On the night of January 11, Coolpad Group (02369.HK) released a notice that the company was informed by Leview Mobile HK Limited on January 11, 2018 that Leview Mobile HK Limited sold 551 million sales shares to its buyer, Zeal Limited. The company was also informed that the completion took place on January 11, 2018.
Immediately after Completion, Leview Mobile HK Limited ceased to have any interest in the Company and the Purchaser Zeal Limited held 551 million Shares, representing approximately 10.95% of the issued share capital of the Company as at the date of this announcement.
On January 4, Coolpad announced that Leview Mobile HK Limited has informed of the Disposal and the Purchaser has purchased 897,437,000 Sale Shares at a cash consideration of HK $ 0.9 per Sale Share, representing a total consideration of HK $ 807 million, which is no longer a single Big shareholder.
June 28, 2015, LeTV invested 2.18 billion yuan to buy an 18% stake in Cool, became the second largest shareholder.
In June 2016, LeTV increased its stake in Coolpad to 28.90% and became its largest shareholder.
August 5, 2016, Cool announcement that Jia Yueting formally admitted to the Coolpad, as chairman. Then the former president of Huawei Honor Liu Jiangfeng as Cool CEO.
August 31, 2017, Cool CEO Liu Jiang Feng announced that Cool left.
In November 2017, Jiayue Ting resigned as Chairman of Cool Board.
Since the Jiayue Pavilion into Cool Group, Cool shares continue to plunge, the lowest dropping to 0.66 Hong Kong dollar.