Uncover bank credit vulnerabilities, music as tens of billions of credit or unused
touzhongwang· 2017-07-08 00:27:20
" China Times (public No.: ChinaTimes) reporter Xiao Shenzhen reported LETV
Junxiu taozhairen is not only the supplier, is the survival of the bank. Recently, the music as the debt, China Merchants Bank (600036.SH) became the first application for asset preservation of the bank, the application freeze, including Jia Yueting couple as well as music assets totaling 1 billion 236 million yuan. This reporter learned from informed sources, as the music has conducted an urgent talks with China Merchants Bank, how to solve the debt problem to further communicate. Then, the Chinese Merchants Bank in the music as a loan overdue how many, the success rate of debt recovery, how will it affect the performance?
China Merchants Bank asset preservation opened the music as the tip of the debt of the bank, other banks have also shot". Recently LETV Chairman Jia Yueting resigned from all positions, in July 6th micro-blog said LETV, urge everyone to give some time to financial institutions, suppliers and all the money but also on the whole. How big is
performance? ? China Merchants Bank
to LETV debt collection, asset preservation contests to enter the stage, then to see how LETV maneuvers funds to repay the loan principal.
"this overdue loan is music as the mobile phone business, as the music of the non-listed company debt, but China Merchants Bank adopted a means of asset preservation, which makes music holdings have to consider the whole issue. "The insider said, this will indirectly affect the music as a whole ecology and financing," so music can not sit idly by, should try every means to deal with the debt. "
2017 in June 26th, China Merchants Bank Shanghai branch north to the Shanghai Municipal Higher People's court for property preservation, the applicant to request the freezing wind mobile music Limited Hong Kong Company, as the mobile intelligent information technology (Beijing) Co., Ltd., as the holding (Beijing) Co. Ltd., Jia Yueting, Wei Gan's bank deposits totaling 1 billion 236 million yuan, or the seizure of other the equivalent property, and to their own property to provide credit guarantees. At the same time, it also blocked the music holding (Beijing) Co., Ltd. in the grand Polytron Technologies Inc 40% stake and bonus, frozen for 3 years.
so, how much did the China Merchants Bank lend to the music? How much are the overdue loans? According to the agreement, China Merchants Bank Shanghai branch to provide mobile Sichuan style for a total of 2 billion 200 million yuan loan. As music did borrow this loan what to do?
2015 June 28th, Le Feng mobile price of more than 2 billion 700 million Hong Kong dollars, from the hands of Guo Deying transferee group 780 million shares of cool (about 18% of total share capital), became cool second largest shareholder.
, a Shenzhen banking source also said: "from a variety of information, China Merchants Bank loaned music as a mobile phone business should be 2 billion 700 million Hong Kong dollars, of which 1 billion 400 million Hong Kong dollars to repay, and the remaining estimated 1 billion 300 million Hong Kong dollars have not yet.". "
, the CMB frozen the music assets of 1 billion 236 million yuan, and 1 billion 300 million Hong Kong dollars have not yet loans almost, so the music as the problem should be owed 1 billion 300 million Hong Kong dollars up and down. So how much risk would the 1 billion 300 million Hong Kong dollar debt be brought back?
7 3, as the music holding side said, for China Merchants Bank's loan asset pledge, enough to cover debt. China Merchants Bank also said the reporter, apply for asset preservation, the Shanghai branch of China Merchants Bank and LETV occurrence of business risks under control, does not exclude subsequent way through friendly consultations and LETV solving related problems.
if the worst result to be calculated, China Merchants Bank in the music as 1 billion 300 million Hong Kong dollar loans all losses, the quality of China Merchants Bank asset quality will have much impact? 1 billion 300 million Hong Kong dollar loans, equivalent to 0.03% of the overall loan in the first quarter of this year, accounting for less than 2% of the total non-performing loans, so that non-performing loans increased by about 3 basis points.
recently, Nomura Research Report said that if the Chinese Merchants Bank as the music 10 billion yuan of credit lines have not been used, I believe that music as the loan to China Merchants Bank's financial statements or will not have a significant impact. In November 2015, China Merchants Bank and LETV has signed a strategic cooperation agreement, China Merchants Bank Shanghai branch will provide as the holding and its companies to provide 10 billion yuan of strategic global credit line, in order to meet the domestic demand for funds LETV business.
"from the current point of view, China Merchants Bank in music as the mobile phone business, the loan at about HK $1 billion 300 million, even if the merchants bank as the music has other loans, it should be a normal loan, there is no problem. "Analysis of the above banking industry in Shenzhen.
other banks in the
Merchants Bank as the first application for asset preservation of the bank, opened the music as a number of banks in debt problems.
, according to media reports, CITIC Bank, industrial bank, Zhejiang bank, construction bank, bank, Bank of Ningbo, Beijing Chinese bank, Ping An Bank, Huaxia Bank, Tianjin bank, Prudential Bank Beijing branch, Jiangsu branch of Bank of Beijing and other major domestic commercial banks with the music ever or maintain a partnership of the bank.
CITIC Bank said, 2016 issued a loan to LETV, mortgage and pledge of equity, as well as Jia Yueting's joint liability guarantee, the loan is still in the process of implementation, the latest progress will continue to focus on the loan.
Minsheng Bank, said, as the music department in the bank no custody of shares; in addition to a reference to music as the stock investment 640 thousand yuan, the music department is currently in the bank without its