Recently, LeTV.com issued an announcement in which the announcement stated: "LeTV.com Information Technology (Beijing) Co., Ltd. received the “Registration of Jia Yueting†from Jia Yueting and Jia Yuefang issued by the Beijing Supervision Bureau of the China Securities Regulatory Commission. "The decision on supervision measures." It seems that before Jia Yueting and Jia Yuefang borrowed money from LeTV, someone finally came to supervise it.
The Beijing Securities Regulatory Bureau issued a "decision" on Jia Yueting and Jia Yuefang, respectively. For Jia Yueting, the decision stated: "You promised in May 2015 that all funds obtained from the reduction of LeTV.com stocks will be lent to the listed company as working capital. In November 2017, you have clearly stated that you are unable to continue to fulfill your promise of interest-free borrowing for listed companies.You withdraw all your borrowings at a time when listed companies are in trouble, refuse to honor your commitments, and disregard the company’s risk, seriously damaging the listing. The vital interests of the company and the majority of small and medium-sized investors have a bad social impact."
For Jia Yuefang, in the decision, he said: “You made a commitment in December 2014 to lend all the funds obtained from the shareholding of LeTV.com to the listed company as working capital, free of interest. In November 2017, you had made it clear that you were unable Continuing to fulfill the promise of interest-free loans to listed companies, you withdraw all your borrowings at the time when listed companies are in trouble, refuse to honor your commitments, and disregard the risks of the company, seriously undermining the vital interests of listed companies and the majority of small and medium-sized investors, and adversely affecting the society. ."
In these two "decisions", all of Jia Liting's siblings took measures to order corrections, and asked for a written rectification report on the above violations. The report includes, but is not limited to, your knowledge of existing problems and the specific rectifications taken. Measures, reasons for rectification, follow-up rectification plans, and deadlines for rectification.
At present, LeTV has sent the two decisions to Jia Yueting and Jia Yuefang by e-mail and confirmed that they have been served. But is Jia Yueting, who is far from the United States, going to "reorganize"? Presumably Jia Yueting is still continuing his dream of building a car?
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