As early as June this year, it was reported that Geely would acquire the auto business of * ST Lifan, and said that the latter would only retain the motorcycle business. Geely has always denied this. An analyst who did not want to be named previously told the first finance and economics reporter that from the business level, Geely Automobile has no sufficient reason to purchase Lifan motor. The competitiveness of the latter in the automobile industry is very general. Even if it is discussed in the industry that Geely Automobile can acquire the plot of the latter in Yuanyang of Chongqing through the acquisition of Lifan automobile, it is not too big in his opinion The appeal. At present, Lifan still has a lot of foreign debts, and the disputes between Lifan automobile and its dealers have not been completely resolved. If Geely Automobile wants to realize the acquisition, it needs to straighten out these relations. From the perspective of production qualification, Geely Automobile does not lack a new production qualification. According to the person.
*According to the announcement issued by St Lifan, as of the end of 2019, the net assets of the company was 2.744 billion yuan, and the book balance of monetary capital was only 2.039 billion yuan. However, the book balance of current liabilities at the end of the reporting period was 14.892 billion yuan, including the book balance of short-term loans of 7.538 billion yuan and other receivables of 1.717 billion yuan, including overdue loans of 782 million yuan and other current liabilities of 779 million yuan u3002 According to the production and sales data released by the company, from January to August this year, the sales volume of Lifan automobile was only 1844, and the market has nearly stagnated.
Lu Feng (pseudonym), a local automobile enterprise in Chongqing, believes that Geelys parent company Zhejiang Geely Holding Group just signed a strategic cooperation agreement with Chongqing Liangjiang New Area in July this year. Geely Holding Group will promote its high-end new energy vehicle project, Geely industrial Internet headquarters and digital chemical plant project to settle in Liangjiang new area. He believes that Geely is developing new business in Chongqing, and it is also possible for the local government to arrange Geely to purchase part of Lifan auto business for the sake of resource integration.
And the other party involved in the restructuring Liangjiang fund surfaced, which may prove what Lu Feng said to a certain extent. Qixinbao information shows that the actual controller behind Liangjiang fund is the Management Committee of Chongqing Liangjiang New Area. The automobile industry is the pillar industry of Chongqing Liangjiang New Area, including Changan Automobile, Changan Ford, SAIC Hongyan and other enterprises. However, at present, * ST Lifan has been heavily in debt, how these debts will be distributed after restructuring, and how Geely maijie will arrange the specific business of the latter after participating in the restructuring of * ST Lifan deserves attention. According to the announcement of * ST Lifan, although the investors who intend to restructure were recruited during the registration period, there is still the possibility that the restructuring investors will withdraw from the reorganization because the manager and the investors fail to reach an agreement on the restructuring investment. If the reorganization fails, * ST Lifan may go bankrupt. Source: Zhang Mei, editor in charge of Finance and Economics_ NF2100
According to the announcement of * ST Lifan, although the investors who intend to restructure were recruited during the registration period, there is still the possibility that the restructuring investors will withdraw from the reorganization because the manager and the investors fail to reach an agreement on the restructuring investment. If the reorganization fails, * ST Lifan may go bankrupt.