Although Sun Hongbin had in public, many times that even behind Jia Yue Ting. But in all aspects of the boost, Sun Hongbin still had to stand on the opposite side with Jia Yue Ting. On the evening of September 21, the music company issued a notice saying that in order to urge the controlling shareholder to continue to fulfill its commitments, the board of directors of the Company has recently sent a letter and Jia Yueting to remind and demand that it continue to perform its loan commitments.
However, music as said that the company's stock since April 17, 2017 since the suspension date, in view of the recent Jayyue Ting asset freeze and other conditions, Jia Yue Ting commitment to the future there is a great deal of uncertainty.
Recently, Jia Yue Ting in Hong Kong, the United States to run around, in addition to investors and music as the financing of the negotiations, but also to solve the music as the non-listed system debt problem. And the debt also includes music as the non-listed system and the listing between the system. It is reported that Jia Yue Ting financing has been progress. However, Jia Yue-ting to completely solve the financial problems or need time, music at this time asked Jia Yue Ting to fulfill the loan commitments, or can only play a supervisory role.
Music Watch to Jia Yueting letter
What's the matter?
Music Watch founder Jia Yue Ting on the reduction of funds obtained from the commitment of listed companies has been the industry's attention.
Music Watch published in the September 21 announcement that the first half of 2017, the company in the case of financial constraints, Jia Yue-ting because of their own debt problems and personal control of music as the unlisted company debt problems, failed to follow the previous commitment to reduce funds Continue to use the listed companies. In order to urge the controlling shareholder to continue to fulfill its commitments, the board of directors of the Company has recently sent a letter and Jia Yueting to remind and demand that it continue to perform its loan commitments.
According to the announcement, since 2015, Jia Yue Ting reduction of funds to the listed company to the highest amount of 4.7 billion, the cumulative amount of 11.3 billion yuan.
Jia Yue Ting Although the Deutsche Network has been left all positions, but still the largest shareholder of music Watch. According to music published on August 28, 2017 semi-annual report, music video were returned to Jia Yue Ting, Jia Yuefang 2.6 million and 430 million yuan of loans. Music Watch network after the repayment of the company's major shareholder Jia Yue Ting and his sister Jia Yuefang borrowing, have all paid off.
It was originally a loan that did not need to be repaid first. According to Jia Yue Ting and his sister Jia Yuefang in 2015 and 2014 when the commitment to reduce music stocks, they will reduce the current funds, will lend all music to support the operation, and do not pay interest. These commitments are valid for at least 60 months (5 years). But Jia Yue Ting siblings of the music as the net interest-free loan commitments not enough for 5 years, music network in advance repayment, triggering hot outside.
At the same time, the loan, also led to regulatory concerns. September 12, Shenzhen Stock Exchange GEM management department to the music as the network sent a letter of concern, said a high degree of concern Jia Yue Ting reduction of funds commitment to fulfill the situation, asked music that Jia Yue Ting repayment time, amount, the reasons for repayment, and Jia Yue Ting Whether there is a breach of commitment and explain the reasons, and asked the music network sponsor, lawyers were issued a clear opinion.
September 21, music Watch this announcement announced that the major shareholders Jia Yue Ting borrowing with the loan with the model, the company according to production and business operations and operational considerations to ensure that the borrower's time and scale. In order to urge the controlling shareholder to continue to fulfill its commitments, the board of directors of the Company has recently sent a letter and Jia Yueting to remind and demand that it continue to perform its loan commitments.
Sun Hongbin for the first time and Jia Yue Ting opposition
After Jia Yueting went to the United States, Sun Hongbin has a real right to music. The music Watch network under the supervision of the regulatory authorities, asked Ya Yue Ting continue to fulfill the loan commitments, but also to Sun Yuebin to the opposite side of Jia Yue Ting.
In the music as the capital chain crisis broke out at the beginning, Sun Hongbin did not hesitate to come up with 15 billion yuan into the Council, saved Jia Yue Ting. Since then outside the media repeatedly directed by Jia Yueting Paolu occasion, Sun Hongbin also expressed his attitude in the circle of friends: & ldquo; no coffin. Support the old Jia. & rdquo;
In the recent financial meeting held six months of the meeting, Sun Hongbin side also wiped the side said, Jia Yue Ting entrepreneurial spirit, and said, I must make music as a good company & rdquo ;.
Face the outside world accused Jia Yueting transfer music as funds, Sun Hongbin also for its name, bluntly: "Jia Yue Ting did not divert music funds. & rdquo;
However, this time under the pressure of the regulatory authorities, Sun Hongbin had to issue to continue to fulfill the requirements of the commitment to borrowing.
According to sources: "Sun Hongbin stationed in, Jia Yue Ting back, the music as a full return to Jia Yue Ting borrowing, must be recognized under the Sun Hongbin completed. The Sun Hongbin and then to discuss the borrowing to Jia Yue Ting, asked to fulfill their commitments, or is under pressure in the regulatory authorities move. But the future with the music as the listed market and non-listed system between the problems and the complex, Sun Hongbin and Jia Yue Ting must no longer stand on the same front. & rdquo;