In the face of various rumors, Xu Jiayin made a public appearance, which made the rumors break down.
At 7:00 on March 22, Evergrande new energy automobile group held a mobilization meeting to "achieve mass production of hengchi 5 in three months". Xu Jiayin, chairman of the board of directors of Evergrande group, showed up and proposed that the automobile group should work hard for three months and achieve mass production of hengchi 5 on June 22.
At the same time, at 9:00 on March 22, China Evergrande also held a global creditor teleconference. China Evergrande executive director Sean, non-executive director Liang Linlin and Chen Yong, member of China Evergrande risk resolution Committee, attended the meeting. At the meeting, it was revealed that Evergrande's work was advancing in an orderly manner towards the established goal and strive to "put forward the restructuring plan by the end of July".
Xu Jiayin appears at hengchi automobile mobilization meeting
3 on March 22, the Chinese reporter of the securities firm learned from Evergrande that at 7:00 that night, Evergrande new energy automobile group held a mobilization meeting to "achieve hengchi 5 mass production in three months". At the meeting, Xu Jiayin, chairman of the board of directors of Evergrande group, officially appeared
Xu Jiayin put forward a request at the conference: "the automobile group should work hard day and night for three months. On June 22, hengchi 5 mass production must be realized to lay a solid foundation for the healthy and sustainable development of Hengda automobile."
On March 8, the latest batch of catalogue of recommended models for the promotion and application of new energy vehicles released by the Ministry of industry and information technology recently listed hengchi brand pure electric multi-purpose passenger parking spaces produced by Hengda automobile, which also means that hengchi automobile has obtained all the "customs clearance approvals" in the production and sales links and can be officially sold to the public. It is expected to be officially listed as soon as the second quarter.
As the first model launched by Evergrande automobile, hengchi 5 is positioned as A-class SUV with a price of less than 200000 yuan. It is the lowest positioned and cheapest model among the nine models of hengchi automobile, benchmarking Audi Q3, BMW X1 and other models.
According to the reporter, recently, hengchi 5 is running on the road in many cities across the country, such as Guangzhou, Shenzhen, Changsha, Zhengzhou and Hangzhou. According to this, the market speculates that the car will be on sale soon.
It is reported that in order to welcome the listing of new cars, Evergrande automobile has made various preparations, including issuing advertisements for high salary auto sales consultants and investing 100 million yuan to establish hengchi New Energy Vehicle Sales Co., Ltd., covering new energy vehicle sales, online car Hailing business services, etc.
China Evergrande has said that it will gradually withdraw from real estate development in the future. In the future, new energy vehicles and related businesses will become the new focus of the company.
strive to put forward the restructuring plan before the end of July
At 9:00 on March 22, Evergrande group also held a global creditor teleconference, revealing some internal situations of Evergrande at present and in the future.
Among them, senior executives attending the meeting mainly included Xiao en, executive director of China Evergrande group, Liang Linlin, non-executive director, and Chen Yong, member of the risk management committee. Earlier, on January 26, China Evergrande also held a creditor teleconference.
China Evergrande executive director Sean and other executives introduced some recent work progress and said that they would strive to put forward the restructuring plan by the end of July this year. At present, they are actively studying the restructuring plan and communicating with creditors. Some of the key work are as follows:
1. In December last year, Evergrande completed the delivery of 37899 units in a single month. By the end of February this year, the resumption rate of non winter break projects had reached more than 80%. It was confirmed that more than 1700 construction units would continue to cooperate, accounting for more than 70% of all cooperation units. Since the beginning of this year, the steady state of the company's business has gradually emerged, and it will go all out to ensure the delivery of the building in the future.
The new batch of electric vehicles has passed the mass production announcement at the end of March and may, and is expected to be sold by hengchi.
3. In order to strengthen the communication with creditors, the company has contacted 89 creditors of overseas institutions and solicited opinions and opinions. In addition, the company's domestic debt is generally stable. The company actively cooperates with relevant departments to dispose of assets and strive to return as much residual value as possible to the company.
meanwhile, for the next work plan, the above executives of China Evergrande introduced two points:
1. When the conditions are ripe, Evergrande will provide appropriate information and materials to overseas creditors and their consultants who have signed confidentiality agreements according to the progress of relevant work, and carry out substantive communication and exchange on the ideas of the reorganization plan.
2. Actively promote the resumption of trading. The publication of China Evergrande annual report will be postponed. Due to major changes in real estate business, auditors and auditors have added additional work and audit procedures this year. Evergrande will complete the disclosure of the annual report as soon as possible; Evergrande property and Evergrande automobile will postpone the publication of annual reports; Evergrande is trying to contact third-party investors, promote the restructuring of Evergrande property and Evergrande automobile and the introduction of strategic investors, so as to maximize the interests of all parties. Subsequently, Evergrande will disclose major progress in a timely manner according to its work and the requirements of the Hong Kong stock exchange.
In addition, after the introduction, the above executives answered some questions from creditors. For example, for the sale of Hong Kong Evergrande center, Evergrande executives said that the company had indeed used Hong Kong Evergrande center to guarantee syndicated loans in the early stage.
Secondly, what is the progress of the introduction of strategic investors of Evergrande automobile and Evergrande property? Evergrande executives said that Evergrande is widely contacting potential investors and striving to realize the value restoration of Evergrande automobile; Evergrande property has a stable overall operation with more than 3000 contract projects. The company is looking for potential investors and strategic investors.
In addition, Evergrande executives said that in the next step, Evergrande will continue to maintain a normal communication mechanism with creditors, provide information and materials to overseas creditors and their advisers who have signed confidentiality agreements according to the progress, and carry out substantive communication and exchange on the ideas of the restructuring plan; All parties agreed to restructure, which is in the interests of all parties.
