In early this month, Evergrande Real Estate Group has been forced to execute more than 3.3 billion yuan. From June 17th to 18th, Evergrande Real Estate added 17 more executed person information involving an amount of over 867 million yuan. As of now, the total amount of executions against Evergrande Real Estate has exceeded 70.7 billion yuan.
According to the mainland enterprise information platform Tianyancha’s legal litigation information, from June 17th to 18th, Evergrande Real Estate added 17 new executed person information, involving an amount of over 867 million yuan. These cases mainly involve disputes related to construction project contracts, bill disputes, and more. The relevant execution information shows that some of the executed persons in these cases include Evergrande Landscaping Group Co., Ltd. and Nan’an Evergrande Stone Craft Co., Ltd.
Tianyancha’s risk information shows that the current number of executed person information against Evergrande Real Estate has exceeded 780, with the total amount of executions exceeding 70.7 billion yuan.
Evergrande Real Estate has also received multiple orders restricting consumption and has been listed as a dishonest debtor.
Earlier Tianyancha reports showed that on June 4th, Evergrande Real Estate added 25 new executed person information, with a total execution target of over 3.3 billion yuan, involving cases such as bill recovery disputes and loan contract disputes.
On May 31st, the official website of the China Securities Regulatory Commission announced that the Commission had made penalty decisions against Evergrande Real Estate for bond fraud and illegal information disclosure, imposing the highest fines. Evergrande Real Estate was ordered to correct its actions, issued a warning, and fined 4.175 billion yuan; the former chairman and actual controller of Evergrande Real Estate, Xu Jiaying, was fined 47 million yuan with measures taken to ban him from the securities market permanently.
On March 29th of this year, Evergrande Real Estate announced that the company is facing total due debts and overdue commercial bills exceeding 500 billion yuan.
On the evening of September 28th last year, Evergrande announced that Xu Jiaying had been arrested. Evergrande was suspended from trading on January 29th this year and is currently undergoing liquidation.