Since the outbreak of the Gurley debt crisis, various news have continued, but there has been no substantial progress in restructuring.
Yesterday, the relevant person in charge of Jinli confirmed to the "Securities Daily" reporter that the reorganization is underway. The exact news has yet to be announced. The date of the announcement must be decided by the restructuring team.
The Jinli Capital Chain crisis has been out of the last year (2017) in November and has been in operation for more than half a year. Until May of this year, Jin Li officially revealed that a company with strong financial strength is being introduced, and the other side plans to comprehensively acquire and reorganize Jin Li. But the news has passed. For more than two months, there has been no further progress.
This time, Jinli's restructuring has made substantial progress. According to a person familiar with the matter, the Securities Daily reporter, Jin Li has indeed set up a restructuring team, will formulate a restructuring plan in the next few weeks, sign a restructuring agreement with the investor, and announce the details of the restructuring. .
During the reorganization, Jinli Group and its subsidiaries, holding companies, signed and reorganized relevant legal documents subject to the approval of the reorganization group.
In November 2017, Ou Feiguang applied for preservation of Jin Li. It is rumored that Jin Li may have some bad debts. However, Jin Li subsequently rumored. However, in January 2018, the media exposed 41.4% of the shares of Jin Li Chairman Liu Lirong was frozen by the court. Year, Jin Li capital chain break facts exposed.
Since then, Liu Lirong, chairman of Jinli, has been interviewed by the media to acknowledge that there is a large funding gap, and to solve the financial dilemma in three steps: First, introduce partners to ensure production and sales, the market has a future; second, introduce strategic investors, supplement funds, Increase credibility; third, sell assets to pay debts, obtain creditor support. And said that if necessary, you can give up control.
It is reported that during the financing process, the investor and Jin Li have played many games due to the control of Liu Lirong, which also led to the delay in financing.
In the meantime, regarding the question of whether Liu Lirong was out, Jin Li officially responded to the reporter of Securities Daily, saying, 'It is impossible to go out because Liu Lirong is the soul figure of Jin Li. The financing is all he is talking about.'
It seems that Liu Lirong has been in charge of financing and restructuring matters. The restructuring team was approved by Liu Lirong.
Was asked if the reorganization of Liu Lirong would withdraw, the above-mentioned insiders told the "Securities Daily" reporter, 'We have no exact news at the moment, but why must he withdraw?'
For the investors of this restructuring, the person familiar with the matter told the "Securities Daily" reporter that it should be the enterprise with the background of state-owned assets.
In May 2018, Jin Li said that Jin Li is introducing a company with strong financial strength, and the other side plans to comprehensively acquire and reorganize Jin Li. Some media said that the company with strong financial strength has a state-owned background.
This strategic reorganization is very important for Gionee. As for the completion of the reorganization, whether Gili will turn into a light asset model as rumored before, is still unclear. But what is certain is that, if you are lucky Being able to reorganize, it will face a more severe competitive environment.