LeEco Shares Suspended Ahead of Restructuring

Shares in Le Shi Internet and Technology, one of the key companies in China’s financially-troubled LeEco cluster of linked entertainment and technology firms, were suspended on Monday.

In a statement the company said that trading of the counter on the Shenzhen stock market would remain halted until it made a unveiled a restructuring that would involve “major adjustments.” The company expects to detail the changes on Wednesday, along with publication of its overdue set of 2016 financial results.

Headed by Jia Yueting, Le Shi revealed in October last year that the group had run into financial difficulties as a result of over-rapid expansion.

Since that time it has raised new financing and halted some ventures. Last week it confirmed that it would not be going ahead with the $2 billion acquisition of U.S. smart television set manufacturer, Vizio.

More Biz

  • Sirius Logo

    SiriusXM Responds to Artists’ Letter Threatening Boycott

    Shares in Le Shi Internet and Technology, one of the key companies in China’s financially-troubled LeEco cluster of linked entertainment and technology firms, were suspended on Monday. In a statement the company said that trading of the counter on the Shenzhen stock market would remain halted until it made a unveiled a restructuring that would involve […]

  • Joe Ianniello

    CBS CEO Ianniello: Workplace Culture is 'A Personal Commitment of Mine'

    Shares in Le Shi Internet and Technology, one of the key companies in China’s financially-troubled LeEco cluster of linked entertainment and technology firms, were suspended on Monday. In a statement the company said that trading of the counter on the Shenzhen stock market would remain halted until it made a unveiled a restructuring that would involve […]

  • Josh Roth dead

    UTA Fine Arts Head Josh Roth Dies at 40

    Shares in Le Shi Internet and Technology, one of the key companies in China’s financially-troubled LeEco cluster of linked entertainment and technology firms, were suspended on Monday. In a statement the company said that trading of the counter on the Shenzhen stock market would remain halted until it made a unveiled a restructuring that would involve […]

  • IMAGE DISTRIBUTED FOR PARKWOOD ENTERTAINMENT -

    Beyonce to Perform at City of Hope Gala

    Shares in Le Shi Internet and Technology, one of the key companies in China’s financially-troubled LeEco cluster of linked entertainment and technology firms, were suspended on Monday. In a statement the company said that trading of the counter on the Shenzhen stock market would remain halted until it made a unveiled a restructuring that would involve […]

  • This, photo shows the 21st Century

    Viet Dinh Named Chief Legal and Policy Officer for 21st Century Fox Post-Disney Sale

    Shares in Le Shi Internet and Technology, one of the key companies in China’s financially-troubled LeEco cluster of linked entertainment and technology firms, were suspended on Monday. In a statement the company said that trading of the counter on the Shenzhen stock market would remain halted until it made a unveiled a restructuring that would involve […]

  • Spotify logo is presented on a

    Spotify to Launch in Middle East and North Africa in November (Report)

    Shares in Le Shi Internet and Technology, one of the key companies in China’s financially-troubled LeEco cluster of linked entertainment and technology firms, were suspended on Monday. In a statement the company said that trading of the counter on the Shenzhen stock market would remain halted until it made a unveiled a restructuring that would involve […]

  • LG UltraWide

    Why It’s Time for UltraWide

    Shares in Le Shi Internet and Technology, one of the key companies in China’s financially-troubled LeEco cluster of linked entertainment and technology firms, were suspended on Monday. In a statement the company said that trading of the counter on the Shenzhen stock market would remain halted until it made a unveiled a restructuring that would involve […]

More From Our Brands

Access exclusive content