Leshi Internet Information & Technology Corp.’s shareholders installed new members to their company’s management board on Monday, trying to sever founder Jia Yueting’s management involvement or boardroom control of the cash-starved video streaming service.
Sun Hongbin, the Shanxi tycoon who poured 15 billion yuan (US$2.2 billion) to bail out Jia’s LeEco group of companies, is very likely to appoint as chairman of Leshi’s board, according to a shareholder who…
Source : South China Morning Post
Read more…Leshi picks new board without its founder, as picketing debtors disrupt shareholders’ meeting















