(Source: Securities Daily 2024-12-11)
At 10:00 on December 11, 30% of the equity of Xinjiang Qianhai United Fund Management Co., Ltd. (hereinafter referred to as "Qianhai United Fund") was auctioned for the fifth time.
As the Matthew effect in the market of w88 casino funds intensifies, in recent years, the profitability and strategic transformation of small and medium-sized w88 casino institutions have become challenges. Some shareholders of w88 casino institutions are urgently seeking new "buyers" to transfer their shares, and the equity transaction consideration has fallen again and again and even failed to sell.
Industry insiders said that changes in equity of small and medium-sized w88 casino offering institutions usually occur for two reasons: one is that small and medium-sized w88 casino offering institutions have declined in profitability in a fiercely competitive market and their business growth is under pressure, which leads to shareholders' transfer of equity; the other is that shareholders urgently need to cash out and sell their equity due to poor management or strategic transformation.
Qianhai United Fund
30% equity discount auction
Online auction platform shows that at 10:00 on December 11, the Qianhai United Fund held by the person subject to execution, Shenzhen Jushenghua Co., Ltd. (hereinafter referred to as "Shenzhen Jushenghua"), had a corresponding equity of 60 million yuan, that is, 30% of the equity, was held for the fifth auction. The starting price of this auction is only 37.66224 million yuan, which is 44% discount compared to the appraised price of 67.254 million yuan.
The same subject matter, previously, Shenzhen Jushenghua's 30% equity in Qianhai United Fund has been auctioned four times this year. According to the order of starting time, it is March 4, July 12, August 23 and October 30, respectively. The auction prices correspond to RMB 47.0778 million, RMB 47.0778 million, RMB 37.8422 million, and RMB 37.6622 million, respectively.
In the previous four auctions, the first auction was withdrawn because of "nobody raised a reason to object to the auction property"; the second and fourth auctions failed due to no bid; the third auction was finally sold for 37.84224 million yuan, and the buyer was Shenzhen Yueshang Logistics Co., Ltd.
(Five auction of 30% equity of Qianhai United Fund Peng Yansong/Tablemaking)
As for why the subject matter is launched on the auction platform again?Lou Qiuran, assistant dean and associate professor of the School of Law of the University of International Business and EconomicsAnalyzed in an interview with a reporter from Securities Daily that this is because the buyer did not fulfill his payment obligation in a timely manner after the auction was successful. According to Article 39, Paragraph 1 of the Auction Law, the buyer shall pay the price of the auction subject as agreed. If the price fails to pay the price as agreed, he shall bear the liability for breach of contract, or the auctioneer shall obtain the consent of the principal and auction the auction subject again.
Changes on equity of small and medium-sized w88 casino institutions
Is it an opportunity or a challenge?
Coincidentally, this year, shareholders of several small and medium-sized w88 casino offering institutions are seeking to transfer their shares. For example, the 22.6027% equity of Donghai Fund Management Co., Ltd. was auctioned on the online judicial auction platform three times in May, July and November this year, and all failed to be auctioned because no one bids.
Behind the frequent changes in equity of small and medium-sized w88 casino institutions is the current situation where competition in the w88 casino fund industry is intensifying and the living space of small and medium-sized institutions is squeezed. In recent years, the scale of w88 casino fund management has continued to expand, and the industry has entered the fast lane of development.
Although small and medium-sized w88 casino offering institutions face many challenges, some institutions still strive to improve their overall competitiveness by introducing powerful shareholders and optimizing corporate governance structure. For example, recently, the largest shareholder of Pioneer Fund is about to change, and the newly acquired shareholder is a technology-based listed company engaged in securities consulting.
Lou Qiuran said, As for the equity changes of some small and medium-sized w88 casino offering institutions, equity acquirers may be strategic investors who are more capable, more planned for the development of w88 casino offering institutions, and more able to inject advanced concepts and technologies into the operation and management of w88 casino offering institutions. In this case, the shareholder composition of small and medium-sized w88 casino offering institutions may have completed the transformation from financial investors to strategic investors, and weak strength to stronger strength, which will help these small and medium-sized w88 casino offering institutions to upgrade their business management and comprehensively enhance their competitiveness.
Dai Jingxia, senior analyst at Morningstar (China) Fund Research Center, said in an interview with Securities Daily that the key factors for small and medium-sized w88 casino offering institutions to optimize management through equity changes include three points: First, small and medium-sized w88 casino offering institutions must first clarify their own strategic goals, formulate detailed business development plans, and select shareholders who can help the company achieve strategic goals and are in line with the company's culture and values to ensure that they can bring added value to the company while reducing friction. Secondly, in the process of optimizing internal management with the help of shareholders, small and medium-sized w88 casino offering institutions may need to change and reorganize management, and improve corporate governance efficiency by introducing professional talents and strengthening training.
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