Leshi Zhixin Electronic Technology (Tianjin) Co., Ltd. (also known as LeTV Zhixin ) is a Chinese television manufacturer which was a subsidiary of Le.com (aka LeTV). In 2017 Sunac China bought a part of Leshi Zhixin's stake, as well as subscription of new shares. Other new investors of the company were Huaxia Life Insurance (1.1310%) and a private equity fund LeRan Investment.
8-598: The company produced TV that branded "Leshi SuperTV". In late 2015, it was announced that Leshi Zhixin would bought the new shares of TCL Multimedia for HK$ 2.27 billion (HK$ 6.5 per share), a subsidiary of TCL Corporation . On 11 May 2016, the deal was completed, which Leshi Zhixin holds the stake via Hong Kong incorporated subsidiary Letv ZhiXin Investment (HK) Limited . On 13 January 2017 Sunac China (via Tianjin Jiarui Huixi ( Chinese : 天津嘉睿汇鑫企业管理 ),
16-522: A fund for employee ownership), for CN¥2.302 billion and CN¥2.648 billion respectively. After the transaction, Leshi Zhixin would issue 10% new shares to Tianjin Jiarui for an additional CN¥3 billion (share capital and share premium combined). After the deals, Le.com would still be the largest shareholder but for 40.3118% only, it was followed by Tianjin Jiarui for 33.4959% and Leshi Holding Beijing for 18.3805%; Xinle would owned just 1.9777% as
24-559: A subscription agreement in 2017. A proposed name change of the company was also announced in the same year. The name was changed from TCL Multimedia to TCL Electronics. TCL has set up production and marketing systems in dozens of countries and regions worldwide. It manages seven global R&D centers, 17 manufacturing bases, and 40,000 sales outlets. The company has four supply chains: product design and manufacturing, logistics and supply, quality assurance, and product creation and support. This Chinese corporation or company article
32-546: A subsidiary of Tianjin Yingrui Huixi ( Chinese : 天津盈瑞汇鑫企业管理 ), which Sunac China had a contract with Tianjin Yingrui Huixi that Sunac China used Tianjin Yingrui Huixi as a proxy to invest in China in order to bypass the law on restriction on foreign investment) acquired part of the stake of Leshi Zhixin from Le.com and a minority shareholder, private equity fund Xinle Asset Management Tianjin ( Chinese : 鑫乐资产管理(天津) ,
40-677: Is a Hong kong company headquartered and listed in Hong Kong , but incorporated in the Grand Cayman , the Cayman Islands . It manufactures televisions and other consumer electronics . It is a subsidiary of TCL Industries Holdings, a company which itself is a subsidiary of TCL Technology . TCL Electronics was the consumer electronic arm of TCL Corporation . It had a joint venture in Argentina , which TCL Multimedia changed to
48-544: The company was renamed to Xīn Lèshì Zhìjiā ( Chinese : 新乐视智家电子科技（天津）有限公司 ; lit. 'New Leshi Smart Home Electronic Technology (Tianjin) Co.', 'Ltd.'). According to National Enterprise Credit Information Publicity System, as at 20 December 2016, Leshi Holding Beijing, a private company owned by the chairman of Le.com, had pledged all their Leshi Zhixin stake to China Minsheng Trust . TCL Multimedia TCL Electronics Holdings Limited , formerly known as TCL Multimedia Technology Holdings Limited ,
56-519: The deal, Tianjin Jiarui has rights to nominate one out of three directors of Leshi Zhixin. In February 2017 Le.com formed an agreement with a supplier Truly International Holdings ( SEHK : 732 ) for capital increase. Truly would own 2.3438% stake in Leshi Zhixin for CN¥720 million. However, after a legal mediation the new agreement was for Truly to own 2.6667% at the initial partial investment amount of RMB240 million. In December 2017,
64-404: The fifth largest shareholder, as well as 5.86% would be owned by the others, including two new investors: private equity fund Ningbo Hangzhou Bay New District LeRan Investment Management ( Chinese : 宁波杭州湾新区乐然投资管理 ) for 4.0434% stake and Hua Insurance for 1.1310% stake. LeRan Investment and Hua Insurance bought the stakes for CN¥1.43 billion and CN¥400 million respectively. As part of
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