Electric Zhixin news, on the evening of November 13, Jianruiwo can issue a notice saying that the Shenzhen Intermediate People’s Court ruled on November 7, 2019 that Huang Ziting had applied for the bankruptcy liquidation of Shenzhen Waterma Battery Co., Ltd. The Shenzhen Intermediate People’s Court initially found out that Shenzhen Waterma Battery Co., Ltd. is still operating. It has more than 800 employees and external liabilities of about 19.7 billion yuan, of which 559 suppliers have defaulted on about 5.4 billion yuan. The company’s existing assets are construction land (59030.15 square meters) located in Kengzi Street, Pingshan District, Shenzhen, as well as external equity investment, vehicles, stocks, machinery and equipment, accounts receivable and so on.
Jianruiwo said that if the people’s court ruled that Waterma entered the bankruptcy liquidation process, it would have a positive impact on the resolution of the debt crisis currently facing the company. Up to now, the company and the manager have not received the legal documents such as the ruling of the Shenzhen Intermediate People’s Court, and the administrator will follow the relevant legal documents and progress of the matter in a timely manner to fulfill the information disclosure obligations.
“Bankruptcy reorganization is the only way to save the company now.” The relevant person in charge of the company said to the Beijing News reporter that once it enters the bankruptcy reorganization, the currently frozen assets and the litigation will be enforced. The termination and termination of the judicial judgment is equivalent to the removal of the front road obstacles. If the company can find a strategic investor, it can be restarted. According to the above-mentioned person in charge of the company, there were 53 cases of listed companies that went bankrupt and restructured in the Chinese capital market. According to past practice, the bankruptcy and reorganization can be basically completed in the shortest period of 3 months. The company may have a big improvement. However, the above-mentioned person in charge also said that if Jianruiwo can perform poorly in the bankruptcy reorganization, and the court decides that the reorganization will fail, it will enter the bankruptcy liquidation, which is equivalent to Jianruiwo’s “death completely ruined”.
Shenzhen Waterma Battery Co., Ltd. is headquartered in Shenzhen, China. It is one of the earliest companies in China to successfully develop new energy vehicle power batteries and is the first to achieve large-scale production and batch application. It ranks among the top three power batteries in China, and its power battery is The domestic 25 new energy vehicle promotion demonstration cities have already occupied about 20% of the market share.
After entering 2018, Jianruiwo can fall into the debt vortex. In April 2018, Jianruiwo was able to issue an announcement. The company experienced debt overdue. The overdue debt was 1.998 billion yuan, mainly due to bills and bank loans. It faced the claims of creditors. The company faced debt repayment risks and affected daily operations. . The financial problems of Jianruiengeng have gradually become public.
Although Jianruiwo hopes to be born again, it is still actively seeking new opportunities.
Faced with operational difficulties, Jianruiwo can begin to seek strategic cooperation or negotiation in various aspects and try to save itself. On April 18, Jianruiwo Energy announced that it has signed the Investment Cooperation Framework Agreement with Jiangsu Huakong Investment Management Co., Ltd. (hereinafter referred to as “Jiangsu Huakong”), and plans to jointly initiate the establishment of a joint venture to help the wholly-owned subsidiary. Hunan Watmar New Energy Co., Ltd., a subsidiary of Shenzhen Waterma Battery Co., Ltd., resumed production. On September 26, it was announced that the subsidiary Inner Mongolia Anding New Energy Co., Ltd. (hereinafter referred to as “Inner Mongolian Anding”) recently signed the “Supply Cooperation Agreement” with Huzhou Express Technology Co., Ltd. (hereinafter referred to as “Huzhou Express”). Inner Mongolia Anding supplies it with a model number 32650, and promises to supply no more than 3 million to Huzhou Express in 2019.
In addition to seeking the electric vehicle market, Kenrui Energy is also targeting China Railway Tower Co., Ltd.’s demand for energy storage batteries.
On September 23, Jianruiwo announced that it has signed the “Strategic Cooperation Framework Agreement” with Aerospace Berk (Guangdong) Technology Co., Ltd. (hereinafter referred to as “Aerospace Burke”), and the two parties will supply the China Railway Tower Co., Ltd. project. Cooperation with related business matters, the cooperation time is 5 years. It is worth noting that the agreements signed with “Jiangsu Huakong” and “Aerospace Burke” are only framework agreements, which only express the initial willingness to cooperate and the results of negotiations. In fact, the implementation of specific contracts is still on paper.
In response to the progress of cooperation with Huzhou, there is media contact with Huzhou Kuai, a manager named Liu, who said that the lithium battery industry involved in Huzhou Express is mainly for the high-end market. He said that he is not clear and Inner Mongolia Anding Cooperation situation.
According to the industry and commerce information, Inner Mongolia Anding was established on July 18, 2019, and the “cooperation period” of the supply contract is “August 1, 2019 to July 31, 2020”. The company that was established less than half a month had a good news, and Jianruiwo was not announced until September 25, and it was delayed for at least 55 days.
Post time: Nov-15-2019