Stephen Chow has a debt of 270 million yuan and owns many luxury houses. Why didn't he sell his house to pay his debts?

Who says Stephen Chow doesn't sell luxury houses? On June 22nd, 2020, Stephen Chow celebrated his 58th birthday, but netizens didn't pay special attention to Master Xing because of his birthday. On the contrary, the news of another incident made netizens pay great attention to Master Xing. Just a few days before Xingye's birthday, according to Hong Kong media reports, Stephen Chow actually mortgaged his super mansion to the Bank of JPMorgan Chase and made a financing loan. In the eyes of small people like us, we will probably see this news and have such an idea: Will Stephen Chow be short of money? If he is not short of money, how can he mortgage his super mansion on Pule Road, Goufu Mountain, Taiping Mountain, Hong Kong?

Speaking of this super mansion, Stephen Chow bought a piece of land with HK$ 320 million in 2004. Now 16 years have passed, and the land he bought with HK$ 320 million has been multiplied many times. After Stephen Chow bought this land, he immediately rebuilt four independent houses on this land. Three of the four buildings were sold at HK$ 800 million, HK$ 300 million and HK$ 3.8 1 respectively. The accumulated money sold in this way seems to far exceed his original HK$ 320 million.

The last building mortgaged by Stephen Chow this year is currently valued at HK$ 1 1 billion, which is the highest among the four buildings. Since so many years have passed, experience has not chosen to mortgage this building. Why did you choose to mortgage this year? According to our usual guess, it should be that Master Xing has encountered thorny difficulties or cash flow difficulties. Although the guess is not very accurate, it seems to be close to the answer. Stephen Chow chose to mortgage his property.

On the one hand, the situation of Gaobi Group, a listed company in Stephen Chow, is not optimistic, which is incomplete statistics. From the listing of 20 10 to March of 20 19, the accumulated losses of Stephen Chow Gaobi Group reached 580 million yuan. Coupled with the impact of the COVID-19 epidemic this year, netizens thought that Gaobi Group could make a turnaround this year, but is this really the case? Ideal is full, reality is skinny? . On the other hand, I wonder if you remember? Stephen Chow 20 17 gambled with New Culture, and the final result proved that the difference between Stephen Chow and New Culture in gambling and promised performance was as high as 225 million yuan.

This means that Stephen Chow should compensate its performance, not just the price difference compensation. Among them, the actual amount of compensation to be paid by Stephen Chow may be quite different from the amount promised by the net profit. Therefore, Xingye must have encountered great difficulties in the mortgage of real estate, otherwise he would not really mortgage the real estate to obtain loans, thus alleviating the financial pressure. Finally, we hope that Xin can successfully survive this economic crisis that belongs to him! I look forward to the good movie that Master Xing will bring us later!