China Evergrande issued an announcement on Friday (May 12) that China Evergrande and the founder of Evergrande Xu Jiayin became the executed person.
According to the announcement of the Evergrande in the Hong Kong Stock Exchange, Evergrande received a notice issued by the Guangzhou Intermediate People's Court of Guangdong Province on the arbitration award of the Shenzhen International Arbitration Court.China Evergrande, as well as the Affiliated Corporation of Guangzhou Kelon Real Estate Co., Ltd., as well as the company's controlling shareholder and executive director Xu Jiayin as the executor of the execution notice.
The arbitration involves Heng Hengju (Shenzhen) Investment Holding Center (Limited Partnership) in December 2016 and November 2020 signed the capital increase and capital increase and capital increase and capital increase and capital increase andRelevant agreements, Xianghengda Real Estate increased capital of 5 billion yuan (RMB, the same below, about 96 million yuan) to obtain approximately 1.6%equity of Evergrande Real Estate.Evergrande Real Estate terminates the reorganization plan for the Shenzhen Special Economic Zone Real Estate (Group) Co., Ltd., and arbitration applicants require China Evergrande, Evergrande Real Estate, Guangzhou Kelon and Xujiayin to perform the repurchase commitment and payment of repurchase under the capital increase agreement., Loblies and income.
According to the notice of execution, the implementation of the implementation includes the difference in the difference in the 2020 dividend of Guangzhou Kelon and Xu Jiayin Payment of Evergrande Real Estate, and the amount of money is about 204 million yuan, and the liquidated damages are about 51.53 million yuan; Xu Jiayin, China, China, China, China, ChinaEvergrande repurchased Evergrande Real Estate equity held by the applicant of arbitration applicants for 5 billion yuan; the company paid the arbitration applicant holding Evergrande Real Estate from February 1, 2021 to the compensation of about 770 million yuan in compensation to complete the repurchase; andThe company, Guangzhou Kelon, and Xu Jiayin paid about 35.53 million yuan in lawyers' fees, arbitration fees and execution fees.
