(Yicai Global) June 22 -- Shares of Leshi Internet Information and Technology, the listed arm of Jia Yueting's embattled LeEco conglomerate, climbed after the company said its debt problem has been partly solved and it plans to release new products.

Leshi [SHA:300104] gained 3 percent to close at CNY3.41 (USD0.53) a share, after earlier surging more than 7 percent. The stock has lost about 90 percent of its value in the past three years.

The Beijing-based company has solved some debt issues and is in talks to repay loans that fall due in July and August, Chief Finance Officer Zhang Wei told a general meeting of shareholders today.

A video-streaming provider that also turns out internet-connected televisions, Leshi said it will release a new generation of TV sets in the second half of this year. To reactivate the company's core business, the firm's management is making every effort to restore the service and content advantages that its Super TV offers.

Leshi will also introduce high-quality content from third parties such as Tencent Video and Mango TV, Chairman Liu Shuqing said. Leshi penned deals with internet companies including Tencent Holdings and JD.Com in the first half. The three parties are still working on their collaboration, she added.

Liu also clarified Leshi's development plan, which focuses on customer service, capital and products. To achieve its goals, the company will seek cooperation with other content providers, negotiate loan extensions, enhance product capabilities and explore new business models, Liu added.

Editor: Martyn Cartwright