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  Equity freeze! Chongqing Lifan Holdings reduced its holdings of 2.1 million Lifan shares

  On September 24th, Lifan shares issued an announcement revealing that Chongqing Lifan Holdings Co., Ltd. held 620642656 shares of Lifan Industrial Co., Ltd before the reduction, accounting for 47.24% of the company's total share capital. As of September 23, 2019, the company's major shareholder, Chongqing Lifan Holdings Co., Ltd., has reduced its holdings of 2100000 Lifan shares through centralized bidding, accounting for 0.16% of the company's total share capital. There are consistent actors in the main body of the reduction, which are Yin Mingshan, Chen Qiaofeng, Yin Xidi and Yin Suowei, except Yin Mingshan's shareholding ratio of 0.13.

  Lifan Holdings reduced its stake in 2.1 million Lifan shares 2019-09-25
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  604 million shares of Lifan Motor were frozen, and many dealers chose to withdraw from the network.

  According to a notice issued by Lifan shares, about 604 million shares held by the controlling shareholder Chongqing Lifan Holdings Limited (referred to as "Lifan Holdings") have been frozen, accounting for 97.28% of the company's shares held by Lifan Holdings. It accounts for 45.96% of the total share capital of Lifan shares, with a freeze period of 3 years. After the collapse in sales and losses in performance, Lifan is now in deep trouble. According to the May production and sales KuaiBao announcement released by Lifan, production of traditional passenger cars fell 87 per cent in May from a year earlier to 1066, with a cumulative total of 16335 from January to May, down 62 per cent from a year earlier. In terms of sales, May is real.

  Cars dealers Lifan shares were frozen 2019-06-26
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  46.87% of Lifan's equity has been frozen, and the new energy and motorcycle industries continue to decline.

  In the face of the continuing downturn in the automobile market environment, Lifan shares publicly showed that they had lost 947 million yuan in the first half of the year and announced a few days ago that they wanted to return to the motorcycle industry to seek survival. According to the production and sales data released by Lifan, in the first half of the year, Lifan's sales of traditional passenger cars were 21000, down 62.6% from the same period last year, while sales of new energy vehicles were only 1257, down 60.7% from the same period last year. Lifan's loss of 947 million yuan in the first half of the year is not surprising. On September 12, Lifan shares announced again that the company's controlling shareholder, Chongqing Lifan Holdings Co., Ltd. (hereinafter referred to as "Lifan Holdings").

  New energy industry decline Lifan 2019-09-13
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  Facing the risk of bankruptcy, 10 subsidiaries of Lifan were applied for judicial reorganization by creditors.

  With continuous losses, Lifan shares are mired in a debt crisis. On July 10, Lifan shares announced that 10 wholly-owned subsidiaries were applied to the court for judicial restructuring by creditors because they were unable to pay off their maturing debts, and the company would risk being declared bankrupt due to the failure of the restructuring. In a notice on creditors applying to the court for judicial restructuring of the company's wholly-owned subsidiaries, Lifan shares revealed that 10 of the company's subsidiaries had been applied for judicial restructuring by creditors because they were unable to pay off their maturing debts. The companies that have been applied to the court for judicial reorganization by creditors include Lifan passenger cars, Lifan automobile sales, Lifan import and export company, Lifan motorcycle hair.

  Lifan automobile 2020-07-11
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  Resurrection is hopeful! Lifan restructuring plan and investor rights adjustment plan have been passed.

  Due to increased competition and shrinking volume in the domestic market, ​ 's performance has plummeted repeatedly because it is unable to pay off its maturing debts, and Lifan has already been filed for bankruptcy reorganization by the supplier. Thanks to the fact that it still has the value of restructuring, Lifan shares have made new progress in bankruptcy restructuring recently.

  Lifan 2020-11-26
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  Lifan Yin Mingshan was filed by the Securities Regulatory Commission for investigation on suspicion of illegal disclosure of information.

  Yin Mingshan, the 82-year-old Lifan controller, was investigated by the CSRC. Now Lifan is in a state of restructuring in a business crisis, and the huge debt makes it difficult for the autonomous car giant. A few days ago, Lifan shares issued an announcement that the company received notice from controlling shareholder Lifan Holdings and the actual controllers of the company, Yin Mingshan, Chen Qiaofeng, Yin Xidi and Yin Suowei, who received the "notice of investigation" issued by the China Securities Regulatory Commission on October 12 and 13 respectively. The CSRC decided to file a case against Lifan Holdings, Yin Mingshan, Chen Qiaofeng, Yin Xidi and Yin Suowei on suspicion of illegal information disclosure. The announcement also shows that force.

  Lifan 2020-10-14
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  Lifan shares: the court ruled to accept judicial reorganization, and the stock was delisted as a risk warning.

  Lifan shares said in an announcement that the court had ruled to accept the restructuring and that the company was at risk of being declared bankrupt due to the failure of the restructuring. At the same time, the company's stock was delisted risk warning, the stock abbreviation was changed to "* ST Lifan".

  Lifan Lifan car 2020-08-23
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  Another autonomous car company became insolvent and applied to the court for restructuring.

  On the evening of August 6, Lifan shares announced that the controlling shareholder, Chongqing Lifan Holdings Co., Ltd. (hereinafter referred to as "Lifan Holdings"), on the grounds that it was unable to pay off its maturing debts and its assets were insufficient to pay off all its debts, apply to the Fifth Intermediate people's Court of Chongqing (hereinafter referred to as "the Court") for judicial reorganization. At present, Lifan Holdings has submitted an application for restructuring to the court, which may have an impact on the company's ownership structure. According to the announcement, Lifan Holdings has been facing debt risks since 2017. although it has tried its best to formulate relevant plans and resolve related problems through a variety of ways, it still cannot completely get rid of its liquidity crisis.

  Lifan shares 2020-08-07
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  Being filed for bankruptcy and restructuring, Lifan is facing a serious crisis.

  ​ is now the domestic automobile market accelerating changes in the market environment, so that many marginal car companies feel difficult. A few days ago, Lifan shares issued a notice that the company received a "notice" served by the court. Jiali, the creditor, applied to the court to restructure the company on the grounds that the company was unable to repay its due debts and obviously lacked solvency, but still had the value of restructuring.

  Lifan shares 2020-06-30
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  Lifan's account is frozen and unable to repay its debts, and its financial situation is worrying.

  Sales decline, performance losses, factory shutdown, deep debt, Lifan suffered the biggest crisis in history. On December 17, Lifan shares announced that the company used 449 million yuan of idle funds raised by the previous non-public offering shares to temporarily replenish 10 million yuan of the working capital on December 17, 2019. Because the special account of raising funds opened by the company related to the previous non-public offering shares has all been frozen, in order to ensure the safety of the company's funds, it is temporarily unable to return to the raising fund account. In addition, Lifan due to financial constraints, part of the funds raised before has not yet been bad, delinquent so far. In the announcement, Lifan said.

  Lifan 2019-12-18
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  The output in July was only 34, and the old car, Enterprise Lifan, was too miserable.

  In the first half of the year, sales of traditional passenger cars were 20800, down 62.55% from the same period last year. In July, when the sixth national standard was implemented, Lifan car production and sales fell sharply again. The production and marketing report of Lifan shares shows that the company produced only 34 traditional passenger cars in July 2019, down 99.58% from January to July last year, down 70.97% from January to July. In July, Lifan sold 678 traditional passenger cars, down 91.43% from January to July, down 66.16% from January to July. In addition, Lifan, which started with motorcycles, has also appeared in terms of motorcycle sales.

  Car Lifan 2019-08-15
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  Geely officially participated in the restructuring of Lifan

  According to Lifan's latest announcement, Geely confirmed its participation in the judicial restructuring of Lifan. A few days ago, Lifan issued a "Progress notice on recruiting restructuring investors", saying that Chongqing Liangjiang Equity Investment Fund Management Co., Ltd. and Geely Maijie Investment Co., Ltd. as a consortium, the application materials for investors with intention to restructure were submitted to the manager in accordance with the provisions of the recruitment announcement. For the application materials, the manager conducted a strict examination; within the time limit specified by the manager, Liangjiang Fund and Maijie Investment paid a deposit and signed a confidentiality agreement. Confirmed by the manager, Liangjiang Fund, Maijie investment registration is valid, now as the intention to restructure investment ginseng.

  Lifan Geely 2020-10-03
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  Lifan lost 2.6 billion yuan in the first three quarters.

  Domestic car companies opened the prelude to reshuffle, loss-making operation has become the norm. On October 25, Lifan released its third-quarter results report in 2019. In the first three quarters, the company achieved an operating income of 6.686 billion yuan and a loss of 2.633 billion yuan. Lifan shares lost 947 million yuan in the first half of this year, meaning that Lifan lost 1.686 billion yuan in the third quarter alone. Behind the operating loss is a sharp decline in Lifan's business. According to Lifan's September production and sales report, the company sold 22000 traditional passenger cars from January to September, down 72.25% from a year earlier; in the previous September, the company sold a total of 2035 new energy vehicles, year-on-year.

  Lifan car Lifan lost money Lifan's current situation 2019-10-26
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  Is there any chance of survival? The production and sales of Lifan car were all 0 in February.

  On the evening of March 12, Lifan released its February production and sales KuaiBao. KuaiBao showed that the production and sales of both traditional passenger cars and new energy vehicles were 0 in February this year, down 100% from January to February. The cumulative production and sales of traditional passenger cars from January to February were 143and 55 respectively, down 98.54% and 99.47% from the same period last year. The cumulative production and sales of new energy vehicles were 15, down 95.38% and 96.74% respectively from the same period last year. It is worth mentioning that in the context of the overall decline in automotive business, Lifan shares' old motorcycle business is particularly dazzling, with sales of 43569 motorcycles in February, up 1. 5% from a year earlier.

  Lifan automobile 2020-03-13
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  "Yin's era" is a thing of the past, and Lifan's controlling shareholder / controller has changed.

  On December 22nd, * ST Lifan announced that the listed company was successfully restructured and its controlling shareholder was formally changed from Lifan Holdings to Chongqing Manjianghong Equity Investment Fund Partnership (Limited Partnership) (hereinafter referred to as "Manjianghong Fund"). Chongqing Manjianghong Enterprise Management Co., Ltd. (hereinafter referred to as "Manjianghong Company") will become the actual controller of the company. On November 10, Lifan Motor announced that the Chongqing Fifth Central people's Court ruled on the reorganization of Lifan shares in accordance with the law on August 21, 2020, and made (2020) Chongqing 05 Breaking No. 193 "decision" on the same day, designating Lifan enterprise liquidation group as Lifan shares.

  Lifan automobile 2020-12-23
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  Che Hejia completed the acquisition of Chongqing Lifan Automobile Co., Ltd., renamed Chongqing ideal Intelligence Automobile Co., Ltd.

  According to the news on the 23rd, according to the enterprise system inquiry, Chongqing Lifan Automobile Co., Ltd. has changed its name to "Chongqing ideal Intelligence Automobile Co., Ltd.", which means that Cha Hejia has acquired Chongqing Lifan qualification and completed the transfer formalities. Che Hejia has officially obtained the qualification to build a car. In December 2018, Chongqing Xinfan Machinery and equipment Co., Ltd. bought Chongqing Lifan Automobile Co., Ltd. for 650 million yuan. Chongqing Xinfan's physical control company is "car and Home". It is worth noting that the Lifan we are talking about is actually a Lifan passenger car. Lifan industry's Qiangfan car and Lifan passenger car two car building qualifications, all cars under Lifan.

  Success at home 2019-02-23
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  Lifan was sued for 1.4 billion yuan, and a number of suppliers were in arrears.

  After the decline in sales, the qualification for land sales and the freezing of shares, Lifan Motor was also sued by auto parts suppliers and financial companies for a huge sum of money, demanding a payment of more than 1 billion yuan. A few days ago, Wanan Science and Technology announced that its wholly-owned subsidiary Zhejiang Zhuji Wanbao Machinery Co., Ltd. had submitted a civil complaint to the people's Court of Zhuji City, Zhejiang Province on July 22, requiring Chongqing Lifan passenger car Co., Ltd., a subsidiary of Lifan Co., and Beibei Branch of Lifan Automobile to pay about 6.0757 million yuan. Wanan Science and Technology Bulletin said that since 2007, Lifan passenger car, Lifan passenger car Beibei branch continues to.

  Sue supplier Lifan 2019-07-30
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  Lifan only retained the motorcycle business, and many media reported that Geely's takeover of Lifan was a foregone conclusion.

  According to media reports, Geely Motor's acquisition of Lifan shares is a foregone conclusion. At that time, Lifan will only retain the motorcycle sector, and the rest will be taken over by Geely Motor, "including shell resources of listed companies, production qualifications, financial licenses, and so on." In addition, after Geely takes over Lifan, it will get the local Yuanyang plot in Chongqing, which is currently worth 10 billion yuan. With regard to Geely's acquisition of Lifan, some media have sought confirmation from Yang Xueliang, vice president of Geely Automobile Group, but it has not been confirmed as of press time. In fact, rumors about Geely's acquisition of Lifan were already reported as early as June, when there were media reports that Geely Holdings planned to inject capital into Lifan Holdings.

  Lifan Geely 2020-08-06
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  Does Lifan want to produce models for Geely? Geely Group responded

  According to the Financial Associated Press, Lifan said at the second interim shareholders' meeting in 2020: "once the restructuring work is completed, we will first mass-produce the 80V'of the electric MPV' maple leaf of Geely Technology Group." On November 10, Lifan Automobile announced that on August 21, 2020, the Chongqing Fifth Central people's Court ruled on the reorganization of Lifan shares in accordance with the law, and made (2020) Chongqing 05 Breaking No. 193 "decision" on the same day, designating Lifan enterprise liquidation group as the manager of Lifan shares, responsible for carrying out the restructuring work. In this reorganization, the manager confirmed through open recruitment.

  Lifan car Geely car 2020-11-16
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  Lifan car "resurrected", Wanda car collapsed!

  On January 31, shared car platform Panda issued a notice on the suspension of operation of Chongqing Panda car Rental Co., Ltd. According to the notice, due to operational reasons, Chongqing Panda car Leasing Co., Ltd. decided to suspend operations from February 1, 2021. Panda said that it has begun to assist users to refund illegal deposit and accident payment in an orderly manner. At the same time, for those users who still have a balance in the account, a corresponding refund mechanism has been launched. Data show that Chongqing Panda car Rental Co., Ltd. was established in May 2015, is a new energy timeshare rental car company of Lifan Group. 201...

  Lifan automobile 2021-02-02