Xinyuan Real Estate Company has been executed again!Last Monday, that is, on December 11, Zhongde ** Co., Ltd. issued an announcement saying that Xinyuan (China) Real Estate and its core subsidiary, Henan Xinyuan Real Estate, were included in the list of dishonest judgment defaulters. Among them, the unfulfilled amount of Xinyuan (China) Real Estate *** is as high as 5More than 500 million yuan. 
Xinyuan (China) Real Estate*** was founded in 1997 and is headquartered in Zhengzhou, Henan Province. The founder is Daniel Zhang, a native of Shanxi. At the beginning of this century, Xinyuan Real Estate, shining in Zhengzhou, is the absolute boss. The current "King of Henan", Henan Jianye Group, has to settle for second. In December 2007, Xinyuan Real Estate was successfully listed on the New York Stock Exchange, which is the first and only real estate development enterprise listed on the New York Stock Exchange in China. In 2008, Xinyuan Real Estate moved its headquarters from Zhengzhou, Henan Province to Beijing. However, Zhengzhou is still the focus of the development of Xinyuan Real Estate Company. 
The soul behind this brilliant group is Daniel Zhang, whose entrepreneurial journey is full of tenacity and wisdom. According to public information, Daniel Zhang was born in October 1963 and is 60 years old this year. In June 1985, Daniel Zhang graduated from Zhongzhou University in Zhengzhou, Henan Province, majoring in industrial and civil construction. Later, in 2005, Daniel Zhang obtained an MBA degree from Tsinghua University. 
In 1997, China's real estate market was booming, Daniel Zhang saw this opportunity, in this year to create the predecessor of Xinyuan Group - Henan Xinyuan Real Estate *** It was at this stage that Zhengzhou real estate ushered in the second wave of small climax. In December 2006, Henan Xinyuan and Xinyuan (China) were split, and Xinyuan officially started to move towards the whole country, and went to Beijing, Shanghai, Xi'an, Suzhou, Chengdu, Sanya and other cities. According to the official introduction of Xinyuan Real Estate, in the 10 years from 1997 to 2007, Xinyuan's compound annual growth rate was as high as 86%, and the capital turnover rate reached more than 2 times the industry average, and it also achieved a very high internal investment rate of return. 
After 2008, Xinyuan Real Estate continued to enter Chengdu, Suzhou, Xuzhou and other places, and at the same time, Xinyuan Real Estate also created a precedent for Chinese enterprises to purchase land in the United States and independently develop residential projects, accumulating rich overseas development experience. In 2017, when the sales of Xinyuan Real Estate reached its peak, Daniel Zhang placed an advertisement on a large screen in Times Square in New York, sending New Year wishes to Chinese people around the world. 
However, since the second half of 2021, as the domestic real estate market has entered a downward channel, Xinyuan Real Estate has begun to be in crisis. Since then, there have been news of the "Xinyuan Department" being tight and even the capital chain breaking. Later, in October 2022, Xinyuan Real Estate Company officially thundered. The financial crisis of Xinyuan Real Estate has gradually been transmitted to the project crisis, resulting in the suspension and postponement of delivery of many projects of Xinyuan Real Estate Company in Zhengzhou, such as Xinyuan International New City, Xinyuan Famous City, Xinyuan Mansion and other projects. 
On October 11, 2022, according to the disclosure of the Shanghai ** Exchange, Xinyuan (China) Real Estate *** issued an announcement on the failure of Xinyuan Real Estate *** to pay off its due debts. According to the announcement, there are two debts that failed to pay interest on time, one is the senior note "14% Unsub NTS 25 01 2024 USD (reg S)" issued and listed by Xinyuan Real Estate on the Singapore ** Exchange, and the default interest amount is 1851$640,000. The bonds mature on January 25, 2024, with an outstanding principal balance of $269.3 million. 
The other is that Xinyuan Real Estate *** issued and listed senior notes on the Singapore ** Stock Exchange"145% unsub nts 17 09 2023 USD (reg s)", with default interest in the amount of 1869US$270,000, with a default principal amount of US$229.63 million. The bonds mature on September 17, 2023, with an outstanding principal balance of $257.83 million. 
After the thunderstorm, Xinyuan Real Estate has been struggling in the quagmire, and the financial situation has not improved. Until the middle of this month, Xinyuan Real Estate Company was once again included in the list of persons subject to execution. It seems that Xinyuan Real Estate has a worrying prospect!Note: 1. The picture is as infringing and is deleted. 2. Plagiarism is prohibited. List of high-quality authors