Beijing time on December 29 morning news, according to the U.S. media quoted persons familiar with the matter as saying that he was no longer the largest shareholder of Faraday Future and that he had transferred his future stake in Faraday to his nephew At the same time, Chinese regulators are putting pressure on Jia Youting to return from the United States.
Earlier this month, Jia Yueting, the founder of LeTV, was regarded as the major financial investor and major shareholder of the company when he took over the CEO of France Leo Electric Company. However, according to informed sources, Jiayue Ting is no longer a Largest shareholder, because earlier this year he had transferred his controlling stake in Faraday's future company to his nephew, Wang Jiawei.
Two former employees and a person close to the company told the media that Earlier this year, in a document signed with the Secretary of State of California, Wang was appointed as CFO of Fargo Futures and in 2016 Nevada's secretary of state, however, did not mention his future role in Farad, but he has been deeply involved in his efforts to win new investments for the company.
Faller's future representatives declined to comment on the company's financial position, but Wang Jiawei did not answer the phone.
Mr. Jia has been under increasing pressure throughout 2017 as music and its subsidiaries are in financial distress, and the sources said Faraday's future is a company registered in the Cayman Islands in 2015 by converting shares of the company he controls To Wang Jiawei, Jia Yunting tried to evade potential legal actions related to his debt in the country.
Creditors have been chasing debt out of debt to Lesotho and some are even sleeping in the company lobbying.Many ex-employees of Faludi said that this summer Shanghai Higher People's Court seized $ 180 million in assets by Mr. Jia Yunting, The tech giant currently lives in California.
Earlier this month, Jiayuenting was included in the blacklist of 'Lao Lai', and this week Chinese regulators ordered him to return to China. Today, the First Intermediate People's Court of Beijing announced that it had demanded about 200,000 U.S. dollars in bank deposits from Jia Youting and ordered the seizure LeTV listed as a subsidiary of LeTV Information Technology (Beijing) Co., Ltd. 1 billion shares, and seized the name of two Beijing Jia Yueting real estate.
This month, at a plenary meeting with Future LeFes, he told employees he would take over as chief executive and announced a new $ 1 billion investment in Faraday's future, according to several former employees who revealed that the company It is using the cash it gets to start repaying its suppliers' debts. Farrell faces the risk of not being able to pay its employees until new investments come in. In recent months, the company's chief designer, chief financial officer, and chief Three of the chief technology officers and five founding executives have resigned.