[Global Scientific Report] According to foreign media reports on March 29th, one of LeTV's suppliers, Compal Electronics Co., Ltd. of Taiwan announced that it had purchased 700 million shares of Levision subsidiary LeTV Information Technology Co., Ltd. LeTV’s new share capital is 2.15%.
LeTV New is engaged in the development of intelligent network TV and other video products and services. Compal's capital injection will provide LeTV with the necessary funds to help it cope with the recent financial difficulties.
In addition, Compal is still one of LeTV’s creditors, but LeTV’s spokesperson said that there is no connection between debt and capital injection, and LeTV has formulated a repayment plan in advance.
According to the report, it is very rare for suppliers to become investors, but this is not the first time that LeTV has received investment from suppliers. Last month, Hong Kong Truly International invested 720 million yuan in its subsidiaries. (Internship Compilation: White Bowen Reviewer: Li Zongze)
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