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LeEco Seeks to Sell Property Assets as Cash Crunch Continues

Apr 21, 2017 / Money /

LeEco is seeking to sell a prime piece of real estate in Beijing's Sanlitun entertainment district, the Shimao Gongsan, that it bought in 2016 for US$420 million, according to Reuters. Read More

TCB In RMB: Le Eco Woes, Gu Crows, CAA & IMAX Grow

Apr 21, 2017 / Money /

Premiere Age’s market capitalization stood at RMB 602 million ($87 million) at Thursday's close, meaning the company is poised to reap a 3168.99% premium from its sale to Great Wall Movie And Television. Fifth Generation director/cinematographer Gu Changwei and his actress-wife, Jiang Wenli stand to cash out some RMB 800 million ($116 million) through the deal. Read More

Is US$2.4 Billion Enough to Redeem Cash-Strapped LeEco?

Jan 19, 2017 / News /

China real estate titan Sunac China Holdings Ltd. will become LeEco's second-largest shareholder after leading RMB 16.8 billion (US$2.4 billion) in fresh funding. Read More

LeEco Seeks to Sell Property Assets as Cash Crunch Continues

TCB In RMB: Le Eco Woes, Gu Crows, CAA & IMAX Grow

Is US$2.4 Billion Enough to Redeem Cash-Strapped LeEco?

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