Netinfo Securities Big News! The results of the bankruptcy reorganization may be announced today, and at least 3 companies compete

Today, the bankruptcy reorganization of Netinfo Securities may come to an end.

According to compass's announcement a few days ago, the company received a notice from the administrator that the second interim creditors' meeting of the bankruptcy reorganization case of Netinfo Securities will be held on February 10, 2022, and the main purpose of the meeting is to select reorganization investors and reorganization investment plans.

According to the requirements of the manager, the investor who intends to reorganize shall remit the investment deposit to the manager's account on time, the amount of which is 20% of the quotation of the total amount of the company's debt repayment (including the intention payment of 50 million yuan in the previous period, which is automatically converted into investment deposit). Failure to pay the aforementioned deposit on time shall be deemed to have voluntarily withdrawn from the selection.

At present, there are 3 enterprises, including Compass, Good Buy Wealth, and Shenyang Linlong, which announced that they will participate in the selection of investors for the second bankruptcy reorganization of Netinfo Securities, and these 3 companies said that they will pay a deposit of 50 million yuan on time. Among them, Shenyang Linlong participated in the reorganization in the form of a consortium, including Shenyang Hunnan District State-owned Assets Management Co., Ltd. Previously, Darry Futures also expressed its willingness to participate in the bankruptcy reorganization of Netinfo Securities, and later announced its withdrawal.

Netinfo Securities was established on April 18, 1995 with a registered capital of 500 million yuan. At present, United Venture Group Co., Ltd. holds 55.61% of the equity of Netinfo Securities and is the controlling shareholder. Shenyang Shengjing Financial Holdings Investment Group Co., Ltd. holds 42.29% of the equity of Netinfo Securities, and Shenyang Hengxin Leasing Co., Ltd. holds 2.10% of the equity of Netinfo Securities.

In 2019, after the negative news such as overdue funds appeared on the P2P (online loan) platform of the Netinfo Group, as a "pioneer" securities company, Netinfo Securities was also named by the CSRC as having major risks and hidden dangers, and continued to maintain the evaluation results of class D securities companies in the 2020 classification rating.

Netinfo Securities has been losing money for many years and is seriously insolvent. According to the 2020 Audit Report of Netinfo Securities, as of December 31, 2020, netinfo Securities had total book assets of 703 million yuan, total liabilities of 4.28 billion yuan, net assets of -3.576 billion yuan, operating income of 51.69 million yuan and net profit of -59.8 million yuan. Judging from the ranking of the 2020 operating performance indicators of securities companies released by the China Securities Association, Netinfo Securities ranked last in the main indicators of the 102 securities companies included.

On July 16, 2021, the Shenyang Intermediate People's Court ruled on the reorganization of Netinfo Securities in accordance with the law, and on July 28, 2021, Italia Law Firm (Beijing) appointed Grandall Lawyers (Beijing) Anderson Law Firm and Beijing Deheng Law Firm to jointly serve as the administrators of Netinfo Securities Co., Ltd. In August, Netinfo Securities began to publicly recruit and select investors for bankruptcy reorganization.

However, brokerage licenses are still in demand. At present, Netinfo Securities has obtained business qualifications such as securities brokerage, securities self-operation, securities investment consulting, securities investment fund sales, securities asset management, securities underwriting, consignment sales of financial products, securities sponsorship, financial advisory related to securities trading, securities investment activities, and margin financing.

This article originated from the Financial News Agency