Le.com urgently suspended trading: Stabilize stock price or introduce war investment?

Leeco issued an announcement on the evening of December 7th, explaining the suspension of the day and responding to the rumors that Jia Yueting, the controller of Letv, had pledged to close the position.

original title: Leeco emergency suspension: stabilize the stock price? Introduce a war vote?

Leeco issued an announcement on the evening of December 7th, explaining the suspension of the day and responding to the rumors that Jia Yueting, the real controller of Letv, had pledged to close the position.

Leeco said that due to the sharp drop in Letv in late trading on December 6, the decline deviated greatly, and the company was concerned that the media reported that "Letv shocked a second: Jia Yueting's 64.81% pledged shares once fell below the closing line", the company needs to suspend trading to check the relevant matters. At the same time, the company is planning major issues, which are expected to involve the integration of industrial resources, which is still uncertain.

< strong > the temporary stop of "coincidence" < / strong >

generally speaking, the temporary stop is nothing new to listed companies, but coincidentally, on December 6, the day before Leeco stopped, Leeco's share price suddenly fell sharply in late trading, closing down 7.85%.

some brokerage personages have pointed out that the problem of Letv's capital chain has not been effectively alleviated recently, and the temporary stop after the collapse may be mostly for the purpose of stabilizing the stock price. Especially when the share price of Leeco has already deviated from the fixed price increase of 45.01 yuan per share on August 4, it is particularly important to maintain the confidence of investors, otherwise it will be more difficult to solve Letv's capital problem later.

A vice president of the investment bank, who spoke on condition of anonymity, told the reporter that in addition to the fixed increase plan, many listed companies' major shareholders will also sign a bet agreement on guaranteed income, while the general bet price is between 10% and 25% of the fixed increase price. If the share price falls below the floor price agreed by both parties, the major shareholders will bear a certain amount of compensation for the difference. However, it is not clear whether Leeco has signed a similar bet agreement before, and if so, the current share price is close to the minimum bet price of 33.76 yuan per share.

Shen Meng, executive director of Xiangsong Capital, believes that Letv's stock price has been under heavy pressure since the concentrated outbreak of the problem, and Jia Yueting is also a variety of left and right branches constantly hoping to pacify the market. but at present, Letv's complex problems cannot be simply resolved overnight, but for Jia Yueting, who is engaged in mortgage financing, there is some meaning of "breaking drums and hammering people." It is also a big mystery where Letv's large-scale financing in recent years went to. Whether Letv and Jia Yueting are short of money, how much of the financing money has been spent on business, and where the rest of the money has gone is what the market is worried about.

however, the market has other ideas. Sources said that Leeco's imminent suspension may be related to a new round of strategic investment introduction from Letv, a subsidiary of Leeco, which is currently in the process.

< strong > Jia Yueting denied that "closing positions" said < / strong >

on December 6th, it was reported in the market that Leeco founder Jia Yueting had a Leeco equity pledge with a closing line of 35.21 yuan per share. The pledged shares totaled 507.3323 million shares, accounting for 64.81% of Jia Yueting's shareholding and about 25.6% of Leeco's total share capital. In other words, Letv net once fell to 35.01 yuan / share, has fallen below the equity pledge line.

in response to rumors of hypothecation, Leeco's official response to the rumored closing price data is pure conjecture. Jia Yueting himself, on the other hand, Weibo strongly hit back at the rumors that the position was pledged and closed, saying, "Oh, one of yesterday's events, the planning is perfect, and the black hand is shameless enough." But will Leeco be defeated? The answer is: the more you are hacked, the tougher you are. See battlefield. "

some sources also said that Jia Yueting's equity pledge of Leeco is not risky for the time being, and the closing line should be more than 20 yuan. However, this statement has not been confirmed by Letv.

on this matter, the reporter repeatedly asked people from Letv Group and Letv to bring new ideas, but they did not get a response.

< strong > or introduce strategic investors < / strong >

with regard to the fact that "the company is planning major issues involving the integration of industrial resources," as mentioned in the Leeco announcement, Letv insiders told the Securities Times. E company reporter revealed that the integration of industrial resources pointed to Leeco network will be introduced into strategic investors.

some market analysts close to Letv said that the suspension is actually to create a good negotiation environment for the introduction of strategic investors. Leeco has been introducing war investment for some days, and the stock price has fallen strangely recently. For the sake of fairness, Leeco applied for suspension.

before this, there have been rumors in the market that strategic investors have bought shares in Leeco, but there has been no conclusive evidence. The release of this announcement undoubtedly increases the credibility of such rumors. So who on earth will hold hands with Leeco?

the above company insiders said that no matter whether the last strategic investor is Hong Kong Capital, the Internet IT industry giant, or the government industrial fund, it is an indisputable fact that many investors want to buy a stake in Letv.

Edit: nancy