After the close of trading on February 27th, Western Securities suddenly announced that it would withdraw 439 million yuan from the pledged stock LeTV, and four people, including Jia Yueting and Jia, defaulted on their stock pledge. Western Securities has filed a lawsuit with the court, involving an amount of nearly105438+090,000 yuan.
According to the previous performance forecast of Western Securities, the company's net profit attributable to the parent company in 20 17 was about 736 million yuan. In other words, this provision for bad debts is equivalent to 60% of the net profit of Western Securities in 20 17. In addition, after consulting the announcement, it was found that LeTV did not announce the equity pledge mentioned by Western Securities, and the pledger of LeTV's equity pledge did not have Western Securities.
According to the disclosure of Western Securities, as of February 3, 20 17, the principal of Letv, the pledged stock of Western Securities, was nearly101900 million yuan. Among them, the principal is 473.5 million yuan for Jia Yueting, 296 million yuan for Jia, 240 million yuan for Liu and 9 million yuan for Liu respectively.
Specifically, since April 2065,438+06, Jia Yueting has pledged 2,654,380+05,000 shares of LeTV to Western Securities, raising 500 million yuan for trading, and Jia has pledged 654,380+029,300 shares of LeTV to the company since March 2065,438+06, which is included in the initial trading principal of 296 million yuan. In addition, in July and September, ricas and Yang Lijie pledged 6,543,803,650 shares and 630,000 shares of LeTV to Western Securities respectively, raising 300 million yuan and 6,543,800 yuan.
Since the resumption of trading, LeTV's share price has been continuously falling 1 1 time. Even at the latest share price of 5.44 yuan, Sun Hongbin has lost nearly 70%, which is lower than Jia Yueting's expected price.
The explosion of equity pledge has always been considered as the biggest mine at the foot of LeTV. According to Letv.com, of the 65.438+0.24 billion shares held by Jia Yueting, 65.438+0.065438+0.90 billion shares have been pledged to financial institutions. LeTV has repeatedly stated that if the company's share price falls sharply and Jia Yueting fails to provide additional guarantee in time, financial institutions will have the right to dispose of the pledged equity, and Sunac will inevitably suffer more losses. However, before this, a group of financial institutions "remained silent" about the information of the explosion.
A Beijing securities broker who once participated in Jia Yueting's equity pledge told CBN that because Jia Yueting's shares were frozen by the judiciary, short-term exposure could not be handled openly and transparently. In this case, the institution may choose to negotiate with Jia Yueting or Sun Hongbin, hoping that Sun Hongbin will take over the offer, instead of publicly exposing the "enough".
Although the silence of financial institutions makes the situation of Jia Yueting's equity pledge confusing, paper can't cover the fire after all. It is unknown to the outside world how "New LeTV" headed by Sunac will face the problems brought by the explosion in Jia Yueting.