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  Brilliance Automobile Group filed for bankruptcy restructuring after huge debts

  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.

  Brilliance car 2020-11-14
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  The reorganization plan of the huge group has been finalized, and Pang Qinghua and other related natural persons will "withdraw from the group".

  After three months, the restructuring plan of the huge group has finally been finalized! On December 11, Giant Group announced that the Intermediate people's Court of Tangshan City, Hebei Province approved the "reorganization Plan of Giant Automobile Trade Group Co., Ltd." and terminated the reorganization process of Giant Automobile Trade Group Co., Ltd., and officially entered the stage of reorganization implementation. According to a 38-page restructuring plan, the total book assets of the giant group are 30.2 billion yuan. According to the market value method, the total evaluation value is 9.766 billion yuan. According to the liquidation value method, the total evaluation value is 5.017 billion yuan. Have applied.

  A large group 2019-12-12
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  Investors increase their holdings, the top management of the group changes greatly, and the restructuring of a large group is full of unknown.

  The manager of the giant group has officially started the declaration, registration and review of creditor's rights. as of October 18, 2019, the first creditor meeting will be held in the national enterprise bankruptcy reorganization button information network in the form of a network meeting on October 25, 2019. According to the previous announcement issued by the huge group, Shenzhen Shenshang holding Group Co., Ltd., Shenzhen Yuanwei Asset Management Co., Ltd. and Shenzhen National Transport Technology Group Co., Ltd. formed a consortium to increase the holding of shares in the huge group within 90 days from the date of the announcement, the amount of increase is between 300 million yuan and 400 million yuan, but the number of shares is not higher than that of the company.

  Large group restructuring 2019-09-22
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  The huge group will face the risk of delisting and bankruptcy because it has applied for restructuring due to 17 million arrears.

  With the car market in the doldrums and poor management, the former giant group of car dealers in China has driven itself to a corner because of a debt of 17 million yuan. On the evening of September 5, the giant group issued two announcements in succession, which showed that the court had decided to accept the application for restructuring of the giant group and would implement the delisting risk warning. Giant Group shares will be delisted risk warning on September 9, the short name of the stock will be changed to "* ST huge", and the daily rise or fall of stock prices will be limited to 5%. Giant Group shares will be suspended for one day on September 6 and resume trading on September 9. The large group also reminded investors in the announcement that if the company is restructured.

  Beijing huge group 2019-09-07
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  The net exposed: the huge group of car dealers has submitted an application for bankruptcy reorganization.

  The net exposed: the car dealer group, a huge group, has submitted an application for "bankruptcy reorganization" on May 17 this year and is currently waiting for court approval. Subsequently, Pang Qinghua (chairman of the giant group) also confirmed this in an interview with the media, but at the same time, Pang Qinghua also stressed that the 'bankruptcy reorganization' was initiated by Jidongfeng Company, a creditor of the giant group (Beijing Jidongfeng Automobile sales and Service Co., Ltd.) and was not applied by the giant group on its own initiative. On May 14th the giant group issued an announcement called "indicative announcement on the application for restructuring by creditors". The announcement shows that due to the huge group and 20.

  Bankrupt huge 2019-06-11
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  Giant Group Chairman Pang Qinghua applies for resignation and assets restructuring will be carried out within the group.

  On the evening of June 20, p.p1 p.p2 p.p3 p.p4 p.p5 p.p6 span.s1 span.s2 span.s3, Giant Automobile Trade Group Co., Ltd. announced that the board of directors of Giant Group received the resignation of Mr. Pang Qinghua, chairman of the board's strategy committee and general manager, on June 20, 2019. Mr. Pang Qinghua resigned as Chairman, Chairman and General Manager of the Strategy Committee of the Board of Directors for personal reasons. According to the articles of association, Mr. Wang Yusheng was elected to perform the post of chairman. For Pang Qinghua's resignation meeting.

  Huge chairman of the group 2019-06-21
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  Huge accumulated losses of 2.071 billion yuan in the first three quarters, and a number of senior managers were resigned

  The giant group was founded on March 3, 2003. in 2010, the company was the largest car dealer in China. According to data, it has 1035 outlets in Mongolia, including 834 specialty stores, 134 car supermarkets and 69 shopping malls. However, the country's largest car dealer has now filed for bankruptcy and restructuring because it cannot afford to repay 17 million yuan of debt, with a shrinking market capitalization, a volatile company and huge profit losses. In May this year, the huge group borrowed 17 million yuan from Beijing Jidongfeng, which was finally appealed by Beijing Jidongfeng because it was unable to repay it within the time limit.

  Huge results for the first three quarters 2019-11-02
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  Was reported to have hollowed out the company! The chairman of a dealer group leaves office.

  Tianyan check information shows that on October 20, industrial and commercial changes took place in Giant Automobile Trade Group Co., Ltd. (hereinafter referred to as "Giant Group"). Huang Jihong stepped down as legal representative and chairman, and Cheng Zhengzhi took over. At the same time, the type of enterprise was changed from other joint stock limited companies (listed) to other joint stock limited companies (unlisted).

  Group huge Automobile Company Huang Ji Director Chairman Limited Co. Ltd. Capital position Dealer announcement shares China 2023-10-23
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  The huge group faces debts of up to 24.7 billion yuan and does not make money with 359 4S stores.

  In 2019, the entire automobile industry is very impetuous, new car sales continue to decline, some car companies have been marginalized, upstream and downstream supplier industry chain has been affected, even 4S stores are complaining that they are not making money. In such an environment, the huge Auto Trade Group, one of the top ten dealer groups in China in the past, fell into the current situation of bankruptcy restructuring and debt crisis, of which the debt may be as high as 24.7 billion yuan. The giant group announced that the Intermediate people's Court of Tangshan City, Hebei Province had ruled to accept the creditor Beijing Jidongfeng Automobile sales and Service Co., Ltd. for the restructuring of the giant group, and designated the liquidation group of Giant Automobile Trade Group Co., Ltd. as Pang.

  Huge groups huge bankruptcy restructuring 2019-11-12
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  Sudden! More than 250 million shares of the founder of the auto giant dealer group will be put up for judicial auction!

  Recently, according to a notice issued by the huge Group on receiving the notice of the auction of the shares of the original controlling shareholder, it said it had received a notice from the Beijing No. 3 Intermediate people's Court. Guokai Securities Co., Ltd. and Pang Qinghua, Tangshan Jidong material Trade Group Co., Ltd., Beijing No. 3 Intermediate people's Court

  Huge groups companies announcements stocks Qinghua cars debts courts funds auctions people's courts people's rights creditors 2022-09-02
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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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  Zhongtai Automobile was picked up by Jiangsu Shenzhen Merchants for 2 billion yuan as a ​​​​.

  Since Zhongtai Automobile announced bankruptcy reorganization, the progress of Zhongtai Automobile restructuring has also been concerned by the industry. If Zhongtai Automobile can smoothly implement restructuring, optimize the debt structure, and continue to operate, then Zhongtai can get back on the right track. If the restructuring fails, Zhongtai Motor will only face the road of bankruptcy. According to the announcement issued by * ST Zhongtai, on September 30, 2021, Jiangsu Shenshang holding Group Co., Ltd. was finally confirmed as the restructuring investor, Shanghai Titanium Kai Automotive Technology Partnership (limited partnership) and Hunan Zhibo Zhi car equity investment partnership (limited partnership.

  Zhongtai Automobile 2021-10-09
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  Suspected of emptying the company's cash and assets? The huge group issued an announcement.

  On May 19th, * ST issued an announcement that Giant Automobile Trade Group Co., Ltd. (hereinafter referred to as "Giant Group") received the announcement of the second Department of Management of listed companies of the Shanghai Stock Exchange (hereinafter referred to as "Shanghai Stock Exchange") on the repurchase of shares of Giant Automobile Trade Group Co., Ltd.

  Large group company automobile net profit net profit listed company shareholder share transaction investment investor limited limited dealer 2023-05-19
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  In order to suffocate his dream, Jia Yueting finally went bankrupt!

  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.

  Jia Yueting 2020-05-22
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  Pang Qinghua, founder of "King of 4S Store", sued the reorganization party.

  On September 5, 2019, the giant group, once known as the "largest car dealer in China", issued two announcements, pointing out that the court had ruled to accept the reorganization application of the giant group and would implement the delisting risk warning. Subsequently, the huge group was restructured, and Pang Qinghua, the founder and former controlling shareholder of the company, went to San.

  Group huge Qinghua Cooperation restructuring Company assets National Transport capacity people actual founder Automobile Stock payment 2022-09-20
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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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  Is the reorganization effective? The huge group has made a pre-profit of 1-150 million yuan in 2019, and the risk of delisting has been cancelled.

  On the evening of February 2, the giant group announced its earnings forecast for 2019, which showed that the company is expected to have a net profit of 100 million yuan to 150 million yuan attributable to shareholders of listed companies in 2019, compared with-6.1554102 billion yuan for shareholders of listed companies in the same period of 2018. It is worth noting that the net profit after deducting non-recurrent profit is-4.25 billion yuan to-4.2 billion yuan, while the net profit after deducting non-recurrent profit and loss in the same period last year is-6.8411909 billion yuan. For the business situation in 2019,.

  A large group 2020-02-03
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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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  Well-known dealer group announced delisting!

  On June 21, * ST announced that it had received a "decision on the termination of the listing of the shares of Giant Automobile Trade Group Co., Ltd." issued by the Shanghai Stock Exchange. The Shanghai Stock Exchange will delist the company's shares on June 30th, and the company's shares will be terminated and will not enter the delisting period of trading. Suspension of trading

  Huge company group automobile director Huang Ji limited trading limited shares stocks investors investment announcement position 2023-06-22
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  The court ruled to accept bankruptcy reorganization, and two autonomous car companies had an accident.

  According to the latest announcement, the controlling shareholders of the two companies were ruled by the court to go bankrupt and reorganized because they were insolvent. On the evening of September 1, Zhongtai Motor issued a notice that Tieniu Group Co., Ltd., the company's controlling shareholder, recently received a "civil order" issued by the people's Court of Yongkang City, Zhejiang Province. the court has accepted Tieniu Group's application for reorganization. The announcement shows that because Tieniu Group is no longer able to pay off its maturing debts, and the amount of book assets is less than the amount of liabilities, it should be determined that assets are not sufficient to pay off all debts, but Tieniu Group's assets are diversified and have core value. Through the pre-restructuring stage.

  Zhongtai Automobile Lifan Automobile 2020-09-02