Letv Pictures plans to change its name to "New Letv Entertainment", and an investment fund withdraws its shares.

on November 16th, the reporter learned from Letv Film that Letv Film plans to change its name to the new Letv Entertainment, and industrial and commercial information will soon be better.

on November 16th, the reporter learned from Letv Film that Letv Film plans to change its name to the new Letv Entertainment, and industrial and commercial information will soon be better.

"at present, it is proposed to change the name, and it should be to change the industrial and commercial data." Said a person close to Letv Pictures.

it was reported on September 19th that Letv's listed company system is seeking to change its name, and all business sectors are taking new names. On the evening of September 27th, Leeco took the lead in announcing the name change, and the company name was proposed to be changed from Leeco Information Technology (Beijing) Co., Ltd., to the new Letv Information Technology (Beijing) Co., Ltd., or from Leeco to the new Letv for short. However, the bill still needs to be submitted to the general meeting of shareholders for consideration.

it can be seen that after Sun Hongbin, chairman of Sunchuang, was elected chairman of Leeco, Leeco is speeding up the "de-Jia Yueting" and cutting with the past with the posture of "new Letv".

Letv Pictures was founded in 2011 by Jia Yueting, founder of Letv, and Zhang Zhao, founder of Light Pictures. Films produced or distributed include the "tiny Times" series, "Bear haunts", "Jazz trails" and "the Great Wall".

Letv holding (Beijing) Co., Ltd. holds 21.81% of Letv Pictures, which is the largest shareholder, Jia Yueting is the actual controller of Letv Holdings, and Tianjin Jiarui Huixin Enterprise Management Co., Ltd., owned by Sun Hongbin, holds 21.00% of Letv Pictures, which is the second largest shareholder. Letv Pictures also has a number of star shareholders, including Guo Jingming, Zhang Yimou, Sun Honglei, Huang Xiaoming, Li Xiaolu and Sun Li.

at present, Leeco is promoting the major asset restructuring injected by Letv Pictures. Since April, Leeco has been suspended for more than half a year.

it is worth mentioning that in the glued stage of the impact of Letv Film Industry into Letv, an investment institution of Letv Film Industry quietly withdrew from the shareholder list recently.

Industrial and commercial data show that on October 12, the number of investors of Letv Film decreased from 46 to 45, and the Beijing RXB Fund Management Center (limited partnership) disappeared from Letv Film's shareholder list.

Beijing Rongxin Bank Fund Management Center was registered on May 15, 2015. The shareholders are four natural persons, Liu Qiuping, Wang Gaohua, Zhao Jiang and Duan Hongjun, and Duan Hongjun is the executive partner. On October 20, 2015, the Beijing Rongxin Bank Fund Management Center first appeared the list of Letv Film shareholders.

some people quit, while others continue to bet.

in addition to changing the names of Leeco and various business systems, at a time when Letv's performance has declined sharply, Sun Hongbin, a staunch supporter of Leeco and Letv Pictures, once again used real money to rescue Letv.

on November 16, Sunac China issued an announcement saying that it had borrowed 1.79 billion yuan and no more than 3 billion yuan from Letv and Leeco. Letv got the loan at the price of pledging the shares of many of his companies to Rongchuang, and Jia Yueting's voice was further dispelled.

according to the Fuchuang announcement, so far, Sunac has provided a total of about 1.004 billion yuan in principal loans to Letv Holdings and its related parties, with an annual interest rate of 10%. Letv Holdings pledged its 21.8 per cent stake in Letv Film to Rongchuang Real Estate as a guarantee for about 704 million yuan of loans. Rongchuang said it is possible to continue to provide reasonable support for Letv Zhixin and Letv Pictures.

in the announcement, Rongchuang said: "the company continues to be optimistic about the development prospects of large screen operation and content field for a long time." Letv Zhixin and Letv Pictures will combine the content strategy of focus self-control and open content to create an Internet home entertainment platform with intelligent TV as the core. "

it should be pointed out that except for Letv Holdings, which pledged all shares of Letv Pictures to Rongchuang, Sunchuang also pledged all shares of Letv Pictures. Tianjin Jiarui Huixin, a subsidiary of Rongchuang, pledged its 125.5189 million yuan stake in Letv Film to CITIC Trust Co., Ltd. on July 26, 2017, according to industrial and commercial data.

Edit: mary