'White Knight' Sun Songbin shot again, taking over the stakes of the two core companies, which brought a glimmer of hope to LeTV's shareholders. On September 25th, LeTV directly hit the daily limit. Closing at 3.59 yuan / share, the day The increase was 10.12%.
On the evening of September 24th, LeTV.com released the “Confirmation of Judicial Auction Completion and Risk Warning Announcement for Holding Subsidiaries”, saying that Tianjin Jiarui Huixin took the LeTV Holdings subsidiary held by Leshi Holdings with a total amount of RMB 240 million. The equity of Rongzhi's new investment of 57.42 million yuan. After the auction, LeTV will lose control of Lerong, and the first major shareholder of Lerong is Tianjin Jiarui.
According to the auction results on September 21, Tianjin Jiarui, a subsidiary of Sunac China, took the entire shareholding of LeTV and Lerong Zhixin held by Leshi Holdings for 770 million yuan and became the largest shareholder of the two companies. .
This series of actions triggered the attention of the Shenzhen Stock Exchange to Le Rong's new watch and LeTV's 'empty shell'. On the evening of September 25th, the Shenzhen Stock Exchange issued an inquiry letter to LeTV, requesting LeTV to clearly disclose the music. Whether the new table is published, and quantify the impact of the new table on the company's financial status, operating performance and cash flow. It also requires LeTV to combine the company's 'big screen eco-business model', Lerong's new business model and product pricing. The way, etc., shows the specific impact of the loss of the new control right to the company video, Leshiyun and other services.
In addition, LeTV.com has been fully pledged to the company and its related parties. The Shenzhen Stock Exchange requires LeTV to combine the pledge of the new equity with Lerong, the company's estimated solvency, etc. Whether or not the new equity held by Lerong has the risk of being disposed of, and fully reminds Le Rong of the impact of the new listing on the company and related risks.
On September 6 this year, LeTV also released a new sub-brand, Le Rong Yunlian, through Le Rong. For the Shenzhen Stock Exchange, the previous inquiries about 'Technology and personnel of Le Rong Yunlian came from Le Shiyun', LeTV Reply to the Shenzhen Stock Exchange, said that LeTV will be required to combine LeFeng's new listings, new Lerong Yunlian and other related business plans to verify the listed company's core assets, core technology and personnel loss, whether it will lead to listing The company 'empty shell'.
In response to media reports, Tianjin Jiarui obtained the equity of Lerong Zhixin and Leshi Film through auction. Sun Hongbin will fully take over LeTV. The Shenzhen Stock Exchange requested LeTV to combine the shareholding structure of LeTV Pictures before and after the auction, and verify that the auction is for the company. The impact; and clarify whether the 'Sun Hongbin will fully take over LeTV' is true, and whether the company has received investment assistance from Sun Hongbin and its related parties, asset integration and other assistance programs or plans to resolve the debt crisis.
Shen Meng, executive director of Shannon Capital, told the Securities Daily reporter that in his view, this auction first made a complete cut of Le Shi's assets and Jia Yueting, but did not rule out that Sun Hongbin would reinject these assets into the listed company. On the one hand, it will increase the shareholding ratio of Sunac in listed companies and reduce the cost of holding shares; on the other hand, improve the asset quality of listed companies and attract new strategic investors to take over. ' Shen Meng said.
On September 19th, LeTV also disclosed that some of the shares held by Jia Yueting were released from pledge, and the pledge default will be disposed of. The Shenzhen Stock Exchange requested LeTV and Jia Yueting to verify the specific circumstances of the pledge of Jia Yueting’s shares. The disposal method after the equity is released from pledge, verifying whether the disposal of the shares held by Jia Yueting will result in the change of the actual control of the company and the possible impact on the company's stock price.
On the evening of September 25th, LeTV.com issued a clarification announcement that the current proportion of shares held by Tianjin Jiarui in the listed company remained unchanged at 8.56%. The listed company did not receive plans to increase its holdings and purchase other assets by Sun Hongbin and its related parties. At present, Jia Yueting is still the largest shareholder and actual controller of the listed company, and has not changed. However, Guotai Junan's disposal of its pledged underlying securities shares may cause Jia Yueting to passively reduce the company's stock by 39.54 million shares.
In addition, LeTV said that if the company fails to repay the debts on time, the pledge of shares will be disposed of by the pledgee according to law, and the proportion of the company holding Lerong to the new equity has a downward risk. According to preliminary simulation calculations, the above-mentioned merger scope of the above-mentioned company does not include Le Rongzhixin, in the case of the calculation, the listed company and Le Rongzhixin related advertising, membership, CDN service fees and other revenues accounted for about 40% of the total revenue.