The most individual female head of real estate enterprise is back

Fantasia’s previous “letter from home” was eloquent and seemed to be responsible and responsible. In the final analysis, Fantasia’s breach of contract itself shows that the company is whitewashing its financial statements, and then playing numbers games here by means of open shares and real debts and off-balance sheet liabilities. It’s just that the hidden funding gap is too big, and even after selling the property and borrowing 700 million yuan from Country Garden, the gap cannot be filled.

At this time, this “treasure master” chose to lie flat. If there is a direct breach of the contract, Fantasia will end up in bankruptcy and reorganization. From the perspective of the company, the loss is large enough, and the gain outweighs the loss. But for “Baoye”, the initial overseas debt restructuring plan of “debt-to-equity swap + extension” can reduce debts and avoid selling assets at a low price. This is much more cost-effective than desperately cutting flesh to pay off debts, and finally bleeding to death. This is a vivid interpretation of “plucking a hair to benefit the world, I will not do it”. Anyway, it is the creditors and small and medium shareholders who are suffering, right? However, it is very difficult for the majority of investors and small shareholders, not only losing money, but also losing face.