Chapter 2166 What a Clever Plan! (Third Change)

For this matter, I heard that Mr. Dong is very busy and very miserable.

Yin Jun saw Mr. Dong today, only to find that his condition was worse than expected.

His white hair has not been dyed, and his face is haggard, much thinner than when the Xiangjiang Real Estate Builders Association gathered on New Year's Day.

The yacht drove out to sea for about 20 nautical miles, then stopped, turned off the motor, and let it float slowly on the sea.

It is now April, and the sea breeze in Xiangjiang is still relatively strong, but if you choose to go out to sea at one or two o'clock in the afternoon, the sea breeze will be relatively mild. With the sunshine, it will make people lazy and do not want to move.

Yin Jun, Mr. Dong, and Young Master Huo were sitting on the deck, talking and blowing the sea breeze.

The main reason is that the two of them said that Mr. Huo Er was just chatting.

"Recently, the debt problem of our OOCL has exhausted the Dong family." Mr. Dong sighed, "My father originally only wanted to surpass others and become the number one in the world, but he never thought that the world's number one One does not necessarily make money. On the contrary, in order to maintain such a large scale, it needs to pay more. Even the debt will be heavier.”

Yin Jun smiled when he heard this.

indeed so.

The Dong family worked hard and finally became the world's second and Xiangjiang's number one ship king last year.

But what good is that?

In addition to the large scale, does the Dong family's fleet make money?

No money.

Also because of the current excess shipping capacity and price wars everywhere, they have been losing money for the past few years.

It can't be said that the transportation industry has always paid for the business, and there is still a slight profit in this regard.

The cooperative companies of the Dong family's fleet have been old friends for decades. It is impossible for them to make the Dong family lose money, they just make less money.

The real expenses of the Dong family were all on the purchase of custom-made ships, the maintenance of such a huge ship, and the salaries and benefits of the personnel.

This is the great burden that wears them down.

In contrast, Charter King is much smarter.

The Bao family's fleet has already been cut in size by more than half, and they are all doing the most stable business, which is not too profitable, but there is no problem at all if they keep going.

"In the past two years, with the support of Mr. Huo and Mr. Jun, a group of old friends, our life is not bad, at least the situation has not continued to deteriorate." Mr. Dong continued: "I have stopped the Japanese 12 order for a cargo ship, laid off some staff, retired some old and small ships, closed some unnecessary departments, and streamlined the team. The situation had turned for the better, but I didn't expect them to stab me again at this time One knife!"

"Yeah, you've done a good job. It's a pity that people are not greedy enough. They don't care about you so much." Second Young Master Huo also sighed.

As a typical rich second generation, Mr. Dong is doing absolutely excellent now.

Thanks to his active and earnest operation, OOCL's debts have been reduced by a quarter, and its losses last year have also been reduced by 21%. This year's operating costs may continue to decline.

If you give him 5 years, even if there is no order from Kirin Mining Company, maybe OOCL will be able to get back up again.

But who would give him that long?

Especially in the current situation where a large amount of profits can be expected, these creditors who have been delayed by OOCL for several years will definitely not miss this opportunity.

The second son of Huo felt a little emotional, and he also thought of the attitude of Xiangjiang's government to kill the Huo family back then. At that time, many people also fell into trouble.

If it weren't for the emergency rescue in the mainland, the river sand business was exclusively given to the Huo family, so Xiangjiang had to rely on the Huo family for development, maybe today's Huo family would have declined.

"Specifically, do they have an agreement on equity?" Yin Jun asked curiously.

"What we owe is only debts and loans, and does not involve OOCL's shares." Mr. Dong said, "But if we cannot repay, they have the right to claim ownership of shares as compensation. The current OOCL shares are not It’s worthless, if we give them all, we still need to bear a huge debt of more than 2 billion Hong Kong dollars, of which the Dong family has to bear more than 1 billion.”

The young man smiled wryly.

How shabby your Oriental Overseas is.

With such a level of insolvency, he really knows how to play.

"Then what are you going to do? There are still about 6 months before the first shipment of ore leaves the port." Yin Jun said, "If they really want to gain control, they will definitely not let go of this opportunity."

"The time they gave me is until the end of April. If it doesn't work, the court can only enforce it." Mr. Dong frowned and said, "I can only borrow money everywhere now. Only when the debt is paid off can we talk about other things.”

"But the current collateral of the Dong family is not enough. Even if all the assets are mortgaged, they can only borrow 2 billion Hong Kong dollars." Mr. Huo Er added, "Their assets in OOCL have been completely frozen and cannot be used as private mortgages. To borrow money. But if you borrow money in the name of the company, there is no way, because OOCL has completely become a junk stock."

Due to the recent pressure from creditors, OOCL's stock has fallen again and again, and its market value has plummeted.

But the strange thing is that no matter how much it fell, those stockholders did not sell their shares, which made it a pity for those who wanted to absorb shares in the market.

This is also nonsense.

Are you the only ones who know that OOCL will usher in a turning point in September and October?

We also know the same, and we are waiting for that time to turn around!

"Our Huo family has already lent 500 million Hong Kong dollars to the Dong family." Mr. Huo said, "But what the Dong family lacks is not only the 4 billion Hong Kong dollars, but also the following series of operating funds and various expenses. , At least 2 billion Hong Kong dollars must be prepared to pass the customs, this is the most difficult part!"

yes!

With a total loan demand of 6 billion Hong Kong dollars, except for a few giant companies, any company in Hong Kong is definitely a huge sum of money.

"My father means that if Jun Shao is convenient, he can also lend some money to Dong's family." Second Master Huo continued, "But more importantly, my father knows that Jun Shao is smart, and I hope you can come up with a way to Get rid of this matter without spending so much money! If you solve it one day earlier, it will be better."

Yin Jun nodded slightly.

Mr. Huo's idea is right.

Being entangled all the time not only makes it impossible for OOCL to operate normally, but more importantly, it damages OOCL's reputation, which is more important than arrears.

If your company has no reputation and reputation, how can it gain a foothold?

"Jun Shao, you don't need to lend me money directly. You can ask Xiangjiang Commercial Bank or HSBC to lend us a loan." Mr. Dong said, "If the bank is willing to lend us money, it proves that it has confidence in us. It is very important to stabilize people's hearts."

"It's okay to borrow money, how much you need, after you discuss with them, I'll just be a guarantee." Yin Jun nodded first, and then said: "I have an idea, so that you can get more support."

"Oh? Young Master Jun, please tell me!" Mr. Dong said with a boost of energy.

"Do you still have 12 ships in Japan, which will be delivered next year?" Yin Jun asked.

"Yes, there were originally 24 ships. We paid a little liquidated damages and canceled half of them. Now there are 12 ships left." Mr. Dong said quickly: "We are using these 12 ships to prepare to join Qilin Mining next year. The company's iron ore transportation. Once it arrives, we will phase out 40 smaller and older ships, greatly reducing the burden."

"You first sell the order of 12 ships to the other four ship kings." Yin Jun said, "Sell them at a price 20% higher than the original price, so the recovered funds should be about 2 billion?"

"Because the final payment will be paid when the goods are delivered, we actually only pay about 1 billion Hong Kong dollars now." Mr. Dong said, "If we sell them, the recovered funds are only 1.2 billion."

"1.2 billion is not a small amount, so take this money and go to repay it first!" Yin Jun asked, "This part of the assets should be movable, right?"

"Yes! Because it is a company's debt, it is a normal business practice to sell assets to pay off the debt." Mr. Dong explained, also a little puzzled, "It's just that they will be willing to take over at a high price? And what else does it mean? ?"

He was also driven crazy, and his thinking couldn't keep up.

Huo Ergong, an outsider, immediately came to his senses.

"Wonderful, Young Master Jun!" Second Master Huo clapped his hands and laughed, "On the one hand, he paid off the debt with the urgently needed funds! On the other hand, he expressed the support of the four ship lords for the Dong family, making others feel that the shipping These people in the industry are advancing and retreating together! The last point...you must be thinking that after the crisis is over, when the iron ore starts to be transported, the profits and expected benefits generated will allow OOCL to borrow again, so that Buy these 12 ships back from their hands, shall we?

Anyway, it will be delivered next year, and there is plenty of time to operate it! In this way, they actually walked around in their hands, and they didn't pay anything, they just lent the 1.2 billion Hong Kong dollars to OOCL for free! But with Kirin Mining's shipping profit expectations, they'd definitely agree, right? "

Yin Jun smiled and nodded.

Mr. Dong also suddenly realized when he heard it, and then he was pleasantly surprised.

"Young Master Jun, you really are amazing!" Mr. Dong clapped his hands excitedly and praised, "Such a play is so impressive! OOCL's backing seems to be much thicker all of a sudden!"

Compared with the loan amount given by HSBC and Heung Kong Commercial Bank, Yin Jun's move doesn't cost any money at all, but the effect is definitely very good!

A genius is a genius, to come up with such an idea in the blink of an eye!

The Dong family is so lucky to have this friend!