Liabilities are 7 billion, Dongfeng Yulong issues investment promotion announcements to seek car companies to take over

Recently, Dongfeng Yulong Automobile is conducting public investment in accordance with the relevant regulations of the reorganization procedures. "Dongfeng Yulong Automobile Co., Ltd. Investment Announcement" (hereinafter referred to as the "Announcement") put forward 7 basic requirements for investors, of which "the investment project is based on the development and sales of new energy vehicles" and "two or two or two or two or two or two or two. More than one investor can jointly participate in investment, but at least one investor needs to meet the above conditions. "

The "Announcement" shows that the basic requirements of Dongfeng Yulong managers include 7 basic requirements for interested investors, which are highly social responsibility and good business reputation. They have not been included in the list of dishonesty or are subject to high consumption measures by the people's court; Comply with the National Development and Reform Commission of the National Development and Reform Commission for Decree 22 of the National Development and Reform Commission "Regulations on the Management of Automotive Industry Investment" for the qualifications of the investment main body of the vehicle investment project; Ability; have enough capital strength to invest, ensure the sustainable development of the project, and the source of funds is legal and compliant; the investment project is mainly based on the development, production and sales of new energy vehicles; Participate in investment, but at least one investor needs to meet the above conditions; please be determined to investors from the local government departments.

It is worth noting that Dongfeng Yulong has the traditional fuel and new energy production qualifications of passenger cars, with comprehensive vehicle verification capabilities, built a test car runway, emission performance laboratory, regulatory power laboratory, vehicle VOC test laboratory, vehicle, vehicle, vehicle The preparation room, the new energy laboratory, the new car trial workshop, and the three -coordinate rooms have been built in six major workshops, R & D centers and bonded warehouses, with an annual production scale of 120,000 vehicles.

At the same time, Dongfeng Yulong was also debt. As of now, Dongfeng Yulong's debt is about 7 billion yuan. The remaining assets include real estate such as land and factory buildings. The valuation of assets has not been clear.

According to the Daily Economic News, Dongfeng Yulong managers said that if the recruitment work is progressing smoothly, it is expected to complete the reorganization work at the end of October, and it will postpone 3 months to January next year. In addition, the manager of Dongfeng Yulong pointed out: "Now our recruitment investor's request is car companies, but if we cannot recruit car companies, we will not retain the quality of the car company, and then publicly recruit."

Public information shows that Dongfeng Yulong Automobile Co., Ltd. was established in December 2010 and was established by Dongfeng Automobile and Taiwan Yulong Group. Both parties each accounted for 50%of the company's shares. The first model Nazhijie 7 was listed in 2011 and successfully entered the top ten in the SUV market. The following year, Dongfeng Yulong's cumulative sales of about 31,100 units and achieved profitability. Since 2016, brand sales have continued to decline and eventually fell into a place for bankruptcy.

- END -