"Then let me ask you, what should I do if the Shen Group maliciously arrears of wages?" Tang Yingmin asked.

"According to the Labor and Social Security Supervision Regulations formulated by our city, units that arrears must make up for the arrears on time. If the wages are not paid overdue, they will be fined within 50% to one times the wages to be paid." Wu Qinghua said.

"Shen Group has been owed wages for four months. Have you taken any measures?" Tang Yingmin asked in a serious tone.

"I have sued it several times, but the Shen Group has been ruling for various reasons and will not implement the relevant regulations of the city." Wu Qinghua said.

"If this situation is not effectively solved, what should we do in the end?" Tang Yingmin asked coldly.

"According to Article 24 of the "Labor and Social Security Supervision Regulations" of our city, compulsory law enforcement measures are adopted for malicious wage arrears enterprises to seal the property of the wage arrears to ensure that the legitimate rights and interests of the workers are effectively protected. While seizing the property of the wage arrears to the unit, inform the unit that if the wage arrears to the unit is refused to pay the wages, the seized property will be entrusted to the court for auction, and the case will be transferred to the public security organs." Wu Qinghua said.

"Okay, you should notify Shen Group immediately. If the salary problem cannot be solved within ten days, I will seize the finances of Shen Group in accordance with the relevant regulations of the city and hand them over to the court for auction!" Tang Yingmin said.

The multi-functional conference hall on the twelfth floor of Shen's Group has held countless meetings here recently. Every time the meeting is held, the board members will feel a little heavier.

Today is the heaviest time for everyone, because in the face of a powerful salary-seeking incident, Shen Group has no money to pay wages at all. Now it is a critical moment for life and death!

"This day has finally arrived! Who can turn the tide? Is Shen Group really going to go bankrupt?" Many directors were very complicated, as if they had broken the five flavor bottle, and the sour, sweet, bitter, spicy and salty all came to their hearts.

Shen Kangnian, sitting in the main seat, had pale face without a trace of blood, and his facial features were twisted together, looking very ugly. As he watched the Shen Group, which he had worked hard, he was about to go to the verge of bankruptcy, he really had the urge to die!

Shen Kangquan was in this mood, sitting there and sighing constantly. Faced with the dangerous situation where the building was about to collapse, he was helpless.

Shen Zhentang's face was also ugly, cold as iron, and his fists were clenched. In the past year since he became the president of Shen Group, he has used almost all means, devoted 100% of his efforts, and put in 100% of his efforts, but he still cannot reverse the overall decline of Shen Group.

Now, the group has reached a critical moment of life and death. The four-month salary owed to employees is as much as 60 million. The group can no longer afford to pay, unless it takes the path of auctioning assets, but everyone knows that once it reaches this point, it indicates that Shen Group has gone bankrupt.

Shen Kangnian said anxiously with a bitter face: "Comrades, the Shen Group is at stake. Do we have to go to the dead end of bankruptcy? Is there no other way to overcome the current crisis? Who can have any good plans? Come on!"

The venue was quiet and no one spoke. Shen's Group is now terminally ill. Unless there is strong blood transfusion and asset reorganization from the outside world, it is impossible to overcome the current crisis.

"Zhentang, why don't you talk anymore? Do you have no idea?" Chen Kangnian looked at Shen Zhentang and asked with a wry smile.

"Dr. Chen, I have said everything I should say before. The road I can take is getting narrower and narrower. If I don't implement it decisively now, then there will be a dead end for us!" Shen Zhentang sighed helplessly.

"Zhentang, what roads do you think there are still to go to our Shen Group at present?" Chen Kangnian asked anxiously with a calm face.

"There are only two roads left now. One way is to reduce the holdings of Shen's stock to cash out, and the money you get is used to pay employees' wages and maintain Shen's Group's

i often costs." Shen Zhentang said in a deep voice.

"This is not very feasible. Our Shen Group's board of directors only holds a total of 35% of the equity. If the holdings are reduced, the control over the board of directors will decline and it is very likely to lose control. In this way, even if the group is saved, the control will be handed over to others. Isn't this not worth the loss?" Chen Kangquan took the lead in opposing this road.

Seeing that many people were following Chen Kangquan, Shen Zhentang sneered in his heart: "Oh, the reason is so high-sounding. In fact, to put it bluntly, no one is willing to use the money he has obtained from reducing his holdings to fill the loopholes in the group. Now, everyone still has their own selfish intentions. Can Shen Group still have good future?"

"Zhen Tang, where is the second path you mentioned?" Chen Kangnian continued to ask.

"The second way is still a cliché, which is to invite Chen Yi back, give him blood transfusions to Shen Group, and join the board of directors, and use part of the equity to trade with him, about 2-3%!" Shen Zhentang said.

"This can be considered." Chen Kangnian said in a deep thought.

The people present also nodded, thinking that the second one was still feasible compared to the first path, but Chen Kangnian and Shen Kangquan have not yet made up their minds to invite Shen Yi back. After all, they drove Chen Yi out of the Shen family at the beginning, and now they are indifferent to invite him back. Isn’t that too shameful?

Many entrepreneurs care about their own face and think it is more important than anything else.

At this moment, a secretary trotted into the conference room and muttered a few words beside Shen Kangnian.

Chen Kangnian trembled all over when he heard this, his face became more solemn and he said in a deep voice: "Please come in!"

The secretary nodded, turned around and walked out.

Not long after, he saw him leading a middle-aged man in his forties, wearing a labor supervision uniform, his eyes as bright as stars, and his temperament was very grand.

"Hello, Director Wu!" Chen Kangnian and Shen Zhentang stood up and took the initiative to shake hands with Wu Qinghua, director of the District Labor Supervision Bureau.

Wu Qinghua's expressionless face, his sharp eagle-eyed eyes looked around and said coldly: "I'm here to get a district committee and district zhèng

fu's latest instructions to your Shen Group require you to resolve the problem of wage arrears of employees within ten days. If the overdue period is not resolved, then our district labor supervision bureau will seal the property of your Shen Group in accordance with the relevant regulations of Yanjing City and entrust the court to conduct an auction. At the same time, the case will be transferred to the public security organs for handling!”

"Ah? Director Wu, ten days are too short. Can you extend it for a few more days?" Chen Kangnian felt like he was hit hard when he heard this, and he felt a little breathless. His face was pale and he begged.

"No!" Wu Qinghua shook his head firmly and said sternly: "I have given you Shen Group more than a month to deal with this matter. You have been delaying it until now. Ten days are the district committee and district zhèng

There is no room for negotiation for the deadline that fu gives you!"

"Ah!" Chen Kangnian had a premonition of the crisis. Once the district implements relevant regulations and seizes the property of the Shen Group, it would be equivalent to declaring the Shen Group's official bankruptcy. The company established by decades of hard work collapsed. This blow would be fatal to him!

Chen Kangnian felt a moment of dizziness, his heart was so stuffy that his face turned red, and he could not breathe, and his body began to shake.

Chen Kangquan was shocked and hugged his brother Chen Kangnian, shouting loudly at the secretary: "Go and get the quick-acting heart-saving pills. Chen Dong had a heart attack!"

Hearing this, the secretary hurried to find water and get medicine, and the conference hall was suddenly in chaos.

Chen Kangnian took more than a dozen pills to save heart pills, and felt a little better. His eyes were straight, he was panting and he said in a trembling voice: "Hurry! Use the eight-carrying sedan to invite Chen Yi back to me!"

"Brother, let's go and invite Chen Yi now. You have to hold on!" Chen Kangquan said anxiously.

"I'm fine... I must... protect the Shen Group!" Chen Kangnian said panting.

"Send my dad to the hospital!" Shen Zhentang and Shen Zhenwei rushed over, lifted their father and walked outside.

"Don't worry about me, go and comfort the employees and tell you that you will definitely pay you a salary within ten days. Please don't gather at the door to make trouble!" Chen Kangnian breathed up again and said anxiously.

"I'll go to comfort the employees, brother, don't worry!" Chen Kangquan said.

The employees of Shen Group continued to make trouble until four o'clock in the afternoon. Later, Chen Kangquan, on behalf of Shen Group, solemnly promised everyone that the four-month wages that they would be owed within ten days. If the compensation was not made overdue, Shen Group would apply for bankruptcy and use the proceeds from the group's existing property auction to pay everyone's wages.

After receiving this promise, the employees of Shen Group dispersed one after another, and the storm temporarily subsided.

Chen Kangnian, who had a sudden heart attack, was sent to the hospital by Shen Zhenwei, Shen Zhentang and Shen Xiuqin. After emergency rescue, his condition was finally cured.

"Are you going to invite Chen Yi?" Chen Kangnian said to Shen Zhentang, who was guarding the hospital bed, just out of danger.

"Not yet!" Shen Zhentang's face looked as ugly as if he had eaten bitter melon.

"Why haven't you gone yet? Don't worry about me, I'm fine! Now only Chen Yi can save our Shen family. You must invite him back with sincerity, do you know?" Chen Kangnian said weakly, gasping.

"I understand, I'll go back to a meeting and study it now." Shen Zhentang nodded and said.

"Go quickly! Just take care of Xiuqin here. Tell your uncle immediately and ask him to continue to preside over the board of directors on my behalf." Chen Kangnian said.

"Yes." Shen Zhentang nodded, then took a bus to leave the hospital, called his uncle Chen Kangquan on the way, and told him the chairman's latest instructions.

Chen Kangquan, who was in charge of Shen's Group, immediately summoned all directors to the conference room again. After Shen Zhentang and Shen Zhenwei returned, the board of directors continued...
Chapter completed!