The capital pledge of Xindu hotel is as high as 60 percent

Zhou with the tightening of bank credit line, more and more shareholders of listed companies use the financial channels such as trusts and brokerages to pledge their shares to meet the financing demand. "The first financial daily" recently acquired the "Sino-Xindu Hotel Equity Income right Investment Collection Fund Trust Scheme (Inquiry Trust Products)" (hereinafter referred to as "Trust plan") shows that Xindu Hotel (000033.SZ) major shareholder Shenzhen Investment Co., Ltd. (hereinafter referred to as "Han Ming Investment") to provide collateral for the loan,　　And the Sino-Financial Trust signed a pledge contract, will be held in the Xindu Hotel 45.5 million shares to 61.11% of the pledge rate pledged to the Sino-Financial Trust, the trust scale of 110 million, the term of 24 months. Xindu Hotel announced June 22 this year, the company June 20 to invest in investment (as of March 31, 2013 Holdings 45551000 shares, the total share capital of 13.83%) notice,　　The 45500000 shares of the shares of Han Ming invested in the company have been pledged to the Sino-Financial International Trust Limited since June 14. The trust plan sponsored by the Sino-Financial Trust shows that the investment and the Sino-Financial Trust signed the "Equity pledge contract", 45.5 million shares in circulation, the pledge price of 2.44 yuan/share, according to the first 20 daily average price of 4.00 yuan/shares as at May 16, 2013, the pledge rate is 61.11%.　　The hotel's closing price was 3.95 yuan/share yesterday. "Quality Board stock in principle not exceeding 50 percent of the average price of 30th, the quality of the SME stock in principle does not exceed the 30th average price of 40 percent, the quality of gem stock in principle does not exceed the 30th average price of 30 percent, the specific situation will be based on the pledged shares of net assets, historical transaction records, profitability prospects, p/E, whether full circulation, The last 60 trading days whether the price exceeded the market 50% and listed company governance factors such as decision.　　"The credit department manager of a joint-stock bank in Shanghai said in an interview with the first financial daily," the rate of 60 percent of the equity pledge, only from the wind control of bank loans, is certainly impossible to pass. It is worth mentioning that the Sino-Financial Trust for early warning stop set a double protection.　　The trust plan shows that, in the period of trust, if the T-day pledge stock price falls, touch the early warning line, then the investment guarantee in the specified time to add the corresponding margin or additional pledged shares, otherwise the trustee has the right to dispose of the pledge in accordance with the agreed quality rights. In addition, Han Ming investment holding shareholder Shenzhen Guangyao Real Estate Group Co., Ltd. and its actual controller Guo Yaoming Bear Joint and several liability guarantee.