free slots with bonus fbjili com

jackpotcrushfreecoins| Evergrande Motors welcomes the "lifesaver" again? Sudden announcement: 29% of the shares will be acquired immediately! resumption of trading in the morning

If you want to speculate in the stock market, you can see the research report of Jin Kirin analysts.JackpotcrushfreecoinsAuthoritative, professional, timely, comprehensive, to help you tap the potential theme opportunities!

Wang Yuelong, editor of every book

On the evening of May 26th, Evergrande Motor (00708)JackpotcrushfreecoinsHK) issued an announcement, on May 16, 2024, the company has been informed Joint and individual liquidators and representatives of China Evergrande Group (in liquidation), Evergrande Health Industry Group Limited, Acelin Global Limited (collectively referred to as potential Vendor) and a third party purchaser (potential Purchaser) independent of the company and its connected persons (as defined in the listing rules) to the best of the company's directors' knowledge, knowledge and belief having made all reasonable enquiries. The potential seller and the potential buyer may enter into a final sale and purchase agreement for the sale and purchase of shares in the company held by the potential seller.

As at the date of this announcement, potential sellers hold a total of 6.348 billion shares (approximately 58.5% of all issued shares) (potential shares for sale). Subject to the conclusion of the Sale and purchase Agreement and subject to its terms and conditions, it is hereby proposed that 3.145 billion potential shares for sale (accounting for approximately 29.0% of all issued shares on the date of this announcement) will be acquired immediately, and 3.203 billion potential shares for sale (accounting for approximately 29.5% of all issued shares on the date of this announcement) will become the subject of an option for potential purchasers for a certain period of time after the date of the Sale and purchase Agreement.

The Company is also aware that the terms and conditions refer to the conclusion of a credit agreement under which the potential purchaser (or the other party designated by him with the consent of the Company) will provide credit to the Company to finance the Group's continued operation and development of the Group's electric vehicle business. At present, the group is seriously short of funds. The Group's Tianjin factory has stopped production since the beginning of this year. As at the date of this announcement, the Group's Tianjin plant has not yet resumed production.

The notice said that after the signing of the sale and purchase agreement, the obligation to make a mandatory comprehensive offer may be triggered. As far as the Takeovers Code is concerned, the contract period is calculated from the date of this announcement.

In addition, the company will apply to the Stock Exchange for the resumption of trading in its shares on the Stock Exchange with effect from 9: 00 a.m. on 27 May 2024.

jackpotcrushfreecoins| Evergrande Motors welcomes the "lifesaver" again? Sudden announcement: 29% of the shares will be acquired immediately! resumption of trading in the morning

According to Meijing's previous report, on the evening of May 22, Evergrande announced on the Hong Kong Stock Exchange that the company's subsidiary Evergrande New Energy Automobile Investment holding Group Co., Ltd. ("Evergrande Automobile Holdings" and other subsidiaries of the company, the above collectively referred to as "relevant subsidiaries") recently received a letter from the relevant local administration.

The relevant subsidiaries have signed a series of investment cooperation agreements with the relevant local administrative departments since April 29, 2019. As the Company fails to perform its contractual obligations in accordance with the relevant provisions of the relevant agreement, the relevant local administrative departments, in accordance with the provisions of the Civil Code of the people's Republic of China and other Chinese laws and regulations, intend to require the relevant subsidiaries to terminate the relevant agreements; the total amount of rewards and subsidies granted to the relevant local administrative departments is about RMB 1.9 billion, and the relevant subsidiaries shall be jointly and severally liable. At present, the relevant subsidiaries plan to write to the relevant local administrative departments for coordination.

Evergrande shares rose as much as 70% on May 17 before suspending trading on the Stock Exchange. When trading was suspended, Evergrande shares rose 53.23%. At present, Evergrande is still suspended from trading, with a share price of HK $0.38 per share and a market capitalization of HK $4.121 billion.

In April this year, Evergrande announced that the strategic investment of Newton Group had failed. According to the China Securities News, Evergrande issued a notice on the evening of April 5 that its strategic investment agreement with Newton Group was terminated, and no further progress had been made in the proposed transaction and the revision of the terms of the debt-to-equity swap. The proposed transaction and debt-to-equity swap will no longer be carried out.

On August 14, 2023, Evergrande announced that it had received the first strategic investment of US $500m from NWTN.US, a listed company owned by the UAE national sovereign fund, with another Rmb600m in transition funds to be received from five working days after the announcement, and the proposed deal between the two sides would be completed in the fourth quarter of 2023.

In the outside world, Newton's money is seen as "life-saving money" for Evergrande, which has been losing money for many years. According to the plan, all the investment funds of Newton Group will be used in Evergrande Automobile Tianjin Plant to ensure the normal production of Hengchi 5 and the mass production of Hengchi 6 and Hengchi 7 one after another.

Hengchi car. Photo taken by Huang Xinxu, a reporter

According to Evergrande's 2023 results released on March 27th this year, as of the end of last year, Evergrande had total assets of 34.851 billion yuan and total liabilities of 72.543 billion yuan, including 26.484 billion yuan in loans, 43.012 billion yuan in trade and other payables and 3.047 billion yuan in other liabilities.

The financial report also shows that Evergrande's revenue in 2023 is about 1.34 billion yuan, compared with about 134 million yuan in the same period last year. Evergrande explained that the increase in revenue from the same period last year was mainly due to the increase in sales of its cars and auto parts. However, according to the proportion of Evergrande's revenue in 2023, about 1.136 billion yuan of income comes from property sales, accounting for more than 80% of the total income, while cars and auto parts contribute less than 11%. According to the financial report, as of December 31, 2023, Evergrande's cumulative losses and shareholders' losses were 110.841 billion yuan (98.906 billion yuan in 2022) and 37.693 billion yuan (68.651 billion yuan in 2022) respectively; cash and cash equivalents were 129 million yuan (220 million yuan in 2022).

As of December 31, 2023, the Tianjin manufacturing base has produced Hengchi 5 according to market demand, with a cumulative production of 1700 vehicles and a cumulative delivery of more than 1389 vehicles. Recently, due to financial reasons, the Group arranged for some personnel to have a holiday and Tianjin factory suspended production.

Author:editor Category:Pets 浏览:9 Comments:0