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- Chief Business Intelligence
- Chief Business Intelligence
Guo Yingcheng
Introduction: Guo Yingcheng's choice to leave Shenzhen and go to Hong Kong was made in 2014 when Kaisa was facing a "lock-up" crisis.
There are different opinions about where Kwok Yingcheng has lived in the past 10 years, some think that he lives in the Seasons Hotel in Hong Kong, and some think that he lives in his own Hong Kong home, and there are many places to live.
The key thing is that since then, Mr. Guo Yingcheng has not returned to the mainland, and chose the "one hole" of the three caves of the cunning rabbit.
Seasons Hotel
When it comes to the Seasons Hotel, its status is second only to the Mandarin Oriental Hotel, and many rich and famous people have lived here, such as Lee Shau Kee, Pansy Ho, Kwok Fucheng, Nicholas Tse, etc., and the Seasons Hotel is also a frequent place to meet celebrities.
Not only can you watch the beautiful scenery of Victoria Harbour, but also the eight-star Michelin restaurant "Long King Heen", living here is simply a "fairy day".
Lo Wu Kerry Centre
According to the official WeChat public information of Phoenix Weekly Real Estate, after Guo Yingcheng returned to Shenzhen, he did not choose the former office "Luohu Kerry Center", but chose Kaisa Center for office.
The predecessor of Kaisa Center was "Ziyue Terrace", which could be said to be a very tricky real estate problem in Shenzhen.
In 2003, Kaisa spent a huge amount of 400 million yuan to "take over" and gnawed this hard bone, and "Ziyuetai" was also renamed "Kaisa Center".
The financial products were thunderous, and Guo Yingcheng made a phone call to appease the anger
Source: 21st Century Business Herald
On November 3, 2021, Kaisa's Jinheng Wealth Company issued a notice, which probably means that Kaisa is a little short of money, and the money to be repaid when the wealth management product expires cannot be repaid in time.
These wealth management products are all issued by Jinheng Wealth, to put it bluntly, Kaisa takes their projects across the country as collateral, and then issues wealth management products to investors, and also pats their chests to give guarantees.
Mai Fan, president of Kaisa Group, once said that the total amount of these wealth management products with principal and interest has exceeded 300 million, and the total amount of wealth management products issued by Kaisa over the years is as high as 12.7 billion!
Investors who bought these wealth management products were all angry when they heard that the payment was stagnant.
Hundreds of investors gathered at Kaisa's "old nest" Kerry Center, just to get an explanation from Guo Yingcheng.
Mai Fan
At that time, Mai Fan, the president of Kaisa, had to call Guo Yingcheng, who was hiding in Hong Kong, in order to appease everyone's extreme emotions.
Guo Yingcheng said on the phone that Kaisa is very responsible, has the ability and means to repay, and hopes that everyone will give Kaisa time.
However, this phone call turned out to be Guo Yingcheng's last resort to investors, delayed for a year, and on November 14, 2022, Kaisa issued an adjustment payment plan.
Since then, Kaisa has begun to enter the "darkest moment".
The "immortal birds" in the real estate industry are trying to make a comeback
Wang Zheng
In April 2024, Wang Zheng, the big boss of Rongfeng Holdings, posted a video on social platforms, in which he and Guo Yingcheng walked together!
Rongfeng Holdings is also mainly engaged in real estate, and Wang Zheng is the actual controller.
Source: City Boundary
Later, Wang Zheng said in an interview with the media that it was indeed him and Guo Yingcheng in the video, and he also praised Guo Yingcheng as a conscientious and responsible person, and wished Kaisa a comeback.
Speaking of which, Guo Yingcheng "quietly" returned to the mainland three months ago, in order to get the relevant authorities to "approve" and agree to their company's overseas debt restructuring plan.
Now, Kaisa has worked very hard to deal with the debt problem, and they have negotiated with the "creditors" to postpone the hearing of the bankruptcy process by one day.
On June 24, 2024, according to public information from the Hong Kong court, the hearing of Kaisa Group's winding-up petition was moved to August 12.
In this way, Kaisa will have another 7 weeks to take a breath first. But now it's less than half a month away, I don't know how the progress is?
In 2023, Kaisa Group will not relax at all, and will deliver a total of about 46,000 houses in Guangzhou, Shanghai, Chengdu, Chongqing, Wuhan, Changsha and other cities, with a total of 61 projects.
Although Kaisa Group faced financial difficulties, it did not give up, but desperately tried to save itself.
Through the integration of various resources, the high-quality assets in hand are running, and the cooperation with AMC (asset management company) and real estate state-owned enterprises has also taken a wild path!
At present, there are two main headaches for Kaisa, one is that the money of wealth management products has to be paid to investors, and the other is that overseas debts have to be reorganized.
In October last year, Kaisa disclosed information about its debt restructuring on the Hong Kong Stock Exchange, which totaled $12.3 billion in offshore debt, and also allowed more than 35% of creditors to join the offshore creditor group.
You may not be able to get money if you add it, but you won't get money if you don't add it!
In the end, many listed companies have restructured their debts like a "rogue" righteous move, "what can you do with me, I have done my best, and I hope you will choose whether you choose or not."
Source: Screenshot of Southern Metropolis Daily
According to the public information of Southern Metropolis Daily, by the end of 2023, Kaisa's money and bank deposits will add up to about 3.4 billion, but their loans are as high as 133.624 billion yuan!
You have to pay back the borrowed money!
About 117.052 billion yuan will be repaid within one year, about 1.837 billion yuan will be repaid between one year and two years, about 4.112 billion yuan will be repaid between two and five years, and about 10.623 billion yuan will be repaid after five years.
Source: National Business Daily
Looking at it this way, a large amount of 117.052 billion yuan must be repaid within a year! This debt pressure is unusually large, so big that Guo Yingcheng has to come out to deal with it.
Source: National Business Daily
According to the data disclosed in the annual report, Kaisa's net asset-liability ratio is as high as 2064.1%, which means that the money owed is N times more than the assets in hand.
Source: National Business Daily
The cash-to-short-debt ratio is also very low, only 0.01 times, and the cash on hand is simply not enough to pay off the short-term debt.
According to the National Business Daily, as of the end of Kaisa's 2023 financial report, the total debt is 225 billion yuan! Excluding the money that has not been received in the contract, the debt-to-asset ratio is 97%.
The house leak happened to rain overnight!
According to Tianyancha's public data, Kaisa Group (Shenzhen) Co., Ltd. now has more than 140 records of persons subject to execution, and the total amount of execution is 31.456 billion yuan, which is a lot of money!
In a word, Kaisa's financial situation is not very optimistic.
Guo Yingcheng
After all, Guo Yingcheng is not here, and his children still lose to him as an old father in management.
In order to manage the huge Kaisa, Guo Yingcheng has already taken out his sons and three daughters to "train", and arranged them in Kaisa's four listed companies, all of which have titles and jobs.
Guo Yingcheng's eldest daughter, Guo Xiaoting, is responsible for Kaisa's beautiful business management; The second daughter, Guo Xiaoxin, is an executive director of Kaisa Capital and Kaisa Health; The youngest daughter, Guo Haoli, is also an executive director of Kaisa Health.
Guo Xiaoqun
His son Guo Xiaoqun was arranged to join Kaisa Group and also served as the chairman of Jiayun Technology.
Guo Yingcheng attaches great importance to the property sector, and through mergers and acquisitions, he has established six listed companies, namely Kaisa Group, Kaisa Beauty, Kaisa Health, Jiayun Technology, Sing Tao News and Kaisa Capital.
In 2018, when Kaisa was listed, Guo Yingcheng attended the "bell ringing", but did not join the board of directors.
In April this year, Guo Yingcheng reappeared due to the change of directors of Kaisa Beauty, served as the executive director of Kaisa Beauty, and entered the board of directors.
Just when everyone thought that the successor of the Guo family had settled, Kaisa's debt crisis was officially exposed in November 2021.
Immediately afterwards, Guo Yingcheng's three daughters left one after another, leaving Guo Yingcheng's son Guo Xiaoqun "fighting alone", and is still serving as an executive director of Kaisa Group and Kaisa Beauty.
You can always believe that Guo Yingcheng's "connections"
Guo Yingcheng was born in 1964, a native of Chaoshan, Guangdong, and is a classic Chaoshan businessman's "painting style", very cautious, low-key, does not like interviews, and rarely appears in public.
In 1999, the three brothers Guo Yingcheng established Kaisa Company in Hong Kong, the eldest Guo Junwei is the chairman of Future Financial Group, only a shareholder of Kaisa, Guo Yingcheng is the second in line, and the third brother Guo Yingzhi is the deputy director of Kaisa.
Guo Yingcheng started with the unfinished property business, and in ten years, he became the largest real estate company in Shenzhen.
Boss Guo has made a wide range of friends in the industry, and his network resources are quite "hardcore", and in many old reform projects in Shenzhen, Kaisa has transformed from a small company into a Hong Kong listed company, with 8.9 million square meters of land reserves in Shenzhen, which is an achievement that peers can not envy.
Kaisa was able to use Credit Switzerland as a guarantor for its listing just after its listing, with Singapore's Temasek and Carlyle funds also participating.
Kaisa struggled with the "money barrier" in the IPO process, and at the critical moment, Li Ka-shing's Cheung Kong gave financial support.
Li Ka-shing's Cheung Kong and Lee Shau-kee's Henderson Land both subscribed for different shares of Kaisa's shares.
The day of Kaisa's listing
On December 9, 2009, Kaisa finally successfully landed on the Hong Kong Stock Exchange! Hong Kong's "toy king" Cai Zhiming also came to the listing site, laying the groundwork for the future "righteousness".
In March 2015, after only 6 years of listing, Kaisa received a suspension request from the Hong Kong Stock Exchange.
In the two months leading up to the official delisting, Kaisa was in deep financial distress and could not repay a loan of up to US$50 million from United Kingdom's HSBC on time.
I saw him rise up a tall building, I saw him feast guests, and I saw his building collapse! Some people send charcoal in the snow, and some people fall into the well.
Sun Hongbin
Sunac China's Sun Hongbin At that time, the "white knight" made a major decision, proposing to buy a 49% stake in Kaisa for $580 million.
Unfortunately, Kaisa failed to come up with a "ledger", which led to a lot of setbacks for Sun Hongbin, and due to the obstacles encountered in the acquisition negotiations, Sunac China finally had to announce that it would abandon its acquisition plan for Kaisa.
Guo Yingcheng's Kaisa, a little bit worse than "100 million" Sun Hongbin, "white knight" sometimes, the score is a charcoal in the snow or a stone.
A miracle happened! At 9 a.m. on March 27, 2017, Kaisa's shares resumed trading.
Who helped Guo Yingcheng again? That's where he comes in.
Cai Zhiming
On March 1, 2017, according to the analysis of information disclosed by the Hong Kong Stock Exchange, Cai Zhiming received 217392000 shares of Kaisa from Dachang Investment Co., Ltd., wholly owned by Guo Yingcheng's son Guo Xiaoqun, and after the transaction, Guo Xiaoqun and Guo Xiaoqun held 12.19% and 5.21% of the shares respectively.
Congratulations when Kaisa goes public, and "take over" when Kaisa is in trouble, Lao Cai is really righteous!
There has always been the icing on the cake, and there is no charcoal in the snow, and it is the Chaoshan businessmen who help Boss Guo.
is not only Cai Zhiming, but also the "ruthless people" who give real money.
According to Kaisa's announcement in the second quarter of 2015, Shenzhen Fude provided a loan of 1.377 billion yuan to Kaisa Shenzhen Company, with an annual interest rate of 12% and a term of 2 years.
Zhang Jun (left)
In the second quarter of 2015, according to the analysis of the announcement data released by Kaisa, Shenzhen Fude lent 1.377 billion yuan to Kaisa, but it was not given in vain, and the interest should also be calculated, the annual interest rate of the loan was 12%, and the repayment period was two years.
It is worth noting that Shenzhen Fude is actually a wholly-owned subsidiary of Life Insurance, and the boss of Life Insurance is Zhang Jun, who is also Guo Yingcheng's hometown.
In less than half a month, can Kaisa renew the honorific title of "real estate immortal bird", can Guo Yingcheng repay the money within a year, and can he make a comeback? We'll have to wait and see.
What do you think about this? Please leave your comments.
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