Jia Yueting made great concessions to the core terms of bankruptcy reorganization. Jia Yueting no longer requires to cancel the Chinese guarantee until the debt repayment amount reaches a significant proportion; at the same time, the creditor continues to have the right to dispose of Jia Yuetings frozen or mortgaged assets in China; the creditor will get up to $1 billion of excess income and up to 4% of interest except the principal according to the principle of cumulative ladder account sharing after all debt repayment Compared with the original scheme, we can get more benefits.
Jia Yueting will submit a complete disclosure statement to the court in the near future
Jia Yueting will submit a complete disclosure statement to the court in the near future, and start the voting process after the approval of the court, so as to promote the completion of the reorganization as soon as possible.
Several local governments are competing for the landing rights of FF China
FF has just reached a strategic cooperation agreement with an American enterprise on powertrain technology output, which also means that FFs tob business has been fully launched, and it is said that several local governments are competing for FF Chinas landing right.