In addition to the Securities and Futures Commission, the legal accountability of the court to Jiayue Ting also continues; and whether or not listed companies can seek to sue in the United States for real links like real estate and work may also be considered.
Jia Yueting, the founder of LeTV, has said many times that he will return home next week, and now regulators are asking him to return this week. On December 25, the CSRC circular ordered that LeTV Jia Yunting should return home before December 31, 2017 (Sunday) .
Beijing Securities Regulatory Bureau, the full name of the China Securities Regulatory Commission Beijing Authority, is the CSRC dispatched institutions.These shot, is based on territorial jurisdiction of the domicile in Beijing's LeTV governance issues to be regulated.As a listed company, LeTV and related companies The recent deep quagmire of debt, long-term suspension of shares, has almost become a 'fake' listed company.
In May 2015, Jiayue Ting promised to lend all the proceeds to the listed companies as interest-free loans, but has never been able to cash in. In the securities market, what the big shareholders promise to do to the company is also a positive move to boost the share price News.At that time, just before the stock price turmoil, the controlling shareholder made this commitment when the high holdings, but also played a stable market, easy to get out of the role.Therefore, music Watch minority shareholders have the right to speak out to the major shareholders have expectations, and If there is no sincerity of major shareholders, the same as the false statement.
In addition, the related companies controlled by Jia Yunting owe a huge sum of money to listed companies and have yet to pay back the money. "The tens of billions of dollars that LeTV has come to finance and the high cash payments come from Jia Youting have always been the mystery of the financial circle one.
Therefore, the witness of the rise and fall of the music watch network, Jia Yunting overseas returned, whether brought back real money, or bring back the truth, the music is not the case of the Bureau to resolve the risks are quite valuable.
However, China Securities Regulatory Commission, China Securities Regulatory Commission, only the securities market participants to take regulatory measures in accordance with the law, neither direct custody of Jia Yunting home, nor can Jiayue Ting refuse to go back to China to take punitive measures.After all, promised not to cash, Borrowing does not return non-legal securities violations, not enough filing penalties.
Previously, Beijing Securities Regulatory Bureau on September 13, December 7 issued a regulatory attention letter to Jiayue Ting, asked him to return immediately after the presentation of the company to deal with the various risks, but also through the listed company repeatedly sent to Jiayue Ting returned However, no relevant action has been taken so far and it is unlikely that we will suddenly regret it in a week's time.
However, this circular of the Beijing Securities Regulatory Bureau is still worthy of recognition, which is indeed a manifestation of the regulators' active performance within the limits of authority, expressing their concerns about the investor crisis and also refocusing the public's attention on music. Instead of disappearing, he is an active motorcyclist across the ocean, and the voice of the Chinese government on his accountability can also be transmitted to the United States through financial media and other channels, putting pressure on the 'entrepreneur'.
In addition, the music Watch since April 17 has been suspended for six months because the reason has been reorganization .25 LeTV announcement that the company will be drafted to replace music control as the largest shareholder of Music as the hope that this is speed and restructuring Implementation of the important opportunity.
An important part of the work of the CSRC is to supervise the progress of the reorganization of listed companies. In particular, when the suspension and restructuring have seriously damaged the liquidity rights of shareholders, Beijing Securities Regulatory Bureau may also wish to maintain the possibility of resumption of trading with LeTV and Shenzhen Stock Exchange Staged communication. The devaluation of the value of the music Watch has become a high probability event, the procedural rights of shareholders can no longer be "stuck."
In addition to the SFC system, the courts are continuing legal accountability over Jiayuenting, which has twice been listed as the 'trusted and executed' by the Third Intermediate People's Court of Beijing, namely, Lao Lai, In some cases, the execution of the judgment delineated Jiayue Ting's bank deposits and sealed off the shares and real estate held by Jia Yueting, and whether or not listed companies can seek to sue in the United States for real links like real estate and work may also be considered.