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All kinds of rumors about the current situation of Xu Jiayin, the actual controller of Evergrande Group, have settled!
On September 28, 2023, China Evergrande issued an announcement on the Hong Kong Stock Exchange, saying, "The Company has received notice from relevant departments that Xu Jiayin, executive director and chairman of the board of directors of the Company, has been taken compulsory measures in accordance with the law due to suspected violations and crimes. Trading in the Company's shares will cease on the SEHK with effect from 9am on 28 September 2023 and will continue to cease trading until further notice. ”
"Inside Information Announcement" was paid "Shaun, executive director of China Evergrande Group". It is reported that Sean has served as an executive director of China Evergrande since January 2022 and was appointed as the chief executive officer in July of the same year.
Xu Jiayin did not appear in public for many days
According to public reports, on July 24 this year, Xu Jiayin organized a meeting of the Evergrande Baojiao Building, which lasted for more than half an hour. Since then, Xu Jiayin has not seen any public attendance at the event.
In early August, most of Heng's executives were taken away.
Tonight, China Evergrande issued an announcement: The Company has received a notice from the relevant departments that Mr. Xu Jiayin, an executive director and chairman of the board of directors of the Company, has been taken compulsory measures in accordance with the law due to suspected violations and crimes.
The fewer words, the bigger the matter.
Where does Evergrande go?
Evergrande once rose and prospered.
Founded in 1996 by Xu Jiayin, Evergrande started as a small real estate development company that started from scratch and excelled in the Asian financial turmoil and seized opportunities with a proactive strategy.
In 1997, the first real estate was developed and the first pot of gold was obtained.
In 2009, it was listed in Hong Kong Special Administrative Region of China, becoming the mainland real estate enterprise with the highest market value in Hong Kong.
In 2016, it ranked among the world's top 500 and became the world's first real estate sales enterprise.
From 2021 to 2023, Evergrande Group will complete the transformation from real estate to "diversified industries + digital technology", and has eight major industries, including Evergrande Real Estate, Evergrande New Energy Vehicles, Evergrande Property, Hengteng Network, RV Bao, Evergrande Tong World, Evergrande Health, and Evergrande Ice Spring. However, because of the poor operation of Evergrande Group, it has caused continuous losses.
The dilemma faced by Evergrande
On September 17, according to relevant reports, the current chairman of Zhongrong Life and the former chairman of Evergrande Life have been taken away for investigation.
On September 22, China Evergrande announced that it would cancel the debt restructuring meeting.
On September 24, China Evergrande Real Estate Group was exposed and is being placed on file for investigation.
On September 26, it was revealed that Xia Haijun, former CEO of Evergrande, and Pan Darong, former CFO, had been taken away by the police for investigation.
On September 27, according to a person familiar with the matter, Xu Jiayin was raided by procuratorate personnel one night.
At the time, he was resting at home when police suddenly visited the home to search and took him away for further investigation.
On September 28, China Evergrande, Evergrande Property and Evergrande Auto all announced that they would suspend trading for a short time.
summary
Xu Jiayin seems to be "prepared and prepared"
Earlier, Xu Jiayin was exposed to have divorced his wife Ding Yumei in 2022, and was interpreted by the outside world as dividing property.
Xu Jiayin's son was also exposed to have received a single-family trust fund worth up to 2.3 billion yuan before Xu Jiayin declared Evergrande's bankruptcy, which is also known as Xu Jiayin's "rich second-generation protection plan" to his son.
And China's Evergrande has long been insolvent. Under the interweaving of various news, Evergrande ushered in the finale.
Xu Jiayin's fate is becoming clearer, and the country and the people will not spare any crime that harms the interests of the country and the people.
This also makes us look forward to it, and everyone is very curious to know whether Xu Jiayin can find a glimmer of light in this storm;
Once your actions harm the country and the people, everything you will be deprived of, which is a concrete embodiment of fairness and justice, and a stern warning to those who harm the interests of the country and the people with their personal interests.
As of press time, the official news has issued an announcement: China Evergrande: Xu Jiayin has been taken compulsory measures in accordance with the law due to suspected violations and crimes. #Wonderful Pen Flower Creation Challenge##Xu Jiayin suspected of illegal crimes was taken compulsory measures#
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