Recently, it was reported that Lexus Holdings, currently controlled by Jia Yueting, has reached more than 100 million yuan in debt settlement with 50 suppliers. Jia Yueting made a breakthrough in financing in Hong Kong.
On September 19th, a number of suppliers who were regarded by LeTV as arrears called the reporter and asked if LeTV had more solutions to the remaining debt.
In response, an insider of LeTV Holdings said in an interview with the "Securities Daily" reporter: "Lastwise, LeTV Mobile signed a repayment agreement with 28 suppliers last week, and it will sign another 27 this week." These have reached a solution with LeTV. Most of the suppliers are LeTV mobile store builders, and dozens of small and medium-sized mobile phone eco-shop contractors in China. The debt collectors who had previously “tapped tents†at LeTV Building have also been gradually evacuated.
According to the "Securities Daily" reporter, from the end of last year to the present, Jia Yueting and the Leshi company controlled by him have repaid nearly 20 billion yuan of debt, of which 16 billion yuan was in arrears to financial institutions, and another 3 billion yuan was Let's consider the related debts of the supply chain and suppliers.
For other suppliers who have not obtained repayment, the above-mentioned LeTV told the reporter: “There is still a large part of LeTV’s outstanding arrears still to be solved. There are many suppliers who have not received the money owed. However, for other repayment plans at present. We are still doing one by one, and are working hard to raise related funds. We hope the suppliers will give us some time."
Debt settlements completed in batches
Recently, the "Securities Daily" reporter learned from the relevant responsible person Lesee Holdings, LeTV Holdings and LeTV Mobile Company reached a settlement of more than 50 suppliers, to solve the debt amount of more than 100 million yuan. After the news was issued, many LeTV suppliers expressed concern and hoped to understand the solution of LeTV’s follow-up debt.
The reporter learned that the current supplier of debt repayment solutions with LeTV Mobile involves dozens of small and medium storefront contractors across the country. Last week, LeTV Mobile had signed repayment agreements with 28 suppliers, and this week it will sign another 27 suppliers.
According to sources, Jia Yueting frequently made frequent inroads in Hong Kong and the United States. There is indeed progress in financing. From the understanding between LeTV Holding and LeTV Mobile Suppliers, Jia Yueting's current progress is still very smooth.
Previously, due to the problem of arrears, suppliers and LeTV's non-listed companies "had troubled" very unpleasant. It is reported that at present, LeTV has obtained the understanding of most suppliers. LeTV Holdings said that the debt issue will be resolved.
Leshi Holding’s insiders said that since Jia Yueting proposed “due diligence†on the debt issue, we have been actively working on it.
On Friday, Jia Yueting was stunned by netizens to appear in Hong Kong. LeTV Holdings stated that this time Jia Yueting went to Hong Kong to negotiate LeTV car financing with investors, another important issue was to solve the problem of LeTV’s unlisted system debt. Judging from the agreement reached between LeTV Holdings and some mobile suppliers of LeTV, Jia Yueting has made substantial progress in raising funds in Hong Kong.
Raising is working hard
Actually, prior to this, LeTV has repaid some of its debts. According to statistics, by the end of July this year, before China Merchants Bank initiated the freeze of LeEco assets, LeTV has already repaid 16 billion yuan in loans from financial institutions, and the outstanding loan balance was 13.85 billion yuan, involving 3 banks, trusts and figures. Small and medium-sized financial institutions.
In addition, the "Securities Daily" reporter learned that, from the end of last year to July of this year, LeTV has already repaid suppliers more than 3 billion in arrears.
In other words, after China Merchants Bank was frozen in assets in early July, LeTV did not repay any debt until it reached a resolution of 100 million yuan in the near future.
Since July this year, LeTV has stopped repaying creditors, mainly because China Merchants Bank has frozen Lexus and Jia Yueting’s personal assets worth about RMB 30 billion. “Before this repayment was relatively smooth, after being frozen, we did not have the ability to repay the relevant debts. And LeTV’s and its suppliers’ debt plan of over RMB 100 million was also reached by Jia Yueting after multiple efforts. Follow-up will be issued in more detail. Plan to solve the related arrears.†The above LeTV told reporters.
It is worth noting that there have recently been reports that Jia Yueting may abandon his investment in the automotive business and that LeTV will become abandoned.
In this regard, Leshi Holdings insiders said: "However, LeTV is LeTV's core asset of the unlisted system, and currently Jia is fully negotiating financing."
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