China Evergrande was first asked about the people who are cleaned up: it will not have a substantial impact on the future reorganization

28jun

Wen | Xu Jie

On June 27, the website of the Hong Kong High Court of China showed that Top Shine Global Limited of Intershore Consult (SAMOA) Limited has proposed to China Evergrande Group in the Hong Kong High Court. On the morning of August 31. It is reported that this time the China Evergrande Group was asked for liquidation for the first time. Combined with the previous data, 3 mainland real estate companies have been asked for liquidation during the year, and the other two are the patterns and Dafa real estate. Lleel invitation means that if the company's liabilities are too large, their creditor and/or company members can enter the court to submit a liquidation sign. After the liquidation is submitted, the court will make a liquidation of the audition. In the end, the court will issue a mandatory liquidation order to order the company to conduct liquidation. An analyst of a securities firm real estate industry bluntly said: "Evergrande's main assets are in the country, and the possibility of allowing its liquidation bankruptcy is not much." It is worth noting that one week ago, China Evergrande Group issued an announcement announcement a week ago It is said that the company is actively promoting the reorganization work. On the evening of June 27, according to a person close to Evergrande, insiders revealed to the "Securities Daily" reporter: "It is mentioned that the liquidation does have a certain impact on the group, but the company's overseas assets are limited. Sexual influence. "During the year, the two mainland real estate companies in the year and Dafa Real Estate also had the same experience of being asked by foreign creditors to ask for liquidation. On May 30, the Flower New Year announced that it received a clearing of the foreign creditors. The Flower SPV 4 Limited raised the loan financing of about 149 million US dollars for the annual year. In terms of patterns, if the company is finally liquidated, the company cannot make any property rights (excluding the property owned by an affiliated company); any shares transfer or change of shareholder status from the liquidation from the liquidation; It will be invalid, and only by obtaining the court's recognition order can it be another matter. To this end, the pattern years stated that "the company will strongly oppose the invitation and take all necessary action to ensure legal rights, including but not limited to constructive dialogue with the invitation. Domestic business, operations and project projects are not affected. "Earlier, on February 18, the relevant parties had not repaid the priority bills that had not yet repaid the principles of 15 million US dollars (plus income without interest), and to Hong Kong, and to Hong Kong The Special Administrative Region High Court submitted a liquidation of Dafa Real Estate and another liquidation of the subsidiary Yiyi Hong Kong Co., Ltd. Among them, Dafa Real Estate is the issuer, and Yiyi Hong Kong Co., Ltd. is the guarantor. In this regard, on February 21, Dafa Real Estate issued an announcement saying that it would strongly oppose the offer of the list and stated that the company would take all the necessary actions to protect its legitimate rights. At the same time, Dafa Real Estate stated that it would also seek legal measures to resolutely oppose the invitation. In view of the invitation, the company will apply to the Hong Kong Special Administrative Region High Court for relevant recognition orders. How will the clearance invitation to affect the China Evergrande Group? Yan Yuejin, the research director of the Think Tank Center of the E -House Research Institute, told the reporter of the Securities Daily, "The popular understanding of the clearing of the liquidation is the application for liquidation. Through such behavior, the creditors actually require Evergrande if they do not repay the debt, then the company must liquidate the company. Assets will put pressure on it. Although it does not reach the step of liquidation, it also needs more communication and coordination with investors. "

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