On August 30, He Dabing, finance director of the company, conducted a small-scale supplier creditor meeting at the Shenzhen headquarters, with more than 10 suppliers on the scene. At this informal meeting, He Dabing informed of the latest developments in the restructuring of Gionee.
He said that the current restructuring of the Yu Jinli due diligence work has come to an end, in early September, the investor representatives will travel to Hong Kong and Gionee founder Liu Lirong to meet for further details.
But He Dabing said it was still unable to disclose the timing of the supplier's concerns and the investor's background.
He Dabing stressed that for investors, Gionee's debt did not spread more than 20 billion yuan, the amount of data is smaller than the figure, for investors, the acquisition of Gionee and liabilities is a slight loss, coupled with the future of micro-banks listed, Gionee assets are actually in the value-added.
The ' tricky ' reorganization
After a crisis in the capital chain, Gionee tried to "save himself" in a restructured way. In January this year, Liu Lirong said, the Gionee will be divided into three steps to solve the money chain problem: ' First, the introduction of partners to ensure production and sales, the market is in the future, second, the introduction of strategic investors, supplementary funds, increase credibility, third, the sale of assets to repay debt, to obtain the creditor support. ' The introduction of strategic investors has made progress, ' Liu Lirong said, adding that the overall plan is now under negotiation and not readily disclosed.
At the beginning of March, an internal employee told the media that the new financing had ended, and that a board meeting had been convened to determine the future direction of the Golden State.
But it was not until May that He Dabing, the finance director, was formally briefed at a supplier conference, and Gionee was introducing a capital-rich company that would buy a full-fledged restructuring. According to the plan, the new investor will sign a formal acquisition agreement with the relevant shareholder before May 24. Prior to that, Gionee had issued a private debt in Shenzhen, May 26, the relevant restructuring matters will be announced in the Shenzhen.
After a series of agreements are signed, new investors will be in the Gionee, followed by the formal formation of a creditor committee to initiate the debt restructuring process. ' But in fact it was not until early August that the representative of the Gold Cube, who claimed to be an ace accountant, issued due diligence on the debt to most of the suppliers and promised to give the next message on August 15.
A supplier of hardware materials told reporters that the timetable for the reorganization dragged on, and is now being pushed from mid-August to early September. Gionee Official spokesman told the first financial reporters that the reorganization is still continuing, large volume, work more, there is no bankruptcy one said.
But there are employees in the Jin Li told reporters that the current pay has been delayed, and factory staff received the superior to convey the ' bankruptcy ' information.
' Can't hold ' the money chain ' Time cannot wait, will not first die on the road.
' A supplier at the scene asked He Dabing, but He Dabing did not respond positively to the problem, but indicated that he had done his best. I feel that I have done very well, very well with the reorganization of the party, in fact Gionee is to drag the longer the more valuable.
' He Dabing said to the site's supplier.
It is reported that the current gionee of fixed assets including Qianhai science and Technology building valued at 3.5 billion yuan (1.8 billion mortgage), the Guangdong Bank Equity is 1 billion, micro-public bank equity 2.5 billion (500 million collateral), Dongguan Jin Li Industrial park for 1 billion yuan, Gionee and other properties 300 million yuan, Chongqing Industrial Park land of 1 billion yuan, a total of 9.3 billion yuan.
At the scene, the two sides of the reorganization of the details of the time stalemate, and even a supplier in the field directly, even if the bankruptcy, there is no news than now, we need to know the truth, an answer. For these small and medium-sized suppliers of gold, from tens of millions to billions of dollars, the pressure of debt almost every day to torture them. ' Maybe in another one months, I'll be out of work, and the company is already planning to gionee this debt into bad debts.
' The supplier said to reporters. Some listed companies have been affected.
In the first half, UFI technology, Shen Tianma A and other companies to apply for asset preservation, some banks also to the court to freeze the assets of the company and Liu Lirong personal assets. "At present, the office of the headquarters of the Office of a lot of vacant, Liu Dong offices are no one, only left the secretary at the door of the office staring."
' said the supplier to reporters. Gionee is worth more | Suppliers lament can't afford to wait