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On the evening of October 26th, LeTV released an official clarification statement in response to recent media reports. The company became aware of several articles circulating online, which claimed that LeTV is about to introduce new investors, with Wanda Group and Evergrande Group potentially joining forces with the company. One report stated, “It has been learned from sources that LeTV.com (300104) has found new investors.†Another mentioned, “Two well-known Chinese real estate developers—Evergrande Group and Wanda Group—are expected to join LeTV (300104.SZ), and news regarding the introduction of new investors will be announced soon.â€
In its statement, LeTV emphasized that the media’s references to “finding a new investor†or “introducing an investor†could lead to confusion among shareholders, making them believe that the company has already secured a strategic investor. To address this, the company made it clear that there has been no substantial progress on the matter of introducing new investors, nor has any institution or individual been confirmed as a potential investor. As such, the reports suggesting that a new investor has been found or that shares of Evergrande or Wanda have been acquired are inaccurate and misleading.
LeTV urged investors to rely only on official announcements and to remain cautious of unverified news. The company reiterated its commitment to transparency and said it would continue to provide updates through proper channels as developments arise. This clarification comes amid growing speculation about LeTV's financial situation and its future strategy, highlighting the importance of accurate and timely communication in maintaining market confidence.