Claiming that the new music held by the company is regarded as a shareholder of the new music house, if it fails to pay on time, it will lose control of it; if the inquiry is triggered, the net asset is negative.
LeTV’s suspense drama has seen a few new waves recently. Following the Tencent video’s alliance with Xinle’s Sensei, LeTV’s announcement on the 1st issued that the new LeTV’s shareholding in Wisdom has been pledged. If it fails to pay on time, it will lose the company. Control.
About a week ago, Sun Hongbin from LeTV's 'Naked Withdrawal' told the media: 'We have voted for LeTV, LeTV, and New LeTV's three wise houses. The other two are better, mainly LeTV's investment has failed. "The financial innovation department has become the largest shareholder of LeTV at the end of last year. This time, will Sun Hongbin take the new LeTV Sensei? If it loses its most valuable asset, will LeTV have tomorrow?
New Le Wisdom House is an important asset of LeTV
LeTV.com announced on the 1st the announcement that the company’s major subsidiaries and Tencent signed the “Cooperative Agreement” supplement, which means that the company has pledged the shares of the new LeTV zhijia. If the company fails to pay the debt on time, the pledged assets will be disposed of according to law, the company will Faced with the risk of losing the actual control of the new Le Zhi zhijia. Two days ago, the news of cooperation between Xin Le Zhi Zhijia and Tencent Video has caused widespread concern.
According to the latest announcement, LeTV.com currently holds a 40.3118% equity interest in New LeTV Wisdom, which is a new Lele Wisdom House controlling shareholder and consolidates its statements. As of now, the company has pledged 34.9398% of the total registered capital of New Lezhi Wisdom to Tianjin. Jia Rui Hui Xin Enterprise Management Co., Ltd. and Sun Chuang Real Estate Group Co., Ltd., the company has pledged 5.3720% of the total registered capital of Xin Le Zhi Zhi Jia to banks, trust companies and other financial institutions.
Business information shows that Tianjin Jia Rui Huixin Enterprise Management Co., Ltd. is now the second largest shareholder of Xin Le Zhi Zhi Chi, holding 33.5% of the shares. According to LeTV's previous announcement, Jia Rui Huixin was established on January 9, 2017. Sunac China Holdings Limited's actual control.
In January last year, Sunac China invested in LeTV. The new music as Wisdom and LeTV 3 companies respectively received 8.56%, 33.5% and 15% stake. In November last year, Sunac was again offered to New Music Vision Home. The RMB 1.29 billion loan was used in exchange for 13.5416% of the latter's equity in LeTV. In addition, Sunac also provided a RMB 3 billion debt guarantee for LeTV. The guarantee pledged LeTV.com to hold a remaining 26.77% equity interest in New LeTV.
Judging from the current situation, if LeTV cannot repay debt on time, Tianjin Jiarui, which is owned by Sunac, is likely to replace LeTV as the controller of the new Le Zhizhizhijia.
An announcement by LeTV at the beginning of this year showed that as of December 31, 2017, the company had a total of 9.288 billion yuan in loans for financing loans and loans, of which 5.619 billion yuan was due in 2018. If the scale of the company's business can not be returned At a higher level, the credit line will be restored, and the company will face further debt pressure due to further cash flow.
In November last year, LeTV’s main operating company, LeTV Zhixin, was renamed as “New Lezhi Zhijia”. According to LeTV’s semi-annual report, the company’s major subsidiaries and the company’s equity impact on the company's net profit reached more than 10%. In the company's situation, the new music as the wise family's net assets and total assets are the highest.
Last year was supervised and asked whether LeTV will 'empty'
After the aforementioned share pledge occurred in November last year, the Shenzhen Stock Exchange sent a letter of concern 11 to LeTV. Specifically, it stated that 'If the relevant loan cannot be repaid, whether the pledgee’s exercise of the security right or the pledge right will lead to the listed company’s shell In the recent days, the Shenzhen Stock Exchange issued an inquiry letter to LeTV. This mainly involved Sun Hongbin’s statement that the sale of core assets was far from enough to pay the debt. It was also asked whether there was a negative net asset trigger.
A few days ago, the news of Tencent entering the game originally caused some external "music took a turn for the better" voice. Now, whether Sun Hongbin will take the new LeTV zhijia become the most concern of the outside world.
Sun Hongbin from LeTV's 'Naked Retreat' once talked to the media, 'We have voted for LeTV, LeTV, and New LeTV as the wise family. The other two are better, mainly LeTV's investment has failed.' At the same time, "New LeTV Entertainment and New Music Vision Home, we will all try to do it well, because it is not a listed company. Relatively speaking, the introduction of funds will be more flexible. LeTV is still leading in the field of smart TV.
At the end of last year, Rongchuang became the largest shareholder of LeTV. Recently, LeTV Films announced that it has changed its name to LeChuang Entertainment.