(Reuters) – The main listed unit of Chinese technology conglomerate LeEco said on Sunday that it plans to buy investment and financial service assets from an affiliate for up to 3 billion yuan ($455.24 million) as part of a restructuring exercise.
Leshi Internet Information & Technology, a video content company, said in a filing it would have the assets transferred from Leshi Investment Management (Beijing) Limited for no more than 3 billion yuan. [bit.ly/2wfwECT]
Leshi said the move, a financial arrangement between the listed company and its affiliate, fits its strategy and would help it provide internet finance to Leshis users.
Leshi Investment Management is LeEcos finance arm with businesses in online payment, online transaction and…