On September 30, on the evening of September 29, Xu Jiayin made another major move and signed a supplementary agreement with the 86.3 billion war investment out of the 130 billion war investment. The war investment agreed to switch to long-term holding of common shares, and the share ratio remained unchanged. Evergrande issued an announcement stating that out of the remaining 43.7 billion yuan war investment, Evergrande has completed discussions with the 15.5 billion war investment, and is currently going through formalities, and discussions on the 28.2 billion war investment are ongoing. So, who is investing in this 28.2 billion dollar battle?
According to the chart below, Chairman Xu Jiayin of Evergrande Group, Chairman of the Board of Directors of Evergrande Group, Zhang Jindong, Chairman of Suning Holdings, Wang Wenyin, Chairman of the Board of Directors of Zhengwei International, Ye Yuanxi, Chairman of Guangtian Holdings, Shao Mingan, Chairman of Anxin Trust, and Tian Jiayu, Chairman of Jiayu Group, attended the signing ceremony.
Xu Jiayin's 130 billion circle of friends attended 86.3 billion people. The buyer has friends, suppliers, and financial investors.
Specifically, in his circle of friends, Suning Holdings and Zhang Dongdong invested 20 billion dollars in Evergrande Real Estate, while Radio and Television Holdings invested 5 billion dollars.
In terms of financial investment, Dingxiang Capital invested 5 billion yuan, Shenzhen Qixiang invested 5 billion yuan, Dili Holdings invested 3 billion dollars, China and Italy invested 1 billion yuan, and Buyang Investment Partnership invested 3.5 billion dollars through Komqingcheng US Investment.
Suppliers gathered, and suppliers such as Suning Holdings, Jiayu Group, Zhengwei International, AIA, and Boss Electric gathered. Jiayu Group invested 7 billion yuan, Zhengwei International invested 5 billion yuan, Jiamei invested 1.5 billion, Sankeshu 200 million, Boss Electric 100 million, AIA 300 million, World Bank 100 million, etc.
However, Evergrande's biggest investor, Shandong Expressway, which has invested 23 billion dollars, is not among the 86.3 billion dollars. Currently, Shandong Expressway Group has not disclosed the contract status with Evergrande.
In January 2017, Evergrande Real Estate introduced 8 strategic investors, which raised 30 billion yuan at the time. After the capital increase, Evergrande Real Estate's valuation even surpassed Vanke. Among them, Shandong Expressway was in this round of strategic investors.
It is worth noting that Shandong Expressway Group Co., Ltd. is a large state-owned enterprise group established with the approval of the Shandong Provincial People's Government and whose funder duties are performed by the Provincial State-owned Assets Administration Commission. It is also one of the 12 major enterprises focused on development by the provincial committee and provincial government. The Shandong State-owned Assets Administration Commission holds 70% of the shares.
According to media information, the capital loaned by Shandong Expressway to Evergrande is far more than 23 billion yuan, with interest over 10%. However, Shandong Province previously wanted to attract the Evergrande Group to acquire Chery Automobile and then move to Qingdao. Various financial institutions in Shandong Province gave Evergrande a total of no less than 100 billion yuan in support.