Recently, when Shanxi Securities replied to investors' questions on the investor relations interactive platform, it said that up till now, the company has only a small loan amounting to more than 700,000 yuan, which is based on pledges of 'LeTV' stocks; On the same day, Huatai Securities also responded to investors on the above interactive platform, saying that in the current stock pledge business of the company, LeTV has a small share, which has no material impact on the company's performance.
At this point, from the publicly available information on the public announcement of listed companies and the investor interaction platform, the listed brokerage companies that hold LeTV.com pledged shares have already been Orient Securities, Founder Securities, Western Securities, Shanxi Securities, and Huatai Securities. Among them, the East Securities, Founder Securities, and Western Securities listed securities brokers have breached their contracts due to LeTV.com's equity pledge and resorted to court or provision for impairment of assets.
Specifically, Founder Securities issued a lawsuit announcement on December 5, 2017, of which a major lawsuit case amounting to nearly 200 million yuan was related to the pledge of shares in LeTV. Orient Securities issued a provision for impairment of assets on January 28 of this year. The preparation of the announcement, which mentioned that the pledged stock LeTV.com was suspended from April 17, 2017 and resumed trading on January 24, 2018. The capital of the transaction was RMB 400 million; February 27, Western Securities According to the announcement, due to LeTV.net's equity pledge breach of contract, the company was forced to accrue 439.4 million yuan in asset impairment reserves, which exceeded 30% of the company's 2017 audited net profit. Data show that as of December 31, 2017 On the same day, Western Securities' total pledged stock 'LeTV.com' had a capital of RMB 1.0185 billion, which involved the largest amount.
In addition, there are nine brokerage firms that responded to the investor interaction platform by replying 'nothing involved' or without LeTV's pledged stocks to prove their innocence. They are Pacific Securities, GF Securities, Haitong Securities, Industrial Securities, Guoyuan Securities, Northeast Securities, respectively. Everbright Securities, Guojin Securities and the First Venture Securities. Among them, Guojin Securities stated on March 1 that the company had no stock pledge transaction in Tuileshiwang. As of now, no bad debt provision has been made.