LeTV has a debt of 23.8 billion and plans to invest 1.8 billion in the stock market.
On the evening of December 2nd, LeTV.com, which has been delisted and transferred to the stock transfer system, announced that in order to obtain investment benefits, the company plans to use its own funds to purchase stocks to obtain additional financial income without affecting the normal development of the company's main business. The planned investment varieties include subscribing for new stocks on the Northern Stock Exchange, buying and selling stocks freely on the secondary market, and reverse repos of government bonds. The total investment principal in stocks, government bond repos, and new stock subscriptions purchased at any time point shall not exceed 180 million yuan. LeTV.com also announced a detailed "stock speculation plan". Among them, the total market value of stocks freely bought and sold on the secondary market shall not exceed 30 million yuan, and the proportion of buying bank stocks shall not be less than 50%, while the proportion of buying the Shanghai and Shenzhen 300 Index constituent stocks shall not be less than 80%. The total amount of participating in the subscription of new stocks on the Northern Stock Exchange and reverse repos of government bonds shall not be less than 1.5 billion yuan. This is the second time this year that LeTV.com has announced investment in stocks. By 2024, LeTV.com's total liabilities further increased to 23.763 billion yuan, while the company's assets were only 1.855 billion yuan during the same period.
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