First Financial App to salsa
As the year approached, Jia Yuetting, the founder of LeTV Group, was drying up his Christmas greetings in Weibo, but his suppliers were destined to fail to make a great success. After many unsuccessful debts in Beijing, some suppliers struggled and even some Has been bankrupt.
On December 25, Jia Youting issued a Wealth Christmas greeting 'Merry Christmas all FFer!' To Faraday's future ('FF') employees.
However, on the other end of his blessing and smile, he was frustrated and sighed by LeTV Holdings and LeTV Mobile Vendors, and Lao Hong (pseudonym), once in charge of debts in Beijing eight times, said in an interview with CBN reporter that currently LeTV and their arrears There will be no progress. We will go back to Beijing to collect debts before the Spring Festival. We hope that LeTV will "repay part of the debts for humanity." Because we have small companies that can not survive, at least three of our group have gone bankrupt. There are many difficult steps to take, after all, arrears are not small numbers.
After the music crisis broke out in the second half of 2016, these mobile music providers from many parts of Zhejiang, Hainan and Sichuan all made their debts to Beijing several times. At the July 2015 LeTV shareholders 'meeting, suppliers also held high the' Debt music also 'slogans to collect debt. At the scene is not entirely statistics, music still owes these suppliers about 33 million yuan of the balance.
No debt to make difficult
In September, Jia Yuetting, who claimed he was 'responsible', reached an agreement with the suppliers and eventually the suppliers agreed to evacuate the LeTV building as Lao Hong told First Financial said: "This is for a group of more than 20 suppliers Effective solutions, but not for the money now. "Lao Hong said the repayment plan has a window of time to be around until next year (2018), because there is no money for music at all. '
LeTV owes more than 3 million debts to Chengdu's Zhang (a pseudonym) from Chengdu, and when it accepted CBN's interview on the 26th, Zhang said the repayment agreement was "a piece of waste paper, zero!" He said at that time The agreement is to deceive them to leave music, 'we are fooled'.
He pointed out that LeTV debt has a very big impact on the company. 'The money does not come back, we have to pay the money of many suppliers, and this involves too much.' He did not want to mention more music, 'because the situation This is already the case, and you have no choice but to take the time to do something else.
As for the money from Jia Youting at the time, Lao Hong revealed to CBI that there are some non-Le's external strategic partners reaching an agreement with Lao Ji on some kind of cooperation and come up with shares of other companies whose investments are realized to help LeTV Mobile repay some of the debtors' debts. "But he did not disclose a specific repayment agreement.
Currently, LeTV still owes 1.6 million more than its annual turnover, exceeding 10% of its annual turnover. "He said he is not the worst compared to many suppliers, 'because large suppliers are not as appropriate when they do not receive money The supply was cut off, but Music was still triumphant at the time looking for other smaller companies that had only verbal agreements and did not even make advances on the contracts.
However, he said he is still willing to believe that Jia Younting can raise money and finally solve the debt problem. 'Now it is normal for it to die. I'd rather it (Music) get better.'
Even if the contract is signed, it still can not perform.One was music as arrears supplier 500,000 for the first financial reporter said that at present still looking for ways to borrow money to deal with his suppliers, 'we are also outside to borrow money, total Let's live first, and on the part of them, we borrow a part of ourselves and work together to weather the storm and pay workers part of their wages. "
On the same day that Jia Yunting sent his Christmas greetings, Beijing Securities Regulatory Bureau issued a circular ordering Mr. Yu to return to China before December 31, 2017, earnestly fulfilling his obligations as the actual controller of the company, resolving the company's problems in a proper manner, properly handling corporate risks and protecting investors Legal rights and interests.
The circular said that recently, the listed companies LeTV and LeTV related companies operating difficulties, Jiayue Ting LeTV as the actual controller and the former chairman of the company urgently needed funds failed to fulfill the interest-free loan commitment to listed companies, Beijing Securities Regulatory Commission has been Jiayue Ting's act in breach of promises issued a Decision on Measures for Gu Yueting to Take Measures to Correct Administrative Supervision Measures. Up to now, Jia Youting has not yet fulfilled his commitment and has not submitted a rectification report to the Beijing Securities Regulatory Bureau.
However, those who are owed by the debtors when they interviewed CBN think that Jia Youting will not return home.Hong Hung said, 'Jia Yunting more than 90% may not be back.If Lao Jia can return to Beijing is a good thing, we are sure Will pass'.
On the afternoon of December 13, LeTV released a public notice that the system for querying the information of court-enforced persons in the country indicated that Jia Yunting was listed on the list of people being executed four times in recent days. Recently, Jia Youting was listed as the third-ranking People's Court of Beijing into a deception The list of executors.Jia Yuanting failure to perform legal obligations set forth in the obligations include the payment of Ping An Securities, the initial transaction amount of 462 million yuan, interest of 4,198,800 yuan, breach of contract payment of 9.0989 million yuan, the implementation of the certificate notary fees of 1.426 million yuan, 256 legal fees Million.
Vendor: LeTV delays
Many of the suppliers did not give up the option of taking legal measures while claiming debts, but it also took time.After Li Xin, a supplier responsible for music peripheral products, told First Financial said: 'You have to go through legal channels, Letv) Every now and then, you sue us. A lawsuit has been tossing more than two years, more than two years as music do not know what kind of '.
Just this week, Beijing Court of Trial Information Network also hung up the Scud (Fujian) Electronics Co., Ltd. and LeTV Holdings, the first case of music as the sale and purchase contract dispute civil ruling and Wafu Securities Co., Ltd. and other notarized claims instrument execution ruling.
According to the civil ruling, Beijing No. 3 Intermediate People's Court froze the application for the property preservation of Scud Electronics and froze the deposits of the company under the name of LeTV Mobile and LeTV Holdings or seized and seized its correspondingly valued property at a limit of RMB167 million. The referee date is June 14, 2017.
In the case of disputes between Hua Fu Securities and Jia Yunting notarized claims, Beijing No. 1 Intermediate People's Court investigated the bank deposit, house registration and vehicle registration of the executed party Jia Yuanting in accordance with the law, and deducted the deposits of the bank of RMB1.0994 million At the same time, the court waited for the seizure of 1.04 billion shares of LeTV held by Jia Yueting and awaited the seizure of the real estate located at Dongzhimenwai Street, Dongcheng District, Beijing under the name of Jia Yuenting and the real estate x located in No.2 District 2, Shuanghua Garden, Chaoyang District, Beijing .
According to the ruling, Jiayue Ting should perform 203 million yuan and breach of contract damages, has fulfilled 1,309,400 yuan, 202 million yuan and breach of contract damages have not been fulfilled.
Li said that he had filed a case with the Chaoyang court around May 2017. In September, LeTV filed a dispute over jurisdiction and believed that the case was not under the jurisdiction of the Chaoyang Intermediate People's Court. However, it took time to raise an objection and then to dismiss it. 'To put it bluntly, Chanting time dragging '.
The Scud electronic case also confirmed his point of view.On December 22, in a separate ruling on the above-mentioned Scud Electronics and LeTV case, Beijing No. 3 Intermediate People's Court rejected the objection to the jurisdiction raised by LeTV, The case was sent to Beijing Shunyi District People's Court for trial, and LeTV Holdings Co., Ltd. was sent to Beijing Higher People's Court for trial. The case was put on April 28, 2017 and the date of refereeing is July 10, 2017.
At present, Li Xin is still waiting for further news from the court, arguing that the courts will eventually dismiss the demand for music, "but it will take time," he sighed.
The majority of the suppliers owed huge sums of money mainly for the non-listed system, as the mobile music market, but the music market is also not good music, according to music net earnings report, net loss of 10.15 billion yuan in the third quarter.In addition, Network announced on August 25, the company involved in the past 12 months as the plaintiff involved in the proceedings, the total amount involved in the arbitration amounted to 30.21 million yuan (including plaintiffs seeking compensation, liquidated damages, legal fees); the company was prosecuted 33 cases , Involving a total amount of RMB 1,597 million (including the plaintiff's claim for compensation, liquidated damages, and legal fees) and USD 3,732,800.
On the evening of December 15, the announcement of LeTV revealed that the appointment of Liu Shuqing as the general manager of LeTV and the change of its legal representative to Liu Shuqing meant that Rongchuang had full control over Xinle Television, but the future of LeTV is still unknown.