'Since 2016, the Company has formed a large amount of related receivables and prepayments by way of capital transactions such as sales of goods, provision of services and related expenses to related parties controlled by Mr. Jia Yunting. As of November 30, 2017, The related party to the listed company's outstanding debt balance reached 753,141.08 ten thousand yuan (the above financial data has not been audited, and ultimately subject to the audit value, the same below), January 19, LeTV a notice in the already scarred The music as the controlling part of the wound plus a salt.
7.531 billion VS60 billion
On January 19, there were a number of announcements on the issue of music network bursts, of which nine major risks were discussed: in 2017, Lotte Network faced such problems as the difficulty in recovering the related receivables, the non-performance of the actual controller's loan commitments and the maturity of some debts, Resulting in the company's cash flow is extremely tight, resulting in a large number of companies unable to pay the outstanding arrears of suppliers, sales channels into a dilemma, a substantial decline in business scale is expected to 2017 net profit attributable to shareholders of listed companies net loss.
For debt, LeTV notice said that as of December 31, 2017, the company has a total of 9,288,000,000 yuan of financing loans and loan-type liabilities, some of which will expire in 2018. Associated companies controlled by Mr. Jia Youting's association with listed companies Total balance of arrears 753,141.08 million.
It is noteworthy that, together with the data previously released by Rongchuang China Announcement for LeTV, the largest shareholder of LeTV, the controlling shareholder of the Company, owed 1.708 billion to the music industry, adding over 9.2 billion pairs each.
January 22, LeTV Holdings and the non-listed debt system issued a statement that: Some of the matters described in the announcement is not complete enough, 7.5 billion of debt and the Leetsu Holdings and the debt data held by the team there are still some differences , The preliminary accounting needs LeTV Holdings and other related parties to bear the amount of repayment is expected to be about 6 billion yuan.The relevant responsible person said that before the announcement, Jiayue Ting, Gan Wei and debt groups are not aware.
Not only this, LeTV also said in a statement that among the estimated 6 billion repayments it is expected to have, more than 3 billion yuan has already been implemented to speed up the implementation of solutions, including but not limited to the non-listed public companies have announced the non- Listed companies, LeTV Financial, LeTV Mall, and other high-quality assets in order to pay debt into the listed companies, as well as other solutions in progress. The remaining more than 2 billion will be completely resolved under the premise of laws and regulations, the parties are fully promoted.
Subsequently, on the afternoon of January 22, at 12:00 o'clock, his wife, Juping Ting, forwarded the relevant Weibo after the statement was made, saying "we have been working hard to solve the problem for most of the six months and have never stopped to make any solution ... and today we will not stop Make every effort.
Abacus hit where?
Just as the two sides argued for 7.531 billion or 6 billion, it seems that they have forgotten that they are all debts.
It is noteworthy that, according to "Interface News" January 20 reported that Jia Yueting Faraday's debt owed in the United States Las Vegas has been repaid. Faraday future owners of land owned plant said the Faraday after the default of 5900 Million USD Engineering contractor money has been repaid.
Faraday had previously started construction plans in the future in April 2016. According to media reports at that time, the investment was up to 1 billion U.S. dollars and the project was shut down due to arrears in November 2016. According to media sources, the factory visited on the spot There has been no sign of commencement of construction.This makes the outside world Jia Yunting car skeptical.
In early November 2017, in an interview in Los Angeles, Jiayue Ting said: 'At present, the top priority is to complete the round A financing of FF, but it will not return for the time being because the debt dispute will involve me and may have the effect of restricting exit and high spending for me Once you return to the United States and can not come back to the United States, FF financing is out of the game, it collapsed.
Previously, Jia Yueting had promised volume production of FF91 by the end of 2017. However, the commitment was not realized. In early January 2018, at the CES Consumer Electronics Show in the United States, Jia Yueting's team showed some FF91 samples to some of the media.
Where to go for help
This seems to have formed a vicious circle! From this perspective, Jia Yueting's music as 75.31 million or 6 billion, does not seem to be very important.
In an interview with China's Commercial Daily, Shen Meng, a director of Hongsong Capital, said that LeTV Holdings has been shaping up a sad image of worrying about the country and the people. However, it is a matter of justice to pay back the debts and repay the debts. Honest and trustworthy is the affiliation of listed companies Should not do its obligation, rather than release more empty words inconsistent with the actual data eyeball, not as good as down-to-earth debt, come up with audited financial information self-Qing.
Economist Song Qinghui told Xin Jing in an interview that the risk of each of the nine major risks announced by Lotte is very high, especially the risk that the non-performance of loan commitments by Jia Yueting and Jia Yuefang caused the company's cash flow to be tight It is foreseeable that now, because of huge debts, Jia Youting is unable to pay his debts, no matter how many domestic partners and regulators scolded him for staying in the United States and seeing that he is in a downturn. There is absolutely no any ability to perform loans or possibility.
It is noteworthy that the risk notice issued by the music show net notice, the company's board of directors to develop the risk response measures are mainly required by the Gu Yueting caused by the listed company responsible for the debt; broaden the financing channels , Maintain the company's cash flow and re-activate the business; actively restore the company's main business.