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Chapter 265 [Pit a foreign consortium]

At the end of October, Britain and France launched military operations against Egypt despite the condemnation of the international community; for a time, the shipping prices reached the peak of history.

European and American routes are $60 per ton, and Far East routes are $32 per ton. This is the latest shipping freight price at the end of October; if nothing unexpected happens, this price will continue until May next year.

Global Shipping has invested 1.25 million tons of cargo/oil tankers with a load capacity in Europe and the United States, and can travel three times in six months according to one round trip every two months; if it happens, it can also take another high-priced voyage.

So conservatively, Global Shipping can earn US$220 million in Europe and the United States and make a profit of US$190 million.

Global Shipping has invested 1.05 million tons of cargo/oil tankers in Japan. In six months, it can run four times steadily; if it happens, it can also take another high-priced voyage.

Conservatively, Global Shipping can earn US$130 million in Japan and make a profit of US$110 million.

In the three months from August to October this year, Global Shipping has made a profit of US$80 million.

In other words, this opportunity will bring US$380 million to Global Shipping!

Before the arrival of the 1960s, Global Shipping could expand its fleet to US$500 million, with a load capacity of 5 million tons;

Bao Yugang, who was later in 1980, had a fleet worth more than US$2 billion; but Global Shipping could have a fleet of US$500 million in 1960.

It's so scary!

"Dongdong...Dongdong"

"Boss, Mr. Sandas asks for a meeting!"

Sandas walked into Wu Guangyao's office, his face full of excitement without any concealment.

"Mr. Wu, the shipping price has risen so high that you can still sit firmly on the Diaoyutai!"

Wu Guangyao joked: "Do you still want me to go on the boat and supervise the formation yourself?"

Inviting Sandas to sit down, Wu Guangyao's part-time secretary poured a cup of tea and placed it in front of Sandas.

Sandas also knew that he was so excited that he picked up the teacup and lit it a few times to calm down.

"How long do you think this wave of market can last?" Sandas asked the most concerned question. Wu Guangyao's vision does not need to be explained. HSBC is not investing in Global Shipping, but the young man in front of him.

"I don't know, but even if the war is over, the Suez Canal will not be opened immediately. So, let's wait for a big profit!" Wu Guangyao said confidently.

Sandas had calmed down at this time. After all, he had been locking up in the past three months and the shipping price soared; but when it soared to $60 per ton, he still couldn't control himself. The first thing he did was to come to Global Shipping to determine the situation.

This matter is so important. For me, I have already seen the edge of the HSBC senior class;

For HSBC, with its 22% Global Shipping shares, this wave of HSBC's profit is probably HSBC's profit for more than one year.

"The Governor of Sing Tao has agreed to our suggestion that Global Shipping can go to the port to inspect at any time!" said Sandas.

Wu Guangyao handed over the construction of a container terminal at Sing Tao Port to HSBC to public relations with the Governor General's Office of Sing Tao. After all, they are all British; while Global Shipping went public relations with Chinese MPs. After all, on Sing Tao, Chinese MPs are very powerful and can even check and balance the Governor.

"Oh, that's great! Our Global Shipping has long been recognized by Sing Tao Councillors. It seems that we are going to add two more container terminals!"

Singapore's port is the busiest port in the world in the future. If there are two container terminals there, then Global Shipping will not be a small company in the future even if it reduces ships and lands in the 1980s.

If it has 100 container terminals around the world, Global Group will become a top 100 companies in the world after the 21st century.

The three pillar industries of shipping, terminals and aviation will be built into a world-class company.

.........

In November, the "Longde Garden" located in Shenshui River opened, which is the fourth high-rise community developed by Changjiang Industrial.

In the past two years, the number of unit buildings developed by Cheung Kong Industrial has exceeded any other real estate company in Hong Kong;

Although there are only four projects, because they are all large residential communities, they are still the leader in the number of residential unit buildings.

Given that the sales of "Purple Gold City Phase III" are not as pleasant as before, about 60% of the houses were sold in more than a month;

Therefore, Wu Guangyao decided to sell the "Longde Garden" under deep water at a low price; all houses will be sold at 10% off to quickly recover funds.

The effect is good, 500 units were sold that day, accounting for 32% of the total!

It is slightly better than the sales situation of "Purple Gold City Phase III".

At this time, there was still one year before the housing prices/land prices in Wu Guangyao's memory plummeted, so Wu Guangyao was also anxious, and he was afraid that the three pieces of land in the central area would not have time to develop.

Because Changjiang Industrial did not have time to develop three pieces of land in the mid-district, Wu Guangyao decided to sell these three pieces of land.

Of course there is no problem with this. At this time, Southeast Asia and Japan's funds came to Hong Kong Island to start a real estate business, and there were also a lot of funds from Europe and the United States.

In the end, three pieces of land were sold to the Japanese consortium, the British consortium, the French consortium, and the Yangtze River Industry respectively, which received HK$29 million in cash.

After these consortiums buy these lands, they may not be able to wait for a year, and land prices/housing prices will plummet in Hong Kong. I wonder what to do then?

Of course, this is not completely unreliable for Wu Guangyao, because this is a normal business transaction.

However, this is indeed Wu Guangyao deliberately cheated these foreign capital, because Changjiang Industry did not sell it to Chinese merchants.

When I bought these three pieces of land, it was only HK$3 million; you can imagine how much land prices and housing prices in Hong Kong have risen in recent years.

Changjiang Industrial first invested only 4 million yuan to purchase land, and subsequently, the profits of Lanwan villas were invested in buying land, which was equivalent to spending less than 8 million Hong Kong dollars to buy land.

8 pieces of land and a property were purchased for HK$8 million, and the total value was above HK$75 million in 7 years.

With 8 pieces of land, Cheung Kong Industrial only had time to develop 5 pieces of land, namely four residential properties in Yau Tsim Mongshen, and a large commercial building in the Yangtze River Center in Tsim Sha Tsui.

Four residential lands, with a conservative profit of HK$70 million, and with the three lands sold at HK$29 million, Cheung Kong Industrial has exactly 100 million Hong Kong dollars.

The Yangtze River Central Commercial Building needs to invest HK$70 million, so there is still HK$30 million in the account, waiting for the bottom-buying moment in 1958.

In fact, Wu Guangyao still has a lot of money in his hands, but he does not intend to invest it all in the real estate industry.

Wu Guangyao Bank's deposits still have a full US$25 million, which contributed 90% of the money in the zipper industry, while Uniqlo and Lao Fengxiang contributed 10%; as for other industries, they are afraid that they will not be able to withdraw in recent years.

For example, shipping, even if it will make $380 million this time, Global Shipping will expand; $380 million is only enough to build a new ship of about 2.7 million tons, and the price can only be mostly chosen for Japan Shipyards.

A 30,000-ton tanker, worth US$4 million (about US$5 million in Europe and the United States), is enough to buy two to three six-storey buildings in the Central District of Hong Kong Island.

It is conceivable that when the 1960s arrive, how many buildings Wu Guangyao will sail freely on the sea!

The Kingdom of Sea King is not a joke!

In 1960, Wu Guangyao had a freighter/oil tanker of 5 million tons, so he would not be satisfied. In the next ten years, he would strive to expand the fleet to 18 million tons to 20 million tons in 1970; in the 1970s, he had to continue to expand, and to reach 30 million tons in the late 1970s.

Then, this fleet was worth about 5 billion US dollars before 1980. By then, Jardinet and other British foreign companies would still be Wu Guangyao's opponent.

In fact, even in the 1960s, Wu Guangyao's financial strength was enough to defeat these British foreign companies; but it was not the best time, so Wu Guangyao might just have a small confrontation with these foreign companies.

In the 1950s, Wu Guangyao had a small confrontation with three British foreign companies; of course, it was precisely because of the small confrontation that the Hong Kong government did not favor anyone.
Chapter completed!
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