What will happen if the bill acceptance giant Minchuang Group delays payment?

What will happen if the bill acceptance giant Minchuang Group delays payment?

The delay in payment by Minchuang Group, a bill acceptance giant, will lead to a decline in share prices, people's distrust and so on. For example, since 20 16, Bohui Innovation's share price (pre-reversion right) has dropped from 13 yuan to the present 5.4 yuan, with the lowest drop to 3.7 yuan.

The core business of Minchuang Group is the high-frequency transaction of bank bills. Banks give 0.2% preferential interest rate to bulk bills, and the theoretical annualized rate of return can reach 50% after 250 trading days. Specifically, the core platform of bill business is Wuhan Hai huitong financial Service Co., Ltd. In a draft of 20 18, Hai Huitong said that it has established cooperative relations with more than 0/00 banks nationwide and gained price advantages through price comparison among many banks. Wuhan Haihuitong also established Chengdu Tongtianxia Bill Information Service Co., Ltd. in September 2065438+2008, which coincided with the time when Minchuang held the "Great Health Industry Financial Summit Forum" in Chengdu. In addition, Qiu Wei, president of Chengdu Tongtianxia, also attended the event with senior officials of Minchuang for many times. For example, according to a state-owned media report, Minchuang Group settled in Lujiazui, Shanghai on June 5438+ 10, and attended the ribbon-cutting ceremony with Hu, Chairman of Minchuang Group, and Peng, Chairman of the Board of Directors.

Why is there a thunderstorm in Minchuang Group? Earlier, a reporter learned through relevant channels that in addition to risk reasons, senior executives of Minchuang Group and related parties currently hold shares in a number of A-share companies, involving equity incentives such as Bohui Innovation (3003 18, shares bar) and Xingmin Zhitong (002355, shares bar). However, in recent years, the stock price of the target company has continued to fall, which is probably one of the important reasons for Minchuang Thunderstorm. Bill acceptance giant "Thunderstorm"

The group started in Wuhan and later moved its headquarters to Shenzhen. From 2065438 to September 2008, Minchuang Group held the "Great Health Industry Financial Summit Forum and the Exchange and Cooperation Meeting between Minchuang Group and Financial Institutions" with the local government in Chengdu. Chairman Peng said that pension, health, finance and value-added services were the four core businesses of Minchuang, which were very popular at that time.

Summary: The delay in payment by Minchuang Group, a bill acceptance giant, will lead to the decline of stock price and people's distrust of it.