In Hong Kong, we build a global business empire

Chapter 129: HK$7.42 billion

The three Japanese people had obviously made some preparations before arriving.

Then, just as Lin Haoran finished speaking, one of the oldest Japanese people slowly said in a slightly awkward Hong Kong dialect: "Mr. Lin, we are sincere and willing to take over all your oil stocks at a price of US$28 per barrel.

At present, the benchmark price of the international oil market is US$27.86 per barrel, but our bid is higher than the international benchmark price, which shows our sincerity. "

"28 dollars a barrel?" Lin Haoran shook his head slightly, a look of disapproval on his face. "This price is obviously not attractive enough to me. The premium of only 0.14 dollars is almost negligible. Compared with the current fluctuations in the international market, there is no substantial difference."

He continued, "Gentlemen, please allow me to be frank. I do not feel your sincerity. If we only negotiate at this price, I am afraid that the road to our cooperation will be difficult to pave.

As you all know, the oil market is changing rapidly, and prices are fluctuating with each passing day. Increases this month are common, and may even approach the $30 mark. If I wait a little longer, my oil may bring me more substantial returns at the end of the month.

In fact, several petrochemical giants have recently offered me olive branches, but I have been reserved, looking for a better opportunity. However, since you are Mr. Bao Yugang's friends, I have made time to give you a chance to discuss the matter in detail, but the current offer obviously does not meet my expectations. "

After these words were spoken, the three Japanese people looked at each other in surprise.

The oldest Japanese man was obviously quite fluent in Hong Kong dialect. He carefully relayed Lin Haoran's words to the two Japanese who were traveling with him, and the three of them then whispered a few words to each other in Japanese.

Then, the older Japanese man turned to Lin Haoran again and asked politely, "Mr. Lin, can you tell us what your ideal price is?"

"30 dollars per barrel." Lin Haoran made a huge request.

He knew that the deal would not be concluded at this price, but it would also allow him to be more proactive in subsequent negotiations.

If it were a petrochemical company from other countries, they would have left angrily without further negotiation after hearing the price, but it is different in Japan. Their domestic situation forces them to seek more oil.

As expected, this price was immediately met with direct opposition from the older Japanese people.

The Japanese responded sincerely: "Mr. Lin, the oil market does fluctuate frequently, but as you said, its rise and fall are also difficult to predict. It may take a long time to reach the price of $30 per barrel, or it may never be achieved.

We are willing to show our sincerity and propose a more realistic plan, which is to add an additional $1 per barrel to the international oil price, that is, $28.86 per barrel. This is the biggest concession we can make, and we hope to gain your understanding and support. "

Add $1 to the international oil price and it will be $28.86 per barrel.

Is this so easy to negotiate?

Lin Haoran couldn't help but be slightly stunned. He had originally expected the negotiation to be a tug-of-war that would take at least one or two hours or even longer to be settled.

However, the other party so quickly expressed its willingness to increase the price by $1 per barrel based on the international oil price, which made him realize that this batch of oil was indeed urgently needed by them.

And his ideal price is actually about this.

Lin Haoran knew very well that even if the other party’s demand was urgent, he would not allow the price to soar to an unreasonable level.

Japan is actively building up strategic oil reserves. As its oil resources are too dependent on imports, domestic oil supply is tight and gas stations frequently cut off supply, which has posed a serious constraint on Japan's economic development.

Therefore, they naturally believe that the more the better, but this does not mean that they will blindly purchase at high prices.

Lin Haoran didn't have the ability to take advantage of them.

So, after weighing the pros and cons, Lin Haoran readily proposed his own plan: "Well, since everyone is speaking directly, I won't beat around the bush.

I have 480 million barrels of crude oil in my hands, and I am willing to sell them for a total price of $1.4 million. Compared with $28.86 per barrel, this total price is not much more. If you can accept it, then we can make a deal immediately! "

Calculated at $28.86 per barrel, the total value of this batch of crude oil is actually about $1.385 million. The $1.4 million offered by Lin Haoran is only $ million higher, which is undoubtedly an offer that reflects his negotiation strategy and leaves room for maneuver.

The older Japanese man thought for a moment and politely asked, "Mr. Lin, can I borrow your phone? We need to report this important matter to the company headquarters immediately."

"Of course, please feel free to use it." Lin Haoran responded with a smile.

Judging from the other party's reaction, the deal seems to have been settled, and only awaits final confirmation and signature.

Obviously, the authorization given to them by the Japanese company is to purchase at a price no more than one dollar per barrel higher than the international oil price.

Lin Haoran's initial high price proposal forced the other party to reveal their trump card in advance, which was the maximum bid limit agreed upon internally.

For higher bids, they obviously need further instructions and approval from the company's head office.

1.4 million US dollars, converted into Hong Kong dollars at the current exchange rate, is 7.42 million Hong Kong dollars.

The original capital he invested was only 3 million Hong Kong dollars, but he made more than double the profit!
From November last year to June this year, in just over half a year, Lin Haoran was very satisfied with the return on investment.

Lin Haoran sat quietly on the sofa, waiting for them to call and report to their superiors.

After about twenty minutes, they seemed to have made a decision and finally hung up the phone.

"Mr. Lin, we have already reported to our superiors. After discussion, they have decided to agree to your request. However, we need the goods as soon as possible. Why don't we sign the contract now?" said the oldest Japanese.

This time the discussion went so smoothly that Lin Haoran was a little surprised.

In less than an hour, they had already agreed on the price.

"Of course, I would love to complete the transaction as soon as possible, but I have a few necessary conditions that need to be clarified.

First, the principle of payment before delivery must be followed to ensure the rights and interests of both parties; second, the transaction amount must be settled in US dollars and directly remitted to the Citibank account I designated;
Finally, since this is our first cooperation, I need you to hire a middleman that both parties trust as a guarantor. I suggest that Mr. Bao Yugang take on this role to ensure the transparency and security of the transaction." Lin Haoran continued to answer.

Lin Haoran had no intention of giving them the goods until he received the money.

Since these people were introduced by Bao Yugang, it was obvious that the task of transporting oil would be given to Bao Yugang. They were all large enterprises and the transaction contracts were signed normally, so there was nothing wrong with their trust.

However, Lin Haoran wanted to get the money as soon as possible, so he needed to plan his next money-making plan. The longer the funds were delayed, the less he would earn in the next plan.

As for why he transferred the money to Citibank account instead of Huifeng Bank account, it was because he planned to go to the United States to trade gold futures next.

Obviously, the headquarters of Citibank in Hong Kong is in the United States, and Citibank is very strong in the entire United States. Although Huifeng Bank is so powerful in Hong Kong, in fact, in the world at this time, Huifeng Bank is at best a medium-sized bank.

Citibank is different. It has long been one of the top banks in the world and has embarked on the internationalization path many years ago.

For example, Citibank in Hong Kong was established in 1902. Therefore, it is obviously more convenient to transfer funds through Citibank than through the local bank, Bank of Hong Kong.

"Mr. Lin, the conditions you proposed are not a problem at all." The older Japanese man responded readily.

In his opinion, Lin Haoran's request was reasonable and it not only protected the rights and interests of both parties, but also did not add any additional burden to them.

Especially with Mr. Bao Yugang as the intermediary guarantor, they are more confident about this cooperation.

Over the years, they have maintained a close and pleasant cooperative relationship with Global Shipping Group and have a very high opinion of Mr. Bao Yugang's business reputation and personal charm.

Therefore, they originally had the same plan to have Mr. Bao Yugang come out to witness the transaction.

After the discussion, Lin Haoran had nothing to do next, and all other matters were handled by them.

At noon, these people came to the Wan'an Group Building again.

Also coming were the big boss Bao Yugang and some strangers.

It was introduced that these people were legal advisors invited by their company, responsible for the signing of this contract.

"Haoran, you made a lot of money this time!" Bao Yugang said with emotion when he saw Lin Haoran.

Invited by the Japanese to serve as a transaction guarantor, he already knew about the transaction between Lin Haoran and these Japanese.

They are all old customers of Global Shipping Group and also one of its major customers. It is difficult for Bao Yugang to refuse such a guarantee.

At the same time, he had a certain understanding of both parties in the transaction, which was why he agreed to act as an intermediary guarantor.

1.4 million US dollars, which is more than 7 million Hong Kong dollars. Even Bao Yugang was envious of such a huge amount of money.

This is cash, not some imaginary stock market value.

"Uncle Bao, I'm just luckier." Lin Haoran said modestly.

In fact, everyone knows that this is not as simple as just good luck.

Investing 60 million US dollars is a question of courage.

Last year, many people had actually speculated that there might be another global oil crisis, but did they dare to invest such a large amount of money in oil?

Bao Yugang was sure that there would be no one else, not even him, Bao Yugang.

But Lin Haoran dared to do so.

Therefore, the money earned was entirely due to Lin Haoran's personal ability.

Since everyone is here, we will naturally move directly into the contract signing process.

Lin Haoran directly called up the head of Wan'an Group's lawyers and asked him to draft a contract together with the Japanese legal team.

After drafting the contract, Lin Haoran, the person in charge from the Japanese side, and Bao Yugang all read the contract carefully. After they all had no questions, the two parties formally signed the contract.

"Mr. Lin, we can transfer the money to you today. After the money arrives, you can hand over the contract to purchase oil from Saudi Aramco to Mr. Bao Yugang and let them go to Saudi Arabia to pick up the oil. How about that?" The older Japanese man couldn't wait after signing the contract.

"Okay, if you guys are happy, then I will be happy too!" Lin Haoran agreed.

Anyway, he only has two things to do next, one is to get the money, and the other is to give the contract previously signed with Saudi Aramco to Bao Yugang.

Global Shipping Group will go to Saudi Arabia with the contract and will naturally be able to extract that batch of oil.

He no longer needs to worry about other things. Bao Yugang has been cooperating with Saudi Aramco for many years, so they naturally have their own delivery procedures.

These three petrochemical companies are all top energy companies in Japan. Citibank also has a branch in Japan, and its scale is much larger than that of the Citibank branch in Hong Kong.

So, after finishing these things, Lin Haoran and these Japanese people went to Citibank in Hong Kong.

After learning of their purpose, the matter alarmed the president of Citibank (Hong Kong) and he personally handled the matter for them.

Citibank (Hong Kong) connected with Citibank (Japan), and the huge sum of US$1.4 million arrived in less than half an hour.

Lin Haoran also received a top-level VIP Black Gold Card from Citibank (Hong Kong). With this VIP Black Gold Card, he can enjoy the best service at Citibank banks around the world.

After the money arrived, Lin Haoran directly handed the contract to Bao Yugang, and he had nothing to do after that.

With more money in his pocket, Lin Haoran was in a particularly good mood.

This was the largest sum of money he had earned since he traveled through time.

Through the stocks of Hutchison Whampoa, he only made tens of millions of Hong Kong dollars.

This time, apart from the principal of 300 million Hong Kong dollars and some interest from the loan, he made a total of more than 400 million Hong Kong dollars.

With this money, he can make plans in the upcoming gold futures market.

Next, it’s time to go to the United States.

(End of this chapter)