Huaxia Happiness, a former real estate giant, is going bankrupt. What caused it to go bankrupt?

These days, there are many heavy news in the capital market. Hebei Huaxia Happiness, a 500 billion real estate giant, is going bankrupt and reorganized. The news is also noisy. It is very likely to go bankrupt at present. The main reason for its bankruptcy is the debt crisis, the capital chain is broken, and the enterprise can't pay the due creditor's rights, just like Brilliance Auto at the beginning. Once brilliant real estate giants are about to enter the stage of debt restructuring and integration. What the hell happened? Today, Bian Xiao will show you the joints.

First of all, the whole story of bankruptcy rumors. Since 65438+February last year, news has emerged one after another. Huaxia Happiness tried to introduce China Resources Group, and tried to introduce Hebei Chengtou Group at the beginning of 65438+ 10 this year. At that time, there was a big problem with the funds of Huaxia Happiness. In mid-June, 5438+ 10, both Huaxia Happiness bonds and stocks fluctuated greatly, which immediately aroused the onlookers and vigilance of the market. As soon as the news came out, Huaxia Happiness's share price hit a six-year low. On February 1 day, Huaxia Happiness held the first meeting of the creditors' committee of financial institutions. Participants included relevant leaders of the Central Bank, China Banking Regulatory Commission, China Securities Regulatory Commission and leaders of relevant departments in Hebei Province. This matter has basically been finalized.

Second, why did Chinese happiness come to this step? As a leading real estate enterprise in the past, Huaxia Happiness developed very well at its peak. Although it is not comparable to giants such as Vanke and China Resources, it is also a large-scale housing enterprise that has been taught all over the country. In the past few years, it has developed very smoothly, with annual sales increasing at a rate of more than 20%. It seems that the situation is very good. However, from 20 17, Huaxia Happiness began to seek transformation, from the main business of commercial real estate to industrial new cities and industrial towns, relying on PPT mode for financing? Atypical housing enterprises? Leaving a chicken feather and several successful projects, the capital chain was broken.

Third, the future progress of things. At present, the biggest problem is the redemption of two defaulted bonds of Huaxia Happiness, which are cashed in the market with the coordinated support of Hebei Province. In addition, Ping An may fully control the happiness of China and introduce funds from China Resources Group. Debt restructuring has been determined in order to keep the brand of Happiness in China and avoid causing greater turmoil in the capital market.

Judging from a well-known real estate enterprise that is on the verge of bankruptcy and reorganization, the lessons of the failure of Huaxia's happy transformation tell us that the capital security of enterprises is the most important, and the capital chain breaks like a domino, and the speed of collapse is beyond imagination. At present, national and local government departments have begun to take the lead in restructuring debts. Is Huaxia Happiness likely to continue to dominate the market in the future? Let's wait and see.