A worker installs the logo of LeEco, formerly known as Leshi or LeTV, in preparation for the 2016 International Consumer Electronics Show Asia (CES Asia 2016) in Shanghai on 10 May 2016. Photo: ImagineChinaA worker installs the logo of LeEco, formerly known as Leshi or LeTV, in preparation for the 2016 International Consumer Electronics Show Asia (CES Asia 2016) in Shanghai on 10 May 2016. Photo: ImagineChina
A worker installs the logo of LeEco, formerly known as Leshi or LeTV, in preparation for the 2016 International Consumer Electronics Show Asia (CES Asia 2016) in Shanghai on 10 May 2016. Photo: ImagineChina

Enough! LeEco’s white knight admits defeat, refuses any more funding for troubled group

Investors should brace themselves for further losses as Leshi will resume trading on Thursday with mutual fund managers already marking down the stock price by 74 per cent. 

Topic |   Mergers & Acquisitions
A worker installs the logo of LeEco, formerly known as Leshi or LeTV, in preparation for the 2016 International Consumer Electronics Show Asia (CES Asia 2016) in Shanghai on 10 May 2016. Photo: ImagineChinaA worker installs the logo of LeEco, formerly known as Leshi or LeTV, in preparation for the 2016 International Consumer Electronics Show Asia (CES Asia 2016) in Shanghai on 10 May 2016. Photo: ImagineChina
A worker installs the logo of LeEco, formerly known as Leshi or LeTV, in preparation for the 2016 International Consumer Electronics Show Asia (CES Asia 2016) in Shanghai on 10 May 2016. Photo: ImagineChina
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