Recent events
Recent events tied to this brand in public sources.
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2022
Investors sue LeTV and other defendants over alleged false statements
Investors sued LeTV and 20 other defendants, including Zhongde Securities, seeking RMB 4.571 billion in compensation for alleged losses caused by LeTV's securities false statements. Plaintiffs alleged that Zhongde Securities and other intermediaries failed to perform their duties diligently. The case had not yet gone to trial and no judgment had been issued, according to Shanxi Securities.
2021
Court rules iQIYI infringed LeTV's online transmission rights
The Beijing Internet Court found that iQIYI provided online playback of works without the rights holder's permission, infringing LeTV's information network dissemination rights, and ordered iQIYI to pay LeTV 50,000 yuan in economic losses within seven days after the judgment took effect.
2021
Investors sue LeTV over securities misrepresentation
The Beijing Financial Court recently accepted a securities misrepresentation liability case brought by 11 investors against LeTV and 21 other defendants. The source reports that the case was accepted; it does not report a determination on the allegations in this case.
2021
LeTV fined over fraudulent issuance and disclosure violations
LeTV disclosed an administrative penalty decision imposing a 240 million yuan fine on the company for fraudulent issuance in its 2016 private placement. The decision also addressed years of financial falsification and disclosure violations.
2021
Chinese regulator fines LeTV for financial misconduct
The Beijing regulatory bureau determined that LeTV had committed financial fraud from 2007 to 2016, failed to disclose related-party transactions and guarantees, and engaged in fraudulent issuance in a 2016 private offering. LeTV was fined 240.6 million yuan.
2020
LeTV completes its final trading day before delisting
LeTV completed the final trading day of its delisting period on July 20, 2020; the article said it would be formally delisted the following day.
2020
LeTV responds to inquiry about share transfer
LeTV published a reply to the Shenzhen Stock Exchange's inquiry about a zero-consideration transfer involving an entity holding 8.56% of LeTV. LeTV said the transfer concerned the shareholder's equity in Tianjin Jiarui and that relevant parties received no benefit or cash inflow, so it did not evade share-reduction restrictions.
2020
LeTV announces entry into delisting period
LeTV announced that its shares would enter the delisting-period trading process after termination of listing.
2020
LeTV sued over a 28.97 million yuan equity repurchase claim
Chen Sicheng (Shanghai) Film and Television Culture Studio sued LeTV and two other defendants, seeking an order for them to acquire 0.0914% of LeTV Sports equity and pay 28.97 million yuan.
2019
LeTV urges Jia Yueting to fulfill his obligations
LeTV publicly urged Jia Yueting to fulfill his obligations amid his personal bankruptcy filing and reported claims involving the company.