Tuesday, 4 July 2017

LeEco Founder's Assets, Shares Frozen Over Missed Interest Payment


A court in Shanghai froze nearly $181 million in assets and an additional $2.3 billion worth of shares in a listed unit partially owned by LeEco Holdings founder Jia Yueting after the unit missed an interest payment, deepening the firm’s financial distress.
http://on.wsj.com/2uHxR4m

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