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Sun Hongbin referred to the music network three road companies to say that the pressure of funds is still big

via:博客园     time:2018/3/27 12:10:29     readed:434


Newspaper reporter Jia Li

After the withdrawal from the management of music network, Sun Hongbin publicly acknowledged publicly that he had failed in his investment in music. Recently, he said that there are three ways to go in front of LETV: bankruptcy reorganization, selling assets to repay debts and delisting, but all roads are very difficult.

In March 26th, LETV announced that the public information appeared on the music website, which may have a greater impact on the company's stock trading price, and the company's stock has been suspended since the day.

In response, a Letv insiders to the "Securities Daily" reporter in an interview, said:

It is understood that after Sun Hongbin's departure, the internal affairs of the music vision network were handled by Liu Shuqing. At present, the internal debt problem of the company has not been greatly improved.

No improvement in Fundamentals

Recently, Sun Hongbin's remarks, again pushed in the teeth of the storm as network music.

In this regard, an insider said that Sun Hongbin's statement is a personal view, and the company's business is running normally.

However, he revealed:

Sun Hongbin in the recent media interviews also pointed out that the current network is extremely lack of funds, has been insolvent. Now music network has 7 billion 500 million yuan claims, many of this year to expire, most of which are the arrears of the non listed system of the music network. At the same time, music network copyright amortization, interest rate of about 2000000000 yuan each year, how to do it is very difficult, the company's money is not enough to cover interest and debt.

What will the future of the music network be?

Talking about the future of the music vision network, Sun Hongbin said that next to the net may take three roads. The three roads are: one is the bankruptcy reorganization, but regulators need multi support, and long cycle, and even restructuring, also need not less than 10 billion yuan of funds, the current environment without any capital can come in; two is selling assets to repay debts, although the company has been very difficult, but can be maintained the current profit in the short term, to maintain the listing status; three is delisting.

Yang Zhaoquan, partner of Beijing Weinuo Law firm, said in an interview with the Securities Daily:

At the same time, Sun Hongbin stressed that Xinle Entertainment (the original music studios and Xinle) as tomoie (original music to new) still in promoting the related work, but both Xinle and Xinle as the entertainment business prospects as intellectual future to have little relationship with LETV, will not form a positive impact on the music network management.

After Sun Hongbin resigned from all his duties in LETV, it is possible for the outside world to speculate on the new investors, and the stock price of LETV also fluctuated.

In response, the aforementioned Letv insider said:

However, he revealed:

Shen Meng, executive director of Xiangsong Capital, said:

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