(Yicai Global) Feb. 23 -- Shares of Leshi Internet Information and Technology Corp. climbed for a second consecutive day on speculation that the cash-strapped listed arm of Jia Yueting's embattled LeEco tech empire will release positive news during an extraordinary general meeting scheduled for today.

The firm's stock [SHE:300104] rose 8.85 percent to close at CNY5.29 (USD0.84). It gained by the daily limit of 10 percent yesterday, the first trading day after the Chinese New Year holidays. Today's gain outstripped the Shenzhen Component Index, which rose 0.04 percent to 10,662.79.

Leshi Internet and its array of affiliates have been struggling to make ends meet since last year. On Jan. 31, the Beijing-based company forecast a USD1.8 billion loss for 2017, the biggest for a private A-share company in over a decade. Founder Jia resigned as the firm's chairman in July and headed to the US, leaving Sun Hongbin, chairman of major property developer and key investor Sunac China Holdings Ltd., to take the reins.

Jia said early last month that he was entrusting his wife and brother with handling, as he termed it, the "debt crisis" at Leshi Internet. It was his first public statement after the Beijing branch of the securities regulator ordered him back to China before Dec. 31. He did not return.