Does China Railway hold a 49% stake in Evergrande?

Nanshu 123: In September this year, Evergrande sold 2.7 billion non-main businesses and went all out to return to real estate. There are different opinions in this industry. Some people say, "Xu Jiayin is essentially like Wang Shi climbing a mountain, and Evergrande's return today is mostly temporary." Some people also said, "The key to Wanda's success is that Wang Jianlin dares to be in debt, and Evergrande's' secret' is that Xu Jiayin dares to take land. Xu Jiayin took the land and became the "land king" of China. Now, Evergrande has reached a cooperation with Shenfang. If China Evergrande successfully returns to A-shares, its three-year performance commitment of 88 billion yuan will be calculated at 10 times the current valuation.

It is not Jia Kai, which has been rumored for a long time, nor Langfang Development, but Shenfang, which has been rumored with China Evergrande for less than a week, has unexpectedly become an injection platform for China Evergrande's real estate business. The so-called scandal lies not in sooner or later, but in truth.

On Monday evening, China Evergrande announced on the Hong Kong Stock Exchange that it had entered into an agreement with Shenfang to purchase 0/00% equity of Evergrande Real Estate Co., Ltd./KLOC-held by Guangzhou Khyron Real Estate Co., Ltd., a domestic subsidiary of China Evergrande, by issuing A shares or cash. Before the formal agreement is signed, Evergrande Real Estate can introduce strategic investors with a total amount of about 30 billion yuan.