Title: Evergrande Liabilities 24 trillion, the unsolved mystery behind the predicament of bankruptcy.
In China's corporate world, a huge storm is brewing involving Evergrande. The property giant is under pressure from an unprecedented amount of debt and the expiration of a restructuring agreement. However, why has it been able to avoid bankruptcy so far, and has become the focus of people's after-dinner discussions?In addition to the debt problem, there are many hidden reasons that lurk beneath the surface.
First of all, Evergrande is not a simple enterprise, it is related to the national economy and people's livelihood. ** Unwilling to let it go bankrupt easily. Millions of home buyers and numerous upstream and downstream businesses are involved, and once bankruptcy, social unrest and economic ripple effects will be immeasurable.
Second, bankruptcy would be a fatal blow to Evergrande and its creditors. When the value of the enterprise is liquidated, creditors may only get a dime a dam, while the actual controller of Evergrande may be able to escape personal liability and losses.
Finally, Evergrande has used a variety of means to make it difficult to trace the debt to the actual controller. Business forms such as limited liability companies and shares*** cleverly separate individual and corporate debts, so that the actual controller is almost not responsible for personal debts.
In summary, the support, the huge loss of bankruptcy to creditors and the ingenious design of the company's structure together constitute the reasons why Evergrande is not bankrupt. This decision seems to protect the interests of many parties, but it also emphasizes the supervision of Evergrande's operation and management to meet the challenges ahead.