China Evergrande Group confirmed on Thursday (September 28) that Xu Jiayin, executive director and chairman of the board of directors, had been taken for mandatory measures for suspected illegal crimes.
Evergrande said in an announcement published on the official website of the Hong Kong Stock Exchange: "The company received a notice from relevant departments that the company's executive director and chairman of the board of directors Mr. Xu Jiayin had been taken for compulsory measures for suspected illegal crimes."
Evergrande also said that the company's shares start from 9 am on Thursday at 9 am to stop buying and selling at the Hong Kong Stock Exchange, and will continue to suspend trading until they will notify them.
Bloomberg News reported on Wednesday (27th) quoted by sources that Xu Jiayin had been taken away by the police this month and was monitored and lived.
Huaxia Times quoted sources on the same day that the group had not appeared in the recent two regular meetings, and once Xu Jiayin did not show up, and another regular meeting that should have been hosted by Xu Jiayin, Xu Jiayin himself did not appear.
Sources said that the Xu family's printed voice was on September 13, when they spoke in the group at the time, asking various places to urge to solve the issue of project restrictions.
Sources also said that Xia Haijun, the former CEO of Evergrande Group, and Pan Darong, the former chief financial management, were detained by the Chinese official, but Evergrande said to Huaxia Times "unclear."
The official Weibo of "Observer Network" also reported that people who are close to Evergrande confirmed the information that Xu Jiayin was taken away by the police and said that "things happened a few days ago."It is reported that Xujiayin was designated to be monitored to live in a place in Beijing.This Weibo did not exist shortly.
After the announcement of Evergrande's announcement, the 21st Century Business Herald quoted criminal legal experts that according to the announcement of Evergrande Group, the company should receive an exact notice, and the qualitative of the notification of Xu Jiayin was "suspected of illegal crimes", and and and and and and also, and alsoCeremony was taken."According to common sense, in the case of notifications of relevant departments, the compulsory measures taken are likely to be different from the" surveillance living "misunderstood by overseas media before."
The criminal legal expert also said that in the context of the CSRC's investigation of Evergrande Real Estate's investigation and public security department on criminal compulsory measures against criminals such as Evergrande Fortune Du, Xu Jiayin should be suspected of illegal crimes.It will not be unexpected by too many people. What is the previous attention of public opinion is "when" to take action.Judging from the current public information, the problems he involved are likely to be related to multiple crimes. It is very complicated. It may take a considerable period of time to clarify.
Report also quoted a senior observer in the field of corporate governance that Xu Jiayin publicly announced in 2021 that "do not lie down alone" and "I can have nothing".In fact, Xu Jiayin and the company said that they were doing one set, trying to "lie down" everywhere, throwing the burdens that resolve various problems and contradictions to the society, and left a messy stall that was difficult to clean up. From this perspective, public opinion was aboutIt is no exaggeration to verbal.
The observer also said that in this cusp of the stress of all parties, Xu Jiayin shouted the slogan to deceive the creditors, but had a "silent technical divorce" with Ding Yumei.As Evergrande Group arranged the agreement on Hong Kong through the "Little Red Chips" architecture, "Evergrande Group's more than 9 billion of the more than 9 billion dividends before, Xu Jiayin and Ding Yumei were 100%controlled by the British Virgin Islands and the Cayman Islands, respectively.The offshore company got most of the dividends through Evergrande China and moved to the abroad before and after the risk, and the operation of the 'technical divorce' finally fell into the 'overseas ex -wife' Ding Yumei's pocket. "
Report also quoted a senior partner of a CBRCC that is familiar with cross -border reorganization, saying that at present, the overseas debt reorganization of Evergrande Group may be facing major variables because of Xu Jiayin and some executives suspected of illegal crimes."But whether it is domestic or overseas, the reorganization is successful or liquidated. I believe that there are sufficient legal ways to provide domestic and foreign creditors to protect their rights and interests, pursue the responsibilities of Xu Jiayin and others. At the same timeIllegal crimes and follow -up tracers, account for their responsibility in accordance with the law. "
