[Today's Guide]
>Central Urban Work Conference held, intelligent city becomes new development trend
>Titanium dioxide magnates increase price, Civil-Military Integration Annual Meeting to kick off
>Guanfu Modern Household Wares to transform to Health China industry, Dagang to acquire Acetec Semiconductor
>Baota Industry proposes to acquire Runxing Finance Leasing, Leike Defense Technology and Sichuan Jiuzhou Electronic propose high share conversion and dividend
[SSN Focus]
Central Urban Work Conference held, intelligent city becomes new development trend
------
The Central Urban Work Conference was held on Dec. 20 and 21 in Beijing, which has been a conference of the highest level since its first convening 37 years before. Compared with the conference held in 1978, intelligent city is one of the most obvious changes in this conference. It proposed to reinforce the construction on digital platform of urban management and also enhance the integration of its functions, build up comprehensive database for urban management, develop intelligent applications for people's livelihood service, and create the intelligent cities.
Comments: Intelligent city is the best model for new urbanization construction, and its value is recognized by the market day by day. China has successively carried out three waves of over 500 pilot intelligent cities, with planned investment scale of over 1 trillion yuan. It is learnt that many provinces and cities, including Tianjin and Shandong, have formulated drafts for intelligent urban construction of the 13th Five-year Plan, which will be issued soon. In terms of A-share companies, Hakim Information Technology Co., Ltd. (300300.SZ), mainly engaged in comprehensive intelligentization solutions for intelligent cities, realizes appreciation of big data through development of consumption finance; intelligent zone O2O and cloud parking networking business of Guangdong Anjubao Digital Technology Co., Ltd. (300155.SZ) attract the attention of institutions; Beijing E-Hualu Info Technology Co., Ltd. (300212.SZ) accumulatively signed around 50 projects related to intelligent city to deploy big data of the government.
[SSN Selection]
○SSN learnt that commissions and ministries including the National Development and Reform Commission are formulating implementation scheme to lower the costs of enterprises, such as reducing electricity price and logistics charges.
○Shanghai State-owned Assets Summit was held on Dec. 22, 2015, which will strive for overall listing of competitive industries and groups in the period of the 13th Five-year Plan.
○The interrogation authority publishes the situation about reorganizing and governing the unapproved internet-based lottery sales, and points out that related authorities including Ministry of Finance are studying and improving related management methods.
○Butadiene market rapidly rebounded this week, and its offering price of China Petrol Wushun Petrochemical Engineering Co., Ltd. increased by 550 yuan per ton to 5,400 yuan per ton.
○Based on disclosure of HKEx, Shenzhen Jushenghua Co., Ltd. subordinate to Baoneng Holding (China) Co., Ltd. increased the 118 million shareholdings in China Vanke Co., Ltd. (000002.SZ) on Dec. 15, and Anbang Insurance Group increased 128 million shareholdings in the company from Dec. 17 to 18.
TOP
[Industrial Information]
○Titanium dioxide magnates increase price, likely to boost domestic market
------
SSN learnt that titanium dioxide magnates Hunstman and Tronox on Dec. 22 announced that titanium dioxide price will be increased worldwide from Jan. 1, 2016, with a range of 150 to 160 US dollar per ton, roughly 5 percent. Chemours previously announced to increase the titanium dioxide price by 150 US dollar per ton on Dec. 17.
Comments: Many domestic enterprises in the titanium dioxide industry currently reduce the output, with operation rate declined to about 60 percent. Most large manufacturers will continue to stop production and overhaul in the first quarter of next year. The industry believes that China's titanium dioxide trend is likely to be boosted under the accelerating industrial integration and increasing price of overseas markets. In terms of listed companies, Henan Billions Chemicals Co., Ltd. (002601.SZ) proposes to acquire a leading enterprise Lomon Corporation Co., Ltd., and the latter has titanium dioxide capacity of 300,000 ton. The capacity will total at 520,000 ton after the transaction, accounting for 15 percent of the total capacity in China. Capacities of Anhui Annada Titanium Industry Co., Ltd. (002136.SZ), CNNC Hua Yuan Titanium Dioxide Co., Ltd. (002145.SZ) and Jilin Gpro Titanium Industry Co., Ltd. (000545.SZ), mainly engaged in titanium dioxide business, outstand in the industry.
○Various products to launch in the upcoming Civil-Military Integration Annual Meeting
------
China's Ministry of National Defense disclosed on its website that the 8th China Civil-Military Integration Annual Meeting will be held on Dec. 26 and 27 in Beijing. About 500 persons from the four general organs of the the Central Military Commission, the State Administration of Science, Technology and Industry for National Defence and major military enterprises will attend the meeting. It is reported that the Beidou navigation system will be effectively integrated on the meeting, and that various high-tech products with military application value, including high-performance specialized robots and monitoring system for unmanned aerial vehicle.
Comment: Institutes believe that the civilian capital only accounts 30 percent in the military industry, while that number in the U.S. is about 50 percent. It is estimated that by 2020, China's civilian capital in the military industry is likely to exceed 700 billion yuan. As for companies, Jianxi Lianchuang Opto-electronic Science ＆ technology Co., Ltd. (600363.SH) set up the civil-military integration industry investment fund with China Aerospace Science ＆ Industry Corp. The company also plans to raise 850 million yuan through private placement to produce chips for infrared focal plane detector use and cables for aviation use. Jiangsu Yinhe Electronics Co., Ltd. (002519.SZ) has acquired Heife Tongzhi Electrical Technology Co., Ltd. that produces electromechanical management system which is mainly applied in the tank and self-propelled gun.
○Xi Jinping voices support for TCM development, to benefit TCM in long term
------
Chinese president Xi Jinping wrote a letter to congratulate the 60 anniversary of the founding of China Academy of Chinese Medical Sciences, according to Xinhua News. President Xi said in the letter that the traditional Chinese medicine (TCM) now welcomes a favorable timing to revitalize, and China should bring TCM's unique advantages into play to promote TCM modernization and going globe. In addition, the law on Chinese traditional medicine (draft) was submitted to the Standing Committee of the National People's Congress for approval for the first time on Dec. 21.
Comment: If the law on Chinese traditional medicine (draft) is approved, China will become the first country making national law for the revitalization of TCM, which will benefit the industry in a long time. After Chinese scientist Tu Youyou won the Nobel Price and insurance funds have bought TCM companies, such as Beijing Tongrentang Co., Ltd. (600085.SH), by the 5 percent limit, the TCM sector is expected to attract continuous attention from the market. Among listed companies, Yunnan Baiyao Group Co., Ltd. (000538.SZ), Tasly Pharmaceutical Group Co., Ltd. (600535.SH) and Guangzhou Baiyunshan Pharmaceutical Holdings Co., Ltd. (00847.HK; 600332.SH) are all industry leaders with their unique features.
TOP
[Announcement Interpretation]
○ Guanfu Modern Household Wares to transfer traditional business at RMB430 mln to transform to Health China industry
------
Fujian Tongfu Industry Co., Ltd., controlled by the actual controller of Fujian Guanfu Modern Household Wares Co., Ltd. (002102.SZ) plans to transfer its loss-making traditional business that it previously scrapped at 430 million yuan. The deal will bring about 100 million yuan investment income to the listed company. In addition, Guanfu Modern Household Wares proposes to acquire 100 percent stake of Jiangsu Baozong ＆ Baoda Pharmaceutical Co., Ltd. which is now held by Hong Kong Raywapharm International Limited through private placement and in cash. The primary valuation of aozong ＆ Baoda Pharmaceutical ranges from 900 million to one billion yuan. The move will be another leap forward for the company to transform to the Health China industry after it poured 1.8 billion yuan to merge the medical intermediate manufacturer Wincom Pharmaceutical ＆ Chemical Company. Inc.
○Dagang to acquire Acetec Semiconductor to develop integrated circuit
------
Jiangsu Dagang Co., Ltd. (002077.SZ) plans to acquire 100 percent stake of Jiangsu Acetec Semiconductor Co. Ltd. With 1.08 billion yuan among which 67.5 million yuan will be paid in cash and the rest will be raised by issuing 94.1 million shares at 10.76 yuan per share through private placement. The company will also raise 1,068 million yuan supporting funds through private placement at 9.79 yuan per share. Acetec Semiconductor is mainly engaged in integrated circuit testing and radio frequency equipment sales. It also provides testing for IC industry partners. According to its performance commitment, Acetec Semiconductor's net profit after deducting extraordinary gains or losses will be 65.0 million, 84.5 million and 100 million yuan from 2015 to 2017. Dagang is now mainly engaged in the real estate, logistics and chemical industries. Its stock price closed at 11.4 yuan before trading suspension.
TOP
○ Baota Industry proposes to acquire 75pct equities of Runxing Finance Leasing with RMB1,875 mln
------
Baota Industry Co., Ltd. (000595.SZ) proposes to acquire 75 percent equities of Jiangsu Runxing Finance Leasing Co., Ltd. with 1,875 million yuan through private placement and paying in cash so as to expand to the finance leasing area. In the meantime, Baota Industry plans to raise a supporting fund of 895 million yuan through private placement and Baota Petrochemical Group, controlling shareholder of Baota Industry, will subscribe around 534 million yuan of the private placement. The offering prices of both aforesaid private placements are set at 10.66 yuan per share. At present, Xie Zhikun, head of Zhongzhi Enterprise Group, totally holds 100 percent equities of Runxing Finance Leasing through companies controlled by Zhongzhi Enterprise Group. The net profit of Runxing Finance Leasing from 2015 to 2017 will record 200 million yuan, 300 million yuan and 400 million yuan, respectively, according to performance commitment.
○Dianguang Explosion-proof Technology acquires education asset with RMB200 mln
------
Dianguang Explosion-proof Technology Co., Ltd. (002730.SZ) proposes to acquire 100 percent equities of Shanghai Yali Information Technology Co., Ltd. with 130 million yuan and 100 percent equities of Shanghai Ledi Network Technology Co., Ltd. with 75 million yuan by issuing shares at 38.46 yuan per share through private placement and paying in cash. Meanwhile, the company plans to raise a supporting fund of 205 million yuan through private placement at the same offering price.
Yali Information Technology is principally engaged in internationalized education and training, teaching consultancy management service, service for studying abroad and etc. The counterparty promises that Yali Information Technology will gain a total net profit of no less than 90 million yuan during the 2016-2018 period. Ledi Network Technology mainly provides services on the development, sales and education of software. The counterparty promises that the net profit of Ledi Network Technology will be no less than 8 million yuan, 13 million yuan and 24 million yuan from 2016 to 2018, respectively.
○Suzhou New District Hi-Tech Industrial acquires SND Ventures
------
Suzhou New District Hi-Tech Industrial Co., Ltd. (600736.SH) proposes to acquire 100 percent equities of SND Ventures Group held by Suzhou New District Economic Development Group Corporation (SND) and Suzhou New District State-owned Asset Operation Company with 1,126 million yuan. The transaction will be done by issuing 88.17 million shares through private placement at no less than 8.62 yuan per share and paying 366 million yuan in cash. The company also plans to raise a supporting fund of no more than 1,126 million yuan by issuing 130 million shares at the same offering price through private placement.
SND Ventures mainly focuses on equity investment business, comprehensive financial platform business and the construction of financial service supporter. The net profit of SND Ventures from 2016 to 2019 will reach 82.54 million yuan, 81.31 million yuan, 78.75 million yuan and 90.28 million yuan, respectively, according to estimation.
○Tongrentang and TFC Optical Communication bought by insurance funds through secondary market acquisition to 5pct limit
------
Beijing Tongrentang Co., Ltd. (600085.SH) discloses that as of Dec. 22, four companies under Anbang Insurance Group have totally bought 10 percent equities of the company, or 137 million shares. The shareholding of Anbang Insurance in the company was five percent as of Dec. 8. For Anbang Insurance's second acquisition of Tongrentang's shares through secondary market acquisition to the five percent limit, Hexie Health Insurance Co., Ltd. acts as the main contributor. The price of the acquisition in December ranges from 36 yuan per share to 42.8 yuan per share. The latest stock price of Tongrentang closed at 41.1 yuan per share.
Suzhou TFC Optical Communication Co., Ltd. (300394.SZ) announces that Zhongrong Life Insurance Co., Ltd. increased shareholding in the company by 3,717,100 shares at an average price of 96.19 yuan per share from Oct. 26 to Dec. 21, accounting for five percent of the total share capital of TFC Optical Communication,. It's open that Zhongrong Life Insurance might further increase shareholding in TFC Optical Communication in next 12 months.
[Financial Reports Express]
○Leike Defense Technology and Sichuan Jiuzhou Electronic propose high share conversion and dividend
------
Jiangsu Leike Defense Technology Co., Ltd. (002413.SZ) proposes a 21-for-10 conversion of capital surplus into shares combined with 5.5 yuan dividend for every 10 shares. Sichuan Jiuzhou Electronic Co., Ltd. (000801.SZ) proposes a 10-for-10 conversion of capital surplus into shares combined with dividend in 2015.
[News Tracking]
○Substantial shareholder of Eurasia Group increases shareholding
------
Substantial shareholder of Chang Chun Eurasia Group Co., Ltd. (600697.SH) increased shareholding in the company by 1.35 million shares, or 0.85 percent of the company's total share capital, during Dec. 17-22 at a price ranging from 36.5 yuan per share to 44.98 yuan per share, beefing up its shareholding in the company to 23.68 percent. Decision about whether to further increase shareholding or not will be made later. SSN reported on Dec. 21 that Anbang Insurance Group bought the shares of Eurasia Group through secondary market acquisition to the five percent limit for the second time.
[Trading Alarms]
○7 new stocks including Century Network Technology to launch subscription on Dec. 23
------
Hubei Century Network Technology Co., Ltd. (300494.SZ) will issue shares at 18.1 yuan per share with a limit of 12,000 shares per single account; Sichuan Jiuyuan Yinhai Software Co., Ltd. (002777.SZ) will offer shares at 11.46 yuan per share with an up-limit of 8,000 shares; Shijiazhuang Tonhe Electronics Technologies Co., Ltd. (300491.SZ) will launch subscription at 10.48 yuan per share with a limit of 8,000 shares; HNAC Technology Co., Ltd. (300490.SZ) will offer shares at 9.09 yuan per share with an up-limit of 10,000 shares; Suzhou Huayuan Packaging Co., Ltd. (002787.SZ) will issue shares at 11.37 yuan per share with a limit of 14,000 shares; Beijing Qianjing Landscape Co., Ltd. (732778.SH) will issue shares at 18.98 yuan per share with a limit of 8,000 shares; Jiangsu Jingshen Salt ＆ Chemical Industry Co., Ltd. (732299.SH) will issue shares at 3.69 yuan per share with a limit of 27,000 shares. Maximum subscription of all shares needs 890,000 yuan. Century Network Technology, a company engaged in Internet entertainment platform, is recommended by institutions.
TOP
>Central Urban Work Conference held, intelligent city becomes new development trend
>Titanium dioxide magnates increase price, Civil-Military Integration Annual Meeting to kick off
>Guanfu Modern Household Wares to transform to Health China industry, Dagang to acquire Acetec Semiconductor
>Baota Industry proposes to acquire Runxing Finance Leasing, Leike Defense Technology and Sichuan Jiuzhou Electronic propose high share conversion and dividend
[SSN Focus]
Central Urban Work Conference held, intelligent city becomes new development trend
------
The Central Urban Work Conference was held on Dec. 20 and 21 in Beijing, which has been a conference of the highest level since its first convening 37 years before. Compared with the conference held in 1978, intelligent city is one of the most obvious changes in this conference. It proposed to reinforce the construction on digital platform of urban management and also enhance the integration of its functions, build up comprehensive database for urban management, develop intelligent applications for people's livelihood service, and create the intelligent cities.
Comments: Intelligent city is the best model for new urbanization construction, and its value is recognized by the market day by day. China has successively carried out three waves of over 500 pilot intelligent cities, with planned investment scale of over 1 trillion yuan. It is learnt that many provinces and cities, including Tianjin and Shandong, have formulated drafts for intelligent urban construction of the 13th Five-year Plan, which will be issued soon. In terms of A-share companies, Hakim Information Technology Co., Ltd. (300300.SZ), mainly engaged in comprehensive intelligentization solutions for intelligent cities, realizes appreciation of big data through development of consumption finance; intelligent zone O2O and cloud parking networking business of Guangdong Anjubao Digital Technology Co., Ltd. (300155.SZ) attract the attention of institutions; Beijing E-Hualu Info Technology Co., Ltd. (300212.SZ) accumulatively signed around 50 projects related to intelligent city to deploy big data of the government.
[SSN Selection]
○SSN learnt that commissions and ministries including the National Development and Reform Commission are formulating implementation scheme to lower the costs of enterprises, such as reducing electricity price and logistics charges.
○Shanghai State-owned Assets Summit was held on Dec. 22, 2015, which will strive for overall listing of competitive industries and groups in the period of the 13th Five-year Plan.
○The interrogation authority publishes the situation about reorganizing and governing the unapproved internet-based lottery sales, and points out that related authorities including Ministry of Finance are studying and improving related management methods.
○Butadiene market rapidly rebounded this week, and its offering price of China Petrol Wushun Petrochemical Engineering Co., Ltd. increased by 550 yuan per ton to 5,400 yuan per ton.
○Based on disclosure of HKEx, Shenzhen Jushenghua Co., Ltd. subordinate to Baoneng Holding (China) Co., Ltd. increased the 118 million shareholdings in China Vanke Co., Ltd. (000002.SZ) on Dec. 15, and Anbang Insurance Group increased 128 million shareholdings in the company from Dec. 17 to 18.
TOP
[Industrial Information]
○Titanium dioxide magnates increase price, likely to boost domestic market
------
SSN learnt that titanium dioxide magnates Hunstman and Tronox on Dec. 22 announced that titanium dioxide price will be increased worldwide from Jan. 1, 2016, with a range of 150 to 160 US dollar per ton, roughly 5 percent. Chemours previously announced to increase the titanium dioxide price by 150 US dollar per ton on Dec. 17.
Comments: Many domestic enterprises in the titanium dioxide industry currently reduce the output, with operation rate declined to about 60 percent. Most large manufacturers will continue to stop production and overhaul in the first quarter of next year. The industry believes that China's titanium dioxide trend is likely to be boosted under the accelerating industrial integration and increasing price of overseas markets. In terms of listed companies, Henan Billions Chemicals Co., Ltd. (002601.SZ) proposes to acquire a leading enterprise Lomon Corporation Co., Ltd., and the latter has titanium dioxide capacity of 300,000 ton. The capacity will total at 520,000 ton after the transaction, accounting for 15 percent of the total capacity in China. Capacities of Anhui Annada Titanium Industry Co., Ltd. (002136.SZ), CNNC Hua Yuan Titanium Dioxide Co., Ltd. (002145.SZ) and Jilin Gpro Titanium Industry Co., Ltd. (000545.SZ), mainly engaged in titanium dioxide business, outstand in the industry.
○Various products to launch in the upcoming Civil-Military Integration Annual Meeting
------
China's Ministry of National Defense disclosed on its website that the 8th China Civil-Military Integration Annual Meeting will be held on Dec. 26 and 27 in Beijing. About 500 persons from the four general organs of the the Central Military Commission, the State Administration of Science, Technology and Industry for National Defence and major military enterprises will attend the meeting. It is reported that the Beidou navigation system will be effectively integrated on the meeting, and that various high-tech products with military application value, including high-performance specialized robots and monitoring system for unmanned aerial vehicle.
Comment: Institutes believe that the civilian capital only accounts 30 percent in the military industry, while that number in the U.S. is about 50 percent. It is estimated that by 2020, China's civilian capital in the military industry is likely to exceed 700 billion yuan. As for companies, Jianxi Lianchuang Opto-electronic Science ＆ technology Co., Ltd. (600363.SH) set up the civil-military integration industry investment fund with China Aerospace Science ＆ Industry Corp. The company also plans to raise 850 million yuan through private placement to produce chips for infrared focal plane detector use and cables for aviation use. Jiangsu Yinhe Electronics Co., Ltd. (002519.SZ) has acquired Heife Tongzhi Electrical Technology Co., Ltd. that produces electromechanical management system which is mainly applied in the tank and self-propelled gun.
○Xi Jinping voices support for TCM development, to benefit TCM in long term
------
Chinese president Xi Jinping wrote a letter to congratulate the 60 anniversary of the founding of China Academy of Chinese Medical Sciences, according to Xinhua News. President Xi said in the letter that the traditional Chinese medicine (TCM) now welcomes a favorable timing to revitalize, and China should bring TCM's unique advantages into play to promote TCM modernization and going globe. In addition, the law on Chinese traditional medicine (draft) was submitted to the Standing Committee of the National People's Congress for approval for the first time on Dec. 21.
Comment: If the law on Chinese traditional medicine (draft) is approved, China will become the first country making national law for the revitalization of TCM, which will benefit the industry in a long time. After Chinese scientist Tu Youyou won the Nobel Price and insurance funds have bought TCM companies, such as Beijing Tongrentang Co., Ltd. (600085.SH), by the 5 percent limit, the TCM sector is expected to attract continuous attention from the market. Among listed companies, Yunnan Baiyao Group Co., Ltd. (000538.SZ), Tasly Pharmaceutical Group Co., Ltd. (600535.SH) and Guangzhou Baiyunshan Pharmaceutical Holdings Co., Ltd. (00847.HK; 600332.SH) are all industry leaders with their unique features.
TOP
[Announcement Interpretation]
○ Guanfu Modern Household Wares to transfer traditional business at RMB430 mln to transform to Health China industry
------
Fujian Tongfu Industry Co., Ltd., controlled by the actual controller of Fujian Guanfu Modern Household Wares Co., Ltd. (002102.SZ) plans to transfer its loss-making traditional business that it previously scrapped at 430 million yuan. The deal will bring about 100 million yuan investment income to the listed company. In addition, Guanfu Modern Household Wares proposes to acquire 100 percent stake of Jiangsu Baozong ＆ Baoda Pharmaceutical Co., Ltd. which is now held by Hong Kong Raywapharm International Limited through private placement and in cash. The primary valuation of aozong ＆ Baoda Pharmaceutical ranges from 900 million to one billion yuan. The move will be another leap forward for the company to transform to the Health China industry after it poured 1.8 billion yuan to merge the medical intermediate manufacturer Wincom Pharmaceutical ＆ Chemical Company. Inc.
○Dagang to acquire Acetec Semiconductor to develop integrated circuit
------
Jiangsu Dagang Co., Ltd. (002077.SZ) plans to acquire 100 percent stake of Jiangsu Acetec Semiconductor Co. Ltd. With 1.08 billion yuan among which 67.5 million yuan will be paid in cash and the rest will be raised by issuing 94.1 million shares at 10.76 yuan per share through private placement. The company will also raise 1,068 million yuan supporting funds through private placement at 9.79 yuan per share. Acetec Semiconductor is mainly engaged in integrated circuit testing and radio frequency equipment sales. It also provides testing for IC industry partners. According to its performance commitment, Acetec Semiconductor's net profit after deducting extraordinary gains or losses will be 65.0 million, 84.5 million and 100 million yuan from 2015 to 2017. Dagang is now mainly engaged in the real estate, logistics and chemical industries. Its stock price closed at 11.4 yuan before trading suspension.
TOP
○ Baota Industry proposes to acquire 75pct equities of Runxing Finance Leasing with RMB1,875 mln
------
Baota Industry Co., Ltd. (000595.SZ) proposes to acquire 75 percent equities of Jiangsu Runxing Finance Leasing Co., Ltd. with 1,875 million yuan through private placement and paying in cash so as to expand to the finance leasing area. In the meantime, Baota Industry plans to raise a supporting fund of 895 million yuan through private placement and Baota Petrochemical Group, controlling shareholder of Baota Industry, will subscribe around 534 million yuan of the private placement. The offering prices of both aforesaid private placements are set at 10.66 yuan per share. At present, Xie Zhikun, head of Zhongzhi Enterprise Group, totally holds 100 percent equities of Runxing Finance Leasing through companies controlled by Zhongzhi Enterprise Group. The net profit of Runxing Finance Leasing from 2015 to 2017 will record 200 million yuan, 300 million yuan and 400 million yuan, respectively, according to performance commitment.
○Dianguang Explosion-proof Technology acquires education asset with RMB200 mln
------
Dianguang Explosion-proof Technology Co., Ltd. (002730.SZ) proposes to acquire 100 percent equities of Shanghai Yali Information Technology Co., Ltd. with 130 million yuan and 100 percent equities of Shanghai Ledi Network Technology Co., Ltd. with 75 million yuan by issuing shares at 38.46 yuan per share through private placement and paying in cash. Meanwhile, the company plans to raise a supporting fund of 205 million yuan through private placement at the same offering price.
Yali Information Technology is principally engaged in internationalized education and training, teaching consultancy management service, service for studying abroad and etc. The counterparty promises that Yali Information Technology will gain a total net profit of no less than 90 million yuan during the 2016-2018 period. Ledi Network Technology mainly provides services on the development, sales and education of software. The counterparty promises that the net profit of Ledi Network Technology will be no less than 8 million yuan, 13 million yuan and 24 million yuan from 2016 to 2018, respectively.
○Suzhou New District Hi-Tech Industrial acquires SND Ventures
------
Suzhou New District Hi-Tech Industrial Co., Ltd. (600736.SH) proposes to acquire 100 percent equities of SND Ventures Group held by Suzhou New District Economic Development Group Corporation (SND) and Suzhou New District State-owned Asset Operation Company with 1,126 million yuan. The transaction will be done by issuing 88.17 million shares through private placement at no less than 8.62 yuan per share and paying 366 million yuan in cash. The company also plans to raise a supporting fund of no more than 1,126 million yuan by issuing 130 million shares at the same offering price through private placement.
SND Ventures mainly focuses on equity investment business, comprehensive financial platform business and the construction of financial service supporter. The net profit of SND Ventures from 2016 to 2019 will reach 82.54 million yuan, 81.31 million yuan, 78.75 million yuan and 90.28 million yuan, respectively, according to estimation.
○Tongrentang and TFC Optical Communication bought by insurance funds through secondary market acquisition to 5pct limit
------
Beijing Tongrentang Co., Ltd. (600085.SH) discloses that as of Dec. 22, four companies under Anbang Insurance Group have totally bought 10 percent equities of the company, or 137 million shares. The shareholding of Anbang Insurance in the company was five percent as of Dec. 8. For Anbang Insurance's second acquisition of Tongrentang's shares through secondary market acquisition to the five percent limit, Hexie Health Insurance Co., Ltd. acts as the main contributor. The price of the acquisition in December ranges from 36 yuan per share to 42.8 yuan per share. The latest stock price of Tongrentang closed at 41.1 yuan per share.
Suzhou TFC Optical Communication Co., Ltd. (300394.SZ) announces that Zhongrong Life Insurance Co., Ltd. increased shareholding in the company by 3,717,100 shares at an average price of 96.19 yuan per share from Oct. 26 to Dec. 21, accounting for five percent of the total share capital of TFC Optical Communication,. It's open that Zhongrong Life Insurance might further increase shareholding in TFC Optical Communication in next 12 months.
[Financial Reports Express]
○Leike Defense Technology and Sichuan Jiuzhou Electronic propose high share conversion and dividend
------
Jiangsu Leike Defense Technology Co., Ltd. (002413.SZ) proposes a 21-for-10 conversion of capital surplus into shares combined with 5.5 yuan dividend for every 10 shares. Sichuan Jiuzhou Electronic Co., Ltd. (000801.SZ) proposes a 10-for-10 conversion of capital surplus into shares combined with dividend in 2015.
[News Tracking]
○Substantial shareholder of Eurasia Group increases shareholding
------
Substantial shareholder of Chang Chun Eurasia Group Co., Ltd. (600697.SH) increased shareholding in the company by 1.35 million shares, or 0.85 percent of the company's total share capital, during Dec. 17-22 at a price ranging from 36.5 yuan per share to 44.98 yuan per share, beefing up its shareholding in the company to 23.68 percent. Decision about whether to further increase shareholding or not will be made later. SSN reported on Dec. 21 that Anbang Insurance Group bought the shares of Eurasia Group through secondary market acquisition to the five percent limit for the second time.
[Trading Alarms]
○7 new stocks including Century Network Technology to launch subscription on Dec. 23
------
Hubei Century Network Technology Co., Ltd. (300494.SZ) will issue shares at 18.1 yuan per share with a limit of 12,000 shares per single account; Sichuan Jiuyuan Yinhai Software Co., Ltd. (002777.SZ) will offer shares at 11.46 yuan per share with an up-limit of 8,000 shares; Shijiazhuang Tonhe Electronics Technologies Co., Ltd. (300491.SZ) will launch subscription at 10.48 yuan per share with a limit of 8,000 shares; HNAC Technology Co., Ltd. (300490.SZ) will offer shares at 9.09 yuan per share with an up-limit of 10,000 shares; Suzhou Huayuan Packaging Co., Ltd. (002787.SZ) will issue shares at 11.37 yuan per share with a limit of 14,000 shares; Beijing Qianjing Landscape Co., Ltd. (732778.SH) will issue shares at 18.98 yuan per share with a limit of 8,000 shares; Jiangsu Jingshen Salt ＆ Chemical Industry Co., Ltd. (732299.SH) will issue shares at 3.69 yuan per share with a limit of 27,000 shares. Maximum subscription of all shares needs 890,000 yuan. Century Network Technology, a company engaged in Internet entertainment platform, is recommended by institutions.
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