Jiayue Ting has finally cut the bargain, but also the price of a huge loss.
On the evening of January 4, Coolpad Group Co., Ltd. announced that Leview Mobile HK Limited, the largest shareholder of the Company, sold 897 million shares of Coolpad at a price of 0.9 Hong Kong dollars per share and the total transaction value was about 808 million Hong Kong dollars (about 6.7 billion RMB.) The purchaser is Viggo Venture Capital Limited, a company incorporated in the British Virgin Islands.
After the sale, Wei-day venture capital to replace Jiayue Ting's Leview Mobile HK Limited, became the largest shareholder of Cool.
0.9 compared with the previous price of 0.72 Hong Kong dollar suspension before the suspension of the Group had a 25% premium, but compared with the original Jiao Youting price was a huge loss of 65% due to the failure to release 2016 results on schedule, Cool Group in 2017 3 Trading will be stopped on the 31st till the present day.
According to the Hong Kong Company Search Office, the Chinese name of Leview Mobile HK Limited is Lok Seng Mobile Hong Kong Limited, which was established on February 24, 2015. LeTV Mobile Intelligent Information Technology (Beijing) Co., Ltd., the operating entity of LeTV Mobile, Music movement.
According to the announcement, prior to the transaction, Leview Mobile HK Limited held 1.45 billion shares of Coolpad with 28.78% of the shareholding. After the transaction, Leview Mobile HK Limited reduced its shareholding of Coolpad to 10.95% while the purchaser of Viagra Venture Capital Limited There are 897 million shares, accounting for 17.83% of the total share capital.
The announcement did not disclose more information about Wacker Ventures Limited, only said the company is a company incorporated in the British Virgin Islands.
According to the price of the music as the deal, Cool valuation of about 4.5 billion Hong Kong dollars (about 3.76 billion yuan.) This is more than the time of the original evaluation of the music owners when the valuation has shrunk 65%.
The music is in 2015 and 2016, a total of 3.0 billion spent 30 million yuan from cool founder Guo Deying bought Ku Cool 28.9% stake in a simple estimate, when the music as the valuation of the cool to give 10.6 billion.
Of course, today's cool no longer 'China cool couple' glory.
According to the Unaudited Annual Report disclosed by Coolpad on May 31, 2017, Coolpad achieved revenue of HK $ 7,994 million in 2016, representing a year-on-year decrease of 45.5%. The loss attributable to owners of the Company was HK $ 4.21 billion and the total liabilities of the Company was HK $ 6.37 billion.
Taking into account the financial situation in terms of Jiayue Ting, this exit is also expected.
In the evening of November 17, 2017, Coolpad announced that Jiayue Ting resigned as the company's executive director, chairman of the board and chairman of the nomination committee because "I hope to spend more time on personal affairs." LeTV Vice Chairman Liu Hong replaced Jiayue Ting as Cool Group chairman.
With the departure of Jiayue Ting, and Liu Jiangfeng and 阿不不克克? 阿不力米提 (Ami), both of whom have retired as a non-executive director of Cool Group On August 31, 2017, Liu Jiangfeng has resigned as chief executive of Cool One While Amu was transferred from the executive director to non-executive director, but Amu has now completely resigned from LeTV and went to Lenovo.
In this personnel adjustment, the Coolpad Group Board also announced that Ma Lin, Wang Junmin and Yeung Wing Keung have been appointed as non-executive directors, all of whom are from LeTV.
Jiayuenting, who is in the United States, currently entrusts his wife and brother with assets disposal.
On January 2, Jia Youting released a response letter on "Beijing Securities Regulatory Bureau ordered Jia Youting to return home to fulfill responsibility notice" on the personal WeChat public account and personal official Weibo. Jia said that he has entrusted his wife Gan Wei and his brother Jia Yuemin to act as the sole agent of the listed company Shareholder rights and fulfillment of shareholders' responsibilities, including asset disposal.