Another unfortunate news has aroused the attention of financial practitioners to their health.
on April 12, 4, the news about the unfortunate death of Wei Guiguo, vice president of Wangxin securities, spread on the Internet. The Chinese reporter of the securities firm confirmed the news from several former employees of Wangxin securities in East China, and former colleagues have mourned Wei Guiguo through the Internet
However, the relevant person of Wangxin securities office headquartered in Shenyang responded to reporters that afternoon that he had not received the news yet. As of press time, another employee at the headquarters said there was no official announcement. According to the reporter, affected by the epidemic, most employees of Wangxin Securities headquarters work at home.
At present, Wangxin securities is in the stage of bankruptcy reorganization, and the reorganization investor has been determined as Beijing Compass Technology Development Co.Ltd(300803) . Since the senior executives of the securities company have been close to the securities management network, the chief executives of the securities company have stood up. It is reported that, according to the relevant rules, the administrator designated by the court will fully take over the debtor’s property and business affairs after entering the enterprise.
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Wei Guiguo, vice president of wechat securities, died
Chinese reporters from securities companies learned from many sources that Wei Guiguo is the vice president of Wangxin securities, in charge of asset management and investment banking.
Wei Guiguo is a veteran of the securities industry. According to public information, he joined Shenwan Hongyuan Group Co.Ltd(000166) in 2004 and worked in Shenwan Hongyuan Group Co.Ltd(000166) for more than 9 years. Then he worked in The Pacific Securities Co.Ltd(601099) securities from November 2013 to July 2018 as the assistant to the president of The Pacific Securities Co.Ltd(601099) securities and was responsible for the brokerage business line. In August 2018, he came to Wangxin securities as vice president.
After Wei Guiguo’s death, his former colleague at The Pacific Securities Co.Ltd(601099) securities told the Chinese reporter of the securities firm, “Mr. Wei is very good, enthusiastic, optimistic and positive. After The Pacific Securities Co.Ltd(601099) left, he went to Wangxin securities and was also responsible for institutional business. He has abundant resources in the project.”
wechat securities restructuring investor Beijing Compass Technology Development Co.Ltd(300803)
According to public information, wechat securities was established on april181995 with a registered capital of 500million 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. and Shenyang Hengxin Leasing Co., Ltd. hold 42.29% and 2.10% equity of Wangxin securities respectively.
According to the unaudited statistics of China Securities Association, in the first half of 2021, wechat securities achieved a revenue of 23.46 million yuan and a net profit loss of 26.48 million yuan, both of which ranked last in the industry. In 2020, the operating income of Wangxin securities was 516917 million yuan, the net profit was -597981 million yuan, and the total liabilities was 4.279 billion yuan, which was higher than the total assets of 703 million yuan.
In the classification results of securities companies by CSRC in 2018, the rating of Wangxin securities is CCC However, in the following three years (20192021), wechat securities was continuously rated as grade D, ranking the bottom of the whole industry.
On March 16 this year, Beijing Compass Technology Development Co.Ltd(300803) announced the draft plan for restructuring wechat securities. According to the plan, Beijing Compass Technology Development Co.Ltd(300803) will invest 1.5 billion yuan to acquire 100% equity of Wangxin securities. For the pricing of 1.5 billion yuan, Beijing Compass Technology Development Co.Ltd(300803) said: “the above pricing comprehensively considers the business conditions of the target company, business coordination with listed companies, resource complementarity and other factors.”
Beijing Compass Technology Development Co.Ltd(300803) said that the purpose of this transaction is two aspects: to further improve the business layout and enhance the core competitiveness of the company; Acquire high-quality assets to help resolve financial risks.
Beijing Compass Technology Development Co.Ltd(300803) is the first joint-stock enterprise in China to position itself in financial services for individual investors, providing advanced investment tools and solutions for individual investors. The business covers securities, futures, foreign exchange and funds. It is the first financial service enterprise authorized by the National Bureau of statistics, Shanghai Stock Exchange, Shenzhen Stock Exchange and Dalian Commodity Exchange at the same time.
Analysts said that Beijing Compass Technology Development Co.Ltd(300803) as a technology company of financial information services, it has strong Internet genes. After successfully obtaining the brokerage license this time, it may become another new Internet brokerage after China stock market news securities.
Previously, Wangxin securities caused significant operational risks due to its bond trading business, which was seriously insolvent and unable to pay off its due debts. On July 16, 2021, Shenyang intermediate people’s court ruled to accept the bankruptcy reorganization case of wechat securities, and appointed Guohao law firm and Deheng Law firm to jointly act as the manager of wechat securities on July 28, 2021.
In August 2021, wechat securities released the recruitment of bankruptcy reorganization investors. During this period, Haomai wealth, Beijing Compass Technology Development Co.Ltd(300803) , Linlong shares, Ruida Futures Co.Ltd(002961) and other institutions participated in the selection competition. Finally, through the market-oriented selection process, Beijing Compass Technology Development Co.Ltd(300803) was determined as the reorganization investor on February 10, 2022.
