LeTV Games may sell half of its equity for 750 million yuan, the shareholding structure changes greatly
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LeTV Games sold its stake in a high-priced bet against ST Huiqiu's major shareholder's funds involved. An industry M & A fund plan available to reporters shows that LeTV Games Technology (Beijing) Co., Ltd.(hereinafter referred to as LeTV Games) may be sold soon. The above fund plan mentions that the founders of the fund include Shenzhen Qianhai Ruilai Fund Management Co., Ltd.(hereinafter referred to as Ruilai Fund), joint financial institutions, major shareholders of LeTV Games, and Shenzhen Ruilai Lerui Investment Enterprise (Limited Partnership)(hereinafter referred to as Rui...
Letv's net profit in 2016 was only 20, 000 yuan, but it promised to make a profit of 60 million yuan in 2017 in the agreement on the transfer of shares.