Job Recruitment Website - Zhaopincom - Tieniu Group, the parent company of China and Thailand, was ruled bankrupt by the court.
Tieniu Group, the parent company of China and Thailand, was ruled bankrupt by the court.
Tieniu Group owns two listed companies, Zhongtai Automobile and Tongfeng Electronics. The main business of the Group covers automobile manufacturing and sales, key parts, real estate, electronic materials and parts. As of February 23 this year, 65438, there were as many as 255 risk warnings under the name of Tieniu Group. It involves arrears, legal person assets freezing, court enforcement orders, equity pledge, debt contracts, etc.
According to the third quarter financial report released by Zotye Automobile earlier, the company's revenue in the first three quarters was only 98 1 100 million yuan, down 72.68% year-on-year, and its net profit was-1563 million yuan, down 105.67% year-on-year. Earlier this month, Zotye Automobile announced that its wholly-owned third-tier subsidiaries, Hangzhou Jieneng Power Co., Ltd., Hangzhou Yiwei Automobile Industry Co., Ltd. and Zhejiang Zotye Automobile Sales Co., Ltd., were all ruled bankrupt and liquidated by Yongkang Court.
In this regard, Zhongtai Automobile announced that Zhongtai Automobile and Tieniu Group remain independent in assets, business and finance, and the company's main business is currently suspended, which will not have a major impact on daily operations. The subsequent disposal of Tieniu Group's bankruptcy may lead to changes in the actual control rights of the company.
This article comes from car home, the author of the car manufacturer, and does not represent car home's position.
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