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Recently, FOTIC once again listed its 25% stake in Baoying Fund for transfer on the Beijing Equity Exchange.

Since the beginning of this year, shareholders of many small and medium-sized public funds such as Qianhai United Fund, Donghai Fund, and Jiahe Fund have sought to transfer their shares. However, the transfer process of these shareholders is mostly not smooth, and the phenomenon of unsold shares frequently occurs.

In the past two years, due to the impact of the fee reduction trend, market downturn, talent loss, intensified industry competition and other factors, the competitiveness of small and medium-sized public fund companies has weakened, and their equity attractiveness has also declined. Against this backdrop, the difficulty of equity transfer of small and medium-sized public funds has also increased. It cannot be ignored that the equity proportion of financial investment alone is often difficult to attract buyers.

FOTIC once again transfers equity in Baoying Fund

Information from the Beijing Equity Exchange shows that the 25% equity interest in Baoying Fund held by Foreign Trade Trust is being listed on the Beijing Equity Exchange. The pre-disclosure start date is August 23, 2024, and the pre-disclosure announcement period is no less than 20 working days from the date of the announcement.

This is the second time that FOTIC has tried to transfer its stake in Baoying Fund. From June 13 to July 10, 2024, FOTIC also listed the stake for transfer, but failed to find a suitable buyer.