LeTV will renegotiate the restructuring transaction price involving a total amount of approximately 16.8 billion yuan

Le.com announced the progress of the major asset reorganization on the evening of February 10, saying that it would renegotiate the transaction price of this reorganization with the counterparty.

Original title: LeE.com will renegotiate the transaction price of the reorganization and actively promote the reorganization.

LeE.com issued a progress announcement on the evening of February 10, saying that it will renegotiate the transaction price of this reorganization with the counterparty.

The announcement shows that all parties are currently discussing the valuation and pricing of this material asset reorganization. Based on the new asset evaluation results, the company will renegotiate the transaction price of this reorganization with the counterparty, reconvene the board of directors, and review this time For major asset reorganization matters, the announcement date of the resolution of the board of directors will be used as the benchmark date for the pricing of shares. LeTV said that the company will actively promote this major asset reorganization and accelerate the reorganization process.

In May 2016, Le.com announced that it planned to acquire LeTV Pictures at a total price of 9.8 billion yuan by issuing shares and paying cash. Since then, Le.com has issued several announcements on the progress of the reorganization. It can be seen from the announcements that Le.com's acquisition of Le.com has not yet been completed, and the price issue is still uncertain.

Just in January, Le.com, which was mired in a capital chain crisis, issued an announcement saying that it had confirmed the introduction of strategic investors including Sunac China, involving a total amount of approximately 16.8 billion yuan. Among them, Sunac will acquire 8.61% equity in LeTV for 6.041 billion yuan, 33.5% equity in LeTV Zhixin after additional issuance for 7.95 billion yuan, and 15% equity in LeTV Pictures for 1.05 billion yuan. The total investment amount of the three pieces is 15.041 billion yuan. In addition, LeEco Zhixin also raised 1.83 billion yuan in equity from two other investors.

Based on this transfer price, Le Pictures 'overall valuation is approximately 7 billion yuan. In other words, after Sunac China invested in LeEco, LeEco Pictures 'valuation has been "discounted" by nearly 30%.

According to the 2016 performance forecast recently disclosed by Le.com, Le.com's net profit attributable to shareholders of listed companies is expected to increase by 10% to 35% year-on-year, approximately between 630 million yuan and 770 million yuan.

Editor: yvette