Chapter 1640 Growing Reputation

Yin Jun knew that Oriental Overseas Company's troubles were actually far more than that.

Their own business strategy is a big problem. Blind expansion and development are simply not what is needed in this era.

And the new freighters they ordered were all unnecessary.

In the next ten years or so, shipping basically suffered from dismal performance.

Only by relying on the accelerated development of the mainland, Hong Kong's shipping companies will be able to play their part and regain their glory.

Therefore, what the Dong family should do most is to shrink their minions, work hard to develop other businesses, use the profits to repay debts, subsidize shipping companies, and wait for new opportunities to come.

However, he did not tell Mr. Huo more, let alone tell Mr. Dong in advance.

When a problem arises, if you help others solve it, that is kindness.

If the problem doesn't happen and you help solve it in advance, people may not be grateful to you.

Since you want to sell well, you must sell at the best time. This is a great favor.

However, because Yin Jun agreed to hand over half of the freight volume to the Dong family's fleet, Mr. Dong was very grateful and came to Shi Xuandao Manor that night to thank Yin Jun.

Mr. Huo is an old man and has never mentioned to Mr. Dong that half of Yin Jun's freight volume is 50 million tons.

This matter has not been settled yet. After all, it will take two or three years for Yin Jun to repair the railway and port shipments. What will happen if anything happens by then?

They said 50 million tons but didn't, isn't this pushing Arjun into the fire pit?

So it's best to wait until everything is repaired and the mine starts shipping as planned. That's the best time.

The conservative plan given by Mr. Huo now is 20 million tons.

Just this number has made Mr. Dong extremely excited.

This means that he can transport about 1.6 million tons of cargo a month. This transportation capacity is not small!

And it will happen every year, and it will be a stable income every year.

This is the biggest benefit for the Dong family!

Although the specific contract cannot be finalized until Kirin Mining Company calculates the cost.

After all, it is a bit of a joke to set a contract now for two years, and it is a contract in the shipping industry with huge fluctuations.

However, after obtaining Yin Jun's consent, Mr. Dong issued a notice the next day, announcing that Orient Overseas Corporation and Qilin Mining Company had reached a strategic agreement and were expected to obtain an annual transportation share of 20 million tons.

This was also confirmed when Le Yiling, the president of Kirin Group, was blocked at the door by reporters.

Once the news was verified, Orient Overseas' stock price immediately soared 18% that day, setting a three-year record.

Many of Orient Overseas's creditors also announced that they would suspend their debt obligations and give Orient Overseas more time after calling and asking various aspects.

For them, it is best for them if Orient Overseas can survive.

Otherwise, when Oriental Overseas goes bankrupt, where will they get their loans back?

Now it is obvious that the Dong family has established a relationship with Yin Jun. There is already a stable profit growth point in the next 20 to 30 years, and they can pay back the money slowly. Why do they have to press so hard?

Anyway, OOIL will repay the interest every year!

Loan interest is always higher than bank deposit interest, right?

Not only that, but the five shipyards in Japan also sent people to tell Mr. Dong that they don't have to pay the money for the goods, just pay some interest, and their ships will still be built as usual.

This made Mr. Dong relieved again.

When Yin Jun heard this, he was a little surprised.

Is there such an operation?

Have I underestimated my influence?

Indeed it is still the case.

When people heard that the Dong family was going to do business with Yin Jun and that they were responsible for transporting iron ore, they immediately thought of domestic steel forging.

Japan's six major consortiums basically monopolize all industry and commerce in Japan.

Everyone is inextricably connected.

In order to allow more of Yin Jun's high-quality iron ore to be transported to Japan, of course they have to show their goodwill from all aspects.

The Dong family's fleet is one aspect.

Even happier are Sumitomo Bank and Mitsui Banking Corporation.

As long as Yin Jun has more and more development projects, then they will get more benefits through Yin Jun.

First of all, they have the qualifications to suggest to Yin Jun about the distribution of iron ore - Sumitomo Bank and Mitsui Banking Corporation provide such cheap and convenient loans, so Yin Jun has to give some face.

As early as March this year, during the annual settlement, Makoto Honda, the director and president of Sumitomo Bank Hong Kong Branch, who facilitated the close cooperation between Yin Jun and the Bank of Japan, received a high commendation from the headquarters.

Because he and Yin Jun need to continue to cooperate more, he will not be transferred back to the headquarters for the time being. However, Honda Makoto's position at the headquarters has changed from an ordinary overseas branch president to a representative director - quite a lot. Yu is the company's deputy general manager, ranking between 20-30.

The only people above him are the general affairs, the representative director and president, the representative director and chairman, and others.

Taking into account the serious phenomenon of generational discrimination in capital allocation in Japan, the current average age of Sumitomo Bank’s chairman, president and general manager is 60 years old. At 37 years old, Honda Makoto can be said to be the youngest top management , a promising future.

Who caused all this?

Of course, Honda knew this very well. As soon as Yin Jun came back, he paid a visit and patted his chest and promised that if the Lantau Island Development Plan was short of funds, Sumitomo Bank would be enough to take care of it.

Enough? !

Good guy!

Rich people are so popular!

…

At the same time, inside the Bao family compound.

After finishing skipping, Bao Yugang handed the skipping rope to the servant, took Wu Guangzhen's towel, and wiped the sweat from his head.

His favorite sport in his life is rope skipping. When he met Mr. Xiao for the first time, he gave Mr. Xiao a pair of skipping ropes.

Yin Jun also has one at home.

"Dad, the sun is setting on the Dong family." Wu Guangzhen said as he sat on the chair with Bao Yugang, "This contract has not been finalized, it is just an agreement, and they couldn't wait to announce it. People with a discerning eye You can tell at a glance, isn’t this just grasping at a life-saving straw?”

"The question is, can they catch it?" Bao Yugang said with a smile.

"Speaking of it, Mr. Xiao Dong is quite courageous. He quickly cut through the mess and set the rules, and got the support of Mr. Huo and Ajun." Wu Guangzhen said.

Then he said proudly, "But none of them can compare with you. No one else knows that when the Christmas Creek Iron Mine came out, Ajun came to visit you and offered to hand over half of the transportation volume to us. Home fleet!"

The Bao family's fleet is not managed by Wu Guangzhen, but by another son-in-law of Bao Yugang, but now we are still a family.

"Haha, Mr. Huo didn't tell him the truth." Bao Yugang said with a smile, "Ajun is determined to produce 100 million tons of iron ore a year, but the half reported by the Dong family is only 20 million. tons. If they knew it was 50 million tons, then Xiao Dong would definitely faint from laughing, right?"

"Relationships are all different, how can we tell them all? Not everyone is as reliable as you, dad! What if his mind is not so profitable?" Wu Guangzhen shrugged, "But I think Ajun is like this It's too reckless. What if he doesn't find a single iron mine in the remaining 90,000 square kilometers? The sooner he digs out the mining area in his hand, the more harmful it will be to his mineral resource reserves!"

"Ajun is a person born with great luck. Since he is so convinced, I don't think it will be a problem... At least there will be another mining area similar to the Christmas Creek Iron Mine. It will not be a problem. After all, it is such a big territory!" Chartered Ship Wang said seriously, "Guang Zhen, dad has owned so many boats and so much money in his life, but they are not what I am most proud of.

What I am most proud of is my face! As long as I, Bao Yugang, come forward, everyone will give face and contribute money and effort to help! This is also the reason why our Bao family’s business has grown bigger and bigger in recent years. This is also an important reason why I abandoned the ship and went ashore and captured the Wharf in one fell swoop!

Your experience is different from mine, and you don’t need to follow my path. But one thing is that Arjun is a real genius and a very suitable person to be friends with. In addition to doing our business well in this life, if you can always stand with Ajun, then our family's business and the future generations within three generations will not have to worry! "

"Dad, I know."

Wu Guangzhen smiled bitterly, "If it were two years ago, I might have wanted to compete with him. But now, how can I not have this kind of self-knowledge? He has already established such a big foundation in the United States. In fact, I have earned more money and accumulated more family property than you have worked hard all your life. How can I compare with you? How can I be better than him? "

"You are not weak, you are my most promising successor." Bao Yugang encouraged his son-in-law, and then said, "But ordinary people can't compare with geniuses! If you give up because of some unnecessary disputes of will, It’s not good for you to lose such a solid and powerful ally!”

"yes."

Wu Guangzhenhe answered calmly.

"In addition, your stance should be firmer, and you should stand firmly with Ajun. Only when you face the current difficulties will you be regarded as a friend by him." The chartering king ordered, "Look at the Dong family. They are coming closer, we have no reason to lag behind them... Well, you should pack up, go back to Shanghai, and see what business you can invest in first!"

"I understand." Wu Guangzhen nodded.

Bao Yugang asked him to go to the mainland to invest in business, which was of course a further statement.

Wu Guangzhen actually feels that there are more opportunities in Hong Kong now, but as long as there is not large-scale investment from the mainland, it should not have much impact.

If the Bao family wants to truly flourish, it is more important to establish a foothold in Xiangjiang!

After all, with so many resources and so many advantages at hand, it would be a real pity to waste them!