Huaxin Trust Will Dispose of Its Equity Stake in Datong Securities

MetaMuskRat · 2026-03-19T08:12:45+00:00

Huaxin Trust released an announcement stating that its shareholding in Datong Securities is about to enter the disposal process. The relevant creditor meeting resolution has been passed, marking that Huaxin Trust, due to its own operational difficulties and bankruptcy restructuring, has decided to dispose of its 28.26% equity stake as the largest shareholder. Huaxin Trust hopes to improve its debt crisis and enterprise operations through restructuring.

MetaMuskRat

2026-03-19 08:12:45

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Securities Times Reporter Liu Yiwen

Recently, Huaxin Trust issued an announcement titled “Notice Regarding the Voting Results of the First Creditors’ Meeting for the Restructuring of Anding Company,” which mentions that Huaxin Trust’s equity in Datong Securities is about to enter the disposal process.

The announcement states that the creditors’ meeting was held on February 13. Dalian Anding Enterprise Management Co., Ltd. has received the first creditors’ meeting voting results announcement from Huaxin Trust’s administrator. The three proposals submitted for voting—“Property Management and Disposal Plan,” “Plan for Disposing of Shares in Datong Securities Co., Ltd.,” and “Proposal to Hold Creditors’ Meeting and Vote Remotely”—were all approved. This means Huaxin Trust’s equity in Datong Securities will be disposed of.

Datong Securities’ 2024 annual report shows that Huaxin Trust holds 28.26% of Datong Securities’ shares, making it the company’s largest shareholder. In 2024, Datong Securities achieved revenue of 397 million yuan, an 8% increase year-over-year; net profit was 125 million yuan, a 28% increase. As of the end of 2024, Datong Securities’ total assets amounted to 9.706 billion yuan.

The disposal of Huaxin Trust’s equity in Datong Securities is related to Huaxin Trust’s own operational status. On October 23, 2025, the Dalian Financial Regulatory Bureau approved Huaxin Trust’s bankruptcy, stating that after review, Huaxin Trust is permitted to proceed with bankruptcy procedures.

Huaxin Trust’s submitted report titled “On the Necessity and Feasibility of Huaxin Trust’s Restructuring” states that Huaxin Trust is the only trust company in Liaoning Province with a trust license. Through restructuring, it aims to resolve its debt crisis, restore sustainable operations, and enhance the value of its trust license, which is beneficial for protecting creditors’ legal rights and maintaining financial order. Additionally, Huaxin Trust has developed preliminary plans for introducing restructuring investors, debt repayment, and subsequent operations. Through the restructuring process, Huaxin Trust can adjust investor rights based on its asset-liability situation, introduce new strategic investors, legally settle debts, and operate in line with market trends under a new equity structure, maximizing the value of the company and its trust license.

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