In the reshuffle of domestic cars, another old-fashioned domestic car is about to withdraw from the market stage. On July 17, it was reported that the first creditor meeting of the merger and reorganization of six enterprises including Hunan Leopard Automobile Co., Ltd. was officially held on July 15. At the meeting, the reorganization manager of Cheetah Motor announced the Draft Merger and Reorganization Plan, and Hengyang Hongdian New Energy Technology Co., Ltd. was identified as the only reorganization investor. Hongdian New Energy will invest 800 million yuan to pay off debts to obtain the corresponding vehicle production qualifications, vehicle production bases, engine production bases, automobile R&D bases, axle production bases and other assets of the 6 “Changfeng Series” companies. Hongdian New Energy was established on October 31, 2019. Its registered address is located in Guiyang Industrial Park, Qidong County, Hengyang City, Hunan Province. It has 2 existing shareholders, of which Hengyang Hongqi Investment Co., Ltd. holds 96% of the shares and WM Motor Technology (Hengyang) Co., Ltd. holds 4% of the shares. The former is controlled by the State-owned Assets Supervision and Administration Commission of Hengyang City, while the latter is wholly-owned by WM Motor. According to previous reports, the total book assets of Changfeng Group, Cheetah Automobile and other six companies are 9.364 billion yuan, the total liabilities are 11.139 billion yuan, and the asset-liability ratio is 118.95%, which has been strictly .
[related_posts_by_tax taxonomies=”post_tag”]
The post The Cheetah Automobile, which dominates the Sichuan-Tibet line, is reorganized!WM Motor officially entered the game appeared first on Gamingsym.