HiPhi Auto's Parent Company Human Horizons Enters Pre-Reorganization Stage
TapTechNews August 9th news, after nearly half a year of suspension of work and production, Human Horizons, the parent company of HiPhi Auto, has entered the pre-reorganization stage.
TapTechNews learned from the National Enterprise Bankruptcy Reorganization Case Information Network that the People's Court of Yancheng Economic and Technological Development Zone publicly disclosed the Human Horizons Acceptance of Pre-reorganization Decision, and the court decided to accept the pre-reorganization application of Human Horizons (Jiangsu) Technology Co., Ltd..
Pre-reorganization means that before the start of the reorganization procedure, the main creditors, investors, debtors, reorganization investors and other subjects reach a consensus on key terms of reorganization through negotiation and negotiation under the leadership of the people's court, make a pre-reorganization plan by referring to the main contents stipulated in Article 81 of the Enterprise Bankruptcy Law, and obtain the consent of a certain proportion of interested parties.
According to TapTechNews' previous report, Human Horizons and iAuto signed a comprehensive strategic cooperation agreement on May 16 local time in the US. According to the agreement, iAuto plans to invest more than one billion US dollars in the first round of special funds to fully support the reorganization of HiPhi Auto of Human Horizons, and Human Horizons has also established a reorganization working group and a joint operation working group.
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The news said that HiPhi Auto will suspend work and production for half a year, and once announced the deferral of January salary and the cancellation of the year-end bonus.
After HiPhi Auto received a 1 billion US dollar investment, the news said that Human Horizons has established a reorganization working group and a joint operation working group.
Is it the first of Chinese auto companies to reorganize? The news said that HiPhi received a 1 billion US dollar investment and is rebuilding and resuming production.