In the afternoon, the father and daughter of Country Garden runway?

After the official announcement of the Chinese real estate giant Evergrande, Xu Jiayin, the founder of the Chinese Real Estate Giant Evergrande, after being adopted by official announcements on the Mid -Autumn Festival, the lives of Chinese real estate brothers are getting worse.

As another real estate giant, which is also in a financial dilemma, was faced with an overseas breach of contract for the first time. The news of the founder Yang Guoqiang and his daughter Yang Huiyan ran the way.

Country Garden Three Rumors

Country Garden issued a post twice within six days, showing Yang Guoqiang's working status in the Country Garden project, trying to eliminate market rumors, but the results were very small.

Country Garden's official WeChat WeChat on Wednesday (18th) said that Cao Jianglin, chairman of China Agricultural Development Group Co., Ltd., visited Country Garden Headquarters on the 17th and communicated with Yang Guoqiang.

The article is also equipped with a number of photos of Yang Guoqiang received Cao Jianglin at the scene to prove that Yang Guoqiang is still in mainland China.

Country Garden last Friday (October 13) also published an article in the public account, saying that Yang Guoqiang and president Mo Bin went to a project in Shunde, Guangdong on October 11.

A 20 -second live video in this press release shows that Yang Guoqiang wearing a suit wearing a red helmet is talking to the workers next to him.

This is the second time that Yang Guoqiang's retirement of "Paying Baseball" to her daughter Yang Huiyan has appeared for the second time since she retired in March this year. It is also the first appearance after Country Garden's crisis of breach of contract in August this year.

Chinese media believes that Yang Guoqiang's "rare public appearance", "seems to respond to market rumors and stabilize the company's situation."

On the same day, Country Garden also released two messages.

Surging News quoted a insider of Country Garden on the same day, saying that the Yang family recently provided Bigui Garden with a notice of $ 300 million (S $ 410 million) to support the company's funding support.

Financial Association also quoted people familiar with the matter to confirm that the Yang family is still selling private planes for debt.

However, the rumors of Yang's father and daughter did not stop.Country Garden issued a statement directly on Thursday (October 19), stating that the rumors were not true, emphasizing that Yang Guoqiang and the chairman of the board of directors of the group, Yang Huiyan, currently work in China, and "retain the right to hold the responsibility for malicious rumors."

Similar trajectories of Country Garden and Evergrande

Although Country Garden has published documents, soft and hard to show its strength and sincerity, the keen market will not listen to what Country Garden has said, but to see what Country Garden has done, and then discovered that Country Garden's series of operations in the past six months, and the original constant HengxinThere are amazing similar trajectories.

Li Yangjiang, president of Country Garden Service (Property), announced his resignation on October 10, on the grounds that "more time to invest in family, children's education and personal affairs."Three months ago, the veteran who worked in Country Garden for 12 years reduced holdings of HK $ 28 million (about S $ 4.91 million).

Coincidentally, Evergrande's Second Shop and then Vice Chairman of Evergrande Xia Haijun sold 10 million shares of Evergrande Property and 3 million Evergrande Motors from July to August 2021, cash out 116 million Hong Kong dollars, and HengBefore the official default of the big debt, the Evergrande US dollar bonds held several times, which cash out 360 million yuan.

The so -called "Spring River Water Warm Duck Prophet", whether the company is running normally, the core management is the most clear, and "high -level cash" has become a main indicator before the company's mines.

In addition, public sale of assets has also become a regular operation in the process of self -rescue of real estate agents.On August 25 this year, Country Garden was sold to another Chinese real estate agent Zhonghai at the shareholding of the Guangzhou Asian Games City project, known as the "Guangzhou Real Estate Sales Crown" at a total cost of about 1.291.5 billion yuan.

Evergrande also sold some property units in 2021 to deduct some of the arrears, and also sold five real estate project equity and equity of Evergrande Bingquan.

In addition, Country Garden Service issued an announcement on July 30 that Yang Huiyan, who was in charge of Country Garden for only four months, donated 20%(about 675 million shares) under her name to the Country Garden service equity to the Guoqiang Public Welfare Foundation (Hong Kong), For the development of charity public welfare.This donation corresponds to HK $ 64.43 billion.

Data show that the Guoqiang Foundation (Hong Kong) was established in June this year. The founder is Yang Huiyan Yang Ziying, and Yang Huiyan's husband Chen Yan is the chairman and legal representative of this foundation.

This move is suspected of being isolated by the outside world, and it also associates with Xu Jiayin's "technical divorce" and set up funds for his son.

An announcement released by Evergrande this year revealed that Xu Jiayin's wife Ding Yumei was called "the third party independent of the company and its affiliates".Asset transfer.

Before Xu Jiayin was taken away, it was reported that his son had obtained a single family trust fund of up to 2.3 billion yuan before he declared bankruptcy in Evergrande."" ".

Country Garden's current situation

The 30 -day Bond of Country Garden's USD for 30 days ended on Wednesday (October 18), but the investor has not received a total of about 15.4 million US dollars.

Bloomberg analysis believes that Country Garden may have a substantial breach of contract.This means that the real estate giants at the top of China's real estate sales list for six consecutive years have risked deeper and deeper in this debt crisis.

Caixin.com quoted people close to Country Garden that the Chinese real estate market has been adjusted in depth, and Country Garden's sales continue to be under pressure, and it is difficult to continue to fulfill their payment obligations.

Sources also said that if the bond constituted a breach of contract, it may cause other overseas bonds to cross the breach of contract.

Country Garden, which had been relatively healthy before, had not paid the two dollar bonds on August 7 this year, which sounded the first alarm of the crisis of breach of contract.Two bonds were listed on the Singapore Exchange, with a scale of $ 500 million.

Country Garden announced the semi -annual report on August 10 after the announcement of the breach of contract. It is expected that the group's net loss is 45 billion yuan to 55 billion yuan.

The company issued an apology letter on August 11, publicly acknowledged that it had encountered "the biggest difficulty since its establishment". It was also announced that 11 bonds involving over 16 billion yuan were suspended on Monday and sought reorganization on Monday.

Country Garden issued an announcement on October 10, saying that the principal amount of 470 million Hong Kong dollars has not been paid under the debt item.The company also expects that it will not be able to perform the payment of all its overseas debt payments as scheduled or within the relevant width period. It has hired CICC and Hualieno as a consultant to officially launch the reorganization of overseas bonds.

However, a week later, the real estate giant was facing the first breach of contract.

Will Country Garden take the old road of Evergrande?

Country Garden, which was listed as a "demonstration housing company" by the Chinese regulatory agency, has been stiff all the way with a good financial situation in the past two years.The sluggish sales situation and the continuous worsening financing environment have made Country Garden stand hard.

Agence France -Presse pointed out that Country Garden's project under construction is four times that of Evergrande, and any collapse will have a catastrophic impact on China's financial system and overall economy.However, the Broadcasting Corporation (BBC) Chinese website quoted Anbang Think Tank in August this year that Country Garden has been in relatively cautious operation in the past few years, and strives to avoid stepping on the "three red lines", and its assets and liabilities are also healthier.Even in the end, it is not a "disorderly expansion", and the actual loss brought by financial institutions, buyers, suppliers, etc. will be far less than Evergrande.

Data show that Country Garden delivered nearly 700,000 houses last year. Since this year, Country Garden has completed more than half of the target of the insurance delivery building.

In addition, the development of multiple industries with Evergrande, involving complex situations such as financing to the public. Country Garden's problems are concentrated in housing sales.

But this is exactly the case. Country Garden's long -term heavy -duty land prices in the third and fourth -tier cities. Today, these places have become the most obvious downturn in the Chinese real estate market due to the weak population growth.factor.

After the Evergrande's Xu family's printing, the market is paying special attention to Country Garden, which is also starting in Guangdong?Will Yang's father and daughter become the second Indian of the Xu family?The answer may be announced soon.