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Before filing for bankruptcy, Jia Yueting bought a 3300-square-foot California $3 million (21.14 million yuan) mansion in August on the Palos Vedes Peninsula in Los Angeles, just one step away from his coastal mansion, US media The Verge reported on Oct. 30. The media also reported that Jia Yueting Line holds an Lmur1 visa, which is based on the condition that his company is operating well. So if FF goes bankrupt, or his job at FF is lost, Jia Yueting may be forced to return to China. The report said Jia Yueting still made some decisions about FF.
On October 11, Jia Yueting submitted a monthly document on personal bankruptcy reorganization to the Delaware bankruptcy court. According to Jia Yueting's bankruptcy plan, creditors are required to vote on November 8, 2019 whether to agree to the bankruptcy plan. If 90% of the creditors agree, the bankruptcy reorganization will be carried out in accordance with the current plan. Recently, according to documents released by the Delaware bankruptcy court, only 23% of the creditors agree with Jia Yueting's bankruptcy reorganization plan, so Jia Yueting needs to withdraw the bankruptcy plan currently submitted and postpone the voting period. Jia Yueting can continue to modify the bankruptcy plan, and the court will hold a hearing on December 18.
According to Jia Yueting's debt handling team, after seven months of application, negotiation, voting and court confirmation, Jia Yueting's personal bankruptcy reorganization was finally confirmed and approved by the California Central District bankruptcy reorganization Court at a hearing held in Los Angeles on May 21, local time, which means that the personal bankruptcy reorganization has officially entered the effective process. According to Jia Yueting's personal bankruptcy reorganization plan, Jia Yueting will transfer all the FF shares held by the individual to the creditor trust. Jia Yueting, the founder of FF, will no longer own FF shares, but will still lead the development of FF as CPUO. In short, Jia Yueting's debt will be similar to that of FF.
A few days ago, the news that Jia Yueting, founder of FF, voluntarily filed for personal bankruptcy reorganization was confirmed that Jia Yueting had applied to the US court for personal bankruptcy reorganization in accordance with Chapter 11 (chapter 11) of the relevant US law. According to the scheme, all FF shares and related income rights held by Jia Yueting are officially transferred to the creditor trust, which will be controlled and managed by the creditor committee and the trust trustee. This means that since the outbreak of the Letv crisis, FF, which has been regarded as the hope of repayment, no longer belongs to Jia Yueting. In the face of the approaching debt, is Jia Yueting able to evade debt repayment? In this regard, responsible for the agent.
According to relevant media reports on October 11, Jia Yueting, the future founder of Faraday, submitted the relevant documents on personal bankruptcy reorganization to the US court. According to the document, Jia Yueting will transfer all assets to creditors through a previous trust, which is controlled and managed by the creditors' committee and the trust trustee. Jia Yueting submitted bankruptcy restructuring to the United States, Jia Yueting himself and his domestic debt group did not explain the "bankruptcy restructuring." Faraday officially announced today that in order to thoroughly solve the personal domestic debt problem, Faraday Future founder and CPUO...
The news that Jia Yueting, the founder of FF, voluntarily applied for personal bankruptcy reorganization was confirmed that according to the plan, all FF shares and related income rights held by Jia Yueting were formally transferred to the creditor trust, which will be controlled and managed by the creditor committee and the trust trustee. In addition, the debt handling team told the media that so far, Jia Yueting has repaid more than 3 billion US dollars in debt, and the total outstanding debt is about 3.6 billion US dollars. If you subtract the secured debt that has been frozen for disposal of domestic assets and convertible shares, Jia Yueting's remaining net debt is about 2 billion US dollars. FaradayFuture released on October 14 th.
Jia Yueting, founder and former CEO of Faraday FF, has filed for divorce after it was revealed that he had gone bankrupt and was compensated by his wife Gan Wei for a "sky-high price" of nearly 571 million US dollars (3.983 billion yuan).
Leeco was fined 240.6 million yuan for financial fraud, fraudulent issuance and other illegal acts, and its controller Jia Yueting was fined 241.2 million yuan, Leeco announced on April 12. According to the investigation of the Beijing Securities Regulatory Bureau, Leeco has five violations: 1, Leeco made financial fraud from 2007 to 2016, and there are false records in its application for initial public offering and listing (hereinafter referred to as IPO) and the annual report from 2010 to 2016; 2, Leeco failed to disclose related party transactions; 3. Leeco did not disclose related party transactions.
According to Tianyan App, recently, Jia Yueting added a number of executive messages, the case numbers are (2021) Jing03 Zhihui 264, (2021) Jing03 Zhihui 265, etc., with a total execution target of more than 4 billion yuan. The enforcement courts are all Beijing No. 3 Intermediate people's Court. Among them, the relevant person subject to execution also includes Letv Holdings (Beijing) Co., Ltd. At present, the total amount of execution of Jia Yueting has exceeded 9 billion yuan. On the morning of July 22, US time, Faraday Future officially listed on the NASDAQ Stock Exchange and held a bell-ringing ceremony under the ticker symbol.
According to the Faraday Future official account, FF Global Partners issued a letter to the creditors of the company's founder, Mr. Jia Yueting. FF said in the letter that it is hoped that all creditors will vote in favor of the bankruptcy restructuring of Jia Yueting, founder of FF. Only if FF is a great success, can Jia Yueting achieve full or even over-payment of debts, realize his desire to fulfill his duties to creditors, and FF's dream of building a shared intelligent travel ecosystem and transforming the automobile industry. FF also stressed that FF91 is only one step away from mass production, and FF has filed nearly 1500 patent applications in the past six years.
On Thursday, local time, Faraday Futures, a US electric car company, acknowledged in a regulatory filing with the US Securities Commission (SEC) that some members of the company's management team and employees had received security notices and subpoenas from SEC staff in the United States. The reason for the investigation is that Faraday Future is suspected of releasing inaccurate information to investors. Faraday said in the future that he had previously taken the initiative to contact the US Securities and Exchange Commission on the special committee's investigation and is now fully cooperating with the US Securities and Exchange Commission's investigation. In addition, Faraday said in the future that due to delays caused by internal investigations, it is not expected to meet the deadline.
Jia Yueting posted on Weibo on September 21 that FF 91 won the first place after dozens of real users, investors and FPO, beating the three luxury cars Mercedes-Benz S Maybach, Rolls-Royce Curinan and Lamborghini bison. In addition, it also said that at 919 Futurist Day, hundreds of Futurists witnessed the FF 91 Futurist one-on-one global ultra-luxury pinnacle car competition, which is not only the ultimate match between the smart technology luxury FF 91 Futurist and the traditional super luxury strong.
The rise of new energy vehicles also gives the new forces of car building an opportunity to develop, but in fact, as an emerging industry, new energy vehicles cannot achieve excellent results in a short period of time even with the support of some policies. now after the subsidy has gone downhill, the development prospect of the new force of car building will be more severe. Faraday is one of the car builders in the future. although its founder, Jia Yueting, lives abroad, there is a lot of positive and negative news. For example, in March this year, Faraday revealed that it would sell its Los Angeles headquarters to raise money and offer $400 million, while the previously exposed FF91 is still.
J Capital Research, an American short seller, released a 28-page short selling report on FF on Oct. 7, saying that through site visits, analysis of FF's financial data and technical capabilities, R & D investment, and combined with a series of post-IPO capital operations, it said bluntly that it did not think FF could sell even a car. At the same time, the report also pointed out that FF broke its promise to build plants in five places in the United States and China, but repeatedly delayed the construction of a sixth plant. The agency said it visited FF's Hanford, California, USA three times from August to September.
After eight years of car construction, the official of Faraday Future Automobile (FF), founded by Jia Yueting, announced that the first model, FF91, will officially launch a production version of FF91 live online at 8: 00 a.m. on February 24, Beijing time.
Letv founder Jia Yueting's American electric car startup Faraday future FF has new news. FF signed a formal agreement with South Korean carmaker Myoung Shin to start manufacturing FF81 electric vehicles for FF cars in 2024. This is the latest product development since FF announced that it will produce its limited-run FF91 EV in the third quarter of this year. As to whether this plan can be landed, we need to wait until 2024.
On February 1, local time, the independent director investigation committee of Faraday Future Motor (FF), set up in response to the short selling allegations, released a report, saying that the special committee had completed the previously announced investigation into the short selling allegations. The investigation found that the information released by the company's investors was inconsistent with the facts, and there were some weaknesses in corporate governance and compliance, but There is no evidence of other problems mentioned in the shorting report.
According to a number of media reports, the US electric car company FF (Faraday Future) formally submitted S4 listing documents to the US Securities Regulatory Commission. As the most important legal registration document in the listing process of US Securities Regulatory Commission, the submission mark of S4 document, FF, is expected to enter the countdown to NASDAQ in the second quarter, and the listing transaction process may be completed within May. FF expects to deliver the first batch of mass-produced electric vehicles in 2022 and more than 450000 units by 2025, according to S4 listing documents. Property Solutions Acquisitions (PSAC...
On December 19th, Jia Yueting's debt handling team said on Weibo that the US court supported Jia Yueting's personal bankruptcy reorganization to continue in California, and the motion to revoke the reorganization was rejected. With regard to Jia Yueting's claim that "bankruptcy reorganization is supported by the Delaware court," industry insiders said that this is only a simple procedural decision, and the Delaware court believes that it does not have jurisdiction over bankruptcy reorganization. Therefore, the transfer of the case to the California court, that is all, cannot be regarded as the Delaware court's support for Jia Yueting's bankruptcy reorganization. And for Jia Yueting debt processing team said that "lazy wealth cancellation restructuring motion was rejected."
On October 14, Jia Yueting's debt handling team officially released relevant information about Jia Yueting's application for personal bankruptcy reorganization in the United States. according to its contents, Jia Yueting will set up a creditor trust and transfer all assets in the United States to creditors. As the news spread that Jia Yueting had filed for personal bankruptcy reorganization in the United States, his personal financial situation was also exposed. After the completion of the plan, Jia Yueting will no longer hold any stake in Faraday Future. Jia Yueting filed for bankruptcy on October 14, according to documents disclosed on the Epiq Cases website of the bankruptcy company.
Heavy! The National Development and Reform Commission plans to relax car purchase restrictions and increase license plate indicators in an all-round way
China's car sales continue to decline and the trend of car consumption is gradually declining. in such an environment, the National Development and Reform Commission is expected to guide further liberalization of the purchase restriction policy and comprehensively encourage automobile consumption. According to the online documents, the National Development and Reform Commission issued the implementation Plan for promoting the Renewal of consumption of Automobile, Home Appliances and Consumer Electronics to promote the Development of Circular economy (2019-2020), which plans to further expand the consumer market such as automobiles, promote the development of circular economy, and deepen supply-side structural reform. The document also describes in detail the specific implementation plan, and there are nine supporting regulations in the automotive field. The most important of these is the purchase restriction city.
2019-04-17 17:36:07Details
All of a sudden! A Tesla in Dongguan was suspected of getting out of control and crashed into multiple cars and destroyed the shop door.
A # Tesla suspected of getting out of control and crashing into multiple cars crashed into the store door # news quickly rushed to the hot search list of Weibo. According to electric shock news and other media reports, on March 4, a Tesla was suspected to be out of control in a traffic accident in Chigang, Humen, Dongguan, Guangdong. After crashing into a BMW, he crushed a Toyota under the car and ended up with a shop facing the street.
2023-03-04 16:56:32Details
The latest delivery list of new forces, Wei Xiaoli dropped by double digits compared with the previous month.
On August 1, the new power brands NIO, Xiaopeng, ideal, Nezha and Zero announced the latest monthly delivery results. According to the ranking of the "Tramway report", the delivery volume of mainstream new power brands was more than 10,000 in July, of which the best performance was Nashi, with 14036 cars, followed by zero-running cars.
2022-08-02 10:28:37Details
Another independent brand was born. Hanlong's first model is "domestic range Rover"?
The Zhongtai version of the "domestic range Rover" has been published for nearly two years since the real car was exposed, and there has been no news of mass production and listing. Now the car has finally been officially unveiled, but it will not be launched as the infamous Zhongtai Motors. It belongs to the new brand "Hanlong Automobile". Hubei Daye Hanlong Automobile Co., Ltd. was established in January 2016 and is headquartered in Daye City, Hubei Province, according to official data. It is a modern new energy automobile parts manufacturing enterprise integrating new energy vehicle design, development, manufacturing, sales and after-sales service. it is also a professional system of automobile engine products, spare parts supporting system products and automobile maintenance.
2019-08-29 11:29:05Details
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