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BEIJING Graham Glasgow Womens Jersey , Jan. 30 (Xinhua) -- Leshi Internet Information and Technology, the listed arm of technology conglomerate LeEco, expects about 11.6 billion yuan (1.84 billion U.S. dollars) in net losses last year.


The net loss for 2017 includes operation loss, bad debt provision for account receivable and provision for impairment of long-term assets, the Shenzhen-listed firm said in a statement Tuesday.


Leshi attributed its operation loss to the financial strain of related parties Michael Roberts Womens Jersey , liquidity issues, shrinking advertisement revenue and rising financing costs.


The company saw its shares plummet by the daily limit of 10 percent for five consecutive days since it restarted trading last week.


The plunge came after a suspension from April last year when the company said in a filing on the Shenzhen Stock Exchange that it was contemplating capital restructuring.


The planned deal to acquire a film arm from the troubled LeEco was finally dropped due to LeEco's financial woes.


The company warned investors of risks in light of its current operation.




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The Court of Arbitration for Sport (CAS) on Friday rejected Jeonbuk Motors' appeal for provisional measures to allow the club defend their Asian Champions League title following the South Korean side's involvement in a 2013 bribery scandal.


The Asian Football Confederation said last month that the Entry Control Body, a judicial independent body, had disqualified Jeonbuk from the continent's premier club competition this season.


"At this stage, the challenged decision remains in force and the Korean club remains ineligible to participate in the AFC Champions League 2017 Marvin Jones Jr Womens Jersey ," CAS said in a statement.


Jeonbuk were docked nine points and fined $91,000 by the K League's disciplinary committee in September for payments a club scout made to referees in 2013.


The club, who finished second in the K League Classic last season, were crowned champions of Asia in November after sealing a 3-2 aggregate victory over United Arab Emirates' side Al Ain.


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