Shandong trust to Hong Kong IPO has four financial institutions board seats

Shandong trust went to Hong Kong IPO: four financial institutions have been the board of directors of the seat of the Sina fund exposure platform: letter Phi lags behind false propaganda, long-term performance is lower than similar products, how to buy a fund pit? Click [I want to complain], Sina help you expose them! Source: surging News China’s trust industry for 22 years listed empty window period is expected to be broken this year. October 3rd, Shandong International Trust Limited by Share Ltd disclosed in the HKEx listing application materials. If the Shandong trust checkpoints success, will become the first mainland trust company listed in Hongkong. Previously, the Shandong Banking Regulatory Bureau approved the H-share issuance of not more than 647 million shares, if the exercise of the over allotment option, while the issuance of not more than 744 million shares, to raise funds for deducting the cost of issue will be used to supplement the capital. Due to the nature of its state-owned holding, in accordance with the provisions of state-owned enterprises listed for the first time shall not be lower than the price of assets to assess the price, the lowest price of the Shandong trust may be issued shall not be less than 8.06 yuan. According to the application materials, the co sponsors Shandong trust for the listing of Ccb International Capital Ltd, BOCOM International (Asia) Limited and Haitong international Vantage Capitals Ltd. Net profit decline in the first half was established in 1987, Shandong trust currently registered capital of 2 billion yuan, in 1991 to obtain a securities business license, in 2015 the company completed the shareholding system reform. Million in the information display, in 2015 the Shandong trust trust company with local government background in all shareholders ranked fifth; the total assets from the trust, ranking twentieth in the country among 68 trust companies. Currently, the company’s investment in industries, securities, urban infrastructure and real estate and other fields. From the perspective of ownership structure, Lu Xin group and its wholly owned subsidiary of Shandong Province high-tech venture capital holds a total of 69.27% stake in Shandong trust, the largest shareholder. CNPC assets management ranked the third largest shareholder with a 25% stake. Figure 1: Shandong trust listed before the shareholding structure. From the management of the scale of trust assets, by the end of 2011, the size of the trust asset management trust in Shandong was $112 billion 392 million, as of May 31, 2016, the scale of management reached 246 billion 100 million yuan, the compound annual growth rate of up to 21%. From operating income, operating income of Shandong trust in the first 5 months of 2016 was about $378 million, down 62.15%. The application materials, mainly due to the stock market China period caused by changes in the net financial assets measured at fair value and changes included in the current profits and losses and increase the cost of financing is generally lower and different sources of financing competition leads to a reduction of trust compensation and interest income; from the net profit attributable to shareholders of the company, the first five months of 2016, net profit of 283 million yuan, down 50.9%. The company believes that this is mainly due to the reduction in total operating income, as well as financial assets impairment losses. Has four seats on the board of directors of the financial institutions in this application materials, the Shandong trust for the first time disclosed its financial institutions相关的主题文章: