M&A and restructuring have continued, and the industry has shuffled.
Editor’s note: This article is from “Future Car Daily” (WeChat public ID: auto-time), author: Zhang.
Organization | Zhang Yi
Headline
FAW Car: The restructuring draft is announced, FAW integration acceleration
According to the restructuring announcement issued by FAW Car, FAW Car intends to transfer all assets except the financial company, Xinan Insurance’s equity and some retained assets into the car limited and set aside assets, and the FAW liberation held by FAW shares The equivalent portion of the 100% equity is replaced. FAW liberated 100% of the equity price of 27.01 billion yuan, the car limited 100% equity price of 5.09 billion yuan, the difference between the two is 21.92 billion yuan, of which 19.92 billion yuan consideration is paid by FAW Car in the form of 6.68 yuan / share issued shares, the remaining 2 billion consideration Pay in cash; the company also plans to raise funds to no more than 3.5 billion yuan. (Future Car Daily)
Features
Geely sued Weimar for infringement this month, claiming $2.1 billion
According to the public information of the Shanghai Higher People’s Court Network, Zhejiang Geely Holding Group and Geely Automobile Research Institute sued four companies of Weimar Automobile, including Weimar Automobile Technology Group and Weimar Smart, on the grounds of infringement of trade secrets. Technology, Weima Automobile Manufacturing Wenzhou Company, Weimar New Energy Automobile Sales Company, the amount of claims reached 2.1 billion yuan. The case will be heard in the Shanghai High Court, and the trial will be held on September 17, 2019. As of now, details such as the reasons for Geely’s lawsuit against Weimar and the relevant evidence of Geely have yet to be disclosed. (澎湃)
Chery re-invests in the capital increase plan, the total raised funds are expected to be no less than 14.25 billion yuan
On September 2, Chery Holding Group Co., Ltd. and Chery Automobile Co., Ltd. respectively announced the pre-announcement of capital increase and share expansion on the Changjiang Equity Exchange. The two parties intend to introduce the same investor through capital increase and share expansion, and raise funds of not less than 7.434 billion yuan and 6.816 billion yuan respectively, and the total raised funds are expected to be no less than 14.25 billion yuan. The transfer price per share of Chery Holdings is not less than 3.92 yuan, and the transfer price per share of Chery is not less than 6.73 yuan. (CSI)
Junima Auto has been dissolved, and employees and distributors collectively defend their rights
The internal staff of Junma Automobile broke the news that Junma Motor had gone bankrupt, all senior staff left, and the dealer was in an unmanned state. The company still owes employees four months of unpaid wages, involving 210 employees. At present, the Junma Xiangyang production base has been completely dissolved, and the production land will be returned to the government. Not long ago, nearly 100 Junma auto dealers collectively defended their rights. Tianshichao shows that Changsha Junma Automobile Sales Co., Ltd. is 100% controlled by Zhejiang Zhongtai Automobile Sales Co., Ltd. (盖世汽车)
Ningde Times: Established a joint venture with a subsidiary to invest 3.6 billion yuan
Ningde Times announced that in order to protect the company’s cathode material supply, the company plans to jointly invest 3.6 billion yuan with its parent company, Guangdong Bangpu, to establish Ningbo Bangpu Times New Energy Co., Ltd., to invest in cathode materials and related resources. Operating. (Future Car Daily)
In July, global electric vehicle sales fell for the first time, a drop of 14%
After China reduced the subsidies for electric car purchases, global electric vehicle sales fell for the first time in July this year. Sanford C. Bernstein’s report released on Tuesday showed that global plug-in electric vehicle sales fell 14% to 12.8 in July