On the evening of March 9, Hang Seng Electronics disclosed the progress of the incident and announced that the bank deposits of Hang Seng Bank were frozen and allocated. At present, Hang Seng Network is unable to continue normal operations and is in a state where its net assets are not sufficient to pay fines. The company will supervise Hang Seng Network. According to relevant laws and regulations, actively cooperate with the processing.
The announcement indicated that on March 8th Hang Seng Network received the “execution notice” and “enforcement ruling” of the Xicheng Court. The Xicheng Court ordered the Hang Seng Network to immediately fulfill the obligations determined by the effective legal document and bear the interest on the debt during the delay in performance. , Application for the implementation fee and the actual expenditure incurred during the execution. Overdue non-performance, West City Court will be enforced according to law.
The main content of the "Enforcement Ruling" is a freeze, allocating bank deposits from the Hang Seng Network; freezing, detaining, and extracting Hang Seng Network's income from performing obligations, as well as seizure, freezing, seizure, detainment, abstraction, auction, and sale of Hang Seng Network shall fulfill its obligations. Part of the property.
On November 25, 2016, the China Securities Regulatory Commission disclosed the penalty decision on Hang Seng Network and confiscated the illegal income of Hang Seng Network amounting to approximately RMB109.86 billion, and imposed a fine of approximately RMB329.6 million. The company’s chief executive Liu Shengfeng and Chief Executive Officer Guan Xiaochen were warned. , And were fined 300,000 yuan respectively; The total fine was about 440 million yuan.
It is reported that Hang Seng Network is a legally registered company with a registered capital of 200 million yuan. Its business scope includes technology development, consulting and service, and it undertakes system application management and maintenance in order to undertake service outsourcing. The HOMS system is one of its core products.
According to the information disclosed by Hang Seng Electronics on December 14, 2016, Hang Seng Electronics directly holds 60% equity of Hang Seng. In addition, Hang Seng Electronic also passed Ningbo Yunhan Equity Investment Management Partnership (Limited Partnership) (which is the innovation business of Hang Seng Electronics employees). Holding stock investment platform) etc. indirectly hold about 28.86% equity of Hang Seng Network.
According to the weather information, Hang Seng’s major shareholder is Hangzhou Hang Seng Electronics Group (holding 20.72%), while Zhejiang Ant Small Finance Services Group Co., Ltd. passes 100% of Zhejiang Rongxin Network Technology Co., Ltd. to Hangzhou Hang Seng Electronics Group. The actual control person is Ma Yun.
Hang Seng Electronics stated that the Hang Seng Network is currently unable to continue its normal operations and is in a state where its net assets are insufficient to pay the financial penalty imposed by the SFC. As of March 9, 2018, the Hang Seng Network has already paid the fine for administrative penalties. RMB 26.65 million, not paid approximately RMB 417 million, and the monetary fund balance was approximately RMB 497,300 (unaudited). As of the end of 2017, the amount of net assets was approximately RMB 421 million.
According to industry sources, there are two ways to deal with the high price penalties on Hang Seng. One is to pay the parent company's fines and the other is to make Hang Seng network go bankrupt. According to the announcement, Hang Seng Electronics expects the net profit for 2017 to be 450 million to 510 million yuan. , And the 2016 annual report shows that Hang Seng's net profit is only 18.29 million.
Previously, Hang Seng Electronics, an insider who declined to be named, told UI News that its parent company, Hang Seng Electronics, prefers to bankrupt the Hang Seng Network. 'HengSheng.com's company had no quality products except the homs system. There was almost no revenue. And the homs system blew up such a big catastrophe when the stock market fluctuates in 2015, and was banned.
Another resigned Hang Seng Electronics employee once told reporters that during the period when the CSRC planned to impose penalties on Hang Seng Electronics in September of 15 years and formally imposed a penalty in 16 years, Hang Seng Electronics had considered letting Hang Seng Network go bankrupt, but taking into account the ticket There will be no penalties for the subject to cause greater skepticism and concern from the outside world and give up the idea.
Lawrence Ding, a lawyer from Shanghai Dingshan Law Firm, told the interface news: 'As far as a limited liability company is concerned, shareholders only have limited liability within the scope of the subscribed capital contribution. Hang Seng Network, as a limited liability company, has an independent legal personality and can be legally independent. Bear civil liability. If Hang Seng's network becomes insolvent and goes bankrupt, its shareholders (parent company) can only assume limited liability within the scope of their subscribed capital, and do not need to assume other responsibilities.
In addition, Hang Seng Electronics made a risk warning in the announcement that the company has uncertain risks including, but not limited to, loss of company reputation, potential business regulatory risks, potential access qualification restrictions, and short-term refinancing Risk, related risks brought about by this enforcement, etc.