Recently, Jia Yueting invested in the electric car company FaradayFuture (Faraday Future, referred to as FF) repeatedly - from time ago to buy land in Guangzhou, after the transfer of Xu Jiayin occupation, and then recently invited guests to experience the new car into the customs, issued four years of internal letters, Very lively.
It is worth mentioning that the "Securities Daily" reporter noted that from the end of April to the present, FF has significantly accelerated the pace of entering the domestic market. In less than two months, its domestic affiliate Rui Chi Smart Car (Guangzhou) Co., Ltd. Quickly established four subsidiaries. It seems to announce to the outside world that Jia Yueting's dream of building a car still has operating space.
Jia Yueting stepped into China
Ruichi established 4 subsidiaries within two months
According to the reporter’s inquiry, on May 9th, Ruichi Automobile invested in the establishment of Ruichi Automobile Sales (Guangzhou) Co., Ltd. The sales company’s specific business scope includes automobile sales, auto spare parts wholesale, and auto parts retail.
In addition, the other three wholly-owned subsidiaries are: Rui Chi Automotive Technology (Guangzhou) Co., Ltd., which was established on March 23, and Rui Sheng Motor (Beijing) Co., Ltd., which was established on April 23, and April 27. The establishment of Shanghai Fazang Automotive Technology Co., Ltd. It is worth mentioning that the legal representatives of these subsidiaries are Wang Zhigang. As of press time, the FF China PR Department responded that it was not known .
Earlier, Ruichi Motor had used a base price of 364 million yuan to obtain a piece of 601 mu of manufacturing land in Nansha District of Guangzhou for the introduction of a pure electric vehicle assembly project with world-class pure electric vehicle R&D and manufacturing capabilities. Everything seemed to announce to the outside world that there was still room for Jia Yueting's dream of making cars.
According to FF's introduction, Guangzhou Nansha Land Acquisition is one of the specific implementation steps for Jia Yueting to introduce 'FF technology, products, and intellectual property into China to help transform and upgrade the automobile industry's national strategy.'
It is generally suspected that Jia Yueting has been listed as an individual with defaulted credit. Why can he successfully win land in Nansha if the debt owed by the parties is not refundable?
According to the reporter’s review, Ruichi’s Registered Address in Nansha, Guangzhou, located in Nansha Financial Building, 9th Floor, No. 171 Haibin Road, Guangzhou, is subordinate to Guangzhou Nansha Asset Management Co., Ltd. under the management committee of Guangzhou Nansha Economic and Technological Development Zone.
In response, official authorities of Nansha District replied that: “The 601-mu parcel of land that Ruichi Company photographed in Nansha will be used to invest in R&D of pure electric vehicles and production bases. Ruichi Motors is established in accordance with regulations in Nansha District. Foreign-invested companies, affiliates of FF, operate completely independently and there is no legal relationship with LeTV Holdings, which is held by Jia Yueting. '
According to statistics, Rui Chi Smart Car (Guangzhou) Co., Ltd. was incorporated in February this year. The legal representative is Wang Zhigang, with a registered capital of 300 million U.S. dollars, and the company type is a limited liability company (Taiwan, Hong Kong, and Macao corporate sole proprietorship). It is worth mentioning Yes, Wang Zhigang's personal address data is located in Linfen Village, Linfen, Shanxi Province. This is exactly the hometown of Jia Yueting.
According to the latest news, on May 11th, Jia Yueting issued an internal letter to all employees to celebrate the 4th anniversary of the establishment of FF. In the internal letter, FF listed a lot of good news: 'Recently there are companies from Ford, Tesla and other companies have joined, Responsible for key areas such as finance and IT; at the same time, almost all key suppliers and contractors are already in place, and the company has received a steady flow of funding from investors.
However, the industry’s claim that it had previously promised mass production before the end of the year is generally not optimistic. In their view, the construction projects are complex, including the wiring harness of the vehicle, the battery tire hub, the motor, etc. Any one of the components needs to be booked in advance. Now that it is mid-May, it will take half a year to complete the layout of the factory. Recruiting workers and purchasing production lines will probably be too late for commissioning and installation.
TheTo Jia Yueting, 'I do not understand'
Expect to confirm repayment time as soon as possible
Turning to the capital market, on April 27, LeTV disclosed its 2017 annual report, which announced that the net profit last year was a huge loss of 13.878 billion yuan. The balance of the debt owed by Jia Yueting to LeTV was as high as 7.28 billion yuan, accounting for the proportion of LeTV's total assets. Up to 40.69%.
On the afternoon of May 14th, LeTV held the 2017 annual performance briefing. The company’s chairman and general manager Liu Shuqing, chief financial officer Zhang Wei, board secretary Zhao Kai, independent director Zheng Lu, and sponsor representative Cui Xueliang interacted with investors and communication.
Speaking of reports on the recent frequent reports of 'Jiayueting's FF Motor has arrived in China', Liu Shuqing stated that 'the company has not been informed by Mr. Jia Yueting or its related parties and is unaware of the relevant reports and does not understand it.'
According to Liu Shuqing, the company’s management team has been active and actively maintained communication with Mr. Jia Yueting and its related parties, including the recent media, and investors’ general concern about the purchase of land investment by Ruichi Automobile.
At the same time, she stated that the company is always concerned about the large amount of related party arrears in the listed company system. The company expects that Jia Yueting and relevant parties can confirm the effective solution and the repayment schedule together with the company as soon as possible, and timely save the listed company from funding shortages. In the quagmire.
'Listed companies are currently very difficult to manage, and current management is also working hard to change the status quo, but it is hampering the seriousness of the capital situation and the company's normal operations can not be effectively promoted.' Liu Shuqing said.