School Beauty's Invincible Martial Expert-Chapter 417 - : Trouble

Chapter 417: Chapter 417: Trouble

This time, the person in charge of AC stole all the future concept sketches and sold them to AC’s competitors. Not only that, the bastard also stole all of AC’s client resources and sold them to the competition as well.

As a result, AC suffered severe client loss, and competitors not only got their hands on Li Xiaoya’s future design plans but also offered lower prices to them. In turn, Li Xiaoya’s company became very passive; clients began to drain away severely, and Li Xiaoya was plunged into a very passive situation.

The factory stopped production, and the workers’ wages could not be paid.

The financial affairs of the branch companies were in disarray, and all of the funds from both companies were embezzled. In addition, Li Xiaoya’s group company was also affected by this event. The subsidiaries ran into trouble and the news went out, causing Huihong Group’s stock market to be severely shaken, hitting several limit-downs immediately.

The already financially troubled Huihong Group now found itself in a deadlock. In the past few months, Li Xiaoya had been almost driven insane trying to raise funds. Alas, the business world is like a battlefield; once your situation worsens, others can hardly wait to step on you a few times. However, once you’re on the rise, a crowd of people will hold you up and can’t wait to increase their investments in you.

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Li Xiaoya had been busy for months, but hadn’t managed to secure a single penny. Instead, Huihong Group’s situation worsened dramatically.

Although there were some profits from the Apple authorization, no amount of profit could make up for the bad debts of the two subsidiaries. The two persons in charge had run off with nearly a hundred million in cash, which had already been transferred overseas. A hundred million in funds was undoubtedly a life-saving amount for Huihong Group, but now, that life-saving fund had vanished.

And now, the most critical issue was that hundreds of factory workers hadn’t been paid, and they were unwilling to work, forcing the company to pay their wages first before rushing the orders. However, if the factory didn’t ship orders, not only would it fail to make money, but it would also have to pay penalties for breach of contract. This was the headache Li Xiaoya was dealing with. Her visit to the factory was to stand out and persuade the workers to stabilize their emotions and get back to production. After all, without production, there’s no money.

Li Xiaoya also knew that the outbreak of this event was definitely deliberately targeted at her by someone behind the scenes. Moreover, she had already found out that the opponent had people inside the factory. If she came forward, she might be called by the opponent to incite the workers to beat her up. However, if she didn’t step in, the factory would not resume production. With no other choice, Li Xiaoya had to seek help from Xiao Han, hoping he could step forward to protect her. Unexpectedly, Xiao Han agreed to help her without any hesitation.

The car slowly arrived at Zaozhuang. Zaozhuang is an industrial town with a large population, so various grocery stores and small supermarkets are gathered here on the roadside. Industry has driven the economic development of the town, and the original residents of the town have almost all become wealthy, building quite a few houses and living comfortably by renting out houses and storefronts.

The car passed through the messy streets and finally stopped at the entrance of AC’s factory.

The factory is large, covering several thousand square meters, with over a thousand square meters of factory buildings, three dormitory buildings, and an office building. There are several hundred front-line production workers in the factory, all of whom need accommodation.

Security guards kept watch at the entrance, and the electronic gate was tightly closed. More than ten factory workers gathered at the entrance, chatting together.

Upon seeing Li Xiaoya’s BMW Car arrive, the workers became visibly excited. They quickly ran into the factory. The security guard poked his head out of the guard room and hurried out, then opened the gate and saluted in one smooth motion.

The car drove in, the original person in charge had been arrested, and the company’s vice president had taken over the work of the former person in charge. However, the frustrating work was too much for him to handle. Without money, nothing could be done; after all, a clever wife cannot cook without rice.

Yang Daguo had been on edge lately. With no money on the company’s books, his repeated reports to the head office had gone unanswered. If the wages were not paid again this month, he feared the workers would rebel. Many had already quit. No one wanted to stay and starve. If this continued, the company would eventually go under.

Yang Daguo was a seasoned manager, holding an MBA degree in business management. The reason he had stayed with Huihong Group was due to Li Xiaoya’s grace and favor towards him. He didn’t want to leave just because the company was in trouble. He wanted to wait until the company had weathered the storm before leaving.

Yang Daguo tried many methods and approached several well-connected friends in the business world, hoping they could lend a hand. But as soon as they heard it was Huihong Group, they shook their heads. It seemed like they knew something but didn’t want to say.

“Director Yang, Chairman Li has arrived,” the secretary hurried in.

“What?” Yang Daguo exclaimed with joy, “That’s great, the company is saved.”

Yang Daguo, with a headful of worry-whitened hair, heard that Li Xiaoya had arrived and immediately ran outside, not minding his disheveled hair at all.

Li Xiaoya’s BMW Car stopped down below the office building.

“Chairman Li,” Yang Daguo was so agitated he could hardly contain himself, he excitedly said, “You’ve finally come. If you hadn’t, I… I fear I wouldn’t be able to hold on much longer.”

“You’ve had a hard time during this period,” Li Xiaoya smiled at him, then said, “I know you’ve had a difficult time.”

“Yes, yes!” Yang Daguo nodded repeatedly, then looked at Li Xiaoya expectantly.

“Don’t look at me like that!” Li Xiaoya laughed, and said, “The company is also in trouble, as you know Huihong Group is currently facing a lot of pessimism in the stock market. Moreover, the funds that were embezzled from the company have already left the country, and although the domestic police have been working hard to recover them, it will take time. If we can’t hold out until that day, Huihong Group will have to declare bankruptcy.”

Hisss…

Yang Daguo had originally thought it was good news, but it turned out to be yet another piece of bad news. He took a deep breath and said, “Chairman Li, things can’t be that bad, can they?”

“Last week, the company had a shareholder meeting,” Li Xiaoya said with a wry smile, “and the shareholders are already very dissatisfied with me. They want me to take responsibility for this incident. In other words, if things aren’t resolved within half a month, they might collectively withdraw their investment.”

Li Xiaoya held the largest share of Huihong Group’s stock, which meant they had no right to demand Li Xiaoya leave the company. However, if these shareholders were to withdraw their investment collectively, then Huihong Group would likely truly go bankrupt and close down. Li Xiaoya absolutely would not allow such a thing to happen.

“My God!” exclaimed Yang Daguo, “How could all these issues possibly be resolved in half a month’s time?”

“Actually, the root cause of the problem still lies with funding,” Li Xiaoya sighed and said, “I’ve already been in touch with some of the company’s old clients, and they are willing to stay on account of me. So, the sales channels are not the problem, the biggest issue now is keeping up with the production line. As long as we get through this winter, everything will be fine.”

“But…” Yang Daguo swallowed, and said, “We haven’t paid several hundred workers’ salaries for three months, creating a shortfall of over ten million. In addition, the money for the first batch of orders has been embezzled, meaning besides the wage gap for these three months, we also need at least three months’ worth of salaries. We need at least thirty million in funds reserved. And that’s just the shortfall for our AC company…”

Li Xiaoya took a deep breath and said, “I understand the seriousness of the situation and its difficulties. But we must get through this winter.”

“How can we get through it?” Yang Daguo asked.

“I’ve already sold my villa, and this car will soon have a buyer,” Li Xiaoya took a deep breath and said, “There should be about thirteen million in funds here. If that’s still not enough, I’m thinking of selling… Siya!”

“What?” Yang Daguo was shocked, he quickly said, “Chairman Li, you can’t sell Siya.”

Siya Company was a real estate brokerage firm under Huihong Group, well-known in the province. With the current high demand for properties, Siya’s profits were substantial. However, this time Siya’s manager embezzled a large sum of funds, including deposits paid by clients. Tens of millions were embezzled, and Siya suddenly fell into hardship. Numerous clients caused trouble, carrying away computers and stealing things. Overnight, Siya had become a pariah, everyone calling for its downfall.

Selling Siya now might mean letting it go at a throwaway price. If Siya could have been sold for a hundred million before, now it might fetch at most thirty million.

Selling Siya now would be like cutting out Li Xiaoya’s heart. Nobody wants to see their pride and joy being sold off. Remember, Siya had been of great help to Li Xiaoya at the start. Whether it’s AC or Siya, both were treasures during the early stages of Li Xiaoya’s entrepreneurship, and she couldn’t bear to part with either.

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“If there was any other way, I wouldn’t want to do this,” Li Xiaoya shook her head.

Just as Li Xiaoya and Yang Daguo were discussing, suddenly a wave of fierce shouting came through. Yang Daguo exclaimed, “Chairman Li, quick… Hurry upstairs!”

In the factory, hundreds of workers wielding various weapons charged out. Their faces were fierce, as if they had found the enemy who killed their fathers. The mob surrounded Li Xiaoya and several others in close formation. Yang Daguo glared at them, grinding his teeth, and said, “Damn it, what do you think you’re doing!”

“Director Yang, we know she is the Chairman of Huihong Group,” the workers urgently said, “Our demands are not high, we just need her to pay our wages. We haven’t been paid in three months, we need to live too, we have wives and children to feed at home, we can’t work for nothing.”