After a lapse of five months, Jia Yueting's wife Gan Wei, a content of roughly 'sell cool camp received 800 million Hong Kong dollar are also China Merchants Bank, hoping to thaw part of the assets' microblogging, China Merchants Bank and Jiayuenting, music as the Department, once again brought to the spotlight .
Surging news learned from China Merchants Bank, LeTV sale of shares of Coolpai Group equity funds have been partially credited.
"To China Merchants Bank, this is a normal deal because of the non-performing asset collection caused by default," one source told Surging News (www.thepaper.com).
On June 26, 2017, Shanghai Chuanshan Branch of China Merchants Bank filed for freezing the assets of LeTV as a total of RMB1,237 million and was supported by the Shanghai High Court.
However, according to Jiayue Pavilion, the total assets of China Merchants Bank, the actual frozen seized assets amounted to 26.662 billion yuan. Why there are 12.37 billion and 26.162 billion over 20 times the difference? China Merchants Bank in the end to apply for the freezing of the assets of LeTV, the current value?
'Partial payment is already in place'
After a lapse of six months, there has been new progress in the financing of Hong Kong dollar loans between China Merchants Bank and LeTV as a result of the acquisition of Coupons.
According to the surging news, when the two sides signed a loan agreement at the time, LeTV took the purchased Cool Stake as one of the loan collateral, and LeTV sold the above shares earlier and returned the proceeds to China Merchants Bank.
On the afternoon of January 7, Jia Wei-ting's wife Gan Wei released a weibo on the progress of debt handling. Some of the shares for sale of Coolpad Group (02369.HK) were acquired at HK $ 807 million and directly offset by China Merchants Bank for the corresponding portion of the debt (principal and interest of the original debt of about 1.4 billion Hong Kong dollars), debt service ratio of nearly 60%.
Surging news was informed that at present some of the money has indeed been in place.According to the agreement, this payment will be gradually returned to China Merchants Bank in batches.
China Merchants Bank as the Department of frozen assets?
China Merchants Bank in the end to apply for a freeze on the assets of LeTV? Why there are 12.37 billion and 261.62 billion huge difference?
Surging news exclusive learned that China Merchants Bank in June last year, the assets of the assets to apply for the most important include: Jiayue Ting directly held 512,133,322 shares of LeTV (300104.SZ) shares (the proportion of the total share capital of 25.67% after the repurchase of 1.024 billion shares ) And equity interests in several non-listed companies, including the equity interest in Beijing Top Century New Century Business Management Co., Ltd. held by LeTV Holdings (Beijing) Co., Ltd. and the equity interest in Beijing Fortune Times Real Estate Co., Ltd. (the latter two companies jointly hold Shimao Plaza Three Commercial Assets) and LeTV Holdings (Beijing) Co., Ltd. held the equity interest in Beijing Hongcheng Xintai Property Co., Ltd. (the latter holding LeTV Building).
It is understood that both the music video under the ownership of Jiayue Ting, or the music as the non-listed system of equity, in June last year, China Merchants Bank to apply for a freeze, it has been pledged, and some equity CMB is waiting for seizure.Therefore, CMB finally passed There is uncertainty about the claims that asset preservation can pay.
According to the music video in July last year, notice, Jia Yueting directly held by LeTV shares have been completely frozen, while the direct holding of the shares are waiting to be frozen, the total number of shares of 193.92% of the company's total shares, Equivalent to 7.5 times his actual shareholding.Subsequently, there are financial institutions such as Huafu Securities Waiting for the freezing of music assets.
The controversy over the over-freezing, familiar with such legal persons, pointed out that in general, the court will not over-freeze as long as the value of assets frozen and the actual balance of claims are sufficient.
Merchants Bank has issued a statement that the preservation of the music as the relevant assets is based on the bank should be reimbursed the amount of debt, in strict accordance with the relevant legal procedures.
Gan Wei hope thaw some assets, Merchants Bank will nod it?
After repaying a loan of 800 million Hong Kong dollar, Gan Wei appealed in Weibo, hoping China Merchants Bank will thaw some of its assets to ease the debt problem. Will China Merchants Bank nod it?
'China Merchants Bank at the time of the application for seizure has Coupon shares this part of the pledge value into account. "The source said, so despite the recovery of some loans, but saw the initial application for the preservation of assets is facing a substantial decline in the value of frozen assets can Covers the remaining remaining uncertainty of the loan, for thawing, China Merchants Bank should not easily nodded.
Visible is that in the application for the freezing of music 1.2 billion assets within six months, although not the resumption of music Watch, but according to the valuation of public funds, all of the music videos held by Jiayue Ting shares from the suspension of 157 Billion yuan shrunk to may be less than 4 billion yuan.
'From the market value point of view, Jiayue Ting stake in LeTV is China Merchants Bank to apply for freezing the assets of the largest value, but 99% have been pledged and pledged unknown situation,' said the source said, 'pledged to whom, the pledge price is How many are unknown, but according to the prevailing market combined with market practice, priority claims will not be small.
Since its suspension on April 17, 2017, the price of LeTV has been collectively lowered by public fund companies three times. As of the most pessimistic fund company of LeTV, 3.9 yuan was seen. According to the closing price of LeTV's April 14 before suspension 30.68 yuan / share (after ex-dividend of 15.33 yuan / share) calculation, three times lower valuation music Watch shares have dropped about 75%.
Not only was the application for preservation of assets is facing a substantial shrinking, a person familiar with banking such business introduction, according to the current assets of the frozen state of Jiantao Ting, even if the China Merchants Bank to thaw, its disposal of assets is not much help. Moreover, To be judged by the court according to the specific circumstances, China Merchants Bank said nothing.
From the practical point of view, the music company and Jade Jinting frozen assets have been pledged for the vast majority, but also in the back of CMB still have a lot of waiting for seizure, even if some of the assets of CMB unwinding, Jiayue Ting couple still can not sell, back There are other creditors waiting in line. '
Surging news statistics found that according to the public information of China Judicial Instruments Network and Beijing Court Trial Information Network, in 2017, LeTV was at least 8 times requested by creditors to file a court application for property preservation and asked to freeze the assets of LeTV Corporation, involving an amount of 3 billion yuan. The execution ruling issued by Beijing No.1 Intermediate People's Court in December last year shows that Mr. Jia has no bank deposits available for execution, no other house registration records and no car registration records.