The bank of changsha issued a supplementary announcement on the pledge of some shares of shareholders today (january 6). According to the announcement, its second largest shareholder, Hunan Xinhua Lian Construction Engineering Co.(hereinafter referred to as \"Xinhua Lian Construction \"), and its concerted action of the cumulative pledge of 100 million shares of Changsha Bank, the pledge ratio of up to%. So far, the cumulative pledge ratio of Changsha Bank has reached%, according to Oriental Wealth Choice.
Xinhua Lianjian owns 100 million shares of Changsha Bank, or% of the total shares of Changsha Bank, and its co-action Hunan Xinhua Lian International Petroleum Trading Co.(hereinafter referred to as \"Xinhua Lian Petroleum \") owns about 10,000 shares of the bank, or% of the total shares of the bank, or 10% of the total shares of Changsha Bank.
After the pledge, xinhualian construction has pledged 100 million shares of the bank and xinhualian oil has pledged 10,000 shares of the bank. According to preliminary statistics, xinhua lian construction and its concerted action have pledged 100 million shares of changsha bank, accounting for% of its total holdings of changsha bank and% of its total share capital.
According to the announcement, Hualian Construction pledged 10,000 shares to China Railway Trust Co., Ltd., with pledged financing funds for its own production and operation, with the pledge starting on January 2,2020 and due on January 1,2023.
From the perspective of equity structure, Changsha Bank's equity is relatively dispersed. According to Changsha Bank in the six months of 2019, by the end of September 2019, the shareholders of Changsha Bank holding more than 5% of the shares were Changsha City Finance Bureau, Xinhua Lian Construction, Hunan Communication Industry Service Co., Ltd., Hunan Friendship Apollo Commercial Co., Ltd., Hunan Xingye Investment Co., Ltd., Hunan Sanli Information Technology Co., Ltd., respectively.
According to the 2019 three-quarter report, among the top 10 shareholders of Changsha Bank, four companies, Xinhua Lian Construction, Hunan Xingye Investment Co., Ltd., Changsha Tongcheng Industrial (Group) Co., Ltd., and Hunan Yidun Investment Co., Ltd., have pledged their shares. Separately, according to Changsha Bank's 2019 semi-annual report, Xinhua Federation Construction nominated Feng Jianjun as director of Changsha Bank.
In response, zhang xu, a senior investment adviser to mr. changsha, told xinjing that although changsha's equity is more fragmented in general, the impact of a single shareholder's share pledge on a listed company may be limited. But according to Oriental Wealth Choice statistics, according to the A-share listed all bank shares pledge situation, the current cumulative pledge ratio of Changsha Bank has reached%. Its overall pledge size is at the top of the list among banks, ranking seventh among 36 bank stocks. And if there is a problem with the flow of money, it could trigger a knock-on reaction, or risk being picked up by a third party. Appropriate caution should therefore be exercised with regard to the Unit.
In fact, the xinhua joint construction of the equity pledge may be a helpless move. The company is a wholly owned subsidiary of the listed company, xinhualian cultural tourism development co.(xinhualian), according to public information.
On December 24,2019, Central South Media announced that Hunan Publishing Investment Holdings Group Finance Co., Ltd.(hereinafter referred to as \"Hunan Publishing Finance Company \") and Xinhua Federation controlling shareholder Xinhua Federation Holdings Co., Ltd.(hereinafter referred to as\" Xinhua Federation Holdings \") affiliated financial company Xinhua Federation Holdings Group Finance Co., Ltd.(hereinafter referred to as \"Xinhua Federation Finance Company \") on November 25 and November 26 respectively, a transaction of online interbank lending business, the transaction amount is 100 million yuan.
The company promised to repay its principal of 100 million yuan each to the Hunan Publishing Finance Company by December 20,2019 and April 30,2020, and the company assumes irrevocable joint and several liability for all payments obligations to the company's related debts. So far, the financial company has paid off its principal of 20 million yuan and has yet to pay its principal of 100 million yuan.
Founded in August 2016 with a registered capital of 3 billion yuan, the company is 100 percent controlled by the company, according to Sky Eye. The company is a controlling shareholder in the listed company.
In response, on december 25, the shenzhen exchange also under the inquiry letter, on the new united deposit security issues, currency funds use restrictions, debt solvency, equity pledge, and so on, serial questions.
On december 30th xinhualian issued an announcement in response to a letter of inquiry, saying that due to the further tightening of the financial environment, xinhualian's original financial arrangements for the flow of funds did not meet the schedule, resulting in the failure to repay the funds of hunan publishing finance company on time. In spite of the tight capital position, the controlling shareholders have initiated a plan to introduce war investments and reduce their holdings by selling some of their investment shares and bank holdings to withdraw funds.
According to China New Jingwei client before statistics, this year, the new Hualian debt scale is expanding. As of the end of the third quarter of 2019, the money fund at the end of the new Hualian period was 100 million yuan, and the total liabilities were 100 million yuan. Its controlling shareholder Xinhua Union holding shares in the pledge ratio of up to%.
Dong Dengxin, director of the Institute of Financial Securities Research at Wuhan University of Science and Technology, analyzed to the reporter that the pledged shares themselves were not transferred, but the shares were temporarily frozen, and the other side did not obtain ownership of the shares. However, if the mortgagee cannot repay the debt or default in the future, this situation may be forced to unwind or dispose of the sale.
So far, xinhualian has taken a stake in four banks, namely ningxia bank, daxinganling agricultural and commercial bank, beijing bank and changsha bank. In July 2018, Xinhua Lian Holdings sold its% stake in Ningxia Bank and 18% of Daxing'anling Agricultural and Commercial Bank on the listing. So far, the deal has not been completed. In the first half of 2019, Xinhua Federation Holdings reduced its% stake in Bank of Beijing.