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804, The fall of the ship king(2/3)

Although no one in Xiangjiang at this period can ignore Chu Huan's suggestions, these wealthy businessmen in Xiangjiang have been able to develop step by step until now. They are also determined people, so they will pay attention to Chu Huan's suggestions, but they will not ignore them.

I completely believe in Chu Huan’s advice without restraint.

Zhao Congyan is such a person. Huaguang Shipping's ships are basically leased to world-renowned shipping companies, and some are even local government shipping companies.

Such a situation makes Zhao Congyan believe that even if the cold wave in the shipping industry really breaks out, it will not have any impact on Huaguang Shipping.

But the real situation is that this cold wave in the shipping industry is global and long-term. Although Huaguang Shipping’s ships are leased to other shipping companies, those shipping companies also have to face this crisis.

The shipping cold wave, so the real situation is.

In two years, these shipping companies will go bankrupt and liquidated one after another, and Huaguang Shipping's ships can only dock at the port.

This chapter is not over yet, please click on the next page to continue reading! By then, although Huaguang Shipping’s debt will not be as high as that of Orient Overseas, it will still have debts of US$860 million.

This forced Zhao Congyan to sell his collection of antiques, family real estate, shares, etc. to repay debts.

Seeing Zhao Congyan's attitude, Chu Huan said nothing.

When Bao Yugang arrived, he called Chu Huan aside and whispered

He asked Chu Huan: "Ah Huan, there won't be any problems in Australia and Brazil, right?"

Although the investment in these two places is still under construction, Bao Yugang has already seen that the most stable shipping route in the next few years is probably Chu Huan's investment in these two places!

Chu Huan nodded and said: "There should be no problem. The Australian side has officially started production. At the same time, we have reached a consensus with the country. Iron ore and steel raw materials will be officially shipped to the country next year. At the same time, we will cooperate with other

Some countries have also signed contracts, and as for Brazil, transportation should also start next year!”

Throughout the 1980s and 1990s, except for a few sporadic countries, the rest of the world was developing, and development was inseparable from steel.

It can be said that Australia's iron ore mines have represented huge profits from the moment they were discovered!

Hearing what Chu Huan said, Bao Yugang finally breathed a sigh of relief and said: "In my opinion, the situation in the shipping industry cannot be ended in a short time. The next few years will depend on your support, Ah Huan!"

….

Chu Huan smiled and said: "Uncle Bao, you're welcome, we are just developing together!"

At this time Mr. Dong came over with a sad look on his face.

"Weng Bao, Director Chu, I'm in trouble for you two today!"

Bao Yugang comforted him: "What should be done, Ah Hua, you have to cheer up. From now on, you will be in charge of OOCL's affairs. There are still many things waiting for you to deal with!"

"Thank you, Uncle Bao." Mr. Dong looked at Chu Huan and asked, "Dong Chu, after my father's matter is over, I want to talk to you in detail, Mr. Chu. I wonder if you have time, Mr. Chu?"

Chu Huan nodded and said: "No problem, Mr. Dong, you can just come to the Chinese Bank directly!"

Mr. Dong thanked him and said, "Thank you very much, Mr. Chu, for what happened this time..."

Chu Huan and Bao Yugang couldn't comfort Mr. Dong too much at this time. After just a few words of comfort, Mr. Dong left.

Seeing that it was getting light outside, Bao Yugang said to Chu Huan, "Let's find a place to have breakfast?"

Chu Huan nodded, and the two of them left the Sanatorium and Hospital and found a tea restaurant nearby. Neither of them was in the mood, so they ordered something casually.

"It seems that Ah Hua doesn't quite agree with his father's previous actions!" Bao Yugang said to Chu Huan.

At this time, Dong Haoyun had just passed away, and Mr. Dong found Chu Huan, who had been expressing his disdain for the shipping industry in the past few years. It can be seen that Mr. Dong agreed with Chu Huan's views even more.

"It's hard to get back!" Chu Huan sighed: "In order to become the world's number one shipping king, Dong Weng frantically expanded OOIL's ships in the past two years. Mr. Dong wants to lead OOCL out of the current predicament. I'm afraid he is a very

A difficult process!"

Not only was it difficult, during the process of rescuing Orient Overseas, Orient Overseas faced bankruptcy crises many times.

In 1984, OOIL suffered a loss of HK$970 million and was already on the verge of bankruptcy. Fortunately, it obtained a credit loan of HK$3.8 billion from HSBC the following year, which saved OOCL from bankruptcy, but it also reduced OOIL to a mere bank.

For companies that work part-time, 80% of their gross profits are used to pay bank interest every year.

In 1986, a Chinese-funded group extended a helping hand through Tsar Huo and injected HK$100 million to acquire 50% of Orient Overseas shares.

Orient Overseas has avoided disaster, but it is still not out of the woods.

On May 17 of the same year, the new group announced the long-term debt restructuring plan of Dong Group: Mr. Dong paid a heavy price, no longer owned any rights and interests, and retained his status as an administrator.

From then on, Mr. Dong converted debts into equity and was demoted from boss to employee, with the creditor as the boss.

At that time, the huge assets of the Dong family were almost wiped out.

Mr. Dong took charge of the administrative work of OOCL, which helped OOCL come out of desperate situation step by step.

By the end of the month, Fornesvi Company was sold, and by the end of the year, the number of container ships was reduced to 29.

Until the report on May 18, 1991, Orient Overseas had an after-tax loss

is HK$20 million.

With the slow recovery of the world's shipping industry in the 1990s, OOCL's business has gradually improved, with profits increasing year by year. Mr. Dong is regarded by his peers as a leader in the shipping industry. He has a steady style and maintains a low profile. His family assets exceed US$1 billion.

Regarding Chu Huan's evaluation, Bao Yugang didn't say anything. They are both leaders in the Hong Kong shipping industry. Compared to Chu Huan, Bao Yugang must have a better understanding of OOCL's situation...

"Sometimes, it's quite helpless to think about these things. To outsiders, we seem to have great success, but in fact, a change in the situation in the industry may put us in a desperate situation!"

Bao Yugang couldn't help but sigh.

When Chu Huan saw Bao Yugang like this, he couldn't help but laugh and said: "Uncle Bao said this, if other people heard it, they would probably laugh. Uncle Bao, you anticipated this crisis in advance and abandoned the ship to land."

, it can be considered that we have overcome this difficulty!"

Bao Yugang chuckled lightly and said, "Thank you for your help, Ah Huan. If it hadn't been for your financial help, it wouldn't have been so easy for Universal to complete the abandonment and landing."

The news of Dong Haoyun's death occupied the front pages of major media newspapers in Hong Kong. The launching ceremony originally scheduled for the 17th '***' turned into Dong Haoyun's funeral.

Hong Kong Governor MacLehose, who had not yet left Hong Kong, the Moroccan prince and his wife who had arrived in Hong Kong, and more than 3,000 political and business figures in Hong Kong attended Dong Haoyun's funeral.

‘The launching ceremony turned into a funeral!,

This is the content of the newspaper in Hong Kong that day.

When the time came to May, MacLehose, Hong Kong's most successful governor during the British rule, left Hong Kong, and MacLehose's successor, Youde, also came to Hong Kong.

The first thing Youde did after arriving in Hong Kong was to invite Chu Huan to the Hong Kong Governor's House.

"Dr. Chu, I have admired your name for a long time, and today we finally meet him!"

After seeing Chu Huan, Youde had a bright smile on his face.

However, Chu Huan remained wary of Youde's smile. Of course, Chu Huan was also smiling on the surface.

This year, Youde's contact with his hometown did not just start this year. As early as the late 1940s, he was the third secretary of Ying Lun in his hometown. In 1953, he was reassigned to his hometown as the second secretary of the office.

, he was sent to North America for a few years, and then from 1960 to 1962, he served as the first secretary of the British office in his hometown.

From 1974 to 1978, he was the British ambassador to China again!

During this period, the British sent Youde to Hong Kong to replace MacLehose as the governor of Hong Kong, also because Youde was familiar with his hometown.

"The Governor is too polite. I should take the initiative to see the Governor!"

Chu Huan preached humbly.

Youde laughed and said: "I am new to Xiangjiang and I don't know much about the situation in Xiangjiang. I hope that Director Chu can support my work more in the future!"

Chu Huan continued to preach modestly: "I am a businessman, and the management of Hong Kong should still be led by the Governor of Hong Kong!"

Youde waved his hand and said: "You can't say that. Although Xiangjiang's economic development has been rapid under the management of the British in recent years, it is still inseparable from the contribution of businessmen like you, Mr. Chu, to the economic development of Xiangjiang. In the future,

The economic development of Xiangjiang still depends on the support of Chairman Chu and others!"

The two of them complimented each other and chatted for more than half an hour, basically not mentioning anything serious.

Just when Chu Huan thought that Youde's invitation to come over this time was just a meeting and everyone had a first impression of each other, Youde suddenly asked Chu Huan something serious.

"Director Chu, I plan to go to my hometown after the inauguration ceremony is completed to discuss the situation in Xiangjiang with my hometown. I know that Director Chu, you have a lot of investments in your hometown, and I also hope to have an intermediary to help negotiate peace.

For a moment, I wonder if Director Chu will have time to go together!”….

Chu Huan frowned slightly, then smiled and said: "I'm afraid I'm going to disappoint you, Lord Governor of Hong Kong. Our group has a lot of things going on recently, especially some overseas business, and I need to personally take charge of it. This time it's

I really don’t have time to accompany Mr. Governor back home!”

When Youde saw that Chu Huan refused so simply, he felt dissatisfied, but he did not show it. After all, before Youde came to Xiangjiang to take office, many people in England had already greeted him.

As long as Chu Huan keeps his business in Hong Kong and does not get involved in things that cause headaches for the British government, Youde will still give Chu Huan full freedom.

In fact, these greetings made Youde understand that Chu Huan's influence in England was definitely not as simple as what he saw.

Moreover, when Chu Huan acquired Yihe, Youde was in London and knew something about it.

"Haha, since you, Director Chu, have something to do, I won't force you. I hope I can have a pleasant cooperation with you, Director Chu, in the future!"

Chu Huan knew that this was Youde's eviction order.

He stood up and said with a smile: "Then I won't disturb your work, Mr. Governor!"

"How's it going? Did I give you a hard time?"

After Chu Huan returned to No. 12 Mount Caleb Road, Cao Yunshang asked Chu Huan concernedly.

Chu Huan smiled and shook his head: "I can't talk about the difficulty, but I can feel that Youde must have come with an order!"

Cao Yunshang was not surprised by this, saying: "Now the British side must be prepared with both hands. On the one hand, they will win the negotiation with their hometown and continue to be in charge of Xiangjiang. On the other hand, if the negotiation fails, they will definitely make
To be continued...
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