Everbright Group is only a short distance from holding Gansu Trust

A recent advance in the acquisition of Gansu Trust stake by Everbright Group, which has attracted much attention, "securities daily" reporter from the relevant departments of Gansu province, the Gansu property Exchange property Rights Trading Bulletin, only one of the Everbright Group in accordance with the provisions of the submission of information, the current Everbright group's intention to qualify has been approved by the provincial government of Gansu Province, However, the two sides have not signed the transfer contract, Everbright Group in the formal to become a trust in Gansu province before the CBRC will need to obtain approval. Everbright Group has more than once demonstrated the intention of the Gansu Trust licence, but the attitude of Gansu provincial government is to adhere to the market, so that all the intent of the assignee in the same starting line competition. At present, Everbright Group has become the only investor to submit information, if its shareholders are approved by the CBRC, it is expected to become the domestic peace, CITIC after the financial full licence of the large financial holding group. "High standard" market competition Everbright become "the only" this year, July 29, the Gansu Property exchange announced the Gansu Trust property rights transactions announcement, Gansu province state-owned Assets Investment Group Limited ("Gansu State Investment") will transfer its holding Gansu Province Trust Limited liability company 51% of the state-owned shares, Transfer of the listing price of 1,832,198,400 Yuan, announced the deadline of August 23 this year. The announcement to the intention of the transferee of the request is very high: "Registered capital of more than 1 billion yuan, the total assets of more than 2 trillion yuan, the financial sector-oriented domestic enterprises, and with the trust industry, but there is no peer competition, transfer price is 1.83 billion yuan." "It also leads to very few companies that can meet the requirements," he said. Gansu Province, the relevant head of the property exchange said to reporters, "to the announcement deadline, during the period of many enterprises by telephone and other means to our consultation, but these are ineffective." According to the relevant provisions of the submission of information only Everbright group. "In fact, Everbright Group has shown a strong interest in Gansu Trust license," Everbright Group chairman Tang Shuangning vice-chairman in a media interview in March this year, said, December 20, 2012, Everbright Group and the provincial government of Gansu Province signed a letter of intent to restructure the Gansu Trust assets, to acquire its 35% stake, Become the first major shareholder. July 23 This year, Everbright Group general manager Rozev also met with the relevant leadership in Gansu Province and signed Gansu Trust's equity cooperation agreement. Despite the numerous scandals between Everbright Group and Gansu Trust, the provincial government's attitude is to insist on the market competition of potential parties, the financial affairs office of Gansu Province said to reporters: "Mutual understanding is human nature before trading, although and Everbright Group had some contacts before, However, Everbright Group and other potential intentions of the transferee is completely equal, the choice of the transfer of the stock Exchange is also the embodiment of fair competition. However, in view of the high transfer conditions, only one of the Everbright group submitted materials. The above-mentioned people to reporters pointed out that the current Everbright Group's intention to qualify has been approved by the provincial government of Gansu, but the two sides have not signed the transfer contract, Everbright Group in the form of Gansu Trust shareholders need the CBRC's approval before. Everbright Group "Denied knot "or the opportunity to make up the licence Everbright group more than once in public to express the expectations of the Trust license. At present, the three major gold control group in China, Ping An, Citic has included banking, securities, insurance, trust and other financial full licences, only Everbright group lacks a "trust" license, if the Everbright group successfully holding Gansu Trust, then the three major gold control group in China to achieve full license layout. Previously, Everbright Group had a Everbright trust, but due to poor management, in the trust industry, the fifth clean-up rectification by the regulatory authorities to revoke. Since then, Everbright Group has with a number of trust agencies outgoing cooperation intentions, such as clouds, such as the southern investment, but because of prices and other reasons have not been made, until last year and Gansu Trust cooperation message. Tang Shuangning vice-chairman has publicly said that the trust for Everbright is "Chengye, Shenya", "in the future, through the lessons of history, to ensure that the new trust company to take a good step, a good road, sound management, scientific development, become a sign of climbing in the fall, become a new force of Everbright." "As to why the Gansu provincial government chose to transfer the trust stake in Gansu province, the financial office of Gansu Province pointed out," through the introduction of the strength of strategic investors to help Gansu trust to become bigger and stronger is the main reason. "In accordance with the Convention, the local government in the transfer of scarce trust licences, the introduction of a strong strategic investors, the general will also be accompanied by a number of strategic investors, the potential requirements for their own or after the holding trust companies to increase the local economic development investment and concessions." Previously, Everbright Group in the signing of the Gansu Trust and Equity Cooperation agreement also pointed out that Gansu Trust after the reorganization of the business development benefit will continue to support the economic and social development of Gansu Province, maximize the realization of cooperation and mutual win. As of the end of 2012, the trust assets of Gansu province were less than 80 billion yuan, although the growth was rapid, but still ranked in the reciprocal of the trust industry, and more for a single class and channel class business. Gansu Trust currently registered capital of 1.02 billion yuan, its net capital has been difficult to support the further development of business. In view of Everbright Group (if) to invest in Gansu Trust after the increase in shares, the Gansu financial operators said, "the current distance from that step there is a certain distance, behind the matter has not been considered."