Evergrande Xu Jiayin intends to pledge 7.8 billion shares to Haitong International (15:57)-20211122-Real Time Financial News

According to the equity disclosure on October 8th, Xu Jiayin holds 76.69% of the company’s shares, and the announcement on that day refers to the 500 million shares of Xin Xin (BVI) Limited held by Xu Jiayin “has been provided to persons other than qualified lenders. The rights and interests of the shares are used as a guarantee.” Subsequently, on October 12, CCASS showed that Haitong International’s holdings increased by 500 million shares.

Evergrande did not reply to the inquiry of the newspaper. The equity disclosure has not yet been announced.

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