Over the past year, "the savior" Rongchuang China invested 15 billion yuan, trying to rescue the network in danger, but the outcome is not satisfactory. Related transactions entangled repayments hopeless, by a number of banks to freeze the equity stranded restructuring, Jiayue Ting left the United States, Sun Hongbin tried to turn the tide ... ... Music Watch this ship eventually tended to shut down.
If we say that the age of Jiayue Pavilion - the establishment of LeTV and its growth and development, led the surging LeTV into the capital market, it is the first half of LeTV; then, from the time when investors became the helm and tried to save the operation of Le Wang, , Is the second half of LeTV.
From the resumption of trading on January 24, 2018, LeTV has recorded a 14-limit daily limit. As of the Spring Festival holiday, its share price has dropped to 4.42 Yuan from 15.33 Yuan and its market value has dropped by three-quarters.
Up till now, the total funds invested by Rongchuang to "LeTV" Company has reached 15.372 billion yuan, with a loan of 1.79 billion yuan and a partial equity acquisition of two real estate projects of LeTV with a total amount of 5.204 billion yuan.