Jin Li after the debt crisis was exposed, has been trying to carry out financing activities.
Recently, it was reported that the latest party was Hisense. For this news, Gold Cube told the "Securities Daily" reporter that he is indeed negotiating financing, and there should be strategic funds to enter, but none of them are related to Hisense.
In December last year, Jin Li was exposed to the problem of funds chain due to default on suppliers' arrears.
Shortly thereafter, Jin Li, chairman of the board, Liu Lirong, said that it will resolve the capital chain issue in three steps: 'First, introduce partners, ensure production and sales, and the market will have a future; Second, introduce strategic investors, supplement funds, increase. Credibility; Third, the sale of assets to repay debt, to obtain creditor support. 'At the same time, Jin Li is also looking for Microelectronics' bank equity and Jin Li Building and other assets took over.
Recently, some media reported more on Jinli’s debt crisis solution, including: Jinli’s employees in some departments have received notifications of internal restructuring, and the company will reorganize in the near future. This is due to Jin Li’s getting a financing. The funds will be invested in the formation of a new company; the restructuring of the new company will go through several rounds of financing. The first round of financing obtained this time is likely to exceed 100 million; Jin Li, chairman of the Board, Liu Lirong may be out.
According to the report, if the company is reorganized, the company’s control rights and ownership of the shares will be another major change. According to analysts, Liu Lirong is very likely to leave the company. Liu Lirong owns more than 40% of Jinli’s shares and is the company’s first. Major shareholders. At present, his and his wife’s personal assets have been frozen by the court. If the financing information is accurate, it is very likely that Liu Lirong will transfer the shares and issue additional shares.
In response, Jin Li’s official responded to a reporter from the Securities Daily that “it can't be out, because Liu Lirong is the soul of Jin Li’s. This financing is something he personally talks about.”
Jin Li has not revealed how much funding gap exists. However, according to media reports, Jinli has owed more than 10 billion yuan of debts in total, including arrears of RMB 8.6 billion to the bank, which owed suppliers nearly RMB 4 billion. As of March this year, there have been four companies. Supply chain vendors lowered their earnings expectations due to the Ginrich crisis. Among them, battery supplier Vickers had the risk of delisting A-shares. It is understood that Jinli is its largest customer. These suppliers generally stopped supplying Jinli.
It is not clear whether and when the cash flow can be exchanged for the normal operation of the company.
It has been reported that the operating mode of Jinli Mobile will undergo tremendous changes. After Jinli only issues ODMs, the brand will retain, but it will not produce its own mobile phones. In this regard, Jinli is undecided.