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On July 30, Langfang Development Co.
, Ltd.
issued an announcement stating that the company's shares held by Evergrande were frozen
.
As of the announcement date, Evergrande Group holds 20% of Langfang Development's shares.
All of them have been frozen this time.
The freezing period will be from July 29, 2021 to July 28, 2024
.
Based on the closing price of Langfang Development on the day, the value of this part of the equity is about 347 million yuan
.
In fact, Evergrande has been involved in disputes since the beginning of this year for a long time to come
.
Evergrande Real Estate’s rating drops.
Evergrande’s rating drops .
Commercial votes exceeding 200 billion are difficult to exchange.
Commercial votes exceeding 200 billion are difficult to exchange.
The latest statistics show that Evergrande Real Estate’s commercial votes are as high as 205.
267 billion yuan, equivalent to China Resources, Greenland, Sunac, etc.
With a total of more than ten real estate companies, China Resources ranked second with only 27.
4 billion yuan
.
This paved the way for Evergrande's successive thunderstorms
.
In March 2020, Evergrande announced the implementation of the development strategy of "high growth, scale control, and debt reduction"
.
Xu Jiayin said at the performance meeting that Evergrande’s interest-bearing liabilities would fall by 150 billion yuan each year, and that it would drop by 450 billion yuan in the next three years
.
Evergrande has previously reduced its debt by selling houses at discounted prices
.
Compared with the peak of more than 870 billion yuan last year, Evergrande has dropped by about 300 billion yuan .
The so-called commercial bills play two roles in the real estate circle.
One is a payment tool, and the other is an invisible financing method.
On the one hand, real estate companies use commercial bills to pay for construction and materials, helping themselves to carry out upstream and downstream capital turnover.
On the other hand, under the control of the three red lines, commercial bills have become a way for real estate companies to open an IOU in exchange for interest-free funds
.
With the gradual passage of time, commercial votes have accumulated more and more, and Evergrande has been reluctant to honor commercial votes
.
In fact, as early as August last year, someone asked about the exchange of commercial bills, but Evergrande avoided discussing the issue of whether the redemption of commercial bills was postponed
.
Recently, some people in the industry said that the headquarters of Evergrande Group has agreed with the provincial branches and creditors to formulate a "house payment" plan, with a discount of 60 to 20%.
For housing that can be used to pay debts, you can apply for online signing.
To solve the problem of commercial invoices
.
The news comes from Evergrande suppliers and construction partners of central enterprises
.
On August 3, the rating agency Moody's downgraded Evergrande’s rating for the second time, downgrading the credit ratings of China Evergrande and its subsidiaries Evergrande Real Estate and Tianji Holdings from B2 to Caa1, and the outlook was negative.
Reduced from B3 to Caa2
.
Moody's pointed out that although Evergrande has a nationwide geographic coverage, strong sales execution and low-cost land reserves
.
However, the rating takes into account the company's large amount of maturing debt, a high proportion of trust loans and moderate credit indicators in the next 12 to 18 months
.
Hengda's continuous thunderstorms Hengda's more than a dozen paint companies have been affected.
More than a dozen paint companies have been affected.
From China Guangfa Bank's application for property preservation to freeze Evergrande's assets of 132 million, to the suspension of online signing of two projects of Evergrande Group in Shaoyang, Hunan.
Then, the Evergrande department plummeted across the board, Xu Jiayin's worth shrank by US$2.
1 billion, and the frequent thunderstorms of Evergrande also made many suppliers restless
.
It is understood that Sankeshu, Nippon, Meitus, Yashi Paint, etc.
in the coating category, and Oriental Yuhong and Keshun shares in the waterproof material category have been shortlisted for the list of excellent suppliers of materials and equipment for Evergrande Group
.
1.
Three Trees: Won the Excellent Supplier Award for the tenth consecutive year and the Quality Award for two consecutive years
.
In March 2017, Three Trees and Guangzhou Evergrande Material Equipment Co.
, Ltd.
, a subsidiary of Evergrande Group, signed a "Strategic Cooperation Framework Agreement" in Guangzhou in writing, stipulating that Evergrande Materials intends to purchase Three Trees from 2017 to 2021.
The total amount of architectural coating products is about 2 billion yuan
.
Three Trees said that as of the end of March 2021, the company's overdue bills receivable totaled 53.
6372 million yuan
.
Among them, China Evergrande’s overdue bills amounted to 51.
370,600 yuan.
As of May 31, 2021, the repayment amount was 2.
2512 million yuan.
China Evergrande’s overdue bills accounted for 95.
77% of its total overdue bills
.
2.
Oriental Yuhong: In May 2017, Beijing Oriental Yuhong Waterproof Technology Co.
, Ltd.
and Evergrande Group formally signed a cooperation agreement, and was awarded the honorary title of "2017 Excellent Supplier"
.
3.
Nippon Paint: Since 2011, Nippon Paint and Evergrande Group have formally reached a strategic cooperation.
In March 2017, Nippon Engineering and Evergrande Group signed a core strategic cooperation agreement
.
4.
Keshun shares: According to the interactive platform, there has been very little cooperation with Evergrande Real Estate in the past two years; no supply to Evergrande in 2020; Evergrande accounts receivable is small, mainly due to the part of the warranty for the previous supply
.
5, Karen shares: with Evergrande, Country Garden real estate, financial innovation in China, Jinke real estate and other real estate developers to establish a long-term strategic partnership
.
6.
Goke Energy Conservation: At present, Goke Energy Conservation and Evergrande are involved in two projects, namely: 1.
Ganzhou Evergrande Yuefu, Ganzhou Evergrande Yuelongtai, and the client is Ganzhou Guangyue Construction Engineering Co.
, Ltd.
, at the end of 2020 The balance of accounts receivable is 10,014,300 yuan, and the payment is 2 million yuan after the period; 2.
Hancheng Evergrande Yujing Peninsula, the customer is Hancheng Evergrande Real Estate Co.
, Ltd.
, the balance of accounts receivable at the end of 2020 is 2,406,500 yuan, and the payment is 552,100 after the period.
Yuan
.
(Statistics on the amount of payment after the period are as of May 31, 2021)
7.
Meitus: In June 2017, Guangdong Meitus Building Material Co.
, Ltd.
and Guangzhou Evergrande Material Equipment Co.
, Ltd.
, a subsidiary of Evergrande Group, signed a strategy The cooperation framework agreement, the agreement stipulates that Evergrande Materials promises to purchase paints of not less than 500 million yuan from the company during 2017-2019, and the intention to purchase paints for 2017-2021 is about 1 billion yuan
.
8.
Jiabaoli: Cooperate with more than 360 real estate developers across the country, including Vanke, Country Garden, Evergrande, and Sunac
.
9.
Asia Paint: It has been recognized by more than 90 core customers such as Vanke, Evergrande, Sunac, Greenland Group, China Overseas Real Estate, and Poly Real Estate
.
10.
Valspar-China Resources Paint: It has established cooperative relations with real estate developers such as Country Garden, Evergrande, Greenland Holdings, Poly Real Estate, and China Fortune Land Development
.
11.
Bardez: It has established cooperative relations with hundreds of real estate developers such as Evergrande, Sunac, R&F, Jinke, and Rongsheng
.
12, Chin-chen new material: the Evergrande, Country Garden real estate, financial innovation in China, Jinke real estate and other real estate developers to establish a long-term strategic partnership
.
13.
First: Cooperate with Vanke, Evergrande, Greenland, Poly, China Shipping and other top 500 real estate development companies
.
It is reported that there are currently more than 8,000 upstream and downstream cooperative enterprises of Evergrande.
Coating companies such as Oriental Yuhong, Sankeshu, Nippon, Carbol, China Resources Coatings, Meitus, and Asia Chuangneng are the suppliers of Evergrande.
The relationship is close.
Once Evergrande’s cash flow breaks, it will inevitably affect Tu Qi’s payment
.
Looking back, the real estate industry has been in recession in recent years, and the hidden risks of commercial redemption have become increasingly prominent
.
Once the commercial ticket is not honored, the supplier does not supply, and the construction party does not construct, then there is a risk of unfinished real estate, and the final loser is the consumer who spends money to buy the house
.
Regarding this issue, it is worthy of attention by all suppliers and enterprises
.
Disclaimer The content of this article is comprehensively sourced from Evergrande Real Estate, Langfang Development, Sina Finance, etc.
, edited by Ai Tubang.
Please indicate the source for reprinting
.
If it involves the content of the work, copyright and other issues, please contact this official account in time, we will delete the content as soon as possible!
, Ltd.
issued an announcement stating that the company's shares held by Evergrande were frozen
.
As of the announcement date, Evergrande Group holds 20% of Langfang Development's shares.
All of them have been frozen this time.
The freezing period will be from July 29, 2021 to July 28, 2024
.
Based on the closing price of Langfang Development on the day, the value of this part of the equity is about 347 million yuan
.
In fact, Evergrande has been involved in disputes since the beginning of this year for a long time to come
.
Evergrande Real Estate’s rating drops.
Evergrande’s rating drops .
Commercial votes exceeding 200 billion are difficult to exchange.
Commercial votes exceeding 200 billion are difficult to exchange.
The latest statistics show that Evergrande Real Estate’s commercial votes are as high as 205.
267 billion yuan, equivalent to China Resources, Greenland, Sunac, etc.
With a total of more than ten real estate companies, China Resources ranked second with only 27.
4 billion yuan
.
This paved the way for Evergrande's successive thunderstorms
.
In March 2020, Evergrande announced the implementation of the development strategy of "high growth, scale control, and debt reduction"
.
Xu Jiayin said at the performance meeting that Evergrande’s interest-bearing liabilities would fall by 150 billion yuan each year, and that it would drop by 450 billion yuan in the next three years
.
Evergrande has previously reduced its debt by selling houses at discounted prices
.
Compared with the peak of more than 870 billion yuan last year, Evergrande has dropped by about 300 billion yuan .
The so-called commercial bills play two roles in the real estate circle.
One is a payment tool, and the other is an invisible financing method.
On the one hand, real estate companies use commercial bills to pay for construction and materials, helping themselves to carry out upstream and downstream capital turnover.
On the other hand, under the control of the three red lines, commercial bills have become a way for real estate companies to open an IOU in exchange for interest-free funds
.
With the gradual passage of time, commercial votes have accumulated more and more, and Evergrande has been reluctant to honor commercial votes
.
In fact, as early as August last year, someone asked about the exchange of commercial bills, but Evergrande avoided discussing the issue of whether the redemption of commercial bills was postponed
.
Recently, some people in the industry said that the headquarters of Evergrande Group has agreed with the provincial branches and creditors to formulate a "house payment" plan, with a discount of 60 to 20%.
For housing that can be used to pay debts, you can apply for online signing.
To solve the problem of commercial invoices
.
The news comes from Evergrande suppliers and construction partners of central enterprises
.
On August 3, the rating agency Moody's downgraded Evergrande’s rating for the second time, downgrading the credit ratings of China Evergrande and its subsidiaries Evergrande Real Estate and Tianji Holdings from B2 to Caa1, and the outlook was negative.
Reduced from B3 to Caa2
.
Moody's pointed out that although Evergrande has a nationwide geographic coverage, strong sales execution and low-cost land reserves
.
However, the rating takes into account the company's large amount of maturing debt, a high proportion of trust loans and moderate credit indicators in the next 12 to 18 months
.
Hengda's continuous thunderstorms Hengda's more than a dozen paint companies have been affected.
More than a dozen paint companies have been affected.
From China Guangfa Bank's application for property preservation to freeze Evergrande's assets of 132 million, to the suspension of online signing of two projects of Evergrande Group in Shaoyang, Hunan.
Then, the Evergrande department plummeted across the board, Xu Jiayin's worth shrank by US$2.
1 billion, and the frequent thunderstorms of Evergrande also made many suppliers restless
.
It is understood that Sankeshu, Nippon, Meitus, Yashi Paint, etc.
in the coating category, and Oriental Yuhong and Keshun shares in the waterproof material category have been shortlisted for the list of excellent suppliers of materials and equipment for Evergrande Group
.
1.
Three Trees: Won the Excellent Supplier Award for the tenth consecutive year and the Quality Award for two consecutive years
.
In March 2017, Three Trees and Guangzhou Evergrande Material Equipment Co.
, Ltd.
, a subsidiary of Evergrande Group, signed a "Strategic Cooperation Framework Agreement" in Guangzhou in writing, stipulating that Evergrande Materials intends to purchase Three Trees from 2017 to 2021.
The total amount of architectural coating products is about 2 billion yuan
.
Three Trees said that as of the end of March 2021, the company's overdue bills receivable totaled 53.
6372 million yuan
.
Among them, China Evergrande’s overdue bills amounted to 51.
370,600 yuan.
As of May 31, 2021, the repayment amount was 2.
2512 million yuan.
China Evergrande’s overdue bills accounted for 95.
77% of its total overdue bills
.
2.
Oriental Yuhong: In May 2017, Beijing Oriental Yuhong Waterproof Technology Co.
, Ltd.
and Evergrande Group formally signed a cooperation agreement, and was awarded the honorary title of "2017 Excellent Supplier"
.
3.
Nippon Paint: Since 2011, Nippon Paint and Evergrande Group have formally reached a strategic cooperation.
In March 2017, Nippon Engineering and Evergrande Group signed a core strategic cooperation agreement
.
4.
Keshun shares: According to the interactive platform, there has been very little cooperation with Evergrande Real Estate in the past two years; no supply to Evergrande in 2020; Evergrande accounts receivable is small, mainly due to the part of the warranty for the previous supply
.
5, Karen shares: with Evergrande, Country Garden real estate, financial innovation in China, Jinke real estate and other real estate developers to establish a long-term strategic partnership
.
6.
Goke Energy Conservation: At present, Goke Energy Conservation and Evergrande are involved in two projects, namely: 1.
Ganzhou Evergrande Yuefu, Ganzhou Evergrande Yuelongtai, and the client is Ganzhou Guangyue Construction Engineering Co.
, Ltd.
, at the end of 2020 The balance of accounts receivable is 10,014,300 yuan, and the payment is 2 million yuan after the period; 2.
Hancheng Evergrande Yujing Peninsula, the customer is Hancheng Evergrande Real Estate Co.
, Ltd.
, the balance of accounts receivable at the end of 2020 is 2,406,500 yuan, and the payment is 552,100 after the period.
Yuan
.
(Statistics on the amount of payment after the period are as of May 31, 2021)
7.
Meitus: In June 2017, Guangdong Meitus Building Material Co.
, Ltd.
and Guangzhou Evergrande Material Equipment Co.
, Ltd.
, a subsidiary of Evergrande Group, signed a strategy The cooperation framework agreement, the agreement stipulates that Evergrande Materials promises to purchase paints of not less than 500 million yuan from the company during 2017-2019, and the intention to purchase paints for 2017-2021 is about 1 billion yuan
.
8.
Jiabaoli: Cooperate with more than 360 real estate developers across the country, including Vanke, Country Garden, Evergrande, and Sunac
.
9.
Asia Paint: It has been recognized by more than 90 core customers such as Vanke, Evergrande, Sunac, Greenland Group, China Overseas Real Estate, and Poly Real Estate
.
10.
Valspar-China Resources Paint: It has established cooperative relations with real estate developers such as Country Garden, Evergrande, Greenland Holdings, Poly Real Estate, and China Fortune Land Development
.
11.
Bardez: It has established cooperative relations with hundreds of real estate developers such as Evergrande, Sunac, R&F, Jinke, and Rongsheng
.
12, Chin-chen new material: the Evergrande, Country Garden real estate, financial innovation in China, Jinke real estate and other real estate developers to establish a long-term strategic partnership
.
13.
First: Cooperate with Vanke, Evergrande, Greenland, Poly, China Shipping and other top 500 real estate development companies
.
It is reported that there are currently more than 8,000 upstream and downstream cooperative enterprises of Evergrande.
Coating companies such as Oriental Yuhong, Sankeshu, Nippon, Carbol, China Resources Coatings, Meitus, and Asia Chuangneng are the suppliers of Evergrande.
The relationship is close.
Once Evergrande’s cash flow breaks, it will inevitably affect Tu Qi’s payment
.
Looking back, the real estate industry has been in recession in recent years, and the hidden risks of commercial redemption have become increasingly prominent
.
Once the commercial ticket is not honored, the supplier does not supply, and the construction party does not construct, then there is a risk of unfinished real estate, and the final loser is the consumer who spends money to buy the house
.
Regarding this issue, it is worthy of attention by all suppliers and enterprises
.
Disclaimer The content of this article is comprehensively sourced from Evergrande Real Estate, Langfang Development, Sina Finance, etc.
, edited by Ai Tubang.
Please indicate the source for reprinting
.
If it involves the content of the work, copyright and other issues, please contact this official account in time, we will delete the content as soon as possible!
