Chinese运通's HiPhi Automobile Judicial Pre-Reorganization Update
TapTechNews August 22nd news, the public account of Chinese运通 Temporary Agent released an article on the evening of the 20th disclosing the latest progress of the judicial pre-reorganization of HiPhi Automobile: As of this announcement, two potential common-benefit debt investors have submitted application materials, and more than a dozen institutions have made telephone inquiries.
The timeline is as follows:
August 8th: The People's Court of Yancheng Economic and Technological Development Zone decided to accept the pre-reorganization application of Chinese运通 (Jiangsu) Technology Co., Ltd., and appointed the Shanghai Branch of JunHe Law Firm as the temporary administrator of Chinese运通 (Jiangsu) Technology Co., Ltd.
August 10th: The temporary administrator released the Recruitment Announcement of Common-Benefit Debt Investors for the Pre-reorganization Case of Chinese运通 (Jiangsu) Technology Co., Ltd.. According to the announcement, the deadline for the registration of common-benefit debt investors is August 31, 2024.
After the preliminary investigation by the temporary administrator, it was found that there is a highly integrated operation between Chinese运通 Holding (Shanghai) Co., Ltd. and Chinese运通 (Jiangsu) Technology Co., Ltd. In order to maintain the fair liquidation interests of creditors, it is planned to apply to the People's Court of Yancheng Economic and Technological Development Zone to apply for the merged pre-reorganization of the two companies.
According to TapTechNews' previous report, on August 9th, the parent company of HiPhi Automobile, Chinese运通, entered the pre-reorganization stage, and on the same day, the official released To HiPhi Car Owners and Friends, announcing that it has officially entered the judicial pre-reorganization stage and is looking for an effective plan for rebirth through self-help methods.
On August 19th, HiPhi Automobile released an after-sales service announcement stating that it is gradually restoring the supply of spare parts. From now on until the completion of the pre-reorganization and reorganization, authorize the wholly-owned subsidiary of Jiangsu Yueda Automobile Group, Shanghai Yueda Zhixing Automobile Service Co., Ltd. to purchase HiPhi Automobile spare parts to support HiPhi Automobile after-sales service.
