The 5 billion war investment is under negotiation, and the 3 billion war investment capital has been repurchased

For four years, the restructuring of Evergrande and Shenzhen Real Estate has come to an end.

On the evening of November 8, China Evergrande (03333.HK) and Shenshenfang (000029) simultaneously issued an announcement stating that China Evergrande’s decision to terminate The reorganization plan of the real estate, Shenzhen Real Estate will officially resume trading on November 9.

Shenzhen Housing announced that due to the current market environment and other reasons, the conditions for continuing to promote major asset restructuring are not yet mature at this stage. In order to effectively protect the interests of the company and all shareholders, the company has carefully studied and negotiated with all parties to the transaction. The company decided to terminate this transaction.

The turbulent reorganization storm has come to an end, but the focus of the outside world is still on the direction of Evergrande’s 130 billion war investment.

As early as September 29, Evergrande signed a supplementary agreement with 86.3 billion of which was invested in the war, agreeing to repurchase the rights and interests of real estate companies and convert them into long-term common equity holdings. The whereabouts of the remaining 43.7 billion war investment is also clarified in this latest announcement:

Among them, the 35.7 billion war investment has been negotiated and a supplementary agreement will be signed; the 5 billion war investment is being negotiated due to the asset restructuring involving its own major shareholder; the remaining 30 The principal of Yizhan Investment has been paid by Evergrande Group and will be repurchased soon.

In 2017, Evergrande, after withdrawing from Vanke and signing a restructuring agreement with Shenzhen-Shenzhen Real Estate, introduced Suning, Shenzhen Zhengwei, CITIC, Zhongrong, Shenye Group, Shenzhen Guangtian, and Shandong Expressway including a strategic investment of 130 billion yuan. And these strategic investments together hold a 36.54% stake in Evergrande Real Estate.

At the same time, Evergrande has also signed a gambling agreement with investors to ensure that it will beThe net profit in 0 years was 50 billion, 55 billion, and 60 billion respectively, and the total three years was 165 billion.

As of the end of October 2020,Hengda’s annual sales have reached 632.59 billion, sales The repayment amounted to 530.74 billion.