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After Lifan Motor and Zhongtai Automobile, brilliance Group has also received extensive attention because of its financial problems. Brilliance Automotive Group Holdings Limited (hereinafter referred to as "brilliance Group") responded to the default of 1 billion of its bonds on October 26, saying that "there are indeed temporary funding difficulties, so it is unable to repay maturing bonds on schedule." the group is actively working on solutions, and it is believed that brilliance will actively and properly solve the bond problem. " On October 23, brilliance Group failed to pay 1 billion yuan of private equity bonds "17 Huaqi 05" on schedule, resulting in a substantial default. According to the relevant rules, brilliance Group is currently deposited.
On March 5, Xilai Motor announced the completion of another $235 million convertible bond financing project, invested by several non-related party Asian investment funds. The convertible bond will mature on March 5, 2021. Before the maturity of the bill, the holder of the bill has the right to convert all or part of the principal of the bill into Class A common shares. So far, Xilai Motor has completed a total of 435 million US dollars in convertible bond financing projects. Prior to this, Lai Motor announced on February 6 and February 14 respectively that it had completed US $100 million in convertible bond financing and a cumulative total of US $200 million in convertible bond financing. The problem of funding is still the current difficulty for the car company.
Recently, SAIC Group said to the outside world that it intends to apply for the issuance of corporate bonds of no more than 20 billion yuan (including) in the form of storage shelves, so as to flexibly and efficiently meet the current and future capital needs, and establish a long-term, low-cost, multi-level financing system. It is understood that the funds raised by SAIC's bond issue will be used to supplement SAIC's liquidity, R & D innovation and project construction, as well as other laws and regulations. In fact, this is not the first time SAIC has raised funds for R & D and innovation. SAIC raised 15 billion yuan in a private offering as early as January 2017.
Xilai Motor announced the completion of a cumulative $100m convertible bond financing project, which was bought by two Asian investment funds of $70 million and about $30 million respectively, both of which were "non-related parties".
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.
Xilai announced that it has completed another $100m convertible bond financing project, with a total financing of $200m (about 1.4 billion yuan) this year. According to the announcement, Ulai has signed convertible bond subscription agreements with two Asian investment funds that are not related to it, and will issue and sell convertible bonds with a total principal of US $100 million to buyers in the form of a non-public offering. At the same time, the bond issue has an interest rate of zero and will mature on February 4, 2021. Not long ago, Weilai also announced a financing of US $100 million, which was also invested by unrelated Asian investment funds. Therefore, Weilai enters 2020.
Today, the famous US bond rating agency Moody's downgraded Nissan's credit rating, downgrading the previous "A2" to "A3", adding that Nissan's outlook is negative. The reason for the downgrade was that the company's North American performance data were worse than market expectations, which cast a shadow over Nissan, which adjusted its business after the decline. Nissan's annual operating profit fell 45 per cent in the year to March and forecast a 28 per cent drop in profits for the current fiscal year, affected by the arrest of former chairman Carlos Ghosn and its declining performance in North America. "the downgrade reflects Nissan's continued decline in profitability, mainly due to weak sales in North America," said Liu, deputy chief executive of Moody's.
Brilliance Automobile Group, once a well-known independent car company, is now in trouble because of its huge debt. Brilliance auto funding crisis broke out as a result of failing to repay maturing bonds on schedule. On November 2, the Shanghai Stock Exchange issued a notice giving a written warning to brilliance. According to media reports, the Liaoning provincial government is said to be considering promoting judicial restructuring of brilliance Automobile Group. Brilliance Automobile Group confirmed in an announcement that the 1 billion yuan private bond "17 Huaqi 05" could not be repaid on schedule. Brilliance was supposed to pay 1 billion of the principal of 17 Huaqi 05 before 16:00 on October 21.
Recently, Hillhouse Capital recently filed with the American Stock Exchange that as of December 31, 2019, Hillhouse Capital will no longer hold shares in Lulai Motor, and the cooperation between the two sides has officially come to an end. According to data, Hillhouse Capital led the investment of US $100 million in the A-round financing of Xilai Automobile in 2015, and then continued to follow in the C-round financing and C + round financing. In September 2018, Xilai listed on the New York Stock Exchange, with Hillhouse holding 7.5% of its shares, making it the third-largest shareholder. On January 30th, 2019, Xilai issued convertible senior bonds with a total value of 650 million US dollars.
By the close of trading on the 25th, China Evergrande fell 9.46% to HK $13.78, and Evergrande Motor fell 12.76% to HK $16.82. Yesterday, a document circulated on the Internet, China Evergrande issued an urgent solemn statement to refute the rumors: "recently, rumors about the restructuring of our company have spread on the Internet, and the relevant documents and screenshots are fabricated and purely defamatory. Cause serious damage to the company's goodwill. The company strongly condemns that it has reported the case to the public security organs and resolutely used legal weapons to safeguard the company's legitimate rights and interests. "although Evergrande Group issued an emergency statement to refute the rumor, it opened low and left high in early trading, with a maximum increase of more than 6%.
Recently, due to the overdue payment of Huatai auto bonds, Hunan Anren Rural Commercial Bank sued Huatai Automobile Group Co., Ltd. and its legal representative Zhang Xiugen in court on the grounds of bond trading disputes. request the court to freeze Huatai Automobile and Zhang Xiugen bank deposits of 50 million yuan or seize assets of corresponding value, and this request has also been approved by the court. At this point, Huatai's debt crisis has further aggravated, and it can be said that "the house leak meets the rain all night." Huatai Motor has a long history of financial difficulties. As early as July 26, the Shanghai Stock Exchange issued a notice criticizing Huatai Automobile and recording it in the integrity files of listed companies. ...
Xilai ended 2019 with sales of 20565 electric vehicles, but declined in the first month of 2020. On February 10th, Xilai released sales figures, delivering a total of 1598 new cars in January, down 11.5% from a year earlier. In terms of specific models, 1493 were delivered by ES6 and 105 by ES8 in January. Among them, sales of ES8 electric vehicles fell sharply, down 95% from a year earlier, from 1805 in the same period last year to 105 in January this year, largely due to internal competition in the delivery of their own model ES6. Xilai Automobile said that the reason for the delivery volume compared with the same period last year.
On the evening of April 20, Jinbei Automobile and Shenhua Holdings announced that brilliance Group, the company's indirect controlling shareholder, had received a "prior notice of administrative punishment" from the China Securities Regulatory Commission. Brilliance Group disclosed 2017, 2018 annual reports suspected of false records and other problems, was fined a total of 53.6 million yuan, ordered to correct and given a warning. The contents of the announcement show that the annual reports of 2017 and 2018 disclosed by brilliance Group are suspected of having false records, and brilliance Group is suspected of fraudulently obtaining approval for the public offering of corporate bonds with false declaration documents. Brilliance Group non-public offering corporate bonds disclosure documents suspected of being false.
On November 13, the National Enterprise bankruptcy reorganization Information Network released that Gezhi Automotive Technology Co., Ltd. applied to the Intermediate people's Court of Shenyang City, Liaoning Province for the reorganization of brilliance Automobile Group holding Co., Ltd. the case number is (2020) Liao 01 Breaking Shen 27. According to Tianyan inspection information, Gezhi Technology is an automotive stamping die developer, engaged in the design, research, development, manufacture and sales of automotive stamping moulds. It mainly provides customized services for automotive stamping dies for automotive manufacturers and parts manufacturers around the world. Brilliance Automobile Group is all too familiar with China, Golden Cup, Huasong and brilliance BMW.
India's Tata Motors posted the biggest loss in Indian corporate history after a loss of $4.06 billion on revenue of $8.06 billion in the third quarter of 2019 (October-December 2018), according to results released on Feb. 7. The decline in sales, especially in China, where Jaguar Land Rover lost more than $4 billion in a single quarter, Jaguar Land Rover has already implemented a reduction plan to reduce book losses and losses, and plans to save 2.5 billion pounds over the next two years. however, there is still an urgent need for funds to make up for the big hole in last year's losses, so Jaguar Land Rover announced financing 1.
A rumor triggered a sharp change in the share price of Weilai. On the evening of Sept. 25, it was rumored that Xilai was considering raising about $3 billion (21.9 billion yuan) because of widening losses and had contacted investors from the Middle East. Financing is likely to take place in the first half of next year and negotiations are still under way. Receive
As an independent car company founded in the early 1990s, brilliance Group plays an important role in China's automobile industry. As an established automobile company, brilliance Group has been filed for bankruptcy reorganization by creditors after a huge debt, which has aroused widespread concern in the industry. Recently, the Shanghai Stock Exchange (hereinafter referred to as "Shanghai Stock Exchange") issued a "Disciplinary decision" for many actions of brilliance Group. Yan Bingzhe, chairman and legal representative of brilliance Automobile Group Holdings Co., Ltd. (hereinafter referred to as "brilliance Group"), and Gao Gang, then chief accountant and head of information disclosure affairs, were publicly condemned. The Shanghai Stock Exchange said the decision was.
After brilliance Group officially went bankrupt and reorganized, the Securities Regulatory Commission also decided to file a case for investigation.
On September 16, Jinbei Automobile and Shenhua Holdings issued announcements one after another, saying that brilliance Group, the company's indirect controlling shareholder, had received the CSRC's "administrative penalty decision". Brilliance Group was fined a total of 53.6 million yuan by the CSRC for a number of illegal acts such as illegal information disclosure in the interbank bond market. In addition, the relevant personnel were fined between 80, 000 yuan and 600000 yuan. In addition, both Jinbei Automobile and Shenhua Holdings said that the administrative penalty imposed by the China Securities Regulatory Commission on brilliance will not affect the company's daily production and operation activities. It is understood that on November 20, 2020, the China Securities Regulatory Commission was suspected of brilliance Group.
On August 12, a number of bonds owned by brilliance Automobile Group continued to plummet. 19 Huaqi 01 and 18 Huaqi 01 both fell more than 20%, 19 Huaqi 02 fell more than 14%, 17 Huaqi 01 fell more than 9%. For the continued decline in its bonds, brilliance said that it had set up a debt committee, which mainly took the lead in Everbright Bank, mainly coordinating relevant creditors not to draw loans, suppress loans, break loans, and continue to give financial and financial support to the company. According to the rating report released by Oriental Jincheng, at the end of March 2020, brilliance Holdings had total assets of 175.437 billion yuan and total liabilities of 122.675 billion yuan.
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
New appointment! A car company's personnel adjustment
Starting from 146,000 yuan ! Linker Z20 pre-sale
Xiaomi SU7 hit a guardrail and caught fire! official response
Sold for 349,900 yuan! The new Cadillac XT6 dropped 100,000 on launch
There is no way to continue! An automobile company ends bankruptcy liquidation
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