China Evergrande and Evergrande Automobile announced on Monday (April 24) that China Evergrande intends to acquire Evergrande Automobile at the price of 2 yuan (RMB, Same, about S $ 0.4)Its 47 residential and property development projects.At the same time, China Evergrande will take the liabilities of about 24.789 billion yuan in liabilities of these projects.This move shows that Evergrande, which is caught in a migrant crisis, is still trying to help its new energy vehicle platform Evergrande car out of the predicament.
According to the CCP, the information shows that the 47 projects sold in Evergrande Automobile include 21 Evergrande Health Valley projects, 5 Evergrande Health City Projects, and 21 various property development projectsThe project is located in Xi'an, Zhengzhou, Chongqing, Wuhan and other cities.
Evergrande Motors revealed that after the transaction is completed, it will continue to operate the existing major businesses of the new energy vehicle branch, and hold a residential and property development project in Tianjin and Nanning.
"It is expected that the company will record about 24.789 billion yuan in sale income. The difference between the sales income generated by the sale and the debt value of the sales group on December 31, 2022." Heng Heng. "Heng Heng.The big car said in the announcement.
In addition, Evergrande Motor also said that because the company only needs to pay 2 yuan for the name of the sale, the company expects not to collect any net income from the sale.
China Evergrande said: "Considering the recent orientation of the listed company of the Stock Exchange, which is mainly engaged in the new energy vehicle branch, the board believes that Evergrande's valuation can be used to use Evergrande Automobile to borrow Evergrande AutomobileThe business is concentrated in the New Energy Vehicle Branch, which may help attract investors to join Evergrande Motor and raise funds. "Investors to get possible opportunities for cooperation.In the announcement date, the final agreement has not been signed with any potential investor.
At present, Evergrande Automobile also urgently needs funds to resume work.恒大汽车在公告中透露，“诚如公司日期为2023年3月22日的公告所披露，截至该公告日期，本集团已向客户交付超过900台恒驰5。然而，于公告日期，由于Insufficient funds, the group's Tianjin plant is temporarily produced Hengchi 5. The group plans to resume production in May 2023. "
reported that in addition to reducing liabilities and attracting potential investors, Evergrande China still has another oneThe idea is to help it provide for the reorganization of overseas debt.
China Evergrande stated in the announcement that "As the part of its overall reorganization plan for overseas debt, the current expected company's financial creditors will be able to obtain bonds that can exchange several terms in accordance with several terms.These creditors will also benefit from the value growth of Evergrande Automotive Group. "
It is reported that according to the announcement of overseas debt reorganization announced by Evergrande in China, in the corresponding debt repayment terms, there are Evergrande with EvergrandeThe debt repayment scheme of property and Evergrande car stocks is for investors to choose from.
It is worth mentioning that although it is an internal reorganization, the two parties revealed in the announcement that the prerequisites have been completed in the current transaction, that is, the relevant shareholders have approved the sale agreement and intended transactions in accordance with the listing rules;The declaration, guarantee and commitment made by the big car are still true and accurate and unbalanced.
