Evergrande Automobile 41500 million life-saving money, but in the end it failed to materialize.
Some time ago, Evergrande announced a first-class subscription agreement and debt restructuring agreement of Newton, which will end on December 31, 2023.
What is this concept? This means that it is difficult for Evergrande to get its own life-saving money - 41.5 billion, although Evergrande said that it is still under negotiation, but it is almost certain that the deal has collapsed.
In August 2023, Newton announced that they would inject 500 million and 60 million yuan into Evergrande Automobile, totaling about 41.5 billion yuan, so as to obtain 275% equity interest in Evergrande.
Newton Group itself is a big businessman in the Middle East, when the news first came out, some people said that the big boss in the Middle East took a fancy to Evergrande and wanted to help Xu Jiayin promote Evergrande Automobile to the Middle East market.
But there are also some people who question the approach of Newton Group, after all, Newton Group itself is not a rich person, and the working capital in the warehouse at the beginning is more than 200 million, coupled with poor business conditions, there will be a loss of 41.3 million US dollars in 2022.
So many people are speculating whether there is another hidden story behind the 4.15 billion, such as whether Evergrande, who learned from Jia Yueting, will deliberately disclose some financing information to push the stock price higher, and then announce a small progress.
However, this business, I'm afraid it's going to be in vain, Xu Jiayin is the real major shareholder, Newton Group, there will be no big cooperation, in the case of Evergrande, it is almost impossible to come up with 41.5 billion yuan, especially Evergrande, even more so.
Without Newton's investment, it would have been very difficult for Evergrande Auto to raise funds, and everyone knows this.
In fact, after Xu Jiayin was imprisoned, everyone lost confidence in Evergrande Automobile, firstly, because the previous deficit was too large, with 563 in 2021 and 2022 respectively4.4 billion and 2766.4 billion, with a total loss of more than 84 billion in two years.
In addition, according to the 2023 interim report, the company's total liabilities in the first half of the year were 7569.2 billion yuan, while its net assets are -328400 million yuan. Does anyone dare to invest?
For example, Xiaopeng's *** just wants to pit him, after all, the cost of manufacturing a car is too high, and it is very difficult, it is not too much to describe it as a life of nine deaths, over the years, they have done so many times, but they have never succeeded once, you can imagine how difficult the automobile industry is.