Kunpeng Project
Evergrande finally ushered in the "finale", with the Hong Kong High Court's order, after eight postponements, Evergrande still did not escape the fate of being liquidated after all, and is about to enter bankruptcy liquidation. Even so, Evergrande has made history, and it may become the largest liquidation case in Hong Kong's history, with the largest number of creditors and the widest involvement, which will not be completed in a few years. Then the question arises, Evergrande liquidation, who suffered heavy losses, wanted to cry without tears, and who had the last laugh?
The worst is probably the group of buyers who bought Evergrande houses, but have not yet gotten their hands. Why do you say that, many people paid a down payment to buy a house, but because of the developer's illegal operation, the house was not obtained at all, and even the advance registration was not done, and the ownership of the house was not obtained at all, that is to say, these people and Evergrande are legally a creditor-debtor relationship.
Ordinary people do not have a strong sense of the law, and they are not aware of this at all. What's worse is that Evergrande asked the bank to borrow so much money, and a lot of it was mortgaged by land and houses, which means that the bank has the priority to be compensated for these land and houses, I will make it clearerOnce the liquidation procedure is entered, after the disposal of these land and houses, the money must be given priority to the bank with the mortgage, and ordinary buyers, who have exhausted 6 wallets and finally bought the house, have nothing to do with themselvesI really want to cry without tears, and I don't even have a place to reason.
The second type of big loser is the person who bought the Evergrande system. Evergrande system of three listed companies, in addition to China Evergrande, as well as Evergrande Automobile and Evergrande Property, the court announced that on the day of Evergrande's liquidation, the stock prices of these three listed companies entered the suspension procedure, before the suspension, the stock price brushed **, at 10:19 a.m., respectively. 21% and 250%。The attitude of the market has been very clear, take China Evergrande as an example, the market value of the peak exceeded 400 billion, and now only 2.1 billion is left, 99% of which have fallen, and investors have suffered huge losses, but in this liquidation case, there is no benefit at all. Why do you say that, although bankruptcy liquidation is said to be the inventory of the company's assets and paid off to creditors in proportion, but to get to this point, according to the law, Evergrande must first pay off a series of other expenses, including taxes owed to the tax department, the wages of so many workers and employees of Evergrande, insurance, etc., and then it is the turn of creditors, mainly some financial institutions and Evergrande's upstream and downstream enterprises, and finally, Evergrande's shareholders. Evergrande's insolvency has long been a recognized fact, and even the creditor's money can't be returned.
Evergrande was liquidated, not everyone was unhappy, and some people could benefit from the liquidation. The first is the Xu Jiayin family. According to the law, Evergrande as an enterprise, the major shareholder only needs to be responsible for the debts of the enterprise within the scope of the registered capital, Evergrande has a total registered capital of 3.9 billion, and the debt is more than 2 trillionIn other words, after Evergrande's liquidation, the money that the creditors did not get back could not be traced back to Xu Jiayin, let alone his ex-wife and children who were already overseas, Xu Jiayin was probably the one who wanted Evergrande to go bankrupt the most, and he couldn't wait for Evergrande to close its doors on the spot.
Why do you say that, Xu Jiayin has been imprisoned for four months, I don't know what he has done, only one thing can be determined, all the problems are related to Evergrande, so if Evergrande goes bankrupt, a few years later, when the assets are disposed of, Evergrande will be cancelled, and even the enterprise no longer exists, in the Internet era, the memory of netizens is just a few minutes, there will always be a day when everyone forgets Evergrande, Xu Jiayin may be inseparable from Evergrande for the rest of his life, But his wife and the next generation will continue to survive, Evergrande will exist for one more day, and the stain on the Xu family will exist for one more day, and they will deserve to be pointed at their noses and scolded every day, but if Evergrande does not exist, five years later, ten years later, when everyone forgets about it, the next generation of the Xu family can make a comeback with the wealth that their parents exchanged for freedom.
Secondly, there are some people who also hope that Evergrande can be liquidated as soon as possible, that is, those bank executives who have given Hang Seng a large number of loans in violation of regulations. Evergrande, an enterprise with a registered capital of no more than 4 billion, how can it make more than 2 trillion debts, without the assistance of these bank executives, Xu Jiayin alone can not do it, these people are likely to go in and out of Evergrande's mysterious 42nd floor with Xu Jiayin before, called brothers, it can be said that they wear a pair of pants, and now, Evergrande has an accident, Xu Jiayin was arrested, these bank executives who gave the green light to Evergrande back then are really worried and afraid, afraid that one day Xu Jiayin will bite out of himself, The delicacies of the mountains and seas are not fragrant, how can you sleep a little more steadily, that is, wait for Evergrande to go bankrupt. Evergrande's debt problem should be investigated to the end, the premise is that your business must exist, now it's good, Evergrande is going to be liquidated, all normal business in addition to ensuring the delivery of the building, must make way for the liquidation, the attention of ** has been diverted, for these people, isn't this a surprise?
There are also some people who are also waiting for Evergrande to go bankrupt, that is, the intermediaries that did Evergrande's listed company business back then, including law firms, accounting firms and sponsor brokers. Evergrande can have such a big problem, these intermediaries have made a lot of effort behind the scenes, take the audit agency as an example, PricewaterhouseCoopers audited Evergrande finance for 14 years, and did not find any signs of debt risk, this audit agency takes more than 40 million from Evergrande every year, and does not talk about the problem, but the East Window incident, a resignation letter patted the ass and left, there is no better money in the world than this. If Evergrande is liquidated, Evergrande will enter a new bankruptcy liquidation process, the audit materials of the year will be dusty, and gradually forgotten, and when Evergrande bids farewell to history, no one will mention these things in the past.
Evergrande is about to be liquidated, a few happy and a few sad, saying the joys and sorrows of the world, the world is cold, however, Evergrande's debt system is huge, and the liquidation cannot be completed immediately, and it will not be dealt with in a few years.