LETVs apology meeting: strive to maintain operation and insist on recovering from Jia Yueting according to law
In the morning of January 8, LETV (300104, SZ) held a public apology meeting in the company interview column of the interactive e-commerce platform of Shenzhen Stock Exchange, attended by Liu Yanfeng, chairman and general manager of the company, and Wu Baoyu, director.
Liu Yanfeng was punished by Shenzhen Stock Exchange and faced with the situation of delisting edge. He was asked what is the plan of LETV in 2020? He said that the company will strive to maintain its ability of continuous operation and make full efforts to collect receivables from related parties. At the same time, the company will take all means, including legal means, to safeguard the interests of shareholders. Jia Yueting, the largest shareholder of the company, will continue to insist on and recover the losses caused to the company due to the occupation of funds of related parties and illegal guarantee.
In addition, when asked whether LETV has a restructuring plan, Liu Yanfeng said that the company has no capital increase and debt restructuring plan. He also said that if LETV delisted from Shenzhen Stock Exchange, LETV shares would be listed and transferred in the national small and medium-sized enterprise share transfer system.