Chinanews.com, Beijing, March 31 (Reporter Pang Wuji) Zhu Jiusheng, President and CEO of Vanke Group, stated at the 2020 results conference today that there are strict prerequisites for Vanke's participation in Tahoe, and the current progress is still quite close to the equity participation. The key to solving the problem is still in the hands of Tahoe itself and its creditors.
Zhu Jiusheng emphasized that if the Tahoe problem can be properly resolved, it will be good for customers, financial institutions, project shareholders and related parties, but it is also very difficult.
Vanke helps Tahoe but "will not add chaos to itself." There are strict prerequisites for whether to buy a stake in Tahoe. Only when a comprehensive debt restructuring plan is reached can the conditions be met. The current progress is still quite difficult to become a shareholder.
Regarding the recent spread of Vanke’s establishment of a joint venture with Tahoe, Zhu Jiusheng responded that Tahoe’s key to solving the problem is still in the hands of Tahoe itself and its creditors.
The trading company currently under consideration is not a takeover company, and does not undertake the credit and debt relationship of the project.
The overall solution of the Tahoe problem will take a long time, but a few projects may be solved first.
Relevant parties are discussing the establishment of a trading company. For a few projects that have good conditions, can reach a debt and debt understanding, and coordinate support from related parties, try to revitalize the project’s own resources to resume construction and sales. At present, the specific plan is still being explored. in.
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