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On the evening of October 26th, LeTV issued a clarification statement in response to recent media reports that suggested the company was about to introduce new investors. Some outlets claimed that Wanda Group and Evergrande had joined forces to support LeTV, with rumors circulating that the news would be officially announced soon. The reports cited sources stating, “It has been learned that LeTV.com (300104) has found new investors,†and “Two major Chinese real estate developers—Evergrande and Wanda—are set to join LeTV, and the investor introduction will be announced shortly.â€
In its official statement, LeTV emphasized that these media reports could lead to misunderstandings among investors, making them believe that a strategic investor had already been secured. To address this, the company clarified that no substantial progress had been made on the introduction of any new investors, nor had any institution or individual been formally involved. As such, there is no truth to the claims that a new investor has been found, nor have shares of Evergrande or Wanda been acquired by LeTV.
LeTV reiterated its commitment to transparency and urged investors to rely on official announcements rather than unverified news. The company also reminded the public that any future developments regarding investment would be disclosed through proper channels. This clarification comes at a time when market speculation around LeTV’s financial status has been increasing, and the company aims to provide clear and accurate information to prevent further confusion.