What happened to this private bank? The shares of the second largest sponsor shareholder will be auctioned after five months of operation

category:Finance
 What happened to this private bank? The shares of the second largest sponsor shareholder will be auctioned after five months of operation


Financial data show that the total assets of the bank, which opened in April this year, amounted to 5.426 billion yuan, with a net asset of 1.977 billion yuan, an operating income of 38.15 million yuan and a net profit loss of 22.8 million yuan.

Recently, Ali judicial platform disclosed that as many as 37 shares of Wuxi Xishang Bank Co., Ltd. (hereinafter referred to as Xishang bank) are facing public auction, with 10 million shares each, with an initial auction price of 10 million yuan and an evaluation price of 14.28 million yuan.

The securities companys Chinese reporter noted that the owners of the 37 shares were Jiangyin Chengxing Industrial Group Co., Ltd. (hereinafter referred to as Chengxing group), and the 370 million shares held by the bank were divided into 37 shares for judicial auction.

According to the official website of Chengxing group, the company was founded in 1984, and its products involve fine phosphorus chemical industry, fine coal chemical industry, petrochemical industry (PET, PTA) and other fields. It has more than 50 wholly-owned and holding subsidiaries, with a total assets of more than 50 billion yuan and more than 10000 employees. It owns a listed company Chengxing shares (600078, SH).

It is reported that Chengxing group has been one of the top 500 enterprises in China for 18 consecutive years, ranking 228Th in Chinas top 500 enterprises, 73 in Chinas top 500 private enterprises, 14th in Chinas top 100 petroleum and chemical enterprises and 12th in Jiangsus top 100 private enterprises.

At the same time, on April 16 this year, as the 19th private bank in China, the main sponsors are Hongdou Group and Chengxing group. Chengxing group is the second largest shareholder of Xishang bank, holding 24% of shares, second only to Hongdou Group (25% of shares).

However, Chengxing group, as a private chemical giant with considerable strength in Jiangsu Province and even in the chemical industry, is also in trouble this year, and its bank license is facing auction.

As a private bank, Xishang bank, which opened in April this year, has put forward at least seven major requirements for shareholders of the banks equity held by panchengxing group according to the corresponding transfer regulations.

The qualification requirements for shareholders include:

The reporter noted that, because involves the auction valuation situation, the performance of the bank since this year has also surfaced.

According to the transcript of the execution case of Wuxi intermediate court, the total assets of the bank are 5.426 billion yuan, an increase of 30.46% compared with the beginning of the period, and the net assets are 1.977 billion yuan, slightly lower than that at the beginning of the period. In terms of performance, since it was only opened in April this year, the banks business and management fees and credit assets impairment losses were relatively high. The banks income was 38.15 million yuan from January to August this year, and the net profit was 22.8 million yuan. According to the transcript of the conversation, as the balance sheet shows that the owners equity per share is less than 1 yuan, Donghong garden and Chengxing group discussed the share price of Xishang bank at 1.428 yuan per share. At the same time, in order to ensure the maximum addition, the court, at the request of both parties, split and auction the shares of the bank held by Chengxing group. Source: Securities Companies in China Author: Hu Feijun, editor in charge: Zhong Qiming_ NF5619

According to the transcript of the execution case of Wuxi intermediate court, the total assets of the bank are 5.426 billion yuan, an increase of 30.46% compared with the beginning of the period, and the net assets are 1.977 billion yuan, slightly lower than that at the beginning of the period.

In terms of performance, since it was only opened in April this year, the banks business and management fees and credit assets impairment losses were relatively high. The banks income was 38.15 million yuan from January to August this year, and the net profit was 22.8 million yuan.

According to the transcript of the conversation, as the balance sheet shows that the owners equity per share is less than 1 yuan, Donghong garden and Chengxing group discussed the share price of Xishang bank at 1.428 yuan per share.

At the same time, in order to ensure the maximum addition, the court, at the request of both parties, split and auction the shares of the bank held by Chengxing group.