Following the LeTV Mall to offset the debt sold to Music Watch, the music founder Jia Yuanting sale of assets debt is still continuing.
On the evening of January 4, Coolpad Group 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 at a total consideration of about 808 million Hong Kong dollars (about 670 million U.S. dollars) Huaxia Times "reporter understands Leview Mobile HK Limited was established in February 2015, the Chinese name for the music mobile Hong Kong Limited, Jiayue Ting as the actual controller.
The transaction was followed by the British Virgin Islands registered Vrijnd Ventures Ltd. Announcement, after the sale, Vichy Ventures held 17.83% of the largest shareholder to become Cool.Loc Mobile still holds 10.95% of the shares, bit Column second largest shareholder, Guo Deying family currently holds 9.2% of Cool shares, ranked third largest shareholder.
Weiri venture capital to get these shares give a premium of 25% of the price.Cool is currently in suspension, the price before the suspension was 0.72 Hong Kong dollar.AndGaoyuTing shot these cool shares, the loss is heavy .With the Japanese venture to accept the cool shares The rough price calculation, the current valuation of Cool is about 4.5 billion Hong Kong dollars (about 3.76 billion yuan).
As a reference, when he first joined Coolpad in June 2015, he became the second largest shareholder of Coolpad with a holding of 17.9% of the total share capital of RMB2.18bn, and his current valuation was Rmb12.2bn in 2016. 7 In August, Jia Yueting once again took 11% of cool shares from the Guo Deying family at a price of HK $ 1.90 per share for a total consideration of HK $ 1,047 million (about RMB900 million).
Jia Yunting two shares into the total total of about 30 billion yuan into the cool .. Jiayue Ting shares Cool is intended to expand the music as the mobile phone business.On August 5, 2016, Jia Yunting formally admitted to the Coupe, as chairman of the board, then the former president of Huawei glory Liu Jiang Feng As cool CEO.
Familiar with the cool insiders on the "China Times" reporter analysis, Lecco Cool was holding it is like to be listed as the Le mobile phone business platform .If Music as the financial crisis broke out one year later, the mobile phone business sure to be loaded into it.
However, in addition to the fact that Coolpad has not yet returned to China Cool Union, its financial crisis broke out in October 2016. Due to the failure to release its 2016 results on schedule, Coolpad stopped trading on March 31, 2017 The price of Coolpad before trading at HK $ 0.72 dropped 45% from the closing price of HK $ 1.31 on 31st of October last year.
Previously released by Coolpad data for the fiscal year 2016 shows not only that its revenue was slant on a year-on-year basis, but also suffered its first loss since 2011, reaching a total of HK $ 4.229 billion.
Cool former CEO Liu Jiangfeng had previously lamented, 'With the power of the prehistoric, but only one purpose of trying to survive.' On August 31, 2017, Cool CEO Liu Jiangfeng announced the departure Coolpad November 2017, Jia Yunting resigned Cool Chairman of the Board Position, Cool CEO is currently chaired by the cool veteran Jiang Chao.
Music is no longer holding the cool, 2018 will be better?