This is a public record generated listing.
Assets of Electric Vehicle Manufacturer Business
Listing Information
Attachments
Assets of Electric Vehicle Manufacturer Business
Price: $50,000,000.00
Other Item Info
Item #: vaebke_684575
Created: 10/21/2018
Category: Business Property > All Assets or Going Concerns > Automobiles & Parts
Sale Date: None Set
Created: 10/21/2018
Category: Business Property > All Assets or Going Concerns > Automobiles & Parts
Sale Date: None Set
Seller Info
Kristen E. Burgers
Debtor's Attorney
8270 Greensboro Drive Suite 700
Tysons Corner, VA 22102
703-584-8364
Debtor's Attorney
8270 Greensboro Drive Suite 700
Tysons Corner, VA 22102
703-584-8364
Bankruptcy Info
Case #: 1:18-bk-10651
Case Title: GreenTech Automotive, Inc.
Court: Virginia Eastern Bankruptcy Court
Chapter: 11
View Case Docket
Case Title: GreenTech Automotive, Inc.
Court: Virginia Eastern Bankruptcy Court
Chapter: 11
View Case Docket
Description
Sale of substantially all of assets of the GreenTech Automotive, Inc., which includes:
- That certain real estate located in Robinsonville, Tunica County Mississippi, consisting of 99.5 acres, more or less, owned by GreenTech and on which GreenTech constructed and fitted out a manufacturing facility for automobiles (the “Mississippi Parcel”);
- A minority interest in Jiangsu Saleen Automotive Technologies Co., Ltd., a Chinese limited company (“JSAT”), which (a) was received by GreenTech in exchange for the conveyance of its rights in the MyCar intellectual property and certain engineering assistance to JSAT and (b) is held on behalf of GreenTech by a subsidiary of WMIC, with such subsidiary organized under the laws of the Peoples Republic of China (the “JSAT Interest”);
- Litigation claims, if any, that exist, and have not been settled or released, as of the Effective Date (defined below) of the Plan, excluding avoidance actions pursuant to the Bankruptcy Code, which will remain with the Liquidating Trustee of the sellers (the“Litigation Claims”); and
- All of the membership interests in Gulf Coast Funds Management, LLC, a Louisiana limited liability company (the “GCFM Membership Interests”).
Financial Overview
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