On Friday, the company’s shareholding in Lecong will be publicly auctioned through the Internet. It is understood that if Sunac’s takeover of the acquisition of 21.81% of the shares of LeTV Holdings, then 42.81% of the shares can almost achieve absolute control as the 'boss'. So, will this be the next time?
According to the auction announcement posted by the court's litigation assets network, this week, LeEco Holdings holds Lerong Zhixin, and LeTV's equity will be publicly auctioned through the network. This auction means that LeTV Holdings may lose in addition to it. All the shares owned by Lerong and the rights to LeTV will be lost.
The announcement shows that the shares auctioned on September 21 are divided into three targets, including 18.38% of Lerongzhixin held by Leshi Holdings and 21.8122% of LeTV Pictures. Specifically, the first auction target is LeTV Holdings. The amount of capital invested by Le Rongzhi was 31.245 million. The executor of this auction was the Minsheng Trust controlled by Lu Zhiqiang; the second was the amount of capital contribution of Le Rongzhi, which was held by Leshi Holdings, and the investment of this auction was executed. The third auction target is the 21.8122% equity of LeTV, which is held by LeTV Holdings. The application is executed by Sunac. This auction means that LeTV Holdings may lose all of its new equity interests in Lerong. And its rights to LeTV will probably be lost.
It is understood that if Sunac took over the 21.81% stake in the auction of LeTV Holdings, then the company will be able to achieve absolute control as the 'big boss' with 42.81% of the equity.
So, will Sunchuang take over this time? The key lies in Sunac’s 'Headman' Sun Sunbin’s evaluation of LeTV today. On the one hand, Sun Hongbin has already given up on LeTV’s attitude, and he has already invested money. He is afraid that he will not be willing to invest another penny. But on the other hand, if Sunac takes over, it is obviously possible to dilute the cost line of the previous high-priced acquisition. Once LeTV can be brought back to life, I am afraid it will reduce some losses. It is worth noting that the application executor of the third auction target 'LesTV's 21.8122% equity' is Sun Hongbin's executive.
In February last year, Sun Hongbin mobilized LeTV with 15 billion yuan to acquire 8.61% of LeTV from Jia Yueting, and became the company's second largest shareholder; and obtained a total of 7.95 billion yuan through equity transfer and capital increase. The new 33.5% stake became the company's second largest shareholder; from the LeTV Holdings, it received a 15% stake in LeTV Film from LeTV Holdings and became the company's second largest shareholder. At present, Sunac is in LeTV. New, LeTV is the second largest shareholder. In this equity transfer, Sunac will not continue to take over, or, on the day of the auction, there will be unexpected mysterious buyers, it is difficult to predict.
Finally, it is worth noting that recently, LeTV's share price has once again approached the limit. On the morning of September 17, LeTV began to open at a daily limit, and soon began to fluctuate and rebound, even once turned red. But soon its share price oscillated downwards. At the close, LeTV.com fell 9.64%, only one penny away from the lowest price of the day.