For the resumption of music Watch, at least two things need to be prepared to respond: First, major shareholders to liquidate, and second, investors compensation.
From April 17, 2017 began to suspend the music Watch, suspended for 9 months, finally came the news of the resumption of trading.By the Beijing News reporter confirmed that the music network will indeed resume trading in the near future, the specific day can not be completely OK. At present, the board of directors is actively preparing for the resumption of trading. Regulators are constantly promoting the resumption of the transaction.
Music Watch resumption of the U-share market is undoubtedly one of the major issues that the A-share market in accordance with the provisions of the suspension system, LeTV as soon as possible to resume trading, and now lags behind the resumption of trading, unspeakable implicit.
An unavoidable fact is that Music Watch valuation to a substantial discount from the music as the suspension so far, Shigekura hold LeTV fund company has repeatedly lowered its valuation, the latest valuation as low as 3.91 yuan to increase by After the music network suspended at 15.33 yuan calculation, LeTV valuation fell nearly 75%, equivalent to about 13 after the resumption of trading limit. LeTV is not really down 13 limit? Not necessarily, but the music valuation fell sharply It is unavoidable.
For this reason, regulators are actively preparing for the resumption of the music video network.Currently, the music market capitalization in the GEM ranked No. 5, the gem in the GEM more weight.So once the music video resumption of trading after the collapse, is bound to Will affect the GEM index and related indexes plunge, bringing fear and anxiety to the market in order to prevent this risk, regulators have taken measures as early as December 18, 2017, the Shenzhen Stock Exchange and Shenzhen Securities Information Co., Ltd. decided , From the first trading day in January 2018, the Company will make regular adjustments to the sample stocks of the indices such as Shenzhen Component Index, Shenzhen 100, SME Bank Index, Growth Enterprise Market Index and Small and Medium-sized Innovation Indexes etc. Among them, List, was called Shenzheng Chengzhi, Shenzhen 100, ChiNext. From the Shenzhen Stock Exchange, indeed for the resumption of music Watch well paved the way.
But Music Watch is not ready for the resumption of the really hard to say.
Although LeTV will change its name to 'LeTV', LeTV's subsidiary, LeTV, plans to acquire 'LeTV Mall' and related assets such as intellectual property at a price of 92.9 million yuan, and on January 9, LeTV Network announcement said the accounting firm to be replaced, etc. However, these preparations for the resumption of music Watch is clearly not enough, it is difficult to offset the resumption of trading Leslie stock price risk.
For the resumption of music Watch, there are at least two things that need to be dealt with.
First, as the largest shareholder of Music Watch is still Jiayue Ting, holding 25.67% of the total share capital of the company, of which 1.02 billion shares in pledge, accounting for 99.54% of the shares held by Jiayue Ting Face music may resumption of trading may The stock price plummeted, Jiayue Ting pledged equity will not be open is a problem .If it is closed, who will become the music as the controlling shareholder? At present, the second largest shareholder Sunac China Holdings subsidiary Tianjin Jia Rui only hold LeTV 8.56% stake, Tianjin Jia Rui can successfully become the controlling shareholder of LeTV? Le Watch as a response to it?
Second, the investor's compensation for damages, the music as ready network yet? Letv resumption of trading, there are voices, said 180,000 investors will be staging a runaway, but in fact, it is difficult for shareholders to rushed out of stock, currently holds the music video stock Investors, the loss will be expected.
Although investors need to be responsible for their own profits and losses, but this is based on the normal investment of investors under the case specifically to music as hard to make a normal investment in the suspension of 9 months, the music Watch fundamentals took place Significant changes April 17, 2017 At the time of the suspension, the market was full of expectation for the "major restructuring" of LeTV but after 9 months due to the crisis of LeTV, the market was already desperate for LeTV.
So, who will pay for the loss of these investors? As LeTV and Jiayue Ting, I am afraid it is difficult to get out of the relationship. Le Watch is ready? In this issue, including regulators should be presided over by investors It is fair to say that the protection of investors should not always be a slogan.