More than ten years ago, Xinfei was a well-known refrigerator brand widely known to the general public. However, in the recent period, New Flying Refrigerator experienced suspension of production, suspension of business, and divestment of funds. At the end of October last year, Xinfei had to submit Reorganization application. Although Hong Leong Asia invested in Xinfei Company in February this year, it decided to withdraw again after only two months. In response, Xinfei Company decided to sell 100% of Xinfei Company through auctions. Repayment of debts and other matters.
On June 29th, Xinfei Company officially announced the successful confirmation of the auction bid for the judicial auction. Eventually, Konka purchased 100% of the shares of Xinfei Company for a price of 455 million yuan. It is understood that the enterprises of this auction are fighting against Anhui by Konka. Electric Technology Co., Ltd. The proceeds from this auction are not only the 100% equity of Xinfei Company, but also Xinfei Electric's trademarks, patents, copyrights, domain names and the right to use software.
Before Xinfei Electric was auctioned, Gree, Midea, Konka and many other home appliance brands showed their intention to purchase. In the end, Konka was photographed with a high price of 455 million. Today, Konka is in the transition phase and Xinfei Electric will provide white electricity. Business capabilities, to further improve Konka's layout in the field of white electricity, which is an important reason for Konka to acquire new shares.
Whether the new flight after reorganization can get 'new born', let us wait and see.
