All round car designer

Chapter 224 Preparation for Acquisition

Although Wei Peng Motor has never officially announced the bankruptcy, after all, there are too many aspects involved, and there is always the possibility of leaking the news. This time it was revealed on the Internet that Wei Peng Motor has gone bankrupt. An employee who claims to work at a supplier of Weipeng Automobile said that "Weipeng Automobile" has passed a bankruptcy resolution a week ago and is currently going through the process.

Looking at the comments below, some people were surprised, and many people confirmed that this revelation is true.

"No way, Wei Peng Motor went bankrupt?"

"I still don't want to believe that a good car company has gone bankrupt like this. The blogger is just trying to please the public!"

"I can also prove that Wei Peng Automobile has indeed gone bankrupt. I have a friend who works there. He said that the company has asked them to find a new job and signed a waiting agreement with all employees."

"I don't think this incident is groundless. I passed by the 4S store of Wei Peng Automobile two days ago and found that all the vehicles are on sale. Is this not bankruptcy? Otherwise, what kind of promotion are you doing?"

…………

Zhou Fei looked through it roughly, and found that almost all the "real hammer" comments had their own reasons, and these reasons were particularly sufficient. Summarizing all these reasons together, it really looks like a signal of bankruptcy.

"Mr. Zhou, what do you think, is Wei Peng Motor really bankrupt?" Zhang Xiang's tone was full of doubts.

"It's better to believe it than to believe it. I also don't think this news is groundless." Zhou Fei frowned slightly, then looked at Zhang Xiang and said, "Brother Xiang, let the employees in Shencheng and Yanjing go Check out the 4S store of Wei Peng Motors to see what's going on in their store."

"I see, I'll make arrangements right away." Zhang Xiang quickly replied.

Less than two hours later, Zhang Xiang returned to Zhou Fei's office.

"Mr. Zhou, according to the replies from Yanjing and Shencheng, the 4S store of Wei Peng Automobile is either closed or sold at a low price. It really seems to be bankrupt." Zhang Xiang said in a surprised tone.

A good company would go bankrupt if it said it went bankrupt, and the one that went bankrupt now was the absolute overlord among the private car companies back then. How could Zhang Xiang not be shocked?
"The news of Weipeng Automobile's bankruptcy should be close enough." Zhou Fei rubbed his hands a little excitedly, and then dialed Li Jianneng's number, asking him to go to his office immediately.

Since Zhou Fei intends to acquire Wei Peng Automobile, he must understand the company's financial status to see if the company has the ability to acquire the other party, whether to issue bonds to raise funds or something.

Soon, Li Jianneng appeared in Zhou Fei's office.

"Mr. Zhou, you are looking for me so urgently, do you have anything to say?" Li Jianneng asked hastily after he came in.

Zhou Fei just told him to come over quickly on the phone, and didn't specifically say what it was.

"Old Li, how is the company's current financial situation, and how much money can it use?" Zhou Fei immediately asked.

"The financial situation is pretty good. As for how much money is available, I have to go back and make statistics, but Mr. Zhou, why are you asking these questions?" Li Jianneng asked curiously.

"I heard that Wei Peng Automobile went bankrupt, and Mr. Zhou planned to buy it, so I asked about the company's financial status in advance." Zhang Xiang explained.

"What, Wei Peng Motors went bankrupt?" Li Jianneng stood up in shock, "How is it possible? Why hasn't there been any news?"

"Although Wei Peng Automobile has not officially announced it to the public, it has already been reported on the Internet, and I have asked people to inquire about the operation of Wei Peng Automobile's 4S store. It can basically be concluded that Wei Peng Automobile is already going through bankruptcy procedures. "

With that said, Zhou Fei passed the news he saw just now to Li Jianneng.

Li Jianneng took the phone, looked it over carefully, and then thought of the financial statements released by Weipeng Automobile at the beginning of this year, so he believed what Zhou Fei said was true.

"If the news is true, then Wei Peng Motors should announce the news of bankruptcy in these two days. Although our company's financial status is very healthy, I guess it is difficult to support such a large acquisition. " Li Jianneng looked at Zhou Fei and said.

"How to say it, can you explain it in detail?" Zhou Fei asked hastily.

"According to the financial statements released by Wei Peng Automobile at the beginning of the year, the overall value of Wei Peng Automobile is about 30 billion, of which 20 billion is equity and 10 billion is debt. This 30 billion includes the current value of all assets of Wei Peng Auto, including Vehicle platform, supply chain, human capital, etc. are all included. This is the current overview of Wei Peng Auto, but the specific valuation of Wei Peng Auto needs to re-examine the relevant reports of their company.”

As the No.1 private car company in the past, Wei Peng Auto was not listed, but its corporate valuation in its heyday once exceeded 50 billion, and the highest reached 80 billion. Although the company's assets have shrunk in recent years, the loss They are all intangible assets. The fixed assets of the enterprise are still there. A lean camel is bigger than a horse. Weipeng Automobile is indeed worth the price.

"Then how much capital can our Feichi company use?" Zhou Fei asked.

"If only the bank and inventory funds are counted, our company's standing funds are about 25 million yuan, which is high liquidity in any enterprise, but if other various assets are included, the total amount that can be used, that is, About [-] billion, less than [-] million."

Li Jianneng calculated it carefully, and then replied.

Cash is generally considered to be the most liquid asset. The more standing funds, the stronger the company's ability to resist risks. Three hundred million may not seem like much, but it is real money that can be used at any time , there are very few enterprises that will keep so much standing funds.

Not long after Feichi Company was established, Zhou Fei has always required that the cash stock should not be lower than [-] million in order to ensure the company's ability to resist risks.

"If it's only 25 billion, it's really difficult to acquire Wei Peng Automobile." Zhou Fei frowned.

"It's not difficult, but very difficult. The 25 billion is all the funds we can use, but if all this money is used to acquire Wei Peng Automobile, the normal operation of the company will not be able to continue. "Li Jianneng explained with a smile.

The daily production, management and other aspects of Feichi Company all need financial support. It is indeed impossible to spend all the funds on the acquisition of Wei Peng Automobile. Even if the acquisition is successful, Feichi Company itself will probably fall into financial crisis. .

"Then how much is the maximum amount of funds that the company can use?" Zhou Fei continued to ask. Only by knowing this can we know the approximate amount of funding gap.

"Twenty billion, as long as five hundred million is left, it is enough to meet the company's normal operating needs."

Zhou Fei frowned, "If it's two billion, it means that the current funding gap is at least one billion, which is a bit much."

(End of this chapter)