New Le Wisdom House is an important asset of LeTV
LeTV released on the 1st of the company's important subsidiaries andTencentNotice of signing the Supplementary Statement to the "Cooperation Agreement" that the company has pledged the shares held by Xin Le Zhi Zhijia. If the company fails to repay the debt on time, the pledged assets will be disposed of according to law, and the company will face the risk of losing the actual control of the new Le Zhi Zhi Zhi. . Two days ago, New Music Vision Home and TencentvideoThe news of cooperation has caused widespread concern.
According to the latest announcement, LeTV.com currently holds a 40.3118% stake in New Lezhi Wisdom, which is a new Lele Wisdom House controlling shareholder and consolidated statements. Up to now, the company has pledged 34.9398% of the total registered capital of New Lezhi Zhijia as pledged to Tianjin Jia Rui Hui Xin Enterprise Management Co., Ltd. and Sun Chuang Real Estate Group Co., Ltd., and the company has pledged 5.3720% of the total registered capital of Xin Le Zhi Zhi Chi. Banks, trust companies and other financial institutions.
According to business statistics, Tianjin Jia Rui Huixin Enterprise Management Co., Ltd. is now the second largest shareholder of Xin Le Zhi Zhi Chi, holding 33.5% of the shares. According to LeTV's previous announcement, Jia Rui Huixin was established on January 9, 2017, under the actual control of Sunac China Holdings Limited.
In January last year, Sunac China invested in three companies, LeTV, New LeTV, and LeTV, which each received 8.56%, 33.5% and 15% stakes. In November last year, Sunac again provided a 1.29 billion yuan loan to New Lejia Wisdom, in return for a 13.541% stake in LeTV. In addition, Sunac also provided a 3 billion debt guarantee for LeTV. The guarantee pledged LeTV.com to hold 26.7702% of the shares of the remaining LeTV.
From the current situation, if LeTV is unable to repay debt on time, Tianjin Jiarui, which is owned by Sunac, is likely to replace LeTV as the controller of the new LeTV Sensei.
LeTV.com's announcement earlier this year showed that as of December 31, 2017, the company had a total of 9.288 billion yuan in loans and loans for loans, of which 5.619 billion yuan will expire in 2018. If the scale of the company's business cannot be returned to a higher level and the credit line is restored, the company will suffer from debt repayment pressure due to further tight cash flow.
In November last year, LeTV, the main operating company of LeTV, was renamed "LesVision to New", and was renamed "New LeTV." According to LeTV.com's semi-annual report, the net assets and total assets of Xin Lezhi's zhijia are the highest among the major subsidiaries and the equity companies that affect the company's net profit by more than 10%.
Last year was supervised and asked whether LeTV will "empty"
After the aforementioned share pledge occurred in November last year, the Shenzhen Stock Exchange sent a letter of concern 11 to LeTV, which specifically mentioned that “If the relevant loan cannot be repaid, whether the pledgee’s exercise of the security right or the pledge right will result in the listed company’s shell In the recent days, the Shenzhen Stock Exchange sent an enquiry letter to LeTV. It mainly involved Sun Hongbin's remarks that the sale of core assets was far from enough to repay debts. It was also asked whether there was a negative net asset trigger.
A few days ago, the news of Tencent's entry had originally caused some external "Music took a turn for the better." Now, whether Sun Hongbin will take the new LeTV Sensei has become the most concerned issue.
Sun Hongbin from LeTV's "naked back" once talked to the media. "We have invested in LeTV, LeTV, and New Music as the wise family. The other two are better, mainly LeTV.com has failed to invest." At the same time, "New LeTV Entertainment and New Music are regarded as wise, we will all think of ways to do it well, because it is not a listed company, and relatively speaking, the introduction of funds will be more flexible. LeTV is still leading in the field of smart TV."
At the end of last year, Rongchuang became the largest shareholder of LeTV. Recently, LeTV Films announced that it has changed its name to LeCine Entertainment.