The Rich Man's Life Begins with a Comeback

Chapter 181 A strong man breaks his wrist
If Xingchuan International only wanted to transform and upgrade, it would not need financing at all. The funds it had on hand would be enough to achieve these two goals. Therefore, Xingchuan International's core need for financing was actually expansion.

Tianmu, Perkin, Xiyue, Shenglang, Chajue, and Houtang, six major brands under Xingchuan International, will embark on a full-scale expansion in the next two years.

Tianmu, Perkin, and Xiyue will officially expand beyond Jilin Province in the future, with their short-term goal being the provincial capitals of the four northeastern provinces.

Soundwave, Tea Sense, and Roar Hall will officially expand nationwide in the future.

In addition, Xingchuan International plans to build a top-tier large-scale nightclub in Beichun next year to make up for Xingchuan International's shortcomings.

To achieve the above goals, a massive amount of funds will be required.

Without external funding, Xingchuan International would have no chance of achieving this goal on its own.

"Chairman Chu, I have no objection to Xingchuan International's desire for full-scale expansion."

Gu Heng slowly placed the letter of intent for financing aside: "However, I think Xingchuan International needs to further strengthen its team management before it can fully expand."

"how do I say this?"

Chu Zhengxiong remained calm and tentatively asked Gu Heng.

Gu Heng gestured to Zhong Hua, who immediately understood and took out another document from his briefcase, then handed it to Gu Heng.

The material is roughly fifty pages thick.

"Hou Tang, Central Avenue Store in Harbin".

"The phenomenon of selling genuine and counterfeit alcoholic beverages has long existed."

Gu Heng took out three pages from the materials and gently placed them in front of Chu Zhengxiong and Zhou Gang, then lightly tapped the table with his index finger knuckle.

"Soundwave, Fengtian Taiyuan Business District Store".

"The actual customer flow data is seriously inconsistent with the customer flow data reported by the store manager."

Gu Heng took out three more pages from the materials and placed them in front of Chu Zhengxiong and the other man again, just as he had done before.

On each sheet of paper, all kinds of evidence are listed clearly.

Although Gu Heng only hinted at the matter, the evidence he presented left Chu Zhengxiong and his group with no room for leniency.

"Tea Jue, Qingcheng Museum Store".

"The store is nominally staffed with 13 employees, but in reality, there are only 8."

Gu Heng submitted these pieces of evidence to Chu Zhengxiong and Zhou Gang one after another. The first few pieces of evidence were basically about the store manager's corruption issues.

One pile, one piece.

Chu Zhengxiong's face grew darker and darker until it was almost the same color as the bottom of a pot.

"According to the group's data, Tianmu Hot Spring's bathrobes wasted 13% last year, while the industry average wasted less than 3%. Isn't this wasted rate a bit high?"

“According to the group’s data, Tea’s craft beer turnover rate exceeds 60 days, while the industry best practice is 45 days. Does our group’s beverage supply chain need further optimization?”

"Our group's data shows that Houtang's daily online orders only account for 12% of its total daily revenue, which is far from the industry standard of more than 35% per day. Shouldn't our group consider increasing our promotional expenses in this regard?"

……

The first issue is corruption among middle-level leaders, while the second is a problem affecting the entire group.

As Chu Zhengxiong and Zhou Gang looked at the sheets of paper in front of them, they felt as if they were being slapped in the face by invisible hands.

As the chairman and president of Xingchuan International, they were unaware of the numerous problems within the group, yet Gu Heng, an "outsider," has now exposed them all.

expansion?

Development? Chu Zhengxiong and Zhou Gang recalled their long and rambling speeches and now felt truly ashamed.

Gu Heng calmly finished answering all the questions, then picked up the Cohiba GR he had just placed on the cigar jar and took a deep drag.

"Chairman Chu, President Zhou, a thousand-mile dike can be destroyed by an ant hole."

Gu Heng said softly, "I think it's better if we deal with all these issues first before we talk about expansion."

This material is Gu Heng's trump card, the real trump card that will make Chu Zhengxiong, the wolf king, feel the pain.

Regarding the issues he mentioned at the beginning, the vast majority of the store managers suspected of corruption were old brothers who had followed Chu Zhengxiong from the very beginning.

Chu Zhengxiong was a man of great loyalty and righteousness. After he became successful, his old brothers who had followed him since his humble beginnings also rose to prominence.

Gu Heng hadn't originally planned to bring out the document today, but unexpectedly, Chu Zhengxiong intended to give him a hard time as soon as they met. So, he naturally didn't need to be polite to Chu Zhengxiong anymore and directly slammed the document in front of Chu Zhengxiong.

Want to expand?

sure!
Solve the problem first, then expansion will be easier to discuss.

Development or loyalty?

Chu Zhengxiong now has to choose between two options. If he chooses to develop the business, he must make a tough decision and kick those bad apples out of the group.

If you choose loyalty and righteousness, then don't even mention expansion.

Given Xingchuan International's current nepotistic management style, it would be good enough if it could maintain the status quo, let alone continue to expand.

Looking at the shocking evidence before him, Chu Zhengxiong took a deep breath and understood Gu Heng's meaning.

"Chairman Gu, don't worry."

"I will definitely give you a satisfactory answer to this matter."

"Those involved should be dismissed or handed over to the police."

In just over ten seconds, Chu Zhengxiong had already made his decision and expressed his attitude to Gu Heng.

Indecisiveness has never been in his nature.

When it comes to the group's future development, no one and nothing has to give way.

Moreover, it wasn't Chu Zhengxiong who wronged them first.

He had already given those old buddies high enough salaries and benefits, as well as respectable status and power, but they were still not satisfied and started to engage in corruption by deceiving their superiors and subordinates.

Since that's the case, then don't blame him for not showing any consideration for past relationships.

'The group still has a future to develop, and with their abilities, they really can't keep up with the pace of the group's development. It's time to let them all retire...'

Chu Zhengxiong's thoughts raced, and he quickly weighed the pros and cons of the matter.

Removing these veteran employees from their original positions not only allows for the replacement with a new batch of capable individuals, but also further opens up career advancement channels within the group and motivates employees to work more actively.

Clearly, the advantages outweigh the disadvantages in this matter.

Seeing the cold glint that flashed in Chu Zhengxiong's eyes from time to time, Zhou Gang knew that many people in the company were about to suffer a great deal of misfortune. They dared to put their hands into Chu Zhengxiong's pockets. They had been living a peaceful life for too long and had forgotten what Chu Zhengxiong was like when he was ruthless.

At the same time, looking at the young man in front of him who was leaning back on the sofa, leisurely drinking tea and smoking a cigar, he felt a strange mix of emotions.

'Upon their first meeting, Chu Zhengxiong was forced to make a drastic decision.'

'This young man is not to be underestimated...'

(End of this chapter)