Core Viewpoint - A mini-fund company, Huachen Trust, is attempting to transfer 40% of its stake in Huachen Fund, with a starting price significantly above its assessed value, indicating ongoing financial struggles and a potential opportunity for buyers [1][5][6]. Group 1: Transfer Details - Huachen Trust has listed a 40% stake in Huachen Fund for transfer at a base price of 17.2 million yuan, starting from November 24, 2025, to December 19, 2025 [1][3]. - If no buyers are found by the end of the listing period, the stake will be re-listed [3]. - The transfer is legally supported, with clear ownership and no restrictions on rights [3]. Group 2: Financial Performance - Huachen Fund reported a revenue of 4.01 million yuan in 2024 but incurred a net loss of 20.01 million yuan [5]. - In the first three quarters of 2025, the fund recorded a further net loss of 11.4 million yuan, with negative equity of -3.89 million yuan [5]. - The fund's assessed value is 4.52 million yuan for the 40% stake, leading to an overall valuation of approximately 11.31 million yuan [5][6]. Group 3: Historical Context - Since its establishment, Huachen Fund has consistently underperformed, with Huachen Trust reporting cumulative investment losses of nearly 70 million yuan over 12 years [7]. - The fund has only successfully launched four out of eleven proposed funds, with two already liquidated due to small sizes [8][9]. - Regulatory actions have been taken against Huachen Fund due to its net assets falling below 50 million yuan [9]. Group 4: Market Position and Future Outlook - Huachen Trust is recognized as the smallest trust company in terms of asset management, with total assets under management consistently below 1 billion yuan [10][11]. - The company aims to refocus on its core trust business and improve its financial performance under new management [11].
巨亏后清仓！华宸信托溢价出让华宸未来基金40%股权，能否觅得买家？
Xin Lang Cai Jing·2025-11-27 06:32