In Hong Kong, the internal strife of a once wealthy family has attracted a lot of attention. The protagonist of the story, Ding Yumei, used to be Xu Jiayin's partner, but now he is targeting his biological son Xu Tenghe and proposing a lawsuit of more than 1 billion Hong Kong dollars. This legal dispute between mother and son is not only eye-catching, but also thought-provoking.
Xu Jiayin, whose name was once closely associated with China's real estate giant Evergrande. However, as the Evergrande crisis surfaced, Xu Jiayin and his son Xu Tenghe became the targets of investigation. Xu Tenghe, as the former head of Evergrande Wealth, has a huge gap in the funds in his hands, and the specific amount has not yet been determined, but his responsibility cannot be avoided.
The story of this family is like a tragedy. Ding Yumei, who experienced ups and downs with Xu Jiayin, finally chose to go overseas after the divorce, trying to draw a line with the past. But the twists and turns of fate did not subside. After a few months of silence, she unexpectedly chose to sue her son, and the driving force behind all this is that the assets that fled across the sea are in crisis.
Among Xu Jiayin's overseas assets, there are two parts worth paying attention to: one is the Evergrande debt held by Ding Yumei, and the other part is the dividends that Evergrande gave to Xu Jiayin and Ding Yumei after its listing in 2009. Among them, the US dollar bonds issued by Evergrande are eye-catching, and their interest rates of up to 13% make it difficult for ordinary people to reach, and even the top management within Evergrande needs to look at Xu Jiayin's face to act. In addition to Ding Yumei, Hong Kong tycoons like Liu Luanxiong, who are close to Xu Jiayin, can participate in such an investment.
Evergrande Group, a giant that once soared in China's real estate market, is now facing unprecedented challenges. At the center of this turmoil is the Xu Jiayin family, whose wealth arrangements and legal battles have attracted the attention of countless people.
Evergrande's dollar bonds, with their interest rates of up to 13%, have become a hot topic. Unlike ordinary bonds, holders of these US dollar bonds have a preferential right to be paid in the event of a company's bankruptcy liquidation, meaning they are able to be repaid before other creditors. Evergrande's collapse has sparked widespread discussion about the safety of these claims, especially how Xu Jiayin and his family members, including his ex-wife, Ding Yumei, can protect their wealth through these claims.
With the start of Evergrande's liquidation process, much attention has turned to how the Xu family can protect its vast wealth in the midst of a crisis. In the past few years, Xu Jiayin has made huge gains through Evergrande's dividends, which is estimated to total 50 billion. In his divorce agreement with Ding Yumei, a large amount of wealth was transferred to her name, and it is believed that the funds have been safely transferred overseas, although the exact figure is not disclosed, it is estimated to be at least 20 billion.
In this context, a family trust plan set up by Xu Jiayin has become the focus of attention. With $2.3 billion in funds, the trust was set up specifically for his children and was designed to protect the family's wealth from legal disputes and personal profligacy. According to the terms of the trust, the beneficiary cannot use the principal, but can enjoy a fixed dividend every year. This arrangement not only shows Xu Jiayin's plan for the future of the family, but also implies his concern for the safety of his wealth.
However, the strictness of the law means that if the trust proves to be unlawful, then the whole arrangement is at risk of being overturned. In this story, not only is the struggle for wealth and power full of suspense, but the boundaries of law and morality are also the focus of discussion.
As Evergrande's financial crisis gradually surfaced, the domestic legal authorities decided to take decisive action, and the landmark step was to file a lawsuit against Evergrande's auditor, PricewaterhouseCoopers. This move is not only a harsh scrutiny of Evergrande itself, but also a warning to those who profit from Evergrande. In this legal storm, the huge dividends received by Xu Jiayin and his ex-wife Ding Yumei have become the focus of attention.
Evergrande's past financial statements were quickly the subject of scrutiny to determine whether there were financial misrepresentations. This series of investigations may reveal whether the source of the dividend is legitimate, and if it is proven that there is a problem, then the funds will be recovered regardless of where they go.
The lawsuit filed by Ding Yumei at this time is particularly urgent. Her attempt to claim assets from her son, Xu Tenghe, seems to be her intuitive reaction to the future instability of Evergrande Assets. In a stormy moment, she chose to protect her wealth, even if it meant going to court with her own son.
The story of the Xu Jiayin family, at this turning point, reflects a broader social issue: the wealth obtained through improper means must ultimately be returned to society. From Xu Tenghe's lavish life to Ding Yumei's luxury brand luxury goods to Xu Jiayin's high-end lifestyle, these are in stark contrast to ordinary people who have suffered financial losses because of the delay in the Evergrande project. This incident is not only a review of a company, but also a test of social fairness and justice.
The determination of the legal institutions shows that there will be no tolerance for those who put self-interest ahead of the interests of society. In this story, everyone involved is making choices about their own future, while the long arm of the law works to ensure that ordinary people implicated in misconduct are treated fairly. In this race against time, every action and decision will become an important basis for future generations to judge this period of history.
**From the Internet, if there is any infringement, contact to delete!