Xu Jiayin's finale! Evergrande is coming to an end, and these types of people are in danger!
Text|Observers.
Xu Jiayin's finale! Evergrande is going to be finished, and these people are in a bad situation!
Evergrande will not escape bankruptcy and liquidation after all! A court in Hong Kong, China, issued a judgment on Evergrande some time ago, Evergrande Group, Evergrande Real Estate, Evergrande Group have suspended business.
For Evergrande, this liquidation is tantamount to declaring bankruptcy in the mainland, and Evergrande Group's Hong Kong companies will also be forced to withdraw from the market. And withdrawing from the market is tantamount to being "sentenced", without **, Evergrande Group will be over, and Evergrande, which Mr. Xu values the most, will be over.
Evergrande has fallen to this point, and it is indeed not a pitiful thing. Frankly speaking, ** and creditors have bought Evergrande enough time to restructure its debts, and Evergrande's side not only has not made any progress, but has also incurred more debts. If you don't decide to settle accounts with Evergrande now, I'm afraid there won't even be a trace of scum.
For Xu Jiayin, the declaration of bankruptcy by the Hong Kong court means that Xu Jiayin has come to an end. Xu Jiayin was born in a mountain village, his family is poor, he relied on his own efforts, step by step to become the richest man in China, of course, there are many reasons for this, but Xu Jiayin's strength is beyond doubt. It's a pity that Xu Jiayin has great ambitions and a lot of gambling problems, so he didn't hesitate to use his own funds in order to expand his company, which caused such a big incident.
Xu Jiayin's life is both a miracle and a tragedy. If there is no accident, Xu Jiayin really has no way to turn the tables this time, and his fate is the same, but Mr. Xu's fate is certain, but if you look at it from Evergrande's point of view, when Evergrande goes bankrupt, these people will become very dangerous.
The first is Evergrande's creditors, now Evergrande has little property left, according to the previous reorganization plan, once the debt restructuring is completed, the upper limit of funds available to creditors is 934% with a minimum of 205%, and now that Evergrande is bankrupt, then this money may be difficult to guarantee, and in the end, the funds that the relevant creditors can get are probably less than 1%.
The second group is the future Chinese real estate developers. Although Mr. Xu has repeatedly stressed the need to protect people's livelihoods, it is also questionable whether the work of saving homes can continue in the case of Evergrande's bankruptcy. However, even if Evergrande is still alive, we don't know if we can save a life, as I said before, Evergrande has not much cash left, Evergrande will need at least tens of billions to solve all debts, and Evergrande simply does not have this ability.
The third faction is Xu Jiayin. When the Evergrande Kingdom collapsed, Xu Jiayin's last barrier was broken, and Xu Jiayin was likely to recruit his family members in order to be light. Those who collude with Evergrande and Xu Jiayin will be found out in ten likelihood.
What I want to say is that this failure just proves that there is no so-called "too big to fail" in this world, whether it is a company or a company, if you blindly believe in yourself and blindly develop, you can only be brutally taught a lesson, and then crushed into dust by the wheels of the times.