FF relief application has not been passed, and no more than $500 million should be allowed before the final arbitration.


FF relief application has not been passed, and no more than $500 million should be allowed before the final arbitration.

Source: Securities Times -e company

E company news, e company reporters learned that Jia Yueting's application for emergency relief results, the Hong Kong International Arbitration Center rejected Jia Yueting's request to completely deprive Evergrande of financing consent, and rejected Jia Yueting's temporary request to further deprive Evergrande of mortgage assets. In view of the fact that FF is on the verge of bankruptcy under the present capital situation, in order to protect the common interests of all shareholders such as Evergrande, the arbitration allows FF to carry out financing under strict conditions, in which the valuation of new equity financing should not be lower than Evergrande's post-investment valuation, Evergrande enjoys the preemptive right of new shares, and the amount of external financing should not exceed 500 million US dollars before final arbitration. Yuan.  


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