Posted inChinaChongqingTianjin

LeTV and subsidiary borrow US$270 Mln to survive debt crisis

Le.com, also known as LeTV, said in an announcement on Monday that the company and its subsidiary, Leshi Zhixin, a television manufacturer, have borrowed 1.79 billion yuan (US$270 million) from Tianjin Jiarui, Caixin reported. Tianjin Jiarui, a subsidiary of real estate developer Sunac China, is the second largest shareholder of Leshi Zhixin, holding a 33.5% […]