Liu Luanxiong, the richest man in Hong Kong, cut the meat for Evergrande urgently. What information did this move reveal?

It can be seen from this incident that Evergrande faces many problems. The problem of Evergrande is more serious than what we have seen. Now that many rich people have sold their shares in Evergrande, Evergrande is likely to go bankrupt. It is difficult for Evergrande to overcome this difficulty this time. These rich people have abandoned Evergrande.

When encountering difficulties, whether Evergrande's "friends circle" will continue to help or stop loss in time becomes a problem. Liu Luanxiong and his wife, Hong Kong-funded bosses who also actively supported Evergrande's auto financing in June 5438+10, have now reduced their shares in Evergrande in the face of the crisis it encountered.

Noble people in Xu Jiayin: As early as around 2007 in Liu Luanxiong, Evergrande Real Estate introduced overseas loans due to large-scale land hoarding and high leverage, and its debt ratio remained high. In the same period, due to the impact of the subprime mortgage crisis in the United States, only four of the 37 projects that Evergrande expanded in 2008 could be sold at the beginning. The funds can't be repaid quickly, which leads to the fund gap of Evergrande Real Estate reaching tens of billions. It was also at this time that Xu Jiayin met Liu Luanxiong, a Hong Kong billionaire.

Liu Luanxiong is a member of Hong Kong's "Big D Club", which is made up of many Hong Kong tycoons who love playing cards. However, the business world is volatile. Members of the "Big D Club" often come in and out, but three of them are unshakable elders. They are Zheng Yutong, the "chief helmsman" of one of the "four big families in Hong Kong", Yang Shoucheng, the founder of Emperor Entertainment, and China property buyers.

In 2008, Xu Jiayin, who was looking for money everywhere, was recommended by Zhang Songqiao, the richest man in Chongqing, to join the "Big D Club". When domestic Evergrande employees are worried that the company will go bankrupt at any time or get busy looking for a new home, Xu Jiayin travels to and from Hong Kong several times a week, having dinner, playing cards with Zheng Yutong, Liu Luanxiong, Yang Shoucheng and Zhang Songqiao, and even helping Zheng Yutong hoe the ground. Sometimes several people play all night.

Just when Xu Jiayin was about to fail, "Chief Helmsman" Zheng Yutong made a move. Zheng Yutong's family joined forces with Kuwait Investment Authority, Deutsche Bank, Merrill Lynch and other investment companies to inject 506 million US dollars into Evergrande, and Chinese real estate in Liu Luanxiong also participated as the cornerstone investor of Evergrande.

In May 438+065438+2009 10, Evergrande was successfully listed on the Hong Kong Stock Exchange, and all members of "Club D" were present to celebrate. Since then, as a "close friend" of Xu Jiayin, Liu Luanxiong has participated in Evergrande's investment for many times, including twice subscribing for corporate bonds issued by Evergrande, with a scale of 750 million US dollars.

According to Evergrande's 2020 Annual Report, China property buyers and Liu Luanxiong family members hold 8.86% of the shares of China Evergrande, which is the second largest shareholder of Evergrande after Xu Jiayin.

Liu Luanxiong withdrew its capital overnight. For many years, the operating income of Liu Luanxiong's China Real Estate mainly depends on the share dividends of China Evergrande. According to the performance data released by Chinese Real Estate, in 2020, the dividend amount paid by Evergrande to Chinese Real Estate was HK$ 654.38+96.8 million, accounting for 64.7% of the total annual income of Chinese Real Estate.

At one time, Liu Luanxiong was a "noble person" in Xu Jiayin. At this time, Xu Jiayin has become a "noble" in Liu Luanxiong. However, the intimate relationship between them basically came to an end. With the collapse of Evergrande stock 202 1, Liu Luanxiong and Xu Jiayin began to go their separate ways.

From 2020 to the beginning of 20021,at the invitation of Xu Jiayin, the Liu Luanxiong family successively injected capital into Evergrande. For example, in July 2020, it invested HK$ 4.5 billion in Evergrande Real Estate and HK$ 3 billion in Evergrande Automobile in 10.

It suddenly dawned on me that from the beginning of the year to now, the share price of China Evergrande has dropped from the highest 14.6 yuan/share to the lowest 2.2 yuan/share, with a drop of 84.93%. Evergrande Real Estate dropped from the highest 19.74 yuan/share to the lowest 3.93 yuan/share, a decrease of 80%; Evergrande even dropped from 72.45 yuan/share to the lowest 3 yuan/share, with a drop of 95.85%.

When Xu Jiayin's wife and Evergrande executives cashed in privately some time ago, leaving 654.38 million+investors indifferent, Liu Luanxiong understood that you care about other people's dividends and others care about your principal.

So from the end of August, the Liu Luanxiong family reduced their holdings of China Evergrande shares twice, the first time was 6,365,438+2,000 shares, and the second time was 24,436,000 shares, and the accumulated cash was11600,000 Hong Kong dollars. If there is a third time, Liu Luanxiong may have more cash.