Xinhua Trust Thai Logistics plan faces early liquidation

The Trust program "conceived" nearly October, plan the original designated project still shutdown Xinhua Trust Thai Logistics plan faces early liquidation the real rate of return is about 7% per cent, according to people familiar with the plan, and slightly below the 9% annual expected return on the recommendation-this reporter Zhang Xin on the Xinhua Trust's official website, in addition to the recent prestigious as "two-headed"　　One of the National People's Congress, Tian Hui Investment, a collection of funds trust program beneficiaries of the General Assembly, there is a "Xinhua trust, the Hong Kong and Thailand Logistics Park Project Loan Collection Fund Trust plan early end and the convening of special beneficiaries of the General Assembly" notice of concern. What about the Xinhua trust? The main problem facing the Fund trust scheme is that most beneficiaries want to close the trust plan prematurely and the Xinhua trust does not agree, then, the Xinhua trust? The problem with the Project Loan Pooling Fund Trust scheme in Hong Kong-Thailand Logistics Park is precisely the opposite: Although investors have been waiting for 10 months,　　But the project invested by the Trust program has not been able to start, and the trust plan has had to end prematurely. Trust program "Conceive" October the designated project is still suspended. Hong Kong and Thailand Logistics Park Project signed a total of 59 funds trust contract, of which the individual signed 50, Enterprises signed 9 trusts, the period of July 25, 2008 to July 24, 2010, the total trust funds of 131.8 million yuan. The 131.8 million-yuan fund-raising on July 25, 2008 was issued to Shishi Asset Management Co., Ltd. in Shishi Han Jiang Shishi town, Shek Wu Peninsula Shi, Shek Rural east of the ancient floating bay coastal area of the reclamation project.　　Now all invested in trust loans of 131.8 million yuan, accounting for 100% of the trust funds. The project is located in the Shishi Shek Wu Port area, is the first port of Quanzhou, Shek Lakeport after June 2008, the adjustment of the port of Zhu Port, its freight function adjusted to the Shek Wu Port area, the expected Shigang throughput will rise to the city's port throughput of 80%. According to the introduction, the project around the sea to form land, will be all the park land for investment, to attract Quanzhou, Jinjiang and Shishi local well-known enterprises settled in the park.　　The park reserves about 100 acres of commercial, residential supporting land, enterprises 500 mu of Enterprise direct transfer sales.　　But as of now, the project is still in a state of suspension due to the lack of agreement between the project company and the local villagers on the compensation issue. The two-year trust scheme has been in operation for 10 months, and the project construction plan cannot be completed as expected and the trust target is difficult to achieve due to the failure of the coastal areas affected by the summer typhoon tsunami.　　Shishi Asset Management Limited has formally submitted an advance payment application on April 16, 2009. Xinhua Trust decided to convene the "Xinhua Trust," The "Hong Kong-Thailand Logistics Park Project Loan collection Funds Trust scheme" special beneficiary general Meeting for consideration of the following issues: Shishi Asset Management Co., Ltd. to return the trust loan in advance on May 25, 2009 and to calculate and pay interest at the actual time of use The trust plan was advanced at 2009May 26 The end of the year and liquidation. In the previous January 16, the Xinhua trust has disclosed that the project owner of the Hong Kong-Thailand Asset Management company sent the letter-"my company and the villagers committee and the masses signed the compensation agreement has been negotiated, will timing signed, to apply to the government to resume." Resumption of work at the latest March 1, 2009, after resumption of work I will be strictly according to the construction contract quality and quantity to complete the Logistics Park reclamation project. "The yield is about 7% below the project referral forecast and it is worth mentioning that although the Hong Kong-Thailand Logistics Park project was not resumed as scheduled, the beneficiary's yield was much higher than the one-day fund trust, a person familiar with the matter told the securities Daily, and the project had a yield of about 7% per cent,　　However, the yield of the Fund trust scheme of Tian Hui investment is not the same as that of the bank's fixed deposit rate.　　Although the 10-month 7% yield is more reasonable, it is lower than the expected return on the trust plan in the referral-the expected return is 9%/year. According to the report of the quarterly management of trust funds of the Project Loan Collection Fund Trust Fund of the Hong Kong-Thailand Logistics Park (1th quarter of 2009): The Trust income of this trust program is 32,660.81 Yuan, the trust proceeds during the trusts 32,660.81 Yuan, at the beginning of the period did not distribute the trust income　　The trust fee, such as Referral Fee, is 3,648,128.1 Yuan. According to people familiar with the matter, if Shishi Asset Management Limited is allowed to repay in advance, the company will soon be the remaining interest payable to the relevant accounts. And 7% of the rate of return, is considered Shishi Asset Management Co., Ltd. the future return of funds and principal calculated by the approximate benefit level.