Title: Evergrande ends the drama! Creditors, prospective owners, and fellow parties are sad to end!
In the final battle of this Chinese-language business war, Evergrande has finally come to an end. The latest ruling of the Hong Kong court of China is like a hammer, sweeping Evergrande Group, Evergrande Property and Evergrande Automobile, all of which are pending liquidation.
Liquidation is a complete sweep, and for Evergrande enterprises, this means that every company listed in Hong Kong will face the fate of delisting. Delisting is equivalent to a death sentence, especially at this moment, the loss of the best financing channels, the entire Evergrande empire is doomed to perdition, and even Boss Xu's beloved Evergrande Automobile will also die with it.
Having said that, no one should have pity for Evergrande's tragedy. The state and creditors have already given enough breathing time and waited for Evergrande to carry out debt restructuring, but Evergrande has achieved nothing in the process, and the scale of debt has increased instead of decreasing. If it is not liquidated, I am afraid that in the end, even the scum will not be left.
For Hui, the Hong Kong court's winding-up order meant the end of his life. His legendary life, from the countryside, all the way to become the richest man in China, although the opportunity component cannot be ignored, his ability should not be underestimated. However, his gambling nature and blind expansion eventually led him to the abyss of perdition.
It is undeniable that Xu Jiayin's life is both legendary and tragic. Although his end is doomed, in addition to Boss Xu, we also have to see that with the fall of Evergrande, the other three types of people will also face danger.
The first is Evergrande's creditors. Evergrande has very little assets left on its books, and creditors may only be able to expect to get back a meager portion of the principal, even less than 1%.
The second is the prospective owner of Evergrande. Although Boss Xu kept saying that he wanted to ensure the delivery of the building, with the liquidation of Evergrande, it is unknown whether this promise can be fulfilled. Even if the liquidation is not cleared, Evergrande will not be able to fulfill this promise, because it is now impoverished on the books, and hundreds of billions of funds cannot be raised.
Finally, there are Xu Jiayin's comrades. With the collapse of the Evergrande Empire, Xu Jiayin's last bastion will also be breached, and he is likely to hand over all his comrades in order to gain leniency. Those who collude with Evergrande and Xu Jiayin will face the fate of being **.
Finally, I want to say that the fall of Evergrande also verifies an eternal truth, "too big to fail" only exists in fairy tales. Whether it is an enterprise or a country, blind self-confidence and blind expansion will eventually be crushed by the cruel lessons of reality and return to the dust of history.