Anxin Trust has no time to recover the largest restructuring of the trust industry

It was always surprisingly calm before the big issues, just as the Trust Trust, which had no sign of suspension a few days ago, is brewing a drama about the reorganization of trusts. Reorganization or a substantial breakthrough according to the letter of trust insiders, the trust has not yet a precise return timetable, a week before the suspension is indeed in order to discuss the continued promotion of CITIC Trust backdoor matters, trust long delay pending reorganization of the case will or a substantial breakthrough. The personage expressed great confidence in the smooth implementation of the reorganization case, "there is bound to be greater progress, the biggest domestic trust reorganization is within reach."　　"Letter trusts recently announced that due to important issues have not been announced, in order to avoid abnormal fluctuations in the company's stock price, safeguard the interests of investors, to ensure fair disclosure of information, the company's shares on June 2, 2010 from the continuous suspension of the company, pending the relevant matters will be promptly announced and the board. The annual report showed that in 2009, the Trust fund achieved 51.078 million revenue, an increase of 17.48% from the previous year, and a total profit of 46.791 million, an increase of 36.02% per cent. The Anxin trust, though a better performance last year, is still too much for Citic Trust.　　Industry analysts predict that the restructuring of CITIC Trust 2009 ~2011 year earnings per share is expected to reach 0.63 yuan, 0.89 yuan and 0.96 yuan, if the reorganization succeeds, the merged company's reasonable share price will be in the vicinity of 25 yuan, and Anxin Trust before the suspension of the stock price is only 13.60 yuan. Backdoor road strewn as early as the end of 2006, Citic Trust backdoor trusts listed on the opening of the curtain. In January 2007, the Trust Company intends to issue shares to three institutions in the form of non-public offerings. Citic is subscribed to 80% per cent of its Citic Trust, Citic East China, with a 20% per cent stake in its Citic Trust, and the Shanghai State is subscribed in cash.　　After the issuance of the shares, Citic Group is expected to become the first major shareholder of the trust trusts, while the trust holds a 100% per cent stake in the Citic Trust.　　August 23, 2007, according to the letter of Credit Trust, the Ministry of Finance has agreed on the principle of Citic Group and Citic East China Citic Trust stake in the purchase of trust trusts non-public orientation of the issue of additional shares, and the relevant provisions of the State for the evaluation of assets and state-owned equity management program approval procedures. Subsequently, in December 2007, after three consecutive extensions after the signing of the letter of intent, the Trust Board of Trustees had finally determined that the private offering was 4.30 yuan and the number of the proposed non-public offering was no more than about 1.362 billion shares.　　Among them, Citic Group for its holdings of Citic Trust 80% of the subscription does not exceed about 970 million shares, Citic East China's holdings of its Citic Trust 20% stake subscription does not exceed about 242 million shares. In June 2008, the SFC and the CBRC endorsed the reorganization plan.　　But since then, the trust has not received the CSRC's written approval documents, resulting in the reorganization of the scheme beyond the validity period, which also led to the Citic Trust proposed backdoor trust trusts to achieve the purpose of the listing has not yet been achieved. According to the reorganization of the continuous suspension of the relevantstipulates that listed companies in the planning, brewing major assets reorganization matters in the process, should be issued to the directors of the company before the board meeting materials, to the listed department to put forward the application for stock suspension, and must make a clear commitment to the duration of continuous suspension, the longest period of suspension shall not exceed 30 days. Anxin Trust a Trust representative said in an interview with the Daily economic news that the company's current recovery time is short of an accurate timetable, depending on the progress of the reorganization, and the regulatory authorities will not be able to release any specific plans for restructuring.