Music as the company has another billion yuan assets have been frozen.
On Dec. 22, Beijing Civil Trial Court issued a civil ruling on the first trial of the sale and purchase contract between Leo Electronics Co., Ltd. and LeTV Holdings (Beijing) Co., Ltd. and LeTV Mobile Intelligent Information Technology Co., Ltd.
According to the ruling, Scud Electronics applied for property preservation to Beijing No. 3 Intermediate People's Court, requesting the freezing of assets from LeTV Mobile, the bank under the name of LeTV Holdings or sequestering and seizing its corresponding value, with a limit of 167 million yuan.
Business information shows that the shareholders of Scud (Fujian) Electronics Co., Ltd. are KEEN POWER HOLDINGS LIMITED (Hong Kong). According to the Hong Kong Company Search Office, the company's Chinese name is Rui Neng Group Limited.
According to the official website of the Scud, Scud Group was founded in 1997 and was listed in Hong Kong at the end of 2006. At present, the subsidiaries of the Scud Group include more than 10 companies including Scud (Fujian) Electronics Co., Ltd. and Scud Battery Co., Ltd. The company's products include mobile phone batteries, Power battery, the main customers are Huawei, ZTE, millet, Lenovo, Samsung and other brands.
The music as the mobile music business as the main mobile phone business in November last year, as the outbreak of music chain crisis crisis, the fuse is the cell phone business owes suppliers huge sums.
Beijing No.3 Intermediate People's Court held that the applications for the property preservation of the Scud Electron comply with the law and should be allowed and ruled to freeze the assets of the LeTV Mobile or the music storage company under its control or to seize and seize its corresponding value, RMB100 million, the ruling immediately began to be implemented.The deadline for the ruling was June 14, 2017.
The civil ruling issued by Beijing No.3 Intermediate People's Court on July 10 disclosed in detail the detailed appeals of the dispute between Scud Electronics and LeTV Holdings and LeTV Mobile. The case was filed on April 28.
Plaintiff Scud Company sued: 1. LeTV Mobile paid RMB11.446 million in loans and USD21.8258 million (equivalent to RMB150 million) of interest loans and interest, temporarily RMB5,491,700 as of April 10; 2. LeTV Holdings' The above first request bear joint and several liability for payment; 3, LeTV Mobile, LeTV Holdings assumes the legal costs of the case.
Currently, as the Mobile Music and Music Holdings have been included in the list of dishonest be executed by the court, together with the list of music founder Jia Yueting.
It is worth mentioning that, on December 25, Beijing Court trial information network also linked to the implementation of the case of disputes over notarized claims by Hua Fu Securities and Jia Yuanting.
Huafu Securities on September 1 to Beijing No. 1 Intermediate People's Court for enforcement, the amount of 2.01 billion yuan and liquidated damages. In the implementation of the court according to the law to be executed Jiayue Ting bank deposits, housing registration, vehicle registration were investigated , Deducted the executed bank of 1.3494 million yuan by the bank of Jiayue Pavilion, waiting for the seizure of 1.04 billion shares of LeTV held by Jia Yueting and waiting for the seizure of the real estate located in Dongzhimenwai Street, Dongcheng District, Beijing, under the name of Jia Yueting and the property located in Chaoyang, District Shuang Garden Nanli District two real estate X. It is ascertained that Jiayue Ting no other bank deposits available for execution, no other house registration records, no vehicle registration records.
According to the ruling, in the current implementation, Jia Youting, the executed party, should fulfill a total amount of 203 million yuan and breach of contract damages, and have fulfilled 1,309,400 yuan, 202 million yuan and breach of contract damages.