On the evening of October 16, LeTV.com announced that according to the company's enquiry of China Securities Depository and Clearing Co., Ltd.'s share pledge and judicial freeze details, it was learned that the company's major shareholder Jia Yueting's 3 million shares were deflated on October 15, 2018. The pledge shares accounted for 0.0752% of the company's total share capital.
According to Jia Yueting's reply to the reply to the reasons for this pledge: 'On October 16, Jia Yueting received the company's notice, and the 3 million shares of LeTV held by the holder of the Oriental Securities held on October 15th. Pledge operation. It is understood that this part of the stock movement is the judicial enforcement operation of the court. Prior to this, Jia Yueting and Dongfang Securities reached a stock pledged repo business with a loan amount of 200 million yuan for the liquidity of Leshi Holdings, due to the failure to repay the loan on time. Business default, this business is currently in the judicial execution stage. Since Jia Yueting has not received any notice of disposal, it is impossible to inform the listed company to complete the information disclosure work in advance. If there is any update, we will inform the listed company in time.
As of October 15, 2018, Jia Yueting held 1,02024 million shares of the company, accounting for 25.12% of the total share capital, of which 873.85 million shares were pledged, accounting for 21.90% of the company's total share capital; the shares of the company they held were all frozen, round Waiting for freezing.
LeTV said that 'Jia Yueting's all pledged stocks have touched the closing line agreed by the agreement. The progress of Jia Yueting's holding of the company's stock is affected by the pledge of its stock and the state of freezing, which may lead to changes in the actual controller of the company. Risk ' .
According to a person familiar with the matter, the Securities Daily reporter revealed that in the first half of 2018, Jia Yueting still has 1 billion shares pledged. The reason why about 200 million shares have been detained is mainly because the creditors want to sell LeTV shares. Funds. However, at present, the progress of selling stocks is not ideal.
It is worth noting that as of October 15, 2018, Jia Yueting's shares were reduced by 2,201,128,800 shares compared with June 30, 2018. According to Jia Yueting's previous email reply, the judicially disposed stocks were used to repay debts. Jia Yueting and his unanimous The actioner Jia Yuemin lost a total of 40,327,328 shares compared with June 30, 2018.
According to Jia Yueting’s previous reply to the reasons for the decrease in shares, LeTV Holdings (Beijing) Co., Ltd. and China Minsheng Trust Co., Ltd. completed two loans on July 6, 2016 and November 30, 2016, respectively. 1 billion yuan, Jia Yueting provided 135.52 million shares of LeTV.com for pledge guarantee. Due to the tight funding of LeTV Holdings, the two loans failed to repay two business defaults on time, and Jia Yueting provided pledge guarantees of 136.52 million shares into the implementation stage, as of 2018 On the 9th, the court completed the disposal of 14.1683 million shares, and the proceeds from the stock disposal were directly used to repay the Minsheng Trust debt. Jia Yueting and Guotai Junan Securities Co., Ltd. completed the stock pledge business on June 23, 2016, and pledged 38.54 million shares of LeTV. The loan amount is 300 million yuan to supplement the liquidity of Leshi Holdings. The pledge business failed to repay the loan in time. As of October 9, 2018, the court has disposed of 6,161,100 shares, and the proceeds from the stock disposal are directly used for repayment. Guotai Junan Debt. The above reductions are all directly handled by the court without notice to Jia Yueting himself. The resulting passive reduction behavior'.
According to Jia Yuemin’s reply to the reasons for the decrease in shares, “Jia Yuemin and Orient Securities Co., Ltd. completed the stock pledge business on May 4, 2016, and pledged 18.38 million shares of LeTV. The loan amount was 200 million yuan to supplement LeTV. Holding liquidity. As the pledge business failed to repay the contract in a timely manner, as of October 15, 2018, the court had disposed of 18,180,200 shares, and the proceeds from the stock disposal were directly used to repay the debts of the Oriental Securities.