SWSC(SH:600369) 券商中国·2025-09-14 07:06Core Viewpoint - Southwest Securities is actively disposing of assets, including over 70 projects involving real estate, parking spaces, and vehicles, primarily due to previous bond defaults by developers linked to these assets [2][5][6]. Group 1: Asset Disposal Details - From September 10 to 12, Southwest Securities listed more than 70 asset transfer projects, with a total minimum transfer price of approximately 487.82 million yuan [3][4]. - The majority of the assets are parking spaces, with 68 spaces located in Zhengyuan Xiangyuan, each priced at 21,000 yuan. Additionally, two real estate projects and three Audi vehicles are also listed for sale [3][4]. - The real estate projects include a 122.66 square meter property in Anhui Province priced at 1.0426 million yuan and a 666.15 square meter property in Dalian priced at 2.3315 million yuan [3][4]. Group 2: Background of Asset Ownership - The assets being disposed of are linked to developers whose controlling shareholders have previously been sued by Southwest Securities due to bond defaults [5][6]. - Southwest Securities confirmed that the assets are indeed collateral for two defaulted bonds in litigation, and the actual ownership belongs to the asset management products issued by Southwest Securities, not the company itself [2][5]. Group 3: Legal Proceedings and Financial Recovery - In 2019, the developer Zhengyuan Real Estate faced a debt crisis, leading to bond defaults and subsequent lawsuits from multiple financial institutions, including Southwest Securities [6][7]. - Southwest Securities has recovered approximately 54.786 million yuan through cash and asset disposals related to these legal proceedings, with ongoing efforts to recover additional funds [7][8]. - The company has also engaged in similar legal actions against Anhui Foreign Economic Construction Group, which has entered bankruptcy proceedings, further complicating asset recovery [7][8]. Group 4: Industry Trends - Other securities firms are also engaging in asset disposals to optimize their asset structures and improve operational efficiency, with notable examples including Hongta Securities and Huaxi Securities [8].