6 million guarantees project overdue Heng finance two step on the new three board pledge-kd.wuhan.net.cn

6 million shares of general financial guarantee project overdue constant two degrees on a mine three new board pledge newspaper reporter Livy Beijing reported to the late 81, 82 total Jiuding Jiuding expect to pay principal and interest amounted to 45 million 150 thousand yuan, while the pledge of 6 million of its shares Jiuding group shares, the high of last year after the suspension has yet to resume trading. Risk events related to the pledge of equity pledge of new three board appear again in Hengtai securities’s Internet financial service platform – Heng Pu finance. September 19th, twenty-first Century economic report reporter from the universal constant financial platform investors understand that it received a notice from the official announcement of the general financial constant, constant in a general financial 6 million shares Jiuding group (430719.OC) to pledge loan subject (2) is overdue, the total amount not involving interest less than 45 million 150 thousand yuan. Reporters immediately confirmed the authenticity of the overdue events from Heng Yuan financial department. In the industry view, as a P2P online business, overdue financing projects exist single financing amount is too high, pledge rate is too high, securities liquidity is poor and other issues. In fact, this is not Heng Heng finance for the first time with the new three board stock pledge financing related risk events. As early as the beginning of the year, Heng Heng Finance issued a new third board company 430431.OC as the pledge of the subject of the loan, Feng Yang also suffered share price diving, shares frozen and other twists and turns. Although the event was calmed down later, but the new board stock pledge financing business and Heng Pu finance and other online P2P platform cooperation risk hidden behind, is being highly concerned about the market. Over 45 million yuan lending on a mine September 16th, a year before the completion of the collection of "new three – – -508281 Jiuding investment pledge" (hereinafter referred to as the payment due Jiuding 81); but a constant general financial announcement announced, and is expected to expire in September 25th 81 Jiuding "new three – Jiuding investment – pledge (-508282 82) two projects are hereinafter referred to as Jiuding will declare overdue. Up to now, owing to the problem of personal funds turnover, the borrower can not repay the principal and interest on time." Heng Heng finance’s announcement to investors. According to the general constant financial website, as the Internet financial services platform Hengtai Securities Group, focused on the new board and the Shanghai and Shenzhen A shares of equity pledge financing business, the risk of project is a new board of leading companies Jiuding group stock pledge loan as a single subject. Reporter access to relevant financial disclosure materials Hengpu was informed that 81, 82 two Jiuding Jiuding project work in September last year, the amount was 21 million yuan, a total of 45 million 150 thousand yuan to pay interest, period of one year and the annual yield of 7.5%, and two projects belong to the same borrower, namely a shareholder Jiuding group. According to a close to Heng Heng financial sources, the two projects are actually a project, and then split into two stages, and constant finance in order to reduce the appeal of a single financing cap. "Actually, the contract is written. The two phases are actually a project, and then Heng Heng is divided into two periods Online

600万股担保项目逾期 恒普金融二度踩雷新三板质押    本报记者 李维 北京报道   导读   此次逾期的九鼎81、九鼎82合计到期待付本息达4515万元,而为其质押担保的600万股九鼎集团股票,去年高位停牌后至今未复牌。   与新三板股权质押有关的风险事件再度出现于恒泰证券旗下的互联网金融服务平台――恒普金融上。   9月19日,21世纪经济报道记者从恒普金融平台投资人处了解到,其收到一份来自恒普金融的官方公告通知称,恒普金融的一个以600万股九鼎集团(430719.OC)为质押担保的借款标的(共两期)出现逾期,合计涉及本息总额不低于4515万元。   记者随即从恒普金融处确认了上述逾期事件的真实性。在业内人士看来,作为一个P2P在线业务,逾期的融资项目存在单笔融资额过高、质押率过高、担保品股票流动性较差等问题。   事实上,这并非恒普金融首次遭遇与新三板股票质押融资有关的风险事件。早在年初,恒普金融发布以新三板公司枫盛阳(430431.OC)为质押标的的借款标的后,枫盛阳也遭遇股价跳水、股份冻结等波折。   虽然后来枫盛阳事件得以平息,但新三板股票质押融资业务和恒普金融等线上P2P平台合作背后风险隐患,正在被市场高度关注。   超4500万元借贷踩雷   9月16日,一年前完成募集的“新三板-九鼎投资-质押-508281”(下称九鼎81)本应到期兑付;但恒普金融的一份公告宣布,九鼎81和预计于9月25日到期的“新三板-九鼎投资-质押-508282”(下称九鼎82)两只项目均将宣告逾期。   “截至目前,借款方由于个人资金周转问题,无法如期兑付本息。”恒普金融对投资人的公告表示。   据恒普金融网站介绍,其作为恒泰证券旗下的互联网金融服务平台,专注于新三板及沪深A股股权质押融资业务,出现风险的项目正是以新三板龙头公司九鼎集团的股票作为质押的一单借款标的。   记者查阅恒普金融相关披露材料获悉,九鼎81、九鼎82两期项目起息于去年9月份,金额分别均为2100万元,合计到期待付本息达4515万元,期限一年且年化收益率为7.5%,且两期项目属同一借款人,即九鼎集团某股东。   据一位接近恒普金融人士透露,上述两期项目实际为一笔项目,后来拆分成两期发布,与恒普金融为了降低单笔融资上限的诉求有关。   “其实合同上有写,这两期实际上是一个项目,然后恒普在线上分成了两期来发行。”一位接近恒普金融人士透露。   值得注意的是,上述两期项目若实际对应一单融资标的,其累计债权持有人或将超过非公开募集资金的“200人红线”。   据恒普金融披露,九鼎81项目涉及借款人78名;九鼎82借款人136名,即两单项目的累计投资人合计达217人。   “把一单项目拆分成多期来发行,解决单笔融资额过大的问题,是P2P领域的常见现象。”9月19日,零度财经首席分析师卓刀泉表示,“但这种模式涉嫌存在规避单只项目投资者人数过多、单笔项目拆分募集的合规性问题。”   事实上,借款标的披露的资金募投方向时,被标注为“现因个人投资需要,特向借款人借款满足其需求”。   “它的借款用途是投资而不是必须性的补充流动资金或生产运营,这样解释用途甚至可以理解为配资。”卓刀泉认为,“不排除是此前一些LP(有限合伙人)转股后,在九鼎停牌后为了第二次解决流动性来进行的融资。”   不过截至发稿,记者尚未能获悉该项目借款人的真实身份和具体情况。从上述项目起息前的九鼎集团2015年中报来看,当时持股量排名第十位股东持有九鼎集团3856.37万股,因此上述项目借款方有可能在前十大股东以外。   安全垫“可靠性”待考   新三板股票质押背后的高风险众所周知,但该项目标的可谓与众不同――无论是交易活跃度还是市值体量上,九鼎集团都占据新三板市场龙头地位。   那么,上述两标的融资方所提供质押的600万股九鼎集团股票能否成为风险暴露的可靠安全垫呢?   从公开数据的计算结果来看,情况似乎不容乐观。若以停牌前20个交易日均价计算,九鼎集团停牌前均价为16.49元 股,上述借款标的所质押的600万股对应市值应达9894万元,按项目待偿本息4515万元计算,折算率约合45.63%。   “这个折算率对于A股来说还可以,但对新三板来说确实有些高了,毕竟新三板流动性要差一些。”北京一家基金子公司项目经理表示,“这么高的折算率可能是在项目设立之初,九鼎还是有较高的流动性预期和龙头效应。”   但需强调的是,该项目起息于去年9月15日,当时九鼎集团已在更早的6月初进入停牌阶段至今尚未复牌。   “九鼎几乎是在去年A股巨震前最高点停牌的,虽然停牌一直不断策划重大交易等利好,但从估值水平来看,仍处于较高位置。”9月19日,中信证券一位新三板买方人士指出,“复牌后补跌压力明显。”   交易所数据显示,截至9月19日,上证指数较去年6月初累计下跌超过35%。若参考同属金控平台的部分A股公司对比,九鼎集团可能遭遇的回撤比例也各不相同,例如中国平安(601318.SH)距九鼎集团停牌时的2015年6月5日仅回撤17.35%,但中航资本(600705.SH)则较彼时价格下跌超过55%。   此次风险事件也可能给即将复牌的九鼎集团以压力,据九鼎集团公告称,其拟延期至10月15日复牌。   “恒普金融可能需要处置质押的股份,会给九鼎带来抛压,复牌后的股价将更难以预估。”前述基金子公司项目经理坦言。   恒普金融表示,在本项目追偿期间,借款方的罚息将依据合同约定“借款人尚未清还的全部剩余本金和利息自逾期之日起按“万六每日”计算收取逾期罚息,直至逾期的利息及罚息或利息、本金及罚息清偿完毕之日。”   和此前枫盛阳股价暴跌折射的市场风险相比,此次九鼎集团作为股票质押标的隐藏的更多是股票长期停牌带来的流动性风险。   “九鼎虽然在新三板上是大公司,之前成交活跃度也非常好,但停牌带来担保品的处置风险,比如在停牌阶段,是没法变现股份保兑付的。”前述基金子公司项目经理指出,“从停牌和流动性的角度看,新三板在足值率应做到更低、更安全才对。”   (记者微信:lw8346860)(编辑 巫燕玲) 进入【新三板主题吧】讨论相关的主题文章:

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