【The first housing enterprise in the universe was petitioned to "liquidate"! Xu Jiayin "in the doom"? Source: DoNews
Xu Jiayin faded from the public eye for several months, and Evergrande, which was suspended, once again "went through the robbery"!
On June 28, 2022, Evergrande Hong Kong Stock Announced that "Top Shine Global Limited of Intershore Consult (Samoa) Limited filed a winding-up petition against the Company on June 24, 2022, involving an amount of HK$862.5 million", which instantly triggered public opinion fermentation, and Evergrande also became a well-known real estate enterprise that was liquidated by foreign investors after Fantasia and Dafa.
At the juncture of the debt crisis, will this liquidation petition operation cause a fatal blow to Evergrande? Can the "lone brave" Xu Jiayin retreat with his whole body?
Will Evergrande go bankrupt?
On the 27th, a company located in the Pacific Island of Samoa proposed to the Hong Kong High Court a corporate liquidation petition for China Evergrande Group, breaking the afternoon silence, which is like a fish in the throat for Evergrande, which is in a state of debt restructuring:
Evergrande stated that if the Company is ultimately liquidated as a result of the petition, any disposition of property rights made by the Company in respect of the property directly owned by the Company after the commencement of the liquidation date, any transfer of shares of the Company or any change in the position of the Company's shareholders will be null and void unless the High Court grants an order of approval.
Evergrande also claimed that if the petition was subsequently withdrawn, rejected or permanently shelved, any disposition, assignment or change of property rights made on or after the commencement date (June 24, 2022) would not be affected.
It is worth mentioning that a winding-up petition is not equal to bankruptcy, and debt restructuring is not equal to bankruptcy, but after the winding-up order is issued, the legal consequences are no different from bankruptcy.
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However, if the personal assets that Boss Xu has publicly sold are calculated, it is also the scale of 7 billion yuan, which is a world away from the real financial strength of Boss Xu, if a simple family asset inventory is carried out, it will be the number that Sun Hongbin, the "white knight" in the water, is envious:
According to the statistics of the research agency "Wind", since evergrande was listed in 2009, as of 2020, Xu Jiayin, who holds more than 60% of Evergrande's shares for many years, has only paid dividends, totaling about 51.3 billion yuan;
According to Phoenix WEEKLY Real Estate, from 2011 to 2020, the Xu Jiayin family held between 58% and 71% of China Evergrande's shares through the BVI (Xinxin Co., Ltd.), and received cash dividends of nearly 50 billion yuan according to the average of 65% dividend ratio;
Public reports also said that in the "2019 Hurun Top 30 Cash-out Entrepreneurs" list, Xu Jiayin ranked 2 with 11.5 billion yuan, second only to Huaxia Happiness of 13 billion yuan, where did the huge amount of 50 billion dividends plus 10 billion cash out go?
It is true that Xu Jiayin is rich no matter how rich he is, even if he does not spend a penny on Evergrande's bailout, it is not illegal, but he feels that under the molding of a large number of media or self-media, Xu Jiayin has become the "lone brave" who even if he smashes pots and sells iron to seek Evergrande in times of crisis, which may be biased.
At the moment of tense reorganization, when the pressure of "liquidation" is exerted, can Evergrande finally turn the danger into a disaster?
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Full text: The first housing enterprise in the universe was petitioned to "liquidate"! Xu Jiayin "in the doom"? | Evergrande Real Estate | Xu Jiayin_Sina Technology_Sina.com
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