Auto-First| Zhang Chi

Geely has made substantial progress in Lifan recently. On November 9, ST Lifan issued the Announcement of *ST Lifan Manager on the Investor's Equity Adjustment Plan of the Reorganization Plan (Draft), which stated that Manjianghong Equity Investment Fund would replace Lifan and become the controlling shareholder of *ST Lifan. In addition, the investor's equity will be adjusted, and the total share capital will be increased from 1,315.79 million shares to 4.5 billion shares.

Auto-First according to the survey data, Manjianghong Investment Fund is jointly invested by Chongqing Liangjiang Equity Investment Fund (hereinafter referred to as Liangjiang Fund) and Geely Maijie Investment Co., Ltd. * * *. The Liangjiang Fund is from Chongqing, and Geely Maijie is an investment company wholly controlled by Geely Automobile Group.

according to the agreement in the announcement, Manjianghong Fund will conditionally accept 1,349.55 million shares in the share transfer ticket. Therefore, Manjianghong Fund will pay Lifan the transfer price of 3 billion yuan. Based on the total share capital of 4.5 billion yuan, Manjianghong Fund will hold 29.99% of the shares, and Geely Group will indirectly hold 14.7% of the shares, which is not the rumored acquisition of Lifan by Geely. After the acquisition, Geely is only the second largest shareholder, for which Geely will contribute 1.47 billion yuan.

the existing total share capital of lifan co., ltd. is 1.313757579 trillion shares, with 1.2856279 billion unrestricted shares, and 27.9313 million restricted shares with employee stock incentives need to be repurchased and cancelled. This restructuring plan will be based on 1,285,826,279, shares of Lifan, and the capital reserve will be transferred to share capital at the rate of 24.9995156 shares per share, with a transfer of 3,214,721, shares. After the transfer, the total share capital of Lifan will increase to 4,527,913, shares from the current 13,579,, shares.

among the p>32.14173721 million converted shares, apart from the 1,313,757,579 trillion shares that Manjianghong Fund will hold, the announcement shows that 9 million shares will be used to introduce industrial investors, and the other 964,623,721 million shares will be used to pay off debts. Chongqing lifan shares, including 1 companies related to Lifan passenger cars, Lifan sales companies and motorcycles, are insolvent. About 4 million shares will be allocated to Lifan shares to pay off debts, and another 564,721 million shares will be allocated to 1 subsidiaries.

the bankruptcy reorganization of lifan shares began in August this year, and the "Decision" made by Chongqing No.5 Intermediate People's Court on August 21, 22 designated the liquidation group of lifan enterprises as the manager of lifan shares to carry out the reorganization work. Through open recruitment, it is determined that Geely Maijie and Liangjiang Fund will reorganize their investors as a consortium.

on November 6th, 22, the manager signed an agreement with the investors, and determined the implementing entities of Manjianghong and the absolute holding companies with more than 7% of the shares held by Magenta, Geely Technology or Geely Magenta/Geely Technology to participate in Lifan's share restructuring investment.

For Geely Automobile, there is obviously no shortage of automobile factories. Lifan is considered to be a valuable travel service, hoping to reach Shifeng Energy, a car and power exchange service company, or to help Geely's travel and power exchange business expand. In the context of the decline of Lifan Auto's main business, it is said that the panda travel of 3.5 million registered users has also been affected. Last year, the problem of slow deposit refund by users appeared. Geely Group has made many attempts in time-sharing leasing, * * * car enjoyment and other travel businesses, and has Cao Cao's successful project experience. After the reorganization of Lifan, the related businesses of Panda Travel will be gradually revitalized.

On September 16th, 22, Geely Technology announced that it would carry out power exchange business, and the first stop was chosen in Chongqing, which was also considered as one of the package plans for Geely Automobile to enter Lifan. It is reported that 35 power exchange stations will be built in Chongqing this year. It will reach 2 seats in 223. ?

In the future, Geely Technology's power exchange business will be centered on Chongqing and spread to Zhejiang, Shandong and other parts of the country, covering major cities, provinces and expressway networks nationwide. By the end of September this year, Geely Science and Technology Group had signed more than 1, power exchange stations nationwide.

The reorganization plan shows that Geely will help to build Lifan into the only listed platform for Geely Science and Technology Group to manufacture battery-changing vehicles, and take the opportunity to inject high-end intelligent networking battery-changing business.

Geely set foot in the motorcycle field very early, and its Qianjiang Motorcycle sold 239,4 vehicles in China last year, achieving a net profit of 228 million yuan. Lifan Group, which started as a motorcycle, sold 958,7 motorcycles in 219, achieving an operating income of 2.649 billion and a gross profit margin of 7.49%. If Geely succeeds in entering Lifan, it is obvious that the two motorcycle companies still have a large space for business integration.

The reorganization of Lifan's shares has enabled some valuable assets of Lifan to be revitalized and survived, and the creditors have been accounted for. Yin Mingshan has kept its reputation in the last festival, and Chongqing has kept its industry. It is also beneficial for Geely to expand new energy, travel and motorcycle business.

Geely, which is good at the acquisition and operation, has no large shareholding ratio this time, and the subsequent business expansion obviously needs the support of the Yin family and local resources. ? On the 25th of this month, a meeting of the investor group will be held to deliberate and vote on the Investor's Rights and Interests Adjustment Plan. Not surprisingly, this transaction will be concluded soon.

This article comes from the author of Chejia, car home, and does not represent car home's standpoint.