From being worth hundreds of billions to now facing bankruptcy, why did Jia Yueting end up like this?

Today, an announcement from Evergrande Health exposed Jia Yueting’s behavior to the public again.

Accountant Jia drove away Evergrande’s financial staff and took over the financial power

Evergrande Health announced on the Hong Kong Stock Exchange that on November 7, Shiying filed a lawsuit against Jia Yueting and the joint venture company SmartKing. The arbitration launched a comprehensive counterclaim, requiring Jia Yueting and the joint venture company to perform the contract. At the same time, lawsuits were filed against Jia Yueting in the Cayman Islands Grand Court and the Hong Kong International Arbitration Center.

In today's announcement, Evergrande Health stated that Jia Yueting and the joint venture company "forcibly drove away the cashier appointed by Season Smart and forcibly prevented Season Smart's financial personnel from entering the site to conduct financial review, resulting in Season Smart being unable to know The financial status of the joint venture company. "According to the shareholders' agreement, Season Smart has the right to conduct financial reviews and appoint a cashier to the joint venture company. It is also agreed that if the cashier does not sign for seven days, it will be deemed to have agreed to payment," Evergrande Health said.

Evergrande Health also disclosed in the announcement that because "the joint venture company refused to provide financial data and related documents," the directors of the joint venture company appointed by Season Smart have filed a lawsuit with the Grand Court of the Cayman Islands, requesting a court order. The joint venture company provides all financial data and related documents.

From a billionaire to the brink of bankruptcy, why did Jia Yueting sink to such a state?

Once upon a time, Jia Yueting was also the actual controller of a listed company with a market value of more than 150 billion, and was worth tens of billions. Now all the companies in his hands are on the verge of delisting or bankruptcy. Why is this happening?

Jia Yueting’s problem is actually very obvious. He also mentioned it when he reflected on it, that is, the problem of management ability. This has led to him often having very strong strategic planning and being recognized by everyone. However, due to management problems, Unable to land, we ended up where we are now.

After the recent arbitration between FF and Evergrande, some media went to the United States to interview FF insiders. We can come and listen to their evaluation of Jia.

The acquaintance Mr. B said that FF has been working hard to raise funds last year, but unfortunately there was no result. So Jia Yueting went to the United States despite being accused of running away, and negotiated with several companies. Except for Evergrande, he couldn't reach agreement with any other companies. The reason was that the investment conditions of other institutions were that Jia Yueting had to be out.

Why let Jia Yueting be eliminated? Because it is obvious that if he takes control, FF will have no chance.

B told reporters very disappointedly that many people were actually trying to persuade Jia to let go. Many people left because he was unwilling to let go. Everyone admired Jia Yueting's vision, "But in terms of specific execution and management, On the other hand, Lao Jia appears to be weak. "