spent over 100 million yuan to purchase bonds, but failed to be redeemed in time after maturity. So 10 billion private equity firm sued a number of intermediary institutions such as the bond underwriting sponsorship company.
01 The investment bond "breaking" sued the "gatekeeper"
A few days ago, the listed broker A-share broker Shenwan Hongyuan (000166.SZ) issued an announcement, revealing the news that its subsidiary was sued by the 10 billion private equity Shanghai Yingxue Investment Management Center (Limited Partnership) (hereinafter referred to as Yingxue Investment).
According to the announcement, Yingxue Investment invested and held "19 FAW 05" bonds through the asset management products it manages, involving a principal of up to about 113 million yuan.
However, after this bond product expired, it failed to repay in time, that is, the product " burst ", and Yingxue Investment's investment principal of over 100 million yuan was wasted.
In this regard, Yingxue Investment believes that it has invested in a thunderous bond product and played the role of a bond issuance intermediary institution, including underwriting sponsorship, law firm, accounting firm, credit evaluation company, and other companies, all have certain responsibilities.
is more straightforward and specific. Yingxue Investment believes that these intermediary institutions, as the "gatekeepers" of bond issuance, not only failed to fulfill their obligations of diligence and responsibility, but instead, there were false records and misleading statements in the production and issuance of the above-mentioned bond information disclosure documents, which led to their misjudgment when investing in the bond, causing them to suffer huge losses.
Unfortunately, the underwriting and sponsoring agency of the above-mentioned bond is the subsidiary of the listed broker Shenwan Hongyuan - Shenwan Hongyuan Securities Underwriting and Sponsoring Co., Ltd. (hereinafter referred to as Shenwan Hongyuan Securities Underwriting and Sponsoring Co., Ltd.).
Yingxue Investment sued the Shenwan Hongyuan Securities sponsorship to court, demanding that it bear the joint and several liability for compensation for its losses of approximately 113 million yuan in bond investment principal and interest.
Of course, according to Qichacha , four companies including Beijing Guantao Zhongmao Law Firm, Guoxin Securities , Oriental Jincheng International Credit Evaluation Co., Ltd. , and Asia Pacific (Group) Accounting Firm, etc.
At present, the case was accepted by the Shenyang Intermediate People's Court of Liaoning on September 13, 2022, and the trial date is November 3.
02 The scale of private equity management exceeds 10 billion
According to the information disclosed on the official website of China Fund Association, Yingxue Investment was established in April 2012, and the registration time was April 2014. The company's registered capital and paid-in capital were both 70 million yuan. The institution type is the manager of private equity securities investment fund .
The actual controller of Yingxue Investment is Zheng Yu, who has a subscribed investment ratio of 57% to the company. He is also the managing director of Yingxue Investment.
traces Zheng Yu's resume. He was originally an employee of the Securities Department of the Trust and Investment Company of the ICBC Fujian Branch. Later, he switched to the Minfa Securities Investment Department as deputy manager.
After that, Zheng Yu jumped to Guosheng Securities and served as deputy general manager in the proprietary operation department for four and a half years. From late 2007 to February 2009, Zheng Yu was a freelancer. Then, Zheng Yu served as the executive president of the office of Shanghai Dehui Investment Management Co., Ltd. until Yingxue Investment was established.
data shows that Yingxue Investment is a private equity firm with a private equity management scale of more than 10 billion yuan. There are currently 99 products in operation, 27 are in normal liquidation, and 38 are in delayed and early liquidation, respectively.
As a private equity firm with 10 billion yuan, Yingxue Investment’s bond products that are hit by the mine are actually far more than the “19 FAW 05” mentioned in the previous article.
As early as December 2020, media reports pointed out that Yingxue Investment’s product has hit more than ten points in a row, including 19 Xinhua Joint Control MTN001, 15 Xiwang 01, 17 Taihe MTN001, 18 Taihe 01, etc. The product ended its operation early and entered the liquidation stage.
This time, Yingxue Investment stepped on the "19 FAW 05" and angrily sued Shenwan Hongyuan Securities and other intermediary institutions. It is still unknown whether it will win the case in the end.
However, Yingxue Investment itself seems to be in constant situation.
The information disclosed on the official website of China Securities Investment Association shows that Yingxue Investment currently has many abnormal information prompts, including administrative supervision measures within three years in terms of integrity information; in addition, there are investors' targeted disclosure account opening rate, overdue unliquidated funds, long-term liquidation funds, and non-standard and unreserved opinions on the audit opinion type of the latest annual financial report.
This article is from Science and Finance Online
