CITIC Trust: The trust contract with Founder Securities has been cancelled and funds returned

CITIC Trust: The trust contract with Founder Securities has been cancelled and funds returned

CITIC Trust: The trust contract with Founder Securities has been cancelled and funds returned
Founder Securities 2.There has been new progress in the 300 million trust funds being misappropriated.On the evening of March 19, CITIC Trust announced that the trust contract has been cancelled and the trust funds have been returned to Founder Securities after consultation between the two parties. The follow-up company will handle other related matters according to law.On the evening of March 10, Founder Securities announced that the company subscribed to CITIC Trust’s “CITIC · Ocean Hongsheng Investment Collective Fund Trust Plan” in November last year 2.300 million US dollars, this budget Wuhan Guiyuansi project B package land development and construction and other funds used in the trust contract, but the company recently cashed, this fund was used by CITIC Trust to all loans to Founder Group.According to reports, Founder Group is the largest shareholder of Founder Securities, holding 27 shares.75%.Founder Securities said that after purchasing the trust plan, CITIC Trust has not provided any other materials except the business license and corporate identity card information.The east window incident occurred in February this year, and the company did not receive the first phase of the trust income 550 according to the latest time agreed in the contract.730,000 yuan.After inquiring with CITIC Trust and Founder Group, it was discovered that the funds were diverted to lend to Founder Group.The reason is that the loans released by CITIC Trust to the enterprises of Founder Group in early 2019 have not been restarted as scheduled. CITIC Trust and the enterprise have determined a “borrow the new and return the old” plan, and then Founder Group, which is the guarantor of the financing, received CITIC Trust.A 300 million US dollar loan is used to repay part of the debt to CITIC Trust in advance for their respective companies.In the early morning of March 12, CITIC Trust issued a statement saying that the company noticed the announcement issued by Founder Securities on March 10. After investigation, Founder Securities made its own decision and approved the appropriation of the trust plan.Agreement.The company has entrusted a law firm to deal with the relevant policies.Sauna, night net Cheng Weimiao editor Wang Jinyu school dealt with Chun Zeng