Overview
- LeTV announced it will deploy up to 180 million yuan of its own cash into Beijing Stock Exchange new‑share subscriptions, secondary‑market equities, and treasury reverse repos.
- The firm said at least 150 million yuan will be allocated to new‑share subscriptions and reverse repos, characterizing the approach as yield management rather than speculative trading.
- Equity exposure is capped at a market value of 30 million yuan with constraints that at least 80% be in CSI 300 constituents and at least 50% in bank stocks.
- LeTV remains heavily indebted, with reported liabilities around 237–238 billion yuan and assets far lower after its 2020 delisting and subsequent regulatory fines for past accounting fraud.
- This is the second such plan in 2025 after an April cap of 50 million yuan, and the company says that after reserving operating liquidity its debt repayment capacity would be no higher than 1.5%.