When Evergrande Motor reported a large-scale work stoppage and wage arrears today (2nd), there was a lot of news from the outside world that Xu Jiayin, chairman of China Evergrande, had jumped off the building yesterday; Many media outlets, including the official media Securities Times and Securities China News Agency, quoted Evergrande’s insider The source denied, saying that this morning Xu Jiayin still received a voice message from Xu Jiayin’s WeChat group about strengthening recovery of work and production.
When Evergrande Automobile (00708) delivered its first electric car “Hengchi 5”, it was reported that there was a large-scale work stoppage and wage arrears. 25% of Evergrande Automobile’s employees have been left without pay since 1 to 3 months. A number of sales people have been warned to suspend work. Evergrande’s meeting originally scheduled for today showed that Evergrande president Xu Jiayin would attend, but Fengcai News reported on Fenghuang.com that the meeting was temporarily cancelled. The reason is currently unknown.
At the same time, the news of “Xu Jiayin committed suicide by jumping off a building yesterday” in the mainland spread across the Internet. News came out in the national media “New Economy” that Evergrande chairman Xu Jiayin jumped from a building in Changsha yesterday Evergrande’s afternoon meeting was cancelled. Countless netizens followed the incident on Weibo after receiving the news.
Many reports have not been confirmed. The official media “Securities Times” quoted Evergrande insiders as saying that the relevant rumors were fake news, and around 13:00 today, Xu Jiayin also released a message on strengthening the resumption of work in the related senior management team of Evergrande Voicemail for the resumption. Another person close to Xu Jiayin said, “Xu Jiayin answered the phone that everything is fine.”
According to a screenshot posted on the Internet, “Notice on the conduct of the group’s monthly business meeting” reads, which shows that the meeting will be held at the Guangzhou Evergrande Center at 3:30 pm today. Chairman Xu (Xu Jiayin) will host the meeting, and the participants will be the management team of the company, the project general manager, the project deputy general manager, the project manager (including urban renewal), and the finance department heads, legal department and supervision office.
In addition, Feng Caixun quoted Evergrande insiders as saying that Xu Jiayin attended a meeting in Guangzhou on November 30 and was in good condition. Screenshots of Evergrande Vice President Chen Chaohua’s WeChat circle of friends have also been circulating on the Internet. The title of the picture stated that Chen emphasized that he has no special channels, but in his judgment, “Impossible! I choose not to believe it myself.”
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