"New Car New Technology" learned from the inside of Chery Automobile that Chery Automobile’s share reform has brought new changes. Qingdao Wudaokou New Energy Automobile Industry Base Enterprise (Limited Partnership) (hereinafter referred to as “Qingdao Wudaokou”) has not only delayed the second phase of capital increase The settlement of the funds and rumor may terminate the equity transaction.
"The new shareholders have sent four people to the board of directors to participate in the company's management and management decisions. It is said that when they have a deeper understanding of Chery, their attitudes have changed." A person close to Chery Automobile said. According to the above-mentioned sources, last week, Liu Yang, deputy general manager of Chery Holding Group, had gone to Qingdao to negotiate with investors, but there is no clear progress yet.
According to the payment arrangement of the capital increase price in the equity transaction agreement, the investor shall pay 40% of the capital increase within five working days of the capital increase and share expansion agreement, and the remaining 60% of the capital increase shall be paid within 270 days from the effective date . If the two parties sign new payment terms, the payment method, payment period and guarantee method of the capital increase shall not be inferior to the above arrangements.
According to information from the Yangtze River Property Exchange, Qingdao Wudaokou signed an agreement on capital increase and share expansion with Chery Holding Group and Chery Automobile Co., Ltd. before December 4, 2019. As of early August, the 270th time requirement has passed.
In June of this year, there were media reports that Qingdao Wudaokou Phase 2 5 billion mixed reform funds have been delayed. In the following July, on the third-party supervision platform, the ultimate beneficiary of Chery Holdings changed from the State-owned Assets Supervision and Administration Commission of the People's Government of Shandong Province (hereinafter referred to as "Shandong SASAC") and the State-owned Assets Supervision and Administration Commission of Wuhu Municipal People's Government ( Hereinafter referred to as "Wuhu SASAC") changed to Wuhu SASAC.
Regarding the change of beneficiaries, Ren Wanfu, a senior auto industry analyst, believes that the change of the ultimate beneficiary of Chery Holdings indicates that the mixed reform of Chery Automobile may have changed.
Judging from the current sales performance of Chery itself, it is indeed difficult to give investors strong confidence. This may be a major incentive for the changes in the mixed reform. According to data from the China Association of Automobile Manufacturers, from January to July this year, Chery's car sales were only 261,000 units, a year-on-year decline of 23.9%.
When the mixed reform was completed, Yin Tongyue, chairman of Chery Holding Group, declared that he hoped to have 100,000 sales growth in 2020, but in fact, Chery has reduced its sales target for this year from 1 million to 900,000. However, the sales performance of 261,000 units from January to July makes the adjusted 900,000 units seem out of reach.
In addition, Chery's position as a leading company in China's automobile export is facing challenges from Geely , Great Wall , and SAIC . Chery has ranked first in auto export volume for 17 years. However, as other Chinese brands such as , Geely , Great Wall and other Chinese brands have successively deployed overseas, as well as the intensification of the new crown epidemic overseas, for Chery, exports may be greatly affected. influences.
On the other hand, Qingdao Wudaokou's shareholding in Chery is backed by CDH Investment, Shandong Expressway Co., Ltd. (hereinafter referred to as " Shandong Expressway "), Shandong Jimo District Government and other forces. However, there is news that the two transportation groups of Shandong Expressway, and Qilu Transportation are about to be integrated, and the integration period is three months. An industry insider believes that Qingdao Wudaokou's entry into Chery may change due to the integration of the two major transportation groups.
"It is impossible for CDH's family to want to eat Chery. The key lies in Qingdao Jimo and other forces behind it. The news I got is that, on the one hand, the auto industry is sluggish and reshuffled, on the other hand, Chery Automobile The performance of Qingdao has started to reassess the investment value of Chery Automobile." Chery Automobile insiders said.
Chery's share reform will goWhere? Why did the new investors change their attitude towards Chery Automobile? "New Car New Technology" will continue to pay attention.
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