The Shenzhen Stock Exchange has terminated the listing of Le.com, a company founded by the debt-ridden Jia Yueting.
Faraday Future's (FF) Global Partners Team recently released an open letter to its creditors, hoping they could vote in support of founder Jia Yueting’s bankruptcy and restructuring.
LeEco founder Jia Yueting is welcoming his second white knight after investments by Sun Hongbin, billionaire real estate developer and the founder and chairman of Sunac China Holdings. This white knight came with 300 million U.S. dollars in hand.
The Beijing Securities Regulatory Bureau released an announcement on December 25 that former LeEco chairman YT Jia must return to China by December 31. Jia is required to fulfill his duty as LeEco's actual controller to deal with LeEco's risks and protect investors' rights and interests.