Core Viewpoint - Evergrande Auto has entered bankruptcy restructuring for its subsidiaries, with a manager appointed to oversee the process and develop a restructuring plan approved by local courts [1] Group 1: Bankruptcy Restructuring - The company announced that its subsidiaries have entered bankruptcy restructuring as disclosed in the announcement from August 2024 [1] - A manager has been appointed to take control, manage, and operate the subsidiaries, including formulating a bankruptcy restructuring plan [1] - The restructuring plan has resulted in the cancellation of the company's equity in the subsidiaries, which were registered under Guangzhou Juliy Modern Industry Development Co., Ltd. as of November 18, 2025 [1] Group 2: Financial Details - As of June 30, 2024, the registered capital of New Energy Vehicles Guangdong was RMB 5 billion, with creditor claims totaling approximately RMB 7.622 billion and assessed liquidation assets valued at about RMB 1.373 billion as reported on April 7, 2025 [1] - As of June 30, 2024, the registered capital of Smart Automobile Guangdong was RMB 2.5 billion, with creditor claims totaling approximately RMB 5.253 billion and assessed liquidation assets valued at about RMB 1.082 billion as reported on April 7, 2025 [1] Group 3: Ownership and Stakeholders - Guangzhou Juliy is wholly owned by six provincial or local state-owned enterprises and is a third party unrelated to the company [1] - The subsidiaries primarily engage in the manufacturing of smart mobile devices [1] Group 4: Stock Suspension - The company's shares remain suspended from trading [2]
恒大汽车(00708)：广州聚力由6家中国省级或地方国有企业全资拥有