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Reports suggest Sunac acquires 8.61pc stake in LeEco’s Le video streaming business for 6.04bn yuan, as well as a 15pc stake in film production unit Le Vision Pictures for 1.05bn yuan
The suit is the latest sign that LeEco’s survival hinges on moving from one creditor’s claim to another
(Beijing) — A smartphone-component maker has become the first company to take legal action in an effort to collect unpaid bills from cash-strapped LeEco, setting the stage for a potential run on LeEco by other worried creditors.