Liu Shuqing said that music network management has been actively and actively maintaining communication with Jia Yueting (and Jia Yuemin, Wei Gan) and related parties, including the recent media and investors' general concern for the purchase of land investment items. The company has many times with Mr. Jia Yueting, the telephone, mail communication, and will be obtained. The information is disclosed in time and abroad.
Depending on the continuous communication with Jia Yueting (and Jia Yuemin and Wei Gan), LETV hopes to solve the problem of large number of related party arrears in the listed company system as soon as possible. It is hoped that Jia Yueting and related parties can come up with effective solutions and repayment schedules as soon as possible, and save listed companies in a quagmire of financial difficulties in a timely manner.
Zhang Wei, chief financial officer of the music network, said that the loss of assets was about 10 billion 800 million yuan in 2017, of which the bad debt loss was about 6 billion 100 million (including the bad debt preparation for the accounts receivable and other accounts receivable). The accounts receivable and other accounts receivable are taken into account under the full consideration of the possibility of the repayment of the arrears and the external evidence obtained. It does not represent the company's abandonment of the recourse to the related party's arrears, and the company will continue to require the jjjt to be responsible for the related debt issues of the listed company.
Liu Shuqing stressed that the current management of listed companies is very difficult, and the current management has also been working hard to change the status quo, but it is hampered by the severe financial situation, and the normal operation of the company can not be effectively promoted.
According to the 2017 annual earnings report released by LETV and the first quarter earnings in 2018, LETV lost 13 billion 878 million yuan in 2017 and 300 million yuan in the first quarter.
Although Wei Gan and music holdings have said publicly that they are actively solving the debt problem with LETV, at present, the progress is still very slow.
At the beginning of this year, Wei Gan and the music holding company announced publicly that the related debt owed by Jia Yueting controlled company to the listed company was about 6 billion. Music as a statement of control, Jia Yueting promised to do its duty. According to the music holding company, more than 3 billion yuan of related debts had been formed at that time.
Of about 6 billion of the estimated amount of repayment expected by music holdings, more than 3 billion yuan has been implemented to accelerate the implementation, including but not limited to the announcement by the previous listed companies that the non-listed company, such as finance, music, and other high quality assets, can inject debt into listed companies, as well as other advanced solutions. (the specific plan and the announcement of the amount above the city company shall prevail). The remaining about 2000000000 will be completely resolved under the premise of laws and regulations. Music Holdings said that every square is pushing forward.
But after that, LETV said that the balance of debts owed by Jia Yueting controlled companies to listed companies amounted to about 7 billion 530 million yuan. And Jia Yueting's debt team and listed companies have substantially reached a debt settlement of only 92 million 900 thousand yuan, and the company holding subsidiary of the Xinle view Zhi family (changed the name of music to new) is to be a 92 million 900 thousand yuan price acceptance of electronic commerce operationwebsite(music as the mall) and related resources, intellectual property and other assets.