Evergrande Group acquired 0/00% shares of Hongkong Ying Shi Company/KLOC-for HK$ 6.746 billion, and indirectly acquired 45% shares of Smart King Company, becoming the largest shareholder of the company. This means that Evergrande officially entered the future of Faraday, an American new energy automobile company. In addition, the related party transaction was approved by the Committee on Foreign Investment (CFIUS) on June 18.
After Evergrande officially entered FF, Evergrande will appoint Xia Haijun, vice chairman and president of the board of directors of the group, as the chairman of Smart King Company, and Jia Yueting as the CEO of FF. Evergrande will provide FF with an unsecured loan of HK$ 6.75 billion within three years. ?
Maybe you don't know much about FF, but when it comes to Jia Yueting, everyone should know. Yes, Smart King established a new company on 20 17 1654381October 30th, and the original shareholders of FF, represented by Jia Yueting, are joint ventures. At that time, Ying Shi invested $2 billion to acquire 45% of the equity of the joint venture company, while the original shareholders of FF acquired 33% of the equity of the joint venture company with the technical assets and business owned by FF, and the remaining 22% of the equity will be left to the management of the company as equity incentives.
In addition, FF will adopt AB share model, and Jia Yueting, as the founder and CEO, enjoys the right of "1 share, 10 vote" to ensure the realization of FF's innovative mission and vision. In the future, he and the existing management team will continue to be responsible for various business operations of FF.
According to the merger agreement, Ying Shi has paid 800 million US dollars of investment, and the remaining 65.438+200 million US dollars of investment will be paid 600 million US dollars before 2065.438+09, 654.38+02 and 654.38+0. According to the loan content, Evergrande will provide FF with a three-year unsecured loan of HK$ 6.75 billion with a loan interest rate of 7.6%.
It is understood that Smart King wholly owns "FF America" and "FF Hong Kong", while Guangzhou Nansha R&D and production base, which has attracted much attention, are wholly owned by FF Hong Kong. Through this arrangement, FF can simultaneously apply FF's global leading new energy vehicle technology in China. In other words, Evergrande will fully introduce the world's top new energy vehicle technology into China. This also marks that the controversial "Jia Bubble" that began last year has finally settled.