Last night, Xu Jiayin said harshly： Do these points well, Hengda will definitely be able to pay off the debt!

Hengda, which has fallen into the crisis of the capital chain, held the "Pledge Conference of Guaranteed Building" under the leadership of Xu Jiayin in early September, but its delivery volume in September, October and November was less than 10,000 sets.

Now that there are still five days left in 2021, how is Evergrande’s "Baojiao Building" going?

On the evening of the 26th, the official account of Evergrande Group disclosed the latest situation.

Xu Jiayin said at the weekly meeting of the resumption of work and production that night that all employees of the group, with the support and care of all sectors of society,After several months of hard work, the resumption of work and production to ensure the delivery of buildings has achieved initial results.

As of December 26, Hengda Group’s national project resumption rate was 91.7%, an increase of 40% from the beginning of September; the number of people who resumed work 89,000, an increase of 31% from September.

Source: Hengda Group official account

However, Xu Jiayin said that Evergrande’s goal is not to resume work and production, but to ensure quality assurance and hand over buildings to owners. The next stage of the group’s goal is to continue to increase the number of people who resume work to improve efficiency. "In December, the group has 115 projects scheduled to be delivered. There are still five days left in this month. We must sprint to ensure that we complete the goal of handing over 39,000 buildings this month."

Evergrande also revealed a message, saying that more than 80% of the main bodies and decoration units have resumed cooperation with Evergrande, and long-term cooperative material suppliers have also resumed supply, which has played a key role in the final hardcover project of "Baojiao Building".

Xu Jiayin also emphasized one point at the meeting.That is, "no one at Evergrande will be allowed to lie down. As long as we resume work and production at all costs and do a good job in engineering construction, we will definitely be able to deliver the house to the owner, and we will definitely be able to resume sales, resume operations, and pay off debts."

Source: Hengda Group official account

On the evening of the 22nd, China Evergrande announced that in response to the risks currently facing the group, the China Evergrande Group Risk Resolution Committee is mobilizing extensive resources and will actively maintain communication with creditors to resolve group risks and safeguard the legitimate rights and interests of all parties.

On the 24th, according to the Hong Kong Stock Exchange document, Hui Jiayin’s shareholding ratio in Evergrande Property fell from 60.96% to 58.18%, involving 300 million shares. The reason for the disclosure is that "the relevant parties have taken steps to enforce the guarantee interest in the shares against you or the right to hold the shares as security".

Prior to December 6, December 7, December 8, December 9, Xu Jiayin continued to be forced to sell China Evergrande 106 million shares, 120 million shares, 51.88 million shares and 7000 shares, a total of about 277.80 million shares, eventually Xu Jiayin in China Evergrande shareholding ratio fell from 61.88% to 59.78%.

On December 3, Evergrande issued an announcement announcing that a company was unable to meet its obligation to repay a $260 million private debt, a move that could lead to an accelerated maturity of the debt.

That evening, the Guangdong provincial government interviewed Xu Jiayin and, at the request of Hengda Real Estate Group, agreed to send a working group to Hengda Real Estate to effectively defuse risks and protect the interests of all parties.

One of the group’s main tasks at present is to ensure delivery, ensuring that more than 700 projects across the country can maintain normal operation and avoid unfinished business.