(Yicai Global) Jan. 17 -- The financially-troubled Leshi Internet Information & Technology (Beijing) Co. is expected to end its nine-month long stock market trading suspension in the next two weeks. It will be renamed as "New Leshi" when it resumes trading, an insider suggested yesterday. However, the company has yet to confirm it.

"It's not clear when exactly the trading will resume. We are all waiting now. We are preparing to discuss it with the regulator, and we are definitely cooperating on this matter," the insider told Yicai Global.

Leshi suspended trading last April on the grounds of reorganization of Le Vision Pictures (Beijing) Co., a subsidiary of LeEco, which has far surpassed the six-month suspension limit set by the China Securities Regulatory Commission on major restructuring issues. The group is beset by debt repayment problems.

During the suspension of Leshi, founder Jia Yueting resigned as the company's chairman and went to the US. Sun Hongbin, chairman of Sunac China Holdings Ltd. [HK: 1918] took the helm. Sun invested CNY15 billion (USD2.3 billion) in LeEco early last year and is currently the second-largest shareholder of Leshi. The company's largest shareholder is still Jia, but his assets have been frozen.

Sun has been trying to detach the company from Jia since he took over the role of board chairman, by appointing Sunac China veterans to top positions at Leshi, including new general manager Liu Shuqing. Sun also plans to change the name of the company to New Leshi Information & Technology Corp., Beijing, and said that in the future the company will focus on home-entertainment business with TV as the core.

Leshi's share price at the time of suspension on April 14, 2017, was CNY15.33 per share. The company reported a net loss of CNY1.65 billion in the first three quarters of last year. In November, public funds lowered Leshi's valuation to CNY7.82 per share, with the lowest at only CNY3.91 per share.