What's the matter with LETV's suspension today? On April 26, it was reported that LETV's 2018 annual report was finally released, and the net assets of LETV attributable to the shareholders of the parent company were only -3.026 billion yuan. At the same time, LETV announced today that the company's shares will be suspended from the opening of the market today, and Shenzhen Stock Exchange will make a decision on whether to suspend the listing of the company's shares within 15 trading days after the suspension. Let's learn more about the details of the suspension today.
Previously, LETV released an announcement on the evening of April 19 to disclose the progress of audit work in 2018. LETV said that according to the Listing Rules of gem (November 18, 2018), the audit work of LETV was carried out in accordance with the rules (revised in May) if the company touches the relevant provisions that 'the financial and accounting report of the most recent year shows that the audited net assets at the end of the year are negative' or 'the financial and accounting reports of the most recent two years have been issued by the certified public accountant with negative or unable to express opinions', the listing of the company's shares will be suspended and trading will be suspended from April 26.
Today, LETV officially released its 2018 annual report. The data show that LETV is still in a state of loss in 2018 and has officially entered the stage of suspending the listing of shares.