After Sun Hongbin’s actual control of Tianjin Jiarui took a new share of Lerong’s shares with 109,836,930 yuan and 131,070,310 yuan respectively, the listed company LeTV.com also issued an announcement last night, which disclosed relevant information. September 21-22 On the day, the shares of Lerong Zhixin and LeTV Pictures owned by Lexus Holdings were publicly auctioned. This auction has only one participating buyer from start to finish, and all of them are bidding at the starting price to win the auction. Surprisingly, this buyer It is Sun Hongbin’s Tianjin Jiarui, the company that funded Jia Yueting’s 15 billion yuan last year.
LeTV.com stated in the announcement that if the judicial auction work is finally completed, Tianjin Jiarui will increase the proportion of registered capital of Lerong to 46.0507%, and LeTV will hold the new registered capital ratio of Lerong to 36.4046%. That is to say, Lerong’s new largest shareholder has become Tianjin Jiarui, and Lerong Zhixin has become a shareholding subsidiary of LeTV.
It is understood that with the future scope of LeTV's future reporting, the auditor's opinion will prevail. If Lerong makes a new listing, it will ultimately be regarded as an equity transaction, which will have a certain impact on the net assets of the listed company's consolidated statements, but considering the year. In the case of depreciation, operating losses, etc., the net assets of the listed company's consolidated statements after auditing still have a negative risk. This is one of the risk factors that LeTV has been reminding of possible suspension of listing.
In addition, the proceeds from the sale of the new auction to the amount of 131,070,310 yuan (corresponding to LeTV Holdings has pledged its holding of the new registered capital of 3,124,5271.2 yuan to the Minsheng Trust) will be used for Lerong to repay the China Minsheng Trust The company's loan, therefore, has no direct impact on LeTV's cash flow.
It is also worth noting that, according to the current “Articles of Association” of Le Rongzhi, the company has a board of directors, and the number of directors of the company's board of directors is 4, of which LeTV has the right to nominate 3 directors. Jiarui Huixin has the right to nominate 1 The director, that is, LeTV can decide more than half of the members of the new board of directors. However, if Tianjin Jiarui becomes the first major shareholder of Lerong, the increase in the number of shares of Lerong will obviously change the current The structure of the board of directors, increasing the number and proportion of directors nominated by Jia Rui Hui Xin.
According to the relevant auction regulations, Tianjin Jiarui, who participated in the bidding, should pay the balance of the auction transaction price after deducting the deposit to the designated account of the court before 17:00 on September 29, and then obtain the court ruling and implement the transfer of equity change.