Some people say that life is often a dream.
However, when a young man gnawing mold in the countryside of Henan, no matter how big his dream is, he will never expect that one day he will not only own his own private jet, but also offer his subordinates an annual salary of over 100 million yuan.
Today, when the screen was full of news that he "jumped off the building", I was still thinking: Since the shocking thunder broke out from Evergrande , the thrilling scene of choking with his head and bleeding from his seven orifices really appeared in his dream - Xu Jiayin ?
I don't believe it.
You underestimate Xu Jiayin's heart too much. This is a man who has broken up mountains and has only reached today when he crosses the river. His heart is bigger than you and I imagined.
Xu Jiayin attended the building guarantee meeting that night after being rumored to be "jumping off the building".
From the road to the top in 2014 to the end of 2020, the total assets have ranged from 510 billion yuan to 2.3 trillion yuan. Evergrande has entered the Fortune 500 world and Xu Jiayin has been on the list of richest people.
will be at the top, and will be able to see all the mountains. It's always so wonderful to reach the top. Although of the 2.3 trillion total assets, only 0.3 trillion is net assets and 2 trillion is liabilities, Xu Jiayin's trading ideas were initially capital thinking, not general industry thinking.
In the mind of capital, it is to become bigger - listing - financing - continue to grow bigger - relisting - refinancing The process of continuous cycle. As long as this cycle is not interrupted, after a few cycles, the small snowflakes at that time are already a huge snowball.
So, in Xu Jiayin's eyes, what are you afraid of Evergrande's 2 trillion yuan debt?
In October 2020, the failure of reorganizing Shenshenfang A was the beginning of this cycle being interrupted. Just imagine, if the regulators did not relax the major asset restructuring of listed real estate companies, but two years ago, once Evergrande reorganized Shenshen Real Estate A successfully, Evergrande will return to the A-share capital market , what will happen to Xu Jiayin today?
There is also unconfirmed news online that Evergrande creditors ask Xu Jiayin to use his personal property to inject at least US$2 billion into Evergrande as a condition for creditors to agree to the debt restructuring plan proposed by Evergrande.
Until today, Xu Jiayin's position in Evergrande is only the chairman of the board of directors of China Evergrande Group, not the legal representative of . If it weren't for his personal guarantee , the debt of China Evergrande has no legal relationship with him, at most, his equity in Evergrande was cleared.
Even if the pressure of his personal investment of 2 billion yuan is not unbearable. According to statistics, from 2010 to the first half of 2021, Evergrande 11 dividends , totaling 80.9 billion yuan. Xu Jiayin and his wife, as the largest shareholder, received a total of about 51.1 billion yuan. That is to say, he is still far from "jumping off the building".
In fact, Boss Xu was once a kind person. He was the White Knight of Vanke , and he was the benefactor of Wang Shi and Yu Liang .
html More than 06 years ago in August 2016, at the last moment of the Wanbao dispute, seeing that Vanke was about to become the treasure of Boss Yao of Baoneng, Xu Jiayin quickly appeared and sniped Baoneng. He increased his stake in Vanke shares to 14.07%, costing about 36.2 billion yuan.7 months later, in March 2017, Boss Xu entrusted the voting rights of his Vanke A shares to Shenzhen Railway Group , and cast a crucial vote for the Vanke management led by Wang Shiyuliang at the time.
At that time, Vanke's equity structure was: Baoneng Group held 25.4% of the shares, Shenzhen Railway 15.31% of the shares, Evergrande 14.07% of the shares, Vanke management held 7.12% of the shares, Anbang Insurance held 6.18% of the shares, and Liu Yuansheng held 1.21% of the shares.
It is precisely because of Evergrande's voting rights that Shenzhen Railway's voting rights can be exercised have increased significantly to 29.38%, exceeding the 25.4% of the Baoneng Group. If Boss Xu had chosen to form an alliance with Baoneng, Vanke might have been doomed.
In June 2017, Xu Jiayin transferred all Vanke shares to Shenzhen Railway Group for only 29.2 billion yuan. This price, compared with the price he bought Vanke shares, lost 7 billion yuan.
Therefore, Shenzhen Iron officially became Vanke's largest shareholder with 29.38% of shares, exceeding 25.4% of Baoneng. Subsequently, Baoneng announced its withdrawal and Vanke's equity war finally ended.
Today, Vanke has passed the tribulation safely, and Yu Liang is still the "No. 1 brother", but Boss Xu has fallen. Even if there are 10 Yu Liangs, it may be difficult to save him from the water and fire.
A person’s success certainly depends on his own struggle, but it must also take into account the historical process. It’s a pity that history has no if.
But no matter what, Evergrande is a sample, and Xu Jiayin is a sample, which will never be forgotten in the course of history.
What do you think of Xu Jiayin’s ending? Interactive discussions are welcome.
