In early trading on Wednesday, Leeco hit the daily limit again. It is now quoted at 2.49 yuan, up 8.73%. The transaction was 540 million yuan, with a turnover rate of 7%.
Leeco announced on the evening of August 21 that the debt treatment plans formed by the debt handling groups of listed companies and unlisted systems have not been repaid in cash, basically by means of debt transfer and asset disposal to offset the existing debts of the unlisted system to listed companies.
The announcement saidListed companies did not receive cash inflows as a result of debt resolution.Listed companies can not get cash support in the short term, and the operating difficulties of listed companies caused by lack of funds can not be solved directly and effectively, and there is still a risk that the net assets will be negative after audit in 2018.
It is worth mentioning that Xinhuanet's latest reprint of the Securities Daily on the 22nd is entitled "Leeco clarifies 4 billion yuan in debt and calls Jia Yueting to come back to pay the debt".
The following is the full text of the article:
Leeco has reached an agreement with the unlisted system that the debt is about 6.7 billion yuan, Leeco said in an "indicative announcement on the risk of suspending the listing of stocks" on Aug. 17.
On August 21, the Shenzhen Stock Exchange issued an inquiry letter to Leeco, asking Leeco to provide additional details on matters such as reaching an agreement with the unlisted system that the debt scale is about 6.7 billion yuan. and verify the difference between the identified claims and debts and the previously announced figures.
Subsequently, it was reported that Jia Yueting would cover the debt of Leeco, saying that "Letv Holdings has repaid 263 million yuan of debt and reached a debt repayment plan of more than 4 billion yuan with Leeco." "at the opening of trading that afternoon, Leeco's share price rose sharply to close at 2.29 yuan per share, with a trading volume of 901400 lots, with a transaction value of nearly 200 million yuan. More than 1.2 million orders were sealed on the limit board.
On the evening of August 21, Leeco issued a clarification announcement saying that the debt transfer solutions disclosed in the announcement on the Progress of debt Resolution with unlisted Systems, there is a risk that the validity of this debt transfer will change due to changes in the overall debt solution of unlisted related parties or the debt problems of related companies.
At present, the debt problem treatment plan has basically offset the existing debts of the non-listed system to listed companies by means of debt transfer and asset disposal, and has not been repaid by cash. Therefore, Leeco does not get direct cash inflows because of debt resolution, and it takes a long time and great uncertainty to obtain cash from debt settlement and disposal of assets. Leeco can not get cash support from the related party debt resolution plan reached at present in the short term, and the operating difficulties of listed companies caused by lack of funds can not be solved directly and effectively.
At the same time, Leeco stressed that for the "announcement on the progress of internal verification of external guarantee violations" previously disclosed by the company, the illegal guarantee behavior may lead to the listed company's potential liability or debt, such as guarantee, litigation compensation, etc., and the listed company will reserve the right to pursue and sue the relevant parties of the non-listed company in accordance with the law. At present, the company's potential to assume the above responsibilities, the amount of debt is still uncertain.
In addition, Leeco said that there is also a possibility of change in the substantive landing and implementation of debt resolution by related parties in the unlisted system, and listed companies expect Jia Yueting and related parties in the unlisted system to continue to attach importance to the progress of debt problem handling and substantive implementation, and bear corresponding repayment responsibilities and obligations.