AutoBeta(AutoBeta.net)03/08 Report--

Recently, some media have received news from Yi to using the car that Yi is seeking a round of financing of 2.55 billion yuan, and potential investors may have been identified.

According to the information released, it is easy to reach that the controlling shareholder is Tao Yun Capital, and the investment method is for the investor to increase investment in the target company. After all parties agree, they will sign relevant agreements, articles of association amendments and other relevant legal documents in accordance with the list of terms, so as to complete this investment. Among them, the investor will contribute 1.5 billion yuan in cash and another 1.05 billion yuan from the issuance of new shares through the "joint investor body". And the current valuation of accessible cars is estimated at 5 billion yuan, according to the document.

According to this financing document, investors have the right to know, and easy access to the car will dutifully provide all information and materials related to this transaction. After the completion of this investment, the investor will have the option to continue the acquisition in the coming year, and the remaining 49% of the shares in the target company will be acquired at a valuation of 7.5 billion yuan, and the controlling shareholder shall ensure the support and cooperation of other shareholders, otherwise the controlling shareholder shall compensate for the losses caused by this. In addition, it also stipulates that after this financing, the old shareholders still have the right of priority.

It is reported that on January 21 this year, Wen Xiaodong, founder and CEO of Taoyun Capital Group, issued a public statement that he was willing to sell his accessible shares to the whole society at half price. From the disclosure of Yi to the balance sheet, as of December 2018, the company had a total debt of 3.444 billion yuan, a user balance of only 592 million yuan, and a net asset of-2.125 billion yuan. On February 19, Tao Yun Capital issued an internal notice that the company was unable to support the existing team to continue to operate because it was easy to save the company and difficult to save itself by financing. From now on, the heads of various departments of the company will arrange for employees to work from home, suspend the payment of performance pay, only do basic living security, and return to work until further notice.

According to a number of people familiar with the matter before, Yidao and Tao Yun Capital are constantly looking for financing, or even "selling". Judging from the documents revealed this time, it is now easy to find potential investors who are being approached. People familiar with the matter have revealed that companies that have been interested in acquiring Yidi are not limited to Didi, Ali, Ctrip and SF, but in the end, on the one hand, it is because of valuation and price problems, and on the other hand, because Yizhi has too few proprietary vehicles as a platform. in the end, the deal was not reached, which also led to the uncertainty of the outcome.

Tao Yun Fang and Evergrande Real Estate acquisition issues easy to reach after many discussions, Tao Yun Capital has been hoping that the latter can "take over" easy to reach, and Evergrande has also shown great interest in this, "almost the deal is about to be settled." It is reported that after the end of the year, "this matter has been delayed again, and there may be uncertainties at present."

Welcome to subscribe to the WeChat public account "Automotive Industry Focus" to get the first-hand insider information on the automotive industry and talk about things in the automotive circle. Welcome to break the news! WeChat ID autoWechat