Original title: Shenzhou car rental “sell body” twists and turns! SAIC exits, BAIC takes over! What cards did the two sides play? The company responded As the core asset of the China Department, the divestiture of China Rent a Car from the “China Department” can be described as twists and turns. After several rounds among potential buyers such as Huaping […]

Sina Finance News Foton Motor The company’s operating transcripts for 2019 were disclosed recently. The company’s operating income was 46.966 billion yuan, an increase of 14.40% year-on-year. It benefited from the divestiture of Baowo Automobile, which achieved a loss for the whole year and recorded a net profit of 192 million yuan ‘S net profit is still at a loss,

Foton Motor is intensified by the risk of debt collection by Ruixing, deducting non-six consecutive losses of assets >> Read More

The impact of Ruixing Coffee’s counterfeiting incident on UCAR still did not stop. On April 21st, after the suspension of trading for 2 weeks, China Automobile, after the stock transfer system resumed the transfer, reproduced the flash crash, and the stock price fell more than 28% on the same day. For two consecutive trading days, the price of China UCAR

28% rebirth! Two days plunge 44%, the market value evaporates 15 billion! >> Read More

Source: China Fund News The impact of Ruixing Coffee’s counterfeiting incident on UCAR still did not stop. On April 21st, after the suspension of trading for 2 weeks, China Automobile, after the stock transfer system resumed the transfer, reproduced the flash crash, and the stock price fell more than 28% on the same day. For two consecutive trading days, the

28% rebirth! Two days plunge 44%, the market value evaporates 15 billion! UCAR (838006.SH) is trapped in Ruixing! >> Read More

The car rental company Shenzhou is still the only stable and profitable business in China. After Lu Zhengyao abandons his car to save his car and survives with a broken arm, what will the Chinese department do in the future? Perennially started by imitating, lacking core profitability, burning money to make a big business, and blindly making a big ecology.

Under the shock wave of Ruixing, can the Chinese Department pass? >> Read More

Original title: Ruixing Coffee burst into thunder, now it is Baowo ’s turn to panic. Source: Car Headline Since the “financial fraud” exploded, Lu Zhengyao and his commercial territory seemed to start to collapse. On April 2nd, Eastern Time, Ruixing Coffee “self-reported family ugliness” actively disclosed its counterfeit transaction value of 2.2 billion yuan in Q2-Q4 in 2019. As soon

Ruixing coffee thundered, now it is Baowo ’s turn to panic >> Read More

“Now China and Rui Xing With such a serious capital chain problem, I doubt that the car I bought can still be delivered. “Wang Ming (pseudonym) is currently in a hurry for the rights protection of Baowo Auto. He purchased a Baowo BX3 through the new retail platform of Baowo Auto at the end of February this year. However, two

Ruixing coffee fraud caused Baowo and China to fall into a joint effect >> Read More

Shenzhou Car Rental will be sold, what is left of Lu Zhengyao? Ruan Xiaoqin In the evening this evening, UCAR stated in its reply to the second inquiry of the National Equity Transfer Company that the company has already experienced financial institutions and supplier runs. If a run occurs, it will cause great pressure on the company’s cash flow. Due

Shenzhou Car Rental will be sold. What is left of Lu Zhengyao? >> Read More

Original title: China Automobile said it was hit by Ruixing ’s 2.2 billion financial frauds The 2.2 billion financial fraud incident has caused an impact on the entire China Department.UCAR said today that due to the negative impact of the Ruixing Coffee incident, there have been runs of financial institutions and suppliers. The company is actively communicating with all parties

UCAR said it was hit by Ruixing’s 2.2 billion financial fraud >> Read More

At the end of January, the short-selling agency Muddy Water received an 89-page anonymous report, pointing directly Ruixing Coffee The company’s financial and operational data are being fabricated. Ruixing Coffee immediately responded and denied it. However, on April 2, Ruixing Coffee disclosed that the company’s transaction volume increased by 2.2 billion yuan from the second quarter to the fourth quarter

Rui Xing’s car accident and “Shenzhou Department”, the dominoes have fallen, where does Baowo go? >> Read More

Original title: UCAR denied that the acquisition of Baowo involved in the transfer of benefits, saying that it is an independent operation with Ruixing Coffee Source: Lei Di Network Was also questioned.UCAR recently clarified the acquisition of a 67% stake in Beijing Baowo, the guarantee of Beijing Baowo’s loans, 5.95 billion yuan of debt and its relationship with Ruixing Coffee.UCAR

UCAR denied that the acquisition of Baowo involves interest transfer, saying that it is an independent operation with Ruixing Coffee >> Read More

Original title: China UCAR Response: Operating independently with Ruixing, there is no interest transfer for the acquisition of Baowo (Observer Network / Qiu Shui Editor / Xu Zhe) According to the Observer Network car channel previously reported, after Luckin Coffee thundered, Chairman Lu Zhengyao ’s car travel platform, China Automobile, also faced the risk of domino collapse. On April 8,

China UCAR responds: independent operation with Ruixing >> Read More

Two months of reversal added value more than 100 million? The supervision of the three major tortures is pressing China’s UCAR … After Ruixing Coffee ’s financial fraud was exposed, this week the news surrounding the China Department continued. There have been media reports that Ctrip and Geely want to buy Shenzhou Car Rental, and the most exciting thing is

China UCAR added more than 100 million yuan in two months? The three major torture regulations are pressing step by step >> Read More

Original title: Lu Zhengyao’s “Shenzhou Department” is also urgent: Baowo’s 4 billion assets are in debt and the rumor factory is closed Source: Baowo Automobile’s official website Sino-Singapore Jingwei client April 10 (Fu Yumei) Recently, the incident of Baowo Automobile continued. On April 9, BAIC Foton disclosed the announcement on Baowo Automobile’s arrears. The latest progress shows that Baowo will

Lu Zhengyao’s “China Department” is urgent again: Baowo’s 4 billion assets are in debt >> Read More

Original title: Jiang Bojing: Baowo is the straw that crushed Ruixing? Source: Sina Finance Financial opinion leader columnist Jiang Bojing As a teenager, there was a “Wine and Coffee”, who knows that there are cars and coffee now. Coffee and cars are things that have nothing to do with each other, but today’s Baowo Automobile and Ruixing Coffee are “grasshoppers

Jiang Bojing: Baowo is the straw that crushed Ruixing? >> Read More