Evergrande Health (00708) and Faraday Future (hereinafter: FF) have advanced.
Evergrande Health has announced that Smart King, a joint venture with FF, has again filed an urgent request at the Hong Kong Arbitration Center for the seizure of the company's assets.
In June this year, Evergrande Health spent 6,75 billion yuan to buy Shi Ying, then Shi Ying had 45% Smart King. Since Smart King has 100% FF, Evergrande Health has 45% FF.
On July 7, last month, Jia Yueting proposed to the International Arbitration Center in Hong Kong to withdraw Evergrande's authorization for healthy financing and to abolish all agreements, and also asked him to take away his mortgage. Finally, the arbitration center refused Jia Yueting's request, but agreed that the FF would finance it from other sources. Access to channel resources.