When someone once asked Chen Feng, the founder of HNA Group, whether he could sleep peacefully if he borrowed more money, he replied: "Because there are more lice and no itch, I can sleep when I borrow more." Nowadays, this sentence is placed on Xu Jiayin, and it may also apply, the more debts, the less afraid. HNA Group's total liabilities exceed 700 billion yuan, while Evergrande's total liabilities are nearly 2 trillion yuan.
Since the Evergrande debt crisis was exposed, Xu Jiayin has shown a very good responsibility, not to escape, actively cope, and be responsible for the end. Every time there is a meeting, something uplifting is said to reassure homebuyers and creditors. But it will only say that it is useless, everything depends on the action. Last few months, only more than 30 billion assets were sold, which can be said to be a drop in the bucket for such a high debt.
Evergrande property is cheaper and reluctant to sell, Evergrande Automobile does not want to sell at all, everything wants to hold in the hand, what to take to pay off the debt? What to take to resume work and production and complete the delivery? On December 3 last year, we saw the results, Evergrande had no money, xu Jiayin could not do anything.
Xu Jiayin said a lot of beautiful words, but did he really try his best? Judging from media reports, in order to rescue the Evergrande crisis, Xu Jiayin himself raised 7 billion yuan, which seems to be quite a lot. But in the past 10 years, Xu Jiayin has paid dividends of more than 50 billion yuan, plus the money to reduce his shares, less than 100 billion, there are also 70 to 80 billion. Xu Jiayin has mansions everywhere in Hong Kong, Shenzhen and Guangzhou, as well as private jets, luxury cars and other assets. How much is this 7 billion?
Therefore, even if Evergrande is restructured and Xu Jiayin shares are cleared, in fact, there is nothing, and there are so many assets. Since the working group moved in, Xu Jiayin is expected to sleep more peacefully, after all, someone has come to "go to the bottom". We don't have to worry about the delivery problem, we see that there are central enterprises that have taken over evergrande's project to complete the construction of the project to ensure the delivery of housing.
Since January this year, Evergrande has successively withdrawn from projects in Foshan, Kunming, Guangzhou, Dongguan and Chongqing, including Guangzhou Evergrande Children's World, Dongguan Yuelongtai, etc., and has been taken over by Minmetals Trust and Everbright Trust respectively. The acquisition of Evergrande's shares by these two central enterprises has exempted Evergrande from 7 billion yuan of debt. They are to complete subsequent construction until delivery. Then Evergrande can also recover the project free of charge, and the two central enterprises do not want a profit, only recover the cost.
And just recently, another central enterprise struck. It is understood that AVIC Trust took over the Evergrande Sunshine Peninsula project in Nansha, Guangzhou. The project has long been open for sale and is currently in a state of suspension. The entry of central enterprises will complete the follow-up construction.
One after another central enterprises shot, Evergrande's "baojiao building" seems to be stable, and the owners who bought Evergrande houses can rest assured that they can sleep peacefully. However, some people can't sleep, they are Evergrande's creditors.
Evergrande has long run out of money to pay off debts, some larger companies are fine, at most they are involved in losses, while smaller companies will be directly dragged down. In February this year, Nantong Liujian Company filed for bankruptcy, which is an important partner of Evergrande, dragged down by it and heavily indebted. Another Nantong Sanjian company, Evergrande's arrears of project funds are as high as 36 billion yuan.
Since last year, Evergrande's overdue commercial tickets do not know how many. On March 18, Guiyang Zhongyu Land Real Estate Development Co., Ltd. became the executor, and the subject of execution was 101,597 yuan, which is a subsidiary of Evergrande. It is understood that on March 17, Evergrande added 22 new lawsuits, evergrande real estate group involved in 2586 judicial cases, the total amount of execution is nearly 100 million yuan, most of which are bill disputes.
Evergrande has a total of more than 200 billion commercial tickets, involving various suppliers, contractors, service providers and so on. Previously, there have been some debt offsets through Evergrande's house, Evergrande's equity, etc., but after all, it is still a minority. In January, Evergrande said that it would come up with a restructuring plan within 6 months, and it would be difficult to get money after such a long delay, and many creditors had a bad life and could not sleep.
However, Xu Jiayin seems to be different, busy building cars, and the good news continues. On January 4, Evergrande's first car, Hengchi 5 LX, was successfully rolled off the production line, and then launched a large-scale recruitment to prepare for mass production. A few days ago, Evergrande Automobile set up a sales company with a registered capital of 100 million yuan, which seems to be ready to sell cars. In addition, Hengchi 5 LX has also entered the public list of new cars of the Ministry of Industry and Information Technology, which means that it has passed the audit and can be officially listed for sale.
From here, it can be seen that Xu Jiayin's dream of making cars is only one last step away from mass production. Evergrande Automobile is really going to succeed, since October last year, Xu Jiayin has invested money and manpower to build a car, and finally there are results. Evergrande has successfully built a car, and Xu Jiayin may be able to achieve a turnaround.
More lice are not afraid of itching, Evergrande has so much debt, so many houses have not been delivered, no one dares to let it fall easily. Xu Jiayin was powerless, and someone came to help him. As a creditor, if it is an investor, it can only be said that it is at your own risk, but for many suppliers, it is only a partner and should not bear the risk. But Evergrande's current situation, they can only be forced to accept, Xu Jiayin not only has no worries about wealth, but also has the opportunity to make a comeback.