Deqing, Zhejiang, Leshi ecological automobile industry park renderings. Oriental IC data
Jia Yueting may have a natural connection with real estate. First Sun Hongbin, chairman of Sunac, acted as the “white cavalier” and set up LeTV. Now, when Xu Jiayin, chairman of Evergrande, reported that Jia Yueting was running out of water, he gave out 1.5 billion US dollars to support Jia Yueting’s creation in the United States. Car company Faraday Future (hereinafter referred to as FF).
The news about Xu Jiayin’s shareholding in FF came from the FF Global Supplier Summit in February this year. Jia Yueting made a high-profile announcement of up to US$1.5 billion in financing during the summit’s speech. On March 26th, Evergrande Group’s 2017 annual results At the press conference, when some media asked whether Evergrande invested in FF, Xu Jiayin did not respond positively. He smiled and hurriedly left.
In the end did Xu Jiayin have any investment in FF? An FF insider recently contacted by the “Securities Daily” reporter stated that for Xu Jiayin who has invested in FF to invest in FF, FF’s internal practice is 'uncertain and does not deny', and it has already reached 3 A total of 550 million U.S. dollars will be paid, and the final payment will be paid in succession.
Long-term observation of LeTV and Jia Yueting, senior automotive analyst Zhong Shi believes that does not rule out Xu Jiayin investment FF possibility, 'FF is a good company with talented people and technology, after $ 1.5 billion support FF products listed, investors will source Continuously, even the FF car IPO will accelerate'.
On April 8th, FF’s affiliated Ruichi Smart Cars (Guangzhou) Co., Ltd. photographed a plot of over 600 acres of land in the bonded port area of Nansha District of Guangzhou for 364 million yuan. From the perspective of the land area, it can be used Build a car assembly plant. So, what is the same Lexus Deqing production base controlled by Jia Yueting?
As we all know, LeTV Motors spent a total of 419 million yuan on two sites in December 2016 and April 2017, which took two lands in the Moganshan District of Deqing, Zhejiang. Since then, LeTV has been in crisis. Jia Yueting has once again left the United States. LeTV is under construction. The ecological town was parked. The official website of the Deqing County Government disclosed in February this year that five projects including the Zhaolong Cable Project and Leshi Ecological Town were not completed due to the impact of land and funds.
Deqing Moganshan High-tech Zone staff told the "Securities Daily" reporter that there are two ways to solve the LeTV project's suspension. First, wait until Jia Yueting returns home to deal with it. Second, FAW or Geely took the entire project.
On the one hand, the Deqing project was suspended, and the other company, Jia Yueting, indirectly controlled the company and acquired the land in Guangzhou. It is not surprising that the Shenzhen Stock Exchange sent an inquiry letter to LeTV on April 9 to verify the relationship between Jia Yueting and its related parties and Rui Chi Motors. Describe the specific measures taken and the follow-up plan for the company to recover debts from Jia Yueting and its related parties.
Shenzhen Stock Exchange Information
Suspected Jia Yueting affiliates
"Securities Daily" reporter learned that LeTV is a subsidiary of LeTV Holdings, which previously held shares in LeTV, a listed company. LeSpot Ecology is the ecology of the holding company. LeTV.com is just a member of the holding company's ecology. Jia Yueting is both LeTV.com. The holding controlling shareholder is also the controlling shareholder of LeTV.
Earlier, a staff member of the LeTV Securities Affairs Department replied that LeTV, Farrell Futures (FF) belonged to LeTV Holdings. It is no wonder that the Shenzhen Stock Exchange issued a regulatory letter requesting LeTV to verify the explanation of Jia Yueting and its related parties and cores. Chi Automobile's relationship, as well as its investment in Ruichi Motors, the source of funding for Ruichi Motors' land auctions. If several companies all point to the same owner, Jia Yueting, how can they buy land and have no money to list company debt?
The “Securities Daily” reporter noted that on February 12, 2018, Ruichi Motor was incorporated in Nansha District, Guangzhou City, with a registered capital of US$300 million and legal representative Wang Zhigang. Wang Zhigang’s registered nationality is the same as Jia Yueting’s hometown and is located in Shanxi Province. In April 8th, the company photographed a manufacturing site in Guangzhou for RMB 364 million. As the shareholder of SMART MOBILITY (HONG KONG) HOLDINGS LIMITED of Ruichi Automobile used the name FF Hong Kong Holdings Limited. (Ffa Auto Ecological (Hong Kong) Co., Ltd.), which is also the controlling shareholder of Fafa Motors (China) Co., Ltd. Therefore, the relationship between Rui Chi Motors and Jia Yueting attracts attention. Become the focus of attention of all parties.
In fact, 'Fafa Auto Ecological (Hong Kong) Co., Ltd.' is also the controlling shareholder of Fafa Motors (China) Co., Ltd., holding 95% of the shares, Levision Automotive Technology (Beijing) Co., Ltd. holds the remaining 5% stake. As LeTV executive Wu Meng Lele as the legal person of Automotive Technology (Beijing).
The reporter learned earlier that although LeTV and FF cars are located in China and the United States respectively, the two teams have always been 'unity and closeness' and can be said to be 'two brands of troops'. In December last year, LeTV Automobile Company COO Gao Jingshen, while confirming that FF financing was in place, announced that FF will implement the Sino-U.S. dual home strategy, and that LeTV employees will become employees of FF China.
Xu Jiayin personal
Or share FF
'Jia Yueting's associated debt is too much. This may be the reason why 1.5 billion U.S. investors are not willing to surface FF. ' An unnamed securities practitioner told the Securities Daily reporter, although LeTV Holdings Limited and LeTV However, it was a fact that LeTV Holdings (Beijing) Co., Ltd. and LeSports Mobile Intelligence Information Technology (Beijing) Co., Ltd. were officially listed on the list of defaulters in the nation’s courts. If it is confirmed at this time that Xu Jiayin invests in FF, it will undoubtedly give Xu Jiayin To trouble.
The aforementioned securities practitioners stated that the Evergrande Group is a listed company and that such a large stake in the FF needs to be disclosed. Therefore, Xu Jiayin is more likely to share FF in his personal name. FF once responded to the investor’s identity by saying: The identities of investors are highly confidential inside the company, and there are less than three or five people in the small circle who know the details.
FF insiders also told the "Securities Daily" reporter, the current FF internal staff have heard of Xu Jiayin shares, 'Jia Yue Ting said internally, the investor asked FF can not announce his identity, the investor will choose to announce.'
How do you use the $550 million that has already been booked? The insider told reporters that the FF 91 is mainly used to purchase supplier molds, factory equipment, and FF plans at the Hanford plant in California at the end of this year. The first batch of FF 91 was delivered. The factory was transformed from a tire factory.
FAW or Geely
Interested in connecting to Leqing Deqing Base
The funded FF car was fast-moving in the United States, and it was widely used in the country. The LeTV car started before FF was not only recruited by FF but also stopped at the Deqing production base. The reporter learned from the channels of the Deqing County government that in June last year, the construction of the first stamping workshop for the Leshi Ecocar was still underway. Until July last year, Jia Yueting left the United States, and the project began to be affected by land and capital and did not complete the progress according to progress. Project construction progress.
To be sure, although the Leshi Auto Project was suspended, it was not transferred. On March 19, the “Deadline Weekly Notice of State Grid Zhejiang Deqing County Power Supply Co., Ltd.” mentioned that LeEco Ecological Auto (Zhejiang) Co., Ltd. was also in the power outage region. Inside.
Deqing Moganshan High-tech Zone staff also confirmed that the LeTV car project is still in place, and the previous land purchases were also given, but the project construction was not pushed forward. 'One is to wait until Jia Yueting returns home to handle the purchase of a lot of assets; the second is FAW or Geely put the entire project next.
According to the above-mentioned staff, there are already many state-owned enterprises that have visited LeTV. However, it is not convenient to disclose the progress of the negotiations for reasons of confidentiality.