Fated Love With the Billionaire
Chapter 427 Complaint

Chapter 427: Chapter 427 Complaint

Cheng Qiaobei has always emphasized efficiency in meetings; the agenda only covers results, not reasons, and issues are reported concisely. Solutions are decided on the spot, and everyone is accustomed to his working style.

Cheng Qiaobei said, "Today, the meeting will address only two issues. Currently, for our fifteen large hotels, we need to strategically plan hosting influential banquets and events to enhance the clientele and influence of Eastern First-class. The specific planning will be handled by Meng Yanan, who will determine the direction, and Shen Xiwen will carry out the marketing work."

Meng Yanan: "Understood."

Shen Xiwen: "Okay."

Cheng Qiaobei: "Secondly, due to the increase in student groups during the summer, all hotels under our brand need a comprehensive upgrade and replacement of their security systems. Complete surveillance coverage in hotel areas is required to ensure a safer stay environment and experience for our guests. Wei Lai is responsible for issuing the notice."

Wei Lai: "Okay."

Cheng Qiaobei: "Deng Yan is responsible for supervising and spot-checking the work, with a deadline of ten days. Hotels that have not made the necessary changes should suspend operations and resume only after corrections are completed."

Deng Yan: "Understood."

Cheng Qiaobei looked at Shen Rongshen, "How were last month’s financials?"

Shen Rongshen began reporting; the data to be reported was laid out on the table, but he spoke without notes because all the company data is already in his head.

Ten minutes later, after Shen Rongshen completed the report, Cheng Qiaobei did not rush to end the meeting.

"I’ll take a minute of everyone’s time." Cheng Qiaobei said.

Everyone in the meeting room looked towards Cheng Qiaobei as he said, "I suppose you all know about the Jade Jiali incident. I have only one request for you: do not express your opinions in any venue or channel in any form. All of you have been with it since the beginning; when it was at its peak, we were part of the embellishment. Now that it has problems, we should not hit it when it’s down."

Deng Yan said, "Rest assured, Cheng, we won’t say anything."

Cheng Qiaobei nodded and announced, "Today’s meeting is adjourned."

He picked up the financial report on the table and left.

Back in the office, Cheng Qiaobei checked Jade Jiali’s official page, which still hadn’t issued a direct statement.

Old Cheng, what are you doing at a time like this!

At that time, at Jade Jiali.

Cheng Xiangheng sat behind his desk with a steely expression, while a few people opposite him had furrowed brows and remained silent.

Cheng Xiangheng said, "Xu Yunheng, speak up, what are your thoughts?"

Called out, Xu Yunheng looked troubled and said, "Mr. Cheng, what can I do? All eyes are on the halt of the Qingshan project; we can’t hide it if we wanted to. The construction party won’t proceed without the second-phase payment, and there’s no point in persuading them."

Cheng Xiangheng said, "I didn’t ask you to persuade them; I asked you to find a solution to the funding problem."

Xu Yunheng shook his head, "There’s nothing I can do. The hotels I manage barely make enough to cover daily expenses, and the previously well-occupied hotels have been taken by Cheng Qiaobei. Now they are under Chairman Zheng’s management. Chairman Zheng, maybe you could think of something."

The implication was that no funds could be drawn from him, still holding resentments over previous matters.

Zheng Rongxi’s eyes sharpened, "Chairman Xu, what do you mean?"

Xu Yunheng chuckled, "Nothing, I just feel that the current resource distribution is not quite reasonable."

Zheng Rongxi understood Xu Yunheng’s intentions, intending to seize the chaos to reclaim the hotels previously transferred.

"What’s unreasonable?" Zheng Rongxi sneered coldly, "Do not forget, when the overseas hotels were on the verge of bankruptcy, it was Old Cheng who sent people to resolve the issue, and when Xu Gao did those things, without our intervention, you should know the extent of his responsibility."

Xu Yunheng laughed softly, "Yes, the people who could solve the problem are not here, which is why the company is like this now."

One sentence, and silence fell across the office.

Zheng Rongxi opened her mouth but couldn’t refute his confidence.

Cheng Siluo was just about to speak when Cheng Xiangheng tapped the table with his fingers to stop her, "Okay, okay, you’re here to solve problems, not to argue."

Xu Yunheng glanced up at Cheng Xiangheng, the Old Fox, never mentioning the redistribution of hotels.

Cheng Xiangheng asked Cheng Siluo, "Siluo, what do you suggest to resolve this?"

Cheng Siluo thought for a moment and replied, "I believe currently seeking a bank loan can quickly and effectively solve the problem. Alternatively, financing and selling equity can address immediate concerns, but they bring more challenging issues later."

Zheng Rongxi said, "Siluo is right; I also think that seeking a bank loan is more prudent."

Upon hearing this, Cheng Xiangheng rubbed his aching temples and said, "The most direct problem with our company’s funding chain break is our core competitiveness has vanished."

Zheng Rongxi was skeptical, "Are you suggesting the hotels have issues?"

Cheng Xiangheng: "Last month’s financial report showed our hotel’s occupancy rate decreased by ten percent year-on-year, and the room cancellation rate increased by five percent. What does this indicate?"

His icy gaze swept over the crowd, continuing, "It indicates there is a problem with our hotels. If guests have a poor stay experience, they will tell friends, leaving bad reviews on our platform. Would pre-booking customers choose our Jade Jiali after seeing those reviews?

Moreover, with the rise of new media and short videos, guests can easily post a short video that influences our hotel’s occupancy rate.

Now that our core competitiveness is gone, even if we patch the Qingshan project’s gap, more problems will arise afterward."

Zheng Rongxi faintly sensed a different implication, "What do you think?"

Cheng Xiangheng said, "Since the problems are clear, we need targeted solutions. Hotel problems indicate managerial issues."

Xu Yunheng also picked up on the subtext in his words and interrupted, "Mr. Cheng, are you saying you want to reclaim the remaining hotels under my management as well?"

Cheng Xiangheng furrowed his brow, "When will you change your impulsive behavior."

Xu Yunheng was caught off guard, leaning back on the sofa, arms crossed over his chest.

Cheng Xiangheng withdrew his gaze, "We can solve the funding problem; the Qingshan project must proceed. Have the financial director contact the bank to prepare for a loan application. But for now, a more pressing issue is our company’s core management. Chairman Yin and Chairman Lian have disregarded the group’s interests, focusing only on their hotels and embezzling company funds. So, I plan to convene a shareholder meeting next Monday to question Chairman Yin and Chairman Lian’s actions as a warning, starting with the two of them."

Xu Yunheng internally jolted, realizing that this warning might also be aimed at him.

"Siluo, find legal counsel later and issue a statement regarding the Qingshan project under the hotel’s name. We must give the public positive feedback indicating our group’s funds are not in jeopardy."

Cheng Siluo: "Okay, Mr. Cheng."

Cheng Xiangheng: "Director Lee, liaise with the bank as quickly as possible to restart the Qingshan project promptly."

The financial director nodded, "Understood, I’ll contact them right after the meeting."

Having arranged the work ahead, Cheng Xiangheng started reviewing candidates for area managers.