Author | Shi Dalang
Source | Big Cat True Detective
Liu Yongzhuo of Evergrande Motors was caught.
This person is Xu Jiayin's younger brother. He has followed Xu Jiayin for more than 20 years and is particularly respected. He is known as the "Evergrande Money Shredder" in the world. Why is
a banknote shredder?
Because this person dares to spend money and he can spend it. The businesses he is in charge of all suffer huge losses, such as Evergrande Football, Evergrande Bingquan, Evergrande Grain and Oil and Evergrande Automobile .
Xu Jiayin originally asked Evergrande Bingquan to earn tens of billions in revenue. He spent 6 billion on advertising and ended up losing 4 billion.
Maybe Xu Jiayin likes this style of holding high and hitting high. This is the sixth high-level executive of Evergrande to be arrested.
In addition to Xu Jiayin, Du Liang of Evergrande Wealth, Zhu Jialin of Evergrande Life Insurance, and Chief Financial Officer Pan Darong were all arrested. These three people were mainly responsible for Evergrande's money bag , so it was natural for them to be arrested. Ke Peng, the former CEO of
, was also arrested. It was said that it was related to the renovation of old houses in Shenzhen. Now Liu Yongzhuo has been arrested. No need to ask, it is to trace the whereabouts of the funds. There may be many problems in . Do you think Lei Jun spent 10 billion, Xiaomi is almost in mass production, Evergrande spent 50 billion, and the progress bar has not caught up with Xiaomi. This is somewhat abnormal.
There is currently no news about Evergrande’s No. 2 player Xia Haijun, who is said to be abroad.
Almost all people have been arrested. This also means that the Evergrande case has reached its final stage. It has been two and a half years since exploded in 2021. It took four years to deal with the HNA case, but in the current environment, Financial institutions including banks, trusts, etc. can no longer afford to wait.
Xu Jiayin’s final result may be known this year.
What was handled faster than the Evergrande case was Zhongzhi. They applied for bankruptcy liquidation two days ago, and the court also accepted . This is a very unexpected thing. It has only been half a year since they broke the thunder. I have never seen such a fast processing speed.
Zhongzhi definitely hopes to go bankrupt directly, but the country will definitely not agree, so this should be an application submitted by the creditor. The purpose is to speed up the processing and avoid more heavy losses. Zhongzhi also arrested a large number of people. If you want to In case of bankruptcy, we must first deal with the intersection of criminal and civil matters. The several wealth companies planted in
are involved in non-collection and non-absorption, and have been filed. This involves criminal liability. At the same time, they owe a lot of money to many financial institutions, which involves civil litigation.
How to distinguish criminal from civil? The key point is to see if the property involved in criminal cases and bankruptcy property can be clearly distinguished , but to be honest, Zhongzhi has been doing it for so many years, and Xie Zhikun passed away unexpectedly. This matter has already No one can tell.
In this case, will be uniformly included in the bankruptcy property, and then entered into bankruptcy proceedings to be paid off uniformly.
According to our legal provisions, when a company goes bankrupt, it must first make up for the wages and social security owed, and then the various amounts owed, including taxes, etc., and only the remaining money will be used to pay off civil debts. In
, debts with mortgage rights or pledge rights have priority. , for example, bank money. Only after the money is paid, will the investor’s money be paid. Take a fancy to Zhongzhi’s current posture. If you invest 3 million in , if you can get half of it back, just enjoy secretly. The equity held by
is relatively easy to sell. What is more troublesome about is the large amount of real estate debt. It is basically impossible to sell . Evergrande also faces the same problem.
These are the two biggest minefields in our history. Now the pace of processing has been significantly accelerated, because if they continue to spend more, they will not be able to fill the debt hole by themselves. Evergrande Auto still had hope of financing before, although it signed There are doubts about the strength of the company with investment intention, but with the dissolution of investment intention, Evergrande Automobile’s last life-saving straw is gone..
So even if it takes one or two years, it will only increase the anxiety of creditors. A few years ago, HNA had an accident, but the other businesses of the investors were still going smoothly, so they had the time and patience to wait, and is now , what everyone wants is to settle the matter quickly and get rid of quickly. This is okay, it is better than dragging it all the time.
