Yesterday morning, LeTV.com held its second extraordinary shareholders meeting this year. Among the motions that were voted on yesterday were Tianjin Jia Ruihui Xin, controlled by LeTV and Sun Hongbin, Linzhi Lichuang under Tencent, and Jingdong Bonnet under JD. Suning Sports Culture, TCL New Technologies and other companies and institutions voted on the new capital of Lemax. The 11 companies and institutions planned to invest 2.74 billion yuan in new loans.
Yesterday morning, LeTV.com held its second extraordinary shareholders meeting this year. Unlike the previous election of a shareholder meeting in a hotel in the outer suburbs, the LeTV.com shareholders’ meeting was chosen on the edge of the East Fourth Ring Road in Chaoyang District, Beijing. Leshi Building was held. Yesterday's general meeting of shareholders held a total of 11 resolutions, including separate counting for small and medium investors.
Leverage Newly Estimated 9 Billion Yuan, Received 2.74 Billion Yuan in Capital Increase
Although it includes Liu Shuqing, chairman of LeTV, CFO Zhang Hao, board secretary Zhao Kai, supervisor Tian Bingxin, and independent director Wang Leirang, a series of board members participated in the event. Although 11 proposals need to be voted, they all revolve around different organizations. The holding subsidiary Lelux committed the contents of the new capital, so the shareholders’ meeting lasted only 45 minutes. It is understood that there were 11 shareholders who had voted yesterday, 9 of whom were small and medium-sized shareholders, representing 137,500 shares representing 9 people. According to an announcement made by LeTV.com last night, according to an announcement released by LeTV.com last night, 362 people voted on the Internet yesterday. The number of shareholders who voted yesterday was 373, representing 1497511768 shares, which accounted for nearly 38% of the total shares of LeTV.com. .
Among the motions that were voted on yesterday, included companies such as LeTV, Sun Hongbin, Tianjin Jia Rui Huixin, Tencent's Linzhi Lichuang, Jingdong's Jingdong Bangon, Suning Sports Culture, and TCL New Technologies. The voting for the capital increase. These 11 companies and agencies planned to invest 2.74 billion yuan in new loans. The Beijing Youth Daily reporter noted that from the total voting situation, the proportion of the investment in these companies and institutions was more than 99%. From the perspective of the total voting of small and medium-sized shareholders, the agreement rate was basically less than 90%. Among them, small and medium shareholders had the lowest rate of approval for Sun Hongbin’s Tianjin Jia Ruihui Xin’s proposal for a new capital of RMB 300 million, which was only 73%. The most important concerns include Tencent, Jingdong, Suning, TCL, and other related companies that have added new assets to Lefort. According to the bill, these giant companies have all added RMB 300 million to LeFu.
Le Rongzhi New Shares held before LeTV's capital increase are pledged
According to the annual report of LeTV.com, in 2017, Lefusion’s new revenue was RMB 4.1 billion, and its net profit loss was RMB 5.7 billion. It is reported that the valuation of the new capital increase was RMB 9 billion. After the completion of the capital increase, LeTV Le Rongzhi's new shareholding ratio dropped from the previous 40.31% to 33.46%, but it is still the largest shareholder.
'This capital increase is also a result of the company's Dong Jiangao after a series of efforts.' Liu Shuqing said at the shareholders' meeting yesterday that the capital increase can ease the tight financial situation and help restore LeTV's brand reputation and activate the company's The core business is in line with the company's sustainable development direction and interests. However, she also stated that 'there are great benefits to the brand and core business, but the specific recovery step should be based on further development.' She admits, LeTV There are still a lot of historical debts, 'have been collecting historical related transactions of the company. Everyone should see progress through the general meeting of shareholders once.' LeTV's board secretary, Zhao Kai, said yesterday that if LeTV is to withdraw from the market, it is not the company that can unilaterally Things to judge.
It is worth mentioning that although LeTV's executives indicated that Leflux’s new situation will improve, LeTV has repeatedly mentioned in previous announcements that LeTV has the risk of losing Lemax to a new controlling share. It is understood that The 18.38% equity interest in Lefluxon, which is held by Leshi Holdings, is frozen, and part or all of it will enter the judicial auction process. The 34.94% shares of Le Rongzhixin held by LeTV before this capital increase have also been pledged. If this part Shares were disposed of by financial institutions and LeTV.com also risked losing its music to new controlling shares.
Jia Yueting responds to Gan Wei's competition with LeTV
LeTV released the announcement the day before yesterday, responding to the SZSE's inquiries, which involved Jia Yueting's wife, Gan Wei's competition with LeTV and LeTV. In the announcement, LeTV disclosed the Jia Yueting party received on May 18th. Replying to this letter, Jia Yueting acknowledged that he had previously pledged to urge Gan Wei to propose a reasonable solution as soon as possible in order to protect the interests of shareholders of the listed company, and to cooperate with the listed company to resolve the competition in the industry as soon as possible. It is reported that Jia Yueting has previously proposed a plan For the following: The listed company intends to acquire a 47.8261% stake in Leyi Film and TV, which is held by Ms. Gan Wei. Currently, due to the liquidity crisis caused by the unlisted system of LeTV, Gan Wei is a joint guarantor of some debts. Most of the business of Leyi Film and TV has been unable to proceed smoothly or even close to a stagnant state, so it does not have the operability to continue to promote the acquisition of Ganwei equity by listed companies.
In addition, LeTV.com also disclosed in the announcement that due to the historical signing of some non-listed employee labor contracts with listed company LeTV.com, LeTV.com and non-listed systems continued to pay wages. In response, LeTV.com has repeatedly urged non-listed employees. Relevant personnel of listed companies do the transfer, but there are still a small number of surplus employees who have not completed the transfer, resulting in expenses such as salary and resignation compensation. At present, LeTV is still stepping up its efforts to resolve the issue of transfer of non-listed and listed employees, ensuring that The independence of the listing system personnel. At the same time, LeTV.com will also reserve the right to recover the company’s salary from the non-listed system.