Jia Yueting 120 million LETV shares

According to Alibaba auction website, about 120 million shares of LETV information technology (Beijing) Co., Ltd. held by Jia Yueting will be publicly auctioned on Alibaba auction platform on September 11, 2021. The shares are divided into six auction targets and will be auctioned at 10:00 on the same day. At the same time, a total of 20 million shares of LETV held by his brother Jia Yuemin will be auctioned, and a total of 140 million shares of LETV will be auctioned.

Image source: screenshot of Alibaba auction website

On July 21, 2020, LETV was delisted and terminated its listing, and then transferred to the National SME share transfer system for share transfer.

Tianyancha information shows that Jia Yueting holds about 898 million shares among the top ten shareholders of LETV information technology (Beijing) Co., Ltd., accounting for 22.52% of the total share capital; His brother Jia Yuemin holds about 24513400 shares, accounting for 0.61% of the total share capital.

Recently, Lerong building, formerly known as LETV building, will be auctioned at Ali auction at a starting price of 570 million yuan. Previously, the building had a judicial auction in 2019, with a starting price of 678 million yuan, but it was stopped because “outsiders raised objections to the auction property”.

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