On the evening of January 2, LeTV released a public announcement that the new LeTV intellectuals planned to raise RMB3 billion according to the valuation of more than RMB12 billion. Currently, LeTV has already determined that LeTV invests RMB300 million at its existing debt price, Enterprise Management Co., Ltd. (hereinafter referred to as 'Tianjin Jia Rui') made a capital increase of RMB300 million in cash.
LeTV said that since the advent of Smart TV, LeTV's TV business has grown rapidly and has a huge user base. However, with the overall crisis of LeTV at the end of 2016, the Company and the new LeTV intellectuals can not recover huge amounts of related-party transactions. The company's brand name With serious damage to credit, leading to extreme cash flow company, the new music as the smart home urgently needed to inject funds to achieve business re-activation.
To this end, the initial communication between the company and investors from all parties, agreed that the new music as a smart home to be valued at 12 billion yuan more than 3 billion yuan of financing: which new investors and the original investors intends to increase capital 1.5 billion yuan; The new music as the existing intellectual property intellectuals intends to hold the debt at a price of 1.5 billion investment, summed up this financing a total of 3 billion yuan.
Specifically, the capital increase plan has determined that Lotte will invest 300 million yuan at the existing debt price; Tianjin Jia Rui will increase its capital by 300 million yuan; Shenzhen Jinruixian Digital Technology Co., Ltd. (hereinafter referred to as 'Jinrui Xianxian' With a debt of 146,228,600 yuan and 3.7714 million yuan of cash invested a total of 150 million yuan.
The investors involved in this capital increase, mainly to the introduction of new investors, the capital increase is completed, the music as the net holds a new music as the proportion of shares dropped, LeTV to give up on the proportion of this capital increase priority However, as stipulated in the charter of NLM Vision, LeTV still has the right to nominate three of the four directors and therefore still has actual control.