1. Is #Evergrande stock suspended news? If you've followed me, you know I've said many times the screenplay on how to restructure is largely already laid out in past restructuring of companies like HNA or Huarong. #HNA Group is turned into a trust to pay to bond holders.
2. How long will it take? Majority of HNA restructuring took about 10 months, with the rest still ongoing. It's broken into 4 pieces with three parts introducing strategic equity investors, with the rest turned into a trust for bond holders.
3. How about the those wealth management products? HNA bankruptcy procedure mentioned that if all law is followed, they are likely so low in debt priority to get nothing. But it gave each person Yuan30k, with the rest going into official pool of debtors. Call it socialism.
4. Again, Chinese news from two days back reemphasized HNA original equity wiped out, even including the government's own original equity by the local Hainan Province SASAC (State Assets Supervision Admin. Comm. )
5. Again, these Chinese company restructuring details are all open news for a year, particularly HNA Group and Huarong. Diversify your portfolio and diversify your news source if by this day you are still surprised on what's happening on #evergrande
https://twitter.com/liqian_ren/status/1437567269203324929
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