Fate is over? Ruida Futures Co.Ltd(002961) suddenly abandoned the purchase of Wangxin securities. What happened just after the completion of the due diligence? The share price once soared

The head futures company's plan to reverse acquire securities companies was temporarily blocked.

on December 24, Ruida Futures Co.Ltd(002961) announced that according to the results of the company's due diligence on wechat securities, after careful evaluation, it decided not to participate in the public recruitment and selection of investors in the bankruptcy reorganization of wechat securities. So far, the fate between Ruida Futures Co.Ltd(002961) and Wangxin securities ended abruptly after less than half a year.

Since the beginning of listing, Ruida Futures Co.Ltd(002961) has been committed to building an all-round modern comprehensive financial service enterprise. From applying for public offering license to now, if you want to integrate brokerage resources, this private futures company has pushed a number of strategic layouts. In the context of the great development of the futures industry, this year's Ruida Futures Co.Ltd(002961) performance is outstanding, and the stock price performance is also better than the market.

official announcement of withdrawal from bankruptcy reorganization of wechat securities

Ruida Futures Co.Ltd(002961) said that the company participated in the public recruitment and selection of bankruptcy reorganization investors of Wangxin securities and passed the preliminary screening of bankruptcy reorganization investors. Recently, the company has carried out due diligence on Wangxin securities as required and actively cooperated with the manager in the reverse due diligence. At present, the two-way due diligence has been basically completed.

According to the results of the company's due diligence on wechat securities, after careful evaluation, the company decided not to participate in the public recruitment and selection of investors in the bankruptcy reorganization of wechat securities, and sent the communication letter on terminating the public recruitment and selection of investors in the bankruptcy reorganization of wechat securities to the manager. Ruida Futures Co.Ltd(002961) also said that the public recruitment and selection of investors applying to withdraw from the bankruptcy reorganization of wechat securities will not have an adverse impact on the normal development of the company's existing business and production and operation.

In late September, Ruida Futures Co.Ltd(002961) previously issued an announcement on the recruitment of investors participating in the bankruptcy reorganization of wechat securities. Ruida Futures Co.Ltd(002961) at that time, it said that the company was committed to becoming an all-round modern comprehensive financial service enterprise with international competitiveness. The purpose of participating in the bankruptcy reorganization of wechat securities was to effectively integrate the business resources of securities companies and futures companies, give play to synergy and meet the diversified needs of different customers, Provide customers with comprehensive financial services such as risk management and wealth management.

On July 16 this year, Shenyang intermediate people's court ruled on the reorganization of Wangxin securities according to law, and appointed Guohao law firm (Beijing) and Beijing Deheng Law firm to jointly act as the manager of Wangxin securities on July 28. The manager publicly recruits reorganization investors in accordance with the enterprise bankruptcy law of the people's Republic of China and relevant laws and regulations.

Wangxin securities was established on April 21, 1988, formerly known as Shenyang treasury bill circulation service company, and renamed Shenyang Finance Securities Company in the same year. On November 30, 2015, it was renamed as Wangxin Securities Co., Ltd., with a registered capital of 500 million yuan. At present, United Venture Group Co., Ltd. holds 55.61% equity of Wangxin securities and is the controlling shareholder. Shenyang Shengjing financial holding Investment Group Co., Ltd. holds 42.29% of the equity of Wangxin securities, and Shenyang Hengxin Leasing Co., Ltd. holds 2.10% of the equity of Wangxin securities.

multiple plans promote the recovery of stock price

On September 7, Ruida Futures Co.Ltd(002961) answered investors' questions about "will you buy a securities company?" Your questions. Ruida said that the company's development goal is to strive to become a professional financial service enterprise group with international competitiveness in the next five to eight years. According to the development goal, the company will actively seek suitable targets in the future and start acquisitions when the time is ripe.

As early as the planning of A-share listing, Ruida Futures Co.Ltd(002961) has a clear plan for future development: "Futures companies should strive to meet the growing demand for comprehensive financial services of the real economy and society, form a diversified and all-round business development pattern based on the brokerage business covering futures and other financial industries, guided by the investment consulting business, and with the asset management business and risk management business as the two wings, build the company into a professional financial service enterprise, and gradually expand to include dealers The transformation of modern comprehensive financial service enterprises, including banking, so as to realize the development vision of "professional risk management and excellent financial services."

Around this goal, Ruida Futures Co.Ltd(002961) has continuously made a number of strategic layouts. In October 2019, Ruida fund was approved and officially established in March of the next year. In June this year, Ruida Fund issued the first hybrid product "Ruida industry rotation" and the second product "Ruida Xinhong quantitative 6-month hybrid" in July.

According to the third quarterly report of Ruida Futures Co.Ltd(002961) , the company's total operating revenue in the first three quarters of this year was 1.653 billion yuan, a year-on-year increase of 116.04%; The net profit was 370 million yuan, a year-on-year increase of 181.23%. According to the classified evaluation results of futures companies released in October, Ruida Futures Co.Ltd(002961) rating rose to class a AA from class a last year, becoming the only company upgraded at the same level.

The company's semi annual report has a more detailed description of the future plan. For the most powerful asset management business of the company, Ruida Futures Co.Ltd(002961) said that the company strives to be the leader of CTA (managed futures), and takes the newly opened public fund as an opportunity to implement the business strategy of "two ends go hand in hand" and coordinated development of public offering and private placement business. Seize market opportunities, vigorously develop all kinds of products focusing on active management, and constantly improve product sales and trading capacity.

Specific measures include enriching the types of products, continuing to maintain the advantages of the company's futures asset management products, and expanding the types of asset management products to include fixed income, equity, comprehensive and CTA (managed futures) fof to meet the financial needs of different investors; Accelerate the research on public fund products, and strive to report more public funds (including commodity ETF index funds) to the regulatory authorities.

from the stock price performance, Ruida Futures Co.Ltd(002961) rose continuously after the end of July, with a maximum increase of 58%. However, after October, the stock price fluctuated and adjusted. At present, the latest closing price is 24.71 yuan / share, and the latest market value is 11 billion yuan.

(brokerage China)

 

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