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Leeco, founded by Jia Yueting, has recently pulled 15 trading limits and its share price has nearly doubled. Although Jia Yueting is no longer the legal representative of Leeco, some outsiders believe that this is thanks to the future of Jia Yueting and the car company Faraday he founded.
On the evening of January 17, Shanxi Securities issued a notice saying that the holding subsidiary Zhongde Securities received a civil complaint served by the Beijing Financial Court, demanding Leeco to compensate for a total of 4.571 billion yuan in investment losses caused by its misrepresentation, and asked the other 20 defendants, including Sino-German Securities, Sino-Thai Securities, Ping an Securities and so on, to bear joint and several liability. On January 18, Shanxi Securities issued another announcement, and Sino-German Securities, a controlling subsidiary, received the "notice of filing a case" from the China Securities Regulatory Commission because the sponsor business was suspected of violating the law and regulations in Letv's non-public stock offering project. China Securities Regulatory Commission decided to file a case against Sino-German Securities. According to the data, Letv.
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.
On September 12, the 141 million shares held by the Jia Yueting brothers ended their public auction. It is understood that 141 million Leeco shares were divided into eight tenders, of which four were successfully auctioned for 44.1 million shares, with a corresponding price of 82.9521 million yuan. A total of 96.59 million shares of the remaining four equity targets have been declared unsuccessful. According to the ruling of the third Intermediate people's Court of Beijing, the applicants involved in the auction include Minsheng Trust, Ping an Bank, Guotai Junan and Huafu Securities. The details of the auction are as follows. Jia Yueting holds about 120 million Leeco shares, which are divided into six targets for auction. Among them, 2.
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.
On July 12, Letv Automobile (Beijing) Co., Ltd. added two pieces of information about the person subject to execution, the case numbers are (2021) Beijing 0105 holding No. 29352 and (2021) Beijing 0105 holding No. 29351, the plaintiffs are both Leeco Information Technology (Beijing) Co., Ltd., the total amount of the two execution objects is 30 million yuan, and the related case is an advertising contract dispute. According to enterprise investigation, Letv Automobile currently has four items of untrustworthy information, totaling 5.5 million yuan, which has been executed 11 times in history, totaling 8.8204 million yuan. When it comes to Letv cars, we may not be familiar with them, but when it comes to the future of Faraday,
According to the information on the website of the China Securities Regulatory Commission, the applicant Jia Yueting disagreed with the administrative penalty decision ((2021) No. 16) and the market ban decision ((2021) No. 7) made by the applicant, apply to the China Securities Regulatory Commission for administrative reconsideration
According to the China Executive Information Disclosure Network, Jia Yueting was listed by the Beijing Financial Court as a breach of trust by the Beijing Financial Court because he "refused to perform the obligations determined by the effective legal documents because of his ability to perform." the applicant is the China Securities Regulatory Commission, involving Jia Yueting's case of being fined 241 million yuan by the China Securities Regulatory Commission. April 2021, China Securities Regulatory Commission
On Sept. 3, FF announced that founder Jia Yueting would resign as CEO to become CPUO (Chief Product and user Officer) and appoint Bi Fukang, former chairman of Baiteng, as FF global CEO. At the same time, FF also said that founder Jia Yueting will join hands with Bi Fukang to build a stronger product technology and global management team, and will continue to promote changes in the top-level governance architecture. FF insiders revealed that changes in the partner's system and top-level governance structure were brewing internally about a year ago. At the beginning of this change, Jia Yueting was determined to resign from CEO, because only in this way can more outstanding talents be attracted to the company. Jia.
Coinciding with Father's Day, Jia Yueting today posted on Weibo that "FF:FF is like my child, and I will always be proud of it." FF partners and I will continue to be fully engaged and lead the automotive industry to change in the direction of Internet smart electric. Happy Father's Day to all of you! " With a picture of the FF concept car In this regard, many netizens on Weibo asked Jia Yueting when he would return home. Data show that FF was founded in 2016. in October 2016, the capital chain crisis of Letv system broke out and the stock price began to fall all the way. In May 2017, Letv laid off staff and encountered debt collection from suppliers. Jia Yue two months later.
Recently, according to App, Beijing Yingda Capital Management Co., Ltd. (a wholly-owned subsidiary of State Grid Co., Ltd.) sued Jia Yueting and Letv Automobile (Beijing) Co., Ltd., due to a loan contract dispute. The related case, Jing 04, will be heard in Beijing's fourth Intermediate people's Court on November 10. It is worth noting that on October 12th, about 96.5912 million shares of Leeco Information Technology (Beijing) Co., Ltd. held by Jia Yueting were auctioned online, according to Ali auction official. Among them, 1200 shares were worth 1805.76 million shares.
On the morning of July 22nd, Faraday Future officially listed on the NASDAQ Stock Exchange and held a bell-ringing ceremony to begin official public trading under the stock code "FFIE". It is worth noting that although Jia Yueting, the future founder of Faraday, also came to the Nasdaq Stock Exchange, he did not appear on the bell-ringing platform, but watched the arrival of this moment offline. Faraday's future listing for Jia Yueting, perhaps the greatest significance is to ease the financial pressure. Jia Yueting said in an interview with China Business News that Faraday's future listing intention.
On June 25th, Faraday Future (Faraday Future) officially announced that the Securities and Exchange Commission (SEC) approved the joint listing plan of Faraday Future (Faraday Future) and Property Solutions Acquisition Corp. (PSAC). It is understood that shareholders of PSAC will hold a meeting on July 20, 2021 to approve the formal merger with Faraday Future by shareholder vote. After obtaining the approval of PSAC shareholders and complying with other practices, the terms of deal.
Jia Yueting's loan has not been repaid, and the execution target exceeds 150 million yuan.
Auto industry attention reported on June 11, 2021, Letv and Jia Yueting are making new moves, and Letv's video mobile app released a new update yesterday. From the update log of the new version of the application, there is no functional update in this version, and it seems that the biggest update is just to change the icon of the application. In the new version of the icon, a line of text is added at the bottom of the iPhone icon, "Luo Pang Shake plays Zhen Huan", and the new text at the bottom of the Android version is "Boss car America". A complete "limerick" has also been compiled in the details of the app store: the master has always been in the folk, and he named me optimistic, Luo.
Jia Yueting, founder of FF, posted on Weibo on Oct. 27 that it has only been 21 months since he last congratulated Tesla on breaking through the market capitalization of 100 billion US dollars, and now Tesla has exceeded 1 trillion US dollars. This is a moment enough to write down the history of new energy vehicles. Tesla has become the fifth largest technology company in the world with a market capitalization of more than a trillion US dollars, and also exceeds the combined market capitalization of 11 traditional car companies, including Toyota, Volkswagen, General Motors and Ford. In addition, it also said that the social value that FF futurists eventually want to create will be constantly recognized by the majority of users and capital markets, and eventually in the company.
On Aug. 30, BNP Paribas Energy Transformation Fund invested $40 million (about 250 million yuan) in FF on behalf of BNP Paribas Asset Management, according to Faraday Future filings with the Securities and Exchange Commission (SEC). It is understood that BNP Paribas Energy Transformation Fund is one of the investors in FF listed PIPE. At present, BNP Paribas Asset Management has 445 billion euros of assets under management, which is the investment management business of BNP Paribas, a large international financial institution, and ranks among the top 30 fund companies in the world. Last month, Jia Yueting built it all by himself.
On the morning of July 22nd, Faraday Future officially listed on the NASDAQ Stock Exchange and held a bell-ringing ceremony to begin official public trading under the stock symbol "FFIE." FFIE's offering price was $13.78 and barely closed 1.45% higher on the first day, closing at $13.98, with a total market capitalization of $4.535 billion. However, FF's share price has nearly halved less than three months after its listing. FF shares fell 4.17% to $8.05 as of Oct. 8, down 41.58% from their offering price of $13.78.
As of Sept. 23, U.S. stocks closed at $0.767 per share, up 2.9% at Faraday Future, leaving a total market capitalization of just $252 million. It is understood that Faraday will be officially listed on the NASDAQ Stock Exchange in the United States on July 22, 2021.
Recently, Chinese Express has been out of circles frequently. On January 17, Chinese American Express formally signed a cooperation agreement with Qingdao, including that Chinese American Express will set up a China headquarters in Qingdao and set up a high-tech automobile sales and service company to build a world-class R & D technology center for the world. On January 19th, the Chinese American Express car brand Gaohe announced that the 5000 car of the luxury intelligent SUV Haohe HiPhi X was officially off the line. On the same day, according to market news, Chinese Express is considering a US $500m Hong Kong IPO to work with UBS and Morgan Stanley on IPO matters. Chinese Express did not respond to the market news. ...
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.
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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.
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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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