Southern China Futures Were Wrongfully Killed Or Shut Down Or Failed Because Of The Original Shareholder Equity Operation.

< p > March 20, 2014, < a href= "http://www.91se91.com/news/index_c.asp" > Southern China futures < /a > a paper stop announcements sparked market ripples. According to the clues, we found that behind its closure was an old case 15 years ago. The main reason why the former shareholder was Hsien Cheng group or led to the closure or even merger of Southern China futures.

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< p > since the end of 2011 to the beginning of 2012, Southern China futures yesterday again issued a notice of suspension of business because of the fact that net capital was not up to standard and was suspended from commodity futures brokerage business.

According to the announcement, the reason for the closure is "the company has a major business risk and some bank accounts have been frozen by the courts of Guizhou".

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The "executive order of the Guizhou Provincial Higher People's court" posted on the Southern China futures website in March 14th (hereinafter referred to as "the ruling") shows that the major operational risk may not be due to the mistakes of Southern China futures, but rather to the failure of Guangzhou's Hsin Cheng group, its former shareholder, to operate P.

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< p > according to the ruling, the incident involved a dispute between Xining's new Klc Holdings Ltd (hereinafter referred to as "Xining new China") and the equity pfer contract of Hyun Cheng group.

In 1999, when Xining increased its capital and shares, Southern China futures invested 22 million 990 thousand yuan in the property rights of 16.9% other railway stations in Guangdong, Xingning, to share with other three companies.

However, the court verified that Southern China futures and other companies had no proof that they enjoyed the property rights of the Xingning railway complex. Therefore, the court frozen the account of the Southern China futures bank to supplement the 22 million 990 thousand yuan contribution and < a href= "http://www.91se91.com/news/index_cj.asp" > interest < / a >.

According to official website information, Southern China futures net assets in 2012 were only 17 million 219 thousand and 900 yuan, net capital was 16 million 22 thousand yuan, net profit was negative in that year, obviously unable to pay the above amount, so was forced to shut down.

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< p > it is worth noting that the new Xining group is the controlling shareholder of Southern China futures group. According to the announcement issued by *ST Hsien Cheng (600381) in March 19th this year, Xining's new state failed to pay off its due debts and obviously lacked its solvency. It was declared bankrupt and liquidated by Xining intermediate people's court in March 14, 2014.

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< p > according to the notice of closing down, Southern China futures notifications the customers to sell their accounts within five working days, and the funds of the unsold account will be pferred to Huatai the Great Wall futures.

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< p > this makes people naturally associate with the closure of Southern China futures from November 2011 to June 2012.

At that time, it announced that "customers can choose to open their own account to GF futures or other Futures Company, and those who sign futures brokerage contracts with GF futures will not receive a higher level of new account paction fees than those of Southern China futures."

Accordingly, it is speculated that GF futures or intentional acquisition of Southern China futures has proved that the latter will soon resume business, but this time market speculation that Huatai the Great Wall < a href= "http://www.91se91.com/news/index_c.asp" > futures < /a > is likely to succeed in the acquisition.

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