Jiayue Ting siblings set about 14000000000 yuan
According to "Securities Daily" press flush statistics found that, in addition to listed companies outside the rules, there are still 22 companies in December executives for offenses received from the SFC sanctions, including music video Jia Yueting and Jia Yuefang.
On December 7, 2017, LeTV received the "Decision on the Gu Yaoting's Order to Correct Administrative Supervision Measures" issued by the Beijing Authority of China Securities Regulatory Commission to Jia Youting and Jia Yuefang and the "Decision on Shanting Gu Yuefang's Order to Correct Administrative Measures decision".
The SFC said that Jia Youting and Jia Yuefang made promises in May 2015 and December 2014 respectively that they will lend all the funds they have obtained from LeTV shares to listed companies for use as working capital without interest. In November 2017, Jiayue Fang has made it clear that it is unable to continue to fulfill its promise of interest-free borrowing by listed companies. When the listed companies have difficulties in operation, they withdraw all the borrowings, refuse to honor their commitments, disregard their risks and seriously damage the vital interests of listed companies and the majority of small and medium-sized investors , The social impact is bad.
LeTV.com announced on May 26, 2015 that Jia Youting plans to reduce its shares not exceeding 8% of LeTV's total share capital by approximately 148 million shares within six months after which Jia Youting reduced its shareholding by approximately 135 million shares within a half year to a total of 5.7 billion Yuan.Among them, in early June 2015, Jiayue Ting reduced LeTV, cash of 2.5 billion; October 30, 2015, Jiayue Ting by transferring 100 million shares of LeTV shares to Xin root fund, cash 3200000000 yuan.
Since then, on January 16, 2017, LeTV introduced Rongchuang as a strategic investor and Jiayue Ting transferred 170 million LeTV stock to Tianjin Jiarui, a subsidiary of Rongchuang for a total amount of 6.041 billion yuan. From the above reduction point of view, Jiayue Ting total from music Watch now about 11.741 billion yuan.
In addition, Jiayue Ting's sister Jiayue Fang also by holdings of music video shares to cash in. In January 2014, Jia Yuefang holdings of 14 million shares of the company; December 9, 2014 to December 18, 2014, Jia Yuefang again reduced 12 million Shares; From January 30, 2015 to February 4, 2015, Jia Yue-fang and holdings of 24 million shares from the above reduction estimates, Jia Yue-fang cash of about 2.284 billion yuan.
From the above we can see, Jiayue Ting siblings through the high holdings of music video stocks, cash of about 140.25 billion yuan.
The SFC considers that the acts of Jia Youting and Jia Yuefang violated the relevant provisions and took the regulatory measures that Jia Yunting and Jia Yuefang ordered them to correct and requested that Jia Yueting and Jia Yuefang issue a written rectification report on the above irregularities.