LeEco facing the pressure of creditors and partners
Just a few days ago we reported that LeEco is not enough recent investments to exit the crisis, as it became known that the company has formed new challenges.
The source reports that there were increasing pressures from creditors and business partners LeEco. In addition, the court in Shanghai arrested some of the assets of the Chinese giant because of overdue payments on loans.
In particular, the court asked the Bank China Merchants Bank, who accused the leview Mobile HK Limited (subsidiary company LeEco) in delayed payments. In the end, the court sided with the plaintiff and seized the property of the company in the amount of 182 million dollars.
One of the subsidiaries Foxconn got rid of a 20 percent stake in the television business LeEco. Also, the Chinese operator China Mobile is putting pressure on the company due to overdue payments. In addition, Compal Electronics has reduced the supply of components for LeEco and have frozen their plans regarding the purchase of shares of Leshi Zhixin. All this is clearly not the best way affects the company and it is unclear whether it will come out of the crisis.