More insider disclosures! Evergrande made a late-night announcement, who is lying?
More insider information revealed from Everest in the evening, who is lying?
After the court announced the liquidation of Everest, some inside information came out some time ago.
On the evening of February 1, Evergrande issued an announcement in the middle of the night, announcing the debt status of the first phase some time ago. According to figures released by Evergrande some time ago, Evergrande still has more than 300 billion outstanding debts by the end of 2023. In addition, Evergrande's debt some time ago reached 239 trillion yuan, 174 trillion yuan in assets and 644.2 billion yuan in net assets.
In addition to the company's debts announced some time ago, during this time, another insider revealed that Evergrande was about to go bankrupt. According to Evergrande's chief executive, Sean, Evergrande has been actively repairing and upgrading its assets, improving its operating conditions, and trying its best to protect the rights and interests of creditors. Regarding Evergrande's dismissal, Sean's final reaction was: "We did our best, it's a pity.
It is worth mentioning that just after Sean's reaction, Ammann, the chairman of Evergrande Group, gave another internal explanation: the court ruled that Evergrande was bankrupt, mainly because Evergrande failed to come up with a viable reorganization plan within a year and a half. In addition, according to a statement from AHG's creditors, the creditors were in fact ready to make a deal with Evergrande, but Evergrande refused to cooperate, which eventually led to the bankruptcy.
Who the hell is lying? When Evergrande executives announced that they would do their best to liquidate, Evergrande's creditors and the head of Ammann, who was in charge of Evergrande's liquidation, said in unison that Evergrande was not colluding with outside forces as they thought. Of course, things have already happened, no matter how much it doesn't make sense, judging from Evergrande's past performance, Evergrande's all-out statement is too doubtful.
Finally, let's talk about Evergrande's bankruptcy as a huge shock to many. Although the head of liquidation at Ammann Group said that the liquidation would not have any impact on the operations of Evergrande and its mainland branches, anyone with a discerning eye could see that this idea was not very practical.
To put it simply, if Evergrande is successfully liquidated, then Evergrande will be delisted from Hong Kong, and after the delisting, Evergrande will not be able to list in Hong Kong.
It is widely believed in the industry that after Evergrande's bankruptcy, Evergrande's creditors will not be able to recover their debts, and if there is good news, they will be able to recover up to 1% of their funds. As for the future owners of Evergrande, the situation may improve, as long as the upper management is willing to continue to participate to ensure that there is no problem in delivery.
Of course, this is only under the ideal conditions. After all, the management of Evergrande Real Estate has a certain understanding, the market has been declining, and the debt crisis in various places has passed, and no one knows whether there will be more energy to protect them.