Chapter 18: with translation of chapter title

Besides Xiao Hua, there also came the Finance Department Head Xiao Feng, Director Xiao.

Shi Yong and Shi Jinhe were also following behind.

Today, I want to hold a meeting in the ward with the main person in charge of Da Heng Group.

That is the matter of the management rights of Da Heng Group,

I can no longer let this Xiao Hua mess around like this.

We must take back the power.

Otherwise, I, as chairman, am utterly useless.

I gestured for them to sit down in the ward,

I glanced at Xiao Feng; Xiao Feng is thin and relatively tall, wearing glasses,

I said, "Director Xiao, tell me about the company's recent financial situation."

Over these years, I have never asked about financial matters; Zhou Wei has been handling them.

Xiao Feng then took out a stack of materials and reports from his bag, and slowly said, "Chairman, the company's finances are really difficult now. Look at these reports; all the subsidiary companies of the group are running at a loss."

Especially, the Xin Cheng real estate project, which has now halted construction, is suffering even greater losses."

I took Xiao Feng's report in my hand, glanced at it, then tossed it aside.

These materials are the same as what Xiao Hua brought.

Looking at them was useless.

I then said, "Director Xiao, I understand all this; does our group company really have no potential left to tap?"

Xiao Feng glanced at Xiao Hua,

he did not dare to speak.

Xiao Hua then said, "Brother, the company has reached a desperate situation. If we do not bring in foreign investment, we will truly go bankrupt."

I coldly said to Xiao Hua, "I didn't ask you; Xiao Feng, you are the finance director and should be very familiar with the group company's situation. How did the profits the company made over these years suddenly disappear? The huge losses have shocked me."

Xiao Feng then said, "Chairman, the profits over these years have all been invested into the Xin Cheng real estate development project. Manager Zhou is aware of this."

Now the land prices in Xin Cheng have risen extremely high; the land investment alone for each project is over a hundred million yuan.

This does not include the later construction expenses. Chairman, please believe me; we have not wasted these profit funds. If you don't believe me, you can ask Manager Zhou.

I said, "Ask Manager Zhou; she has collapsed unconscious at the scene, so I can't ask her. Fine, I won't ask about this either, as long as you know the situation."

Tomorrow, the Southern Group will come to our company to discuss investment matters,

how are the reception arrangements?"

Xiao Hua said, "All arrangements have been made. The talks will be held in the group company's meeting room, then we will dine at the Zaocheng Grand Hotel, and the guests will also stay at the Zaocheng Grand Hotel in Xin Cheng."

I said, "I don't concern myself with the guests' food and lodging; I only ask whether I will still participate."

Xiao Hua's face showed difficulty,

"Brother, your leg injury hasn't healed; how can you participate? If it's really impossible, let Dean Yang know and have him send a doctor to escort you to the group company to attend the talks."

After listening to Xiao Hua finish speaking,

I thought to myself, this Xiao Hua definitely does not want me to participate.

I then said, "This negotiation, I must participate. If I do not participate, any item discussed will be invalid."

"Brother, at this point, if the company gets more money and pays wages to the workers, it will go bankrupt. You're still being willful." Xiao Hua said angrily.

I suddenly raised my voice,

"Xiao Hua, I am not being willful. I am the company's chairman, the directly responsible person."

It is the Southern Group that came to invest on their own initiative. Since they came voluntarily, they should come to my ward to talk.

You will meet the Southern Group's person in charge tomorrow, explain my situation to them, and hope they can come to my ward.

I will meet with them and sign a loan contract."

"Brother, they are helping us, yet we are imposing conditions on them. If we talk cooperation in this ward and they disagree, what then?" Xiao Hua said.

This Xiao Hua, even before anyone says anything, already knows they will disagree.

I said, "If they disagree, forget it. They are helping us, so we must also have integrity and not be without principles. Xiao Hua, this cooperation negotiation must take place in this ward; I am the group chairman, and I must personally handle this."

After hearing my tone become more serious,

Xiao Hua stopped speaking,

he merely took out a cigarette, lit it, and took a hard drag.

Shi Yong said from the side, "Xiao Hua, don't make things difficult; I feel the chairman is right. For such a major matter, it's fine if the chairman doesn't participate. Tomorrow, if you're embarrassed to bring it up, I'll bring it up."

Xiao Hua gave Shi Yong a glance,

Xiao Hua said, "Brother Yong, the negotiations with the Southern Group are between people of equal rank. I'm afraid your rank isn't sufficient."

"What do you mean my rank isn't enough? I am a veteran of the group company; I am in charge of the fleet and security. How is my rank insufficient?" Shi Yong grew angry.

In fact, Shi Yong does not hold much rank within the group company; he mainly handles miscellaneous work.

I then said, "Starting tomorrow, Shi Yong will be promoted to vice president of the group, and Shi Jinhe will also be promoted. Xiao Hua, those nominal vice presidents you hired will temporarily go home to rest."

Upon hearing my words, Xiao Hua's face showed a very angry expression.

Then Xiao Hua loudly questioned, "Why, brother, is this your arbitrary management? Now that the enterprise has developed into a large corporate group, appointments and adjustments of company leadership must be decided by the board of directors. Your sudden meddling here will throw company management into chaos."

I said to Xiao Hua, "Xiao Hua, this group company was founded by me alone; I have the power to let anyone be promoted and also the right to let anyone be demoted."

Now the group company's losses are so severe it's on the verge of bankruptcy; those vice presidents you hired are good for nothing.

You told me modern enterprises must employ highly educated, cultured people; I believed you, and you had Shi Jinhe, Shi Yong, and Qian Director withdraw from management, but these guys have managed to become this * way—am I not angry?

All right, those people will first suspend work; Shi Yong and Shi Jinhe will go to the group company to work tomorrow.

Xiao Hua also said angrily, "Brother, this management style is that of a family-run enterprise; you'll never get out of it. You are a patriarch, too autocratic."

"Brother, do you know who the people I hired are? One is the nephew of Tang Ju, Director of the Land Management Bureau, and the other is the brother-in-law of Yang Ju, Director of the Tax Bureau; they are important people in the company, and you're being too rash."

I also said angrily: "No matter who it is, for the future development of the Group Company, I must be ruthless. Those two people, I will explain to Tang Ju and Director Yang later. I must become authoritarian,"

If I don't become authoritarian, it'll be fine; if I don't become authoritarian again, our Da Heng Company will be finished.

Director Xiao, let me tell you, from now on, any expenditure over 100,000 yuan in the Group Company must have my signature; otherwise, you will bear legal responsibility."

After hearing my words, Xiao Feng did not dare to speak, merely nodding.

I want to get hold of the financial authority first.

I won't let Xiao Hua mess around anymore.

"Shi Yong, go inform Director Feng of the Publicity Department, print and distribute notice of what I just said, so that all units know."

Shi Jinhe will gather all the managers of the company's project departments; you will hold a meeting to convey my meaning.

From now on, the company's project departments will all be under your responsibility."

Xiao Hua stood up at this moment,

"Brother, since you don't believe me, brother, I'm leaving."

I shouted: "Xiao Hua, the company has been entrusted to you for over ten years; I have never interfered in the company's specific affairs,"

Today, the company has fallen into difficulty. I must bear the responsibility; you are refusing to work at this moment.

How can you face me? If you leave, from now on, Da Heng will have nothing to do with you.

I, Zhaoerhai, keep my word."

As soon as I finished speaking, Xiao Feng quickly grabbed Xiao Hua's clothes, gesturing for him to sit down.