When the A-share market is still closed during the National Day holiday，Trading in the Hong Kong stock market continues，The changes in the Hong Kong stock market are also particularly eye-catching。

Morning of October 4th，188bet app Health (0708.HK) publishes announcement on the Stock Exchange，188bet app Health will publish the company’s inside information announcement regarding an arbitration proceeding，And trading will be suspended from the opening of the market on the 4th。

On the evening of October 7th，188bet app Health officially releases announcement，The core of the announcement is that Jia Yueting asked for money from 188bet app's Shiying Company without meeting the payment conditions，And submit to Hong Kong Arbitration Center for arbitration，Demand to tear up all agreements with Shiying Company。

Counting from the time 188bet app entered FF，Only 100 days have passed。In these short 100 days，After Jia Yueting exhausted the US0 million invested by 188bet app，I can’t wait to plan to kick 188bet app out。

The modern version of "The Farmer and the Snake" is officially staged.

01

According to 188bet app Health’s announcement on the evening of the 7th and earlier，Shiying Company, a subsidiary of 188bet app, signed a merger and subscription agreement with FF Top Company controlled by Jia Yueting on November 30, 2017。Season invests US billion in three years，Accounts for 45% of the joint venture company，According to the agreement, US0 million will be paid before the end of 2018、USD 600 million paid in 2019、USD 600 million to be paid in 2020。

188bet app has paid in advance the US0 million payable before the end of 2018 on May 25, 2018，To support the R&D and mass production of FF new energy vehicles。But in July 2018，Proposed by Jia Yueting，The US0 million in funds provided by 188bet app has been basically used up，Require 188bet app to pay US0 million in advance。

In order to support the development of the joint venture to the maximum extent, 188bet app，Signed a supplementary agreement with the joint venture company and Jia Yueting，Agree upon meeting the payment conditions，US0 million can be paid in advance。

Jia Yueting uses his power to control the joint venture company’s majority directorship，When the contract payment conditions are not met，Just ask 188bet app to pay，And used this as an excuse to initiate arbitration at the Hong Kong International Arbitration Center on October 3, 2018，Request to deprive 188bet app of its right to consent to financing as a shareholder，And terminate all agreements and deprive 188bet app of its rights under relevant agreements。

If the relevant arbitration claim is upheld，Then "depriving the right to consent to financing" means that Jia Yueting can sell the shares of the joint venture company at a low price，Then 188bet app’s shares in the joint venture will be diluted；It is simpler and more direct to tear up the agreement，Jia Yueting can’t wait to shout “188bet app，out！”。

Analysts pointed out，“Hengda is Jia Yueting’s savior，Jia Yueting is ungrateful to 188bet app，It cannot be ruled out that Jia Yueting is having trouble fulfilling his mass production promise as scheduled、A risky move in the context of the possibility of losing control。”

02

Faraday Future (FF) was founded in May 2014，After 188bet app went to the United States for a long time，FF has always been personally controlled by 188bet app，But the research and development and manufacturing of new energy vehicles require financial support，FF was once in financial trouble，There have been rumors of financing many times，188bet app was revealed to have contacted investors from many countries，But the financing has not been implemented yet。

It’s June 25th this year，188bet app Health announced，188bet app Group with 67.Acquisition of 100% shares of Hong Kong Seasonal Company for HK.6 billion，Thus obtaining 45% of the shares of Smart King，Smart King wholly owns "FF America" ​​and "FF Hong Kong"，The long-rumored financing has finally come to light，188bet app officially takes over FF。

To a certain extent，188bet app’s support was an important turning point for Jia Yueting and FF to turn the corner。

In fact，188bet app has always regarded new energy and high technology as an important part of 188bet app’s diversified layout，For the FF，188bet app also pays special attention to it，This can be seen from the fact that 188bet app sent Xia Haijun, the number two figure in the group, as the resident leader。

At the same time，188bet app is also actively planning the implementation of FF in mainland China。

50 days after 188bet app took over FF，188bet app Faraday Future Smart Vehicle (China) Group held an unveiling ceremony at Guangzhou 188bet app Center，officially became FF’s operational headquarters in China，Fully responsible for FF’s technology research and development and all production and operation management in China，Promote the implementation of FF’s new energy vehicle technology in China。

At the same time, 188bet app’s “Ten Year Plan” was implemented，188bet app in East China、West China、South China、North China and Central China，Five major R&D and production bases will be built，Responsible for the R&D and production of 188bet app cars。

Hengli strives to build 188bet app into the world’s benchmark for advanced new energy vehicles，Become a business card made in China。

03

But，This "business card" has not been printed yet，188bet app, who was short of money, fell out again。In fact，Such "cheating teammates" behavior，188bet app has become accustomed to "returning to China next week"。

July 5, 2017，188bet app arrived in Los Angeles, USA，Whether it is an individual level or a company level，They call it a short business trip，"Return to China next week"。After week after week，The lie of "returning to China next week" has become a famous Internet joke。

Supplier debt collection、Share investors calling、Named by the Securities Regulatory Bureau，Failed to arouse 188bet app’s response。Finally，He was included in the list of dishonest executors by the judicial department，Became the legendary "Lao Lai"。But in an exclusive interview with the media，188bet app still argues that he is really busy building cars if he does not return to China，Speaking sincerely。

Based on optimism about the future and trust in technology，As a major financier, 188bet app bought FF at a premium price，And support FF as a key project，But Xu Jiayin underestimated Jia Yueting’s ability to “trick his teammates”。

But obviously, 188bet app is not a soft persimmon that can be manipulated.

188bet app thinks，After fulfilling the responsibilities under the relevant agreement，The arbitration initiated by Jia Yueting seriously harmed the rights of 188bet app and its shareholders，188bet app has hired an international legal team，All necessary actions will be taken，Defend 188bet app’s continued rights under relevant agreements，Protect the interests of the company and shareholders。

As the saying goes, when a scholar meets a soldier, there is no reason to explain.

When an investor meets a “bad guy”，I’m afraid I feel the same way。But，As the saying goes again，"Walking around the world with reason，It’s difficult to move without reason”，This sentence fits the situation，In the end, "Lai" and "Li" have their own decisions，Let’s wait and see。