On the evening of January 25, following the resumption of trading, LeTV Group (300104.SZ), which successively brought two "word boards" to a halt, released an announcement on abnormal fluctuations in stock transactions and announced the announcements of nine listed companies as necessary risk warning.
According to the announcement, LeTV claimed that there were no major issues that should be disclosed but not disclosed.In addition, the company also said the risk is that at present, Jiayue Ting owns 1.024 billion shares of the company, accounting for 25.67% of the total share capital, of which 1,019.5 million shares have been pledged Financial institutions.If the company stock prices fell sharply, and Jiayue Ting can not be timely additional security, the financial institutions will have the right to dispose of the pledged shares, which may result in changes in the controller of the company.
In addition, according to the contents of the announcement, for the abnormal fluctuations in the company's stock situation, LeTV network to verify the relevant matters:
1, the company does not violate the provisions of fair information disclosure;
2, the company, the controlling shareholder does not exist should be disclosed without undue major issues, there is no major issues in the planning stage;
3, the company's external operating environment has not undergone major changes in the near future;
4, the recent company did not find the public media coverage may have or have a greater impact on the company's stock price undisclosed significant information;
5. The controlling shareholder of the Company did not buy or sell shares of the Company during the period when the Company's stock trading fluctuated abnormally.
However, LeTV Networks stressed in the announcement that based on the current operation of the Company, the Board of Directors, the Board of Supervisors and management draw the attention of investors to the investment risk:
1, the actual controller of the company may change the risk
2, some related parties receivables there is a risk of recovery
3, Mr. Jia Yueting, Ms. Jia Yuefang, the failure of the loan commitment to lead the company cash flow risk of tension
4, the company's existing debt matures leading to the company's cash flow further tense risk
5, the company's business performance in 2017 fell sharply risk
6, the company part of the business performance there is a significant risk of uncertainty
7, the company's foreign investment risk
8, raising the risk of changing the use of funds
9, the risk of pledging the shares of the subsidiary and external guarantee
On the evening of the 25th, in addition to releasing the announcement on the unusual fluctuation of stock transactions, LeTV announced the risk hints that nine listed companies considered necessary. It is noteworthy that LeTV also quietly changed its logo in the announcement, Become 'Le'.
In fact, on the evening of September 27, 2017, LeTV released its announcement of renaming. The Chinese name is to be changed from LeTV Information Technology (Beijing) Co., Ltd. to New LeTV Information Technology (Beijing) Co., Ltd. At the same time, LeTV English name will also change. Before the change, LeTV English name: LE SHI INTERNET INFORMATION & TECHNOLOGY CORP., BEIJING, English name changed, as: NEW LE SHI INFORMATION & TECHNOLOGY CORP., BEIJING.
The dramatic is, January 19, LeTV released announcement that, taking into account the continuity of the company's business and the brand, it is intended to terminate the company name, short changes in securities matters.
After replacing the name of the company no fruit, this time Music Watch again low-key replacement two days after the resumption of Logo, what the heart of what kind of abacus, triggering speculation in the media.