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China Music Video (300104.SZ), which has been suspended for more than nine months, will be one of the most talked-about investors in the near term as it will respond to the plunge after the resumption of trading. At the investor briefing held on Tuesday, LeTV said that Sunac China (1918.HK), the company's second largest shareholder, has yet to express any further intention to increase its holdings.

The company further added that at present, its largest shareholder Jiayue Ting did not express their rights to dispose of the music station equity held nor did they not hold the pledged shares held by the pledged institutions to pay up margin. If due to the decline in stock prices, Jiayue Ting did not make up for the margin, the music the pledge of equity equity, will be pledged institutions in accordance with the terms of the agreement to be disposed of.

LeTV network in recent years a major decline in the main business, has recently been a number of raised funds to lower the target price, the market is generally expected to resume trading after the stock price will plunge. Earlier it was reported that the company may resume trading Thursday (on the 25th).

Sun Hongbin, chairman of Sunac China, a high-profile shareholder at the beginning of last year, has been soft-spoken. He said at the briefing that "sometimes people dare to call the sun and the moon for a new day, and sometimes also want to lose gambling."

He said that while the stake in the music associated with the network transaction, but the fault is that the debt owed to listed companies related parties can not be effectively repay.

LeTV announced on Friday night that Jiayue Ting formed a large number of receivables of listed companies through related transactions through LeTV Holdings and other affiliated companies within the LeTV system under its control. As of the end of November 2017, the balance of related-party arrears to listed companies reached RMB7,753 million.

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