBC personally take a breath in the meeting room, everyone came to the meeting beamingly, after preparing to divide; unexpectedly, in the end, it would have to catch hundreds of millions of dollars.The so-called loan shipbuilding is not a one-off loan fee paid by the bank; instead, the bank pays a certain amount of shipbuilding costs to the shipyard every month, which can be paid within the shipbuilding cycle usually around 18 to 26 months. ."Mr. Wu, is this a bit rash!" Sundars questioned. The cost of building a ship with a deadweight of 2 million tons would cost at least US$280 million, plus interest estimated to be around US$330 million.While Global Shipping only has a cash flow of 180 million, it still has to set aside some funds for investment."It's still the old saying, shipping is to seize the opportunity. One step later is to lose countless profits and increase infinite risks. Well, it's a bit like stock speculation. The people in front have already made money and left the market; It's a takeover. You HSBC actually understand that there is a lot to do in the shipping industry, otherwise you won't make large loans to other shipping companies!" After Wu Guangyao finished speaking, he looked at several people at HSBC with a smile on his face.The four HSBC smiled bitterly, this one is running against HSBC!"Mr. Wu, HSBC is a financial institution, and loans are our main source of profit; naturally, we will not reject those shipowners who have potential and are eligible for loans." Sundas said."Haha, understand! I just want to express that shipping is still a potential industry, and we need to vigorously develop global shipping; as for dividends, I think we will talk about it when global shipping reaches 10 million tons of deadweight! I believe HSBC can Understand, after all, long-term investment will bring greater benefits."Wu Guangyao finished speaking, the four people of HSBC exchanged their eyes, and then Sundars said: "Well, we recognize Mr. Wu's vision and are willing to accept this plan and provide loans."HSBC not only earned Wu Guangyao's interest, they also made a loan selection based on the barometer of Wu Guangyao's shipping and real estate companies.For example, when Wu Guangyao's companies are aggressively developing real estate, then HSBC has to loosen real estate loans, and so does shipping!After all, HSBC Bank witnessed the development and rise of Wu Guangyao!"Well, as everyone knows, Global Shipping itself has a fleet of 800 million US dollars. It can be said that it is not a problem to borrow from any bank. Moreover, Global Shipping now holds hundreds of millions of US dollars in long-term contract orders, which is low. Risky company; with so many advantages, HSBC does not have to worry about any problems at all." Wu Guangyao said confidently.Global Shipping has no debt, which shows the ability of Global Shipping to make money!At the beginning, HSBC only paid 14 million U.S. dollars plus 35% of the shares of Island Airlines, and obtained 22% of the global shipping shares.Now the 22% of global shipping shares are worth more than US$180 million, which is more than ten times more than eight years ago.So, this investment should be HSBC's best investment so far."That is, HSBC has always been optimistic about Global Shipping, and it is an alliance with Global Shipping. Naturally, we must support the expansion of Global Shipping." Sandus once again expressed HSBC's position.At this time, Wu Guangyao completely got rid of HSBC; if Wu Guangyao wanted to borrow, the bank would have to queue up.Especially the banks of the United States, they frequently show good wishes to Wu Guangyao and hope to cooperate!Wu Guangyao did not refuse. If Xingyao Hotel plans to invest in five-star hotels in the future, you can consider a bank in the United States!End of this chapter
