Tin Hong Fund equity issues settled to obtain legal documents to support

February 27 news, lasted nearly two years, the day of the ups and downs of the fund equity issues, and now finally settled, Alibaba Group Holdings Tianhong Fund has also officially obtained legal document support.

 
Neimong (601216. SH February 25 Night notice said, Tianhong fund has been completed to deal with the increase in capital to expand the share of industrial and commercial change registration procedures. After the completion of the expansion of the investment, Tianhong fund registered capital of 514 million yuan, Zhejiang Ant Micro Financial Services Group Co., Ltd. (hereinafter called "Ant Gold Clothing") shareholding 51%, Nem Mongjun is holding 15.6%. All know, the ant is under the umbrella of Alibaba's small micro-financial services enterprises, that is to say, Alibaba into the days Hong Fund.
 
However, prior to this, due to the introduction of balance treasure and the rapid expansion of the two major shareholders at a time of interest contention.
 
December 15, 2014, the ant service to the China international Economic and Trade Arbitration Commission to submit an application for arbitration, Nem Mongjun is being paid to the Tianhong fund and overdue payments interest. Neimong explained that the delay in the payment of capital increase is not because of their own reasons, but because Tianjin state-funded sector has not given the continued promotion of Tianhong fund to expand the relevant work of the approval document.
 
According to Nem Mongjun is announced, 2 months after the February 26, 2015, Tianhong Fund two major shareholder Ant and Nem Mongjun is just to reach a settlement. Announced that the Tianjin Municipal People's government organized ant gold Clothing and Tianhong Fund of the old shareholders to mediate, the relevant parties to the reconciliation program reached agreement, and signed the relevant legal documents. Ant Gold Clothing agree to Tianhong fund net profit according to the capital increase before the old shareholder's contribution ratio to allocate, and to the Arbitration Committee to withdraw the application, and Nem Mongjun is to pay the remaining additional funds.
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is affected by the secondary message, February 17 Nem Mongjun is closed to trading. And in the first trading day after the Spring Festival holiday-February 25, Nem Mongjun is again concussion higher and closed in trading, closing price of 16.96 Yuan, a record high.
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Tianhong Fund was originally unknown, since the Alibaba Group entered after the launch of the fund balance treasure, the scale has been rising, data shows that as of December 31, 2014, Tianhong Fund scale reached 589.797 billion yuan, the main public to stabilize the first fund, the scale of the second-ranking Huaxia fund more than 250 billion. However, most of this is the balance of the share of the treasure, the data show, as at February 25, 2015, the balance Treasure scale of 578.936 billion yuan, if the balance of the treasure, Tianhong fund may be just a scale hovering around 10 billion yuan of small fund companies.
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Data shows that as of February 25, the balance treasure of nearly 7th annual income of 4.445%.