Following the founder of the China Evergrande Group, Xu Jiayin, the police took coercive measures last September, another executive of the Evergrande Department was detained by the police.Evergrande Automobile announced that Liu Yongzhuo, executive director of the company, had been criminally detained in accordance with the law for suspected illegal crimes.
Evergrande Automobile issued an announcement on the Hong Kong Stock Exchange on Monday (January 8) that the company's shares stopped buying and selling shortly from 9 am on the same day, and the company was published in an announcement on inside information.Half a day after the suspension, Evergrande car officially disclosed the above news at noon, but the announcement did not mention more details of "suspected illegal crimes".
Affected by the news, Evergrande Automobile's stock price dived in a straight line after returning on Monday, with a maximum decline of more than 22%. Then the shock rebounded, the closing decline narrowed by 6.02%, and reported to HK $ 0.39 (S $ 0.067) per share.
Liu Yongzhuo, 42 years old, has worked in Evergrande for more than 20 years, and has received the attention of Xu Jiayin.Public information shows that Liu Yongzhuo has been in charge of Guangzhou Evergrande Taobao Football Club, Evergrande Cultural Industry Group, Evergrande Agriculture and Animal Husbandry Group, Evergrande Internet Finance Group, Evergrande High -tech Group and other businesses.Experience of big football.
Under the leadership of Liu Yongzhuo, Evergrande Football won the five consecutive championships and two AFC Champions League championships from 2010 to 2015. Therefore, he was regarded as the most successful professional manager in the Chinese football circle.
In recent years, Liu Yongzhuo focuses on Evergrande's automobile business. He has served as executive vice president of Evergrande Group, president of Evergrande Automobile and chairman of Evergrande New Energy Technology Group, and dean of the Vehicle Research Institute.Before being detained, according to Hengchi Automobile's WeChat account disclosure, Liu Yongzhuo attended the ceremony of delivery ceremony of Hengchi Automobile's big customers held in Tianjin on December 26 last year.
Evergrande Group announced in September last year that Xu Jiayin was taken for mandatory measures for suspected illegal crimes. Since then, many executives of Evergrande have been detained or taken away by investigations, including former chairman of Evergrande Real Estate Group.Pan Darong, former chief financial officer of Evergrande, Du Liang, general manager of Evergrande Wealth.
Evergrande's core personnel have been controlled one after another, showing that China's official is accelerating the problems brought by the problem of problem -saving real estate companies, and the crisis of the real estate industry is avoiding the spread of the real estate industry to a wider field.
Evergrande Group, which is deeply trapped in debt mud, is the world's most liability real estate developer. At present, the total liabilities at home and abroad exceed $ 300 billion (S $ 399.3 billion) .
Evergrande car established in 2019 has been highly hoped by Evergrande Group, and it has a variety of new energy models.The first production car Hengchi 5 was officially mass -produced in the Tianjin plant in 2022. However, due to insufficient funds, the factory suspended production last April and then resumed in May.
In August last year, Evergrande announced that it had won the first strategic investment of $ 500 million in a listed company, which has been held by the UAE National Sovereign Fund.At that time, it was regarded as the life -saving straw of Evergrande Automobile.
However, Evergrande Automobile announced on Monday (January 1) that the share subscription agreement and debt -to -equity transfer subscription agreement of the two parties was originally scheduled for December 31st last year, but the Newton Group did not agree to extend the deadline.It also means that the original subscription agreement is invalid, and the proposed strategic investment may break.
