LeTV Announces that Sun Hongbin will no longer hold any position in LeTV. Shenzhen Stock Exchange said that LeTV
On March 14th, two news pushed LeTV.com to the public opinion center. LeTV announced in the evening that Sun Hongbin resigned as chairman of LeTV and no longer held any position in LeTV. The same day, the Shenzhen Stock Exchange released the news that LeTV’s recent stock price fluctuations. Big, stop from the afternoon.
Sun Hongbin once said that 'Sometimes want to lose the game'
LeTV announced yesterday evening that the board of directors had recently received the resignation report of Chairman Sun Hongbin. Sun Hongbin applied for a resignation of the chairman of LeTV as a result of work arrangement adjustments, withdrew from the board of directors and ceased to hold any position in LeTV. The board fully respected Mr. Sun Hongbin’s personal wishes and accepted his resignation application. Sun Hongbin was originally appointed until October 13 this year.
According to the announcement, the resignation of Mr. Sun Hongbin did not result in the number of members of the company's board of directors being lower than the statutory minimum, which would not affect the operation of the board of directors. The company’s board of directors will complete the relevant follow-up work of the company’s chairman of the board of directors, directors’ by-elections, etc. as soon as possible. The directors of the company elected that from now on until the election of the new chairman, Ms. Liu Shuqing, the company’s director and general manager, will act as chairman of the company.
According to media reports, in December 2017, Liu Shuqing took over as general manager of LeTV. At that time, analysts believed that Liu Shuqing's promotion to the head of a listed company was obviously placed high hopes. Prior to that, Liu Shuqing was a senior vice president of LeTV. He was in charge of LeTV’s listing system. Other mediators such as Vital Lifebloods have quoted insiders as saying that she is Sun Hongbin's 'Delicious Girlfriend'. As early as 2004, Sun Chong Qing served as the company's financial manager, and later rose to Rong. Create China Wind Control Center senior general manager.
On February 23, 2018, LeTV.com held its first shareholder meeting after the resumption of trading. The news of Sun Hongbin's 'unexpected' absence had caused many concerns. At the time, LeTV.com explained that 'Sun Hongbin failed to arrive because of an interim arrangement. meeting venue' .
On January 13, 2017, Sun Hongbin used the image of the “white warrior” and spent more than RMB16 billion to enter LeTV. He received great attention. However, it was followed by a full-blown LeTV crisis. After Leaving Jia Yueting, he became the new director of LeTV. Long, and tried to cut with Jia. In January of this year, when responding to investors’ questions, Sun Hongbin stated that he was aware of LeTV’s connected transactions. However, the misjudgment is that the debt owed by a related party to a listed company cannot be effectively repaid. We must dare to teach the Sun and the Moon to change the new days. Sometimes we have to be willing to lose.
LeTV.com's stock price rose 58.41% a month
According to the Shenzhen Stock Exchange's March 14 news, LeTV's recent stock trading volatility is relatively large. It will be suspended from the opening of the trading market in the afternoon and will be resumed after the company has disclosed the relevant verification announcement through the designated media. Investors are required to pay close attention. In the morning, LeTV grew by 5% in the morning and then quickly climbed. The intraday high reached 9.9%, approaching the daily limit.
In response, LeTV.com issued a suspension verification notice that, as of the morning of March 14, 2018, the closing price of the company's shares was 6.59 yuan per share, which was a 58.41% increase from the lowest closing price of 4.16 yuan per share on February 13, 2018.
Since the company's stock has resumed trading on January 24, 2018, the cumulative turnover rate has reached more than 200%, and has been cumulatively changed over the past five trading days (March 8, 9, 12, 12, 13). In view of the above situation, in order to protect the interests of investors, the company's shares were suspended from trading at 13:00 on March 14, 2018 according to the relevant provisions of the "Stock Exchange Listing Rules of the Shenzhen Stock Exchange". .
Analysts believe that LeTV's share price performance is related to the news' short-term stimulus. Jiayue Ting showed photos of the FF91 alpine test on Weibo on March 12th. Meanwhile, Jia Yueting’s stock pledged repurchase transaction has reached the agreed agreement to close the position. Line, but the market has now spread the news that some people may have been prepared to take over, still to be verified.
Previously, it was noticed that the number of shareholders of LeTV after resumption was significantly higher than before the resumption of trading. For this phenomenon, some analysts believe that due to the institutional level being guided by the window of the supervisory level, it is not possible to open positions randomly, resulting in the number of natural person shareholders in LeTV. After the resumption of trading, it rose rapidly. This also means that hot money and retail investors have become the main force to take over. In the case of LeTV's debt situation and restructuring is unknown, it means that the market risk has not flooded, but has gathered.