On November 29, the Beijing Arbitration Commission submitted the application for preservation and the guaranty materials to Beijing No. 1 Intermediate People's Court. The court held that the application of the applicant complied with the law and ruled that the blockade or seizure of the music video at the bank should be blocked and seized. The value of the financial, the limit is 112.88 million yuan.
According to the ruling, if not satisfied with the ruling, it may apply to the Court for reconsideration within one day from the date of receipt of the ruling and shall not stop the ruling during the review.
The date of the ruling is November 30.
Business information, Huitian Network Technology Co., Ltd. was established in 2007 with a registered capital of 500 million yuan, the legal representative of Yang Lei, the largest shareholder is Yang Meiling, 99% stake. According to its official website information, Huitian network provides Internet infrastructure services, big data and cloud computing services.
Huitian network was music as the cloud business partners.
According to the announcement on the resolution of the 50th meeting of the 3rd Board of Directors released on 20 November by LeTV, after LeTV introduced the investor Huitian Network Technology Co., Ltd. in 2017, LeTV changed its ownership of LeTV as of 50.00% 47.21%, holding the number of 39,757.1979 shares unchanged.
However, the current corporate credit information network in Beijing, Music as the only shareholder of the music as the net music, music as the controlling stake in strategic emerging industries and music as the cloud-specific equity investment fund partnership (limited partnership), Huitian network has not yet appeared in the list of shareholders Among them, LeTV is the largest shareholder of music as the cloud, holding 50%.
According to the 2017 semi-annual report of LeTV, LeTV cloud in the first half of this year's operating income of 718 million yuan, net profit loss of 80.3 million yuan, attributable to minority interests for the loss of 42.37 million yuan.
It is worth mentioning that in the past on the music as the freezing of the news, mostly appear in Jiayue Ting LeTV non-listing system, such as in June this year, China Merchants Bank to apply for the Shanghai High Court freeze Ji Yunting and his wife Gan Wei and Le Feng Mobile Hong Kong Limited, Le Mobile Intelligent Information Technology (Beijing) Co., Ltd. and LeTV Holdings (Beijing) Co., Ltd. aggregated a total amount of RMB1,237 million in property and the property freeze for the first time was the first time.
The same day, a social platform also spread Ali 1.9 billion yuan Holdings Music, Lenovo and investment, into a second largest shareholder Rongcheng statement. However, the music network stakeholders to surging news reporters denied the news.