On the evening of February 6, Qingyu Media (832698) announced that it has received 155 million yuan of agreement in terms of music and television agreement, accounting for 87.29% of the agreement amount, and the agreement still continues as agreed. fulfill.
"Hunting" producer received 155 million repayment
On the night of February 6, 2018, Qingyu Media (832698, OC) issued a public announcement that it has received the license of Tibet LeTV Network Information Technology Co., Ltd. (hereinafter referred to as Tibet LeTV and LeTV Network) Tianjin) Information Technology Co., Ltd. and LeTV Network Information Technology (Beijing) Co., Ltd., with an agreement amount of 155 million yuan, accounting for 87.29% of the total amount of the agreement. The agreement is still being carried out in accordance with the agreement.
In June 2017, Qingyu Media and LeTV Network signed a package agreement on television drama "Hunting Grounds", advertisements and old plays, with a total agreement amount of approximately RMB177 million. According to the announcement, with the broadcast of "Hunting Ground", LeTV And Qingyu Media signed on the "TV series <猎场>Information Network Propagation Rights exclusive exclusive license agreement "has been completed, Qingyu Media has received all the money on this agreement.
Music Watch 2017 Three Quarterly Bulletin revealed that as of September 30, 2017, the company monetary funds ending balance of 834 million yuan, after which music Watch repayment schedule? How much debt still not?
According to "Daily Economic News" reporter incomplete statistics, in addition to just received 1.55 billion music Watch owed Green Rain Media, the film and television listed companies Tsz Man Media (002343, SZ), China Strategy Television (300,133, SZ ) Have received music video repayment.
On January 22, 2018, Tsz Wen Media responded to investors' questions on the interaction of the Shenzhen Stock Exchange and said that LeTV did not owe any sales proceeds to the Company's video products. According to the 2017 Semi-annual Report of Tsz Wen Media, Tibet LeTV The amount of money owed by the media was 85.87 million yuan, accounting for 7.49% of the total closing balance of accounts receivable of Ci Wen Media.
On November 17, 2017, when Huace Media responded to investors' questions on the interaction of Shenzhen Stock Exchange, after signing the self-repayment agreement with LeTV, LeTV is making the repayment according to the agreement and the company has received the corresponding payment .According to the semi-annual report of China Strategy Film and Television Co., Ltd., the receivables balance of Tibet LeTV is about 368 million yuan. However, after consultation and negotiation, Huacet Film and LeTV formed a preliminary settlement intention: For the non-broadcast repertoire, The third party to issue and lift the original contract at the same time, the price is expected to be issued to third parties will exceed the original issue price; for the joint investment projects, intended to be the company proceeds to LeTV project revenue share into the company receivables of Tibet LeTV If the above initial plan is fully implemented, Huace Film and Television 's receivables balance of Tibet LeTV is estimated to be no more than 172 million yuan, deducting the share of other investors and the amount attributable to the company is estimated to be no more than 80 million yuan.
In view of this, LeTV has to the creditor 'Qingyu media and Ci Wen media total still on the 240 million yuan.For Huace Television's more than 7 million yuan owed, Huace film and television in November 9, 2017 investor interaction Exchange revealed that the agreement will be repayable on a monthly basis.
Music Watch 'creditors' many, in addition to the above listed companies, there are some new three board companies, the money can pay it in full?
According to the statistics of the "Daily Economic News" reporter, as of the end of June 2017, LeTV Corporation is mainly engaged in the film and television business of Harmony Power (836201, OC), Summit Video (832927, OC), 嘉 行 媒体 (830951, OC ) The three new three board companies owed a total of up to 125000000 yuan.Among them, and power Chen light, peak video industry made a corresponding bad debt accrual.
Who watch the music at the bargain hunters
As of the close of February 7, since the resumption of trading, LeTV has seen a continuous 11-word limit, but on February 7, the company's stock volume increased dramatically.
After-hours data show that the East Securities Hangzhou Longjing Road Sales Department Buy 14,401,100 yuan, the net letter Securities Shenyang Hing Wah South Street Sales Department bought 802.35 million yuan, accounting for the top five buy the first two seats.Sales, Everbright Securities Beijing Dongzhong Street Sales Department sold 62.4171 million yuan, ranking top positions in home sales; Guotai Junan Shenzhen Yi Tian Road Sales Department sold 58,254,100 yuan; a body sold 21,684,100 yuan for seats.
It is noteworthy that, LeTV February 6 evening, "restricted shares listed on the circular notice," said on February 8, 213 million shares to lift restrictions on sale, accounting for 5.35% of total share capital of the company. The sale of shares lifted in August 2016 to participate in the music net increase of four investors, of which 42.65 million shares held by China Post Fund, Harvest Fund was 42.65 million shares, 78.2 million shares of Finance Fund, Zhang Jianping 49.76 million shares share.
Public raised funds on the music video stock valuation is about 3.91 yuan, the current situation, there are two from the valuation of daily limit.
Another Shanghai-based private equity firm said that on February 7, the music player's rocker was the result of the strength of all parties. Although a similar plot took place in ST Bao Qianli, he considered the difference was that LeTV had assets and existed Restructuring is expected, and the outside world has always believed that Sun Hongbin sooner or later shot holdings, full control of the music Watch these are retail investors, hot money and even individual agencies involved in rocker, gambling, watching the stock price chips.
For LeTV, which is in a very tight financial position, the estimated loss in 2017 is more than 10 billion yuan, while in the recent risk warning announcement, LeTV also said that the company has already formed a large amount of money owed to upstream suppliers Unable to pay, massive debt defaults and litigation.
Just before the press release, LeTV Network came the news: it is planned to hold the first extraordinary general meeting in 2018 on February 23, which includes deliberating the Proposal on the Change of Registered Capital of the Company, the Proposal on the Company's Controlling Subsidiary Proposal on Engaging Ms. Yang Qing as Supervisor of the Third Board of Supervisors, Proposal on Changing Certified Public Accountants, Proposal on Nomination of Mr. Wang Leirang as Independent Director Candidate for the Third Board of Directors of the Company, Motion "and so on.
In addition, the music video February 7 evening announcement that the company's first employee stock ownership plan manager CSMC announced the early termination of China Resources Trust, Runze 143, a pool of trust plans.