Sun Hongbin said that LeTV would increase by at most two to three hundred points? LeTV: Not the stock price

Le.com clarified that Sun Hongbin's above reply was not a judgment on Le.com's share price. This expression was a prediction and judgment on investing in Le.com's overall project and did not refer to the rise and fall of Le.com's share price.

Original title Le.com clarified: Sun Hongbin's remarks were not a judgment on Le.com's share price

Le.com issued a clarification announcement at noon on March 29, saying that on March 28, Sun Hongbin said that the investment in listed companies (Le.com only) was only 6 billion yuan, and the remaining less than 10 billion yuan was in non-listed companies. It was also good for non-listed companies. It was written in our investment report, which is 30% downward and 300% upward. Le.com clarified that Sun Hongbin's above reply was not a judgment on Le.com's share price. This expression was a prediction and judgment on investing in Le.com's overall project and did not refer to the rise and fall of Le.com's share price.

Previously, at Sunac's performance conference, Sun Hongbin also gave his views on LeEco's recent problems.

"LeTV is developing in a good direction, and you have to give LeTV a development process. LeEco wants to cut and consolidate what should be done in its business. The direction of our investment has not changed. LeEco is now selling what should be sold, cooperating with what should be cooperated, and adjusting what should be adjusted in personnel. These are not negative, but positive. You are right to look at the various sections of LeEco separately, but it is wrong when you put them together because you have no resources."

When talking about LeSports, Sun Hongbin said,"The Super League should not have done it. It invested 1.3 billion yuan and lost 500 million yuan. You can't just do it just because you say that China people like to watch it. This is a business, and it's wrong for you to do it."

Previously, when LeEco was in a tight capital chain, Sun Hongbin played the role of a "white warrior" and announced a 15 billion yuan stake in LeEco.

According to the "Simplified Equity Change Report" released by Le.com on January 17, Jia Yueting has signed a "Share Transfer Agreement" with Jiarui Huixin, a company owned by Sunac, to transfer part of Le.com's shares by agreement. The price of the underlying shares is 35.39 yuan/share, and the total transaction consideration is 6.041 billion yuan, of which 3 billion yuan should be used first to cancel the pledge of the underlying shares. Jia Yueting invested all the funds he obtained from his 8.61% stake in LeE.com into LeE-based companies.

As of March 8, Le.com announced that major events were proceeding smoothly and the investment funds of relevant investors had been received in installments in accordance with the agreement. Due to the early stage involving many procedural work such as de-pledge of shares, and the Spring Festival holiday, the transfer of LeTV shares by Jia Yueting to Sun Hongbin is expected to be completed before March 31.

Editor: Nancy