There are rumors of different versions of the candidate companies that may have access to LeTV. One is a Lenovo-based company. One is an internet giant. However, none has been confirmed.
Photography: Shi Xiaobing
At 9:30 in the morning, the Hong Kong stocks opened. The Hang Seng Index tumbled around 300. Sunac China rose in a contrarian direction, opened 1.16% higher and opened at 30.55 yuan.
The outside world is now focusing on Sun Hongbin, chairman of the company. Last night, LeTV announced that Sun Hongbin will resign as chairman and no longer hold any position in LeTV. Afterwards, the director and general manager Liu Shuqing will perform the duties. At this moment, Sun Hongbin took the position of Chairman of LeTV for 8 months.
Yesterday at 1pm, LeTV.com suspended the company for an emergency. The reason was that 'to protect the interests of the investors, the company will conduct the necessary verification of the company's stock transactions in the near future' and said that after the verification is completed, the company will resume trading. Afterwards, about LeTV. The speculation of the future of the Internet has spread, delisting, bankruptcy, and the sound of restructuring has been heard.
'At present, LeTV does not yet have the conditions for delisting. 'A lawyer who has participated in the A-share listing IPO told China Entrepreneur. He believes that LeTV will not be withdrawn immediately, but it is possible Debt restructuring or bankruptcy restructuring.
According to the "Company Law", if a listed company is under one of the following circumstances, the securities management department under the State Council decides to suspend its listing: 1. Changes in the company's total share capital, equity distribution, etc. no longer meet the conditions for listing; 2. The company does not comply with regulations Disclosure of its financial status, or false accounting of financial and accounting reports; Third, the company has major illegal acts; Fourth, the company last three consecutive years of losses. LeTV's current status, which meets the above conditions for delisting, is not yet known.
However, some investors have indicated that the key to LeTV's delisting depends on the willingness of the regulator. Prior to this, the new Caixin report also mentioned that Sun Hongbin had repeatedly communicated with the regulators, including the reorganization, and could not proceed. The delisting may be the final outcome. .
Just last night, a person close to LeTV’s core executives had interacted with the “Chinese Entrepreneur” reporter and said 'See you tomorrow', but did not say where LeTV would behave.
A senior LeTV insider told the “Chinese Entrepreneur” that the company would have an action at the capital level, saying that the reason for the suspension was that 'there's too much speculation in the near future to allow small and medium-sized investors to continue being cut, and the company has no choice.' He thinks, ' It is irrational that there is no real business change that causes the stock price to rise. The stock price needs to return to rationality. ' For Sun Hongbin’s resignation, the relevant person stated that 'it is unclear, but it can be understood that (Sun Hongbin) does not need to carry the pot, and the old grandson does not harm people. '
In addition, there are rumors of different versions of the candidate companies that may have access to LeTV. One is an associative company, and one is an Internet giant. However, none has been confirmed.
Since the LeTV.com Extraordinary General Meeting was held on February 23rd, LeTV.com's share price has been climbing. On March 13th and 14th, two trading days, LeTV.com's closing price rose by 10.00% and 6.98%, respectively. As of 3 On the morning of the 14th, the closing price of LeTV.com was 6.59 yuan per share, a 58.41% increase from the lowest closing price of 4.16 yuan per share on February 13.
Caixin reported earlier: 'Only within 13 trading days after the resumption of trading, the number of shareholders of LeTV.com has increased by 81.6% compared with that before the resumption of trading. Before the resumption of trading on January 24th, the number of natural person shareholders of LeTV.com was 18.5 million, but as of February 9 The number of natural person shareholders of the company has risen to 336,000, which means that after 13 trading days, the company’s natural person shareholders have increased by 151,000. 'From this perspective, the number of retail investors has increased substantially, and LeTV’s risk has not been eliminated. There is a potential for retail investors to take risks.
When this happened, Leighton founder Jia Yueting was still far away from the United States. On March 12, he sent out a 'Lianggongge' circle of friends for the 'FF91 Winter Chill Test'.
A high-level LeTV holding company sent a message to a reporter from China Entrepreneur:
'Sun Hongbin resigned from the chairman of LeTV. There are all kinds of rumors. But I think that LeTV cannot be delisted. Some people are rumors that the manufacturing market is panicking. Sun Hongbin's resignation from LeTV.net is a normal behavior. After all, Sun Hongbin also serves as Rongrong. Chuang, the chairman of two listed companies of Letv.com, Sunac is listed in Hong Kong. It is not appropriate to have two concurrent chairmen and has limited energy. Jia Yueting, as the current majority shareholder of LeTV, will certainly cooperate with Sun Hongbin and LeTV.net. Let's do a good job. '
Actually, Sun Hongbin may have started to recede. Actually, at the LeTV.com investor briefing session on January 23 this year, the result of the failure of the long-established LeTV filming acquisition plan was announced. Sun Hongbin also rarely reveals the disappointment. 'People sometimes have to dare to call the sun and the moon for a new day, and sometimes they want to lose.'
At the Extraordinary Shareholders Meeting one month later, Sun Hongbin did not even appear to be absent. Lexus Dong Secretary Zhao Kai also specifically explained that 'the itinerary was not arrived at the scene. It was not a disappointment to LeTV.'
As things have come to an end, the direction of LeTV is still confusing. The hidden parties are competing for strength and should soon reveal water.