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Chapter 940 Opportunity
Pacific Shipping is one of the world's top five shipping companies, with more than [-] giant cargo ships, and its business is all over the world.

Just received the impact of the financial crisis, the business volume dropped significantly.

In addition, PIL has continuously expanded its investment scale in the past two years, ordering five 40-ton freighters successively.

The superposition of these two factors caused Taiping Shipping Company to be overwhelmed with funds and could only choose to sell its core assets.

In contrast, New Hope Farm's fleet and business volume have not been affected.Not only that, because New Hope Farm's overseas investment has steadily increased, so the fleet's transportation volume has even increased.

If in normal times, New Hope Farm has no chance at all, buy PIL.

However, under the background of the financial crisis, it provided Liu Xiaoguang with the best opportunity.

Naturally, Liu Xiaoguang would not miss such an opportunity.

An investment guru once said, be greedy when others are fearful.

Although the global economic situation is not good, Liu Xiaoguang believes that the economy will always recover, and he must take advantage of this opportunity to accumulate his own bargaining chips.

Liu Xiaoguang immediately arranged manpower and got in touch with PIL.

Negotiations between the two parties went smoothly.

The economic situation in overseas countries is not good, and major companies are shrinking investment. No one is willing to accept the fleet of PIL. The old Longfor Group has become the only buyer of PIL.

Taking advantage of this opportunity, New Hope Farm acquired PIL at a very cost-effective price.

After signing the contract, the Laolonghu Group and Taiping Shipping jointly announced that the Laolongfor Group invested 35 billion Chinese yuan to acquire Taiping Shipping.

You know, just three months ago, the market value of Pacific Shipping was as high as 50 billion yuan.

In just three months, the market value of PIL fell by 30.00%.

Although the purchase price is very affordable, the industry is not optimistic about the choice of the old Longfor Group.

The world's economic environment continues to deteriorate, and the volume of shipping business has fallen off a cliff.Almost all companies are shrinking their investments and planning to live a hard life. The old Longhu Group acquired PIL at this time. In the eyes of many people, such an approach is simply asking for a dead end.

That is to say, Liu Xiaoguang's acquisition plan can be implemented smoothly only if the old Longhu Group is not listed. Otherwise, the acquisition will definitely be blocked.

The deterioration of the economic environment has had a considerable impact on Huaxia's enterprises.

To Liu Xiaoguang's surprise, He's Organic Agriculture Company became the first batch of companies to declare bankruptcy.

Although He's Organic Agriculture Company claims to export its products overseas, in fact, all of He's Organic Agriculture Company's business is concentrated in China.

The reason why He's Organic Agriculture Company went bankrupt was mainly because of the serious financial crisis of the He's Group.The main business of the Ho Group is international trade.This financial crisis has dealt a devastating blow to the He Group.

The direct impact of this is that the capital chain of He's Organic Agriculture Company was broken.

There is no way, He Qishan's management is really not good, He's Organic Agriculture Company has no way to be responsible for its own profits and losses, and can only rely on the He's Group for blood transfusions.

Now that the He Group is too busy to take care of itself, there is no extra funds to support He's Organic Agriculture Company.

As a result, He's Organic Agriculture Company, which had no business ties with overseas, was the first to go bankrupt.

Ho's Organic Agriculture Company went bankrupt, which hurt those suppliers who provided products to Ho's Organic Agriculture.A large number of rights defense posts appeared again on the Internet.

Some even went to the headquarters of the He Group to defend their rights, holding banners.

"The son's debt is paid by the father, it's only right and proper!"

“Farmers cannot be owed their hard-earned money!”

The He Group could only issue an emergency announcement, claiming that there was no financial connection between the He Organic Agriculture Company and the He Group, and that suppliers who needed to defend their rights could take legal measures to protect their own interests.

Although most companies have a very difficult life, the days of Hi's live broadcast are very nourishing.

It may be that the economic environment is bad, and everyone has no extra money for consumption, so they can only hold it at home, watching TV and live sports.

The business volume of Hi's live broadcast has not declined, but has increased to a certain extent.

This made Luo Qingquan very depressed.

"Brother Guang, I have worked so hard on R&D and market development, but the results are good. The company's performance is not as good as a video company!" Luo Qingquan complained to Liu Xiaoguang.

Relying on its advantages in the research and development of new energy vehicles, Beichen Automobile has achieved outstanding performance, and even achieved good results in overseas markets.Luo Qingquan was about to flex his muscles, but he ran into a financial crisis.

If it weren't for the Jiangbei Provincial Entrepreneurs Association's support for Beichen Automobile, I'm afraid Beichen Automobile would suffer a huge blow.

"That's how business is. Anything can happen. All we have to do is prepare response measures. Don't worry, the crisis will pass."

Luo Qingquan sighed, "Brother Guang, I'm just complaining, I have confidence in Beichen Automobile."

Liu Xiaoguang nodded. After several years of tempering, Luo Qingquan has transformed from a rich second generation into an entrepreneur.

"However, Brother Guang, you are really brave. You dare to buy PIL at this time!"

Liu Xiaoguang smiled, "This financial crisis is a very good opportunity for the old Longfor Group. We can take advantage of this opportunity to formally enter the shipping industry."

"But Brother Guang, your investment this time is quite bold. 35 billion is not a small amount of money." Luo Qingquan did not continue.

In fact, many entrepreneurs in Jiangbei Province are not optimistic about Liu Xiaoguang's investment.In their view, Liu Xiaoguang's investment is too risky.Some people even commented that Liu Xiaoguang was dazzled by his previous success and was blindly confident.

However, Luo Qingquan did not tell Liu Xiaoguang these words.

"The old Longfor Group wants to enter the shipping industry, this risk must be taken. If it is steady, it will take at least ten years for the old Longfor Group to gain a firm foothold in the shipping industry. If we can seize this opportunity, Then in the next three to five years, the Laolonghu Group will become a force that cannot be ignored in the shipping industry."

Luo Qingquan nodded, he knew that Liu Xiaoguang was right.The shipping industry has strict barriers and has been monopolized by several shipping companies for a long time.

The acquisition of Lifestyle Shipping Company by Laolonghu Group failed to enter the core market of the shipping industry.The acquisition of Pacific Shipping this time will allow the old Longfor Group to really have the strength to challenge big companies such as American Express.

(End of this chapter)