The bank is "selling off" the trust of "stepping on thunder" before.
Recently, China Minsheng Banking Corp.Ltd(600016) auctioned in Alibaba to attract investment for the beneficial rights of three trust products, all involving the listed company Tus Environmental Science And Technology Development Co.Ltd(000826) ( Tus Environmental Science And Technology Development Co.Ltd(000826) . SZ), with a total principal balance of 728 million yuan.
The names of the three products are: "guoxintong trust · Huitong No. 1 collective fund trust plan" (hereinafter referred to as "Huitong No. 1"), the "Yuecai trust · Minjing No. 1 single fund trust" (hereinafter referred to as "Minjing No. 1"), and the "Zhongyuan trust · asset management plan investment (phase II) single fund trust" (hereinafter referred to as "Zhongyuan trust asset management phase II").
China Minsheng Banking Corp.Ltd(600016) relevant contacts told the interface news reporter: "we bought the products with our own funds. The products were established in 2017 with a term of two years, and large-scale breach of contract after expiration in 2019."
The asset profile shows that as of February 21, 2022, due to the investment in the trust plan share, the principal balance of the trust fund corresponding to Huitong No. 1 is 467 million yuan, the trust income includes 331 million yuan of liquidated damages and 1.512 million yuan of relevant expenses. The trust plans to invest in the Tus Environmental Science And Technology Development Co.Ltd(000826) stock usufruct held by sound investment. In addition, Wuhu Huarong Dazhong investment partnership (limited partnership) and Wuhu Kaichuang fashion industry investment partnership (limited partnership), as general level principals, have invested 233.5 million yuan in total, and the total scale of the trust plan is 700.5 million yuan.
The principal balance of Minjing No. 1 is 830708 million yuan, the trust income includes 457595 million yuan of liquidated damages and 149600 yuan of relevant expenses. The trust plans to invest in the usufruct of Tus Environmental Science And Technology Development Co.Ltd(000826) shares held by sound group.
The principal balance of Zhongyuan trust asset management phase II is 178 million yuan, the trust income includes 167 million yuan of liquidated damages and 377300 yuan of relevant expenses. The trust plan invests in the " Founder Securities Co.Ltd(601901) jin'ou No. 44 directional asset management plan" established by Founder Securities Co.Ltd(601901) which carries out stock pledge repurchase transaction with the financier sound group.
Table: 3 trust products. Source: Ali auction. Organized by the interface news research department.
In terms of price, the above contact said bluntly: "no one wants the price of the principal. Now it is impossible to recover all the principal, because the pledge is not worth enough. We hope to sell it together in packages. If a single sale is appropriate, the bid can also be discussed."
Statistics show that one of the major selling points of asset management phase II of Zhongyuan trust is that all the pledged Tus Environmental Science And Technology Development Co.Ltd(000826) shares have been auctioned and are pending payment collection.
Tus Environmental Science And Technology Development Co.Ltd(000826) February 21 announcement shows that the bidder Yu Hejia obtained 22.12 million shares of Yuecai trust and Founder Securities Co.Ltd(601901) auction at a total price of 102 million yuan, with a price of about 4.62 yuan per share. The value of 14.7 million shares of Founder Securities Co.Ltd(601901) auction is about 679231 million yuan.
In terms of the pledged stock value, sound group and sound investment pledged a total of 71.316 million shares Tus Environmental Science And Technology Development Co.Ltd(000826) , with a total value of about 242 million yuan, only 33% of the principal of 728 million yuan, calculated according to the latest closing price of 3.39 yuan / share.
Tus Environmental Science And Technology Development Co.Ltd(000826) recently, there have been constant disturbances. In February this year, the company announced that City Development Environment Co.Ltd(000885) ( City Development Environment Co.Ltd(000885) . SZ) plans to issue shares to absorb and merge Tus Environmental Science And Technology Development Co.Ltd(000826) . However, it was suddenly announced on February 28 that the company received the notice of filing an investigation from the China Securities Regulatory Commission and filed an investigation on the company's suspected violation of information disclosure.
At the same time, this has also put a big question mark on the process of absorption and merger transactions between the two sides. On March 2, Tus Environmental Science And Technology Development Co.Ltd(000826) announced that the filing and investigation will have a great impact on the process of this transaction, and there are uncertainties about whether the subsequent parties will adjust the transaction scheme or terminate this transaction, whether this transaction can obtain relevant approval and the time to complete the approval.
In addition, relevant execution certificates have been handled for the three products, but China Minsheng Banking Corp.Ltd(600016) is impatient to recover the principal. The above contact person said: "because there is a time limit for signing in the bank, the bank still hopes to clear its main business as soon as possible."
As for the latest progress, the contact said: "now in the investment stage, we look at the prices given by various institutions. We are also looking for external evaluation companies to evaluate and finally make comprehensive pricing."
It is worth noting that China Minsheng Banking Corp.Ltd(600016) , as well as Zhongyuan bank, is also disposing of assets in this way through online platform investment promotion and public bidding.
In late February, a public bidding ended on Taobao asset bidding network platform. The auction target was the trust beneficial right of Zhongyuan bank to Shenzhen Huangting Investment Management Co., Ltd. the disposal unit was Zhengzhou branch of Zhongyuan bank, with a starting price of 190 million yuan. Finally, the bidding failed because there was no bidding. The starting price of 190 million yuan only covers the trust principal.
Wang huaitao, chief lawyer of Xingu law firm, said: "Taobao auction is a very good trading information platform, facing the huge market, and even many fund parties (such as funds) specializing in non-performing assets It can be said that it has gradually become an important way of judicial auction and sale. The bank carries out investment bidding through Taobao, which widens the bidding channels, makes the information more transparent, and there are corresponding professional service institutions on the platform. I think it will be of great benefit to the efficiency of asset disposal. "
