Shanghai Securities News China Securities Network News (Reporter Ma Jiayue) April 11pokerholdemMinsheng Trust issued an announcement saying that in order to improve the efficiency of the company's operation and management, the company signed the Entrusted Service Agreement with CITIC Trust Co., Ltd. and Huarong International Trust Co., Ltd. after deliberation and approval by the shareholders 'meeting and the board of directors, hiring the above two companies to provide services for the daily operation and management of Minsheng Trust. The creditor's rights and debt relationship and trust legal relationship related to Minsheng Trust will not change accordingly. The commissioned service shall commence on April 11, 2024, and the end time shall be negotiated by both parties.
According to public information, Minsheng Trust registered capital of RMB 7 billion yuan, the controlling shareholder is Wuhan Central Business District Co., Ltd. In recent years, many products of Minsheng Trust have been delayed. At the end of 2021, China Oceanwide Holding Group said that the Group made every effort to promote asset disposal, introduce strategic investors, collect creditor's rights and other work, and some asset disposal work achieved good results. However, on the whole, the asset disposal was less than expected, and the liquidity support provided to Minsheng Trust failed to meet expectations.
