On September 30, the Shenzhen Stock Exchange issued a decision on disciplinary sanctions against Evergrande Real Estate Group Co., Ltd. (hereinafter referred to as "Evergrande Real Estate") and related parties, and the Shenzhen Stock Exchange decided to impose a penalty on Evergrande Real Estate for three years not to accept the submission of bond issuance and listing application documents or listing transfer application documents.
Xu Jiayin, then chairman and actual controller of Evergrande Real Estate, and Xia Haijun, then vice chairman of the board of directors and president of China Evergrande Group, the controlling shareholder, were publicly determined to be unsuitable for life to serve as directors, supervisors and senior managers of the bond issuer; Pan Darong, then chief financial officer of China Evergrande Group, and Pan Hanling, then vice president and general manager of the financial center of Evergrande Real Estate, were publicly determined to be unsuitable to serve as directors, supervisors and senior managers of bond issuers for ten years.
Xu Jiayin data map
During the identification period, the above-mentioned persons shall not continue to hold the positions of directors, supervisors or senior management of the original bond issuer, nor shall they serve as directors, supervisors or senior managers of other bond issuers.
Evergrande Real Estate was given a public reprimand.
Xu Jiayin, then chairman and actual controller of the company, Pan Hanling, then vice president and general manager of the financial center, Ke Peng and Zhen Litao, then presidents, Qian Cheng, then assistant to the president and vice president and general manager of the financial center, Zhao Changlong, then chairman and general manager, Xia Haijun, then vice chairman of the board of directors and president of China Evergrande Group, and Pan Darong, then chief financial officer of the controlling shareholder, were given the punishment of public reprimand.
Source: Red Star Capital Bureau, The Paper