China Real Estate Giant Evergrande Group recently jumped to the media layout, because public opinion reported that the boss Xu Jiayin might have avoided the huge Evergrande debt problem by the way of divorce.
"Xu Jiayin's Divorce" has been circulating on the Chinese network in the past two days. The reason is that Evergrande Monday (August 14) was published on the Hong Kong Stock Exchange on Monday (August 14).The spouse of the chairman of the board of directors Xu Jiayin.
Evergrande referred to Ding Yumei as "the third party independent of the company and its connected persons" in the announcement.There are certain connected transactions.
In this regard, the Chinese media Shanghai Securities News asked Evergrande's verification, and the reply received was: "Unclear, no news."
Some partners of law firms told Shanghai Securities News that according to the disclosure requirements of Hong Kong, if Xu Jiayin and Ding Yumei have not yet divorced, their relationship must be disclosed in the connection relationship.Way.So now disclosure is an independent third party. If there is no special case, it means that the marriage relationship between them is over and cannot be written as a spouse.
Zou Jiaming, director of Beijing and Law Firm, also holds the same opinion.She said to the research institute of Phoenix.com Finance and Economics that Hong Kong stock listed companies have strict requirements on the use of title. Ding Yumei's information change can basically be identified as the divorce of the two husbands and wives of the Xu family.
Evergrande has not further disclosed the current relationship between the two.
As the news of "Xu Jiayin's Divorce" flies, the outside world's questioning of Xu Jiayin's transfer of property and cutting debts continued.Some netizens said, "Is there a possibility, is the transfer of assets?"Some netizens believe that this move may be "technical divorce", Ding Yumei can divide with Xu Jiayin financially and avoid debt.
The case of "technical divorce" in the business circle is true and false.Among them, the most well -known include Qihoo 360 founders Zhou Hongyi and Hu Huan, and LeTV founder Jia Yueting and Gan Wei.
But whether the divorce can really be out of production, the legal person has different opinions.Zou Jiaming, director of Beijing Hexuan Law Firm, told the Research Institute of the Phoenix Network Financial Listed Companies, "Even if the two have divorced, the debts that both husbands and wives need to bear cannot be transferred.
Wang Rongmei, partner of Jingshi Law Firm, said that the couple's debt should be based on the nature of production and operation activities, the role of the husband and wife in it, and whether the results of the production and operation activities should be included in the specific situation of the husband and wife's common property.To determine whether it belongs to the joint debt of the husband and wife.If Xu Jiayin's debt is determined to belong to the joint debt of the husband and wife, the two cannot achieve the purpose of isolation of debt through divorce.
However, Lawyer Xiong Wuzheng, a partner of Shanghai Jintian City (Shenzhen) Law Firm, pointed out to the brokerage China that Evergrande's debt and Xu Jiayin's individual in some of them or statutory joint responsibilities isAccording to the existing judicial interpretation of the marriage law of the Civil Code, unless the creditors can prove that the debt is used for the joint life of the husband and wife, the joint production and operation of the husband and wife, or based on the consent of the husband and wife, it will not necessarily be identified as the joint debt of the husband and wife.
On October 16, 2019, the Hurun Research Institute released the 2019 Hurun Women's Entrepreneur List. Ding Yumei ranked 26th with a wealth of 17 billion yuan (RMB, the same below, about 3.2 billion yuan).
It is reported that Ding Yumei was born in an ordinary worker family in Anhui. After graduating from university, she was assigned to work at Wuyang Iron and Steel Company, Henan Province.In 1982, Xu Jiayin graduated from the Metallurgical Department of Wuhan Iron and Steel College (now Wuhan University of Science and Technology) and was then assigned to work in Henan Wuyang Iron and Steel Factory.In 1983, Xu Jiayin and Ding Yumei, who worked in Wu Gang, became a husband and wife.
Xu Jiayin has made a high evaluation of the marriage of Ding Yumei and the two, including saying that "she has a education and has her own career, but in order to take care of me, I gave up." "I owe her too much.For many years, we have quarreled but never really turned over the face. I dare not say that it is the company's first, but the relationship between our husband and wife does not praise, it has always been an example for Evergrande to learn. "
Behind the marital problem is enlarged
The reason why Xu Jiayin's marriage status has received the attention of the outside world is believed to be related to Evergrande's financial situation.
Evergrande Real Estate issued a report on August 10 stating that the company's total liabilities were 1.833 million yuan, total assets of 1.469 trillion yuan, and no debt was available.The fourth Evergrande company was in charge of debt.
Before that, Evergrande had issued three long -term financial reports on July 17, and disclosed that the Group's total liabilities as of the end of last year had reached 2.44 trillion yuan.According to Evergrande's 2021 report, half -annual report in 2022, and 2022 reports, the Group's net loss in 2021 was 686.2 billion yuan, and the net loss in 2022 was 125.8 billion yuan, with a total loss of 812 billion yuan in two years.This is the first two consecutive years since Evergrande's listing in 2009.
Since Evergrande has not announced its financial report, the Group's stock has been suspended from March 21 last year.If the stock has been suspended for 18 consecutive months, Evergrande will face the risk of delisting.
However, Evergrande is facing more difficult problems.Many media reports that Evergrande Real Estate issued a announcement issued by the Shanghai and Shenzhen Exchange stated that it received a notice from the China Securities Regulatory Commission on August 16. Because the company was suspected of information disclosure and violations, the China Securities Regulatory Commission decided to file a case against the company's case.Essence
Evergrande Real Estate said that it will actively cooperate with the investigation of the CSRC and strictly perform the information disclosure obligations in accordance with relevant requirements.
Evergrande is the microcosm of the weak property market in China
If the perspective is expanded, Evergrande is now facing all of them, but it is actually just one of the representation of the fatigue of the Chinese property market.
The Broadcasting Corporation Chinese website reported that in the first three weeks of July, the sales volume of new houses in 30 major cities in China fell by 32%year -on -year.
Previously, the data supplier of the mellow data showed that the sales of new houses in 30 major cities in China in May this year have fallen to 2About 77%of the level in 019.
But compared to the sales volume of new houses, people's intuitive feelings about the deserted real estate industry can also be observed from house prices.
According to Times Finance reported on August 16, the newly -built case sold by Changshi Group, a wealthy businessman Li Jiacheng in Hong Kong, reduced prices in Beijing.It is reported that all parties were originally estimated to be the construction of this case called Yucui Garden at least 100,000 to 110,000 yuan per square meter.
However, from the perspective of the latest approval price of the project, this batch of certificates of evidence collection houses has a total of nine buildings and 473 suits.From the perspective of the buildings, the price of the approval of the nine buildings is between 90672 and 99,744 yuan per square meter; in terms of the product, the average price of the overall flat floor products is about 98,000 yuan per square meter, and the town villas per square meterThe price is about 91,000 yuan.In other words, this price is about 10 % lower than the original estimate.
According to the Wall Street Journal, China's new house sales have increased in early 2023, which once brought hope to people, thinking that the worst stages of the property market have passed.However, the market has reversed in April, and the national sales of Chinese head developers have declined since then.The recent problems of real estate giant Country Garden are likely to make potential buyers discouraged and further delay the recovery of the real estate market.
Country Garden acknowledged the problem of liquidity last week, and said that huge losses were expected to occur in the first half of the year.Some economists predict that if Country Garden breachs contract, the impact on the Chinese economy may exceed the slow impact of the debt crisis that Evergrande began in 2021.
In general, the financial report released by Evergrande last month showed that the loss of the group in 2022 was significantly narrowed, but whether this means that Evergrande can smoothly get out of the debt crisis, it remains to be verified.Especially now that China's economic growth has slowed down, people's willingness to buy a house has been reduced a lot. Even if the house is for Chinese society, it has a profound significance.
As for Xu Jiayin's personal marriage, the outside world cannot know the details. However, it is believed that for many people, whether Xu Jiayin can lead Evergrande to get out of the crisis is the subject that they really care about.
