Leshi Internet Halts Share Trading Amid Restructuring Review

Leshi Internet Information & Technology Corp., the online video service founded by billionaire Jia Yueting, said it will suspend trading today pending review of a restructuring plan.

Leshi will hold a meeting soon to review a revised restructuring plan with “major adjustments,” according to a statement to Shenzhen Stock Exchange Sunday. The company said it expects to release the plan with 2016 earnings, which are scheduled to be announced April 19.