View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. News
September 1, 2020

Bankrupt Lifan looks for new investors

Chinese vehicle manufacturer Lifan Industry (Group) Co Ltd has announced it is seeking new investors in the company after the Chongqing municipal authorities accepted its application for bankruptcy reorganization.

By bcusack

Chinese vehicle manufacturer Lifan Industry (Group) Co Ltd has announced it is seeking new investors in the company after the Chongqing municipal authorities accepted its application for bankruptcy reorganization.

Free Report
img

How attractive are current investment opportunities in Europe?

Europe has been identified as one of the most favorable regions for investors, seeing high investment activity in the past year. Most of these investments have been through Debt Offering, valued at close to $700 billion. The region has provided attractive investments in a diverse set of companies. Companies who tend to major themes such Digital Media, Cloud, Artificial Intelligence, E-commerce, and Big Data are recording the highest number of deals, with Digital Media recording close to 2,000 deals. However, GlobalData’s whitepaper offers a full view of the market, analyzing less successful or attractive points of investment as well, examining statistics on Equity Offering investments and PE/VC deals. Understand how government agencies for economies around the world use GlobalData Explorer to:  
  • Track the M&A and Capital Raising volumes into their target market
  • Identify the top sectors in the target market attracting the investments
  • For any investment segment, identify the top Investors inside and outside the target economy that are already investing in the Segment
  • Assess and showcase the growth potential for various Industries in the target economy
Don’t miss out on key market insights that can help optimize your next investment – read the report now.
by GlobalData
Enter your details here to receive your free Report.

The company was founded in 1992 and was the first Chongqing-based auto manufacturer to be listed on China’s A-share market. But its products have fallen behind those of its competitors over the years in terms of competitiveness and its financial performance deteriorated as a result.

The company has sold less than 250 vehicles so far this year, according to industry sources, down from 13,200 in 2019 and a peak of 158,000 units in 2012.

Lifan has an annual production capacity of 150,000 vehicles, 300,000 automotive engines, one million motorcycles and one million general gasoline engines, according to the company’s announcement.

The company’s announcement specified that any investor would need to have a minimum of CNY20bn (US$2.9bn) in assets. It confirmed that fresh capital would be used to optimise its asset, debt and equity structures, safeguard the legitimate interests of creditors and integrate upstream industrial resources to improve their performance and make upgrades were needed.

Free Report
img

How attractive are current investment opportunities in Europe?

Europe has been identified as one of the most favorable regions for investors, seeing high investment activity in the past year. Most of these investments have been through Debt Offering, valued at close to $700 billion. The region has provided attractive investments in a diverse set of companies. Companies who tend to major themes such Digital Media, Cloud, Artificial Intelligence, E-commerce, and Big Data are recording the highest number of deals, with Digital Media recording close to 2,000 deals. However, GlobalData’s whitepaper offers a full view of the market, analyzing less successful or attractive points of investment as well, examining statistics on Equity Offering investments and PE/VC deals. Understand how government agencies for economies around the world use GlobalData Explorer to:  
  • Track the M&A and Capital Raising volumes into their target market
  • Identify the top sectors in the target market attracting the investments
  • For any investment segment, identify the top Investors inside and outside the target economy that are already investing in the Segment
  • Assess and showcase the growth potential for various Industries in the target economy
Don’t miss out on key market insights that can help optimize your next investment – read the report now.
by GlobalData
Enter your details here to receive your free Report.

Topics in this article:
NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. The top stories of the day delivered to you every weekday. A weekly roundup of the latest news and analysis, sent every Monday. The industry's most comprehensive news and information delivered every quarter.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Just Auto