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Chapter 1387 Annual Meeting

"Finally, this year the company took out 100 million to pay dividends, and gave bonuses to all the leaders of our company who have achieved results. I have listed the bonus list. Okay, our meeting is over today. In addition, according to our practice, we will hold a dinner after the annual meeting, but this year it is too late, so we will not organize it. Next year, next year, next year, next year, next day the fifth day of the first lunar month, the fifth day of the first lunar month, and all of us here bring your family with us. We rented a chartered flight, let's go to Sanhuang Island, and to Sanhuang Island.

Travel. Sanhuangdao is a very important project of our company. It is almost accompanied by the development of our company. However, many people present may not have been to Sanhuangdao yet, and they don’t know what our Sanhuangdao is like now. So this time we went to Sanhuangdao, and we went to Sanhuangdao on the morning of the fifth day, returned on the evening of the seventh day, and officially started working on the eighth day. All consumption belongs to the company, and this matter is arranged by Xiaolin. Xiaolin. During the Chinese New Year, you may have a little harder time and have to arrange this matter." Ye Lingtian finally said.

"Okay, Mr. Ye." Kobayashi, who had always been in charge of recording such important meetings, stood up and said.

"Okay, it's only a few days before the New Year. In two days, the company will have a complete holiday. I wish you a happy Spring Festival in advance. I hope that we and the company will be able to go to the next level in the new year next year. Finally, let's explain something here again. We will meet again on the fifth day of the lunar month, so don't go to greet me next year. Let's meet together on the fifth day of the lunar month. The meeting, Wang Li, Lao Liu, you two go to my office." Ye Lingtian said lightly, then stood up and walked out.

After arriving at the office, Ye Lingtian asked his secretary Xiaolin to go out first. After Liu Shangrong and Wang Li came in, Ye Lingtian asked Liu Shangrong to close the door.

"Wang Li, wait and give me the company's annual statement and financial statements this year. I'll review it. After the review, I'll have to go on holiday in advance for the New Year." Ye Lingtian said to Wang Li with a smile.

"Okay, I'm ready, I'll send it to you later." Wang Li nodded and said.

Ye Lingtian nodded, and then asked, "You two should know what I called you two for. Lao Liu, tell me, I have been away for another three months this time. Let's talk about it, what's going on with Chengying Group now?"

"Chengying Group's life can barely be maintained, but it is in dire straits. It's like a cancer patient. When it's late in the cancer stage, there is basically no hope of life, but he is reluctant to give up treatment and dies like this." Liu Shangrong smiled and said, "Three months ago, when you came back last time, a Chengying Hotel under Chengying Group suffered from food poisoning. This incident once again attracted the attention of many people on the Internet, pushing Chengying Group to the forefront again. Although it was confirmed by the government departments that the poisoning incident was actually just because the customers used the diarrhea caused by the state-owned enterprise food used by the hotel, the impact of this incident on Chengying Hotel was huge. In addition, the government departments thoroughly investigated all Chengying Hotel overnight and found that Chengying Hotel had various illegal and irregular behaviors. The most serious thing was that it existed on food and hotel bedding and other items.

For serious problems in hygiene, procurement, safety, etc., the government department issued an administrative penalty letter to Chengying Hotel, fined it, and closed the business within a specified period. This matter was also reported by major online media. For a while, Chengying Hotel's reputation was reduced to the lowest point, almost everyone shouted to beat him. On the other hand, the employees who arrears took to the streets and blocked the door of Chengying Group. In addition, some employees directly chose to sit in front of the municipal government. Finally, the relevant departments of the municipal government intervened in this matter and stipulated that Chengying Group pay all the employees' salaries within a specified period, otherwise compulsory measures would be taken against Chengying Group. During this process, Wang Gaoyuan was called by the government departments and called tea three times. On the last, the bank's loan to Chengying Group expired, and the bank directly issued an ultimatum to Chengying Group after the buffer period, and after the buffer period, it would be implemented for compulsory measures." Liu Shangrong coughed at this point.

Then continued: "For Chengying Group at that time, it was almost in a dilemma of bankruptcy. The entire Chengying Group's operations were in a state of suspension. Chengying Group tried too many methods to raise funds, including selling assets, seeking financing, and seeking loans, but they were not successful. Finally, in desperation, Chengying Group held a meeting of all shareholders, and finally passed the three companies of Wang Gaoyuan, Wang Yi Industry and Xuri Real Estate to invest in Chengying Group, with an investment scale of one billion yuan, of which Wang Gaoyuan personally invested 400 million yuan, Wang Yi Industry and Xuri Real Estate each invested 300 million yuan, a total of 100 million yuan. After the investment, the equity distribution of Chengying Group became clearer and clearer, and the shareholding ratio of the three major shareholders further increased."

"Have the one billion solved all their problems?" Ye Lingtian asked.

"It's barely enough to deal with it. One billion yuan of funds paid the bank's due loans, repaying employees' salaries and some suppliers' payments. It's barely enough. Even if there is a surplus, there is not much left." Liu Shangrong replied.

"Well, what happened after that? What happened afterwards?" Ye Lingtian continued to ask.

"After that, Wang Gaoyuan began to carry out large-scale reforms to the entire Chengying Group. There are several main aspects. The first aspect is to lay off employees and lay off employees from top to bottom. The scale of layoffs reached about 35%, which is very large. However, considering the poor sales performance of Chengying Group, I estimate that even if the layoffs are laid off 50%, he is doing this to save expenses. On the second aspect, a total of 25 hotels were closed directly, leaving only seventeen of them to continue operating.
Chapter completed!
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