Another former Evergrande executive was dismissed. Xu Jiayin is not far from the finale.
Lao Xia, Lao Xu, you cut the leeks to the point where there are no roots.
Author: Jin Lun
A few days ago, the media reported the relevant news of Evergrande. Ms. Li's story in Wuhan Evergrande Times New City makes people sigh:
Ms. Li and her husband are ordinary workers. Before her son got married, Ms. Li used all the family's savings and borrowed some money to buy an unplanned house for her son in Wuhan Evergrande Times New City. After the Evergrande scandal, the house Ms. Li bought fell into disrepair. The conflict between the son and daughter-in-law was also intensified by the problem of the house. During a fierce argument, Ms. Li was kicked out of the house by her daughter-in-law, who was homeless and forced to sleep on the streets.
▲Screenshots of related videos uploaded online
Evergrande has become a nightmare for many future bosses. This sentence also has the power of swearing, and it is heart-wrenching to say it.
At present, the pace of departure of Evergrande executives and former executives is accelerating. In addition to Evergrande Wealth, Du Liang, the legal representative and general manager, recently removed Zhu Jialin, chairman of Zhongrong Life and former chairman of Evergrande. Send for inspection.
The Evergrande final is not far off.
01 If you can't afford it, you have to go
On the evening of September 16, the Nanshan Branch of the Shenzhen Municipal Public Security Bureau issued a case notice. According to the report, the public security organs have recently taken law enforcement measures against criminal suspects such as Evergrande Fortune Du in accordance with the law.
This Du is Du Liang, the legal representative and general manager of Evergrande Wealth.
Why was criminal coercive measures taken against Du Liang?
First of all, the law must be observed, and he should bear this responsibility. Secondly, his stay in Evergrande Wealth has no help to solve the problem, so he can only go where he should go.
Evergrande Fortune and Du Liang also struggled, but everything is declining rapidly and has become irreversible.
Evergrande Fortune tried to save itself in three stages, but eventually fell.
The first stage
: In September 2021, the preliminary redemption plan of Evergrande Wealth is a cash redemption plan for the mature part: 10% redemption at the end of the maturity month, and 10% of the remaining part of each installment for three months.
The portion of a physical asset that is due or not mature and must be prepaid can be deducted.
The third payment method is a payment credited to the last purchase of the house.
This is acceptable for many investors. Although it is annoying to get an apartment or shop, it is better than not getting nothing.
However, this Evergrande wealth plan lasted only three months before coming to an abrupt end. This is a game of "tearing down the eastern wall to make up for the western wall". When you can't find the East Wall, the Western Wall can't be repaired because no one is fooled.
On December 31, 2021, due to the unsatisfactory return of funds from the projects invested by Evergrande Wealth, the repurchase plan was adjusted to pay the principal of 8,000 yuan to each investor every month.
Getting 8,000 yuan a month is definitely better than no hope. In March 2022, Evergrande Wealth announced that it would continue to advance its redemption plan.
However, Evergrande Wealth's cash flow is shrinking at a rate visible to the naked eye.
Seven months later, on November 30, 2022, Evergrande Wealth revised its redemption plan again
, adjusted from 8,000 yuan per person per month to 2,000 yuan per person per month.
▲Evergrande Wealth related announcements
The trend is clear that Evergrande wealth has become an untenable hell.
This is explosive news for investors. Some people invest millions and get 2,000 yuan a month. When will they get their money back?
However, everything is still progressing, dominoes are falling...
Evergrande began to show its hole cards:
On August 31, Evergrande Wealth issued an announcement that the company could not pay this month because the company's asset liquidation progress was not as expected and the liquidation asset funds had not yet been received. The Company will issue a separate announcement on the subsequent repurchase agreement.
If you can't pay it back, what's the point of turning you away?
Therefore, Du Liang must go in.
Du Liang is not a kind person, nor is he a person with basic professional qualities.
According to reports, "China Fund News": In September 2021, Evergrande wealth broke out. However, before the thunder broke out, Du Liang had pre-cashed out the wealth management products he purchased from Evergrande Wealth on May 31, 2021. According to online data, Du Liang and his father have made four investments, with a total value of more than 10 million yuan, and all of them are prepaid.
On the evening of September 12
In the face of doubts from many investors, Du Liang admitted on the spot that he had indeed purchased Evergrande financial products on May 31.
, the reason for receiving it in advance is that there is an emergency at home.
How could Du Liang, the legal representative and general manager of Evergrande Wealth, not know about the situation of Evergrande Wealth? Did he really pay in advance because of things at home? Only ghosts believe this.
According to Henan Business Daily on September 15, 2021, the relevant evidence provided by investor Li Qiang shows that "
Xu Jiayin's wife Ding Yumei's payment of more than 23 million yuan has been completed. Evergrande Wealth Chairman Du Liang and his father Du invested 9.9 million yuan in the payment. The 1 million yuan principal and interest invested by Tang Fajun, an executive of Evergrande Wealth, has been returned. The 300,000 yuan and 500,000 yuan invested by Evergrande managers Li Wenting and Wang Canran have also completed early repayment of principal and interest.
”
However, in the early morning of October 9, 2021, the official website of Evergrande Group issued a statement saying that six managers who prepaid Evergrande products had returned funds. It's true?
On the afternoon of September 10, 2021, Xu Jiayin declared at the special conference of Evergrande Wealth: "I can have nothing, but the investors of Evergrande Wealth can have nothing!" ”
However, when Du Liang intervened, it seemed that Chairman Xu still disappointed the investors after all, and Chairman Xu once again deceived leeks.
He didn't have anything, but there were some leeks on the street.
02 Zhu Jialin was the head of Evergrande Financial Port
Another person worth mentioning is Zhu Jialin, former chairman of Evergrande Life. Recently, some media reported that:
Zhu Jialin, representative chairman of Zhongrong Life Insurance Company and former chairman of Evergrande Life Insurance Company, was detained for investigation.
Zhu Jialin graduated from Fudan University in 1986 and worked for China CITIC Bank for a long time. He used to be the deputy section chief, party committee member and vice president of China CITIC Bank.
In September 2017, Zhu Jialin joined Evergrande Group (in March 2018, he attended the financial conference as the president of Evergrande Financial Group). From July 2018 to October 2019, Zhu Jialin served as the chairman of Evergrande Life.
Evergrande Life changed shareholders and beneficial owners today.
On September 15, the Shenzhen State Financial Regulatory Bureau approved the transfer of Evergrande Life Insurance business and corresponding assets and liabilities to the newly established Harbor Life. The registered capital of Hong Kong Life is 15 billion yuan, Shenzhen state-owned enterprises account for 51%, insurance protection funds account for 25%, Guangdong Yuecai Investment Holdings Co., Ltd. and Chongqing Yuxin Investment Co., Ltd. respectively. Taiping Life, each accounting for 8% of the shares.
Please note that on the evening of September 16, the Nanshan Branch of the Shenzhen Municipal Public Security Bureau issued a case report, informing that Du Liang had been taken criminal compulsory measures.
On the evening of September 21, some media reported that Zhu Jialin had been taken away for questioning.
There is a high probability that there is some connection between the two, because Zhu Jialin is also the head of Evergrande Financial Group and the president of Evergrande Financial Group.
Du and Zhu were both people close to Chairman Xu, and so were Ke Peng, who were also taken away.
03 Ke Peng was taken away, where is Xia Haijun?
Message from the media:
In January 2023, Ke Peng, the former CEO of Evergrande Group, was taken away by the police for investigation.
This includes the reform of Evergrande Shenzhen.
According to the self-media "Meow Head"
Shortly after the Evergrande turmoil in 2021, Wang Zhongming, a key figure in Evergrande's entry into Shenzhen's old reform, has left Shenzhen.
, to avoid Saipan before that year's National Day. (China Times)
According to "Interface News" reported on August 16, according to the 2022 ESG report of Evergrande Group, as of December 31, 2022, the total remuneration of directors and senior managers of Evergrande Group was 79.952 million yuan.
▲Evergrande's directors and executive compensation in 2022
Among them, the salary of chairman Xu Jiayin is 126,000 yuan, and in 2021 it will be 252,000 yuan. Xia Haijun, who resigned, still received 21.231 million yuan in 2022.
Why can I still get 21.231 million yuan after withdrawing? Wouldn't it be better if this money was used to return it to investors of Evergrande Wealth?
Former Executive Director and Chief Executive Officer of Evergrande Group
Xia Haijun's salary in Evergrande Group in 2021 and 2020 is as high as 202 million yuan and 204 million yuan.
。 A
Evergrande will lose money in 2021 and 2022, with losses of 686.22 billion yuan and 125.81 billion yuan respectively.
The total net loss exceeded 812 billion yuan.
▲Evergrande's directors' remuneration in 2021
To be honest, Evergrande Group and Chairman Xu really treat shareholders and investors as fools.
The "famous incident" related to Xia Haijun was "withholding a deposit of 13.4 billion".
Evergrande said in the announcement:
From December 28, 2020 to August 2, 2021, six subsidiaries of Evergrande Real Estate pledged a number of third-party financings through eight banks, and the relevant funds were transferred to China Evergrande through various channels.
After the expiration of the guarantee period, the relevant banks withheld/transferred deposit certificates totalling about RMB13.4 billion due to triggering the conditions for the realization of the pledge right.
13.4 billion yuan of deposits were seized, and the main persons involved were Xia Haijun, Pan Darong, and Ke Peng. Xu Jiayin said: "My signature is just a process. ”
13.4 billion. Who would believe it if they signed it without looking closely?
Ke Peng has already come in, where is Xia Haijun?
Lao Xia, Lao Xu, you cut the leeks to the point where there are no roots.
Evergrande's current situation is very clear. Those who are inclined to stabilize the situation and hand over the construction can continue to work. Those who have no value for these two things and have various problems will definitely join.
With the people around Chairman Xu entering one by one, the end is not far away.
Only published in the headline number, all other platforms are porters
The picture comes from the Internet, invaded and deleted.
Original is not easy, welcome to forward!
What is your opinion on this? Welcome to leave a comment in the comment area!