[Today’s Guide]
> 6th Tibet work conference to convened soon, Tibet to see great-leap-forward development again
> CNPC and Sinopec to complete upgrading of oil products in advance, El Nino comes violently
> Hangzhou Century to layout medical informatization, Wansheng to acquire Dawei Assistants
> Polymer Biochemicals to acquire Yilong Hengye, Narada Power Source to transform into Internet of energy
[XFA Focus]
○ 6th Tibet work conference to convened soon, Tibet to see great-leap-forward development again
------
The governmental executive meeting of Tibet Autonomous Region convened recently points out that more powerful measures shall be taken to maintain social stability and to create a sound atmosphere for the 50th anniversary of the establishment of Tibet Autonomous Region, marking the official startup of celebration activities. The Tibet-related stocks sector will see many opportunities in succession, and the 6th Tibet work conference is included. More policies supporting Tibet will be launched and Tibet will see great-leap-forward development again.
Comment: The long-term peace and stability of Tibet is of great importance. The central government has always paying great attention to the stable development of Tibet. Chinese president Xi Jinping pointed out four years ago on the 60th anniversary celebration meeting of Tibet’s peaceful liberation that Tibet is an important security barrier of China. Accelerating Tibet’s development and maintaining Tibet’s stability are the central government’s strategic planning and specific requirement. In fact, the economic construction of Tibet area has been increased obviously: its GDP growth in the first quarter of this year reaches 10 percent, ranking third among all cities and provinces nationally. Under the new round of policy support, Tibet will be promising in regional development
Among listed companies, Tibet Tianlu Co., Ltd. (600326.SH) is a leading engineering construction company in Tibet area; Tibet Tourism Co., Ltd. (600749.SH) owns exclusivity of multiple quality tourism resources; Tibet Urban Development and Investment Co., Ltd. (600773.SH), Tibet Galaxy Science & Technology Development Co., Ltd. (000752.SZ), etc. might also benefit from policies supporting the development of Tibet.
[XFA Selection]
○ The central bank announced the launch of large-denomination certificate of deposit on June 2, a key step forward in interest rate liberalization.
○ According to the disclosure by the central bank, the interest rate of Pledged Supplementary Lending (PSL) was reduced to 3.1 percent from 4.5 percent. Institutions believe that this move aims to reduce the financing cost of real economy.
○ The data published by the central bank shows that China’s mobile payment sees explosive growth in the first quarter with the payment amount seeing a year-on-year growth of more than 900 percent.
○ The Ministry of Commerce proposed on June 2 on press conference that great efforts will be spared to push forward the reform and development of medicine circulation area, promoting online sales of prescription medicine.
○ The Opinions on Promoting the Construction of Basic Informatization by the Ministry of Public Security was approved on June1. New technologies will be resorted to maintain public security.
○ Korean authority reported two deaths of MERS patients on June 2 and the number of confirmed MERS-infected patients climbed to 25.
[Industry Information]
○ CNPC and Sinopec announce to complete upgrading of oil products in advance
------
According to the report of CNR-1, China National Petroleum Corporation (CNPC) and China Petrochemical Corporation (Sinopec Group) respectively announced on June 2 that to implement the requirement of “Work Scheme on Accelerating the Quality Upgrading of Refined Oil Products” by the State Council, they will complete the quality upgrading of oil products in advance. Sinopec requires its refineries to finish the upgrading three months earlier than required by the State. At the meantime, it plans 13 “National VI” projects in six enterprises in advance.
Comment: The executive meeting of the State Council at end-April required accelerating the production and supply of clean oil products. Beijing is losing no time in formulating new local quality standards for gasoline and diesel oil. It is expected that the Yangtze River Delta and Pearl River Delta areas will catch up soon. The quality upgrading of oil products will promote the development of desulfurization industry. Shandong Sunway Petrochemical Engineering Co., Ltd. (002469.SZ) now owns abundant orders of desulfurization projects; the upgrading of oil products will boom the market demand on hydro-desulfurization catalyst of Beijing Sanju Environmental Protection & New Materials Co., Ltd. (300072.SZ).
○ ElNino comes violently, urban prevent-waterlogging construction to speed up
------
The Ministry of Transport issued emergency notice on June 2 requiring further strengthening measures against extreme climate disaster. Vice-premier Wang Yang recently hosted the State Council’s flood control and disaster relief special meeting and required mitigating the loss brought by flood disaster as much as possible.
Comment: Since the El Nino comes in a swift and violent way, the regions south of the Yangtze River and the southern part of China suffered serious flood disaster and this further increases the possibility of happening of extreme weather. Institutions estimate that under the reversed pressure of flood control and drought relief, China’s water conservancy construction and urban prevent-waterlogging construction will see accelerated development pace. As for listed companies, Goody Science & Technology Co., Ltd. (002694.SZ) is a domestic provider of plastic conduit and is engaged in urban water drainage and pollution discharge; Shandong Longquan Pipeline Engineering Co., Ltd. (002671.SZ) is principally engaged in pre-stressed concrete cylinder pipe which is widely applied in large-scale water transmission projects and municipal pollution discharge pipe.
[Announcement Interpretation]
○ Hangzhou Century to layout medical informatization with RMB6 mln, offering price of private placement over twice as market price
------
Hangzhou Century Co., Ltd. (300078.SZ) plans to raise 600 million yuan by issuing 12.00 million shares at 50 yuan per share (100 percent higher than its market price of 21.25 yuan per share) to acquire 30.86 percent equities of Ewell Company Limited and supplement working capital. Ewell focuses on providing large-scale medical institutions and national health with intelligent medical service system. Tibet Winfast Investment and Development Company Limited, a wholly-owned subsidiary of Jiangsu Winfast Investment Holding Group Company Limited, the company’s staff shareholding plan, Fang Zhenchun, a natural person, will participate in the subscription. Fang Zhenchun owns 2.66 percent equities of China Science & Merchants Investment Management Group (CSC), a PE giant on the National Equities Exchange and Quotations (NEEQ), commonly known as the New Three Board and similar to OTCBB in the U.S. market.
○ Wansheng to acquire Dawei Assistants
------
Zhejiang Wansheng Co., Ltd. (603010.SH) proposes to acquire 100 percent equities of Zhangjiagang Dawei Assistants Co., Ltd. priced at 350 million yuan by issuing shares and in cash. It will also raise a supporting fund of 111 million yuan by issuing shares to Gao Xianguo, the actual controller of the company, and other participants. The issue price of the shares is 22.91 yuan per share.
As a professional manufacturer of special alicyclic amine products, Dawei Assistants enjoys advantages in the market position and client resources. The counterparty committed that the net profit of Dawei Assistants from 2015 to 2018 will be no less than 40 million yuan, 45 million yuan, 50 million yuan and 55 million yuan, respectively.
○ Polymer Biochemicals to expand oil and gas services, Zexi to participate in private placement
------
Shandong Polymer Biochemicals Co., Ltd. (002476.SZ) plans to raise over 3.23 billion yuan by issuing 410 million shares at no less than 7.88 yuan per share through private placement. 880 million yuan will be used in acquiring 100 percent equities of Beijing Yilong Hengye Oil Engineering Technology Co., Ltd. 835 million yuan will be invested in the acid fracturing, coiled tubing and drilling and workover operation and services. 1.5 billion yuan will be invested in the oil and gas exploration project of Rally Canada Resources. Zexi Zengxu and Yingnawei Investment will participate in the private placement. The partners of the latter are employees of the company and its subsidiaries.
Yilong Hengye enjoys excellent technology, management experiences and a good reputation in the well completion, acid fracturing, coiled tubing services and other oilfield exploration and production expansion as well as shale gas development services. It has conducted oil and gas services business in Kazakhstan, Algeria and other overseas markets.
○ Narada Power Source to transform into Internet of energy with RMB2.45 bln
------
Zhejiang Narada Power Source Co., Ltd. (300068.SZ) intends to raise 2.45 billion yuan by issuing 175 million shares at 14 yuan per share through private placement. The proceeds will be invested in the new energy battery project, distributed energy network, repaying debts and supplementing the working capital. Some directors, supervisors and senior management of the company will subscribe the shares through the Licheng Narada Assets Management Plan. It will invest 500 million yuan in the first phase of the distributed energy network based on the cloud data management platform. It will conduct intelligent control through the cloud data management platform to achieve the intelligent and centralized management and control of energy at the stations and form an Internet of energy.
○ Topband to develop Industry 4.0 with RMB600 mln
------
Shenzhen Topband Co., Ltd. (002139.SZ) proposes to raise nearly 600 million yuan by issuing 32.26 million shares at 18.52 yuan per share through private placement. The proceeds will be invested in acquiring the automation project from Yako, the construction of the Tuobang Yiyuan (the operation center) and supplementing the working capital of the company. After the completion of the fund raising, the company will expand to the industrial automation industry based on its current intelligent control technology and business.
○ UniStrong to raise RMB650 mln to develop Beidou application
------
Beijing UniStrong Science & Technology Co., Ltd. (002383.SZ) plans to raise 650 million yuan by issuing 17.31 million shares at 37.37 yuan per share through private placement. The proceeds will be invested in the industrialization project of the Beidou high precision applications and supplementing the working capital of the company. Guo Xinping, the controlling shareholder of the company, HuaAn Fund, Fortune SG Fund Management Co., Ltd. and PingAn Assets Management Co., Ltd. will participate in the private placement.
○ Better Life to develop e-commerce platform with RMB3.4 bln
------
Better Life Commercial Chain Share Co., Ltd. (002251.SZ) intends to raise 3.4 billion yuan by issuing 128 million shares at no less than 26.47 yuan per share through private placement. The proceeds will be invested in the development of chain stores, the Better Life International Square, the Yunhou Big E-commerce platform as well as repaying debts. Better Life Investment Group, the controlling shareholder of the company, will subscribe 20 percent.
The Yunhou Big E-commerce platform will be based on the yunhou.com (the PC terminal and mobile apps upgraded by Better Life Store) to trade. It will develop a close ecological system covering the development of users, trading, logistics, delivery, analysis of clients behaviors, precision marketing and improvement of customers’ loyalty.
[Trading Trends]
○ Investors swarming into stock market, new accounts set record
------
The latest weekly report of the China Securities Depository and Clearing Corporation Limited (CSDC) shows that the Shanghai and Shenzhen bourses saw 4.43 million new A-share accounts last week, setting a new high. 1.64 million new investors entered into the market, increasing 82 percent over the previous week. The A-share investment activities increased significantly and 40.71 percent of accounts conducted transactions, increasing 34.88 percent over the previous week.
Comment: Based on the increasing new accounts and capital transfers, the wealth effect promoted the improvement in risks preference and drove more capitals into the market. Major securities companies and research institutes believe that the core logic of this round of bullish market is the micro economic transformation and the progress is far from an end. Small-cap growth stocks are more favorable in the market in the economic transformation.
[Trade Alarms]
○ 12 new shares for subscription on June 3, including Information Development
------
Zhongxin Information Development Inc., Ltd. Shanghai (300469.SZ) issues shares at 10.14 yuan per share with an upper subscription limit of 6,000 shares for each account. Shandong Synthesis Electronic Technology Co., Ltd. (300479.SZ) issues shares at 11.02 yuan per share with an upper subscription limit of 8,000 shares for each account. Beijing Hanjian Heshan Pipeline Co., Ltd. (603616.SH) issues shares at 11.35 yuan per share with an upper subscription limit of 13,000 shares for each account. Nanjing Inform Storage Equipment Co., Ltd. (603066.SH) issues shares at 12.43 yuan per share with an upper subscription limit of 10,000 shares for each account. Shanghai Baosteel Packaging Co., Ltd. (601968.SH) issues shares at 3.08 yuan per share with an upper subscription limit of 62,000 shares for each account. Victory Giant Technology (Huizhou) Co., Ltd. (300476.SZ) issues shares at 15.73 yuan per share with an upper subscription limit of 14,000 shares for each account. Fuxin Dare Automotive Parts Co., Ltd. (300473.SZ) issues shares at 28.76 yuan per share with an upper subscription limit of 10,000 shares for each account. Beijing New Universal Science Technology Co., Ltd. (300472.SZ) issues shares at 11.39 yuan per share with an upper subscription limit of 6,500 shares for each account. Chengdu Huaqi Houpu Holding Co., Ltd. (300471.SZ) issues shares at 54.01 yuan per share with an upper subscription limit of 7,000 shares for each account. Hangzhou Innover Technology Co., Ltd. (002767.SZ) issues shares at 14.87 yuan per share with an upper subscription limit of 10,000 shares for each account. Shenzhen Soling Industrial Co., Ltd. (002766.SZ) issues shares at 7.53 yuan per share with an upper subscription limit of 18,000 shares for each account. Anhui Fengxing Wear Resistant Materials Co., Ltd. (002760.SZ) issues shares at 8.31 yuan per share with an upper subscription limit of 8,500 shares for each account.
Full subscription of these shares needs 1.93 million yuan in total. Institutes advise Information Development as the first choice. It is a leading provider of overall solutions to archives informatization and food circulation and traceability. Besides, Synthesis Electronic Technology is also recommended as a terminal manufacturer in the identity recognition industry.
> 6th Tibet work conference to convened soon, Tibet to see great-leap-forward development again
> CNPC and Sinopec to complete upgrading of oil products in advance, El Nino comes violently
> Hangzhou Century to layout medical informatization, Wansheng to acquire Dawei Assistants
> Polymer Biochemicals to acquire Yilong Hengye, Narada Power Source to transform into Internet of energy
[XFA Focus]
○ 6th Tibet work conference to convened soon, Tibet to see great-leap-forward development again
------
The governmental executive meeting of Tibet Autonomous Region convened recently points out that more powerful measures shall be taken to maintain social stability and to create a sound atmosphere for the 50th anniversary of the establishment of Tibet Autonomous Region, marking the official startup of celebration activities. The Tibet-related stocks sector will see many opportunities in succession, and the 6th Tibet work conference is included. More policies supporting Tibet will be launched and Tibet will see great-leap-forward development again.
Comment: The long-term peace and stability of Tibet is of great importance. The central government has always paying great attention to the stable development of Tibet. Chinese president Xi Jinping pointed out four years ago on the 60th anniversary celebration meeting of Tibet’s peaceful liberation that Tibet is an important security barrier of China. Accelerating Tibet’s development and maintaining Tibet’s stability are the central government’s strategic planning and specific requirement. In fact, the economic construction of Tibet area has been increased obviously: its GDP growth in the first quarter of this year reaches 10 percent, ranking third among all cities and provinces nationally. Under the new round of policy support, Tibet will be promising in regional development
Among listed companies, Tibet Tianlu Co., Ltd. (600326.SH) is a leading engineering construction company in Tibet area; Tibet Tourism Co., Ltd. (600749.SH) owns exclusivity of multiple quality tourism resources; Tibet Urban Development and Investment Co., Ltd. (600773.SH), Tibet Galaxy Science & Technology Development Co., Ltd. (000752.SZ), etc. might also benefit from policies supporting the development of Tibet.
[XFA Selection]
○ The central bank announced the launch of large-denomination certificate of deposit on June 2, a key step forward in interest rate liberalization.
○ According to the disclosure by the central bank, the interest rate of Pledged Supplementary Lending (PSL) was reduced to 3.1 percent from 4.5 percent. Institutions believe that this move aims to reduce the financing cost of real economy.
○ The data published by the central bank shows that China’s mobile payment sees explosive growth in the first quarter with the payment amount seeing a year-on-year growth of more than 900 percent.
○ The Ministry of Commerce proposed on June 2 on press conference that great efforts will be spared to push forward the reform and development of medicine circulation area, promoting online sales of prescription medicine.
○ The Opinions on Promoting the Construction of Basic Informatization by the Ministry of Public Security was approved on June1. New technologies will be resorted to maintain public security.
○ Korean authority reported two deaths of MERS patients on June 2 and the number of confirmed MERS-infected patients climbed to 25.
[Industry Information]
○ CNPC and Sinopec announce to complete upgrading of oil products in advance
------
According to the report of CNR-1, China National Petroleum Corporation (CNPC) and China Petrochemical Corporation (Sinopec Group) respectively announced on June 2 that to implement the requirement of “Work Scheme on Accelerating the Quality Upgrading of Refined Oil Products” by the State Council, they will complete the quality upgrading of oil products in advance. Sinopec requires its refineries to finish the upgrading three months earlier than required by the State. At the meantime, it plans 13 “National VI” projects in six enterprises in advance.
Comment: The executive meeting of the State Council at end-April required accelerating the production and supply of clean oil products. Beijing is losing no time in formulating new local quality standards for gasoline and diesel oil. It is expected that the Yangtze River Delta and Pearl River Delta areas will catch up soon. The quality upgrading of oil products will promote the development of desulfurization industry. Shandong Sunway Petrochemical Engineering Co., Ltd. (002469.SZ) now owns abundant orders of desulfurization projects; the upgrading of oil products will boom the market demand on hydro-desulfurization catalyst of Beijing Sanju Environmental Protection & New Materials Co., Ltd. (300072.SZ).
○ ElNino comes violently, urban prevent-waterlogging construction to speed up
------
The Ministry of Transport issued emergency notice on June 2 requiring further strengthening measures against extreme climate disaster. Vice-premier Wang Yang recently hosted the State Council’s flood control and disaster relief special meeting and required mitigating the loss brought by flood disaster as much as possible.
Comment: Since the El Nino comes in a swift and violent way, the regions south of the Yangtze River and the southern part of China suffered serious flood disaster and this further increases the possibility of happening of extreme weather. Institutions estimate that under the reversed pressure of flood control and drought relief, China’s water conservancy construction and urban prevent-waterlogging construction will see accelerated development pace. As for listed companies, Goody Science & Technology Co., Ltd. (002694.SZ) is a domestic provider of plastic conduit and is engaged in urban water drainage and pollution discharge; Shandong Longquan Pipeline Engineering Co., Ltd. (002671.SZ) is principally engaged in pre-stressed concrete cylinder pipe which is widely applied in large-scale water transmission projects and municipal pollution discharge pipe.
[Announcement Interpretation]
○ Hangzhou Century to layout medical informatization with RMB6 mln, offering price of private placement over twice as market price
------
Hangzhou Century Co., Ltd. (300078.SZ) plans to raise 600 million yuan by issuing 12.00 million shares at 50 yuan per share (100 percent higher than its market price of 21.25 yuan per share) to acquire 30.86 percent equities of Ewell Company Limited and supplement working capital. Ewell focuses on providing large-scale medical institutions and national health with intelligent medical service system. Tibet Winfast Investment and Development Company Limited, a wholly-owned subsidiary of Jiangsu Winfast Investment Holding Group Company Limited, the company’s staff shareholding plan, Fang Zhenchun, a natural person, will participate in the subscription. Fang Zhenchun owns 2.66 percent equities of China Science & Merchants Investment Management Group (CSC), a PE giant on the National Equities Exchange and Quotations (NEEQ), commonly known as the New Three Board and similar to OTCBB in the U.S. market.
○ Wansheng to acquire Dawei Assistants
------
Zhejiang Wansheng Co., Ltd. (603010.SH) proposes to acquire 100 percent equities of Zhangjiagang Dawei Assistants Co., Ltd. priced at 350 million yuan by issuing shares and in cash. It will also raise a supporting fund of 111 million yuan by issuing shares to Gao Xianguo, the actual controller of the company, and other participants. The issue price of the shares is 22.91 yuan per share.
As a professional manufacturer of special alicyclic amine products, Dawei Assistants enjoys advantages in the market position and client resources. The counterparty committed that the net profit of Dawei Assistants from 2015 to 2018 will be no less than 40 million yuan, 45 million yuan, 50 million yuan and 55 million yuan, respectively.
○ Polymer Biochemicals to expand oil and gas services, Zexi to participate in private placement
------
Shandong Polymer Biochemicals Co., Ltd. (002476.SZ) plans to raise over 3.23 billion yuan by issuing 410 million shares at no less than 7.88 yuan per share through private placement. 880 million yuan will be used in acquiring 100 percent equities of Beijing Yilong Hengye Oil Engineering Technology Co., Ltd. 835 million yuan will be invested in the acid fracturing, coiled tubing and drilling and workover operation and services. 1.5 billion yuan will be invested in the oil and gas exploration project of Rally Canada Resources. Zexi Zengxu and Yingnawei Investment will participate in the private placement. The partners of the latter are employees of the company and its subsidiaries.
Yilong Hengye enjoys excellent technology, management experiences and a good reputation in the well completion, acid fracturing, coiled tubing services and other oilfield exploration and production expansion as well as shale gas development services. It has conducted oil and gas services business in Kazakhstan, Algeria and other overseas markets.
○ Narada Power Source to transform into Internet of energy with RMB2.45 bln
------
Zhejiang Narada Power Source Co., Ltd. (300068.SZ) intends to raise 2.45 billion yuan by issuing 175 million shares at 14 yuan per share through private placement. The proceeds will be invested in the new energy battery project, distributed energy network, repaying debts and supplementing the working capital. Some directors, supervisors and senior management of the company will subscribe the shares through the Licheng Narada Assets Management Plan. It will invest 500 million yuan in the first phase of the distributed energy network based on the cloud data management platform. It will conduct intelligent control through the cloud data management platform to achieve the intelligent and centralized management and control of energy at the stations and form an Internet of energy.
○ Topband to develop Industry 4.0 with RMB600 mln
------
Shenzhen Topband Co., Ltd. (002139.SZ) proposes to raise nearly 600 million yuan by issuing 32.26 million shares at 18.52 yuan per share through private placement. The proceeds will be invested in acquiring the automation project from Yako, the construction of the Tuobang Yiyuan (the operation center) and supplementing the working capital of the company. After the completion of the fund raising, the company will expand to the industrial automation industry based on its current intelligent control technology and business.
○ UniStrong to raise RMB650 mln to develop Beidou application
------
Beijing UniStrong Science & Technology Co., Ltd. (002383.SZ) plans to raise 650 million yuan by issuing 17.31 million shares at 37.37 yuan per share through private placement. The proceeds will be invested in the industrialization project of the Beidou high precision applications and supplementing the working capital of the company. Guo Xinping, the controlling shareholder of the company, HuaAn Fund, Fortune SG Fund Management Co., Ltd. and PingAn Assets Management Co., Ltd. will participate in the private placement.
○ Better Life to develop e-commerce platform with RMB3.4 bln
------
Better Life Commercial Chain Share Co., Ltd. (002251.SZ) intends to raise 3.4 billion yuan by issuing 128 million shares at no less than 26.47 yuan per share through private placement. The proceeds will be invested in the development of chain stores, the Better Life International Square, the Yunhou Big E-commerce platform as well as repaying debts. Better Life Investment Group, the controlling shareholder of the company, will subscribe 20 percent.
The Yunhou Big E-commerce platform will be based on the yunhou.com (the PC terminal and mobile apps upgraded by Better Life Store) to trade. It will develop a close ecological system covering the development of users, trading, logistics, delivery, analysis of clients behaviors, precision marketing and improvement of customers’ loyalty.
[Trading Trends]
○ Investors swarming into stock market, new accounts set record
------
The latest weekly report of the China Securities Depository and Clearing Corporation Limited (CSDC) shows that the Shanghai and Shenzhen bourses saw 4.43 million new A-share accounts last week, setting a new high. 1.64 million new investors entered into the market, increasing 82 percent over the previous week. The A-share investment activities increased significantly and 40.71 percent of accounts conducted transactions, increasing 34.88 percent over the previous week.
Comment: Based on the increasing new accounts and capital transfers, the wealth effect promoted the improvement in risks preference and drove more capitals into the market. Major securities companies and research institutes believe that the core logic of this round of bullish market is the micro economic transformation and the progress is far from an end. Small-cap growth stocks are more favorable in the market in the economic transformation.
[Trade Alarms]
○ 12 new shares for subscription on June 3, including Information Development
------
Zhongxin Information Development Inc., Ltd. Shanghai (300469.SZ) issues shares at 10.14 yuan per share with an upper subscription limit of 6,000 shares for each account. Shandong Synthesis Electronic Technology Co., Ltd. (300479.SZ) issues shares at 11.02 yuan per share with an upper subscription limit of 8,000 shares for each account. Beijing Hanjian Heshan Pipeline Co., Ltd. (603616.SH) issues shares at 11.35 yuan per share with an upper subscription limit of 13,000 shares for each account. Nanjing Inform Storage Equipment Co., Ltd. (603066.SH) issues shares at 12.43 yuan per share with an upper subscription limit of 10,000 shares for each account. Shanghai Baosteel Packaging Co., Ltd. (601968.SH) issues shares at 3.08 yuan per share with an upper subscription limit of 62,000 shares for each account. Victory Giant Technology (Huizhou) Co., Ltd. (300476.SZ) issues shares at 15.73 yuan per share with an upper subscription limit of 14,000 shares for each account. Fuxin Dare Automotive Parts Co., Ltd. (300473.SZ) issues shares at 28.76 yuan per share with an upper subscription limit of 10,000 shares for each account. Beijing New Universal Science Technology Co., Ltd. (300472.SZ) issues shares at 11.39 yuan per share with an upper subscription limit of 6,500 shares for each account. Chengdu Huaqi Houpu Holding Co., Ltd. (300471.SZ) issues shares at 54.01 yuan per share with an upper subscription limit of 7,000 shares for each account. Hangzhou Innover Technology Co., Ltd. (002767.SZ) issues shares at 14.87 yuan per share with an upper subscription limit of 10,000 shares for each account. Shenzhen Soling Industrial Co., Ltd. (002766.SZ) issues shares at 7.53 yuan per share with an upper subscription limit of 18,000 shares for each account. Anhui Fengxing Wear Resistant Materials Co., Ltd. (002760.SZ) issues shares at 8.31 yuan per share with an upper subscription limit of 8,500 shares for each account.
Full subscription of these shares needs 1.93 million yuan in total. Institutes advise Information Development as the first choice. It is a leading provider of overall solutions to archives informatization and food circulation and traceability. Besides, Synthesis Electronic Technology is also recommended as a terminal manufacturer in the identity recognition industry.
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