50 billion yuan! Exposure of Alibaba's intention to acquire shares of Ziguang

On July 9th, Ziguang Group confirmed that it had received the "Notice" from Beijing No. 1 Intermediate People’s Court. The relevant creditors said that Ziguang Group could not pay off their due debts, their assets were insufficient to pay off all debts and they obviously lacked the ability to pay off. On the grounds of reorganization value and the feasibility of reorganization, it applied to the court for bankruptcy reorganization.

Ziguang Group emphasized that the application for reorganization by creditors did not directly affect the daily production and operation of group companies such as Ziguang Guowei, and all production and operation activities were carried out normally.

Its subsidiaries, Ziguang Guowei and Ziguang Zhanrui, have also publicly stated their positions and have not directly affected production and operation activities.

Speaking of which, Ziguang Group is one of the largest high-tech industry groups in China. Its predecessor is a school-run enterprise of Tsinghua University. It also owns a number of listed companies or holding companies, such as Ziguang Co., Ltd., Ziguang Guowei, Ziguang Zhanrui, and Yangtze Storage , Xinhua San, etc., involving chips, storage, security, cloud computing and other fields, known as the world's third largest mobile phone chip design company, accounting for more than 20% of the global SIM card chip market share.

How can such a high-tech group company suddenly face the crisis of bankruptcy and reorganization? The specific situation is still unknown, and it is speculated that there may be some problems in the capital chain.

According to sources, Ziguang Group is burdened with approximately US$31 billion in debt, and as more bonds are about to expire, Ziguang Group is trying to sell its 46.45% stake in the cloud computing infrastructure company Ziguang shares to the outside world. The value is 40-50 billion yuan.

According to the latest disclosures by people familiar with the matter, Alibaba and several government-backed companies are considering acquiring shares in Ziguang shares, and the bid may be as high as RMB 50 billion.

In addition to Alibaba, Wuxi Industrial Development Group, Beijing Electronics Holdings Co., Ltd., and Beijing Jianguang Asset Management Co., Ltd. (JAC Capital) are also interested in bidding. The deadline is July 20.

The source pointed out that if Alibaba can submit a binding offer before the deadline, it will cooperate with a company under the local government, but did not disclose the identity of the latter.

China's largest chip company, is it cold?
An announcement broke the final stubbornness of the 300 billion chip giant!

In the middle of the night of July 9, Ziguang Group issued a major announcement and received a "Notice" from the Beijing Intermediate People's Court on the same day. Some creditors applied for bankruptcy and reorganization of Ziguang Group on the grounds of insolvency.

Tsinghua Unigroup, the world's third largest and China's largest manufacturer of mobile phone chips, is going to go bankrupt?

Two of its listed companies, Ziguang Guowei with a market value of 100 billion and Ziguang shares with a market value of 65.8 billion, issued announcements at the same time, and the company's shareholding structure may have major changes.

It really stirred up waves with one stone!

On the current domestic hottest track, the chip industry has risen to the level of national strategy, demanding money for money, land for land, and policies for policies. Under such a good situation, China's largest chip company has suddenly come to the brink of sudden death.

The tragedy of Tsinghua Unigroup has taught all Chinese chip companies an extremely painful lesson.

From China's best "school enterprise" to China's largest chip company, Ziguang Group has not lost to anyone.

There were originally two "China's best school companies", one is Peking University's Founder under Peking University, and the other is Tsinghua University's Ziguang Group, both of which are state-owned enterprises directly under the Ministry of Education.

For many years, this name has been contested by two companies. However, starting from February 2020, this title belongs to Tsinghua Unisplendour. Because Peking University Founder was unable to repay its debts, it was filed for bankruptcy and reorganization by the "brother" Bank of Beijing. Thinking that a year later, Ziguang Group also embarked on this path.