Ant Gold Suit Pettibone fund is to find spare tire?

February 12 News, ant Gold Service recently confirmed that the company has taken a stake in Pettibone fund company, but did not disclose the current share of progress, shareholding ratio and investment amount.

There are market speculation that the ant to take this move or in the "Find spare tire", before the balance of the object of the Treasure docking days Hong Fund encounter increased capital crisis, ant gold clothing large shareholder status can not be settled.

June 2013, Alipay and Tianhong Fund cooperation to launch the balance of treasure, docking days to increase the Treasure Money fund, a short period of 5 months, the balance treasure rapid expansion of more than billion. October 2013, Ali small Micro (ant the predecessor of the Golden Service) to subscribe to the 51% of the stock, become Tianhong fund major shareholders.

However, in December 2014, the ant service to China international Economic and Trade Arbitration Commission ("arbitration Committee") to the arbitration Neimong. Ant Gold Clothing said, January 20, 2014, the ant, Nem Mongjun and Tianhong Fund other shareholders signed formal capital increase and subscription agreement. But Nem Mongjun is on the basis of the existing problems in the evaluation of the increase in capital, and has been reluctant to pay the additional funds. Leading to the ant has not been successfully invested in the day Hong Fund, is still waiting for the management of state-owned departments to deal with.

People familiar with the matter said that the Ant and Nem Mongjun are still in the process of arbitration, there is no result.

Official website shows that the Pettibone fund is the SFC approved the establishment of the 70th Fund company, was founded in early 2012, the registered capital of 200 million yuan, at present, the major shareholder "de State Securities" shareholding 70%, two shareholder "Zhejiang Indigenous livestock Import and export group" shareholding 20%, another shareholder, equipment manufacturing Company " Xizi United Holdings Limited "shares 10%.