Current location - Music Encyclopedia - Chinese History - Letv terminated its listing. How did LeTV go from a market value of 100 billion to this step?
Letv terminated its listing. How did LeTV go from a market value of 100 billion to this step?
Letv went from a market value of 100 billion to this step, starting with a loss-making Letv mobile phone, and the LeTV ecological chain quickly turned from prosperity to decline.

Letv was founded in 2004 and listed on 20 10. By 20 14, letv entered the car, and 15 released the mobile phone. Letv's business empire covers the entire ecological chain.

In 20 16, the capital chain crisis of 100 billion letv broke out in an all-round way. Starting from the loss-making LeTV mobile phone, the LeTV ecological chain quickly turned from prosperity to decline. 17, Jia Yueting can't hold on any longer. He just said "I will do my duty to the end" and got on the plane to America. Loneliness put all the capital on Faraday.

Although Sunac wanted to take over LeTV before long, even Sun Hongbin, a business genius, shook his head and shouted, and the investment was a complete failure. At this point, LeTV has fallen to the altar, lingering, and the hopeless GEM brothers have fallen.

Extended data

Reasons for Letv's stock termination:

On May 14, Shenzhen Stock Exchange issued an announcement and decided to terminate the listing of LeTV. According to the announcement, LeTV's audited net assets attributable to shareholders of listed companies at the end of 20 18 were negative, and the listing of the company's shares was suspended from May 20 13 19.

On April 27th, 2020, the annual report of 20 19 disclosed by LeTV.com showed that the audited net profit attributable to shareholders of listed companies, net profit after deducting non-recurring gains and losses and net assets at the end of 20 19 were all negative.

Moreover, the financial accounting report was audited by Dahua Certified Public Accountants (special general partnership), which touched the article 13.4. 1 0/of the Listing Rules of Growth Enterprise Market (201/revised) (hereinafter referred to as the Listing Rules).

According to the requirements of the Stock Listing Rules and the audit opinions of the Listing Committee of Shenzhen Stock Exchange, on May 14, 2020, Shenzhen Stock Exchange decided to terminate the listing of LeTV.