Evergrande's FF in Jia Yueting
Evergrande Health (00708.HK) announced on June 25 that the company's major shareholder Evergrande Group acquired 100% of Hong Kong Shiying Company for HK$6.746 billion and indirectly obtained 45% of Smart King's shares, becoming the company's largest shareholder. This means that Evergrande officially entered the US new energy car company Faraday Future (FF) and started a car journey.
Headline article
Evergrande Group's 6.746 billion Hong Kong dollars into the main FF Xu Jiayin opened a car journey

Evergrande Health (00708.HK) announced on June 25 that the company's major shareholder Evergrande Group acquired 100% of Hong Kong Shiying Company for HK$6.746 billion and indirectly obtained 45% of Smart King's shares, becoming the company's largest shareholder. This means that Evergrande officially entered the US new energy car company Faraday Future (hereinafter referred to as FF) and started a car journey. ...[Details]

Event focus
Evergrande Group's 6.746 billion Hong Kong dollars into the FF LeTV network daily limit Evergrande health rose more than 70%

LeTV.com opened its daily limit today. As of press time, it rose 10.15% to 3.69 yuan and closed more than 400,000 contracts. Evergrande Health rose more than 70% to HK$8.00. In the news, Evergrande Group's 6.746 billion Hong Kong dollars entered the FF, Xu Jiayin opened a car journey. ...[Details]

Evergrande FF: No energy production in the first quarter of next year Jia Yueting will lose control

According to Tencent, Evergrande Health has adopted the AB share model, and Jia Yueting enjoys the power of “1 share and 10 votes”. At the same time, Evergrande has restricted the special voting rights of Jia Yueting. However, the reporter learned from people close to FF that if Jia Yueting and others could not fulfill the promise of the first batch of electric vehicle mass production delivery in the first quarter of 2019, it would be regarded as a breach of the major shareholder of Evergrande Health. At that time, Jia Yueting will lose the above voting rights and lose actual control over Smart King. ...[Details]

FF responds to Evergrande: our relationship with Evergrande is like Ma Yun and Sun Zhengyi

According to the daily economic news report, the relevant person in charge of FF said that the company's dominance is in the form of AB shares, just like Ma Yun and Sun Zhengyi. Although Ma has a 8.9% stake in Alibaba, it has an absolute controlling stake in Alibaba. . Jia Yueting holds a 33% stake in FF, but one has 10 votes, while the investor (Hengda Group) holds 45% of FF, but only one vote. ...[Details]

FF signing Xu Jiayin: completing $2 billion in financing Jia Yueting as CEO

Jia Yueting's investment in the US electric car manufacturer Faraday Future (FF) officially announced the introduction of Xu Jiayin's investment. On June 25th, Faraday Future announced through official Weibo that it officially passed the US government CFIUS approval, completed the first round of financing of 2 billion US dollars, founder Jia Yueting as CEO. ...[Details]

Xu Jiayin shot! 13.5 billion huge sums of money into the FF car Jia Yueting saved?

At the end of November last year, Hong Kong Shiying Company and the original shareholders of FF Company entered into an agreement to acquire 45% of Smart King's shares for US$2 billion (invested US$800 million). The original FF shareholders took FF company's share price to occupy 33% of Smart King's shares. 22% of the shares are reserved for equity incentives for the company's management. According to Caixin’s interview with Hong Kong Shiying’s director in April this year, the original FF shareholder is Jia Yueting holding 33%. ...[Details]

FF status
FF appointed former Ford executives as vice president of finance and also recruited sales consultants in China

Faraday Future, an electric car company invested by Jia Yueting, announced today that Michael Agosta, former chief financial officer (CFO) of Ford Motor Company in the Middle East and Africa, will serve as vice president of finance for FF North America. The appointment will take effect immediately. Michael Agosta will be responsible for FF accounting, finance and internal affairs. Control and lead the finance team to coordinate financial related daily business. ...[Details]

Graphic FF shareholding structure: Evergrande 45% will set up a factory in Guangzhou