LETV bond default price close to the end of the month debt maturity 1 billion 843 million

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 LETV bond default price close to the end of the month debt maturity 1 billion 843 million


The new Beijing News (reporter Wang Quanhao) 15 music vision 01 after the first trading day after the breach of notice, music net share prices fell 9.47%, to receive 2.20 yuan per share, close to a drop, the company since the return of a new low price, the companys market value to 8 billion 777 million yuan, less than the peak of the companys peak of 1/15. In addition, by the end of August, debt obligations of financial institutions that are about to expire are expected to be about 1 billion 843 million yuan.

Default involves 80 million 300 thousand yuan, and 1 billion 843 million yuan debt expires at the end of the month.

In the evening of August 3rd, the music network announced that the 15 music sight 01 should be paid the principal and interest in August 3, 2018. It was affected by the companys operation and the capital chain, and failed to cash the bonds interest as scheduled.

For the reasons for the breach of contract, the company believes that the company is now deeply trapped in the whirlpool of public opinion, the difficulties of operating, the breach of the debt commitment of the controlling shareholders and the unrecoverable debt of the large affiliated party, which leads to the extreme tension of the companys capital, which is a hindrance to the normal development of the companys business.

According to the data, the issuance amount of the 15LT 01 is 1 billion yuan, the current balance is 0.73 billion yuan, the coupon rate of the bond is 10%, and the maturity date is August 3, 2018. LETV needs to pay a total of 80 million 300 thousand yuan in August 3, 2018.

In addition to the above failure to cash 80 million 300 thousand yuan, according to music network statistics, the companys debt types include financing loans, operational liabilities and non operating liabilities. By the end of August, the borrowing debt of the upcoming financial institutions is estimated to be about 1 billion 843 million yuan, accounting for more than 9% of the total liabilities of the company.

7 billion, whether the related party debt is settled or not determines the state of its assets.

The music network is still in the mire of debt.

In the evening of August 3rd, the music network announced that the company was expected to jointly promote the settlement of the debt problem with the non listed debt processing group. At present, the companys preliminary statistics related party debt is expected to be around 6 billion 400 million to 7 billion 500 million yuan, and the final confirmation amount needs to be determined by the company and the non listed system debt treatment group.

Music network said that the two sides in August 6, 2018 again on the related party debt solution consultations, confirm whether the completion of the plan will have a key impact on the companys assets and liabilities in the current year. The reporter called the relevant stakeholders of the music network to ask the related party debt solution consultation progress has not been answered.

For the first half of the companys performance, the net is expected to lose 1 billion 105 million 140 thousand and 800 yuan ~111014.08 million yuan in 1-6 months of 2018, which will lead to the companys net assets belonging to the shareholders of the listed company in June 30, 2018. The companys board of directors and management are trying to solve the companys current difficulties, but the companys business has not been fully improved, and the possibility of a sustained loss in the second half of the year has been unable to solve the companys financial problems, as the companys board and management are trying to solve the companys current difficulties. If the net assets of the company in 2018 are negative after audit, the company has the risk of being suspended from listing. Although Yue Rong has signed the new capital increase agreement with the relevant investors, the new equity auction process can not be promoted on time due to the holding of music holdings. Certainty. Source: Beijing News Editor: Wang Fengzhi _NT2541

For the first half of the companys performance, the net is expected to lose 1 billion 105 million 140 thousand and 800 yuan ~111014.08 million yuan in 1-6 months of 2018, which will lead to the companys net assets belonging to the shareholders of the listed company in June 30, 2018.

The companys board of directors and management are trying to solve the companys current difficulties, but the companys business has not been fully improved, and the possibility of a sustained loss in the second half of the year has been unable to solve the companys financial problems, as the companys board and management are trying to solve the companys current difficulties. If the net assets of the company in 2018 are negative after audit, the company has the risk of being suspended from listing.

Although Yue Rong has signed the new capital increase agreement with the relevant investors, the new equity auction process can not be promoted on time due to the holding of music holdings. Certainty.