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Le Video Network Announcement: If the creditors do not repay their debts in time or start judicial proceedings

via:新浪科技     time:2018/12/6 20:34:40     readed:91

As of December 6, 2018, the network could not repay Tianjin Jiarui's November 2017 loan of 1.29 billion yuan in principal and the remaining interest of 0.55 billion yuan, according to the network.

As of December 6, 2018, Le Video Network was unable to repay the principal and interest of Rongchuang Real Estate Dai Le Video Network's prepaid Sino-Thai profitable loan totaling 1.914 billion yuan.

According to Le Video Network, listed companies are facing greater pressure on operating and non-operating liabilities, financing loans and debt repayment, and there is a risk that the company will be litigated by creditors or the pledged assets will be disposed of according to law because of the outstanding principal and interest arrears.

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