back home as anchor

Chapter 1086
"The detour of the old Longfor Shipping Company to the Sulais Canal will inevitably increase the operating costs of the Old Longfor Shipping Company. For them, this is not a long-term solution. In my opinion, the old Longfor Shipping Company cannot last long."

"The solar-powered freighter developed by the Laolongfor Shipping Company has already started to be applied. The solar-powered freighter can save operating costs. In addition, the volume of the Laolongfor Group is [-] times that of the Gasby Management Company. We have no way to consume the Laolongfor Group. .”

"Can we seek help from other shipping companies? As far as I know, the old Longfor Shipping Company is the public enemy of the shipping industry, and has not even been able to join the World Shipping Association."

"Even if these companies want to help, they don't have the right supply, and they won't detour through the Dosan Canal."

……

In the conference room, everyone put forward several ideas one after another, but they were of little help to the matter.

Finally, everyone's eyes fell on Steve.

It is under Steve's operation that the Dosan Canal has developed from a small river with only a few hundred boats passing by every year to one of the three major canals in the world.How to deal with this crisis still depends on Steve's decision.

After a while, Steve finally said, "Wallace, go talk to Meng Xiaojun, Gasby Management is willing to transfer [-]% of the shares."

In the meeting room, there was a sigh.

It seems that Steve chose to compromise.

"Johnson, please communicate with the bank to see if you can get some loans. The longer we persist, the stronger it will be for us."

Wallace immediately set off and went to Liancheng again to communicate with Meng Xiaojun.

Meng Xiaojun's attitude is very firm, "at least 30.00%, otherwise there is no need to continue the discussion."

The results of Johnson's communication with the bank were not satisfactory.

The banks are not optimistic about the assets of the Dosan Canal.Coupled with the sharp decline in the business volume of the Dothan Canal, no bank is willing to provide loans to Gasby Management Company.

The news that the old Longhu Shipping Company was going to forcibly acquire the shares of Mosby Management Company spread like wildfire.

Regarding the actions of the Laolongfor Group, the general view in the capital market is that the Laolongfor Shipping Company is preparing to control the shipping industry.

At present, the three major canals in the world link the world's major economies and are the link of the world economy.

The old Longfor Group owns the management right of the Mozambique Canal.Now they are starting to think about the Dosang Canal again, and they have a lot of plans.

The World Shipping Association immediately issued a statement condemning the monopolistic behavior of Laolonghu Shipping Company.

Laolonghu Shipping Company responded immediately.It is declared that all business activities of Laolonghu Shipping Company are fully compliant and legal, and do not have a monopolistic nature.

In half a year, the number of solar-powered cargo ships of Laolonghu Shipping Company has increased to fifteen.

The fifteen solar-powered freighters are dedicated to transporting commodities and raw materials between Asia and South America.

In the past six months, the economic situation of Gasby Management Company has deteriorated day by day, and even announced layoffs of 15.00%.But it is still unable to save the decline.

Wallace came to Liancheng again to visit Meng Xiaojun.

"Mr. Meng, we are willing to sell 30.00% of the shares."

Meng Xiaojun shook his head and said, "30.00% was the condition half a year ago, and now we want to acquire 50.00% of the shares, and there is no premium."

Wallace was dumbfounded. "This is a bit too much!"

"Mr. Wallace, we are doing business, not making friends. Gasby Management Company can refuse our offer, but next time you come, we may offer a lower price."

Wallace did not leave Liancheng, but made a two-hour phone call.

In the end, Laolonghu Shipping Company acquired 50.00% of the shares of Gasby Management Company at the current market price.

As soon as the news came out, the capital market was in an uproar.

Due to the continuous decline in revenue, the valuation of Gasby Management has dropped by half compared to half a year ago.

The money paid by Laolonghu Shipping Company to acquire 50.00% of the shares of Gasby Management Company is even lower than the price paid for the acquisition of 30.00% of the shares half a year ago.

In other words, compared with half a year ago, Laolonghu Shipping Company acquired more equity with less money.

Although the old Longhu Shipping Company promised that it would not dare to take action on the operation of Gasby Management Company, the chairman Steve still chose to resign.Wallace succeeds Steve as Chairman of Gasby Management, responsible for the operations of Gasby Marine.

The process of Laolonghu Shipping Company’s acquisition of shares in Gasby Management Company was later regarded as a classic case and included in management textbooks.

At this time, the ambition of the old Longhu Shipping Company is already clearly revealed.

Everyone knows that the next target of the old Longfor Shipping Company is definitely the Sulais Canal.

Sure enough, two months later, the Laolonghu Shipping Company announced that it had won the operation right of the Sulais Canal.

In just one year, the world shipping industry has changed dramatically.Laolonghu Shipping Company reduced operating costs by adjusting the tolls on the canal.Under the leadership of the old Longhu Shipping Company, the price of shipping has dropped by 20.00% compared to before.

What other shipping companies feel is that their costs have not been reduced. In fact, due to the rise in oil prices, the operating costs of these shipping companies have actually increased.

As a result, the market share of Laolonghu Shipping Company has continued to increase.

Laolonghu Shipping Company's share in the world's shipping industry has increased from 50.00% to 70.00%.This is an achievement that no shipping company has ever achieved before.

The major media directly called Meng Xiaojun the ship king.

The World Shipping Association also wants to fight against the old Longhu Shipping Company, but the old Longfor Shipping Company's solar-powered freighters and control of the canal make it impossible for other shipping companies to fight against it.Although Laolonghu Shipping Company is not a member of the World Shipping Association, the business volume of Laolonghu Shipping Company is more than all the members of the World Shipping Association combined.

The so-called World Shipping Association has ceased to exist in name only.

Yang Leping was indignant when the media called Meng Xiaojun a ship king.

"Brother Guang, the title of the ship king should be yours. What qualifications does Meng Xiaojun have to be called the ship king!"

Liu Xiaoguang waved his hand indifferently, "Leping, Meng Xiaojun is the general manager of Laolonghu Shipping Company. The entire merger and acquisition process was handled by Meng Xiaojun. The media has no problem with calling him."

"Brother Guang, you can take it easy." Yang Leping happily sat down next to Liu Xiaoguang, "Brother Guang, how did the old Longhu Shipping Company develop so fast? It only took a few years to become the overlord of the shipping industry. Those foreigners are too careless."

(End of this chapter)