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The first participating state-owned enterprise mixed reform fund officially liquidates Jiashiyuan and realizing equity

The first participating state-owned enterprise mixed reform fund officially liquidates Jiashiyuan and realizing equity
Beijing Commercial Daily’s original title: The first participating state-owned enterprise mixed reform fund liquidation cashed out Beijing Commercial News (Reporter Meng Fanxia Liu Yuyang) The first public participation fund that participated in state-owned enterprise mixed reform was officially wound up.On August 13, Castrol Fund announced that its subsidiary Castrol and Direct Investment Closed Hybrid Initiative 杭州桑拿网 Securities Investment Fund (hereinafter referred to as Castrol Yuanhe), due to its holding of Sinopec Sales Co., Ltd. (hereinafter referred to as “Sinopec””) Sales company”) 1.The 4% equity has been fully realized, and the liquidation process has entered into since August 13.However, at present, the takeover party and the related amount of Sinopec’s equity in the company are unknown. Some relevant parties have disclosed that further details of Castrol Yuanhe are expected to be announced in the near future.  On August 13, Harvest Fund issued an announcement regarding the settlement of Harvest Fund and fund property and the termination of the fund contract.The announcement showed that Jiashiyuan and the interest of the target company had been fully realized. According to the relevant agreement of the fund contract, it was the cause of termination of the fund contract and should be liquidated according to the agreement of the fund contract.According to the schedule for realizing the equity of the target company, the last operation date of Castrol Yuanhe is August 12, and it will enter into the liquidation process from August 13.  It is worth mentioning that, at the beginning of the issuance, Jiashiyuan and Zeng had attracted much market attention because they were the first public fund to participate in the mixed reform of state-owned enterprises.  On the first day of its issuance, Castrol Yuanhe was actively subscribed by investors, and the effective subscription amount was approximately 181.73 trillion, exceeding the stipulated ceiling of 100 trillion.In the end, the fundraising ended on the day of issuance, and the investor’s subscription confirmation ratio was 55.27%, with a scale of 10 billion yuan.  It should be noted that the fund contract will be terminated before the end of the life period due to the “re-realization of all the interests of the target company held by Jiashiyuan”, but in the end, Sinopec’s sales company is no longer listed, which meansExisting institutions or individuals took over the aforementioned Sinopec sales company1.4% equity.  Regarding the details of the institutions / individuals who took over and the relevant amounts, a reporter from Beijing Commercial Daily called and interviewed Harvest Funds. The relevant person in charge stated that the announcement shall prevail.In addition, the reporter also issued an interview with Sinopec Group Co., Ltd. on the above issues and the latest progress of the listing of Sinopec’s sales company, but before the publication was terminated, no relevant response had been received.Data show that China Petroleum & Chemical Corporation is the controlling shareholder of China Petroleum & Chemical Corporation.