China and Thailand successfully entered the People’s Insurance Trust investment trust industry enter the curve
The end of last year, with China-equity bidders in the loss of human security will be unable to invest in the Thai Trust Resumption of the capsule. Recently, the People’s Insurance investment, Wen finally scored holding 55 percent stake, and through Quxianjiuguo strategy, enter the trust estate.
Snatch the “shareholders” -
This reporter has learned that China and Thailand on the equity stake in the trust dispute, starts at the end of last year organized by the Shanghai auction house stake in the auction. At the meeting, Wah Tung International Investment Group Co., Ltd. (China-) auction held by China and Thailand 1.6 percent stake in the trust. Wen, holding, joint-investment, investment and the Shanghai People’s Insurance card four major investment enterprises to participate in the bidding. Ultimately, China-China and Thailand held the stake in the trust, Wen was holding to 27.2 million yuan taken. Wen, China and Thailand holding the Trust’s shareholdings to 31.58 percent, while investment and people-”long-coveted” Sino-Thai shares lost trust.
Today, the People’s Insurance investment into mixed operations to speed up the field. June 24 evening, the media, Wen announced that China Wen holding a substantial progress in restructuring, equity and capital to change: Wen, holding the registered capital from 398 million yuan to 1.2 billion yuan. People’s Insurance investment, Wen will hold controlling 55 percent stake and become the controlling shareholder.
“Xinhua Wen dispute” after the dust has settled, Wen, holding a minority shareholder - the ultimate out-of investment.
“Last year was the end of the auction before, Wen Holdings and New Harbour Service (600,638, stock it) home buyers are holding in the Thai Trust 29.97 percent stake in the shareholding-20 per cent. Now, the 20 - Percent stake in PICC has been to the investment, together with Wen, holding a 31.58 percent stake in the New Harbour Service home buyers and holders of the 29.97 percent stake, the People’s Insurance Trust investment into China and Thailand, have complete control over it. “China Trust an official said.
China and Thailand are suffering from “Yingshang”
In fact, China and Thailand trust has its own “difficulties.” “China and Thailand are pressing to restructure the trust, and it was the ‘Yingshang’ to do with, in March this year, China and Thailand were involved in the Shanghai social security trust fund case, the incident in Thailand against the big.” Trust industry veteran Analysts cite Gong Tang told reporters raises the reasons.
Reporter was informed that on March 26 this year, the Shanghai First Intermediate People’s Court held a hearing, heard of involving 150 million yuan loan contract disputes, China and Thailand as a trust of which the defendant was involved in, mainly due to a number of groups-WEN Charged for investment in the Shanghai social security fund.
Gong said Deng Ju, Shanghai Electric and China and Thailand had signed a 200 million yuan trust of the loan agreements, entrusted to the form of loans granted to home buyers New Harbour Service Group, the contract period of one year, Wen Holdings and Sino-Thai Trust provided the funds for all Related security. But trust contract expired, New Harbour Service could not be debt repayment. After several consultations, China and Thailand through the New Harbour Service Trust to repay a 50 million yuan the plaintiff, but another 150 million until the court has yet to repay.
“China and Thailand trust heavier debt owed to the Shanghai Electric of 150 million yuan must bear. So definitely has to reorganize and increase their equity.” He said.
According to informed sources, that the current People’s Insurance investment through borrowings, to hear Holdings, also the first part of China and Thailand trust debt.
Eyes trust company licence
However, the People’s Insurance Trust investment into China and Thailand, the outside world that China and Thailand in line with the original reorganization of the Trust shareholders in financial institutions must be involved in the request. “Although the trust because in many areas than other agencies have an advantage, but in product marketing is very restricted. If we can introduce the relevant financial institutions, can make up for shortcomings in this regard.” Southwest University of Finance Trust and financial management, senior analyst at the Institute Chen Wei told reporters.
He said that if China and Thailand trust is really the lack of funding and replenishment of the debt, financial institutions is a better choice. Because in general, the financial institution’s cash flow are relatively abundant, especially the insurance institutions.
For example, he said, Bank of Communications (601,328, stock it) into Lake Bei Guotou silver cross set up after the letter, the business has been greatly improved. Financial institutions to become shareholders of the trust’s development, it is a good thing.
People’s Insurance coveted investment trust has long been in Thailand. Tang cited work that is valuable in its eyes to the trust licence. For this view, Chen Wei agreed. He said: “People’s Insurance may consider a number of factors, but I think the more important point is a trust company licence. A lot of money in insurance companies everywhere find a way out, but China and Thailand trust holding 48 percent of the Dacheng Fund Shares, the People’s Insurance solutions, platform. ”
People’s Network - International Finance News / Pan Jie
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