On March 28th, LeTV resumed the trading session, opening 0.39% higher at 5.10 yuan, and turnover was 153 million yuan before the trading session. As of the close, LeTV rose 0.79% to 5.12 yuan.
After being watched by Sun Hongbin 'Landing', LeTV does not fall or rise.
Earlier, LeTV announced that due to media coverage of Sun Hongbin’s related articles, it expressed the need to resolve LeTV’s need for more than 10 billion yuan in funds, to sell off core assets, to repay debts, and to have 5 plans in the future. This may cause the company’s stock price to fluctuate abnormally. Investors interests, to prevent abnormal fluctuations in the company's share price, LeTV has temporarily suspended trading since the opening of the market on March 26th.
On November 27, LeTV.com responded that the board of directors and management are struggling to resolve the company's current operating difficulties, improve business operations to restore the company's cash flow and supply and sales system, actively negotiate loan extensions with relevant financial institutions, and strive to resolve the company's operational difficulties; Third-party capital increase to address the current financial pressure on the subsidiary; coordination of related parties to repay the listed company’s arrears in the form of cash or assets. At present, there are major difficulties in the overall capital arrangement, the cash flow is extremely tight, and the management is actively seeking everything Possibility program, but no definitive program has been formed yet.
Sun Lebin was 'seeing' LeTV, after the resumption of trading does not fall or rise. Yesterday, LeTV opened up 0.39%, reported 5.10 yuan, turnover of 153 million yuan before the plate. As of the close, LeTV rose 0.79%, reported 5.12 yuan.
Mingjia United received 2,980,700 repayments from LeTV company
A few days ago, Sun Hongbin admitted that the news of the failure to invest in LeTV caused concern and was asked, 'Let's sell core assets enough to pay off debt' when it said 'far from enough'.
What is the liability situation of LeTV? In the announcement on the 28th, LeTV stated that as of December 31, 2017, the company had total liabilities of 9.288 billion yuan in financing loans and loans, of which 5.619 billion yuan will be in 2018. Period. The company has further debt repayment pressure.
'The company's current overall financial arrangements have great difficulties, the cash flow is extremely tight, the company's management is actively seeking all possible options, but has not yet formed a certain program.' LeTV in the announcement concluded.
However, there is a new news: Yesterday evening, Mingjia joint announcement stated that it had received RMB 2,980,700 in repayment from LeTVi company. Previously, Jinyuan Interactive, a wholly-owned subsidiary, and Jinyuan Advertising, a subsidiary of the Sun company, had been referred to the relevant people's court due to disputes over advertising contracts. A lawsuit was demanded by a number of 'LeTVi' companies to pay a total amount of 62,908,900 yuan to Jinyuan Interactive and Jinyuan Advertising as well as liquidated damages. As of now, the aforementioned lawsuits are under enforcement or awaiting trial, and repayment has been received 298.07 RMB 10,000, the company has the risk that accounts receivable cannot be fully recovered.
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What is the outlook for LeTV?
Financial commentator Pi Haizhou: According to Sun Hongbin's statement and LeTV's announcement on the 28th, LeTV.com's share price opening should fall, but it has risen. The reason may be that Jia Yueting's “build a car” has recently made a great effort. Beijing and Shanghai recruit people. Sun Hongbin points LeTV to three roads, but what if there is a fourth one? Jia Yueting makes a car if it is caused by it? LeTV will be a great advantage. Now, LeTV's prospects are bad to judge.
Household Appliance Industry Analyst Liu Buying: Sun Hongbin’s recent comments on all of LeTV. The tone is only two words: pessimistic. It is not difficult to draw a conclusion from Sun Hongbin’s expression: LeTV has more tests waiting behind. This test is What is the biggest possibility is to withdraw from the market. If a strong person such as Sun Hongbin, can be willing to be humiliated, summoned the media and disclosed LeTV's unknown insider, seemingly to clear their relationship, is actually a countermeasure against Jia Yueting.
Economist Song Qinghui: The rise of LeTV's resumption of trading may be the result of speculative hot money speculation. It does not mean that we have spent a dark time. Now people who invest in LeTV are all speculation, and LeTV is worrying about future development.
Investors Wang Hao (a pseudonym): Because the price of the buy is low, although LeTV has fallen sharply in the recent period, as of the close of the 28th, the positions are still profitable, plus the position is very light, the purpose of buying is to fight speculation. Now in the stage of temporary observation, I am not in a hurry to clear my position.