Huaxia Happiness debt restructuring is full of difficulties, and the hope is too slim. First of all, the 27th of the Year of the Year announced a loss of 33.1 billion to 39.1 billion yuan, which directly became the loss king of A-share real estate companies. This huge loss alone accrues interest and penalty interest is close to 20 billion, you can imagine how many usury loans Huaxia Happiness borrowed that year, how many capital intermediaries in it.
In another announcement, Huaxia Happiness's debt restructuring is also slow progress, with only 8.8 billion yuan of financial debt of 219.2 billion yuan agreeing to the debt restructuring agreement, in other words, 96% of creditors completely do not approve of this restructuring plan. Today, Zhongrong Trust is even more open to contradictions.
Looking back at the restructuring plan at that time, there are also many unrealistic places, first of all, the sale of 75 billion assets and the package of 50 billion debts, to the location of Huaxia Happiness's various industrial cities, I am afraid that it is not easy to find the wronged head. Secondly, the stable cash flow of 22 billion yuan continues to repay debts, which is also a big pie, referring to the cliff-like depletion of cash flow after the Evergrande thunderstorm, it is conceivable that Huaxia Happiness now has a stable income. Finally, the play requires debt rollover, penalty interest exemption, and then borrow for 5-8 years, and the interest comes according to the current period, but most of these creditors are short-term high-interest trusts and various off-balance sheet assets, which who dares to agree in the current situation.
Therefore, all parties involved in this restructuring plan are very clear that it is not at all to sell assets to arrange debt repayment, there is only one purpose, Huaxia Happiness wants to force the creditors of the palace, require debt extension and cancellation of penalty interest, otherwise it will be directly bankrupt and liquidated, one shot and two scatters. In this way, it seems that this explosive reorganization plan will bring blood and rain behind it.
#Huaxia Happiness##Huaxia Happiness Debt Restructuring ##华夏幸福巨亏 #
