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Letv. Com rose in 13 trading days after it was transferred to the third board, with an increase of more than 70%.
On July 20th, 2020, LeTV, founded by Jia Yueting, announced that 2 1 was delisted by Shenzhen Stock Exchange. At this point, LeTV has ended its listing trip for nearly 10 years and officially delisted. Letv's closing price was fixed at 0. 18 yuan, and the market value of Letv, which once broke through160 billion yuan, was only 718 million yuan.

Since February 3rd this year, LeTV has transferred its shares in the Third Board in the form of call auction (the so-called Third Board includes the "two-network shares" delisted from the original two legal person stock markets and the "delisted shares" delisted from the main board market).

The last time LeTV caused a heated discussion was on the eve of the Spring Festival. The LeTV video APP was revised, and the LOGO was marked with the words "arrears122 billion". On February 8, Andy, the new CEO of New LeTV, responded, "This is not a special plan, just a coincidence. Letv video is still heavily in debt, and suddenly I feel that I can use this to laugh at myself. Letv also announced that the replacement of LOGO icon by Letv Video APP is the company's Spring Festival promotion.

"Since 20 18, the company has never owed a penny, whether it is LeTV Video or Lerong Innovation, whether it is a supplier or an employee." In addition, Andy also revealed that Lerong Zhixin sold 400,000-500,000 TV sets last year, and through cost reduction measures (50% layoffs last year), the company was able to barely maintain its operations. At present, there are about 240-250 people in Lerong Zhixin, and now there are about 200 people in LeTV, a total of about 450 people.

Regarding the debt problem, Andy said that "65.438+0.22 billion" is just self-mockery, and "65.438+0.22 billion" is really not the exact amount owed by LeTV, because LeTV is still listed on the Third Board, and the specific amount owed should be subject to the annual report published by LeTV. According to the announcement issued by LeTV on February 7, as of September 30, 2020, the net assets of LeTV were about-153 billion.