The 25 billion shares of Leiding Automotive have been frozen! What happened to the King of Old Man’s Joy?

What happened to the King of Old Man's Joy? The 25 billion shares of Leiding Automotive have been frozen

【Phoneauto News】Recently, Phoneauto noticed that according to the information displayed on the Qichacha app, Reding Automotive Group Co., Ltd. has added a new equity freeze information. The company whose equity is being executed is Sichuan Yema Automobile Co., Ltd., with a frozen equity amount of 2.574 billion yuan, and the freeze period is from July 17, 2023, to July 16, 2026. The executing court is Changle County People’s Court in Shandong Province.

It is worth mentioning that previously, the equity of Sichuan Yema Automobile Co., Ltd. held by Reding Automotive has been frozen multiple times. For example, at the end of May this year, Reding Automotive Group Co., Ltd. added a new equity freeze information. The company whose equity is being executed is Sichuan Yema Automobile Co., Ltd., with a frozen equity amount of 120 million yuan, and the executing court is Kuixing District People’s Court in Weifang City, Shandong Province.

According to the information on the Qichacha app, Reding Automotive Group Co., Ltd. was established on October 29, 2012, with a registered capital of 100 million yuan. The legal representative is Wang Dejin, who also serves as the executive director of the company. According to the industrial and commercial information, the company’s industry is automobile manufacturing, and its location is Changle County, Weifang City, Shandong Province. Its business scope includes the production, sales, and technical development of electric field vehicles, park electric patrol vehicles, electric tour vehicles, electric cars and accessories, technical consulting, technical services, technology transfer, import and export of goods, etc. Currently, Reding Automotive Group Co., Ltd. is wholly owned by Bide Wen Holdings Group Co., Ltd.

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It is worth mentioning that previously, in May 2023, Reding Automotive Group Co., Ltd. added a bankruptcy review case. Both the applicant and the respondent of the case are Reding Automotive Group Co., Ltd., and the court handling the case is Changle County People’s Court in Weifang City, Shandong Province.

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