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LOVEVIEW: No cash due to major shareholders and their affiliates'Debt Solutions

via:CnBeta     time:2019/9/5 8:00:55     readed:249

On August 30, Faraday's future global official statement said that Jia Yueting had repaid more than $3 billion of domestic debt in the past two years in various ways, and that the Debt Repayment Trust Fund was established to solve the debt problem as soon as possible and thoroughly.

According to the LeTV announcement, as at June 30, 2019, notes payable and accounts payable within the scope of the consolidated statements of listed companies were 3.203 billion yuan, mainly due to suppliers and service providers. The total amount of long-term and short-term loans within the scope of the consolidated statements of listed companies is 555 million yuan, and other current liabilities are 3.304 billion yuan, which are mainly generated by the company borrowing from financial institutions and non-financial enterprises.

LeTV also announced that so far, the company has not repaid Tianjin Jiarui November 2017 loan and financing Real Estate to advance the principal and interest of China Pacific Chuangying loan.

Related articles:

Faraday will respond to Jia Yueting's departure as CEO: top-level governance structure change has entered the implementation stage.

Jia Yueting resigns as FF CEO and Baiteng's former CEO Bi Fukang takes over

Jia Yueting: the reason why I gave up everything was to make FF pay off my debts as soon as possible.

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