When HD exploded, Boss Xu, who was once respected as the most responsible private entrepreneur, was exposed to his self-interested side. It is well known that he promised to donate all his assets to the state, but only pushed the huge debt to the state. What's even more shocking is that before the HD explosion, he not only divorced his wife in a hurry, but also transferred the funds he earned overseas in an attempt to escape his debts. However, in the end, his plans were completely controlled by the parties concerned, and he could only stay and pay for the mess. But it is worth noting that HD can cause such a big hole, it is not the power of one person, which involves the collusion of many powerful people and bigwigs. For Boss Xu, if he wants to get through it smoothly, he has only one choice, that is, to confess the problem and pay off the benefits he swallowed before. And in fact, this is exactly what Boss Xu did. According to sources, the two mansions owned by the chairman of China HD, Boss Xu, have been asked by creditors to take over at Bulli Trail on the Peak of Hong Kong, and it is expected to be realized in a short time, with preliminary estimates that the total value of the two mansions is more than 1.5 billion Hong Kong dollars. In addition, Boss Xu also owns real estate, private jets, luxury cars and other assets in Shenzhen, Guangzhou and other places, and it is expected that these private assets belonging to Xu Jiayin will also be taken over one after another, and Boss Xu will begin to pay for his faults. However, these are just the tip of the iceberg, as the really important assets have been transferred, and his wife has already fled the country with large amounts of cash, and it will be very difficult to recover the money. In any case, as long as the people are still there, there is always a way. If Boss Xu cooperates with the investigation and confesses his accomplices, it is believed that most of the funds are still expected to be recovered.
It can be seen from Boss Xu's previous "self-interested" remarks that he had been prepared before the crisis, wanting to push his debts to the state and mix up profits. However, his plan did not succeed. Now, he is forced to accept his fate and become the protagonist in the HD bankruptcy case.
In fact, the bankruptcy of HD is not the responsibility of Boss Xu alone, and the interest groups involved are quite complex. For Boss Xu, if he wants to save his life and die a good death, he has only one choice, that is, to fully cooperate with the investigation and explain the problem thoroughly. Only in this way will it be possible to redeem some dignity and interests.
However, it will not be easy to do this, and Boss Xu may need to hand over more evidence and information to the regulator to confess more complicity. The process is arduous and fraught with danger. But only through this process can he be forgiven and may get better opportunities for development.
1. Takeover of assets
It is understood that Boss Xu owns several mansions on the top of the mountain, and these mansions have been asked by creditors to take over. It is estimated that soon these mansions will be officially handed over to creditors. According to preliminary estimates, the total value of the two luxury properties is more than HK$1.5 billion.
In addition, Boss Xu also owns a large number of real estate, private jets, luxury cars and other properties in Shenzhen, Guangzhou and other places. It is expected that these private assets belonging to Xu Jiayin will also be taken over by creditors one by one, and Boss Xu will begin to pay for these mistakes.
2. Debt treatment
Boss Xu's shirking of debts is only part of the transfer of his interests, and the bigger problem is to deal with debts. The amount of money that creditors need to recover can be in the trillions, which is a huge amount. If Boss Xu can fully cooperate with the investigation, confess more complicity, and pay off the debts owed, he may be able to recover some of the funds.
However, even if the funds are recovered, the problem is not over. So how should this money be spent?Should HD's creditors be compensated, or should it be used to protect the rights and interests of home buyers?Different people have different opinions on this issue.
1. Ensuring the delivery of the building is the first priority
Personally, I think that if the money can be recovered in the end, the most important consideration should be to protect the rights and interests of the homebuyer, rather than to compensate HD's creditors. Because the buyer empties the family's savings for a house, and puts in a lot of effort and sacrifice for the house. If in the end these homes are not completed, it will be a huge blow to home buyers.
Protecting the rights and interests of home buyers and helping them move in as soon as possible is an important way to maintain social stability and prevent the expansion of negative impacts. Therefore, the first choice of money should be used to ensure the delivery of the property and ensure that the buyer can move in on time.
2. Handle creditor's rights carefully
Although the delivery of the property is the primary consideration, HD's creditors cannot be ignored. They deserve a certain amount of compensation, after all, they are also one of the victims. However, it is important to be cautious and balanced in dealing with the issue of claims in order to avoid giving rise to new disputes and disputes.
3. Transparency of the use of funds
The recovered funds should be used to secure delivery and claim processing, but more importantly, the use of these funds should be transparent. There is a need for an effective monitoring mechanism to ensure that these funds are properly used to protect the rights of homebuyers and clear debts, and are not misused or diverted by individuals.
Boss Xu was forced to accept control and take over, becoming the protagonist in the HD bankruptcy case. Although he tried to escape his debts and move his money overseas, he ended up in a difficult situation and had to pay for his own mistakes. However, we can't ignore other key players in the HD bankruptcy case. For Boss Xu, if he wants to die well, he can only fully cooperate with the investigation, thoroughly explain the problem, and pay off his previous interests. As the assets taken over gradually increase, Boss Xu will gradually take responsibility for the missed bills.
What happens to the money after it has been recovered is critical. Personally, I believe that the first priority should be to protect the rights and interests of home buyers and help them move in smoothly. Second, it is necessary to be cautious in dealing with creditor's rights issues, taking into account the interests of all parties, and avoiding new disputes. Most importantly, it is important to ensure the transparent use of funds and to establish effective oversight mechanisms to prevent misuse or misappropriation by individuals.
Only by taking into account the interests of all parties and adhering to the principles of fairness and transparency can this bankruptcy case be resolved reasonably and fairly. It is hoped that Boss Xu can fully cooperate with the investigation, pay off the debts and explain the problems, and the recovered funds can be properly used to protect the rights and interests of home buyers and maintain social stability, fairness and justice. In the end, I hope that HD's mess can be properly handled, and Boss Xu and the other people involved in the case can take their own responsibilities to avoid similar tragedies from happening again.