CEO Wants To Marry Me After Divorce
Chapter 1230. How far is Qiao’s from going bankrupt?

Chapter 1230: 1230. How far is Qiao’s from going bankrupt?

Afterward, Qiao Sheng found that many of his projects had problems. Either they were delayed due to new policies in the city, causing funds to be unable to be collected.

Even some of his own private investments ended up with no return.

The accumulation of these problems made Qiao Sheng feel that someone was sabotaging him behind the scenes.

And this time, a large real estate investment that Qiao Sheng insisted on had gone wrong.

"President Qiao, at the time, you assured us that this project would make money. Now, Qiao’s has dropped most of its capital into it, the project is halted, and the company’s funds cannot be collected. This way, our capital chain will break sooner or later!"

"Yes, President Qiao, you said the government would build a cross-city subway here. You said this news was reliable. What’s going on now? Who gave you this ’reliable news’?"

"Jianxin Building Materials has always cooperated with us. Now they suddenly stopped cooperating, but the contract we signed with the property owners stated that Jianxin Building Materials’ decoration materials would be used. What do we do now?"

"That’s right, I said back then that the contract with the property owner should not clearly state the building material supplier. Now, if Jianxin Building Materials refuses to cooperate with us, we will breach the contract and have to pay a lot of compensation to the property owners."

"..."

At the Shareholders’ Meeting, Qiao Sheng was left speechless by the shareholders’ questioning.

It was because he had bought 35% of the shares from Qiaoxu at the time, plus his own 20%, which gave him absolute control over Qiao’s.

This feeling of having the final say made Qiao Sheng involuntarily arrogant.

He started making unilateral decisions, completely disregarding the shareholders’ opinions.

And because Qiao Sheng had absolute say, the shareholders’ objections were useless.

For example, their newly developed real estate properties had always collaborated with Jianxin Building Materials, whose reputation was very good in the industry.

Qiao Sheng was overly ambitious and believed that any fool would want to cooperate with a conglomerate like Qiao’s on such a large real estate project.

In addition, a friend from the Urban Construction Department privately told him that a cross-city subway station would be built near the land.

Housing prices were bound to rise.

So he invested all of Qiao’s available funds into this real estate project.

Even to the extent of specifying in the sales contract, for the sake of showing off to the shareholders and boasting about his abilities, that all decorative materials in the newly developed building would come from Jianxin Building Materials.

This was also an attraction for property owners.

But who knew that Jianxin Building Materials had no intention of collaborating with Qiao’s new real estate development.

If they couldn’t convince Jianxin Building Materials, they would have to pay liquidated damages.

Qiao Sheng’s face turned pale from the shareholders’ questions, but he couldn’t refute a single word.

At that time, he added a clause to the contract stating "All high-end decoration materials will use Jianxin Building Materials" because he knew these shareholders were not convinced.

Now, this very clause had become an obstacle for him.

"If President Lin were here, this wouldn’t have happened."

A small shareholder said this directly at the conference table, without seeming to care about saving Qiao Sheng’s face.

You need to know that if the funds invested by Qiao’s in this real estate development cannot be collected, the capital chain of Qiao’s other projects will be broken.

Once the capital chain breaks, how far will Qiao’s be from bankruptcy?