AutoBeta(AutoBeta.net)07/28 Report--

Two months later, the acquisition of some shares of Evergrande Automobile is still under discussion. Late at night on July 26, Evergrande Automobile issued an announcement stating that discussions between potential sellers, potential buyers and the company are still in progress; potential sellers and potential buyers have not yet entered into a purchase and sales agreement, and potential buyers and the company have not yet entered into a credit agreement. At the same time, Evergrande Automobile emphasized that since potential transactions are subject to further due diligence, including but not limited to potential buyers 'financial certificates and comprehensive investigations of the group's assets, liabilities, business, etc., potential transactions may or may not be carried out. Due to the uncertainty of potential transactions, shareholders and potential investors should exercise caution when conducting share transactions.

A month ago, Evergrande Automobile also issued an announcement stating that discussions on potential share transfers were still in progress, but the purchase and sales agreement and credit agreement had not yet been signed.

The acquisition of some shares of Evergrande Automobile began on May 26, when industry insiders called the acquirer a "mysterious buyer." At that time, Evergrande Motor pointed out in an announcement that approximately 3.145 billion shares (accounting for 29% of the total issued shares) would be purchased immediately, and another approximately 3.203 billion shares (accounting for 29.5% of the total issued shares) would be shares that potential buyers could choose to purchase in a certain period of time in the future. Evergrande Automobile pointed out in the announcement that potential buyers will provide loans to Evergrande Automobile to support the group's continued operation and development of the group's electric vehicle business. At the same time, Evergrande Automobile admitted that it is seriously short of funds. The Tianjin factory has stopped producing since the beginning of this year and has not yet resumed production.

However, two months have passed since Evergrande announced this news, and the specific acquirer has not been confirmed, which has also made the outside world confused about Evergrande's subsequent development. In fact, Evergrande Automobile has been trapped in the capital chain for a long time. As early as August last year, Evergrande Automobile began to seek "life-saving money." At that time, Evergrande Automobile received Newton Group's first strategic investment of US$500 million (approximately RMB 3.55 billion). However, unfortunately, this "life-saving money" was suddenly terminated in April this year, which also caused Evergrande Automobile, which was carrying heavy loads, to suffer a heavy setback.

At present, Evergrande Automobile is still in a very difficult situation. This "mystery buyer" is undoubtedly the last straw for Evergrande Automobile. However, some industry insiders believe that even if part of Evergrande Automobile's shares are acquired, Evergrande Automobile It is difficult to return to the mainstream of the market. It should be noted that there is still great uncertainty about when Evergrande will welcome the "White Knight." Industry insiders analyzed that Evergrande's delay in welcoming the "White Knight" may be related to the difficulties it faces and prospects. Optimistic.

Financial report data shows that Evergrande Motor's total revenue in 2023 will be 1.34 billion yuan, of which more than 1.1 billion yuan comes from property sales, with a loss of 11.995 billion yuan for the whole year. As of the end of December 2023, Evergrande Automobile's total assets were 34.851 billion yuan and total liabilities were 72.543 billion yuan. It was seriously insolvent and faced huge financial pressure.

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