Jamaica Sugar Daddy still mired in debt

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“15 LeTV 01” On the first trading day after the default notice was announced, LeTV’s stock price closed down 9.47%, closing at 2.20 yuan per share, close to the limit, setting a new low since the company’s resumption of trading. The company’s market value shrank to 8.777 billion yuan, which was less than the 10 yuan during the company’s peak period. One fifth. In addition, as of the end of August, the loan claims of financial institutions that are about to mature are estimated to be approximately 1.843 billion yuan.

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On the evening of August 3, LeTV Jamaicans Escort notice announced that 15 LeTV 01 should pay the principal and interest on August 3, 2018, subject to the company’s operations and capital chain Jamaicans Escort was seriously affected and failed to pay the principal and interest of the bonds as scheduled.

As for the reasons for the default, LeTV believes that the company is currently trapped in a whirlpool of public opinion, operating difficulties, and the controlling shareholder’s violationJamaicans Sugardaddy The inability to issue anti-loan commitments and huge amounts of claims from related parties has resulted in an extremely tight financial situation for the company and has brought obstacles to the normal development of the company’s business.

Information shows that 15 LeTV 01 The issuance amount is 1 billion yuan, the current balance is 73 million yuan, the coupon rate of the bond is 10%, and the maturity date is August 3, 2018. LeTV needs to pay the principal and interest on August 3, 2018. A total of 80.3 million yuan.

In addition to the above-mentioned 80.3 million yuan that failed to be paid, according to statistics from LeTV, the company’s debt category Jamaica Sugar Daddy Types include financing loans, operating debts and non-operating debts. As of the end of August, the loan debts of financial institutions that are about to expire are estimated to be approximately 1.843 billion yuan, accounting for more than 9% of the company’s total debts. .

Whether the claims of related parties of about 7 billion are resolved determines its asset status.

On the evening of August 3, LeTV announced JM Escorts The company hopes to work with the unlisted system debt disposal team to promote the completion of debt problem resolution plans. At present, according to the company’s preliminary statistics, the debts of related parties are estimated to be 64 000 million to 7.5 billion yuan, and the final amount needs to be determined through consultation between the company and the unlisted system’s debt disposal team.

LeTV said that the two parties discussed and confirmed the debt resolution plan of the relevant parties again on August 6, 2018. , the completion of this plan will have a critical impact on the company’s assets and debt status this year Jamaica Sugar Daddy The reporter called. Relevant people from LeTV asked related parties about the progress of debt settlement discussions and received no response.

Regarding the company’s performance in the first half of the year, LeTV estimates that the loss range from January to June 2018 will be 1,105,140,800 yuan to 1,110,140,800 yuan. Net assets belonging to shareholders of listed companies as of June 30, 2018Jamaicans Sugardaddy is negative. Jamaicans Escort There is a possibility of continuous losses every year. If the company’s net assets for the whole year of 2018 are negative after audit, the company is at risk of having its stocks suspended from listing.

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