Le Vision net mister go into a doubt response said Jia Yue Pavilion soon back

Absrtact: The old days of praise, compared with today's controversy, has formed a strong contrast. Jia Yue Pavilion, has been the industry as a master of industrial integration, capital Operation Master. Now because of the problem of capital, whereabouts, has been involved in the nameless storm. A lot of people who know the music view that

The praise of the past, contrasted with today's controversy, has formed a strong contrast.

Jia Yue Pavilion, has been the industry as a master of industrial integration, capital Operation Master. Now because of the problem of capital, whereabouts, has been involved in the nameless storm.

Many people think that the Jia Yue Pavilion advocated "platform + content + Terminal + Application" model is more or less the existence and industrial policy hide cat's luck mentality. The future of the music vision is fraught with uncertainty after the tightening of the hands of the radio and television serious supervision.

Go to doubt

Lok Vision is a company (including the music network and its holding subsidiaries) a series of investment and financing action to make investors and the media quite confused, so whether it is a video network or holding company in recent period received more than a lot of interview requirements.

"China business newspaper" Reporters hope that the recent action and Jia Yue Pavilion interview, for this request PR appears somewhat helpless, "Jia is indeed not in the domestic, before the media requirements for the General interview, but also our specialized people to interview." "Lok See Holding (Beijing) Co., Ltd. (hereinafter referred to as" le-View Holdings ") Brand communication center, the relevant people told reporters.

According to the introduction, now want to contact Jia General interview of the media, and some media even in the general Weibo message, in order to get the latest news.

According to media reports that "Jia Yue Pavilion has pledged shares, from June this year to flee China," said the letter from the relevant staff of the brand Communications Center, the competition was deliberately released by rival navy rumors. "There must be legal responsibility for these rumors," he said. After the completion of the overseas layout, Jia Yue Pavilion will be back soon, when the rumor is out of the way. ”

Reporter noted that Jia Yue Pavilion Sina Certification microblogging is still in real time updates, during which also showed the trend of Jia Yue Pavilion, where the contact of the people also led to the media and investors on the direction of their investment in all kinds of speculation.

August 11 night, Jia Yue Pavilion appeared in the "Death Squads 3" premiere, according to media reports, Jia Yue Pavilion to the media confirmed that Le Vision has been in Los Angeles and Silicon Valley to set up two major subsidiaries. But for this investment, as a listed company Le Video network has not issued any announcements. For the investment subject is the music video network or its subsidiary, le see the PR said is not aware.

Funds "Pull Away"

Big shareholder departure months originally is not uncommon, but Jia Yue Pavilion pledge hands 70% stock is still let shareholders slightly uneasy.

A few days ago, le Video network issued a notice that the holding shareholder Jia Yue Pavilion for stock pledge-type repurchase transactions and partial equity release pledge. On the one hand, for its control of the Lok-Vision Holdings (Beijing) Co., Ltd. to participate in the financing of the company to prepare funds, on the other hand, to reduce the overall cost of the pledge financing, the equity pledge to optimize the rate.

Reporter noted that, as of this announcement day, Jia Yue Pavilion holding video network shares accounted for 44.21% of the company's total equity, Jia Yue Pavilion Total pledged shares accounted for the total number of its holdings of 74.11%, accounting for the company's total share capital of 32.76%.

Securities analysts suggest that if the pledge ratio is too high, the ability of the financing side to counter the market price risk is weak, once the stock price plunge, the financing side will be difficult to come up with more stocks to add collateral, the company's financial risk intensified. In response to this video holding in the mail, said that the major shareholders of listed companies personal financing itself belongs to their personal behavior, with the listed companies, the majority of shareholders through a variety of practical actions in support of the development of listed companies, the media should not guide other shareholders to query the company's major shareholders of personal financing.

In fact, in addition to the major shareholder pledge attention, the second largest shareholder Jia Yue Fang's large set of the current is to let shareholders at a loss.

Jia Yuefang is the company's actual control of the Jia Yue Pavilion sister. August 26 disclosed the semi-annual report, the reporting period of the second largest shareholder Jia Yue to reduce shares of 14 million shares, wind statistics show that Jia Yue Fang reduce the amount of cash is about 710 million yuan. After the reduction, Jia Yue Fang is currently holding a video network shares of 4.3%, still as the second largest shareholder of the video network.

From the start of the Super TV to the first Jia Yuefang, less than 1.5 times, Lok see shares in the period has risen nearly 6 times times, when the music network P/E ratio has been more than 160 times times, the industry's Huayi Brothers and the light of the media has less than half the P/E. Jia Yue Fang in the time of the video network stock price is almost the highest point of historical share prices.

Home Appliance Industry Observer Liang pointed out that the Super TV is the Jia Yue Pavilion promised "platform + content + Terminal + Application" of the most critical part of the music ecosystem, which is also the reason for the price surge after the sale of television. But for the time being, the television business has limited profits from its financial statements, and if it has long failed to provide enough to support such a high price-to-earnings ratio, the shares will fall sharply. Jia Yue Fang reduction or related to this.

To this music as a holding email response: Jia Yue Fang's reduction is not management to see empty, but after the reduction of funds back to the music, to support the ecological development of music.