Previously, it was reported that Jia Yueting invited creditors to Faraday's future US headquarters to accept his face-to-face apology, and would join you in the bankruptcy restructuring proposal, introduce FF's current financing and IPO plan, and send out an invitation to participate in ff91 test drive experience.
According to the latest developments, Jia Yueting has met with creditors and also discussed whether the company will go bankrupt or liquidate, and the whole communication meeting will last for six hours. Jia Yueting also denied to his creditors in the first place that
At present, the total debt to be repaid by Jia Yueting is about US $3.6 billion, but if the frozen assets and debt to equity sectors are not included, the net debt is less than US $2 billion. Most of Jia Yueting's debts are personal guarantees for the debts of LETV system company.
According to FF staff, this creditor communication meeting is just an opportunity for Jia Yueting and his creditors to understand each other. The next round of creditor voting will be held in January next year. If it goes well, it can be announced in February next year whether Jia Yueting is in bankruptcy, reorganization or liquidation.
After Faraday's new CEO Bi Fukang took office, he proposed that FF should complete US $850 million financing in the first quarter of next year, formally deliver ff91 in mass production in the third quarter of next year, and go public in 2021 for financing.