Chapter 124: Chapter 124: Kicking Someone When They’re Down_1
Huanmei Group.
Looking at the financial statement in her hand, Yu Keqing felt utterly hopeless.
The group’s cash flow had snapped. With more expenditures than revenue, if there wasn’t a cash injection soon, bankruptcy was the only option!
Just as Yu Keqing was frowning with worry, Qin Dongrui arrived.
Upon seeing Qin Dongrui, Yu Keqing’s expression immediately darkened, and she asked coldly, "What are you doing here?"
Qin Dongrui plonked himself down opposite Yu Keqing, lit a cigarette, and took a deep drag.
Then, he blew a cloud of smoke toward Yu Keqing.
Just as the smoke was about to hit her face, Yu Keqing hurriedly fanned it away with her hand.
However, she ended up with the smell of smoke all over her hand.
Now somewhat angry, Yu Keqing coldly reminded him, "Don’t smoke in here!"
"I’m your investor, your sugar daddy. Huanmei Group is all mine. It’s not just about smoking a cigarette – whatever I do here, you have to put up with it!"
Qin Dongrui blew another cloud of smoke toward her, and this time Yu Keqing didn’t manage to fan it away in time and choked on it.
"Cough! Cough!"
Seeing Yu Keqing cough a few times, her cheeks flushed from the choking.
Qin Dongrui was quite pleased with himself.
He enjoyed the feeling of bullying Yu Keqing and her helplessness in response.
Yu Keqing, with anger she couldn’t contain, clenched her fist, and through gritted teeth, she shouted, "Qin Dongrui, don’t you go too far, will you?"
"Too far? Am I more excessive than you? The latest dividend payment was due a week ago. Did you make the payment? I came here today to get my money from you, Yu Keqing."
"There are no dividends!"
Yu Keqing’s reply elicited a cold laugh from Qin Dongrui.
"Heh!"
Then, he looked at Yu Keqing with a playful expression and asked sternly, "What did you say? No dividends? Yu Keqing, are you trying to rebel? It’s clearly written in the investment agreement with Sanrenhe that every payment of dividends cannot be missed. And now you’re telling me there are no dividends? Are you planning to breach the agreement?"
"Recently, Tianlong Group’s Youth-Keeping Cream and Shencao Ji’s Imperial Concubine’s Beauty Cream have completely seized Huanmei Group’s market share. With products not selling, naturally, the distributors cannot return the payments. Now, Huanmei Group’s cash flow has been cut off. If Sanrenhe doesn’t inject capital in time to save it, the group is going to go bankrupt."
Of course, Qin Dongrui knew about Huanmei Group’s current predicament.
However, he pretended to be shocked as if he’d eaten something foul and asked loudly, "What did you say? Huanmei Group is Dragon Country’s top beauty brand, and under your leadership, it’s actually been defeated by Tianlong Group, that new company to the beauty industry? And as for Shencao Ji, they’re not even on par with Tianlong Group. Yu Keqing, you’ve really disappointed me."
Qin Dongrui shook his head while sighing.
"How do you expect me to explain this mess of Huanmei Group to Sanrenhe Group’s shareholders?"
"To be sure, a part of Huanmei Group’s current state is on me. But a larger part of the reason lies with you, President Qin."
"Me? Heh!"
Qin Dongrui scoffed, "I’ve never interfered in any affairs of Huanmei Group. Since the company’s establishment till now, as it’s on the brink of bankruptcy, I’ve not been involved in any management aspect. All the power has been delegated to you, Yu Keqing. Now you’ve run Huanmei Group into the ground, and you’re trying to blame it on me? Yu Keqing, do you think I’m a pushover, easy to talk to, so you decide to throw me under the bus?"
"You indeed haven’t meddled in the management of Huanmei Group, but ever since the establishment of the group, any slight surplus in funds would be siphoned off by Sanrenhe Group in the name of dividends. I’ve gone over all of Huanmei Group’s accounts these last few days. Since its inception, Sanrenhe Group has only invested ten billion, but the dividends taken back total a full hundred and eighty billion.
If Sanrenhe hadn’t been bleeding us dry, Huanmei Group’s cash flow would never have dried up. Out of that hundred and eighty billion, if only a third had been invested in R&D to constantly refresh Huanmei Group’s product matrix, not even ten Tianlong Groups and ten Shencao Ji’s combined would have defeated us!"
The Huanmei Group, which she had managed with painstaking effort, was being thrashed by two new companies that had just entered the industry.
In Yu Keqing’s heart, there was an immense feeling of grievance.
She refused to accept it!
A hundred thousand times over, she refused to accept it!
The Huanmei Group’s defeat this time wasn’t her fault.
As early as a year ago, she had wanted to develop a new product, to launch a new product.
Because she deeply understood
that if the Huanmei Group wanted to remain powerful, it had to keep introducing new things.
But whether it was developing new products or promoting them, both required money to be poured into the efforts.
Over the years, whenever Huanmei Group had any money in their accounts, it was taken away, taken away every time.
Every day, she was robbing Peter to pay Paul, constantly plugging leaks everywhere.
Every day she wondered how to cut costs, how to increase profits?
In the end, she was able to cut costs and increase profits.
But the money she scraped together couldn’t be used for developing new products.
As soon as there was any money in the accounts, Sanrenhe Group would just siphon it off.
"Yu Keqing, what you say is not right. Without the investment from Sanrenhe Group, there would be no Huanmei Group. Huanmei Group is like a chicken raised by Sanrenhe Group. It’s natural for Sanrenhe Group to take the eggs produced by the chicken. Now, you’ve run Huanmei Group into the ground. As the president, you need to take responsibility for this!"
"Huanmei Group hasn’t died, as long as Sanrenhe Group injects another ten billion in funds. Give it at most half a year, and once Huanmei Group’s new product is launched, we’ll definitely be able to fight a spectacular comeback!"
"Ten billion? Half a year?"
Qin Dongrui looked at Yu Keqing with a suggestive gaze, asking, "How do you expect me to believe you?"
"I founded Huanmei Group myself, and President Qin, you should be very clear about my abilities. This time Huanmei Group’s failure is due to a lack of funds. You just need to give me ten billion, and I can definitely revive Huanmei Group and return it to its former glory."
Considering Huanmei Group’s current situation, ten billion yuan of capital was clearly not enough.
But Yu Keqing didn’t dare ask for more, afraid that Qin Dongrui wouldn’t give it.
"For Sanrenhe Group, ten billion in funds is not a lot. To invest another ten billion in Huanmei Group and give Yu Keqing another half a year’s time is not entirely impossible. But I’ll say it again. You need to show me your sincerity."
"What kind of sincerity do you want?"
Qin Dongrui pulled out a purple box and handed it to Yu Keqing.
"Wear this and come find me at the Qinhuang Grand Hotel at eight o’clock tonight."
Yu Keqing glanced at the box and understood immediately.
She knew what was in the box.
She had bought this brand before; the styles were all very sexy and provocative.
Qin Dongrui asking her to wear this and come find him at the hotel, what did that imply?
Of course, she knew.
