Chapter 286 Zhao Chuanwang's Decision
There is a huge difference between the two, so investors and banks naturally cannot have any confidence in the Zhao family.
In this way, one can imagine the situation of the Zhao family during a period when the shipping industry is gradually declining.
It would be an understatement to describe it as ‘an ant on a hot disaster’.
Now it is impossible for the Zhao family to abandon the ship and dock. They can only choose to sell part of the Huaguang Group's business and fleet to reduce their burden.
Although it is cutting off flesh, it is better than sinking the whole ship together.
Like the chartered ship king, although the ship was abandoned and docked, in fact the fleet controlled by the other party was still the largest shipping company in Hong Kong.
The ships that the charter king sold at first were only part of the Universal Shipping Group. He sold some old ships to raise funds, and the pressure on the Universal Group was relieved.
Now Ship King Zhao also wants to learn this trick and wants to sell some of the ships he owns so as to collect some funds and pay off some of Huaguang Group's upcoming debts, thereby reducing debt pressure.
This will also stabilize investors and allow Huaguang Group to calmly weather the shipping crisis.
And the only person who can ferry him across the river is Yang Chen. Now everyone else outside has changed their minds after hearing about shipping.
As for asking someone to borrow money, what you borrow must always be repaid, and you must also owe someone a favor.
Captain Zhao put down the newspaper in his hand, sighed softly, and picked up the phone on the table.
"Hello, Lao Xue?"
"I would like to ask if your son-in-law is back."
"I'm ready to come back. Well, please tell him that I'll invite him to tea in two days."
"Well, thank you very much."
After hanging up the phone, Captain Zhao sat on the boss's chair and pondered for a long time. Then he picked up the phone and answered his secretary's call.
"Secretary Wu, please inform Manager Chen to come to my office."
During this time, King Zhao had already begun to investigate the business of Huaguang Group.
Although this part of the business in Asia has always been relatively important within Huaguang Group, Asian countries have not really developed it yet.
In terms of trade, compared with the European and American markets, the gap is still relatively large.
Nowadays, Huaguang Group has completely got rid of its single business, and its ocean trade has become increasingly serious. Even if it loses the Asian market in the future, it will not be severely damaged, but will only be damaged at most.
Although trade among developing countries in Asia is increasing, during this period of shipping depression, everyone is engaging in price wars.
If the Zhao family continues to compete here, not only will they not be able to take advantage, but they will also lose money. The balance of payments will not be balanced, and the debt crisis of Huaguang Group will become bigger and bigger.
Therefore, even if Yang Chen does not appear, Ship King Zhao will find a way to stop this part of the business.
As for what happens next, as long as Huaguang Group survives this shipping crisis, it will find a way to come back.
Dong Dong——
"Come in"
"Chairman, are you looking for me?"
When Captain Zhao saw the visitor, he stood up from the boss's chair, smiled and nodded, "Come, sit over there."
After the two of them sat down, Ship King Zhao looked at the capable subordinate who had been with him for almost ten years and felt unspeakable emotions in his heart.
A few years ago, Huaguang Group was still prosperous and kept rising. After a series of acquisitions and mergers, Zhao Congyan became one of the four major shipping kings in Hong Kong.
Now, he needs to sell ships to ensure that Huaguang Group is not overwhelmed by debt.
Without feeling for a long time, Ship King Zhao went straight to his right-hand man and asked in a deep voice: "Guocheng, tell me honestly, if the company gives up all its Asian business now, will it be able to survive, or can it still survive?"
how long."
When Chen Guocheng heard this, he was stunned for a moment, and then said: "Chairman, do you want to shut down the business in Asia?"
Ship King Zhao waved his hand and said: "It's not about shutting down, but giving up completely. I plan to sell Huaguang Group's Asian business and some of its ships to one person."
Hearing this, Chen Guocheng thought for a while, although he didn't know where his boss found his victim.
However, based on Huaguang Group's current business in Asia, it is difficult to say how much it can sell.
The debts Huaguang Group currently carries have reached billions. Even if someone takes over Huaguang Group's Asian business and some of its ships, it is difficult to guarantee that Huaguang Group can survive.
Unless the shipping crisis passes soon, the crisis of Huaguang Group will never disappear.
After Chen Guocheng finished thinking, he asked: "Chairman, can you tell me how much capital the other party is willing to contribute? Now the company has several loans that are about to expire. If"
"How much do you need?" Captain Zhao asked with a frown.
Chen Guocheng replied directly: "Chairman, in order to solve the company's current predicament, we must reduce the company's debt to a safe position. This requires one billion funds to ensure that the subsequent division of Huaguang's Asian business will not be affected."
One billion, although it is less than Huaguang Group's billions of debt, once Huaguang Group divides this part of the business in Asia and most of the ships, the pressure on the entire Huaguang Group will be greatly reduced.
In this way, even if the company is saddled with billions of debts and is supported by other industries of the Zhao family, it can still slightly restore the confidence of investors and banks in the Zhao family.
‘Billion’ Ship King Zhao secretly felt bitter. A few years ago, one billion Hong Kong dollars could only buy ten medium-sized ships.
Now, with the Japanese shipyards launching at full capacity and the shipping crisis, the old ships launched, even those just launched a few years ago, have shrunk quite seriously.
If they want to raise a billion dollars in funding, the entire Huaguang Group will probably have nothing left except some ocean freighters.
In addition, there are some old ships. He still has to see if Yang Chen is willing to take them. If the other party doesn't want them, he can only sell them as scrap metal.
Otherwise, it is useless to keep it, and you will have to pay high maintenance fees.
Fortunately, Ship King Zhao doesn't have many old ships. Even if they are dismantled, he will feel distressed at most. If Yang Chen is willing to take them, it will definitely be at a cabbage price.
In any case, although one billion is a lot, it can still be collected through the clearance sale.
One-third of the number of ocean-going freighters was left, and all other ships were sold, giving Huaguang a chance to breathe.
Thinking of this, Ship King Zhao no longer hesitated. He looked up at Chen Guocheng in front of him and ordered: "Manager Chen, be prepared when you go down. Wait for my news. As soon as there is news, you will start to attack Huaguang Group."
Split and reorganize.
In addition to the twenty ocean-going cargo ships, prepare a copy of the information on other ships for me, as well as a price assessment. Don't falsify the actual price. I will use it in two days."
After Captain Zhao finished speaking, he couldn't help but warn: "Don't spread the news for the time being."
"Okay, Chairman."
Chapter completed!