Former President Ke Peng under investigation by police? Evergrande: There is no accurate inside information Insider: A media person who joined Evergrande after interviewing Xu Jiayin
Screenshot from Baidu’s encyclopedia
China Times (www.chinatimes.net.cn) reporter Li Beibei reports from Shanghai
On the evening of January 5, some media reported that Ke Peng, the former executive chairman of Evergrande Group, was taken away by the police for investigation. About this news, Evergrande Group told the “China Times” reporter on January 6, “Ke Peng resigned from Evergrande in mid-2022, so we don’t have precise information about his situation now.” people familiar with the matter. Confirmed with our reporter, this is the second time Ke Peng has been investigated. Prior to that, Ke Peng had been taken away for investigation when he resigned in July 2022.
Evergrande Group did not confirm the specific data of its old restructuring projects to our reporter. However, Evergrande, which has been selling projects to save itself for the past two years, has also listed or changed ownership one after another of its older renovation projects.
For example, in October 2022, there was market news that China Merchants Shekou will take over the former United Biscuit Factory urban renewal project in Nanshan District, Shenzhen from Evergrande, but there is no clear information on the ownership ratio and on the amount of the transaction. The rumor was confirmed by China Merchants Shekou, who said they are “currently in touch”.
After interviewing Xu Jiayin, he was invited to join Evergrande
On the evening of January 5, some media reported that Ke Peng, the former executive chairman of Evergrande Group, was taken away by the police for investigation.
In this regard, Evergrande Group stressed to reporters, “Ke Peng resigned from Evergrande in the middle of last year, so we do not have accurate information about his situation internally.” Peng’s second job was investigated. Prior to that, Ke Peng had been taken away for investigation when he resigned in July 2022.
According to public information, 43-year-old Ke Peng was born in the media, graduated from Fudan University with a major in international economic law, has a law degree in international economic law and a master’s degree in project management from Tsinghua University. From 2001 to 2008, Ke Peng successively worked at the Bank of China Shanghai Branch, Xinhua News Agency, “Shanghai Youth Daily”, “Shanghai Securities News” and other units.
After joining Evergrande Group in 2008, Ke Peng was mainly responsible for administrative management, corporate culture, brand image, media and public relations of Evergrande Group. Club President, Chairman of the ‘Evergrande Volleyball Club, chairman of Evergrande Group Jilin Company, chairman of Evergrande Group Heilongjiang Company and other positions.
In September 2016, after the Evergrande Group headquarters moved to Shenzhen, Ke Peng was transferred to the president of Evergrande Group Shenzhen Company; in September 2018, he was concurrently president of the Evergrande Group Pearl River Delta Company. He was promoted to chairman of Evergrande Real Estate Group in October 2020, and then continued to be promoted to executive chairman of Evergrande Group Co., Ltd. Until July 22, 2022, due to the 13.4 billion yuan deposit incident of Hengda Property imposed by the bank, the board of directors decided to request Ke Peng and others to step down from the group.
On the afternoon of January 6, a person who had worked for the Shanghai Securities News for many years revealed to a China Times reporter that Ke Peng was the head of the Ministry of Industry and Economy during his job at the newspaper, and was responsible for reporting the content and involved no business. It’s good for subordinates. As reported by the media, Ke Peng was in fact invited to join Evergrande Group after giving an exclusive interview with Xu Jiayin when Evergrande’s listing was in crisis.
Shenzhen’s biggest owner?
Most people believe that if Ke Peng was actually investigated by the police for the old Evergrande Shenzhen renovation, it should be related to his work when he was executive chairman of Evergrande Group’s Shenzhen company at the end of 2016.
The reporter saw that Evergrande Real Estate Group (Shenzhen) Co., Ltd. signed the “Urban Renewal Project Framework Agreement” with Shenzhen Shekou Wanxia Industrial Co., Ltd. on December 26, 2016. The urban renewal project in Xiamen it is considered as a sign of Evergrande’s entry into the old Shenzhen renovation market.
Wang Zhongming, vice president of Evergrande Real Estate Group and president of Evergrande Shenzhen Company, reportedly attended the signing ceremony at the time, but the person who signed the contract on behalf of Evergrande Shenzhen Company was just promoted to director executive of Evergrande Company in Shenzhen at that time, Long Ke Peng.
Simultaneously with the signing of the Shekou Wanxia project, Evergrande disclosed that it currently has (as of the end of 2016) 32 real estate development projects in Shenzhen, including 6 in Nanshan, with a total value of about 600 billion yuan after the development of all projects in Shenzhen. On August 28, 2019, Evergrande Group held a mid-term results conference. At the meeting, Xia Haijun, then vice chairman of the board and chairman of China Evergrande Group, said, “Evergrande is very fortunate. Evergrande has already focused on Shenzhen in 2016, because it is difficult for Beijing and Shanghai to get high land.” quality. There are currently 48 projects”, “Evergrande is the developer with the largest land reserve in Shenzhen, and its future income is unlimited”.
According to public data, by mid-2020, Shenzhen will account for 55 of Evergrande’s planned 104 old renovation projects. Currently, there are 22 urban renewal projects in Shenzhen that have been approved (plan announcement), and the demolished area is of 303.9 hectares in total The average demolition area of the old renovation is 13.81 hectares. However, regarding this data, Evergrande explained to our reporter that “the (old restructuring) is a project of regional companies, because the Greater Bay Area involves several regional companies,” so there is currently no specific data.
What is certain, however, is that Evergrande, which has sold projects to save itself in the last two years, has also listed or changed ownership one after another of its old renovation projects. For example, in October 2022, there was market news that China Merchants Shekou will take over the former United Biscuit Factory urban renewal project in Nanshan District, Shenzhen from Evergrande, but there is no clear information on the ownership ratio and on the amount of the transaction. The rumor was confirmed by China Merchants Shekou, who said they are “currently in touch”.
It is reported that the biscuit factory is part of the first phase of the old Xia Village, Nanshan Bay, Evergrande renovation, and was completely demolished on February 28, 2019. The full name of the old Evergrande Nanshan Bay Xia Village reconstruction is ” Evergrande Bay Bay Xia Urban Renewal Project”. It is located in Shekou Bay Xia Village and Haiwan Village. It covers an area of 249,500 square meters, and the planned construction area is 1.31 million square meters, and it is one of Evergrande’s most valuable renovation projects in Shenzhen.
It is worth mentioning that, according to the self-media “Mingtou”, shortly after Evergrande’s thunderstorm in 2021, Wang Zhongming, the key figure in Evergrande’s entry into the old reform in Shenzhen, had already left Shenzhen to avoid Serbia before that year’s National Day Ban Island.Come back to Sohu to see more
Publisher:
Disclaimer: The views in this article represent only the author himself. Sohu is an information release platform, and Sohu only provides information storage services.
