Jiayue Ting LeTV shares held in the pledged state of about 1.02 billion shares, the pledge rate close to 100%
■ reporter Jiangjiang Jiang
Recently, Founder Securities application for a mandatory public placement of music pledged shares pledged public concern caused widespread concern in the market due to the Watch TV vice chairman Liu Hong and former chief financial officer Yang Lijie refused to repurchase pre-pledged music Watch shares involved in the amount of up to 1.92 100 million yuan, Founder Securities has applied to the court for enforcement, Changsha Intermediate People's Court has recently accepted.
However, compared with the two, the number of shares of music Watch pledged by Jia Yunting more.According to the "Securities Daily" reporter statistics, listed more than 7 years, Jia Yuanting equity pledge involving 12 brokers However, these The majority of brokerages have already said through the interactive platform for investor relations and reply to media interviews that the previous pledge of equity pensions has ended and that Jia Yueting pays a one-time, 507 million shares of Music Watch in October 2015 1.014 billion shares), whose pledge side is still unknown.
Founder Securities application enforcement
Required to repay the principal 180 million yuan
Before the suspension of music and TV in April this year, the total number of pledged shares of its shares accounted for as much as 96.66% of the outstanding shares. Except for the majority of the shares held by Jia Yueting, the shares held by the majority of the music executives were also pledged.
According to Founder Securities December 5 announcement, after the music co-founder and chairman of the Cool Group Liu Hong and single left happy couple, the former music financial director Yang Lijie and Zhao Long couple, will be the music of the stock pledged to Founder Securities.
Among them, in October 2016, Liu Hong and Founder Securities signed a pledge collateral repo transaction agreement, Liu Hong pledged 650 million shares of LeTV video to Founder Securities, into the initial transaction principal of 100 million yuan, The debt is the common debt of husband and wife Liu Hong spouses and single spouse.In early July 2017, Liu Hong and Founder Securities signed a supplementary pledge agreement, with its 2 million shares of securities held by the pledges to Founder securities supplement for all debt Providing supplemental pledge guarantee, so far, Liu Xiang to Founder Securities pledged a total of 8.5 million shares of securities (according to LeTV 2016 annual report, LeTV will implement 10 to 10 high transfer program, August 24, 2017 equity Registration date, pledged 850 million shares corresponding to 17 million shares).
The same was Founder Securities sued court also the music as the original financial director Yang Lijie In June 2016, Yang Lijie and Founder Securities signed a pledge-type repo transaction-related agreements, Yang Lijie 480 million shares held by its music Video pledges To Founder Securities, into the initial transaction principal of 80 million yuan, the debt of Yang Lijie and spouse Zhao Long couple common debt. 2017 March to July, Yang Lijie and Founder Securities have signed a supplementary pledge agreement, voluntarily with its holdings Of the cumulative 136.2 million shares of securities supplemented by pledges to Founder Securities, to provide supplementary pledges for all debt guarantees, thus, Yang Lijie Founder Securities pledged a total of 6,162,000 shares of securities, after the exception should be changed to 12,324,000 shares.
In the second half of this year, Founder Securities under the agreement, respectively, the deterioration of the Financial Watch and the pledge of the subject matter was frozen by the court to require Yang Lijie and Liu Hong early redemption of shares unsuccessful, then apply to the court for enforcement.Recently, Changsha City, Hunan Province Intermediate People's Court has accepted Founder Securities executive application, the case is currently being implemented.
Jiayue Ting still 1.02 billion shares were pledged
Most did not disclose the pledgee
In fact, compared with the above two, the number of shares of Music Watch pledged by Jia Youting is even more, and the market is more concerned about whether they will have the information of these financings. The third quarterly report of 2017 shows that Jia Youting is still the largest shareholder of Music Watch, A total of about 1.024 billion shares held by the shareholding ratio of 25.67%, of which 1.02 billion shares were pledged, the pledge ratio reached 99.53%, while the music fund crisis broke out, the shares held by Jiayue Ting have all been frozen.
According to "Securities Daily" reporter statistics, in August 2010, LeTV initial public offering of shares.It successfully landed in the capital market the following year, Jiayue Ting began to use his shareholders rights, pledged equity financing .In the market more than seven years , Jia Yueting handled a total of 34 equity pledges, involving 12 brokerage firms, namely Haitong Securities, CDB Securities, Orient Securities, CITIC Securities, Ping An Securities, Southwest Securities, Shanxi Securities, China and Thailand Securities (formerly known as: Qilu Securities ), Guotai Junan Securities, Guodu Securities, Guoxin Securities, Cinda Securities.
In the wake of the music fund crisis, the above-mentioned many brokers have all sorts out the relationship with LeTV through various forms, indicating that the previous equity pledge business has ended. Take Shanxi Securities as an example. Recently, Shanxi Securities, on the interactive platform for investor relations Said the company currently does not have Jadetone pledging music Watch shares.
And more brokerage is through the media to respond to the interview to express that there is no music video pledged by Jade Jeting.According to statistics, Haitong Securities, Ping An Securities, Southwest Securities, Zhongtai Securities, Guodun Securities, Guoxin Securities told the media that the previous equity pledge business has ended.
However, Jiayue Ting the largest equity pledge in recent years, but also the only undisclosed pledgee was in October 2015. Its one-time pledged 507 million shares (about 1.04 billion shares after the restoration of rights), conservative estimates, which Pen financing will be as high as billions of dollars.To date, LeTV's announcement there is no information on whether or not Jiayue Ting this financing.
Journalists had previously confirmed to many agencies, including LeTV, formerly involved in financing Jade Buddha Pavilion funds and trusts, by telephone, SMS and e-mail, but there was still no accurate information on who participated in the huge amount of financing.