Leshi sees debts to mature

Source: Xinhua | 2018-02-05

LESHI Internet Information and Technology, the listed arm of technology company LeEco, expects 5.62 billion yuan (US$893.7 million) of debts to mature this year.

The debts were only a part of the company’s total unpaid liabilities from financing and loans worth 9.29 billion yuan as of the end of last year, said a Leshi statement.

“If the company’s business volume fails to rebound to the previous level, the cash flow will tighten further, which will put us under pressure to repay the debts,” Leshi said.