Evergrande ushered in the end, what can Xu Jiayin keep? The future of home buyers is in jeopardy
The main reason why the Xu Jiayin incident has been hot for so long is that there are too many things involved. The Xu Jiayin incident not only harmed the interests of home buyers, but also affected the entire real estate system by a credit crisis, causing other real estate companies to rush in"Lead by example", and finally through Xu Jiayin, this incident caused a series of dark sides.
Because what Xu Jiayin did this time involved too many people, and there were constantly people caught in the middle, so things would be in an uproar. Now, a series of Evergrande-related events led by Xu Jiayin at that time are entering the final stage. On January 29, CCTV reported that the Hong Kong High Court retried Evergrande's case. We will not discuss the details in detail, but the final result is that Evergrande will be liquidated. Whether it is Evergrande's Hong Kong stocks, Evergrande Automobile or Evergrande Real Estate, all of them have been suspended.
However, the court did not specifically determine the reason for the suspension of commercial activities, saying that it would be issued after giving written reasons, but one thing is very clear: Evergrande is insolvent.
There may be some friends who don't quite understand what it means to be completely closed, so let me explain. To put it simply, dissolution is the court's judgment that the company is liquidated. The content of bankruptcy liquidation is actually the sale of all assets of Evergrande, and after the sale of these assets, it is still directly liquidated to Evergrande's creditors.
Judging from the current situation, Evergrande can actually go back and ask for an agreement with the creditors. But Evergrande's creditors, the Evergrande brothers, will not make any deals with it, so this plan simply does not work. What about Evergrande's assets? Why is it insolvent? It's not because they were all transferred by Xu Jiayin.
In other words, the court can only carry out compulsory bankruptcy liquidation of Evergrande now. In the bankruptcy liquidation, only Evergrande Automobile still retains some hole cards, and it can even be said that this is the last straw for Evergrande. Unfortunately, not long ago, the owner of Evergrande was also arrested.
I still remember that Xu Jiayin said to ** with tears at that time"Even if I **, I won't let my investors**"。Today, that solemn promise has been completely reversed. Boss Xu quickly transferred Evergrande's assets abroad before the stock market crash, leaving investors destitute. Only Boss Xu's"Typical divorce", so that his investors are on pins and needles.
It stands to reason that once you get divorced, as long as there is evidence, you can recover those assets, right? Besides, people owe themselves tens of millions or even hundreds of millions, who can stand idly by? Even if it's theft, doesn't it need to be recovered? However, after Director Xu's divorce drama was staged, his ex-wife disappeared as if out of thin air, and the huge amount of property in his hand could not even be seen.
Evergrande has come to this day in the real estate industry, and it is also premeditated. Maybe everyone has forgotten how active Evergrande was in building houses in second- and third-tier cities, and how enthusiastic it was in selling houses at the same time? I still remember that when Evergrande was brilliant, he used his fame to devote himself to guaranteed delivery, and Xu Jiayin also stood up and proposed Evergrande to guarantee the delivery. For a time, many buyers fell in love with Evergrande and even began to grab Evergrande's house. The most exaggerated thing is that a gate has been built on Evergrande's land, and the house has begun to be sold.
Obviously, Evergrande is not mixing well. Although the new energy route is hot, Evergrande has given up halfway, has no core technology, no own characteristics, and the same problem is when selling cars. On January 8, Liu Yongzhuo, the head of Evergrande Automobile, was taken away by the local public security authorities through coercive measures.
At that time, as soon as the news came out, I think everyone realized that Evergrande was completely out of play. Evergrande's auto sector is in its most glorious moment, Boss Xu and Evergrande executives have always been the culprits, and Liu Yongzhuo is considered to be the representative of Xu Jiayin's best ** person and an excellent businessman.
You must know that this young owner, who joined Evergrande at the age of 22, became the owner of Evergrande Football Club in just 8 years. In the ensuing years, he became the executive director and chairman of Evergrande Automobile, and later the chairman of Jiaguan New Energy Technology Group, and even the president of the research institute.
In an instant, so many auras were instantly covered, but these auras did not bring actual benefits to the Evergrande Automobile he led. According to Evergrande Automobile's annual financial report, the company's current total assets are 42.8 billion yuan, but its total liabilities are as high as 75.7 billion yuan, and it is insolvent with 32.8 billion yuan in debt.
Because of the previous Xu Jiayin incident, everyone is also skeptical, this total debt of more than 70 billion yuan, is it true, is it another fake account? In any case, Evergrande has begun to make a final judgment, but where do home buyers go from here?