La música, como la capital de la "sed" reproducción Jia Yueting 26 millones de cargo
Only the bottom of the music Watch (300104.SZ), once again staring financing channels promise of equity, January 13, LETV announcement that the company received a controlling shareholder and actual controller Mr. Jia notice Yueting today, Mr. Jia Yueting will that owns 26,000,000 shares of Company executives locked shares pledged to Haitong Securities Co., Ltd., for the development of investment in music as a green business.
Music Watch has long been tension capital chain biggest problem plagued the development of enterprises, while Jia Yueting has been shaped equity pledge to suspend "hungry" according to music Watch 2014 three total listed companies quarterly cash flow and cash flow from operating -8000000000 investment.
Before the pledge of shares, Jia Yueting was also the September 30, 2014 was held by LETV tradable shares 13,000,000 shares pledged to the headquarters of the China Minsheng Banking Corporation, purchase their music as Beijing headquarters of the Group to raise funds .
In addition to describing the promise of substantial equity business development LETV much needed funds, but also means that the watch music share price should remain high, pledge or risk of loss. A corridor area of Shanghai, who said that once the clock music of the garment when the stock fell to reach agreement cord, the other is forced open, this risk is Jia Yueting certainly do not want to see. And Jia Yueting had also admitted that promise of equality is a stepwise approach, it is not a permanent solution because financing costs are higher.
However, now music Watch also did no better way to solve the shortage of liquidity, although last December 5, the second largest shareholder LETV has said it is willing to hold cash stock LETV, and the resulting money (expected to more than 1.3 million yuan) lend a listed company for five years (60 months) or more, without interest.
But for now, if Guyue Fang significant holdings in the secondary market, are likely to lead to lower LETV again available after December 23, 2014, the share price fell once LETV 29.23 yuan / share, watch music making 45 million private placement may proceed without problems facing huge variables, it is learned LETV had plans to issue 129 million shares to the music, as the Holding (Beijing) Co., Ltd., CITIC Securities and five specific object, the issue price is set at 34.76 yuan / share.
